Market Insights Podcast – US dollar strength resurgence, RBA, and China inflation on the radar

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events, especially on the recent resurgence of US dollar strength (triggered by FOMC’s pushed back on Fed funds rate cut cycle & stellar US NFP numbers ) that may put further downside pressure on the current depressed state of China and Hong Kong stock markets.

Also on the radar to monitor will be the latest monetary policy guidance from the Australian central bank, RBA out on  Tuesday (6 February), market participants are expecting RBA to maintain its policy cash rate at 4.35%, and if it softens its prior hawkish rhetoric on the inflationary trajectory in Australia due to the recent continuation of deceleration in inflationary pressures in the past three months, the AUD/USD may see further downside pressure; also a double whammy from the negative feedback loop triggered by the bearish conditions of Chin stock market.

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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.