Kathy Lien
BK Asset Management
New video! Here's my favorite simple 1 hour trading strategy tailored for beginner and experienced 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 remains depressed near 1.1020
The EUR/USD pair flirted with the 1.1000 level after US inflation data cooled hopes for an aggressive Federal Reserve rate cut. The European Central Bank will announce its decision on monetary policy on Thursday.
GBP/USD remains under pressure, declines toward 1.3000
GBP/USD trades in negative territory below 1.3050 in the American session on Wednesday. The US Dollar stays resilient against its rivals and weighs on the pair after the latest data showed that the core CPI rose more than expected in August.
USD/JPY drops to near 141.00 following the remarks from BoJ’s Junko Nagakawa
USD/JPY loses ground for the second consecutive day, trading around 141.20 during the Asian hours on Wednesday. The Japanese Yen (JPY) remains solid following the remarks from Bank of Japan (BoJ) board member Junko Nagakawa.
Editors’ Picks
AUD/USD hovers around 0.6670, trades on sentiment
The Australian Dollar trimmed losses against its American rival, as US indexes trimmed inflation-inspired losses. Australian Consumer Inflation Expectations stand out in the Asian session.
EUR/USD remains depressed near 1.1020
The EUR/USD pair flirted with the 1.1000 level after US inflation data cooled hopes for an aggressive Federal Reserve rate cut. The European Central Bank will announce its decision on monetary policy on Thursday.
Gold reconquered $2,510, aims to retest record highs
Gold touches the top of its range and then falls back down to $2,500 after the release of US inflation data on Wednesday. The benchmark 10-year US Treasury bond yield rebounds on stronger-than-forecast monthly core CPI print and drags XAU/USD lower.
XRP corrects 3% after Ripple CTO says Ledger does not have smart contract functionality
Ripple (XRP) has plans to introduce smart contract functionality to its native blockchain, the XRP Ledger. However, as of September 11 the firm has not announced a date for its launch on the mainnet.
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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