empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
15.08.2023 04:22 AM
What events may affect market sentiment on August 15? Overview of fundamental events for beginners
Open trading account Open demo account

Overview of macroeconomic reports

This image is no longer relevant

On Tuesday, a good number of reports are lined up in the EU, the US, and the UK. Germany and the EU will release the ZEW Economic Sentiment indices. These aren't that important, but in case the latest figures significantly deviate from forecasts, they can trigger a 30-point reaction. The UK is set to publish important reports on unemployment benefit claims, unemployment itself, and wages. This "trio" together might cause a substantial movement of the British pound sterling. The US will release its retail sales data, which is a secondary report. In general, each of the aforementioned reports can be ignored, but we still believe that the UK data might have the chance to move the market.

Overview of fundamental events

Among today's fundamental events, the only noteworthy aspect is the speech by Federal Reserve Monetary Committee representative Neel Kashkari. Since we haven't heard opinions from FOMC officials after the inflation report, this might be interesting, even though we don't expect an immediate market reaction. Nonetheless, the more hints there are at further tightening of monetary policy, the more likely it is that the dollar will continue to appreciate in the medium term. However, from our perspective, it should do so without the need for macroeconomics and fundamentals.

This image is no longer relevant

Bottom line

On Tuesday, we can look forward to important and interesting events. However, both currency pairs moved quite actively on Monday, when the event calendar was empty. Moreover, they tried to revive the downtrend, which means that traders currently don't need the help of fundamentals and macroeconomics to determine the pairs' direction.

Main rules of the trading system:
  • The strength of the signal is calculated by the time it took to form the signal (bounce/drop or overcoming the level). The less time it took, the stronger the signal.
  • If two or more trades were opened near a certain level due to false signals, all subsequent signals from this level should be ignored.
  • In a flat market, any currency pair can generate a lot of false signals or not generate them at all. But in any case, as soon as the first signs of a flat market are detected, it is better to stop trading.
  • Trades are opened in the time interval between the beginning of the European session and the middle of the American one when all trades must be closed manually.
  • On the 30-minute timeframe, you can trade based on MACD signals only on the condition of good volatility and provided that a trend is confirmed by the trend line or a trend channel.
  • If two levels are located too close to each other (from 5 to 15 points), they should be considered as an area of support or resistance.
Comments on charts

Support and resistance levels are levels that serve as targets when opening long or short positions. Take Profit orders can be placed around them.

Red lines are channels or trend lines that display the current trend and show which direction is preferable for trading now.

The MACD (14,22,3) indicator, both histogram and signal line, is an auxiliary indicator that can also be used as a source of signals.

Important speeches and reports (always found in the news calendar) can significantly influence the movement of a currency pair. Therefore, during their release, it is recommended to trade with utmost caution or to exit the market to avoid a sharp price reversal against the previous movement.

Beginners trading in the forex market should remember that not every trade can be profitable. Developing a clear strategy and money management is the key to success in trading over a long period of time.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Forecast
Intraday Strategies for Beginner Traders on April 7 EUR and GBP opened with a downward gap, but these dips were soon covered. The likelihood that the United States' key trading partners would reach a swift agreement on removing
Miroslaw Bawulski
08:22 2025-04-07 +02:00
1015
Fundamental analysis
What to Pay Attention to on April 7? A Breakdown of Fundamental Events for Beginners There are very few macroeconomic events scheduled for Monday. After last week's developments, we believe these events will have no impact on the movements of either currency pair. Nonetheless, today's
Paolo Greco
07:03 2025-04-07 +02:00
1135
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

What to Pay Attention to on April 7? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Monday. After last week's developments, we believe these events will have no impact on the movements of either currency pair. Nonetheless, today's
Paolo Greco 07:03 2025-04-07 UTC+2

EUR/USD Weekly Preview: U.S. Inflation Reports and the Fate of the "Big Tariffs"

The upcoming week promises to be just as volatile as the previous one. The so-called "big tariffs," which are set to take effect on April 9, are at the center
Irina Manzenko 06:13 2025-04-07 UTC+2

GBP/USD Pair Overview – April 7. The British Pound Delivered a Major Surprise on Friday

The GBP/USD currency pair rose 280 pips between Wednesday and Thursday, only to crash by 340 on Friday. These kinds of "flights" have become a regular occurrence lately. While
Paolo Greco 03:23 2025-04-07 UTC+2

EUR/USD Pair Overview – April 7. Nonfarms and Powell Saved the Dollar

The EUR/USD currency pair lost over 300 pips on Wednesday and Thursday, but Friday brought a strong recovery. No one would have been surprised if the dollar had continued falling
Paolo Greco 03:23 2025-04-07 UTC+2

XAU/USD. Analysis and Forecast

Gold is attracting some sellers for the second day in a row, despite the absence of any clear fundamental catalyst for a decline. Most likely, this is due to trading
Irina Yanina 11:50 2025-04-04 UTC+2

Old market rules broken

Someone is not telling the truth. Donald Trump insists that everything is going well and that the markets will flourish. But the S&P 500 just posted its worst 10-week start
Marek Petkovich 11:10 2025-04-04 UTC+2

The Growth of the Gold Price Has Stopped. What Is the Reason? (There Is a Possibility of a Local Corrective Pullback in #SPX and Bitcoin)

The global market crash triggered by the announcement of sweeping tariffs personally introduced by the U.S. President continues into Asian trading sessions. While the decline has slowed, there is still
Pati Gani 09:09 2025-04-04 UTC+2

What to Pay Attention to on April 4? A Breakdown of Fundamental Events for Beginners

Only a few macroeconomic events are scheduled for Friday, but they may trigger a new storm. The market has not yet recovered from Wednesday evening's events when Trump imposed trade
Paolo Greco 07:29 2025-04-04 UTC+2

GBP/USD Pair Overview – April 4: Does Anyone Still Care About Nonfarm Payrolls and Unemployment?

The GBP/USD currency pair posted a 300-pip upward move from Wednesday evening through Thursday. Given the current situation, this may not end the dollar's decline. To be honest, the fall
Paolo Greco 06:07 2025-04-04 UTC+2

EUR/USD Pair Overview – 4: Trump's Tariffs Crash the Dollar Once Again

The EUR/USD currency pair gained nearly 300 pips between Wednesday and Thursday. We saw a repeat of the situation in early March when the U.S. dollar fell by 400 pips
Paolo Greco 06:06 2025-04-04 UTC+2

Top analytics

Relevance up to 20:00 2025-04-07 UTC--4
EUR/USD Pair Overview – April 7. Nonfarms and Powell Saved the Dollar
03:23 2025-04-07
Fundamental analysis
Relevance up to 23:00 2025-04-07 UTC--4
EUR/USD Forecast for April 7, 2025
05:20 2025-04-07
Technical analysis
Relevance up to 20:00 2025-04-07 UTC--4
GBP/USD Pair Overview – April 7. The British Pound Delivered a Major Surprise on Friday
03:23 2025-04-07
Fundamental analysis
Relevance up to 20:00 2025-04-07 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 7: Nothing Is Improving for the Dollar
03:23 2025-04-07
Trading plan
Relevance up to 20:00 2025-04-07 UTC--4
Trading Recommendations and Analysis for GBP/USD on April 7: The Pound Collapsed Like a House of Cards
03:23 2025-04-07
Trading plan
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.