Esteban Ma
454 Articles
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, mainly focusing on covering equities, cryptocurrencies and commodities. With two years of experience in crypto at Gate.io Research and three years in comprehensive finance, he specializes in cryptocurrency industry analysis and macroeconomic analysis.
He passed the Certificate of Security Qualification(CSQ) and Certificate of Futures Qualification(CFQ).
Written by Esteban Ma
Reviewed by Esteban Ma
The Oil Price Dilemma: Trump Favors $40, Call Options Bet on $95
TradingKey - With Donald Trump expressing a continued preference for lower oil prices, the market now faces a dilemma: should it follow Trump’s rhetoric or economic fundamentals?
Wed, May 14
Is the Dollar Rally Just a Blip? Hedge Fund Watcher: The Multiyear Dollar Bear Market Has Just Begun!
TradingKey — Following the U.S.-China tariff agreement reached in Geneva, the U.S. Dollar Index (DXY) saw a sharp rebound, only to experience its biggest drop in a month shortly after. Although the easing of trade tensions has somewhat calmed bearish sentiment toward the dollar, analysts warn that..
Wed, May 14
Trump's Middle East Visit: Saudi Arabia Pioneers the AI Era, U.S. Secures Trillion-Dollar Investment, NVIDIA and AMD Surge
TradingKey — U.S. President Donald Trump’s Middle East visit has brought both Saudi Arabia’s AI development vision and major U.S. tech and manufacturing firms into focus, culminating in the largest commercial agreement ever signed between the two countries.
Wed, May 14
U.S.-China Tariff Truce: Wall Street Rushes to Rewrite Reports – No Recession, Bull Market Continues
TradingKey – Following the U.S.-China agreement to significantly cut tariffs after the Geneva negotiations, Wall Street giants like Goldman Sachs and JPMorgan Chase rushed to revise their economic forecasts, flipping from bearish to more bullish stances: lowering recession risks, raising GDP...
Tue, May 13
Elon Musk in Politics for Three Months – Did “Tesla Killers” Really Have a Happy Q1?
TradingKey – Tesla (TSLA.US) remains the dominant force in the U.S. and global electric vehicle (EV) market. However, with Elon Musk’s transition to head the Department of Government Efficiency (DOGE), anti-Tesla sentiment surged across the U.S. and Europe — offering opportunities for Tesla killers.
Tue, May 13
As Apple Remains Lagging from Tariff Shock, Cook Calls Trump and Slashes iPhone Prices Ahead of 618 Sale
TradingKey – The unexpected U.S.-China trade breakthrough sent Apple’s stock (AAPL.US) soaring over 6%, yet Apple remains the only major tech giant that has not fully recovered its losses since President Trump announced new tariffs on April 2 — “Liberation Day”. Facing mounting pressure, Apple is...
Tue, May 13
U.S. April CPI Report Incoming – A Major Test of Trump’s Tariff Impact
TradingKey – At 8:30 a.m. ET on Monday, May 13, the U.S. will release its April Consumer Price Index (CPI) report, widely seen as the first key indicator to reflect the inflationary impact of President Trump’s new tariffs and the escalating trade war.
Tue, May 13
China’s Ace, America’s Achilles’ Heel: Is Rare Earth the Key to the U.S.-China Tariff Cut?
TradingKey – The first round of U.S.-China economic and trade talks concluded with both sides agreeing to significantly cut tariffs — a move officially justified by the importance of bilateral trade relations for both nations and the global economy. However, behind the scenes, strategic industries..
Mon, May 12
Cryptocurrencies Did Not Rally After the U.S.-China Trade Deal. Is the Tariff Agreement Bullish or Bearish?
TradingKey – Following the conclusion of U.S.-China tariff negotiations, both countries jointly announced on May 12 a temporary 90-day reduction in tariffs, with cuts far exceeding market expectations. While risk assets such as U.S. equity futures and oil prices surged in response, Bitcoin (BTC)...
Mon, May 12
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U.S.-China Tariff Deal Exceeds Expectations, Risk Assets Rally in Major Reversal! Nasdaq Futures Up 3%, Hong Kong Stocks Jump 6%, Oil Rises 3%, Gold..
