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Podcast – China property developers’ debt woes, US dollar at key juncture as PCE and NFP looms.

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OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the current state of China’s economy in the light of positive performance seen today, 28 August on the benchmark CSI 300 and Hang Seng stock indices triggered by a 50% reduction in stock trading levy announced on Sunday, its first cut since 2008 Great Financial Crisis. In contrast, China property developers’ debt woes still persist as the share price of  China Evergrande plunged by 79% on Monday, their first trading day following a suspension of more than 17 months.

Next up, key technical levels on the EUR/USD are highlighted for this week as we await for the release of key US inflation (PCE) and jobs (NFP) data.

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Kelvin Wong

Kelvin Wong

Senior Market Analyst, OANDA at OANDA
Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities.

Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an expert in using a unique combination of fundamental and technical analyses, specializing in Elliott Wave and fund flow positioning, to pinpoint key reversal levels in the financial markets.

In addition, over the last ten years, Kelvin has conducted numerous market outlook and trading-related seminars, as well as technical analysis training courses, for thousands of retail traders.
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