Kathy Lien
BK Asset Management
Here are 5 reasons explaining why the Japanese Yen is so weak.
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.
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AUD/USD started the week soft, eventful week beings
Monday's session recorded a moderate slip in the Australian Dollar value against the US Dollar. As a result of persistently high inflation in Australia and some signs of softening in the US, meeting minutes from both the Federal Reserve and the Reserve Bank of Australia will be closely watched this week.
EUR/USD looks higher on Monday but technical ceiling remains
EUR/USD clipped into a fresh multi-week high above 1.0770 on Monday before getting forced back down by a broad-market reversal in investor sentiment. Bullish momentum was cut short after US activity figures flashed warning signs of a steepening economic downturn.
Gold price advances as traders await Fed Chair Powell's remarks
Gold price advances late on Monday even though the Greenback registers minuscule gains propelled by elevated US Treasury bond yields, following a release of softer-than-expected US economic data. That, along with a shortened week. keeps the XAU/USD trading near $2,331.
Solana meme coins rally with double-digit gains, Keith Gill sued for securities fraud
Keith Gill, the trader behind the alleged GameStop stock pump and dump has been slammed with a class action lawsuit. The plaintiff accuses Gill of orchestrating a pump-and-dump scheme and failed to disclose his purchase and sale of GameStop options in May 2024.
Trading the week ahead
We start the week with the Eurozone on Tuesday, where inflation data could play a significant role. Given the ongoing French elections, any result that falls below market expectations could put downward pressure on the Euro, offering a prime selling opportunity.