Esteban Ma
💼TradingKey Financial Editor
🏅CFA Level 2 CANDIDATE
📊Stocks | Cryptocurrency | Commodities
Summary
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, 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 and macroeconomic analysis.
Areas of Expertise
Macroeconomic Research: Analysing Federal Reserve policy, inflation trends, and employment growth
Crypto Finance: Analysing blockchain projects
Data Modeling: Proficient in building and analysing statistical models
Market Insights: Keenly capturing market trends, reporting headline news, and conducting in-depth analyses
Experience
TradingKey｜Financial Editor 2023 - Present · Shenzhen Responsible for writing and publishing real-time news and in-depth analysis articles in the fields of macroeconomics, stock markets, cryptocurrencies, and commodities. Gate.io｜Financial Analyst 2021 - 2023 · Shenzhen Focused on analysing blockchain projects and on-chain ecosystems, building models for traditional finance and crypto finance, and interpreting on-chain metrics and market trends.
Total 624 articles
U.S. April JOLTS Job Openings Unexpectedly Rise, Labor Market Recovery Still Uncertain
TradingKey – The U.S. labor market showed unexpected strength in April as the JOLTS job openings data came in higher than expected, offering some relief amid concerns over Trump’s escalated steel and aluminum tariffs. U.S. stock indexes rose on Tuesday. However, the report also highlighted ongoing..
Wed, Jun 4
Trump's New Move in the Crypto Space! Social Media Platform to Launch Truth Social Bitcoin ETF
TradingKey - After announcing plans to raise more than $2 billion to purchase bitcoin, pro-crypto President Donald Trump has made another move into the cryptocurrency sector. On Tuesday (the 3rd), the New York Stock Exchange filed an application with the U.S. Securities and Exchange Commission (SEC)
Wed, Jun 4
Kospi Index Rises Over 2% After Lee Jae-Myung Won South Korea Presidency
TradingKey - The candidate from South Korea's Democratic Party, Lee Jae-myung, has officially been confirmed as the winner of the 21st South Korean presidential election and will assume office immediately. Investors' confidence was boosted by Lee’s victory, as he seeks to end political turmoil and..
Wed, Jun 4
Apple WWDC 2025 Preview: An Awkward AI Narrative and A Confusing Brand Refresh
TradingKey - Apple’s Worldwide Developers Conference (WWDC) 2025, set to kick off on June 9, is under intense global scrutiny from the tech industry, consumers, and investors—particularly for updates on Apple Intelligence and its broader software roadmap. However, reports suggest that Apple's AI...
Tue, Jun 3
The Dollar(DXY) Posts Worst Start in History—Section 899 Asset Tax Deepens Dollar Woes
TradingKey - Although the easing of U.S.-China tariff tensions briefly slowed the selloff in dollar assets, the Trump administration’s proposed tax on foreign capital has delivered another heavy blow to the greenback. With the U.S. Dollar Index (DXY) down more than 8% year-to-date, the dollar is...
Tue, Jun 3
Is the “TACO” Trade Ending? Trump May No Longer Be the Tariff “Flip-Flopper”, Wall Street Expected
TradingKey - President Donald Trump’s frequent reversals on tariff policy have given rise to a popular trading narrative on Wall Street known as “TACO” (Trump Always Chickens Out)—the idea that market volatility can pressure Trump into backing down from aggressive trade policies, leading to sharp...
Tue, Jun 3
Trump’s Tariff Uncertainty Drags U.S. Manufacturing into Third Consecutive Month of Contraction—Imports and Exports Collapse
TradingKey - Amid the uncertainty surrounding Trump’s tariff policies, the U.S. manufacturing sector continued its contraction in May, with both import and export indicators hitting multi-year lows. Manufacturers and suppliers remain hesitant amid growing trade tensions and policy instability.
Tue, Jun 3
Gold Surges Toward $3,400 — Is the Familiar Gold Rush Back Amid Trump’s Tariff Shocks?
TradingKey - With U.S.-China trade tensions resurfacing and the U.S.-EU tariff conflict escalating, global gold prices surged nearly $100 per ounce on Monday, approaching the key $3,400/oz. Analysts believe that a weaker U.S. dollar and policy uncertainty from Washington will continue to support...
Tue, Jun 3
The Overlooked Japanese Bonds: Why Japan Could Be a “Ticking Time Bomb” for Global Financial Stability?
TradingKey - After three decades of economic stagnation, Japan’s financial environment is undergoing a significant transformation. The Bank of Japan (BoJ) has initiated a tightening cycle through interest rate hikes and reduced bond purchases—triggering volatility in both the yen exchange rate and..
