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.
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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)
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