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
07.03.2025 08:42 AM
What to Watch for on March 7th? Analysis of Fundamental Events for Beginners
Open trading account Open demo account

Analysis of macroeconomic reports:

This image is no longer relevant

A busy macroeconomic calendar is set for Friday. The Eurozone will publish its GDP report for the third quarter in its third estimate, which may differ from the previous two. Expectations for economic growth in Europe remain low, yet the euro has been rising regardless of this factor. Meanwhile, in the United States, key reports on unemployment, wages, and the labor market will be released. These reports are of significant importance to the market and have a strong influence on the Federal Reserve's decisions. However, this week, the market has been ignoring all events except Donald Trump's policies. It is quite possible that today, too, we will see illogical market movements.

Analysis of Fundamental Events

This image is no longer relevant

Among Friday's fundamental events, the speeches of ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell stand out. Both may address Trump's recent economic measures, evaluate their impact on inflation and the broader economy, and comment on future monetary policy adjustments based on the new reality. We expect important statements from both Lagarde and Powell today. However, will this support the US dollar, or will the currency continue to decline solely due to negative trader sentiment toward the US economic outlook?

General Outlook

On this final trading day of the week, currency pairs may move in any direction, as the market is currently trading on emotion, with Trump as the primary driver. For example, yesterday's ECB meeting was largely ignored by traders. Today's economic calendar is packed, but there is no guarantee the market will react logically to these events.

Key Trading System Rules

  1. The strength of a signal is determined by how quickly it forms (bounce or breakout of a level). The faster the signal appears, the stronger it is.
  2. If two or more false signals appear around the same level, all subsequent signals from that level should be ignored.
  3. During a flat market, the pair may generate numerous false signals or none at all. In either case, it's best to stop trading at the first signs of consolidation.
  4. Trades should be executed during the European and early US trading sessions, after which all positions should be manually closed.
  5. On the hourly time frame, MACD signals should only be traded when strong volatility and a confirmed trend are present (validated by a trendline or trend channel).
  6. If two levels are too close (5-20 points apart), they should be treated as a support or resistance zone rather than individual levels.
  7. After a 15-20 point movement in the correct direction, a Stop Loss should be moved to breakeven.

Chart Explanations

Support and resistance levels – These serve as price targets for opening buy or sell positions. Take Profit orders can be placed near these levels.

Red lines – Trend channels or trendlines that indicate the current market trend and preferred trading direction.

MACD indicator (14,22,3) – Histogram and signal line, a secondary indicator that can provide trade signals.

Final Thoughts for Beginner Forex Traders

Major news events and speeches (always listed in the economic calendar) can significantly impact currency pair movements. During these releases, traders should exercise extreme caution or exit the market to avoid sharp price reversals.

For beginners, it is crucial to remember that not every trade will be profitable. The key to long-term success in forex trading is developing a clear strategy and applying sound risk management principles.

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
Analytical News
US Market News Digest for May 2 US equity indices continue to climb despite lingering economic uncertainty. Investor optimism is being driven by expectations of progress in trade talks between the US and China. Nevertheless, ongoing economic
Ekaterina Kiseleva
13:14 2025-05-02 +02:00
1510
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on May 2nd (U.S. Session) Trade Analysis and Advice for the Japanese Yen The test of the 145.05 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited
Jakub Novak
12:24 2025-05-02 +02:00
1765
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

EUR/USD: Analysis and Forecast

The EUR/USD pair is attracting buyers today, breaking a three-day losing streak and attempting to build intraday momentum above the psychological 1.1300 level. This indicates a renewed interest from buyers
Irina Yanina 11:59 2025-05-02 UTC+2

U.S. Labor Market Data Could Be a Major Disappointment

Employment growth in the U.S. likely slowed in April, although the unemployment rate is expected to remain unchanged, pointing to healthy but moderate demand for labor. However, the Trump administration's
Jakub Novak 10:08 2025-05-02 UTC+2

The ECB Has No Other Choice

The European currency continues to lose ground against the U.S. dollar as traders increasingly place bets on the European Central Bank's upcoming monetary policy decisions. According to data, the chances
Jakub Novak 10:03 2025-05-02 UTC+2

China Has Finally Responded

The euro, the pound, and other risk assets reacted with gains following statements from Chinese authorities that they are assessing the possibility of trade negotiations with the United States—marking
Jakub Novak 09:57 2025-05-02 UTC+2

The Process Has Begun. China Is Ready for Trade Talks (There's a Chance of Renewed Decline in Gold and EUR/USD Prices)

Trading on the last day of the week is unfolding positively. News that China is ready to begin negotiations has inspired investors to buy risk assets and weakened the U.S
Pati Gani 09:43 2025-05-02 UTC+2

The Market Enters Turbulent Waters

The market is confident that tariffs won't materialize or that companies can pass them on to customers. The S&P 500's eight-day rally—its longest since August—strongly hints at this. So does
Marek Petkovich 09:24 2025-05-02 UTC+2

What to Pay Attention to on May 2? A Breakdown of Fundamental Events for Beginners

Only a few macroeconomic events are scheduled for Friday, but some are quite significant. Naturally, the focus is on the U.S. NonFarm Payrolls and unemployment rate, yet it's also important
Paolo Greco 09:14 2025-05-02 UTC+2

GBP/USD Overview – May 2: The U.S. Dollar Didn't Rise for Long

On Thursday, the GBP/USD currency pair continued to decline. The dollar had strengthened for three consecutive days—despite having no objective reason. U.S. macroeconomic data has been consistently weak; there were
Paolo Greco 03:50 2025-05-02 UTC+2

EUR/USD Overview – May 2: The Dollar Faces a New Collapse – And It's Far from the Last

On Thursday, the EUR/USD currency pair once again traded relatively calmly, but the U.S. dollar failed to show any meaningful growth this time. A little bit of good news goes
Paolo Greco 03:47 2025-05-02 UTC+2

USD/JPY: A Rough Patch for the Yen

At its latest meeting, the Bank of Japan kept all key policy settings unchanged, effectively implementing the most expected baseline scenario—despite earlier conflicting statements from central bank officials
Irina Manzenko 01:19 2025-05-02 UTC+2

Top analytics

Relevance up to 03:00 2025-05-04 UTC--4
The Process Has Begun. China Is Ready for Trade Talks (There's a Chance of Renewed Decline in Gold and EUR/USD Prices)
09:43 2025-05-02
Fundamental analysis
Relevance up to 03:00 2025-05-07 UTC--4
The Market Enters Turbulent Waters
09:24 2025-05-02
Fundamental analysis
Relevance up to 03:00 2025-05-05 UTC--4
US market: modest but positive move
13:38 2025-05-02
Stock Markets
Relevance up to 06:00 UTC--4
US Market News Digest for May 2
13:14 2025-05-02
News
Relevance up to 21:00 2025-05-03 UTC--4
Technical Analysis of Intraday Price Movement Nasdaq 100 Index, Friday May 02, 2025.
08:04 2025-05-02
Technical analysis
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.