Kathy Lien
BK Asset Management
The 2 day Fed meeting begins today. Here's a look at how has the US economy changed since the June Fed meeting? Does it justify a greenlight for September interest rate cut by the Federal Reserve?
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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EUR/USD grinds higher above 1.0550 amid a cautious start to the week
EUR/USD grinds higher above 1.0550 in Monday’s European session. The pair shrugs off the re-emergence of the Russia-Ukraine geopolitical risks as the US Dollar stalls its uptrend. Divergent ECB-Fed policy outlooks could cap the upside ahead of central banks' talks.
GBP/USD defends 1.2600 on subdued US Dollar
GBP/USD defends minor bids above 1.2600 in the early European session on Monday. A broadly subdued US Dollar and less dovish BoE policy outlook support the pair amid cautious market mood, induced by resurfacing Russia-Ukraine conflict. BoE- and Fed-speak eyed.
Gold price faces rejection near $2,600; bulls remain on the sidelines despite softer USD
Gold price (XAU/USD) struggles to capitalize on its modest intraday gains to the $2,600 neighborhood, though it manages to hold in positive territory through the early part of the European session on Monday.
Bonk holds near record-high as traders cheer hefty token burn
Bonk (BONK) price extends its gains on Monday after surging more than 100% last week and reaching a new all-time high on Sunday. This rally was fueled by the announcement on Friday that BONK would burn 1 trillion tokens by Christmas.
The week ahead: Powell stumps the US stock rally as Bitcoin surges, as we wait Nvidia earnings, UK CPI
The mood music is shifting for the Trump trade. Stocks fell sharply at the end of last week, led by big tech. The S&P 500 was down by more than 2% last week, its weakest performance in 2 months, while the Nasdaq was lower by 3%. The market has now given back half of the post-Trump election win gains.
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