Sneak peek

With 88 negative earnings pre-announcements being issued by S&P 500 corporation according to Refinitiv, we expect investors to attempt to re-assess 2020 revenue and EPS prospects. Do expect huge...

Both Saudi Arabia and Russia are willing to cut oil production only if all countries follow through. This means that it will be up to the US to make a critical decision. We believe that Trump will...

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.

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?

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 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 ADP employment change doubling and jobless claims falling, we could expect a healthy NFP data though the gains should be modest. Short EUR/USD?

With more MPC members expected to vote for a rate cut tonight due to weaker UK’s growth in general, we could expect dovish sentiments from Governor Carney. GBP/JPY could slide further.

US NFP tonight may be well below the estimates, short USD/JPY & long silver (XAG/USD).

With strong US economic data and optimism from Fed speak, USD/JPY could move higher despite a 100% priced in rate cut.