Kathy Lien
BK Asset Management
Here's your daily 60 seconds trading tip.
If you want to become a better day trader or swing trader, think about how much you are willing to lose. Trading tips from real traders.
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.
Editors’ Picks
EUR/USD trims gains, back below 1.1300
EUR/USD gained bullish traction on Monday, climbing above the 1.1300 mark as the US Dollar came under sustained selling pressure. The move followed Moody’s downgrade of the US sovereign credit rating, which added to the pair’s upside momentum.
GBP/USD sticks to daily gains around 1.3360
GBP/USD extended its rally on Monday, briefly surpassing the 1.3400 mark on the back of renewed weakness in the Greenback, which was particulalry exacerbated following Moody’s decision to downgrade the US credit rating by one notch.
USD/JPY tumbles below 145.00 as Moody’s downgrade weighs on the US Dollar
Japanese Yen extends winning streak to five consecutive days against the US Dollar amid risk-off flows. Moody’s cuts US credit rating, weighing heavily in the US Dollar with the DXY index heading to 100.00. BoJ signals more rate hikes if recovery stays on track.
Editors’ Picks
EUR/USD trims gains, back below 1.1300
EUR/USD gained bullish traction on Monday, climbing above the 1.1300 mark as the US Dollar came under sustained selling pressure. The move followed Moody’s downgrade of the US sovereign credit rating, which added to the pair’s upside momentum.
GBP/USD sticks to daily gains around 1.3360
GBP/USD extended its rally on Monday, briefly surpassing the 1.3400 mark on the back of renewed weakness in the Greenback, which was particulalry exacerbated following Moody’s decision to downgrade the US credit rating by one notch.
Gold meets daily resistance around $3,250
Gold regained momentum on Monday, climbing toward the $3,250 mark per troy ounce in response to a cautious market tone. In fact, investors sought safe-haven assets in response to Moody’s downgrade of the US government’s credit rating and renewed trade concerns.
Stock futures contract after Moody's US debt downgrade Premium
US stocks opened on a sour note on Monday following the fallout late Friday when the Moody's credit rating agency lowered its outlook on US debt from Aaa to Aa1. Moody's had already had the US government on watch for a year and half, so the actual downgrade shouldn't have surprised investors too much.
China April slowdown shows the impact of economic uncertainty
Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.
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