empty
14.01.2025 08:08 AM
What to Pay Attention to on January 14? A Breakdown of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

This image is no longer relevant

The macroeconomic calendar for Tuesday is quite sparse. The only report of interest is the Producer Price Index (PPI) in the U.S., which is expected to have minimal significance for traders. This is primarily because the December inflation report will be released on Wednesday, which will greatly influence the short-term prospects of the dollar. It's important to note that the Federal Reserve's monetary policy is the main driver of the U.S. dollar, and inflation has the most substantial impact on policy decisions.

Analysis of Fundamental Events:

This image is no longer relevant

Among the scheduled events, there are notable speeches from European Central Bank Chief Economist Philip Lane, Bank of England's Sarah Breeden, and Fed representatives Roger Schmidt and John Williams. However, none of these speeches are currently considered critical to the market.

On Monday, several representatives from the ECB spoke, but they did not provide any groundbreaking insights. Some supported continued monetary easing, while others expressed concerns about potential inflation growth. Nevertheless, no significant declarations were made. Regarding the Fed representatives, substantial comments are anticipated following Wednesday's inflation report, which will reveal December's inflation figures.

General Conclusions:

On the second trading day of the week, traders can expect calm and measured movements from both currency pairs. However, Monday's activity demonstrated that the market is highly responsive and does not require major data releases to generate trading activity. Since no major events are scheduled for today, trading decisions should be guided by technical signals.

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 Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals.

Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success.

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

Fresh news on gas market situation

The gas market is experiencing significant and steady growth, which is not surprising given recent events. According to recent reports, after the outgoing Biden administration introduced several sanctions against Gazprom

Miroslaw Bawulski 13:37 2025-01-17 UTC+2

USD/JPY: Analysis and Forecast

The Japanese yen is declining, giving up part of its strong weekly gains against the US dollar. The ceasefire agreement between Israel and Hamas, along with a positive sentiment

Irina Yanina 11:35 2025-01-17 UTC+2

EUR/JPY: Analysis and Forecast

Today, the EUR/JPY pair is attempting to attract buyers, trading slightly above the psychological level of 160.00. However, this rise lacks bullish conviction due to divergent monetary policy outlooks between

Irina Yanina 11:32 2025-01-17 UTC+2

Bitcoin Kicks Off the Party

Bitcoin looks poised for a celebratory rally ahead of Donald Trump's inauguration, as the president-elect has pledged to make America the global hub for cryptocurrency. Insider reports from Bloomberg indicate

Marek Petkovich 08:20 2025-01-17 UTC+2

What to Pay Attention to on January 17? A Breakdown of Fundamental Events for Beginners

Numerous macroeconomic events are scheduled for Friday, but none are particularly significant. Currently, both currency pairs are experiencing relatively high volatility, indicating that the macroeconomic backdrop is not the main

Paolo Greco 06:51 2025-01-17 UTC+2

Overview of the GBP/USD Pair on January 17: Sterling's Brief Rise. Inflation Offered No Help

The GBP/USD currency pair continued its decline on Thursday. Similar to the euro, the downward trend effectively began on Wednesday evening and persisted through Thursday. However, unlike the euro

Paolo Greco 05:38 2025-01-17 UTC+2

Overview of the EUR/USD Pair on January 17: Another Corrective Phase Completed, Heading Toward Parity

The EUR/USD currency pair resumed its downward trend on Thursday, breaking below the moving average line once again. The decline actually began on Wednesday evening. It's worth noting that after

Paolo Greco 05:38 2025-01-17 UTC+2

EUR/USD: Trapped in a Sideways Trend

The pair remains range-bound, moving in a confined price corridor. Buyers are struggling to establish a firm position at the 1.03 level, while sellers are unable to drive the pair

Irina Manzenko 23:46 2025-01-16 UTC+2

EUR proves its malaise

Wishing for success but held back by weaknesses—a slowdown in core US inflation in December to 0.2% MoM triggered a massive risk rally. Stocks posted their strongest performance since

Marek Petkovich 14:15 2025-01-16 UTC+2

USD/CAD: The Pair Finds Support from Multiple Factors

The USD/CAD pair is showing positive momentum today, rebounding from the 1.4300 level—a level near the weekly low—and continuing its intraday upward movement during the first half of the European

Irina Yanina 12:40 2025-01-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback