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
24.03.2025 07:08 AM
What to Pay Attention to on March 24? A Breakdown of Fundamental Events for Beginners
Open trading account Open demo account

Analysis of Macroeconomic Reports:

This image is no longer relevant

Eight macroeconomic events are scheduled for Monday. Preliminary March readings of business activity indices in the manufacturing and services sectors will be published in Germany, the Eurozone, the U.S., and the UK. Individually, these indices may have a relatively weak impact on trading, but with eight releases in total, the market reaction could be significant. A slight increase is expected across all European indices, but it's important to emphasize that what matters is how actual figures compare to forecasts, not just the absolute values. If the actual readings come in higher than the previous ones but below expectations, we will likely see a decline in the corresponding currency.

Analysis of Fundamental Events:

This image is no longer relevant

Bank of England Governor Andrew Bailey's speech stands out among Monday's fundamental events. However, it is hard to expect anything new or noteworthy from Bailey, considering that the BoE just held its policy meeting on Thursday, where he fully expressed his views on the economy, inflation, and monetary policy. We believe Bailey will unlikely provide the markets with any fresh insights on Monday. The BoE has taken a somewhat hawkish stance, which supports the British pound. However, it's worth noting that the pound has been rising steadily for three consecutive weeks without pauses or corrections. The British currency needs a pullback regardless of Bailey's rhetoric or the BoE's stance.

General Conclusions:

On the first trading day of the new week, both currency pairs may continue their decline, which has been building over recent weeks. Both pairs have broken below their ascending channels, and the Federal Reserve's current position allows the dollar to reclaim some of the ground it lost unfairly. Of course, no one knows when Trump will announce new trade tariffs, but even they cannot trigger an endless decline of the U.S. dollar.

Key Rules for the Trading System:

  1. Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.
  2. False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.
  3. Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.
  4. Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.
  5. MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.
  6. Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.
  7. Stop Loss: Set a Stop Loss to breakeven after the price moves 15–20 pips in the desired direction.

Key Chart Elements:

Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders.

Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading.

MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals.

Important speeches and reports, which are consistently featured in the news calendar, can significantly influence the movement of a currency pair. Therefore, during their release, it is advisable to trade with caution or consider exiting the market to avoid potential sharp price reversals against the prior trend.

Beginners in the Forex market should understand that not every transaction will be profitable. Developing a clear trading strategy and practicing effective money management are crucial for achieving long-term success in trading.

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
Fundamental analysis
GBP/USD Overview – May 7: Trump Didn't Get a Call from China, Had to Back Down On Tuesday, while the euro remained stuck in a flat trend, the GBP/USD currency pair began a new upward move. The rally started on Monday, but during the U.S. session
Paolo Greco
03:35 2025-05-07 +02:00
1045
Fundamental analysis
EUR/USD Overview – May 7: The Fed Meeting Becomes the Dollar's New "Headache" The EUR/USD currency pair continued to trade strictly sideways on Tuesday. The broader flat market has now lasted for nearly a month, and in addition to that, the market seems
Paolo Greco
03:35 2025-05-07 +02:00
1075
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

GBP/USD Overview – May 7: Trump Didn't Get a Call from China, Had to Back Down

On Tuesday, while the euro remained stuck in a flat trend, the GBP/USD currency pair began a new upward move. The rally started on Monday, but during the U.S. session
Paolo Greco 03:35 2025-05-07 UTC+2

EUR/USD Overview – May 7: The Fed Meeting Becomes the Dollar's New "Headache"

The EUR/USD currency pair continued to trade strictly sideways on Tuesday. The broader flat market has now lasted for nearly a month, and in addition to that, the market seems
Paolo Greco 03:35 2025-05-07 UTC+2

Trade War as Part of Global Confrontation

Many may believe that the trade war initiated by Donald Trump is simply a tool to reduce the budget deficit and national debt. However, it becomes clear upon closer examination
Chin Zhao 01:06 2025-05-07 UTC+2

May FOMC Meeting: A Preview

We'll learn the results of the Federal Reserve's latest policy meeting on Wednesday. On one hand, it's a routine event with a predetermined outcome. On the other hand, the currency
Irina Manzenko 00:32 2025-05-07 UTC+2

The Euro Holds Its Ground

Trade wars matter more than politics. Friedrich Merz's proposal to revise Germany's fiscal brake rule laid the foundation for EUR/USD's upward trend. Theoretically, his failure to become chancellor should have
Marek Petkovich 00:32 2025-05-07 UTC+2

Australian Dollar Hits New Highs

The Australian dollar updated its five-month high against the USD at the start of the new week. NAB (National Australia Bank) revised several of its forecasts concerning the Australian economy
Kuvat Raharjo 00:32 2025-05-07 UTC+2

The Euro Ends Its Consolidation and Prepares to Rise Again

Inflation in the eurozone remained at 2.2% year-on-year in April, slightly above the expected decline to 2.1%. Meanwhile, core inflation rose from 2.4% to 2.7%, significantly exceeding the forecast
Kuvat Raharjo 19:08 2025-05-06 UTC+2

USD/JPY. Analysis and Forecast

The Japanese yen is attracting buyers following a recent decline, owing to its status as a safe-haven asset in times of uncertainty. The anticipated recovery of the yen is supported
Irina Yanina 18:47 2025-05-06 UTC+2

EUR/USD. Analysis and Forecast

The EUR/USD pair is struggling to establish a clear short-term direction, trading within a multi-day range as markets await decisive news from the upcoming FOMC meeting regarding the interest rate
Irina Yanina 11:05 2025-05-06 UTC+2

USD/CAD. Analysis and Forecast

Today, the USD/CAD pair remains positive within a familiar range, without showing strong buying momentum. The strengthening of the U.S. dollar following a two-day decline is attributed to the positive
Irina Yanina 11:03 2025-05-06 UTC+2

Top analytics

Relevance up to 20:00 2025-05-07 UTC--4
Trading Recommendations and Analysis for EUR/USD on May 7: The Market Remains Stagnant
03:35 2025-05-07
Trading plan
Relevance up to 20:00 2025-05-07 UTC--4
EUR/USD Overview – May 7: The Fed Meeting Becomes the Dollar's New "Headache"
03:35 2025-05-07
Fundamental analysis
Relevance up to 20:00 2025-05-07 UTC--4
GBP/USD Overview – May 7: Trump Didn't Get a Call from China, Had to Back Down
03:35 2025-05-07
Fundamental analysis
Relevance up to 20:00 2025-05-07 UTC--4
Trading Recommendations and Analysis for GBP/USD on May 7: The Pound Isn't Wasting Time
03:35 2025-05-07
Trading plan
Relevance up to 13:00 UTC--4
Trade War as Part of Global Confrontation
01:06 2025-05-07
Fundamental 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.