Gold market was under pressure recently. Although the China-US tension is still a concern, investor sentiment has improved a lot due to the good figures in Non Farm Payrolls last Friday. View more

The Non-farm Payroll figures last Friday showed a surprising improvement in the labor market of the US. Risk appetite was further boosted by the hopes of global economy recovery, dragging down the safe-haven demand. View more

Market sentiment was very cautious on Friday before Trump’s press conference. Investors were worried that the US would take aggressive measures against China, including economic sanctions. However, President Trump did not mention much that the traders feared. With lack of details, the Wall Street bounced back in the US late session, which the Dow edged lower, S&P 500 rose 0.48%, and the Nasdaq performed the best closing 1.29% higher.   View more

It is reported that President Trump will hold a press conference regarding “China” on Friday. Investors are worried the escalation of tension between China and the US, causing a sharp retreat in Wall Street, giving up all the gain of the day after the news. The Wall Street three major indexes all edged lower finally. View more

The three major indexes rose again on Wednesday, as investors keep betting on the economy reopening. The rising tension between China and the US seemed to have no much impact on the stock markets. View more

The three major Wall Street indexes rose on Tuesday as investors are betting on the reopening of the global economy. The US economic figures were generally better than expected, boosting optimism in the market. And, the news from coronavirus vaccine development was also positive to the sentiment. However, the risk appetite faded out on Wednesday Asian session. Investors are now closely monitoring the growing tension between China and the US. View more

In the early session on Tuesday, the drop of the dollar and the rally of the stock market index futures of Europe and the US have implied the risk-on mode already. The vaccine news from Novavax, a vaccine development company of the US, was one of the factors. The company said  that it targets the first vaccine testing results in July. View more

The rising tension between China and the US would be the main theme in the financial market in the coming days. Investor sentiment is highly cautious. However, the stock markets were just mixed in Asian session on Monday. The move was not bad last Friday during US session, meaning that the sentiment was not that bearish due to the economies reopening worldwide. View more

The fears of the China-US relation deterioration turned on the “risk off” mode. Even though some of the economic figures were positive to the stock markets, the three major Wall Street indexes edged lower on Thursday. ZFX analyst Jacob Leung said that, market sentiment changed to bearish. Some of the investors believe that the worst has passed, while some of them are still doubtful. View more

The FOMC minutes of April meeting showed that members were worried about the economic outlook of the US as the coronavirus created an “extraordinary amount of uncertainty and considerable risks to economic activity in the medium term”. Rate would not be raised until the economy is back on the track. Furthermore, all members agreed that the Fed will use full range of tools to support the US economy. View more