Boris Schlossberg
BK Asset Management
In this new video, I share one of my favorite 1 minute timeframe chart scalping 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: Buyers maintain the pressure ahead of critical US employment data
The EUR/USD pair ended a mostly uneventful last week trading near the 1.1200 mark, still battling to conquer the level. It managed to post a fresh 2024 high of 1.1213 mid-week, but sellers around it have rejected EUR/USD once again.
GBP/USD battles the 1.3400 level for a definitive bullish breakout
GBP/USD advances modestly beyond the 1.3400 level after US PCE inflation data showed price pressures continued to recede in August. Sterling Pound aims for fresh yearly highs beyond the 1.3433 peak posted earlier this week.
USD/JPY slides further to 142.50 on Ishiba’s victory in PM contest
USD/JPY falls further to 142.50 on multiple headwinds. Japan Ishiba’s victory in PM elections has strengthened the Japanese Yen. Cooling US inflationary pressures have weighed on the US Dollar.
Editors’ Picks
AUD/USD holds positive ground above 0.6900 ahead of Chinese PMI data
The AUD/USD pair extends its upside to around 0.6910 during the early Asian session on Monday. The rising bets for another oversized interest rate cut by the Federal Reserve in November weigh on the US dollar. The Chinese Purchasing Managers Index reports for September are due later on Monday.
EUR/USD: Buyers maintain the pressure ahead of critical US employment data
The EUR/USD pair ended a mostly uneventful last week trading near the 1.1200 mark, still battling to conquer the level. It managed to post a fresh 2024 high of 1.1213 mid-week, but sellers around it have rejected EUR/USD once again.
Gold: Prospects of Fed rate cuts, geopolitical tensions underpin bullish impulse
Gold clinched its third consecutive week of gains, reaching a fresh all-time high on Thursday. If bullish momentum persists, immediately to the upside emerges the $2,700 mark. Fed rate cut bets, geopolitical tensions continue to support the yellow metal.
Week ahead: NFP on tap amid bets of another bold Fed rate cut
Investors see decent chance of another 50bps cut in November. Fed speakers, ISM PMIs and NFP to shape rate cut bets. Eurozone CPI data awaited amid bets for more ECB cuts. China PMIs and BoJ Summary of Opinions also on tap.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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