Binolla

🇪🇺EUR/USD is under pressure together with the British pound. Gold is among the greatest gainers right now as XAU/USD aims to reach new highs. Fundamentals favor the USD growth for the upcoming hours and days, however, statistics this week may change the balance.

Read this technical analysis review to learn more about the current situation with the most popular assets. Find out more about financial market perspectives in the near term.

📊Key Events to Follow (October 21-25)

German manufacturing PMI will be among the key data releases to watch this week. Also, it is recommended to pay attention to the BoC meeting and US manufacturing PMI.

⭐️⭐️⭐️German Flash Manufacturing PMI. Economists expect the index to rise slightly from 40.6 to 40.7

⭐️⭐️⭐️BoC meeting. Investors expect the BoC to cut rates from 4.25% to 3.75%.

⭐️⭐️⭐️Flash Manufacturing PMI. The index is likely to rise from 47.3 to 47.5 according to experts.

📒Risk Management: Techniques and Tools

Managing risk is among the most important work every trader should conduct when trading. Even if you have reliable tactics, you still need to apply various risk management approaches in order to succeed. Remember, not a single strategy will give you 100% results. Therefore, working with risks becomes a very important aspect.

💲MetaTrader 5 offers a lot of opportunities for traders when it comes to charts. You can choose between three of the most popular types of price visualization. Moreover, the famous platforms allow you to conduct deep customization with a lot of settings available.

📒By reading this article, you will discover how to switch between different types of charts on the MT5 platform. Moreover, you will see how to customize charts and use templates.

🇪🇺The European Central Bank is expected to cut rates by 25 bps this Thursday as the inflation in the Eurozone dropped by 1.8% in September, which is below the ECB target of 2%. Canadian and New Zealand inflation data will also be in focus this week.


By reading this review, you will learn more about the upcoming events to focus on and our forecasts about the central banks’ decisions.

📊Key Events to Follow (October 14-18)

The US retail sales data will be in focus in the upcoming five days. Along with it, traders can look at CPI data in New Zealand and Canada, ECB meeting as well as focus on the UK inflation.

⭐️⭐️⭐️The US retail sales data. Retail sales are likely to hike in September and reach 0.3%.

⭐️⭐️⭐️The UK inflation. The UK inflation is expected to fall again to 1.9% from 2.2%.

⭐️⭐️⭐️The ECB meeting. The European Central Bank is likely to cut rates by 25 bps this week.

Dear Binolla Traders,

🇺🇸 Please note that on Monday, October 14, the US stock exchanges and banks will be closed for the Columbus Day.

All market participants in the US will be on holiday during this time. The liquidity may be lower and the volatility may be unpredictable.

👆 Currency pairs will only be available in OTC mode during this period.

👀Understanding Relationships Between Seemingly Unrelated Markets

Even those assets that may seem to have no interconnection can correlate in trading. By finding such assets, you can improve your trading results as they will allow you to better diversify your trading portfolio. Also, traders can better understand the connection between different economic factors which will help them make more informed decisions.

The intermarket analysis is a great opportunity for any trader to succeed. The Canadian dollar, for instance, depends on the oil price as Canada is among the major oil exporters. When it comes to interest rates, they can affect the bond market and various equities, including Forex currencies and stocks. Those traders who can read these connections can perform better in trading.

Even those markets that may seemingly have no connection with each other are still linked. The bond prices may affect various equities, while changes in currency quotes may have an impact on commodities. Those who understand these connections have better chances to succeed. Traders using correlations often make more informed decisions whether they apply short or long-term strategies when trading digital options or Forex CFDs.

📈Price action patterns are based on the perception of price and charts without applying any technical indicators. They allow traders to watch market movements and make informed decisions based on various setups. Price action is a very popular trading system that combines candlestick analysis with various shapes.

🧐Read our top 8 price action patterns guide to learn more about the most popular models that you will find on charts. Learn how to use these patterns in your everyday trading routine.

❓Will EUR/USD continue to plunge ❓

❓Do you wonder about the future GBP/USD price fluctuations ❓

❓What are the top gainers and losers this week ❓

👍Check our technical analysis review to see more.

📊Key Events to Follow (October 7-11)

The US inflation data and the FOMC meeting minutes will be among the top priorities to watch this week. Also, traders can pay attention to the RBNZ meeting and the Canadian labor market data.

⭐️⭐️⭐️The US inflation data. Yearly US inflation is expected to slow down again to 2.3% in September.

⭐️⭐️⭐️The FOMC meeting minutes. Watching the results of the FOMC meeting minutes is important as traders may receive guidelines for the upcoming Fed decisions.

⭐️⭐️⭐️The RBNZ meeting. The Reserve Bank New Zealand officials are likely to vote for a 50 bps rate cut on Wednesday.

🧐Trading indicators are widely used among traders. There are plenty of tools that help market participants build strategies and capitalize on price fluctuations. Finding the most interesting indicators may be difficult, but happily, our experts are here to help.

🔝Read our article about the top 7 digital options indicators and find out more about these popular technical analysis tools. Use them to build your own strategy and pave your way to successful trading.

〽️Trading with Uncommon Indicators to improve your results

While popular indicators like moving averages and RSI often take the spotlight, there are several lesser-known tools that can offer unique insights and enhance trading strategies digital options and FX traders can use. Exploring these uncommon technical indicators can help traders gain an edge by providing different perspectives on market trends, momentum, and potential reversals.