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Jason Tang
73 Articles
Jason is a Senior Economist at TradingKey’s Investment Research Team, bringing over a decade of expertise in macroeconomic research, multi-asset class analysis, and econometric forecasting. He has recently begun sharing his investment research insights through video content.
With a robust research foundation, Jason specializes in analysing macroeconomic trends in the United States, Europe and Japan, as well as developing asset allocation strategies for these major economies. Additionally, he conducts in-depth research and forecasting on trends across more than 10 foreign exchange markets.
Jason holds a Master’s degree in Economics from the London School of Economics (LSE) and successfully passed all three levels of the Chartered Financial Analyst (CFA) exams in 2014.
Written by Jason Tang
Reviewed by Jason Tang
[IN-DEPTH ANALYSIS] U.S. Treasury Turmoil: If It Happens Again, What Would Be the Impact on U.S. Stocks and the Dollar?
TradingKey - The "One Big Beautiful Bill", Moody's downgrade of the U.S. sovereign credit rating, underwhelming U.S. Treasury auction results, and fading expectations for Federal Reserve rate cuts collectively triggered the U.S. Treasury turmoil on 21 May 2025.
Tue, Jun 3
[IN-DEPTH ANALYSIS] UK: Is Long GBP/USD Still Profitable？
In the short term (0-3 months), we expect GBP/USD to rise slightly. Here, we emphasize “rising + slight”.
Mon, May 26
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Moody's Downgrades U.S. Rating: How Could a Short-Term Event Possibly Sway the Long-Term Bull Market of U.S. Stocks?
Looking ahead, with the Federal Reserve resuming its rate-cutting cycle, domestic tax reductions, and robust corporate earnings, we remain optimistic about the U.S. stock market.
Tue, May 20
U.S. April CPI Preview: Weaker-Than-Expected Inflation to Boost U.S. Stocks
TradingKey - Market consensus forecasts the April Headline CPI year-over-year (YoY) growth at 2.4%, unchanged from March. However, our analysis of leading indicators across CPI components suggests that April inflation will come in below this consensus estimate.
Mon, May 12
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Will the New Taiwan Dollar’s Surge Continue? Likely Not!
TradingKey - Recent internal and external factors have driven a sharp appreciation of the New Taiwan Dollar (TWD). Looking ahead, despite potential pressure from the U.S., Taiwan’s export-oriented economy, emerging economic weakness, and China’s monetary easing ...
Wed, May 7
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[IN-DEPTH ANALYSIS] Eurozone: EUR/USD Short-Term Outlook – One Word "Rise"; Two Words "Keep Rising"; Three Words "Continue to Rise"
TradingKey - In the short term (0-3 months), the EUR/USD exchange rate is expected to rise, primarily driven by developments on the USD side.
Tue, May 6
U.S. April Nonfarm Commentary: With Robust Employment, How Could U.S. Equities Not Rise?
The April non-farm payrolls data exceeded expectations. Should the labour market continue to demonstrate resilience, it could prevent a technical recession in the U.S. The persistent downward trend in inflation is likely to spur the Federal Reserve to restart its rate-cutting cycle. Bolstered by the
Tue, May 6
U.S. April Nonfarm Payroll Preview: Any Short-Term Stock Market Dip Is a Buying Opportunity
The April Nonfarm Payroll (NFP) report, due on 2 May 2025, is expected to show a slowdown in job growth, which may temporarily pressure U.S. equities.
Fri, May 2
U.S. March PCE Preview: PCE Set to Reverse Stock Market Decline
TradingKey - The PCE is projected to fall below consensus market expectations, likely prompting the Federal Reserve to resume its rate-cutting cycle with larger-than-anticipated reductions, which would be bullish for U.S. equities.
Tue, Apr 29
[IN-DEPTH ANALYSIS] Switzerland: "Crazy" Trump Has Driven USD/CHF to Its Lowest Point; What Lies Ahead for CHF?
TradingKey - The Swiss Franc (CHF) will be shaped by three key drivers: risk appetite, interest rate dynamics, and Swiss National Bank (SNB) interventions.
Tue, Apr 29
[IN-DEPTH ANALYSIS] Gold: Will Tariffs Push Gold Prices Down? No, They Will Only Benefit Gold
Through comprehensive analysis, we believe that gold prices still have room to rise.
Mon, Apr 14
U.S. March CPI Commentary: Tariffs Will Have Limited Impact on Inflation; Significant Fed Rate Cuts Could Trigger a Stock Market Rebound
On 10 April 2025, the U.S. released its March Consumer Price Index (CPI) data, revealing a continued slowdown in inflation. Core CPI month-over-month growth eased from 0.2% in February to 0.1% in March, while Headline CPI unexpectedly recorded a negative month-over-month figure of -0.1%.
Fri, Apr 11
U.S. March CPI Preview: Will "Reciprocal Tariffs" Drive Up Inflation? Not Necessarily!
TradingKey - On 10 April 2025, the United States will release its Consumer Price Index (CPI) data for March. Market consensus forecasts suggest that the year-over-year (YoY) increases for headline CPI and core CPI will reach 2.6% and 3.0%, respectively, down from the prior readings of 2.8% and 3.1%.
Wed, Apr 9
U.S. March Nonfarm Payroll Commentary: Non-Farm and Tariffs Are Not the Concern, Inflation Takes Centre Stage
On 4 April 2025, the U.S. released its March non-farm payroll (NFP) data, reporting a increase of 228,000 jobs, significantly surpassing market expectations of 135,000 and the prior month’s 151,000. Data also show that NFP has risen for two consecutive months.
Mon, Apr 7
[IN-DEPTH ANALYSIS] Japan: Why Will Stocks and Currency Rise Despite "Reciprocal Tariffs"?
We expect the yen to strengthen against the dollar in the short term and stabilize in the medium term.
Mon, Apr 7
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of Volatility
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000. We align with this prevailing forecast.
Wed, Apr 2
RBA Interest Rate Decision Commentary: Hitting Pause, But the Easing Cycle Isn't Over – Where Next for the AUD?
On 1 April 2025, the Reserve Bank of Australia (RBA) announced its latest interest rate decision. In line with widespread market expectations, the central bank kept its policy rate steady at 4.1%.
Tue, Apr 1
[IN-DEPTH ANALYSIS] New Zealand: No Hope for an NZD Rally
TradingKey - At the front end of the NZD/USD currency pair, the New Zealand Dollar (NZD) is expected to weaken against non-USD currencies due to the Reserve Bank of New Zealand’s (RBNZ) ongoing rate cuts, the central bank’s recent dovish remarks and the impact of Trump’s tariff policies.
Mon, Mar 24
Fed Interest Rate Decision Commentary: Rate Cuts Imminent, Shifting to an “Easing Trade”
TradingKey - On 20 March 2025, the Federal Reserve announced its March interest rate decision. Consistent with broad market expectations, the Fed maintained its policy rate unchanged at 4.25%-4.5%. Regarding balance sheet reduction, starting in April, the monthly cap on maturing U.S. Treasury...
Thu, Mar 20
Bank of Japan Policy Rate Commentary: Rate Hike May Be Less Than Expected, But It Won’t Alter the Yen’s Upward Trend
On 19 March 2025, the Bank of Japan (BoJ) announced its March interest rate decision. In line with widespread market expectations, the central bank kept its policy rate unchanged at 0.5%.
Thu, Mar 20
