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 126 articles
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
Fed Interest Rate Decision Preview: Powell's Speech Is the Key Focus
On 20 March 2025, the Federal Reserve (Fed) will announce its interest rate decision for March. The market widely anticipates that the central bank will keep its policy rate unchanged, maintaining it within the range of 4.25%–4.5%. We align with this consensus outlook.
Wed, Mar 19
Bank of Japan Interest Rate Decision Preview: Pause on Rate Hikes Already Priced In, Minimal Market Movement Expected on the Day
On 19 March 2025, the Bank of Japan (BoJ) will announce its March interest rate decision. The market widely expects the central bank to maintain its policy rate unchanged at 0.5%. We align with this consensus forecast.
Tue, Mar 18
[IN-DEPTH ANALYSIS] Trump Policies: Market Overreacted, Remain Bullish on Stocks
We believe the market is currently overemphasizing the impact of tariffs while overlooking other economic and political factors. In summary, we remain bullish on both U.S. and European stocks.
Mon, Mar 17
Japan's "Shunto" Preview: Bank of Japan Rate Hike Imminent, Boosting the Yen
TradingKey - The Shunto—short for the Spring Wage Offensive—is Japan’s annual nationwide labour-management bargaining event held every spring. Typically, Shunto unfolds in three stages: In the first round, employers discuss potential wage increases; in the second, workers at various companies...
Wed, Mar 12
U.S. February CPI Preview: Is the Era of Stagflation Approaching?
On 12 March 2025, the United States will release the Consumer Price Index (CPI) data for February. Market consensus predicts that the year-over-year growth rates for Headline CPI and Core CPI will reach 2.9% and 3.2%, respectively, both lower than the previous figures of 3.0% and 3.3%.
Tue, Mar 11
[IN-DEPTH ANALYSIS] South Korea: The KRW is a One-Way Bet. Downward!
In the medium term (3-12 months), as the USD Index peaks and retreats, coupled with the stabilizing effect of the National Pension Service’s (NPS) FX hedging program, the KRW is likely to enter a range-bound fluctuation.
Tue, Mar 11
[IN-DEPTH ANALYSIS] Canada: Why Shorting the CAD Seems Like a Sure Thing?
Given the uncertainty surrounding Trump-era policies, we evaluate two scenarios: 1) Tariffs avoided or delayed; 2) Broad-based tariffs implemented.
Tue, Mar 11
