empty
15.08.2023 04:22 AM
What events may affect market sentiment on August 15? Overview of fundamental events for beginners

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
Summary
Urgency
Analytic
Stanislav Polyanskiy
Start trade
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

EUR/JPY. Analysis and Forecast

Today marks the fourth consecutive day of an uptrend in the EUR/JPY pair, which is also the sixth positive session in the past seven days. Spot prices have reached

Irina Yanina 11:58 2025-08-13 UTC+2

The Market Didn't Have Time to Get Scared

The worst was avoided. This was enough for the S&P 500 to hit a new record high — its 16th this year. U.S. inflation data for July did not signal

Marek Petkovich 09:57 2025-08-13 UTC+2

Fed Rate Cut and Breakthrough in the Ukraine Crisis to Benefit Financial Markets (Possible Bitcoin and #USDX Decline)

The inflation report published on Tuesday reinforced market participants' expectations that the U.S. central bank will cut interest rates at the September meeting, opening the way for continued growth

Pati Gani 09:44 2025-08-13 UTC+2

What to Pay Attention to on August 13? A Breakdown of Fundamental Events for Beginners

Only one macroeconomic release is scheduled for Wednesday — the second estimate of Germany's July inflation. In the EU, second estimates generally do not differ from the first, German inflation

Paolo Greco 06:58 2025-08-13 UTC+2

GBP/USD Overview – August 13: Waiting for Friday...

The GBP/USD currency pair once again traded rather sluggishly on Tuesday. In the morning, the UK released unemployment and wage data, but the figures were far too "bland." Essentially, only

Paolo Greco 03:49 2025-08-13 UTC+2

EUR/USD Overview – August 13: Trump and China Reached an Agreement — Again, Temporarily

The EUR/USD currency pair once again traded rather calmly. While the pair is not exactly stuck in place, volatility remains low. There is no clear sideways range at the moment

Paolo Greco 03:49 2025-08-13 UTC+2

Could there have been an "error" in the inflation report?

The latest U.S. inflation report, without false modesty, was striking. Despite the highest import tariffs in the United States in at least the last 50 years, inflation is barely accelerating

Chin Zhao 00:29 2025-08-13 UTC+2

Truce Reached, but No Trade Deal

On Tuesday, the dollar received its first piece of positive news in the past few weeks. The market has already forgotten that Donald Trump skillfully signed trade agreements with Japan

Chin Zhao 00:29 2025-08-13 UTC+2

EUR/USD. What Does the U.S. CPI Growth Report Indicate?

The U.S. CPI growth report reflected stagnation in headline inflation and an acceleration in core inflation. However, the release was interpreted against the dollar — the EUR/USD pair has once

Irina Manzenko 00:29 2025-08-13 UTC+2

The Dollar Breaks the Rules

To build something new, you first have to tear everything down. This is the principle Donald Trump is following in restructuring the international trade system. As a result, principles that

Marek Petkovich 00:29 2025-08-13 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.