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Market Outlook

Concerns of the rising bond yields! Cautious sentiment arises

Concerns of the rising bond yields! Cautious sentiment arises

The benchmark 10-year Treasury yield jumped to 1.39% above, another new high since Feb 2020. ZFX analyst Jacob Leung said that, again it would be a “warning”. High yields in long terms mean less “easy borrowing” and of course, it will attract the market money back to the bond markets from equities.

Bitcoin’s “Bull”! A new all-time high again

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.

Daily NAS100 & EUR/USD technical analysis on February 10

Daily NAS100 & EUR/USD technical analysis on February 10

As investors’ expectations of the US government’s relief measures become stronger, the market sentiment is also optimistic. In addition, the average daily confirmed cases of COVID-19 in the United States has dropped by 36% from the level two weeks ago, and the hospitalization rate has also fallen from the previous peak, indicating that the U.S. epidemic is gradually under control and the stock market has therefore performed strongly.

Daily Usoil & Gold technical analysis on February 9

Daily Usoil & Gold technical analysis on February 9

The performance of oil prices continued to be strong yesterday. It is because of the investors are optimistic about the progress of the US government’s new round of relief bill and the good performance of China’s economic statistic. In addition, U.S. President Biden’s opposition to the immediate lifting of sanctions on Iran surprised the market. This means that Iran’s crude oil cannot return to the market in a short time, which keeps the supply tight and continues to benefit oil prices.

Euro selloff supported safe-haven dollar amid positive sentiment

Euro selloff supported safe-haven dollar amid positive sentiment

Despite a bounce-back session, dollar maintains at a relative high level, that dollar index is hovering near a seven-week high on Tuesday. This safe-haven is benefited from a euro selloff overnight. One of the reasons is that lockdowns over those European countries are proved to hurt the economy, showing in the Germany retailing figures of Dec.

Typical ranging?  Market sentiment is still cautious bullish

Typical ranging?  Market sentiment is still cautious bullish

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.

Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX

ZFX: Markets open mixed amid the US holiday

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 “trade-off”. If Biden’s tax policy is implemented, the dollar’s outlook will be a bit different. And in turn, the whole market sentiment may not be that bullish.

Market Summary: Sharp Fall of Gold Price amid Elevated Treasury Yields | ZFX

ZFX: Sharp fall of gold price amid elevated Treasury yields

Stocks in Asia-Pacific markets were generally good, following the momentum last week despite currently the slight correction of the US futures. The dollar index is trading at 90.4 level, rallying from the low of 89.21. European stocks are expected to be a mixed opening on Monday, based on a bit cautious sentiment.

Market Outlook | Daily Forex Technical Analysis & Forecast | ZFX

ZFX: Weak dollar may dominate the market in the new year opening

Bitcoin has made another record, breaking $30000 mark over the weekend, touching $34000 level. It has jumped over 300% in 2020, which is another crazy move since 2017. While many investors believe that such move is abnormal, may be the biggest market bubble so far, some of them still consider that bitcoin is a market chance.