Kathy Lien
BK Asset Management
How I combine forex fundamental analysis strategies with technical indicators to make select the best trades.
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: Next on the upside sits the May highs near 1.1380
EUR/USD maintained its bullish tone in the first half of the week, approaching the key 1.1300 zone on the back of a sharp sell-off in the Greenback. Renewed trade jitters, along with fresh concerns about the US economy, added further pressure on the US Dollar.
GBP/USD turns positive around 1.3370
GBP/USD picks up renewed pace on Tuesday, leaving behind earlier daily lows near 1.3330 and refocusing on the 1.3360-1.3370 band amid a mild bearish tone in the Greenback. Meanwhile, investors continue to assess the recent Moody’s downgrade of US rating ahead of key UK inflation data on Wednesday.
USD/JPY bears retain control near two-week low, break below 144.00 awaited
USD/JPY languishes near a two-week low above 144.00 despite the disappointing release of Japan's trade balance data, as hawkish BoJ expectations continue to underpin the Japanese Yen. Meanwhile, the USD remains depressed amid Fed rate cut bets and a downgrade of the US government's credit rating, exerting additional pressure on the major.
Editors’ Picks
AUD/USD remains stuck in a familiar range above 0.6400
AUD/USD struggles for a firmdirection and remains confined in a multi-week-old trading range above 0.6400 early Wednesday. The RBA's dovish outlook and the domestic political turmoil remains a drag on the Aussie amid US-China spat over chips. However, a broadly weaker USD continue to support the pair.
USD/JPY bears retain control near two-week low, break below 144.00 awaited
USD/JPY languishes near a two-week low above 144.00 despite the disappointing release of Japan's trade balance data, as hawkish BoJ expectations continue to underpin the Japanese Yen. Meanwhile, the USD remains depressed amid Fed rate cut bets and a downgrade of the US government's credit rating, exerting additional pressure on the major.
Gold price looks to build on its recent strength beyond $3,300 mark
Gold price advances to over a one-week top in the Asian session on Wednesday, with bulls now awaiting a sustained move above the $3,300 mark before placing fresh bets. Moody's downgrade of US credit rating and Fed rate cut bets keep the US Dollar depressed near a two-week low. Further, persistent geopolitical uncertainty benefits the safe-haven Gold.
Ethereum Price Forecast: ETH holds steady at $2,500 despite increasing selling pressure
Ethereum (ETH) held steady above $2,500 on Tuesday despite investors stepping up their selling pressure with high profit-taking and loss realization activity.
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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