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Jason Tang

💼TradingKey Macroeconomic Analyst

🏅CFA (Chartered Financial Analyst)

🎓London School of Economics and Political Science | Master in Economics

📊Macroeconomy | Major Assets | U.S. Stocks | U.S. Bonds | Forex | Gold

Summary

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.

Areas of Expertise

Analysing macroeconomic trends in the U.S., Europe, and Japan
Research asset allocation strategies (such as Stocks, Bonds, Forex, Commodities)
Conducting in-depth research and forecasting on Cryptocurrencies, Gold, and over a dozen Forex markets

Experience

TradingKey｜Macroeconomic Analyst 2024 – Present (Hong Kong) GF Securities｜Macro Strategist 2023 – 2023 (Hong Kong) Qatar National Bank｜Macroeconomic Analyst 2021 – 2022 (Doha, Qatar) TheCityUK｜Economic Analyst 2017 – 2021 (London, United Kingdom) Fitch Ratings｜Quantitative Economist 2008 – 2016 (London, United Kingdom)

Total 134 articles

Fed’s October Rate Cut: "Equity-Gold Allocation" as the Optimal Strategy – Stock ETFs or Individual Stocks? Gold ETFs or Gold Stocks?

TradingKey - Overbought technical conditions triggered profit-taking, driving the sharp declines in U.S. stocks on 10 October and gold on 21 and 27 October.

Fed’s October Rate Cut: Easing Cycle Continues, Gold Likely to Keep Rising

In an environment of sustained rate cuts, we remain optimistic about gold's performance over the next 12 months.

U.S. September Inflation: Prices Out of Control? Under Control? Gold's Sharp Drop—Will It Surge Again?

TradingKey - Gold prices have surged this year, with the latest rally primarily driven by the collapse of U.S. regional banks and the "No Kings" protest movement. Looking ahead, the U.S. September inflation data—due for release on 24 October—will be the pivotal event shaping gold's near-term...

"No Kings" Protests: If It Persists, Sell U.S. Stocks and Buy Gold

TradingKey - On the morning of Saturday, 18 October, large-scale demonstrations broke out in multiple U.S. cities, where people protested against Trump's policies. Rallies were held in cities including New York, Washington, D.C., Chicago, Miami, and Los Angeles.

Trump to Interview Fed Chair Candidates: A Dove is Most Likely to Be Selected, Bullish for Gold

TradingKey - In recent years, gold has experienced an epic bull market, with prices soaring continuously, allowing gold bulls to reap substantial profits (Figure 1). Looking ahead, can gold bulls—particularly medium- to long-term investors employing a buy-and-hold strategy—continue to achieve high..

Trump Meets Zelenskyy: Selling Tomahawk Missiles, Gold Investors Set to Profit Big?

Should this plan materialise, it could escalate the Russia-Ukraine conflict, heightening global uncertainty and further driving gold prices upward.

UK August GDP: Economy & Assets—Set to Collapse?

TradingKey - The UK is scheduled to release its August GDP figures on 16 October, with the market widely anticipating a 0.1% month-on-month increase in real GDP (Figure 1). If this expectation is fulfilled, it will represent the UK economy’s third consecutive month of recovery, following two straigh

FOMC October Meeting Minutes: How Should Investors Respond?

In the context of the U.S. government shutdown and a period of limited economic data, the Federal Reserve’s release of its latest monetary policy meeting minutes and officials’ statements on 8 October will be particularly significant.

Is the UK Economy Headed for Collapse? Will Assets Face a "Triple Slump" in Stocks, Exchange Rates, and Bonds?

Many investors and analysts assert that the UK economy is on the brink of collapse, with its assets facing a "triple slump" across stocks, foreign exchange, and bonds.

U.S. Government Shutdown Commentary: Is a Stock Market Crash Imminent? Will Gold Prices Continue to Surge?

TradingKey - On 1 October 2025, the U.S. federal government officially entered a shutdown, impacting various asset classes. This article analyses two key markets most affected—U.S. equities and gold—to help investors identify potential opportunities.

U.S. Government Shutdown: If It Happens, Economic Bad News Could Be Good News for Stocks

TradingKey - If the U.S. government experiences a shutdown, it could lead the Federal Reserve to stick with its current pace of interest rate cuts, or even accelerate them if the shutdown lasts longer and causes deeper economic disruptions.

U.S. Q2 GDP Commentary: Unsustainable Growth Rebound, What’s Next for the Stock Market?

TradingKey - On 25 September 2025, the U.S. released the final Q2 GDP data. The data showed that the annualised quarter-on-quarter real GDP growth rate was 3.8%, surpassing the preliminary estimates of 3% in July and 3.3% in August.

U.S. August PCE: Inflation Remains the Market's Greatest Risk

Our baseline forecast anticipates sustained asset price increases. However, if inflation surpasses market expectations in the coming months, it could hinder further rate cuts and pose the greatest risk to financial markets.

Fed Rate Cuts: Will the Russell 2000 Outperform the S&P 500?

TradingKey - On 17 September, the Federal Reserve cut interest rates by 25 basis points, marking the official restart of the rate-cutting cycle. In theory, small-cap stocks, compared to large-cap stocks, benefit more from Fed rate cuts. This is because they are more reliant on external financing...

September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?

TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...

UK July GDP Commentary: Can GBP Break Through Its Current Fluctuation?

After considering multiple factors, given the evident weakness on both sides of this currency pair, we expect the GBP/USD exchange rate to maintain its current fluctuation trend in the short term.

U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?

TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%

Japan Q2 GDP Commentary: Growth Revised Upward, Yen May Rise

TradingKey - On 8 September 2025, Japan released the revised Q2 GDP figures. The data showed that real GDP grew by 0.5% quarter-on-quarter, surpassing market expectations of 0.3% and the previous quarter’s 0% growth.

Fed to Cut Rates: All Asset Prices Up!

TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.

U.S. August Nonfarm Payroll Preview: Risks Focus on Downward Revision of July Data

TradingKey - On 5 September 2025, the U.S. Department of Labour will release the August Non-Farm Payrolls report. The market widely expects August to see an addition of 75,000 non-farm jobs, roughly in line with July’s 73,000.

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