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Fundamental analysis

10.12.202508:07 Forex Analysis & Reviews: What to Pay Attention to on December 10? Analysis of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

No macroeconomic reports are scheduled for Wednesday. Thus, throughout the day, traders will have nothing to react to. Only late in the evening will the FOMC meeting results be announced, which will certainly provoke a storm of emotions in the market and significant volatility.

Analysis of Fundamental Events:

Several fundamental events are scheduled for Wednesday. Of course, the FOMC meeting stands out as the only event of the day, broken into several parts. The decision on the interest rate can be considered already made – a 0.25% decrease. However, in addition to the rate, traders will learn about the FOMC's plans for 2026 – the "dot plot" will be published, reflecting each member of the Monetary Committee's expectations. Additionally, there will be a speech by FOMC Chairman Jerome Powell, who may also hint at future decisions of the central bank in his address. In the European Union, European Central Bank President Christine Lagarde will also give a speech, which is unlikely to interest anyone at this time (especially today), as there are still no questions regarding monetary policy with the ECB. In any case, the FOMC is likely focused solely on lowering the key interest rate, while the ECB may even consider raising it next year. The dollar's situation remains unfavorable under any circumstances this evening.

General Conclusions:

Throughout the third trading day of the week, both currency pairs are likely to lean towards growth, as both continue to form an upward trend. The euro is trading in the range of 1.1655-1.1666. The British pound has a range of 1.3319-1.3331. Volatility on Wednesday may again be low throughout the day, but traders can expect a "storm" in the evening.

Key Rules of the Trading System:

1. The strength of a signal is determined by the time it takes to form the signal (bounce or breakout). The less time it takes, the stronger the signal.
2. If two or more trades were opened near a certain level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair can form a multitude of false signals or none at all. At the first signs of a flat, it is better to stop trading.
4. Trades are opened during the time between the start of the European session and mid-American session, after which all trades should be closed manually.
5. On the hourly timeframe, using signals from the MACD indicator, it is preferable to trade only when good volatility exists, and a trend is confirmed by a trend line or channel.
6. If two levels are too close to each other (5 to 20 pips), they should be viewed as an area of support or resistance.
7. After moving 15-20 pips in the right direction, a Stop Loss should be set to breakeven.

Chart Explanations:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction to trade.
• MACD Indicator (14, 22, 3): A histogram and signal line, a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is crucial to understand that not every trade can be profitable. Developing a clear strategy and implementing sound money management are keys to successful long-term trading.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Paolo Greco,
Analytical expert of InstaSpot
© 2007-2025

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