News is extremely important in the long-term and short-term, depending on circumstances. The “fundamental data” released by banks usually isn’t even as important as quasi-political news in the shorter-term, outside of the intra-day term.
I find that it’s impossible NOT to worry about the news when trading. Can purely technical trading be done without even slighted considering what’s going on with the news/economic news release cycle?
News matter.
Bur first, you need to have a solid understanding of the fundamentals that drive the currency markets and be aware of the current narrative(s) that dominate the global financial markets.
Only then will you be able to figure out how news, whether economic data releases or spontaneous tweets from everyone’s favorite Tweeter-in-Chief, will move prices.
The current price is the sum total of all the known public information. When news comes out, the price fluctuates as market participants digest this new information and adjust their outlooks.
This new outlook could be supportive of your own trade outlook or against it.
Just because one favors technical analysis doesn’t mean one can ignore the fundamentals that are currently driving the currency pairs one is trading.
Traders who grasp the macro fundamentals and are attuned to the dominant market narratives or themes at the moment will minimize experiencing the “WTF just happened?!!!” moments when all of a sudden price makes a massive move up or down.
I used to think it shouldn’t matter that much especially if you’re trading 1D but I’ve been taken out of trades when pairs are extra volatile (because of a news release or sometimes even Trump’s tweets) and my stops aren’t well-placed so yes, based on personal experience, it matters. 
They matter very much, as news build expectations and give understanding of the world economy’s future. A lot of traders don’t use any indicators and rely only on news and reliable analytical sources. The fact is that the politics affects all of spheres, especially trading and national economies and those who can analyse news properly will always have a lot of profit.
News matter only in fueling a directional momentum. Once your technical analysis points to a directional bias, you benefit if news align with that direction as it enhances the chance of making good profits and lasts longer. However, any news that is not aligned with a technical direction will have a short-lived effect.
Trade safe.
Trap
News can very quickly find its way into price, so I always set a stop-loss order and then maintain trailing stop-loss orders.
for me news are just a catalizator …i very very often see that news trigger the set ups
so if there are big red news i like to watch chart with my pre market levels and orders or get in per market order if price arrives at my zones …
just things like brexit news or very very important stuff is another story 
So much info is shared here. Thanks.
It absolutely does. News can form the basis for Trader’s sentiments which can eventually be the way to reduce any kind of losses that may occur.
Yes Definetly, you always need to be up with your research work and stay on top of economic news to reap the best rewards. U.S. economic releases tend to have the most pronounced impact on the forex market, so always saty in touch. Any event scheduled for the future will have an impact on the forex market (be it positive or negative)
I often find news is a catylyst to support technical analysis or counter it. I would be wary of entering a trade that lined up technically but had red folder news within the hour or opening a position for example as I think I would ahve got in prematurely and sometimes the market clearly waits for these news releases.
One should always keep a check on the news if you want to trade. It is a must.
Exactly, news matters to some extent as the reaction to news leads to high volatility in the market. You must have noticed that whenever a big event takes place, there is a certain reaction that can be either positive or negative depending on the news.
Depends a lot on expectations that existed before the news release. Sometimes bullish NFP surprise is perfectly priced in because it’s just a confirmation of some trend (economic recovery), while in times of economic collapse strong data can alter expectations. In short it depends on the magnitude of surprise in the market caused by incoming information.
I would like to say that the news really matters when it comes to trading. I think we are should always be ready for any news because, forex is a very flexible market. Therefore you should ensure that the flow of information is at the top gear. A trader who doesnt follow the news will never succed in the business.
Yes with no doubt. Your day to day trading gets affected by any news or events around the corner. So it is really important for us (traders) to stay in touch with what’s happening
It is the most crucial aspect while trading. News can form the basis of any future trade, which can be more profitable and help the trader to reduce the losses.
Yes, one must be aware about economic growth, ongoing market trends, financial health of the market and about his competitors.
Of course they matter but their impact is ambiguous. Basically it depends on what markets expected and how the new piece of information altered their expectations. Sometimes news provoke reaction sometimes doesn’t. This is the biggest problem. I trade NFP and CPI releases with Hotforex every month but I gather information the whole month before the release to make at least rough assessment what markets expect from reports.