Kathy Lien
BK Asset Management
In this video, we dive deep into the world of forex trading, specifically focusing on mastering currency crosses in under 10 minutes.
Key points covered include:
- Understanding what currency crosses are
- Key strategies for trading forex crosses
- Common pitfalls to avoid when trading crosses
- Recommended tools and resources for forex traders
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 shifts its focus to 1.1200
EUR/USD quickly set aside the negative start to the week and rose markedly on Tuesday, coming in at shouting distance from the key barrier at 1.1200 the figure. The pronounced bounce came on the back of the strong resurgence of the selling pressure around the US Dollar amid trade uncertainty and lower-than-expected US CPI prints.
GBP/USD picks up pace and retests 1.3300
GBP/USD resumes its uptyrend on Tuesday and reclaims the 1.3300 barrier and beyond, propped up by broad-based weakness in the US Dollar. The Dollar’s decline accelerated after lower-than-estimated US inflation readings in April, reinforcing expectations of a patient Federal Reserve.
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
USD/JPY trades flat on Tuesday after surging nearly 2% in the previous day, supported by a stronger US Dollar on easing trade tensions. BoJ signals commitment to gradual rate hikes, viewing US tariffs as short-term disruptions with limited impact on long-term inflation. Technically, the pair faces resistance at 148.65, with key support at the 50 EMA and downside risk toward 145.00 and 142.00.
Editors’ Picks
AUD/USD: Bullish outlook above 0.6460
AUD/USD made a sharp U-turn on Tuesday, rapidly leaving behind the previous day’s deep pullback and surpassing its critical 200-day SMA in the 0.6460 zone. The surpass of this key region should in turn shift the pair’s outlook to a bullish one, opening the door to the continuation of the recovery in the near term.
EUR/USD shifts its focus to 1.1200
EUR/USD quickly set aside the negative start to the week and rose markedly on Tuesday, coming in at shouting distance from the key barrier at 1.1200 the figure. The pronounced bounce came on the back of the strong resurgence of the selling pressure around the US Dollar amid trade uncertainty and lower-than-expected US CPI prints.
Gold sticks to daily gains around $3,250
Gold prices pared some of their early-week losses and hovered near $3,250 on Tuesday afternoon, supported by a cautious market tone and softer-than-expected US April CPI data, which helped XAU/USD stabilise.
CryptoPunks moves to new ownership as Node Foundation acquires IP from Yuga Labs
The Infinite Node Foundation disclosed on Tuesday that it has acquired intellectual property (IP) rights for the non-fungible token (NFT) CryptoPunks collection from Yuga Labs. Through the deal, NODE seeks to provide long-term stewardship of the CryptoPunks collection and give it mainstream recognition.
US-China trade truce only emphasizes timeless investing truths
Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.
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The Best brokers to trade EUR/USD
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