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10.03.2025 12:43 AM
What to Pay Attention to on March 10? A Breakdown of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

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Very few macroeconomic events are scheduled for Monday, and none of them are significant. The only noteworthy report is Germany's industrial production data, but it is unlikely to attract much attention. The market is focused entirely on statements and decisions made by Donald Trump, making other events less important. The U.S. dollar would not have fallen 460 pips against the euro this week if it weren't for the American president.

Analysis of Fundamental Events:

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While there are no major fundamental events on Monday, it doesn't mean it will be a "boring Monday." Trump is actively working. On Friday, he suggested that Canada should revise its border agreement from 1908 and claimed that the U.S.-Japan trade deal only benefits Japan. It is likely that he will continue to exert pressure on multiple countries, which may lead to further sell-offs of the U.S. dollar.

General Conclusions:

Both currency pairs may fluctuate in either direction at the start of the week, as the market is currently driven by emotions, with Trump being the primary catalyst. The euro and the pound may continue to rise simply because the overall market is focused on selling 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
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