Kathy Lien
BK Asset Management
Watch this short to learn what it takes to become top 5% forex 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 stages a recovery near 1.0760 amid upbeat US Dollar
The EUR/USD rebounds from its three-week low at 1.0723, which was recorded on Friday. The pair trades higher around 1.0760 during the Asian trading hours on Monday. However, the US Dollar received an upward momentum after the release of stronger economic data from the United States.
GBP/USD recovers some lost ground near 1.2550 ahead of the UK employment, US CPI data
The GBP/USD pair holds positive ground during the early Asian session on Monday. The pair recovers some lost ground from Friday’s low of 1.2500 and trades around 1.2551, gaining 0.03% on the day.
USD/JPY: Japanese Yen keeps falling, as US Dollar firms up on risk aversion
The Japanese Yen is accelerating its decline against the US Dollar. Reduced bets for an imminent shift in the BoJ’s policy shift undermine the JPY. The US Dollar benefits from upbeat US NFP data and broad risk aversion. The focus shifts to the US CPI data and the Fed decision this week.
Editors’ Picks
AUD/USD bears challenge 0.6550 amid geopolitical risks, ahead of a Big week
AUD/USD is trading near 0.6550, under heavy selling pressure at the start of a Big week on Monday. Markets digest recent Middle East geopolitical risks and the Chinese deflationary trend, which weigh on risk sentiment and the Aussie Dollar while the US Dollar consolidates the previous rebound.
USD/JPY: Japanese Yen keeps falling, as US Dollar firms up on risk aversion
The Japanese Yen is accelerating its decline against the US Dollar. Reduced bets for an imminent shift in the BoJ’s policy shift undermine the JPY. The US Dollar benefits from upbeat US NFP data and broad risk aversion. The focus shifts to the US CPI data and the Fed decision this week.
Gold sellers set to extend control, as the Big week kicks off
Gold price is testing a 10-day low of $1,995 set on Friday, seemingly vulnerable early Monday, as the Big Central Banks week kicks off. The United States Dollar is clinging to its recovery gains amid a cautious market environment and steady US Treasury bond yields.
Bitcoin price crashes 7.7% in Asian session, sets off $200 million in liquidations
Bitcoin (BTC) price dropped 7.74% in the last hour, briefly tagging the $40,400 level. According to data from CoinGlass, this move caused nearly $200 million worth of positions to be liquidated.
Central stage: The big three central banks in focus
As we approach the end of the year, this week holds particular significance for macro observers. The three major central banks, often referred to as the "Big 3" – the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) – are all scheduled to convene.
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