Esteban Ma
328 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
Fed's Three Consecutive Dovish Statements Signal a Bull Market for U.S. Treasuries: Surging Options Bets on 4% Yield
TradingKey - As geopolitical tensions in the Middle East ease and multiple Federal Reserve officials signal dovish interest rate cuts, options market traders are heavily betting that the yield on 10-year U.S. Treasury bonds will return to its early-2025 lows, fueling rising expectations of a bull ..
Wed, Jun 25
Trading Guide Under Trump’s Tariff: Favor Euro and Yen, Emerging Market Equities Seen Most Optimistic in Two Years
TradingKey - Trading data and investor surveys indicate that Trump’s tariff policies are indeed weighing on U.S. dollar assets, and the sell-off of the greenback is more than just Wall Street analysts’ commentary. Amid prolonged uncertainty over trade policy, investors are showing a stronger ...
Tue, Jun 24
Japan’s 20-Year Bond Auction Remains Cautious – Is July the Turning Point for JGBs?
TradingKey - On Tuesday, June 24, Japan's Ministry of Finance conducted a 20-year government bond auction, where demand showed some improvement compared to previous auctions but still fell short of market expectations. Investors are now turning their attention to next week’s revised 30-year bond
Tue, Jun 24
India’s Biggest IPO in 2025? Tata Capital Eyes August Listing, Weak Dollar May Provide Support
TradingKey - According to a report by Bloomberg citing sources familiar with the matter, Tata Capital, the financial services arm of India’s largest conglomerate Tata Group, has received regulatory approval and is moving forward with its initial public offering (IPO), expected to raise up to $2B ...
Tue, Jun 24
Novo Nordisk Terminates Weight-Loss Drug Partnership with Hims&Hers – NVO Drops 7%, HIMS Plummets 25%
TradingKey - Just two months into their weight-loss drug partnership, Novo Nordisk (NVO) announced on Monday, June 23, that it is terminating its collaboration with telehealth company Hims&Hers (HIMS). The move sent shockwaves through the market, with shares of the so-called "AI + healthcare" growth
Mon, Jun 23
Trump Eases Geopolitical Fears in U.S. Markets? Morgan Stanley Sees Selloff to Fade, “Roaring 20s” Still Alive
TradingKey - Despite escalating tensions between Israel and Iran, U.S. equities have remained surprisingly resilient, showing few signs of broad panic. After the U.S. launched direct strikes on Iranian nuclear facilities, Morgan Stanley suggested that the geopolitical-driven selloff may fade, with..
Mon, Jun 23
Powell’s Hill Testimony Preview: Patience First, Divergence to Be Addressed – Why a More Hawkish Stance?
TradingKey - After the Federal Reserve’s June policy meeting, which signaled a more hawkish rate outlook and rising stagflation risks, market attention now turns to Chair Jerome Powell’s two-day testimony on Capitol Hill, where he will defend the Fed’s reluctance to cut rates soon and its view that
Mon, Jun 23
Stock Market "Miracle" Amid Israel-Iran Conflict: Israeli Stock Index Hits Record High as War Intensifies
TradingKey – As missile war between Israel and Iran continues to escalate, the Israeli stock market has defied expectations, rising for six consecutive sessions and hitting a new all-time high — an unusual and counterintuitive market reaction that has surprised many observers. Analysts suggest this
Mon, Jun 23
U.S. Entry into Conflict – Morgan Stanley Outlines Three Oil Price Scenarios: From $60 to $140 per Barrel
TradingKey - Escalating tensions between Israel and Iran have sent international oil prices sharply higher, with U.S. airstrikes on Iran intensifying concerns over broader disruptions to crude supply. A recent report from Morgan Stanley outlines three potential conflict scenarios that could ...
Mon, Jun 23
Fed Officials Divided on Rate Cut Outlook: A July Cut Looks Fishy, Fall Cuts More Likely
TradingKey - Since the implementation of Trump tariffs, Federal Reserve officials have remained uncertain about their inflationary impact. After the June FOMC meeting, the dovish camp within the Fed has weakened, and a growing divergence in views among policymakers has emerged regarding the timing..
