“China’s data flashes contraction alert, sparking risk averse among market participants.” Global market was rattled by recent release of trade data from China, sparking deep losses in Asian market especially Chinese Yuan. Earlier this week, August’s data showed that China’s trade surplus came in lower than expected, with both imports and exports underperforming. China’s economy View more

“Parity is long gone; Euro may succumb to further losses against the US dollar.” Euro further below the parity level against the greenback as recent energy crisis struck gloomy expectation towards EU’s economy. Last Saturday, Russia forewent its deadline to resume the operation of Nord Stream pipeline, citing an oil leak in one of the View more

“GBPUSD fell to its lowest level since March 2020 following fears of recession risk.” Great British Pound plummets against the US dollar, printing losses of more than 13% for the year due to shift in fundamentals. Bears continue to steer the pair as recession risk in the UK accelerates. Based on past data, UK GDP View more

“Risk taking is persistent in the market as traders shifts their focus towards US dollar.” Japanese Yen weakened as traders initiate selloff following Jackson Hole symposium last weekend. During the event, Federal Reserve Chair Jerome Powell reiterates that interest rates will not be decreased any time soon due to persistently high inflation. His signal suggests View more

“Greenback edged lower on Friday as investors prepares for more market signals during Jackson Hole symposium.” Greenback slipped slightly during Asian trading session while investors wait for Federal Reserve Chair Jerome Powell’s speech during Jackson Hole symposium. Currently, investors have mixed feeling with regards to next interest rate hike, which would either be 50 or View more

“Oil price cemented its course for a rebound following hawkish signal in the market.” Oil prices extended its recovery on Thursday as recent signal suggests possibility of supply tightness in the market. According to reports, Organization of the Petroleum Exporting Countries and its allies may cut their production to prop up the commodity’s price. Moreover, View more

“Stocks ended lower; Dow may extend its tumble.” US equities tumbled on Tuesday, snapping out of previous bull-run with Dow Jones Industrial Average knocked lower by 0.47% to 32,909.59. Investors continue to trim their holdings in equities as they anticipate more hawkish tilts from the Federal Reserve at the upcoming Jackson Hole symposium. Quick recap View more

“Euro tumbled sharply as recession fear rises due to pipeline cut.” Euro breaches parity against the US dollar, hitting its lowest level since December 2002. According to reports, Russian energy giant Gazprom announced that they will drastically reduce gas supplies to EU due to maintenance. They expect Nord Steam 1 pipeline will cut daily production View more

“S&P500 snapped out of its recovery, traders adopt wait-and-see approach.” Bears market continues to exert pressure on equities as Federal Reserve continues to deliver hawkish views. Last week, two Federal Reserve officials commented that interest rates is expected to increase by 75-basis points due to persistent high inflation in the US. Likewise, as Fed and View more

“Dollar-bull revitalized after Fed officials deliver hawkish rhetoric.” Federal Reserve officials rattled the market, prompting US dollar to hit one-month high on yesterday. According to report, St Louis Fed President James Bullard commented that he supports for another 75-basis point rate hike in September, citing concerns over high inflation in the US. On a similar View more