TradingKey – Following high-level economic and trade talks, both China and the United States announced "substantial progress" in their negotiations. According to a joint statement released on May 12, China will cut its tariffs on U.S. goods from 125% to 10%, while the U.S. will reduce tariffs on...
Mon, May 12
Crude Oil Market Imbalance: Weak Q1 Results from “King of Oil” Aramco May Be Just the Beginning
TradingKey – Before U.S. President Donald Trump’s official visit to Saudi Arabia, Saudi Aramco — the kingdom’s cash cow and the world’s largest oil producer — released its first-quarter 2025 earnings report. Affected by persistently weak global oil prices, Saudi Aramco’s profits fell by 4.6%...
Mon, May 12
U.S.-China Tariff Talks Bring Positive News, Could Chinese Yuan Return to the "6" Level?
TradingKey - Following two days of high-level talks over the weekend, U.S.-China trade negotiations have achieved "substantial progress," easing global trade tensions sparked by the tariff war under the Trump 2.0 administration. Goldman Sachs forecasts that the Chinese yuan could appreciate...
Mon, May 12
"Suicidal" Tax Cuts? Trump Undermines His Own Base: Plans to Raise Tax Rate to 39.6% on Wealthy
TradingKey – After facing fierce backlash over proposed cuts to Medicaid, U.S. President Trump, determined to extend his 2017 tax cuts and manage debt, has now turned his blade toward his own allies—considering higher taxes on the wealthy and eliminating the carried interest tax break for hedge...
Fri, May 9
U.S.-UK Talks Pave the Way: What Will Be Discussed in the China-U.S. Trade Negotiations That Could Impact Half the World?
TradingKey – After the U.S. and the UK reached the first tariff agreement in the Trump 2.0 trade-war era, the world’s eyes now turn to the China-U.S. trade talks. Despite the UK leading the charge, uncertainties still loom over the China-U.S. negotiation.
Fri, May 9
Understanding the U.S. Fiscal Framework: Is Trump’s Tariff-for-Tax-Cut Strategy Viable?
TradingKey – With the U.S. Senate and House of Representatives passing the budget resolution for President Donald Trump's second administration (Trump 2.0), his fiscal blueprint—centered on tax cuts, slashing government spending, and debt reduction—is moving forward. However, with federal debt at...
Fri, May 9
May Fed Meeting: Did Powell Have No Clue? Amid Recession Fears, Data Paints a Different Picture
TradingKey – The Federal Reserve’s May policy meeting concluded as expected with no rate cuts, but the post-meeting statement introduced new language flagging rising unemployment and increased risks to inflation. Against the backdrop of ongoing uncertainty in Trump’s tariff policies, Chair Powell...
Thu, May 8
What Will Be on the Table in the First Round of U.S.-China Trade Talks? Bessent: Expectations Exceed Agreements
TradingKey – On Tuesday, May 6, 2025, both China and the United States officially confirmed that their first round of tariff and trade negotiations will take place this weekend. This marks the first step toward thawing U.S.-China trade tensions since Donald Trump returned to the White House.
Wed, May 7
U.S. Trade Deficit Surges to Record High: Trump's Tariff Short-term Pain or Strategic Failure?
TradingKey – Despite strong opposition from economists, U.S. President Donald Trump remains steadfast in his belief that raising tariffs will reduce the U.S. trade deficit. Ahead of the so-called "reciprocal tariffs" that took effect in April, American companies rushed to import goods ahead of the..
Wed, May 7
May Fed Meeting Preview: Diminishing odds of rate cuts to defy Trump’s rate cut dream
TradingKey – This Wednesday afternoon, May 7, the Federal Reserve will announce its latest monetary policy decision. Despite repeated pressure from U.S. President Donald Trump and some “soft data” pointing toward the case for rate cuts, solid inflation and employment figures—the hard data...
Wed, May 7
Has the Weak Dollar Trend Ended? Goldman: The Worst Days of Dollar Depreciation Are Still Ahead
TradingKey - Despite the U.S. Dollar Index (DXY) falling below the 100 mark, the chorus of bearish calls on the dollar from Wall Street has not abated. Goldman Sachs believes that the negative impact of Trump's tariff policies on the U.S. economy may only become apparent in the summer, leaving...
Mon, Apr 28
