I guess that trading the news really matter when you're fond of long-time trading and fundamental analysis. Short-time trading doesn't require news mostly because everything there is analyzed due to technical analysis. You always check the trend movement, with a help of patterns like triangle, determine trend reversals and other things. I believe that if there will be a serious event in the world then it also affects short timeframes like 1M-1D, the price either will go down ot rise up sharply. And this is the only scenario when news affects short timeframes.