Kathy Lien
BK Asset Management
In this new video, I discuss how to choose the best forex pairs to trade.
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: US employment data and FOMC Minutes under the spotlight
The EUR/USD pair traded lifeless for most of the last week around 1.0700, barely reacting on Friday following the release of the United States Personal Consumption Expenditures Price Index.
GBP/USD stays below 1.2650 after US inflation data
GBP/USD struggles to preserve its bullish momentum and trades below 1.2650 in the American session on Friday. Earlier in the day, the data from the US showed that the annual core PCE inflation declined to 2.6% in May, limiting the USD's upside and helping the pair hold its ground.
Japanese Yen gets to keep Friday's gains after US PCE
The Japanese Yen started Friday with a fresh multi-decade low print. Some quick profit taking is happening ahead of the US session and before the weekend. The US Dollar Index hovers around 106.00 again ahead of PCE inflation release.
Editors’ Picks
AUD/USD jumps higher to 0.6670 as US Inflation cools down expectedly
AUD/USD recovers daily losses and jumps to 0.6670 as US core PCE Inflation declines in May. Soft US inflation figures would boost Fed rate-cut hopes. The RBA is expected to deliver more rate hikes this year.
EUR/USD: US employment data and FOMC Minutes under the spotlight
The EUR/USD pair traded lifeless for most of the last week around 1.0700, barely reacting on Friday following the release of the United States Personal Consumption Expenditures Price Index.
Gold struggles to find direction heading into key week
Gold managed to hold above $2,300 despite broad US Dollar strength. The technical outlook highlights XAU/USD’s indecisiveness in the near term. Fed Chairman Powell’s speech and key macroeconomic data releases from the US could help Gold find direction this week.
Layer 1 tokens that are likely dead coins, fail to recover this cycle: XTZ, IOTA, KLAY, ALGO, EOS
The cryptocurrency market is cyclical in nature and several Layer 1 tokens have noted a decline in their prices, as new narratives like Artificial Intelligence (AI) and meme coins dominate in 2024.
French election: The far-right wins, but there’s a big test to come
The initial reaction to the first round of voting in the French Parliamentary election that took place on Sunday has been a small sigh of relief. EUR/USD has opened higher, and is up some 20 pips. Although Marine Le Pen’s National Rally party won the largest vote share, it was still short of an overall majority.
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