Everyone loves to trade the NY session, but here are the reasons why you should be looking to trade the Asia session.
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
AUD/USD holds ground as RBA leaves the door open for a hike
![AUD/USD holds ground as RBA leaves the door open for a hike](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/AUDUSD/australian-currency-8768154_XtraSmall.jpg)
Tuesday's session witnessed the Australian Dollar clearing losses against the US Dollar following the release of the hawkish RBA minutes and the US JOLTs figures from May. For the USD, the confidence of Jerome Powell on inflation coming back down sooner on the prospects of a cooling labor market weakened the Greenback.
EUR/USD needs to clear the 200-day SMA for further gains
![EUR/USD needs to clear the 200-day SMA for further gains](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/world-currencies-53600634_XtraSmall.jpg)
EUR/USD managed to extend its multi-session apathetic advance amidst the flattish price action in the Greenback and the majority of the risk-linked assets, all prior to the publication of key releases in the US docket on Wednesday.
Gold falls amid falling US yields, soft US Dollar
![Gold falls amid falling US yields, soft US Dollar](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/gold-gm187363896-28836378_XtraSmall.jpg)
Gold price slid during the North American session as market participants digested Federal Reserve Chair Jerome Powell’s comments at a European Central Bank forum in Portugal. Powell turned slightly dovish, yet US Treasury yields remained firm. The XAU/USD trades around $2,324.
Ethereum ETFs set for $5 billion inflows despite ETH Foundation's continuous sales
![Ethereum ETFs set for $5 billion inflows despite ETH Foundation's continuous sales](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Ethereum/Ethereum_Coins_XtraSmall.jpg)
Ethereum is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Benefit of the doubt: US consumer confidence and elections
![Benefit of the doubt: US consumer confidence and elections](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/ConsumerSpending/ConsumerConfidence/woman-selling-bread-at-the-bakery-gm469225978-62283160_XtraSmall.jpg)
Despite widespread expectation for the US economy to be in recession in 2024, that fate has been avoided thanks to a resilient consumer. Yet it is difficult to square this undaunted spending with consumer confidence and sentiment readings that are lackluster at best.
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