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
21.03.2025 07:06 AM
What to Pay Attention to on March 21? A Breakdown of Fundamental Events for Beginners
Open trading account Open demo account

Analysis of Macroeconomic Reports:

This image is no longer relevant

There are no scheduled macroeconomic events for Friday. The euro and the pound have finally declined against the U.S. dollar. The Federal Reserve has done its part to calm the markets, stating that there is no sign of a recession and that it has no intention of accelerating rate cuts. Moreover, inflation may accelerate in the near term due to Donald Trump's tariff policy and increased economic uncertainty. These two points indicate that the Fed will not rush into monetary policy easing. As a result, the dollar has finally received some genuine support and can now strengthen at least slightly.

Analysis of Fundamental Events:

This image is no longer relevant

There is nothing noteworthy on the fundamental calendar for Friday either. Yesterday, the Bank of England adopted a "pro-hawkish" stance, so the British pound is falling reluctantly. Still, even the pound may continue its decline since no corrections have occurred in recent weeks. The Fed also maintained a hawkish tone, so the U.S. dollar has reason to strengthen. Additionally, the pound has broken below its ascending channel, just like the euro.

General Conclusions:

On the week's final trading day, both currency pairs (EUR/USD and GBP/USD) could continue their long-anticipated decline. Both have broken below their ascending channels, and the Fed's policy stance allows the dollar to recover some of its unjustly lost ground. Of course, no one knows when Trump might announce new trade tariffs, but such actions cannot keep triggering a dollar sell-off indefinitely.

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
Forecast
Intraday Strategies for Beginner Traders on May 8 The Euro and Pound Fall After the Federal Reserve Leaves Rates Unchanged The euro and the pound declined after the U.S. Federal Reserve decided to leave interest rates unchanged. However
Miroslaw Bawulski
06:05 2025-05-08 +02:00
1120
Fundamental analysis
What to Pay Attention to on May 8? A Breakdown of Fundamental Events for Beginners Very few macroeconomic events are scheduled for Thursday, and none are significant. Germany will release its industrial production report for March, and the U.S. will publish weekly jobless claims. These
Paolo Greco
06:05 2025-05-08 +02:00
1120
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 May 8? A Breakdown of Fundamental Events for Beginners

Very few macroeconomic events are scheduled for Thursday, and none are significant. Germany will release its industrial production report for March, and the U.S. will publish weekly jobless claims. These
Paolo Greco 06:05 2025-05-08 UTC+2

GBP/USD Overview – May 8: The Tesla Crisis as the Apex of Trump's Policy

The GBP/USD currency pair traded relatively calmly for most of Wednesday despite the evening FOMC meeting. As per our usual approach, we won't be analyzing the results of that meeting
Paolo Greco 03:39 2025-05-08 UTC+2

EUR/USD Overview – May 8: A First Step Toward De-escalation?

The EUR/USD currency pair continued to trade sideways for most of Wednesday. There was a minor upward movement, but as a reminder, the pair has now been range-bound for three
Paolo Greco 03:39 2025-05-08 UTC+2

EUR/USD: Awaiting the Geneva Meeting

The EUR/USD pair continues to trade within a narrow price range ahead of announcing the Federal Reserve's May meeting results. Although the outcome is largely predetermined (the central bank
Irina Manzenko 00:47 2025-05-08 UTC+2

The Dollar Initiates Talks

Can the Fed Take the Spotlight? Or will the White House's tariff policy continue to overshadow the central bank's actions? The upcoming FOMC meeting and the start of U.S.–China negotiations
Marek Petkovich 00:47 2025-05-08 UTC+2

Commodity Currencies Decline Ahead of FOMC Meeting: NZD/USD Overview

The labor market report from New Zealand, published on Wednesday, is the last major release before the RBNZ meeting at the end of May. Notably, instead of clarifying the outlook
Kuvat Raharjo 00:47 2025-05-08 UTC+2

The Fed to Hold Rates Despite Pressure

The euro and the pound remain range-bound ahead of a key meeting of the U.S. Federal Reserve, where officials are expected to leave interest rates unchanged as they await clarity
Jakub Novak 19:49 2025-05-07 UTC+2

USD/JPY. Analysis and Forecast

Today, the Japanese yen reached a new daily low, which contributed to the rise of the USD/JPY pair to nearly the 143.50 level. This increase is driven by positive global
Irina Yanina 19:33 2025-05-07 UTC+2

NZD/USD. Analysis and Forecast

The NZD/USD pair is pulling back from a more than two-week high in the 0.6025–0.6030 level. Currently, the quotes have fallen below the psychological level of 0.6000, signaling a pause
Irina Yanina 19:31 2025-05-07 UTC+2

U.S. Trade Deficit Hits Record High in March

The euro responded with an increase following the news that the U.S. trade deficit rose to a record level in March this year, as companies rushed to import goods, including
Jakub Novak 10:48 2025-05-07 UTC+2

Top analytics

Relevance up to 20:00 2025-05-08 UTC--4
Trading Recommendations and Analysis for GBP/USD on May 8: The Pound Sees No Reason to Panic
04:19 2025-05-08
Trading plan
Relevance up to 22:00 2025-05-08 UTC--4
EUR/USD Forecast for May 8, 2025
05:09 2025-05-08
Technical analysis
Relevance up to 22:00 2025-05-08 UTC--4
GBP/USD Forecast for May 8, 2025
05:09 2025-05-08
Technical analysis
Relevance up to 20:00 2025-05-08 UTC--4
EUR/USD Overview – May 8: A First Step Toward De-escalation?
03:39 2025-05-08
Fundamental analysis
Relevance up to 20:00 2025-05-08 UTC--4
Trading Recommendations and Analysis for EUR/USD on May 8: All the Excitement Is Behind Us
04:18 2025-05-08
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.