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Market Focus   US equity market turned south on concerns that resurgence in coronavirus cases will lead to second wave of lockdown across US, which is distinct possible as Fauci mentioned on Wednesday ‘any state that is having a serious problem, that state should seriously look at shutting down’. United States reported more than 60,000Continue Reading

Daily Market Analysis Market Focus   Tech Stocks extended gains while XAUUSD successfully climbed over $1810 on Wednesday. US tech shares surged as investors looked past tensions between Washington and Beijing and sought out companies thought to be insulated from rising COVID-19 cases. For instance, Apple and Amazon were among the high-flying tech stocks thatContinue Reading

Market Focus Despite board members from Bank of Japan see continued high uncertainty surrounding the economy, no major change to the current monetary tools is considered. BOJ officials want to continue to closely monitor effects of previously implemented policy as the financial markets remain relatively stable and companies are not facing significant funding problems. QuarterlyContinue Reading

Daily Market Analysis Market Focus   US stocks surged, with tech shares pushing Nasdaq Composite to a record high. The DXY continued to fall for a fifth day while US Treasuries dipped. On the same note, the S&P 500 index headed towards its fifth increase as Amazon shares achieved the $3,000 threshold for the firstContinue Reading

Market Focus   Investors continue to weigh signs that global economies are on the mend against relentless new outbreaks of the virus. US payrolls data Thursday fueled optimism of a V-shaped recovery in the world’s biggest economy. Australia’s Retail Sales for May printed 16.9%, slightly above estimate of 16.3%, a big leap from previous -17.7%.Continue Reading