Plus a few tips to spice up your trading routine â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â [FBS&FCB&LCFC]( [Personal Area](
[Forex news and more]( Especially for you this week: 1. The Pin Bar strategy
2. Good trading habits
3. Weekly economic calendar
4. The BOJ doesnât Want to Help the Yen
5. Weekly outlook [What is a pin bar in trading?]( ARTICLE
What is a pin bar in trading?
If you were looking for the most reliable candlestick pattern in terms of price change prediction, todayâs article would come in handy. Our analyst Ekaterina Gorbatenko will explain all the aspects of the Pin Bar trading strategy.
The types of pin bars, strategy requirements, and rules for both long and short entries — all these are highlighted in the text. Also, what does it have to do with Pinocchioâs nose? Click the button below and find out! [Read now]( [Four pillars of trading]( VIDEO LESSON
Four pillars of trading
Just like any other field, trading has a few basic things that are absolutely essential. In todayâs video, an FBS analyst will guide you through the activities that simply canât be neglected.
Hit the button below and enjoy! [Watch now]( [Weekly Economic Calendar]( September 13, 15:30 MT time
USD Inflation Rate YoY
If the result is better than expected, the greenback will rise.
[Instruments to trade: USDCAD, EURUSD, USDJPY]( September 15, 14:00 MT time
BoE Interest Rate Decision
If the Bank of England is hawkish, the GBP will strengthen.
[Instruments to trade: GBPUSD, EURGBP, GBPCAD, GBPJPY.]( September 15, 15:30 MT time
US Retail Sales YoY
If the âactualâ is better than expected, the US dollar will go up.
[Instruments to trade: XAUUSD, EURUSD, USDCAD, USDCHF.]( [Check calendar]( * MetaTrader time (MT time) is the server time of the trading platform — MetaTrader. Itâs the same as GMT+3.
Check MT time at the top of the âMarket Watchâ window or on the time axis of the price chart with the 1-minute timeframe.
[tips] To see MT time in the mobile app, go to the âQuotesâ screen. For MetaTrader 5, itâs placed under a currency pair. For MetaTrader 4, in the âAdvancedâ section, above a currency pair. [tips] [FRESH ANALYTICS]( The BOJ doesnât Want to Help the Yen
Over the last year, the Yen was moving lower against the dollar mainly because of the overall USD strength. But thereâs more behind the weakness of the JPY, including the global economic downturn, monetary policy decisions, and the deflationary model of Japan. The currency lost 34.5% against the USD, moving from 107.63 to almost 145.00.
The reason is the Japanese monetary policy. In contrast to the US Federal Reserve, which has been hiking interest rates more aggressively to control inflation, the Bank of Japan (BOJ) has chosen a more dovish and loose policy after many years of deflation. Also, Japanese Prime Minister Fumio Kishida is considering printing more money to inject into the financial system.
Printing money is a standard measure to help the economy in the present, but itâll result in even higher inflation and possible recession in the future. If nothing changes, monetary measures from the BOJ will weaken the Yen further, pushing the USDJPY pair to the resistance of 150.00 over the following weeks. [Learn more]( Weekly outlook
[New video]( is out now!
September 13 - 16
Forex news coverage & trading tips [weekly]( [how-to-start] Go to [FBS website]( and learn how to start trading on Forex
[We love analytics. Do you?]( We love analytics. Do you? [icon] More tightening: The European Central Bank raised the interest rate by 75 basis points to 1.25% and hinted at future rate hikes. The euro experienced a short-term bounce. [icon] Rollercoaster in USDJPY: The pair rose to a two-decade high at 145.00 and then fell to 142.00. The Bank of Japan Governor Haruhiko Kuroda spoke about potential intervention to support the JPY. [icon] Time of changes: Liz Truss has become the new Prime Minister of the UK. Analysts believe that she will recharge the British economy and the GBP. In the meantime, the country is mourning Queen Elizabeth II, who passed away at the age of 96.
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