Fri, May 30
Ray Dalio’s Prescription for U.S. Fiscal Deficit: Three Steps to Bring the Deficit-to-GDP Ratio Down to 3%
TradingKey - Although Trump’s tax and spending bill has narrowly passed the House of Representatives, concerns over the U.S. fiscal deficit continue to unsettle global investors. Ray Dalio believes that the U.S. government should aim to reduce its annual budget deficit from around 7% of GDP down...
Fri, May 30
Powell and Trump Hold Rare Meeting: Not Lowering Interest Rates Is a Mistake, Says Trump
TradingKey - On Thursday, May 29, Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump at the White House to discuss economic growth, employment, and inflation — marking their first face-to-face meeting since November 2019. Earlier this year, Trump had threatened to fire Powell..
Fri, May 30
Best Buy Q1 FY26 Earnings Report: Hit by Trump’s Tariff War, BBY Slashes Full-Year Guidance
TradingKey - As the largest U.S. consumer electronics and appliance retailer, Best Buy (BBY) has been directly affected by Trump’s tariff policies targeting China, its biggest supplier. In Q1 of fiscal 2026, Best Buy reported weaker-than-expected results and issued a profit warning—sending...
Fri, May 30
A Trade War Into a Capital War? The Overlooked Risk in Trump’s Tax Bill: Foreign Taxes Could Accelerate “Sell America”
TradingKey - While investors are closely watching how Trump’s tax and spending bill will affect U.S. fiscal sustainability, an overlooked provision in the legislation has raised alarm bells: a new tax targeting foreign capital could accelerate capital outflows from the U.S., suggesting that Trump...
Fri, May 30
Trump vs. Federal Courts — Two Court Tries to Block Tariffs, Trump Considers a New Legal Path
TradingKey - In just two days, the Trump administration’s tariff plan has faced setbacks from two U.S. federal courts. Although a federal appeals court granted a temporary stay and reinstated the tariffs for now, the White House is aware that its strategy is under legal threat — and is reportedly...
Fri, May 30
Is the Fear of Bonds Finally Easing? Record Foreign Demand Seen in 5-Year Treasury Auction
TradingKey - Since May 2025, global bond markets have faced pressure from concerns over government fiscal policies — with yields rising rapidly across major sovereign debt markets. However, a $70 billion auction of 5-year U.S. Treasuries conducted by the U.S. Treasury on Wednesday, May 29 ...
Thu, May 29
NVIDIA Q1 Beats Earnings for 10 Consecutive Quarters — Survived H20 Ban, But China Risks Remain
TradingKey - Despite the Trump administration’s new export ban on its China-specific H20 AI chip, NVIDIA (NVDA) delivered better-than-expected revenue and earnings in Q1 of fiscal 2026 — underscoring the strength of global demand for AI infrastructure. However, CEO Jensen Huang warned that...
Thu, May 29
Has the Global Long-Term Bond Market Recovered? Another Weak Japan’s Bond Auction Emerged
TradingKey - After the U.S. reduced bond issuance, the UK cut reliance on long-term debt, and Japan signaled adjustments to its bond-buying program, global bond markets appeared to stabilize — with yields retreating and the worst of the long-bond selloff seemingly over.
Wed, May 28
Why Is Bringing Manufacturing Jobs Back to the U.S. So Difficult? Do Trump’s Policies Backfire？
TradingKey - Since the 2008 financial crisis, bringing manufacturing back to the United States has been a top priority for multiple presidential administrations — yet this ambitious goal has faced persistent challenges and yielded limited success. The phenomenon of “manufacturing hollowing-out”...
Wed, May 28
NVIDIA Q1 Earnings Preview: China Export Ban Risks vs. Middle East “Stargate” Mega Deal
TradingKey - On Wednesday, May 28, after U.S. markets close, AI chip giant NVIDIA (NVDA.US) will release its Q1 FY2026 earnings report , drawing investor attention to two key factors that could shape the company’s performance: the impact of U.S. export restrictions on China market sales and a...
Wed, May 28
U.S. Debt Ceiling “August Deadline” Looms — Treasury Begins Cutting Short-Term Bond Issuance
TradingKey - As the so-called “X-date” — the point at which the U.S. Treasury runs out of emergency measures to avoid default — draws closer, and with Trump’s tax cut and spending bill still stuck in a difficult legislative process, the U.S. government is beginning to tighten its belt: reducing shor
Wed, May 28
