ZFX: Signs of recovery? Risk-on trades dominate?
The Non-farm Payroll figures last Friday showed a surprising improvement in the labor market of the US. Risk appetite was further boosted by the hopes of global economy recovery, dragging down the safe-haven demand. In European session on Monday, non US currencies like Euro, Aussie and Kiwi all slightly rose as the market sentiment has improved. Although there is still concern over US-China tension, RMB is still trading higher due to the weakening dollar. However,
ZFX: Not harsh? Markets optimism resumed after Trump’s response
Market sentiment was very cautious on Friday before Trump’s press conference. Investors were worried that the US would take aggressive measures against China, including economic sanctions. However, President Trump did not mention much that the traders feared. With lack of details, the Wall Street bounced back in the US late session, which the Dow edged lower, S&P 500 rose 0.48%, and the Nasdaq performed the best closing 1.29% higher. Stocks in Asia Pacific were higher on
ZFX: Trump’s power? propped up risk aversion
The hope of the economy restart was still supportive to the global stock markets. On Thursday, the Wall Street three major indexes rose in the US earlier session. The latest economic figures in US were generally in line with expectations, which had no much impact on the sentiment. However, it is reported that President Trump will hold a press conference regarding “China” on Friday. Investors are worried the escalation of tension between China and the US, causing a sharp retreat
ZFX: China-US tension weighed on sentiment moderately?
The three major indexes rose again on Wednesday, as investors keep betting on the economy reopening. The rising tension between China and the US seemed to have no much impact on the stock markets. However, cautious sentiment was reflected in other markets on Wednesday, like FX and Gold. The greenback once plummeted to the day low 98.72, and bounced back strongly to 99 level afterward. Gold price moved like V-shaped, dropping to around $1693 due to the fluctuation of the dollar.
ZFX: Recovery optimism overshadowed China-US tension
The three major Wall Street indexes rose on Tuesday as investors are betting on the reopening of the global economy. The US economic figures were generally better than expected, boosting optimism in the market. And, the news from coronavirus vaccine development was also positive to the sentiment. Dollar fell across the board on Tuesday due to the unwinding of the safe-haven demand. Gold price also traded lower at around $1700 under the “risk on” mode. However, the risk appetite faded out
ZFX: Market sentiment was boosted? vaccine hopes again?
The US markets were closed on Monday for the Memorial Day holiday. However, the market moves showed that the investor sentiment turned to a bit bullish. Dollar dipped and the oil price rose, which were mainly due to the expectations of lockdown measures easing. In the early session on Tuesday, the drop of the dollar and the rally of the stock market index futures of Europe and the US have implied the risk-on mode already. The vaccine news from Novavax, a vaccine development company
ZFX: Cautious sentiment fuels demand for safe-haven assets this week
The rising tension between China and the US would be the main theme in the financial market in the coming days. Investor sentiment is highly cautious. However, the stock markets were just mixed in Asian session on Monday. The move was not bad last Friday during US session, meaning that the sentiment was not that bearish due to the economies reopening worldwide. As there is no important figures announcement early this week, the whole market is likely to focus on the news from
ZFX: US-China tension was escalated, offseted the hopes of economic recovery
The fears of the China-US relation deterioration turned on the “risk off” mode. Even though some of the economic figures were positive to the stock markets, the three major Wall Street indexes edged lower on Thursday. ZFX analyst Jacob Leung said that, market sentiment changed to bearish. Some of the investors believe that the worst has passed, while some of them are still doubtful. On Thursday, Gold price fell more than 1% to around $1717 level. The recent
ZFX: Hopes on Fed’s policies propped up the investment sentiment
As the market expects the Fed will take further action to cope with the economic downturn, investment sentiment turned to be bullish again on Wednesday. Some other factors were also supportive, including reopening economies, rally of the oil prices, hopes on the vaccine development and relatively weak dollar, making the three major Wall Street indexes jumped higher. The FOMC minutes of April meeting showed that members were worried about the economic outlook of the US
ZFX: Vaccine optimism cooled, investors tend to be cautious
On Wednesday European session, investors are cautious as the market doubted the good news from the coronavirus vaccine development. According to the STAT News report, several experts said that Moderna, a Biotech company in the US, did not provide enough information to assess the effectiveness of the Covid-19 vaccine. The investor sentiment weakened after the news on Tuesday, causing the three major Wall Street indexes closed lower, of which the Dow dropped nearly 1.6%. Today, Asian
CategoriesAnalyst Insights (43)Daily Outlook (69)Forex Analysis (45)Global Stock Markets (2)Gold Market Analysis (17)Oil Market Analysis (14)