Kathy Lien
BK Asset Management
If you're in the gold, forex, or stock markets this September 2024, I've got three game-changing tips to make you a more profitable trader - you'll need them.
September is a pivotal month in the markets, packed with big events, and this year is more critical than ever.
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 remains depressed below 1.0900, lowest since August 8 amid stronger USD
The EUR/USD pair drifts lower for the second straight day on Tuesday and drops to the 1.0890 area in the last hour, back closer to its lowest level since August 8 touched the previous day. Bearish traders, however, need to wait for a break below the 200-day SMA before placing fresh bets ahead of the key central bank event risk.
GBP/USD churns ahead of UK wages and labor figures
GBP/USD churned chart paper just north of 1.3000 on Monday, with markets striking a laid-back tone ahead of key UK data due to release in the first half of the trading week. UK wages and jobs additions are slated for early Tuesday, with UK Consumer Price Index and Producer Price Index inflation in the barrel for Wednesday.
USD/JPY bounces back toward 150.00 as USD finds fresh buyers
USD/JPY is bouncing back toward 150.00 in Tuesday's Asian session, finding buyers near 149.50. The pair tracks the broad US Dollar rebound amid a cautious market mood, as investors stay unnerved by China's economic woes. The focus now remains on the Fedspeak.
Editors’ Picks
GBP/USD churns ahead of UK wages and labor figures
GBP/USD churned chart paper just north of 1.3000 on Monday, with markets striking a laid-back tone ahead of key UK data due to release in the first half of the trading week. UK wages and jobs additions are slated for early Tuesday, with UK Consumer Price Index and Producer Price Index inflation in the barrel for Wednesday.
EUR/USD remains depressed below 1.0900, lowest since August 8 amid stronger USD
The EUR/USD pair drifts lower for the second straight day on Tuesday and drops to the 1.0890 area in the last hour, back closer to its lowest level since August 8 touched the previous day. Bearish traders, however, need to wait for a break below the 200-day SMA before placing fresh bets ahead of the key central bank event risk.
Gold price edges lower amid stronger USD, downside potential seems limited
Gold price trades with a negative bias for the second straight day on Tuesday and is pressured by a combination of factors. Traders no longer expect another outsized interest rate cut by the Federal Reserve in November, which had been a key factor behind the recent upswing in the US Treasury bond yields.
Bitcoin targets $70,000 as bullish momentum builds
Bitcoin is retesting its key resistance level, and a solid close above this threshold could fuel its ongoing rally. Meanwhile, Ethereum has successfully breached its resistance, signaling potential upward momentum, while Ripple approaches its crucial resistance barrier.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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