empty
10.02.2025 08:32 AM
What to Watch on February 10th? Fundamental Events Breakdown for Beginners

Macroeconomic Report Analysis:

This image is no longer relevant

There are no major macroeconomic events scheduled for Monday. As a result, low volatility and a "boring Monday" are likely—something we haven't seen on the market for quite some time. We believe that the upward correction for both EUR and GBP is not yet complete.

On the daily timeframe, this correction still appears weak. Thus, the euro and pound may continue to lean toward moderate growth for the next few weeks, but it is unlikely to be strong or sustained.

Fundamental Event Analysis:

This image is no longer relevant

The only notable fundamental event on Monday is a speech by ECB President Christine Lagarde. However, the ECB's most recent meeting took place very recently, making it unlikely that Lagarde will provide any new insights that could surprise the markets. For ECB officials to change their monetary policy outlook, they would need new economic data reflecting a shift in economic trends. No significant reports have been published recently, and the current economic trends and the ECB's policy stance remain clear.

General Conclusions:

On the first trading day of the week, market movements could be unpredictable but are likely to be weak. On Friday, the market showed reluctance to buy the dollar under current conditions. With the global trend being bearish and the medium-term trend also bearish, the market is likely still in a correction phase, with traders accumulating short positions. We anticipate another strong wave of dollar appreciation, but it may take some time to materialize.

Basic Trading System Rules:

  1. Signal strength depends on the time required for formation (rebound or breakout). The less time needed, the stronger the signal.
  2. If two or more false signals occur at a level, subsequent signals from that level should be ignored.
  3. During a ranging market, signals may be unreliable. If a flat pattern emerges, it's best to stop trading.
  4. Trades should be executed between the start of the European session and the middle of the U.S. session. All positions should be closed manually afterward.
  5. On the hourly chart, MACD signals should only be used when volatility is high and there is a confirmed trend (supported by a trendline or channel).
  6. If two levels are close to each other (5–20 points apart), they should be treated as a single support/resistance zone.
  7. When the price moves 15–20 points in the expected direction, place the Stop Loss at breakeven.

Chart Explanations:

  • Support & Resistance Levels – Key price levels that act as trade entry/exit points. Take Profit orders can be placed near these levels.
  • Trendlines & Channels – (Red lines) Indicate the current market trend, helping traders determine trade direction.
  • MACD (14,22,3) – A momentum indicator that can provide additional trading signals.

Important speeches and reports (always included in the news calendar) can greatly influence the movement of a currency pair. Therefore, during their exit, you should trade as carefully as possible or exit the market in order to avoid a sharp price reversal against the previous movement.

Those who start trading on the forex market should remember that every trade cannot be profitable. Developing a clear strategy and money management are 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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

A New Problem Rises for America – The Debt Ceiling (Expecting #SPX and #NDX to Resume Their Decline After a Likely Short-Term Recovery)

The confrontation between the U.S. and the EU has entered a new phase. The U.S. president is taking a hardline approach toward Europe, effectively following a "tit for tat" strategy

Pati Gani 14:06 2025-03-14 UTC+2

USD/JPY: Analysis and Forecast

The Japanese yen is losing ground today. Positive news on U.S.-Canada trade negotiations and reports that Democrats have secured enough votes to prevent a U.S. government shutdown are improving global

Irina Yanina 13:33 2025-03-14 UTC+2

XAU/USD: Analysis and Forecast

Gold is consolidating after reaching a new all-time high. Concerns over U.S. President Donald Trump's aggressive trade policy and its impact on the global economy continue to drive demand

Irina Yanina 10:08 2025-03-14 UTC+2

What to Pay Attention to on March 14? A Breakdown of Fundamental Events for Beginners

There are few macroeconomic events scheduled for Friday, and none of them are significant. The UK will release reports on GDP and industrial production, but strong figures are not expected

Paolo Greco 07:05 2025-03-14 UTC+2

GBP/USD Pair Overview – March 14: The Last Day of the Week as a Mere Formality

On Thursday, the GBP/USD currency pair also began a slight downward correction. While the pound did not depreciate significantly, explaining why it rose for two weeks is difficult. Of course

Paolo Greco 02:39 2025-03-14 UTC+2

EUR/USD Pair Overview – March 14: Maybe That's Enough?

The EUR/USD currency pair finally began to decline on Thursday, but once again, this movement was not linked to macroeconomic factors or fundamental events. It wasn't even related to Donald

Paolo Greco 02:39 2025-03-14 UTC+2

EUR/USD: A Southern Impulse That Should Not Be Trusted

On Thursday, the EUR/USD pair reached a three-day low of 1.0823 but did not break into the 1.07 range, as the downward momentum gradually faded. The EUR/USD pair is currently

Irina Manzenko 23:55 2025-03-13 UTC+2

Euro Faces a Potential Coup d'Etat

The Green Party responded to Friedrich Merz's call for a coalition between the CDU and the Social Democrats, aimed at abolishing the fiscal brake, with a strong rebuttal: "We don't

Marek Petkovich 23:45 2025-03-13 UTC+2

U.S. Inflation Brings Relief to the Fed but Not to the Markets

The euro and pound showed little reaction to news that consumer prices in the U.S. grew at their slowest pace in four months in February—a welcome sign for American households

Jakub Novak 11:14 2025-03-13 UTC+2

Euro Faces Some Challenges

The European currency has encountered some difficulties in its upward movement following yesterday's speech by the European Central Bank (ECB) President. "The eurozone economy is facing exceptional shocks caused

Jakub Novak 10:39 2025-03-13 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.