Another key focus was the tension between China and the US. Trump’s administration declined to acknowledge claims by China’s commerce ministry that the officials of both countries will review the phase-one trade deal in the coming days. View more

The Dow and the S&P 500 were good in the early US trading session on Tuesday. However, the three major Wall Street indexes eventually all fell, of which the Nasdaq dropped the most, nearly 1.7%. The gold market experienced a crash-like drop, which was a significant adjustment under the risk aversion condition. View more

The whole financial market temporarily stabilized a bit on Thursday as it is reported that the US banking regulators are about to ease restrictions from the Volcker Rule, boosting the Wall street. Despite the fears of surging new coronavirus cases, risk appetite came back in the stock markets. View more

2020-06-08/ Monday/ ZFX News ZFX hereby proudly addresses to you our new Cantonese program- Z-Invest (投資Z世代)- will be officially launched on TVB on 9 June 2020! Starting from June to August 2020, Mr. LEUNG Kai Chun, Jacob- our Chief Strategy Officer, APAC- will take part to the program at time, leading every one of you View more

On Wednesday, the latest ADP report showed that the job cuts in the US was much less than expected, implying that the worst period may be over and the overall economy may recover earlier. View more

Risk appetite maintained due to the hopes of global economy reopening, further dragging down the safe-haven dollar. View more

Graduated from The Hong Kong Polytechnic University with Business Studies, Mr. LEUNG Kai Chun, Jacob, has over 10 years of trading experience in Forex. As a specialist in Precious Metals and Forex, Jacob always captures the market sentiment with precise insight. In 2013, he was titled as the Precious Metal Trades Í CAPITAL WEEKLY winner View more

The dollar rose against the offshore RMB in early trading session on Monday, once rose over 100 pips to 7.0870 level. The analysis generally believes that China's situation of the coronavirus outbreak is relatively under controlled which makes the RMB becoming stronger. However, the global situation is not that good and will still affect the Chinese economy severely. View more

In the European session, the dollar rebounded, with the Aussie retraced back to 0.64 below. Oil prices fell that the WTI crude futures have broken $22 level, reflecting that the production cut agreement did not help the oil market much. The gold market remains in the high level, with spot gold trading at above $1700 while spot silver trading around $15.4. ZFX analyst Jacob Leung said that there was no big news so far, but if oil prices continue the downtrend, it will definitely hit the investment sentiment and drag the whole market. View more

On Thursday's European Session, oil prices further tested the resistance, which the WTI crude futures reached $26.67, the day high so far. The OPEC, Russia and other major oil-producers will meet today to discuss the production cuts agreement. As Russia has indicated that it is ready to lower the production by 1.6 million barrels per day, the market is currently expecting OPEC+ will eventually reach a consensus.  View more