Esteban Ma
573 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 Battle for Oil Market Share: Can OPEC Reclaim Ground from U.S. Shale Producers?
TradingKey - In the global oil market, both OPEC, the traditional oil cartel, and the United States, powered by its shale revolution, hold significant influence over pricing. In May 2025, OPEC announced it would increase production for the third consecutive month, signaling a shift in strategy aimed
Fri, Jun 13
Israeli Airstrikes on Iran Trigger 18% Surge in VIX Fear Gauge – Safe-Haven Dollar Fails to Rally
TradingKey - In the early hours of Thursday, June 13 (local time), Israel launched airstrikes against Iran, targeting multiple facilities in a military operation codenamed "Nation of Lions", aimed at curbing Iran's nuclear development. Iranian media reported loud explosions across several areas in..
Fri, Jun 13
Today’s Market Environment Resembles Pre-Financial Crisis Times – Gundlach Warns of U.S. Treasury Market Reckoning
While U.S. Treasury Secretary Scott Bessent strongly defended Trump administration policies, claiming that the Treasury market has remained stable, DoubleLine Capital’s Jeffrey Gundlach warned of an imminent reckoning in the bond market. He suggested that long-term Treasury yields could rise to 6%.
Thu, Jun 12
Trump Sets Two-Week Deadline for Tariffs – Market Uncertainty Weighs on U.S. Futures, Yen and Euro Rise
TradingKey - Just days after a temporary easing of U.S.-China trade tensions, U.S. President Trump once again issued tariff threats against the global economy. Trump said Wednesday (June 11) in Washington that he would send letters to countries within one-and-a-half to two weeks outlining unilateral
Thu, Jun 12
U.S. CPI Falls Short of Expectations for Fourth Month – Why Isn’t Trump Tariffs’ Inflationary Impact Showing?
TradingKey - Contrary to widespread concerns that Trump tariffs would push inflation higher, the U.S. May CPI report revealed a surprisingly mild inflation reading, marking the fourth consecutive month of below- or in-line-with-expectations data — prompting analysts to reassess the true impact of...
Thu, Jun 12
Goldman Signals a New Short Squeeze Wave – Could the Russell 2000 Be the Next Big Winner?
TradingKey - Driven by strong economic data and a macro environment that continues to boost risk appetite, Goldman Sachs’ “Most-Shorted Rolling Index” (GSCBMSAL) has surged dramatically. Historically, such a move could signal that Wall Street is entering one of the biggest short squeezes in years...
Wed, Jun 11
World Bank, OECD, and IMF All Cut 2025 Economic Growth Forecasts Due to Trump’s Tariffs
TradingKey - Following the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), the World Bank has now also downgraded its forecast for global economic growth in 2025, warning that the 2020s may become the slowest-growing decade since the 1960s.
Wed, Jun 11
Analysts Hesitate as U.S.-China Talks Set the Framework, but Details Are Still Missing
TradingKey - The ongoing de-escalation in U.S.-China trade tensions has prompted Wall Street heavyweights like Morgan Stanley and Goldman Sachs to turn more bullish on U.S. stocks. However, many analysts remain cautious — while a consensus framework has been reached through the London negotiations..
Wed, Jun 11
Why Can't the U.S. Break Free from Its Dependence on Chinese Rare Earths? 4 Rare Earth Stocks to Watch
TradingKey - As the Trump 2.0 administration reignites global trade wars, China has demonstrated a firm stance that challenges U.S. political and economic ambitions. Behind China’s confidence lies a powerful card: its dominance in rare earth resources. China nearly monopolizes the global supply...
Wed, Jun 11
U.S. May CPI Preview: First Inflation Rise in 2025, Yet Wall Street Shifts Into Risk-On Mode
TradingKey - On Wednesday, June 11, the U.S. Bureau of Labor Statistics will release the May 2025 Consumer Price Index (CPI) report, offering critical insight into how Trump tariffs are being passed on to consumers. Ahead of the report, markets have increased bets on a single Federal Reserve rate...
