Market Outlook

Market Outlook | Technical Analysis & Forecast | ZFX
Concerns of the rising bond yields! Cautious sentiment arises
Traders in the stock markets have grown concerned about in recent rally of the bond yields.  Most of the stock markets have retraced a bit as the investors are closely monitoring the yields moves, like the 10-year US Treasury. They are worrying about inflation risk in the coming years and the jump of yields may pose uncertainties of the easing policies.   The benchmark 10-year Treasury yield jumped to 1.39% above, another new high since Feb 2020. ZFX analyst Jacob Leung said that,
22-02-2021 09:54
Market Outlook | Technical Analysis & Forecast | ZFX
Bitcoin’s “Bull”! A new all-time high again
Bitcoin hit a fresh record high above $52000 level on Wednesday. This valuable cryptocurrency is now still trading at $52000 level above in Asian session on Thursday despite the rebound of the greenback, while some analysts start to warn that the surge might be unsustainable, and the major investment banks also appear to be warning about bitcoin’s volatility.   This month, in February, Bitcoin has rocketed around 58%. No matter it is a market bubble or not, people still believe
18-02-2021 07:11
Market Outlook | Technical Analysis & Forecast | ZFX
Euro selloff supported safe-haven dollar amid positive sentiment
Optimism backed?   Stocks in Asia-Pacific jumped on Tuesday, following the momentum of Wall Street overnight. Stepping into European trading session, positive sentiment maintains and European stocks generally opened higher.   However, overall speaking investors are still cautious, keeping an eye on the progress of global economic recovery. On the other hand, vaccination rollouts are ongoing, boosting market confidence. Furthermore, the lockdowns over those European countries
02-02-2021 09:50
Market Outlook | Technical Analysis & Forecast | ZFX
Typical ranging?  Market sentiment is still cautious bullish
Stock markets are running mixed? On Monday, stock markets in Asia-Pacific, especially HK HSI, were higher as the market sentiment is still positive towards President Joe Biden’s $1.9 trillion stimulus packages. However, European stocks are trading mixed as the counterparts in the US are just moving slightly, reflecting cautious views over the markets. ZFX analyst Jacob Leung said that the struggling trend may be due to the severe coronavirus pandemic, dragging down part of the
25-01-2021 10:24
Market Outlook | Technical Analysis & Forecast | ZFX
Markets open mixed amid the US holiday
Market Summary (January 11 - 15) Uncertainties kept investors cautious Last Friday, the Wall Street closed lower as traders reviewed the worries over the markets. Despite the announcement of the $1.9 trillion stimulus plan from Joe Biden’s administration, the deteriorating coronavirus pandemic continues to weigh on the market sentiment. Investors expected that the new US government may consider to raise tax to solve part of the budget deficit due to such massive fiscal support, that on the
18-01-2021 10:49
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Sharp fall of gold price amid elevated Treasury yields
Gold price was the focus last Friday, dropping over 3% due to the rebound of dollar and the uptrend of the US bond yields. Spot gold is now trading around $1830 after slipping to $1816, back to the low in the mid of Dec, in the morning session on Monday. Gold has dropped over $100 per ounce since touching near $1960 last Wednesday. ZFX analyst Jacob Leung said that, the US bond yields is going upward due to the speculation of massive stimulus from Biden’s administration, causing such
11-01-2021 06:32
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Weak dollar may dominate the market in the new year opening
European stocks are expected to be mixed in the opening, following the uncertain trend set in Asian session on Monday and the current US stock futures. Despite the expectations of a weaker dollar, the market sentiment stays cautious in this moment.   Without any big news recently, most of the investors are still expecting a lower dollar, driven by the unprecedented fiscal and monetary policies by the US. It is expected that the dollar index may continually test its bottom, probably
04-01-2021 08:07
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Weak dollar amid easing policies, dollar index is testing 90
The greenback is testing the technical support of 90 on Tuesday as the risk-on mode is on track. Investors lower their safe-haven demand for dollar after the agreement of the relief bill from the US lawmakers.   The House of Representatives voted on Monday, based on the Trump’s request, to increase the pandemic aid payments to qualified Americans to $2,000 from $600. Such stimulus packages are undoubtedly boosting the market sentiment and pushing up the stock markets worldwide. As
29-12-2020 08:55
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Markets were mixed amid the US stimulus bill
Stocks in Asian markets were mixed on Monday despite the agreement on a $900 billion coronavirus stimulus bill from the US. Investors are very cautious as the Covid-19 pandemic is still very severe.   European markets are trading lower as investors are worried about the situation in the UK. The UK has imposed tougher lockdowns to deal with the fast-spreading new coronavirus strain.   Last week, the hopes of the stimulus package of the US and the rollout of vaccines boosted
21-12-2020 10:10
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Pound is heading for a delayed breakthrough amid Brexit deal uncertainty
Recently, no-deal Brexit has become hot topic once again in the market. The UK and the EU officials have warned so many times that "Hard Brexit” may occur. The European Commission President Von der Leyen said earlier that there are still differences on major issues between the UK and the EU, meaning a relatively high chance of the "Hard Brexit". On the other hand, the British Prime Minister Johnson also stated that no-deal is highly possible, called on companies and the public to prepare for
16-12-2020 04:50