Date
17 November 2017

Macy Wong

Sales director, Emperor Capital Group Limited; HKEJ columnist
  • Improving economic data in Europe and Asia would support prices of Australia’s commodity exports, boosting its currency. Photo: Reuters

    Dollar weakens on fears of trade protectionism

    - Jan 18, 2017 4:35pm
    The US dollar index tumbled to a one-month low of 100.37 on Tuesday amid concern about trade protectionism and rising geopolitical risks. As a result, non-dollar currencies recovered. The Japanese yen rallied to 113 against the...
  • US non-farm payrolls data due Friday may provide further support to the greenback. Photo: Reuters

    US dollar poised for further gains

    - Jan 4, 2017 4:49pm
    Powered by a rally in the last quarter, the US dollar posted a 3.7 percent gain in 2016, helping the unit advance for the fourth straight year. More than a week into the New Year, the...
  • Federal Reserve chief Janet Yellen’s remarks that the US job market is entering the strongest period in nearly a decade boosted rate hike expectations and sent the dollar higher. Photo: Reuters

    Rate hike expectations lift dollar, hit gold prices

    - Dec 21, 2016 5:08pm
    Gold and foreign exchange markets both revolve around a major trading theme these days — expectations of a faster pace of US rate hikes next year. Janet Yellen’s upbeat remarks on the job market have intensified...
  • After Italians voted down Prime Minister Matteo Renzi’s constitutional reform plan, the risk of eurozone breaking up has increased. The euro is thus expected to stay under pressure. Photo: Reuters

    Italian referendum result points to a weaker euro

    - Dec 7, 2016 4:24pm
    Italy’s Prime Minister Matteo Renzi is preparing to resign after voters dismissed his plans for constitutional reform. If Italy’s anti-establishment Five Star Movement wins the next general election, it will almost for certain call for a...
  • The euro has drawn support from Angela Merkel’s decision to run for a fourth term as German chancellor. Photo: Reuters

    As US dollar takes a pause, what lies ahead for euro?

    - Nov 23, 2016 4:36pm
    US dollar has taken a pause after gaining for ten straight days following Donald Trump’s victory in the American presidential election. As the greenback stalled, the euro was able to bounce back from a 11-month trough...
  • The US dollar could test the 200-day moving average of 107.5 against the yen on the back of strong economic data and rate hike expectations. Photo: Reuters

    US dollar stays strong amid solid data, rate hike expectations

    - Oct 26, 2016 4:38pm
    Upbeat US manufacturing data and the latest remarks by a Federal Reserve official have increased the chances for a rate hike before the year ends. The US dollar index soared to 98.85 on Monday, extending the...
  • Some analysts link the pound sterling's fall to a Financial Times report on Russia's VTB Bank’s plan to move its European headquarters out of London. Photo: Reuters

    Sterling to weaken further on Brexit concerns

    - Oct 12, 2016 4:21pm
    Sterling weakened below 1.23 against US dollar on Tuesday on concerns of economic shock from Britain’s decision to leave the European Union. The pound trade-weighted index slumped to an eight-year low of 74. Some analysts linked...
  • Rome’s newly elected mayor Virginia Raggi is from the anti-EU party Five Star Movement. Her victory could pose a serious threat to Prime Minister Matteo Renzi's government. Photo: Reuters

    Why Italy’s referendum holds key to the fate of euro

    - Sep 28, 2016 4:58pm
    Italy will hold a referendum on constitutional reform on Dec. 4 involving a proposal to slim down the country’s legislature and speed up lawmaking. Prime Minister Matteo Renzi’s Democratic Party first made the proposal in April...
  • The weak Aussie has provided support to several key service sectors including tourism, education and corporate services. Photo: Australia.com

    Strong Australian economy to help stabilize currency

    - Sep 14, 2016 5:15pm
    Australia expects to sustain its robust economic growth, lower the unemployment rate and push up wages and inflation, Reserve Bank assistant governor (economic) Christopher Kent said in an upbeat speech on Tuesday. “If commodity prices were...
  • Technical charts show that the price of gold may retreat further to US$1,308 or even US$1,287 an ounce. Photo: Bloomberg

