empty
28.03.2025 07:26 AM
What to Pay Attention to on March 28? A Breakdown of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

This image is no longer relevant

A fair number of macroeconomic events are scheduled for Friday, but we believe they will likely trigger only a localized market reaction. The UK will publish Q4 GDP data in its third estimate and retail sales figures. Are these critical reports? Yes, they are. But yesterday, the market ignored the U.S. GDP report. In the Eurozone, the only notable release is Germany's inflation report. In the U.S., the focus will be on the PCE indices and the University of Michigan's consumer sentiment index. Each of these reports could spark a market response, but it's unlikely to be strong or affect the overall trend of the currency pairs throughout the day.

Analysis of Fundamental Events:

This image is no longer relevant

Among Friday's fundamental events, only the speeches from Federal Reserve officials Michael Barr and Raphael Bostic stand out. However, they are scheduled for late in the evening and will have no impact on the intraday movements of either currency pair. The market remains focused on news related to Donald Trump's tariffs. Nonetheless, the euro and the pound have tested nearby levels and bounced off them. We believe that a dollar rebound is possible and quite likely today. Both pairs have started a kind of corrective move.

General Conclusions:

On the fifth trading day of the week, both currency pairs could resume the declines that have been building up in recent weeks. Both pairs have settled below their ascending channels, and the Fed's position gives the dollar a chance to reclaim some of its unjustly lost ground. Again, Trump triggered a dollar drop yesterday, but this time, it was a decline—not a collapse like two weeks ago. At the moment, the British pound appears more inclined to consolidate than to enter a downward correction.

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
  • 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 June 30? A Breakdown of Fundamental Events for Beginners

There are only a few macroeconomic reports scheduled for Monday. Perhaps the most important is the final Q1 GDP report in the United Kingdom. Let us recall that the British

Paolo Greco 06:02 2025-06-30 UTC+2

GBP/USD Overview – June 30: Nonfarm Payrolls, Powell, and Unemployment

The GBP/USD currency pair rose by 300 pips over the past week and appears to be in no hurry to stop. Even on Friday, the price failed to initiate

Paolo Greco 03:37 2025-06-30 UTC+2

EUR/USD Overview – June 30: European Inflation and Another Round of Lagarde Speeches

The EUR/USD currency pair has been rising for five consecutive months. During this time, we've only seen a few minor downward corrections, each ending in another collapse of the U.S

Paolo Greco 03:37 2025-06-30 UTC+2

U.S. Dollar – Weekly Preview

The American news background will once again play a key role for the dollar and, therefore, for the market and the vast majority of instruments. This past week, only

Chin Zhao 00:34 2025-06-30 UTC+2

British Pound – Weekly Preview

The situation for the British pound in the market and news landscape is quite similar. For the pound, two rate cuts by the Bank of England in 2025 or zero

Chin Zhao 00:34 2025-06-30 UTC+2

Euro Currency – Weekly Preview

In the upcoming week, the euro is expected to maintain demand in the market. Currently, all events are aligning in its favor. I previously wrote that only the wave structure

Chin Zhao 00:33 2025-06-30 UTC+2

EUR/USD – Weekly Preview: ISM Indexes, Nonfarm Payrolls, Eurozone Inflation, and "One Big Beautiful Bill"

The upcoming week promises to be both interesting and informative while also being volatile. The economic calendar is packed with major releases that could trigger heightened volatility in the EUR/USD

Irina Manzenko 00:33 2025-06-30 UTC+2

The Yen Has Lost Its Bullish Momentum

The Consumer Price Index (CPI) in the Tokyo region declined in June from 3.4% to 3.1% year-over-year, marking the first signal so far that may indicate a slowdown in price

Kuvat Raharjo 12:21 2025-06-27 UTC+2

EUR/JPY. Analysis and Forecast

The EUR/JPY pair is regaining positive momentum during today's trading session, reversing its recent decline.The euro continues to benefit from the prevailing sentiment of selling the U.S. dollar

Irina Yanina 12:17 2025-06-27 UTC+2

Inflation in Canada Remains Too High – USD/CAD May Accelerate Its Decline

Inflation in Canada remains too high to expect a rate cut by the Bank of Canada at its upcoming meeting. In April, inflation sharply slowed to 1.7% y/y, and most

Kuvat Raharjo 11:16 2025-06-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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.