Mon, Jun 23
A U.S. Pro-Crypto 'WeChat' App? Elon Musk’s X Announces Plans to Launch Investment and Trading Services Soon
TradingKey - Long before acquiring the social media platform X (formerly Twitter), Tesla CEO Elon Musk repeatedly praised the all-in-one functionality of China's WeChat. Now, X is taking steps toward building a similar super-app by announcing that it will soon roll out investment and trading service
Fri, Jun 20
POP MART’s Two-Day “Darkest Hour”: People’s Daily Slams Blind Boxes, Morgan Stanley Removes Stock List as Scalpers Get Stuck with Labubu
TradingKey - In just two days, POP MART (9992.HK), the global trendsetter behind the sought-after Labubu collectibles, has faced a series of setbacks. The company’s stock fell more than 5% for two consecutive days, retreating from recent record highs. Unannounced restocking caused the resale value
Fri, Jun 20
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Morgan Stanley Updates "Humanoid 100" List – Game and Cybersecurity Firms Emerge as New Players
TradingKey - In its recent update to the "Humanoid 100" stock list, Morgan Stanley analysts have expanded the humanoid robot supply chain beyond traditional chipmakers and tech firms to include game developers and cybersecurity companies, which are expected to play key roles in data training and AI
Fri, Jun 20
China Holds June LPR Rates Steady – Trade War De-Escalation Leads to More Cautious Monetary Easing Outlook
TradingKey - On Friday, June 20, China released its June Loan Prime Rate (LPR) decision, with the one-year LPR rate held steady at 3.0%, and the five-year or longer LPR also unchanged at 3.5%, in line with market expectations.
Fri, Jun 20
Europe Returns to the Era of Zero Interest Rates! Swiss National Bank Warns of Intervention Against Strong Franc
TradingKey - While major central banks around the world remain hesitant about further rate cuts, the Swiss National Bank (SNB) has cut interest rates for the sixth consecutive meeting, pressured by deteriorating economic outlook and an abnormally strong Swiss franc. Its latest rate decision has ...
Fri, Jun 20
Why You Should Watch the Bank of Japan’s Rate Hikes? Has the Yen Lost Its Safe-Haven Status?
TradingKey - In global capital markets, the Bank of Japan's policy moves and yen exchange rate trends are often key indicators for investment decisions. In many cases, BOJ actions can influence global stock, bond, and currency markets, such as when a BOJ rate hike triggers international capital flow
Fri, Jun 20
The Biggest "Triple Witching" in History Approaches – Will the Israel-Iran Conflict Make U.S. Market Trading Wackier?
TradingKey - On Friday, June 20, U.S. financial markets will face the much-anticipated "Triple Witching" day, when stock index futures, stock index options, and stock options all expire simultaneously. This event is typically accompanied by high trading volume and increased market volatility.
Thu, Jun 19
Fed’s 2025 PCE Forecast Surpasses 3% – Peter Schiff: Rate Cuts Are the Cause, Not the Cure
TradingKey - Despite U.S. President Donald Trump's claims that high inflation does not exist, and his continued pressure on Federal Reserve Chair Jerome Powell to cut interest rates, the June FOMC meeting's Summary of Economic Projections (SEP) continues to signal rising stagflation risks, with ...
Thu, Jun 19
Is Trump Destroying the EV Market? Bloomberg Report Says U.S. Electric Vehicle Adoption to Lag Global in the Long Term
TradingKey - U.S. President Donald Trump’s preference for traditional energy industries and ambivalent stance toward new energy sectors — including electric vehicles (EVs) — is evident. His administration's policies, such as the rollback of EV subsidies and weakening of state-level emissions ...
Wed, Jun 18
How to Price the Risk of the Potential Strait of Hormuz Closure? Oil Rises 10%, Tanker Rates Surge 40%!
TradingKey - While crude oil prices have risen around 10% since Israel's airstrikes on Iran last Friday, market concerns over the risk of a Strait of Hormuz closure are even greater — and tanker markets are pricing in far more extreme scenarios than oil futures.
Wed, Jun 18
