Archives

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.

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

As the coronavirus pandemic worsens in Europe and the US, investors are panic selling and finally realising the impact. Buy gold at dip?

Aussie dollar may not have bottomed yet as production capacity in China remains low

Apple Inc’s revenue warning underscored the financial fallout of the coronavirus epidemic in China. More companies may lower growth forecast for the near term. Buy XAU/USD at dip.