Wed, Jun 11
Bitcoin Price Breaks Through $110,000 as Bitcoin ETF Scale Hits Milestone
TradingKey - With positive progress in China-U.S. trade negotiations, improved Trump-Musk relations, and ongoing advancement of the U.S. stablecoin legislation, Bitcoin's price has rebounded above the $110,000 mark and is approaching its all-time high. Against a backdrop where diversified investment
Tue, Jun 10
China-U.S. London Talks Signal Strongest Concessions Yet, Chip Stocks Surge! Hassett Says "Any" Export Controls to Be Eased
TradingKey - During the first day of the first meeting of the China-U.S. economic and trade consultation mechanism in London, the U.S. conveyed positive progress and a willingness to make broad concessions. News of potential eased semiconductor export restrictions to China boosted the semiconductor
Tue, Jun 10
AI Becomes Artificial Stupidity? Apple AI Research: Reasoning Models Overthink Simple Questions and Collapse on Complex Ones
TradingKey - As concerns grow over whether Apple (AAPL), the iPhone maker, is falling behind in the global race for artificial intelligence, a recent research paper from Apple has exposed what it calls the “illusion of intelligence” in today’s popular large reasoning models (LRMs).
Mon, Jun 9
How Will the Trump-Musk Feud Affect Tesla? Short-Term Pain, Long-Term Still Gains?
TradingKey - Although the so-called “Trump-Musk alliance” has largely collapsed, Wall Street analysts believe the fallout will mainly hurt Tesla’s electric vehicle sales in the short term. In the long run, however, Tesla still holds many strong, non-political cards that can sustain its growth...
Mon, Jun 9
A Major Test for Long-Dated Bonds – The 30-Year U.S. Treasury Auction, Analysts Say “Watch and Wait”
TradingKey - As global long-term bond markets remain turbulent due to concerns over soaring government deficits, this week’s $22 billion auction of 30-year U.S. Treasury bonds has drawn intense attention from Wall Street.
Mon, Jun 9
China’s May CPI Flat at -0.1%, PPI Deflation Accelerates as Auto Price Wars Intensify Factory Pressures
TradingKey - Weighed down by domestic manufacturers’ price wars, uncertainty from the U.S.-China tariff conflict, and weak domestic consumption, China’s May Consumer Price Index (CPI) and Producer Price Index (PPI) both continued to decline, with the PPI now in deflation for a 32nd consecutive month
Mon, Jun 9
First Meeting of China-U.S. Economic and Trade Consultation Mechanism – What’s on the Agenda Beyond Tariffs?
TradingKey - Following a phone call between Chinese President Xi Jinping and U.S. President Donald Trump — their first in nearly six months — China and the U.S. are set to hold the inaugural meeting of their economic and trade consultation mechanism in the UK. While tariff reductions remain a key...
Mon, Jun 9
Japan's Q1 GDP Confirmed to Have Contracted, Focus Turns to Japan-U.S. Talks for Prospects of BOJ Rate Hikes
TradingKey - Benefiting from improved consumption, the revised contraction for Japan's Q1 GDP in fiscal 2025 was less severe than initially estimated. Nevertheless, Japan's economy still shrank, adding uncertainty to the Bank of Japan's (BOJ) prospects for rate hikes. Ongoing trade negotiations...
Mon, Jun 9
Market Pressures Japan to Adjust Bond Supply and Demand; Eyes on BOJ Meeting in June, Potential Issuance Changes in July
TradingKey - Analysts expect Japan authorities to take action on both the supply and demand sides, potentially adjusting the Bank of Japan’s (BOJ) bond-buying program at its June meeting, with issuance changes expected as early as July.
Fri, Jun 6
Price War Has No Winners: BYD Sales Surge, Shares Fall as Short Bets Surge Over Tenfold
TradingKey - BYD (1211.HK), China’s leading electronic vehicle (EV) manufacturer, has once again ignited a fierce price war in the EV sector — boosting its monthly sales to a record high for 2025. Yet, the aggressive pricing strategy appears to have come at a cost: shares of the automaker have...
Fri, Jun 6
