• Gold’s Renewed Momentum Hints Markets are Worried about US Inflation

    Gold’s renewed momentum was one of the most notable market events this week, sending price to a new 2020 high: It looks like bulls and bears argued for two months about the direction as the price stalled in the range between key levels of $1680 – $1745. Finally, sellers capitulated. Last month, around May 18, […]

  • Gold Price Drops: What’s Next?

    Today we review potential future of the gold, currency pair EUR/USD, and the British pound.

  • Daily Commodity Outlook, May 6, 2020

    The market showed directionless as stocks in Asia began the session mixed, with investors weighing optimism that more economies are moving toward easing lockdowns against cautionary comments from Federal Reserve officials. Oil extended its rebound. The biggest concern in the market is regarding the infection rates and whether there is the so-called second wave, so […]

  • Daily Commodity Outlook, April 30, 2020 

    Asian stocks rose on the final day of the month amid optimism from the Covic-19 progress. S&P ended over 2.5% higher to a seven-week high. Gilead announced that its experimental drug helped Covic-19 patients recover faster. Japanese shares climbed more than 1.5% with Nasdaq futures advanced after results from Microsoft CorpFacebook and Tesla all printed […]

  • Daily Market Outlook, April 28, 2020

    Asian shares and U.S. stock futures went lower on Tuesday, erasing Monday’s gains as a renewed decline in oil prices overshadowed optimism.  Although we have seen easing of coronavirus-related restrictions globally, risk aversion is still dominating the market today. From Italy to New Zealand, governments announced the easing of restrictions, while Britain said it was […]

  • Daily Market Outlook, April 27, 2020

    Asian stocks edged higher on low volume after S&P ended higher on Friday. Today’s focus will be on Japan’s central bank, which is expected to expand monetary stimulus for the second straight month to ease corporate funding strains and finance huge government spending. The central bank is said to follow suit to join the Fed […]

  • Daily Market Outlook, April 24, 2020

    S&P 500 opened higher on Thursday, shrugging off the 4.4 million Americans who applied for unemployment benefits. But U.S. equities pulled back on reports that Gilead’s coronavirus drug Remdesivir failed in its first trial in China. The S&P 500 finished lower, the Dow inched higher, and the Nasdaq was flat. Oil rose and bonds rallied, […]

  • Daily Market Outlook, April 22, 2020

    The market remains risk-off amid the worries about oversupply of crude oil. Asian stocks edged lower on Wednesday morning for a third day after a volatile session in the U.S. that ended lower. The collapse in U.S. crude prices is keeping a cap on those risky assets. As the difficulties of restarting the U.S. economy […]

  • Daily Market Outlook, April 21, 2020

    The market remains risk-off amid the shock of WTI turning negative overnight. Asian stocks edged lower in Tuesday morning for a second day. South Korea stocks and the won slide after CNN reported that North Korea is in grave danger after surgery. U.S. Treasuries were little changed. The euro held steady as caution set in […]

  • Daily Market Outlook, April 20, 2020

      Market turns risk-off amid doubts over the US’s plan to reopen the world’s largest economy as the novel coronavirus pandemics showed no signs of easing.  E-Mini futures for the S&P 500 ESc1 slipped 0.2%, having jumped last week on hopes some U.S. states would soon start to re-open their economies.  The dollar found support […]

  • Daily Market Outlook, April 17, 2020

      Market turns risk-on after a report that Gilead’s remdesivir drug showed promising results for Covic-19 patients. Meanwhile, the market is also cheering the news that President Trump plans to release guidelines allowing state-by-state economic reopening.   AUD and NZD are also surging to start Friday’s session, triggered by the risk-on sentiment. The market has shrugged […]

  • Daily Market Outlook, April 16, 2020

    Asian stocks fell on Thursday after U.S. stock retraced from recent high on Wednesday night.  Risk aversion is coming back to the market after a slew of sluggish data from both corporate earnings and macroeconomic releases. Treasury yields ticked lower and the USD rebounded. Earning reports have offered a reality check on the impact of […]

  • Daily Market Outlook, April 14, 2020

    Asian stocks were mixed on Wednesday after U.S. stock surged to a one-month high. Treasury yields and the USD were little changed. On Tuesday, Johnson& Johnson, JPMorgan Chase and Wells Fargo reported their latest earnings and showed a mixed picture. Johnson & Johnson was forced to cut its full-year guidance due to the pandemic, but […]

  • Daily Market Outlook, April 14, 2020

    Global stocks were mixed on Tuesday ahead of the coming earnings season. U.S. equity market retreated on Monday and its futures are pointing at a flat open on Tuesday. Meanwhile, treasury yield edged lower and while USD traded sideways. The U.S. equity market is expecting another wave of earnings releases from companies this week. Uncertainty […]

  • Daily Market Outlook, April 13, 2020

    U.S. futures dropped, while Asian open saw mixed sentiment in Japan, South Korea, and China. USD dropped after OPEC+ agreed to cut 9.7 million barrels a day from the global crude output. Risk appetite is neutral on Monday with the Asian equity market mixed after a celebration of an oil production cut. JPY is picking […]