OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, Asian stock markets started the week with a bright spark as more stimulus measures are enacted out from China. This time round, China has announced a $45.5 billion semiconductor investment fund (Big Fund III), its largest funding till to date to propel development of the the domestic chip industry amid the ongoing US-China Tech War.
Secondly, key inflation data from Tokyo, US and Eurozone will be released on Friday, 31 May where the consensus is expecting core inflation for May in Eurozone to plateaued 2.7% y/y after a deceleration for the prior eight months.
Lastly, China NBS Manufacturing and Non-Manufacturing PMIs for May will be closely monitored to see whether April’s recovery can be maintained.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. 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 access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Kelvin Wong
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.
Latest posts by Kelvin Wong (see all)
- Nasdaq 100 Technical: At risk of staging a multi-week corrective decline - 20 December 2024
- Gold Technical: A less dovish Fed may reinforce a medium-term corrective decline - 16 December 2024
- AUD/USD: Surviving at the 0.6360 key support (for now) but the long-term trend remains bearish - 13 December 2024