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Market Outlook

Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Eyes on the first debate! Cautious sentiment over the mixed markets
Stepping in the European trading session, the market sentiment is cautious as traders are all closely watching the first US presidential debate ahead. The dollar, recently as the major safe-haven asset, was just steady against the other currencies on Tuesday earlier session. Of course, the development of the new US relief bill is still uncertain, and traders are waiting for hints.   The dollar index is still trading above 94 level. Even though the dollar dropped back from the
29-09-2020 10:51
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Bottom fishing? Economic data boost amid choppy market
Overnight on Wall Street, the sentiment was improved. The Dow, the S&P 500 and the Nasdaq all rose around 0.2%-0.37%. The moves were a bit volatile, with the Dow was up more than 300 points at one point but dropped back to the red area at the late session once.   The dollar index was the focus these days. After a sight slip of the dollar from the recent high, closed at 94.33 on Thursday, the stock markets turned to be not that sluggish.   ZFX analyst Jacob Leung said
25-09-2020 09:48
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Fears returned? Another wave of correction
The Asia-Pacific stock markets generally closed lower on Thursday, following an overnight drop on Wall Street. Stepping to the European trading session, the bearish momentum maintains, as the US index futures were just “ups and downs”, without any good signs.   Analysis warned that, the trends of the three major Wall Street indexes were all technically bearish. Risk-off sentiment may continue, leading further price losses.   ZFX analyst Jacob Leung said that we should
24-09-2020 09:05
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: “Cash is King” returned amid risk aversion spur
Stocks in Asia-Pacific generally tumbled on Tuesday following the risk-off move overnight. Shares of HSBC and Standard Chartered continued to be the market focus, dropping over 2% during the trading session, as the report showed that they moved large amounts of suspicious funds, most likely from fraudulent activities.   Risk aversion is now the main theme in the markets. Market sentiment is bearish due to the fears of another coronavirus outbreak. Not only European countries, but
22-09-2020 07:45
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Correction of the tech stocks continues amid unclear direction
On Monday, Asia-Pacific markets were mixed, with Hong Kong’s HSI down over 1%, as HSBC tumbled to a 25-year low after the news reported that the Chinese government may add this banking giant to the 'unreliable list', which is deemed as a threat to national security.   By Monday afternoon, shares of HSBC fell around 3.8%. A report also showed that HSBC allegedly moved huge amounts of suspicious funds, most likely from fraudulent activities.   European stocks also are
21-09-2020 07:42
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Dovish?  Hawkish? Choppy dollar amid the FOMC outcome
On Thursday, the European stocks are expected to open lower, following the counterparts in Asian markets earlier and the Wall Street overnight. Traders are digesting the latest guidance, hinting the policy stance, from the Fed meeting.   Of course, investors have already fully expected the low rates policy, however, the Fed still showed more to the market regarding the fed rate forecast (Dot Plot) inside the FOMC. FOMC members believed that the Fed may not have rate hike through the
17-09-2020 07:38
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Profit taking was dominated as investors await the meeting of FOMC
On Wednesday, the European trading session are expected to open mixed, following the momentum of the Wall Street overnight and the Asian markets move. Investors are focusing on the FOMC’s meeting. Besides the update of the GDP, unemployment situation and inflation prediction, the Fed may further hint its policy stance and rate expectations. The meeting's result is scheduled as the afternoon of Wednesday in the US. ZFX analyst Jacob Leung said that, it may be just a “lackluster” night.
16-09-2020 07:50
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Markets was still choppy amid cautious sentiment
Investors continued to digest those variables these days, making markets a bit choppy last Friday. It is reported that SoftBank Group is reconsidering its trading strategy, triggering sell-off pressure over the tech stocks once again. However, the Dow rose nearly 0.5%.   Without big news, the UK-EU Brexit crisis was the major concern among investors. In view of the recent actions by the UK side, EU officials have stated that the European Parliament will not make any deal with the UK
14-09-2020 08:28
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Short covering? A sharp rebound normally not a bullish sign
Stocks in Asia-Pacific were generally good in earlier trading session, following Wall Street’s rally. The three major Wall Street indexes rebounded from the recent low, of which the Nasdaq rose 2.7%, the Dow rose nearly 440 points.   Most of the analysis believe that investors move the funds back to those tech stocks at the low levels, triggering the rebound amid the lack of bullish news. ZFX analyst Jacob Leung said that, there was not much fundamental supporting. In the markets
10-09-2020 08:10
Market Outlook | Technical Analysis & Forecast | ZFX
ZFX: Cash is King! Dollar bounced amid bearish markets
Asian stock markets generally declined on Wednesday after Wall Street’s tumble overnight. Stepping into the European trading session, stocks are expected to open lower, as investors are worried the overvaluation of those tech stocks. The Nasdaq has dropped 10% over the last three trading days, which is a sign of entering into a correction.   “Cash is King” once again reflected the recent strength of the dollar. Dollar index has bounced around 2% from 91.75. Investors sold
09-09-2020 07:06