❓Will EUR/USD and GBP/USD manage to move higher❓

❓What are the key factors affecting currencies currently❓

❓What technical indicators suggest for future market movements❓

🧐Learn more from our weekly technical review

📊Key Events to Follow (September 9-13)

The US yearly inflation data will be the main event to focus on this week. Additionally, it is worth looking at the results of the ECB meeting and the UK monthly GDP data.

⭐️⭐️⭐️The US CPI y/y. The US yearly inflation is expected to slow down from 2.9% to 2.6% in August.

⭐️⭐️⭐️The UK GDP m/m. The UK economy is expected to show a 0.2% monthly growth.

⭐️⭐️⭐️The ECB meeting. The European Central Bank is expected to cut rates by 60 bps on Thursday.

🎯The Importance of Setting Realistic Trading Goals

Being realistic about your trading goals is one of the most important things you can do to improve your trading results. While trading may be potentially profitable, not being able to understand how much you can earn in perspective may bring you down. A lot of newcomers come to financial markets without understanding their goals and dreaming about millions of dollars in a matter of days. Here are some recommendations about how to set realistic goals properly.

⚡️With well-defined goals you can better plan your trades and maintain discipline. Unrealistic goals, in turn, lead to frustration. If you know how much you can earn over time, you will be able to focus on this and stick to your strategy. Moreover, this approach will allow you to stay objective about your trading routines.

👆Those who have realistic goals can be better at risk management. You will be able to allocate your funds the way to avoid excessive risks and move towards your goal consistently. Along with protecting your investments, you will be able to develop a sustainable trading practice. In general, setting realistic goals is not only about outlining the amount you want to receive over time but also about building a foundation for future success.

📉Adding an indicator to the Binolla Chart

The Binolla platform allows traders to use more than 20 indicators of different types. The trading platform offers a great interface allowing traders to easily find all its features. By watching this video, you will find out how to add, adjust, and remove technical indicators on the Binolla platform. Briefly, you can do it the following way:

👍Go to the tools section;

👍Choose from Trend or Oscillator categories;

👍Click on the indicator you want to add;

👍Adjust its setting.

Watch this and other useful videos in our YouTube Channel

📆This Friday, the US labor market data will be released, providing crucial insights ahead of the FOMC meeting, where many expect a potential rate cut by the Fed. Meanwhile, the Bank of Canada is also in focus, with another interest rate cut expected this week, setting the stage for further easing in 2025. Across the globe, the Australian GDP data, forecasted to show signs of economic stagnation, is drawing attention as the RBA prepares to address the economic outlook.

👀Keep an eye on these key updates with our weekly fundamental review, as they are likely to impact global markets and shape trading opportunities!

📊Key Events to Follow (September 2 - 6)

The US labor market data will be the news headliner this week. Apart from that, traders can focus on the BoC meeting and Canadian employment data.

⭐️⭐️⭐️Non-Farm Employment Change. Economists expect the number of new jobs to reach 164,000.

⭐️⭐️⭐️The BoC meeting. The voting members are likely to vote for a 25 bps interest rate cut on Wednesday.

⭐️⭐️⭐️The Canadian monthly unemployment rate. Experts expect the unemployment rate in Canada to increase to 6.5% in August.

📈Find out more about the key Fibonacci levels

❓Learn how to use Fibonacci retracement in everyday trading sessions

💰Empower your trading with some basic Fibonacci strategies

📙Read our Fibonacci retracement guide in the Binolla blog

📊Key Events to Follow (June 10-14)

The FOMC meeting is among the most anticipated events this week. While the Fed is unlikely to cut rates, the forward guidance by the FOMC members may be of particular importance. Other key events this week include US CPI and Australian unemployment data.

⭐️⭐️⭐️The FOMC meeting. Economists expect the Fed to leave the rates unchanged at 5.50%.

⭐️⭐️⭐️The US CPI m/m. According to forecasts, the US monthly inflation is likely to reach 1.0%.

⭐️⭐️⭐️Australian unemployment data. The unemployment rate in Australia is likely to decrease by 0.1%.