Kathy Lien
BK Asset Management
Octoberphobia? In this video, I discuss the top 4 seasonal patterns in stocks, gold and forex during the month of October. I also talk about the 3 main financial market stories to watch.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
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NZD/USD remains pressured toward 0.6100 after RBNZ's expected 50 bps rate cut
NZD/USD keeps losses toward 0.6100 after the Reserve Bank of New Zealand (RBNZ) policy decision. The RBNZ announced on Wednesday that it lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 5.25% to 4.75%, following the conclusion of the October policy meeting.
AUD/USD seems vulnerable near three-week low; FOMC minutes in focus
AUD/USD struggles near a three-week low touched on Tuesday amid the lack of confidence in China's stimulus plans intended to revive the economy. Furthermore, reduced bets for another oversized rate cut by the Fed keep the USD supported near a multi-week top and support prospects for deeper losses.
Gold price struggles to lure buyers amid smaller Fed rate cut bets
Gold price struggles to capitalize on the previous day's modest bounce from the vicinity of the $2,600 mark, during the Asian session on Wednesday. Traders have been scaling back their expectations for a more aggressive policy easing by the Fed, which continues to act as a tailwind for the USD and caps the upside for the non-yielding yellow metal.
Rising treasury yields attract Dollar interest
The Dollar Index has been on an upward trajectory since late September. Still, the currency market has been late in joining the move in US long-term bonds, where yields are rising following the Federal Reserve's decisive easing.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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