ZFX: Confidence restore? Dow make a history again
Review: On Tuesday (March 24), investors began to return back to the stock market after digesting the news of unlimited QE. With the hope that the Republican and Democratic parties will agree on the $2 trillion stimulus plan, the three major Wall Street indexes skyrocketed. The Dow rose more than 2000 points, up 11.4%, the biggest one-day percentage gain since 1933. The gold market continues to surge, no matter gold, silver, palladium, and platinum. Under the factor of
ZFX: Helicopter Money is here! Gold price jumped but not stock?
Review: Monday (March 23) the global financial markets are still pessimistic. However, a breaking news rocked the market causing volatility. Before the US market open, the Federal Reserve (Fed) announced that it will implement an unlimited version of quantitative easing (QE). The Fed announced that it will buy assets like US Treasury and Mortgage-Backed Securities (MBS) “in the amounts needed” to deal with the coronavirus crisis. The Fed said that in order to keep
ZFX: Coronavirus fears continue, stocks tumble again
Review: On Friday (March 20), the financial market was gloomy again. The three major Wall Street indexes fell, and the Dow dropped below 20000 again. Although so many countries around the world have launched a series of stimulus plans, at the same time, more and more strict anti-epidemic measures have been implemented to restrict people movements and activities, which on the other hand is harmful to the global economy. The whole market is worried that the global economy will
ZFX: Crisis continues, the fourth market halt in two weeks
Review: On Wednesday (March 18) the financial markets were panic again. Even though the Trump administration launched the economic stimulus package which over $1 trillion, it failed to relieve the worry of the global pandemic. The three major Wall Street indexes plummeted again, triggering the market halt again. The Dow once plunged more than 2000 points, eventually fell 6.3%, and closed below the 20000. The oil price war between Saudi Arabia and Russia continued to
ZFX: A trillion dollars! Boost the market sentiment
Review: On Tuesday (March 17), good news in the financial market is that Trump administration is considering launching a massive economic response package, which is reported to be over 1 trillion USD, to stabilize the economy. The three major Wall Street indexes all rose over 5%, which the Dow has again over 1000 points move. ZFX analyst Jacob Leung said that even if investor confidence seemed to improve, but the stock market fluctuated extremely during the day, and
ZFX: Failing to calm coronavirus fears, cash out!
Review: On Monday (March 16), the financial market was still panic. Global stock markets have dropped sharply like disaster. The Dow plunged near 3000 points, the biggest drop since 1987. Even though the Federal Reserve announced another emergency rate cut to zero, together with the $700 billion quantitative easing (QE), the three major Wall Street indexes plunged over 10%, triggering the fourth market halt in history. The S&P 500 index fell by about 12%. The Dow fell 2997
ZFX: Emergency! Financial market keeps making history
Review: Last Friday (March 13), US President Trump declared a state of emergency to respond to the coronavirus pandemic. The US government will prepare $50 billion fund to deal with the epidemic. He also said that 500,000 sets of virus detection reagents will be launched that inspiring the whole market sentiment. The three major Wall Street indexes closed near the day high, all rose more than 9%,the best daily performance since the financial crisis in 2008. After the
ZFX: Market crash again and again, Black Friday fear?
Review: On Thursday (March 12), the financial market continued to collapse, the global stock market dropped sharply again and the three major Wall Street indexes all fell by nearly 10%. During the period, the market halt was triggered again and trading is suspended for 15 minutes. The Dow eventually fell 9.99% and fell more than 2350 points, the worst day since the stock market crash in 1987. The new coronavirus pneumonia epidemic continues. Investor
ZFX: Wall Street technically bearish? Market conditions still disturbing
Review: On Wednesday (March 11), the market remained uncertain, the three major Wall Street indexes plunged sharply, which the Dow fell by 5.86%, more than 1,400 points, erased all Tuesday's gains. The WHO officially announced the new coronavirus (COVID-19) as a "global pandemic", once again hit the market sentiment. Also, there has no further details about the Trump’s policies, triggering market disturbing. ZFX analyst Jacob Leung said, it is generally
ZFX: financial market keep volatile, fluctuations are expected
Review: Tuesday (March 10) financial markets are still in a sensitive state. After another "Black Monday", investors are paying close attention to the news of the OPEC and Trump's policies. The trend of various markets such as gold and forex still very uncertain. So far investors were not sure about the details of Trump's policies, but it was reported that Trump might lower income tax rate to 0%, which caused strong buying in the market. The three major Wall Street indexes
CategoriesAnalyst Insights (37)Forex Analysis (39)Daily Outlook (63)Oil Market Analysis (14)Gold Market Analysis (17)Global Stock Markets (2)