Kathy Lien
BK Asset Management
Here's the Best Trading Strategy for 2023.
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: Next target comes at 1.0530
EUR/USD traded in an inconclusive fashion amid the equally vacillating development in the Greenback, returning to the sub-1.0500 region following reduced trading conditions in response to the US Presidents’ Day holiday.
GBP/USD keeps the bullish bias above 1.2600
GBP/USD kicks off the new trading week on a positive foot and manages to reclaim the 1.2600 barrier and beyond on the back of the Greenback's steady price action.
USD/JPY slides to near 151.50 as Japanese Yen strengthens on robust GDP growth
USD/JPY falls sharply to near 151.40 as Yen performs strongly across the board on upbeat Q4 Japan GDP data. Flash Q4 Japan’s GDP data showed that the economy expanded by 0.7%. A delay in Trump’s reciprocal tariff plan and poor Retail Sales data would keep the US Dollar on the backfoot.
Editors’ Picks
AUD/USD: Warming up or the RBA
AUD/USD added to the move higher and rose to new two-month peaks near 0.6370 on the back of the soft tone in the US Dollar and rising expectation ahead of the RBA’s interest rate decision.
EUR/USD: Next target comes at 1.0530
EUR/USD traded in an inconclusive fashion amid the equally vacillating development in the Greenback, returning to the sub-1.0500 region following reduced trading conditions in response to the US Presidents’ Day holiday.
Gold resumes the upside around $2,900
Gold prices leave behind Friday's marked pullback and regain some composure, managing to retest the $2,900 region per ounce troy amid the generalised absence of volatility on US Presidents' Day holiday.
RBA expected to deliver first interest rate cut in over four years
The Reserve Bank of Australia will announce its first monetary policy decision of 2025 on Tuesday, and market participants anticipate the Board will cut the benchmark interest rate by 25 basis points.
Bitcoin Price Forecast: BTC stalemate soon coming to an end
Bitcoin price has been consolidating between $94,000 and $100,000 for almost two weeks. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $580.2 million net outflow last week, signaling institutional demand weakness.
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The Best Brokers of the Year
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