OANDA Group
CFXS
Newsletter
Open hamburger menu

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

MPKW-0008-Podcast-Thumbnail-Dark-1600x1600-1.png
Kelvin Wong Bio Image
By  Kelvin Wong

28 August 2023 at 13:16 UTC

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.

Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.
If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.
Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.
© 2025 OANDA Business Information & Services Inc.

About the Author

Kelvin Wong Bio Image

Kelvin Wong

Senior Market Analyst

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.