Kathy Lien
BK Asset Management
If you're in the gold, forex, or stock markets this September 2024, I've got three game-changing tips to make you a more profitable trader - you'll need them.
September is a pivotal month in the markets, packed with big events, and this year is more critical than ever.
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 inflation and the European Central Bank taking centre stage
The EUR/USD pair changed course after extending its slide to 1.1025, finding some positive footing mid-week to settle near 1.1100 after peaking at 1.1154 on Friday. The focus remained on macroeconomic data that could affect the upcoming central banks’ monetary policy decisions.
GBP/USD: Pound Sterling capitalizes on increasing bets of large Fed rate cut
Following a drop below the key 1.3100 support earlier in the last week, the Pound Sterling managed to regain balance against the US Dollar, lifting GBP/USD back north of the 1.3200 hurdle soon after US Nonfarm Payrolls disappointed expectations on Friday.
USD/JPY holds losses after weak NFPs from the US
US Dollar's weakness continues after August Nonfarm Payrolls came in lower than expected, reflecting broader labor market concerns. Market expectations for a Federal Reserve interest rate cut have risen, driven by signs of a slowing US labor market and softer job growth. The odds of a 50 bps cut in September by the Fed rose to nearly 50%.
Editors’ Picks
EUR/USD: US inflation and the European Central Bank taking centre stage
The EUR/USD pair changed course after extending its slide to 1.1025, finding some positive footing mid-week to settle near 1.1100 after peaking at 1.1154 on Friday. The focus remained on macroeconomic data that could affect the upcoming central banks’ monetary policy decisions.
GBP/USD: Pound Sterling capitalizes on increasing bets of large Fed rate cut
Following a drop below the key 1.3100 support earlier in the last week, the Pound Sterling managed to regain balance against the US Dollar, lifting GBP/USD back north of the 1.3200 hurdle soon after US Nonfarm Payrolls disappointed expectations on Friday.
Gold sellers take a step back as $2,500 support stays intact
After staying under modest bearish pressure in the first half of the week, Gold benefited from falling US Treasury bond yields and reclaimed $2,500. August inflation data from the US could fuel the next directional move in the precious metal.
Aptos, Stark, XAI, Render prepare for $111 million cliff unlocks this week
The crypto market is set to witness cliff unlocks totaling $111 million next week. Aptos and Starknet will see the highest volume, with new tokens entering circulation worth $64 million and $25 million, respectively.
Nonfarm Payrolls expected to show modest hiring rebound in August after July’s tepid report
The Nonfarm Payrolls report is forecast to show that the US economy added 160,000 jobs in August, after creating 114,000 in July. The Unemployment Rate is likely to dip to 4.2% in the same period from July’s 4.3% reading.
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