Boris Schlossberg
BK Asset Management
Discover the exciting world of prop trading with our ultimate guide. Learn why it's taken the retail trading world by storm, how to get started easily, and the benefits of limited risk.
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 looked under pressure and approached 1.1000
EUR/USD navigated with modest losses and traded at shouting distance from the key support at 1.1000 the figure amidst a vacillating mood in the Greenback prior to the publication of US inflation readings.
GBP/USD extends decline toward 1.3050
GBP/USD stays on the back foot and declines toward 1.3050 in the American session. Following a short lasting recovery attempt on UK employment data earlier in the day, the pair finds it difficult to holds its ground amid cautious market mood.
USD/JPY stalls upside near 143.50, as risk sentiment sours
USD/JPY turns south toward 143.00 early Tuesday, having faced rejection near 143.50. The pair is weighed down by the renewed haven demand for the Japanese Yen, as China's slowdown woes temper risk sentiment. The downside, however, could be capped by the US Dollar recovery.
Editors’ Picks
AUD/USD keeps the positive outlook above 0.6615
AUD/USD traded in an inconclusive fashion in line with the broader sentiment in the FX galaxy, hovering around the 0.6660 zone as investors got ready for the release of US CPI data on Wednesday.
EUR/USD looked under pressure and approached 1.1000
EUR/USD navigated with modest losses and traded at shouting distance from the key support at 1.1000 the figure amidst a vacillating mood in the Greenback prior to the publication of US inflation readings.
Gold holds modest intraday gains above $2,510
Gold struggles to build on Monday's gains but manages to hold near $2,500 on Tuesday. Investors refrain from taking large positions ahead of Wednesday's highly-anticipated US inflation data for August, limiting XAU/USD's volatility.
XRP could benefit from Ripple stablecoin, according to a crypto analyst on X.com
Ripple (XRP) recently announced the launch of its stablecoin project, Ripple USD (RLUSD). In an interview at Korea Blockchain Week in the first week of September, CEO Brad Garlinghouse said that the asset’s launch is weeks away.
Five Fundamentals for the week: Jittery markets fear the ECB, US inflation and more Premium
Is there still a chance? Investors hope for a 50-bps rate cut from the Fed but also fear a global recession is underway. The world's three largest economies, the US, China, and the eurozone, are set to rock global markets.
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