Kathy Lien
BK Asset Management
Daylight Savings is bad for your health and bad for trading.
Here are 3 ways DST affects trading:
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 looks for higher ground above 1.06
EUR/USD chewed through chart paper between 1.0550 and 1.0600 levels on Tuesday, testing into the low side but staging a recovery to add a thin 0.14% on the day.
GBP/USD churns below 1.27 ahead of UK CPI inflation print
GBP/USD churned chart paper just south of 1.2700 on Tuesday as Cable traders brace for a decently-sized UK data dump due on Wednesday, headlined by UK Consumer Price Index (CPI) inflation figures for October.
USD/JPY jumps back above 155.00 as risk sentiment improves
USD/JPY has regained traction, rising back above 155.00 in Wednesday's Asian session. A renewed US Dollar uptick alongside the US Treasury bond yields and an improving risk tone counter Japanese intervention threats and Russia-Ukraine tensions, allowing the pair to rebound.
Editors’ Picks
AUD/USD turns south toward 0.6500 as US Dollar finds fresh demand
AUD/USD hs turned south toward 0.6500 in Asian trading on Wednesday. The pair lacks bullish conviction after the PBOC left the Lona Prime Rates unchanged. Escalating Russia-Ukraine geopolitical tensions and renewed US Dollar demand keep the Aussie on the edge ahead of Fedspeak.
USD/JPY jumps back above 155.00 as risk sentiment improves
USD/JPY has regained traction, rising back above 155.00 in Wednesday's Asian session. A renewed US Dollar uptick alongside the US Treasury bond yields and an improving risk tone counter Japanese intervention threats and Russia-Ukraine tensions, allowing the pair to rebound.
Gold advances to over one-week high on rising geopolitical risks
Gold price (XAU/USD) attracts some follow-through buying for the third consecutive day on Wednesday and climbs to a one-and-half-week high, around the $2,641-2,642 region during the Asian session.
UK CPI set to rise above BoE target in October, core inflation to remain high
The UK CPI is set to rise at an annual pace of 2.2% in October after increasing by 1.7% in September, moving back above the BoE’s 2.0% target. The core CPI inflation is expected to ease slightly to 3.1% YoY in October, compared with a 3.2% reading reported in September.
How could Trump’s Treasury Secretary selection influence Bitcoin?
Bitcoin remained upbeat above $91,000 on Tuesday, with Trump’s cabinet appointments in focus and after MicroStrategy purchases being more tokens.
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