empty
23.06.2025 06:51 AM
What to Pay Attention to on June 23? A Breakdown of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

This image is no longer relevant

A significant number of macroeconomic reports are set for Monday, though they share a similar nature. Business activity indices for June's services and manufacturing sectors will be released in Germany, the United Kingdom, the Eurozone, and the United States. No significant changes are expected in these indices, but it is worth noting that any deviation from forecasts could occur, and the market will react precisely to such deviations. The U.S. indices will carry less weight than the European ones, as the U.S. publishes its own "domestic" ISM indices.

Analysis of Fundamental Events:

This image is no longer relevant

On Monday, key events include speeches by Federal Reserve Monetary Policy Committee members Michelle Bowman and Christopher Waller, as well as a speech by European Central Bank President Christine Lagarde. However, since the Fed meeting was held this week, it is unlikely that Bowman and Waller will share any new or significant information with the market. Lagarde spoke on Friday but did not comment on monetary policy or the outlook for the key interest rate.

The most significant factor for the market remains the ongoing trade war, which has shown no signs of resolution yet. Other important themes include mass riots in the U.S., Trump's "One Big Beautiful Bill," the presence or absence of progress in trade negotiations with 75 countries, new tariffs, and increases in existing tariffs. The dollar could have counted on support from the Israel-Iran standoff, in which the U.S. is directly involved, but we believe the dollar has already exhausted the benefits of this event.

Conclusions:

On the first trading day of the new week, both currency pairs may trade sluggishly as the macroeconomic releases will not be significantly important. However, there will be many reports, and new information from the White House may arrive over the weekend. Unless any surprises occur, we would expect a renewed rise in the euro and the pound.

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
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

USD/JPY. Analysis and Forecast

At this stage, the Japanese yen has paused its decline against the US dollar. However, further strengthening of the yen in the near term appears unlikely. The key factors influencing

Irina Yanina 20:47 2025-07-16 UTC+2

AUD/JPY. Analysis and Forecast

On Wednesday, the AUD/JPY pair is attracting buyers, even though the Japanese yen remains relatively weak due to domestic political uncertainty. Moreover, according to polls, Japan's ruling coalition—the Liberal Democratic

Irina Yanina 13:04 2025-07-16 UTC+2

GBP/USD: Analysis and Forecast

Today, the GBP/USD pair is attempting to regain positive momentum and rise above the key psychological level of 1.3400, aiming to break a multi-day losing streak. However, spot prices remain

Irina Yanina 12:51 2025-07-16 UTC+2

The EU Needs a Deal with the US—But Not at Any Cost

The euro continues to weaken against the US dollar, even though some European politicians are no longer as soft in their statements as they once were. In an interview, Bundesbank

Jakub Novak 12:46 2025-07-16 UTC+2

Trump Prepares Tariffs on Semiconductors and Pharmaceuticals

Yesterday, the U.S. stock market declined, while the U.S. dollar strengthened further following President Donald Trump's announcement that he plans to impose tariffs on pharmaceutical products and semiconductors

Jakub Novak 12:33 2025-07-16 UTC+2

Trump's Policy Supports the Dollar (EUR/USD and GBP/USD May Resume Their Decline)

The U.S. consumer inflation report released yesterday showed that Donald Trump's policy to "make America great again" is, for now, mainly making life in America more expensive. According

Pati Gani 09:51 2025-07-16 UTC+2

The Market Failed to Hold Its Peak

Markets have started selling the news. Combined with the impact of tariffs showing up in U.S. inflation data, this prevented the S&P 500 from holding at its record high

Marek Petkovich 09:51 2025-07-16 UTC+2

U.S. Inflation Puts Pressure on the Fed

The U.S. dollar rose yesterday against a number of risk assets, despite core inflation in June rising less than expected. Inflation has been increasing for the fifth consecutive month

Jakub Novak 09:24 2025-07-16 UTC+2

What to Pay Attention to on July 16? A Breakdown of Fundamental Events for Beginners

Several macroeconomic releases are scheduled for Wednesday. The most important report is the UK inflation data, which will be published within the hour. While we do not believe this report

Paolo Greco 07:30 2025-07-16 UTC+2

GBP/USD Overview – July 16. "The Devil Is Not as Scary as He Is Painted"

The GBP/USD currency pair has been in a downtrend for the past few weeks, raising some questions. Yes, if we switch to the daily (24-hour) timeframe, the current strong downward

Paolo Greco 04:22 2025-07-16 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.