2020

Risk assets may have yet to reach the bottom, short USD/JPY at peak

Even though the market may already be pricing a weaker NFP data, the actual data, if worse than forecast, could still spark selling pressure but in a smaller magnitude. GBP/JPY may move lower.

It's an undeniable fact that the economy is on the verge of collapse, with recession a likely possibility. Everyone knows and feels the impact of the coronavirus on every aspect of life, from daily...

Gold has always been regarded as a safe-haven asset. Ever since the introduction of centralised monetary systems, gold has been used as a primary standard and pegged to the strength of a currency....

Market confidence waned after the best week in decades, USD/JPY may continue to move lower

The numbers for US jobless claims are expected to spike higher due to coronavirus-induced layoffs. This may kill the current rally in the US stock market. Short SPX/USD?

Though Fed will buy unlimited amounts of US Treasuries and mortgage-backed securities in the new QE, it has failed to support the US stocks and weaken the dollar. SPX/USD may continue to weaken.

When risk-off continues, selling AUD/USD could be appropriate.

Even with the huge stimulus package announced, euro’s move was limited as the market felt that both the ECB and the individual countries should have taken more measures. Any rally in EUR/USD is an...

Trump administration assembled a USD1.2 trillion federal emergency fiscal package that includes sending money directly to Americans. This would temporary boost dollar due to the support offered to...

Market sees no short-term solution to combat the virus, short USD/JPY at peak

Following European Central Bank (ECB) President Lagarde’s dovish comments yesterday that the impact of COVID-19 could be as bad as the 2008 crisis, we believe ECB may dish out stimulus to support the...

With the World Health Organisation declaring the COVID-19 situation a pandemic and major central banks cutting rates, the sell-down may be far from over. Dow could fall further.

Sterling losses were erased almost immediately after optimism from the fiscal support Bank of England is going to provide. It would be better to stay at the side lines for now.

It goes without saying that to succeed as an entrepreneur, you must be willing to put in the time and effort. But making it as an entrepreneur is no longer restricted to making profits; a more well-...

The market is in extreme risk-off mode, we recommend selling USD/JPY on peak and buying gold at dip.

With the market moving into bear territory, even with a strong NFP data, the market might dismiss it as it doesn’t the true impact of COVID-19. Short USD/JPY?

With both Fed and Bank of Canada cutting rates by 50bps, the rest of the major central banks may start to follow. Long XAU/USD?

RBA’s statement has made it clear that they are ready to continue their easing cycle if the COVID-19 situation does not improve. Short AUD/JPY?

Market sentiment may reach a short-period’s bottom, long USD/JPY at dip