Kathy Lien
BK Asset Management
In this new video, I share one of my favorite 15 hour timeframe chart trading strategy that can be used to pick tops and bottoms with accuracy in the forex market.
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: Further advances appear in the pipeline
Another solid weekly performance saw EUR/USD clinch its fourth consecutive week of gains, including a new 2024 peak in the 1.1180–1.1185 band. The strong move higher in the pair came in response to the heightened downward bias hitting the US Dollar.
GBP/USD reaches new 2024 highs around 1.3200, Dollar plummets
The Greenback is now accelerating its decline and flirts with the area of 2024 low as Chair Powell signals that it is time to adjust monetary policy. GBP/USD picks up extra pace and challenges the 1.3200 region, clinching new 2024 peaks at the same time.
USD/JPY remains heavy near 145.50 after BoJ Ueda's hawkish remarks
USD/JPY remains under heavy selling pressure near 145.50 in Friday's Asian trading. The Japanese Yen got a fresh boost from the domestic inflation data and BoJ Governor Ueda's willingness to hike rates further. The US Dollar slips ahead of Fed Chair Powell's speech.
Editors’ Picks
AUD/USD holds higher ground above 0.6700 ahead of Powell's speech
AUD/USD is trading with modest gains above 0.6700 in the Asian session on Friday. Fresh US Dollar selling, amid the US/JPY sell-off, underpins the pair. However, further upside appears elusive, as traders turn to the sidelines ahead of Fed Chair Jerome Powell's speech.
EUR/USD: Further advances appear in the pipeline
Another solid weekly performance saw EUR/USD clinch its fourth consecutive week of gains, including a new 2024 peak in the 1.1180–1.1185 band. The strong move higher in the pair came in response to the heightened downward bias hitting the US Dollar.
Gold buyers are encouraged as yellow metal rises above $2,500
Gold corrected lower after touching a new all-time-high last week but managed to climbs above the key $2,500 level on Friday. This week’s economic calendar will feature key inflation data from the US.
SUI, OP, ZETA lead $160 million crypto token unlocks this week
The crypto market will witness another round of heavy token unlocks this week, with $164.2 million of cliff unlocks entering into the circulating supply of several top altcoins, per crypto intelligence firm Token Unlocks.
Week ahead: PCE inflation eyed as Fed lays groundwork for September cut
Focus to stay on the Fed as PCE inflation to be week’s main highlight. Eurozone inflation data to be crucial for ECB rate cut hopes. Australian and Tokyo CPI, plus Canadian GDP also on the agenda.
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