For sure, event-driven trading is something that considered to be an alternative to technical analysis for intraday traders, as to me.
At least I once tried to focus on the events and traded intraday some currency pairs. It worked out, but at the same time, I understood that it would be better to continue utilizing traditional approach in the form of indicators, patterns and other stuff. Predominantly, it’s used by long-term trading enthusiasts, as it’s a part of fundamental analysis, but I’ve faced those guys who make decision on opening the position based on the events. For instance, regular FRS sessions perfectly match with major pairs trading.