Kathy Lien
BKTraders and Prop Traders Edge
In this new video, I share one of my favorite 15 hour timeframe chart trading strategy that can be used to pick tops and bottoms with accuracy in the forex market.
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 clings to daily gains around 1.1630 ahead of Fed
EUR/USD manages to regain the smile on Wednesday, advancing marginally to the 1.1630 zone after four consecutive daily pullbacks, all amid the reneweed offered stance in the US Dollar prior to the FOMC event. The Fed is largely anticipated to trim its interest rates by 25 bps.
GBP/USD looks bid above 1.3300, eyes on the Fed
GBP/USD sets aside two daily declines in a row and trades with modest gains just above 1.3300 the figure on Wednesday. Cable’s better tone comes on the back of some selling pressure hurting the Greenback prior to the FOMC event. Next on tap across the Channel will be the GDP figures on Friday.
USD/JPY holds onto gains near 157.00 ahead of Fed’s monetary policy
USD/JPY trades firmly near the two-week high around 157.00 ahead of the Fed’s policy announcement. The Fed is expected to cut interest rates by 25bps to 3.50%-3.75%. The Japanese economy declined at a faster pace of 0.6% in the third quarter this year, revised data showed.
Editors’ Picks
EUR/USD clings to daily gains around 1.1630 ahead of Fed
EUR/USD manages to regain the smile on Wednesday, advancing marginally to the 1.1630 zone after four consecutive daily pullbacks, all amid the reneweed offered stance in the US Dollar prior to the FOMC event. The Fed is largely anticipated to trim its interest rates by 25 bps.
GBP/USD looks bid above 1.3300, eyes on the Fed
GBP/USD sets aside two daily declines in a row and trades with modest gains just above 1.3300 the figure on Wednesday. Cable’s better tone comes on the back of some selling pressure hurting the Greenback prior to the FOMC event. Next on tap across the Channel will be the GDP figures on Friday.
Gold appears sidelined around $4,200 ahead of FOMC event
Gold trades slightly on the back foot on Wednesday amid a weaker US Dollar and the continuation of the upside momentum in US Treasury yields across the curve. The precious metal remains cautious ahead of the expected 25 bps rate cut by the Fed and the release of the updated “dots plot”.
Federal Reserve expected to cut interest rates as disagreement among officials grows
The United States (US) Federal Reserve (Fed) will announce its interest rate decision on Wednesday, with markets widely expecting the US central bank to deliver a final 25 bps cut for 2025.
Crypto Today: Bitcoin, Ethereum hold steady as XRP struggles ahead of Fed rate decision
Bitcoin holds above $92,000, supported by ETF inflows and hopes of a potential Fed interest rate cut. Ethereum rises above the 50-day EMA as the MACD and RSI signal a bullish turnaround. XRP trades under pressure as sellers target $2.00 support despite mild ETF inflows.
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