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ZFX: Vaccine boost! Investors bet on the return of bull market

Gold price was the other focus on Monday as it tumbled over 5%, as much as $100 per ounce, after the positive development result. The sell-off pressure was mainly related to the risk appetite in the whole financial market, that significantly lower the safe haven demand for Gold. Furthermore, the news lowered the dovish expectation from Fed, even the other central banks, a more aggressive approach in the monetary policies, boosting the greenback. The dollar index bounced back from around 92 level, steadied at around 92.7 on Tuesday.

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Jacob Leung, Author at ZFX

ZFX: Relief bill is coming ahead? Optimism resumes

In FX market, the performance of the greenback was mixed as well. Hopes on the relief bill lowered the safe-haven demand in the market while those riskier currencies like Aussie was favored with such situation, bouncing to 0.7130 level above. On the other hand, the talk of the EU-UK deal was still uncertain, weighing on sentiment over the Euro and Sterling.

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Jacob Leung, Author at ZFX

ZFX: Uncertainties stay in focus! Cautious investors are trading in a sensitive market

Over these days, there were no new market watch in the financial market. Generally, markets were running in a ranging pattern, with no bullish or bearish driver dominated. Of course, the US election is the most eye-catching. The coming Presidential debate is the key focus this week on 22th Oct. ZFX analyst Jacob Leung said that, it would be a “super” battle as it is the last debate. The recent polls showed that Biden’s support was weakened by the “email scandal"of his son, Hunter Biden. Investors are paying close attention to the issues and how the coming polls is going.

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ZFX: Uncertainties all around! Stubborn optimism maintained

Overall, market sentiment is cautious. Traders are reviewing the risks over those issues like the UK-EU talks, the rapid spread of coronavirus, and the progress toward the US stimulus. The dollar strengthened as investors are seeking the haven currency. Dollar index hit 93.9 last night. Countries in Europe are now reimplementing lockdown measures to tackle with the surging coronavirus cases, hurting the sentiment over Sterling and Euro.

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Jacob Leung, Author at ZFX

ZFX: Market sentiment is boosted by PBOC’s move. Stocks gain amid the weaker RMB

Last week, the whole market was dominated by the news surrounding the Congress and relief bill in the US. Trump suddenly stopped the negotiation, causing the drop of the markets last Tuesday, but resumed it quickly. Up to now, the White House may propose a $1.8 trillion plan, which is more likely to make the deal with the Democrats. However, some Republicans are concerning about the nation’s debt and this offer may be unfavored to the coming presidential election.

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Jacob Leung, Author at ZFX

ZFX: Trump’s discharge dominated risk sentiment in the short term

Global markets reacted well after the news. All three major indexes of Wall Street bounced around 1.6%-2.3%. The dollar, which was deemed as the “only” safe-haven recently, was weaker against those riskier currencies on Monday. At least, the return of Trump has lowered the political uncertainties in the short term.

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