    Gold, yen show weakening trend

    - Aug 31, 2016 4:06pm
    Remarks made by Federal Reserve chair Janet Yellen and vice chair Stanley Fischer have reignited speculation that interest rates will be raised soon, sending gold prices to a five-week low. Yellen said in the Jackson Hole...
  • George Soros slashed his fund’s gold position after a rally in the second quarter. Photo: Bloomberg

    Gold prices at a crossroads

    - Aug 17, 2016 4:51pm
    The US dollar remains largely range-bound as investors are still divided over the next US rate hike. Fed officials are hinting at a rate hike before the year is out, but the market is only discounting a...
  • Gold prices are expected to trend upward in the medium term. The yellow metal is likely to hit US$1,361 to US$1,370 an ounce as long as it stays above US$1,330. Photo: Bloomberg

    Poor US data boosts gold and silver

    - Aug 3, 2016 5:07pm
    Disappointing second-quarter GDP data in the US sent mixed signals to the market. Investors are closely watching the upcoming July non-farm payroll data. Meanwhile, the Federal Open Market Committee did not give a clear timetable for...
  • The euro has failed to break above 1.12 against the dollar, a key resistance level, over the last three weeks. Photo: Bloomberg

    Euro under pressure as market expects further stimulus

    - Jul 20, 2016 5:25pm
    The military coup in Turkey has been quashed, easing some of the market concerns over geopolitical risks. The Japanese yen and gold both fell back on Monday. President Recep Tayyip Erdogan has accused exiled cleric Fethullah Gulen...
  • Silver has outperformed gold so far this year, with Chinese buyers driving the rally. Photo: Reuters

    Silver may gain further after outperforming gold

    - Jul 6, 2016 5:03pm
    London silver price soared to a two-year high on Monday. The metal surged more than 7 percent in Asian trading hours, crossing the US$21 per ounce mark for the first time in two years. It marks...
  • Following the Brexit vote, the euro is likely to remain weak in the near term despite intermittent rebounds. Photo: Bloomberg

    Currency markets face further volatility after Brexit

    - Jun 30, 2016 10:29am
    Sterling and euro plunged after the stunning Brexit vote. As investors fretted about political and economic uncertainties in Europe, capital flowed into perceived safe-havens like the US dollar, Japanese yen and gold. More than 3.5 million...
  • The euro rose in tandem with sterling to 1.1382 on Monday. Britain's central bank will not intervene in the currency market but will take all necessary steps to ensure order. Photo: Bloomberg

    Nervous global markets brace for Brexit decision

    - Jun 22, 2016 3:55pm
    Investors are anxiously awaiting the outcome of tomorrow’s British referendum on whether the country should stay in the European Union or leave. The result could have a profound impact worldwide, potentially sending financial markets to the...
  • Gold continues to attract investors amid rising uncertainties in the market. Photo: Bloomberg

    Gold rises above US$1,300 on Fed statement, safe haven demand

    - Jun 16, 2016 11:45am
    Gold on Thursday climbed above US$1,300 to the highest level in six weeks after the Federal Reserve scaled back the outlook for interest rate increases, Bloomberg reports. Bullion for immediate delivery advanced 0.7 percent to US$1,300.66...
  • Currency traders will keep a close eye on the New Zealand central bank's interest rate decision on Thursday. Photo: Bloomberg

    New Zealand dollar faces downside risk

    - Jun 8, 2016 4:23pm
    Gold price rally appears to have run out of steam after a sharp uptick on June 3. But the yellow metal is still up 2.4 percent this month as a dismal US jobs report has bolstered...
  • US non-farm payrolls will be known on June 3 when the federal government releases its latest jobs data. Photo: Bloomberg

    US dollar strengthens amid growing rate hike expectations

    - Jun 1, 2016 3:46pm
    All eyes are on the upcoming US non-farm payroll data out on June 3. The figures are expected to show an increase of 170,000 jobs in May, slightly more than in April, and a 0.2 percent...
  • James Bullard, president of the St. Louis Federal Reserve Bank, said the United States has maintained low interest rates for an excessively long time, and this could cause instability for financial markets. Photo: Bloomberg

    Rising rate hike expectations boost US dollar

    - May 25, 2016 4:30pm
    The market has become more cautious ahead of Federal Reserve chief Janet Yellen’s speech this week. Minutes of the last Federal Open Market Committee meeting show rising odds for a rate hike in June or July,...

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