{"id":207668,"date":"2021-01-18T10:49:05","date_gmt":"2021-01-18T10:49:05","guid":{"rendered":"https:\/\/www.zfx.com\/market-outlook\/markets-open-mixed-amid-the-us-holiday\/"},"modified":"2022-04-05T16:22:36","modified_gmt":"2022-04-05T16:22:36","slug":"markets-open-mixed-amid-the-us-holiday","status":"publish","type":"market_outlook","link":"https:\/\/www.zfx.com\/en-mena\/market-outlook\/markets-open-mixed-amid-the-us-holiday\/","title":{"rendered":"Markets open mixed amid the US holiday"},"content":{"rendered":"

Market Summary (January 11 – 15)<\/span><\/strong><\/h4>\n
Uncertainties kept investors cautious<\/strong><\/h5>\n

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\u2019s administration, the deteriorating coronavirus pandemic continues to weigh on the market sentiment.<\/p>\n

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 other hand may weaken the recovery of the US economy and the effectiveness of the current monetary policies.<\/p>\n

ZFX analyst Jacob Leung said that it would be a \u201ctrade-off\u201d. If Biden\u2019s tax policy is implemented, the dollar\u2019s outlook will be a bit different. And in turn, the whole market sentiment may not be that bullish.<\/p>\n

Market Forecast this week (January 18 – 22)<\/span><\/strong><\/h4>\n
Dollar index may reach 91 level <\/strong><\/h5>\n

However, stocks today in Asian markets were mixed as investors were a bit positive to react to the better-than-expected Chinese GDP data of Q4. Reuters reported that the Trump administration has revoked the licenses of providing supplies to the Chinese telecommunications giant Huawei. But, on Monday, stock markets of HK and Mainland still traded higher amid the potential escalating China-US uncertainty.<\/p>\n

ZFX analyst Jacob Leung said that the trend of dollar may change, especially if the euro tends to be downward. Not only the worsening of the global coronavirus cases boosted the safe haven demand, but also the lockdowns in Europe and the Italian political chaos put pressure on the euro.<\/p>\n

WTI \u201clittle double top\u201d<\/strong><\/h5>\n

The oil prices were relatively stable recently as investors are bullish to bet on the trillion dollars relief bill in the US and the OPEC+ policy.<\/p>\n

But, last Friday the oil markets were experienced a correction under the cautious sentiment. Traders start to question the global demand again under such severe pandemic situation and the sustainability of the production cuts from the OPEC+.<\/p>\n

ZFX analyst Jacob Leung said that the tech movements of the oil prices were not that optimistic, that may cause further retracement. Of course, the tax worries of the US also hurt the outlook of the oil market.<\/p>\n

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Risk Warning: The above content is for reference only, and does not represent ZFX\u2019s position. ZFX does not assume any form of loss caused by any trading operations carried out in accordance with this article. Please be firm in your thinking and do the corresponding risk control.<\/strong><\/p>\n

ZFX (Zeal Capital Market)<\/a>\u00a0is an FCA & FSA licensed online Forex & CFD broker providing more than 100 products for\u00a0Forex<\/a>,\u00a0commodities<\/a>,\u00a0stock indices<\/a>, and\u00a0share CFDs<\/a>.\u00a0Open a trading account<\/a>\u00a0with min. USD 50 deposit and\u00a0download our MT4 trading platform<\/a>\u00a0now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 other hand may weaken the recovery of the US economy and the effectiveness of the current monetary policies. ZFX analyst Jacob Leung said that it would be a \u201ctrade-off\u201d. If Biden\u2019s tax policy is implemented, the dollar\u2019s outlook will be a bit different. And in turn, the whole market sentiment may not be that bullish.<\/p>\n","protected":false},"author":100,"featured_media":20469,"template":"","market_outlook_categories":[11907,11908],"market_outlook_tags":[],"class_list":["post-207668","market_outlook","type-market_outlook","status-publish","has-post-thumbnail","hentry","market_outlook_categories-analyst-insights-en-mena","market_outlook_categories-daily-outlook-en-mena"],"acf":[],"current_lang":"en-mena","_links":{"self":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/market_outlook\/207668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/market_outlook"}],"about":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/types\/market_outlook"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/users\/100"}],"version-history":[{"count":0,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/market_outlook\/207668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/media\/20469"}],"wp:attachment":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/media?parent=207668"}],"wp:term":[{"taxonomy":"market_outlook_categories","embeddable":true,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/market_outlook_categories?post=207668"},{"taxonomy":"market_outlook_tags","embeddable":true,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/market_outlook_tags?post=207668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}