empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
Crypto-currencies
Trading tips for crypto market on May 20 (North American session) Bitcoin and Ether performed well today in terms of buying following a pause in yesterday's bear market. Demand has returned to the cryptocurrency market, especially after geopolitical tensions eased somewhat
Miroslaw Bawulski
16:20 2025-06-20 +02:00
1075
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session) Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data
Jakub Novak
15:49 2025-06-20 +02:00
1360
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

AUD/JPY. Analysis and Forecast

The AUD/JPY pair is regaining positive momentum after a modest pullback the previous day. However, spot prices remain confined within a multi-day range due to mixed fundamental signals, trading near
Irina Yanina 14:39 2025-06-20 UTC+2

USD/CHF: The Pair Struggles to Gain Momentum Amid Conflicting Forces

At present, USD/CHF shows no clear intraday direction and fluctuates within a narrow range just above the 0.8155 level, reflecting market uncertainty during the European session. The Swiss franc
Irina Yanina 14:36 2025-06-20 UTC+2

The Euro Will Retain Its Strength and Investor Interest

During her speech, IMF Managing Director Kristalina Georgieva stated that she sees the potential for the euro to play a broader role globally.Her remarks came amid growing geopolitical instability
Jakub Novak 11:25 2025-06-20 UTC+2

Euro Slightly Rises After Lagarde's Speech

The euro saw a modest recovery after European Central Bank President Christine Lagarde stated that expanding trade within the region could help offset losses resulting from global fragmentation. Her optimistic
Jakub Novak 11:10 2025-06-20 UTC+2

Donald Trump – A Mastermind of Geopolitical Uncertainty (A Potential Correction in Oil and Gold Prices)

Six months into Donald Trump's presidency, it seems he has already thoroughly exhausted the world with his "brilliant" initiatives, groundbreaking actions aimed at making America great again, and his vivid
Pati Gani 09:49 2025-06-20 UTC+2

The Market Tries to Extinguish the Fire

Markets are digesting Donald Trump's announcement that a decision on U.S. strikes against Iran will be made within two weeks. The White House could have acted at any moment
Marek Petkovich 09:01 2025-06-20 UTC+2

What to Pay Attention to on June 20? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic reports scheduled for Friday. The only report of the day will be the UK retail sales report. No economic data will be released today
Paolo Greco 07:45 2025-06-20 UTC+2

GBP/USD Overview – June 20: The Bank of England Didn't Surprise

The GBP/USD currency pair traded relatively calmly on Thursday, given the fundamental backdrop available to the market. On Wednesday evening, the Federal Reserve announced the results of its latest meeting
Paolo Greco 07:16 2025-06-20 UTC+2

EUR/USD Overview – June 20: Summing Up the Fed Meeting

The EUR/USD currency pair traded relatively calmly on Wednesday and Thursday. Recall that the results of the latest 2025 Federal Reserve meeting were announced on Wednesday evening, but we didn't
Paolo Greco 07:16 2025-06-20 UTC+2

USD/JPY. Analysis and Forecast

The Japanese yen is showing weakness against the stronger U.S. dollar, with the USD/JPY pair reaching a new monthly high. This rise in the dollar against the yen is mainly
Irina Yanina 20:12 2025-06-19 UTC+2

Top analytics

Relevance up to 03:00 2025-06-21 UTC--5
Forecast for EUR/USD on June 20, 2025
11:43 2025-06-20
Technical analysis
Relevance up to 19:00 2025-06-20 UTC--5
EUR/USD Overview – June 20: Summing Up the Fed Meeting
07:16 2025-06-20
Fundamental analysis
Relevance up to 21:00 2025-06-20 UTC--5
GBP/USD Forecast for June 20, 2025
07:16 2025-06-20
Technical analysis
Relevance up to 23:00 2025-06-20 UTC--5
How to Trade the EUR/USD Pair on June 20? Simple Tips and Trade Analysis for Beginners
07:16 2025-06-20
Trading plan
Relevance up to 21:00 2025-06-20 UTC--5
EUR/USD Forecast for June 20, 2025
07:16 2025-06-20
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.