Monthly Archives: July 2020

Daily Market Analysis Market Focus   President Donald Trump floated the idea of delaying this year’s US election on Thursday, suggesting “with the Universal Main-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRADULENT Election in history.” Meanwhile, we witnessed what the pandemic could do to US economy, USContinue Reading

Daily Market Analysis Market Focus   Fed Chairman Jerome Powell signifies that the Federal Reserve will do whatever it can to help the U.S. economy and its labor market. The U.S. stocks climb on speculation as investors are looking for a potential rebound through a batch of corporate earnings and the economic stimulus from theContinue Reading

Daily Market Analysis Market Focus   The Fed extended most of its emergency lending programs by three months, to help revive the desperate economy. Since mid-March, the Federal Reserve has opened nine emergency programs aimed at injecting liquidity into short-term credit markets and extending credit to businesses and local governments. The facilities have the potentialContinue Reading

Daily Market Analysis Market Focus   U.S. stocks rebounded today as investors disregarded increasing coronavirus cases and the tensions between the U.S. and China. In the meanwhile, as the unveil of having another batch of stimulus check in the U.S., investors betted on their hope on more stimulus to revive a battered domestic economy ahead.Continue Reading

Market Focus   Diplomatic tension continued to escalate between China and US, where Beijing ordered the US to shut a consulate in Chengdu in an eye-for-an-eye retaliation. The Chinese Ministry of Foreign Affairs said Friday that the consulate’s closure was a “legitimate and necessary response to the unjustified act by the US.” US equity marketContinue Reading

Daily Market Analysis Market Focus U.S. stocks are push higher after the Congress is negotiating a new stimulus plan, and most importantly European Union leaders have agreed to support the virus- damaged regions. Along with the financial supports, the U.S. market is added to its highest since February 2020, with positive vaccine news. Several majorContinue Reading

Daily Market Analysis Market Focus   US stocks advanced to the highest since February as investors were confidence on potential virus vaccine development. On the other hand, former Fed Chairs Yellen and Bernanke were not so optimistic on US economy and commented “the unknown depth and duration of the recession means downside risks are building.”Continue Reading

Weekly Analysis Market Wrap (Weekly Basis) EURUSD It has been a choppy week for EURUSD, but it still managed to push its price higher over the past week, growing from 1.1300 region to 1.1443 and heading to its best level since the spike in March. Looking ahead, news such as WH Economic Advisor Kudlow’s statementContinue Reading

Daily Market Analysis Market Focus   Technology shares pushed U.S. stocks lower for the first time in three days after investors rotated out of this year’s top performers. Treasuries gained with American initial jobless claims posting their smallest weekly decline since March. The tech-heavy Nasdaq 100’s 0.7% decline was among the largest of major U.S.Continue Reading

Daily Market Analysis Market Focus  US equity index are riding on positive news from biotech company Moderna Inc., where it reported promising trial result. The vaccine developments brought a rush of optimism to the financial markets that have struggled to make headway recently in the face of record high outbreak figures. However, stocks were fadedContinue Reading