Kathy Lien
BK Asset Management
Trading central bank rate decisions can be risky but you can improve your chances of success by focusing on these specific opportunities.
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 drops below 1.0800 as USD gathers strength
EUR/USD came under renewed bearish pressure and dropped to a fresh three-week low below 1.0800. Following the mixed macroeconomic data releases from the US, the cautious market stance helped the US Dollar find demand and weighed on the pair.
GBP/USD falls to fresh weekly low below 1.2600
GBP/USD turned south in the American session and declined to a weekly low below 1.2600 on Tuesday. Following a quiet European session, the US Dollar started to gather strength and forced GBP/USD to extend the daily slide.
USD/JPY remains capped below 147.45 ahead of US data
Dollar recovery fails at 147.45 and keeps bears in charge. Speculation about Fed cuts in March is limiting USD’s upside attempts. Hopes of some BoJ monetary policy normalisation support the Yen.
Editors’ Picks
EUR/USD drops below 1.0800 as USD gathers strength
EUR/USD came under renewed bearish pressure and dropped to a fresh three-week low below 1.0800. Following the mixed macroeconomic data releases from the US, the cautious market stance helped the US Dollar find demand and weighed on the pair.
GBP/USD falls to fresh weekly low below 1.2600
GBP/USD turned south in the American session and declined to a weekly low below 1.2600 on Tuesday. Following a quiet European session, the US Dollar started to gather strength and forced GBP/USD to extend the daily slide.
Gold extends slide, more pressure seen under $2,010 Premium
Following Monday's decline, Gold struggled to stage a convincing rebound and retreated below $2,020 in the second half of the day on Tuesday. Although the benchmark 10-year US Treasury bond yield is down more than 1%, renewed USD strength doesn't allow XAU/USD to limit its losses.
Top 5 tokens trending alongside Bitcoin: ORDI, STX, LUNC, PEPE, CFX
Bitcoin price crossed the $41,400 level early on Tuesday. The largest cryptocurrency by market capitalization extended its gains and continued its rally, after yielding 12% weekly gains for holders. The anticipation surrounding Spot Bitcoin ETF approvals is one of the key catalysts fueling the hype among BTC holders.
Nio Stock Earnings: NIO holds onto 3% gain despite Moody cutting China outlook
Nio (NIO) stock's initial 5% gain on Tuesday has transitioned to a 3% gain near $7.55. The Chinese electric vehicle (EV) manufacturer released third-quarter earnings that showed sales of higher margin SUVs surged 258% from the most recent quarter and 64% from a year ago.
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