Kathy Lien
BK Asset Management
99% of all energy in trading is spent on trying to figure out the “how” to get into the trade.
Your trading strategy is doomed to fail if you don't understand 2 very important things.
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 buyers flirt with resistance-turned-support near 1.0730
EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. The Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum.
GBP/USD bulls meet key resistance, bears lurking
GBP/USD bears eye 1.2370s and then the trendline support into the congestion towards 1.2350. Bulls look for a move to test resistance within the right-hand shoulder.
USD/JPY consolidates below 140.00, downside seems favored ahead of US labor market data
The USD/JPY pair is displaying a back-and-forth action below 140.00 in the Tokyo session. The asset is expected to extend its downside journey as the upside in the USD Index seems restricted till the release of the United States Employment data.
Editors’ Picks
AUD/USD grinds above 0.6500 on hawkish RBA’s Lowe ahead of China PMI, Aussie inflation
AUD/USD picks up bids to pare the previous day’s losses around 0.6520, after snapping a two-day uptrend, as Reserve Bank of Australia (RBA) Governor Philip Lowe sounds hawkish on early Wednesday in Asia.
EUR/USD buyers flirt with resistance-turned-support near 1.0730
EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. The Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum.
Gold: Softer US Dollar underpins rebound, focus on US politics, employment data
Gold keeps the previous day’s corrective bounce off a short-term key support while making rounds to $1,960 amid Wednesday’s Asian session. The precious metal portrays the market’s sluggish mood ahead of the key United States data/events as XAU/USD bears run out of steam.
Bitcoin mining emission approaches net carbon negative as Texas cancels mining curbing bill
Bitcoin mining and the narrative around how Proof-of-Work being one of the most energy-consuming processes in the entire world is set to change. With more sustainable mining methods coming to light and awareness spreading, BTC is close to joining the league of blockchains that have achieved carbon neutrality.
US: Confidence shaken amid early tremors in job market
Consumer confidence slipped slightly in May, and while the weakening may reflect short-term worries about the debt ceiling, the more interesting developments reveal how the sand is shifting under consumers' feet.
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