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 June Meeting Preview: The First Dot Plot Since Trump’s Tariffs – What Changes and What Doesn’t
TradingKey - On Wednesday, June 18, the Federal Open Market Committee (FOMC) will announce its latest monetary policy decision. Markets widely expect the Federal Reserve to keep interest rates unchanged, with the federal funds rate likely to remain at 4.25%–4.5% for the fourth consecutive meeting si
Wed, Jun 18
Wells Fargo Remains Fully Bearish on Tesla – Free Cash Flow to Turn Negative in 2025, Even Robotaxi Won’t Help
TradingKey - After rallying nearly 50% from its late-April lows, Tesla’s stock has recently shown signs of weakness ahead of its Robotaxi event on June 22. Wells Fargo analyst Colin Langan has reiterated his underweight rating on the stock, warning that a combination of weaker deliveries, declining
Wed, Jun 18
De-Dollarization Accelerates at Record Pace – WGC Survey: Central Banks Buy Gold, Reduce Dollar Reserves
TradingKey - Despite gold prices nearly doubling since the outbreak of the Russia-Ukraine conflict in 2022 — and amid JPMorgan’s forecast of a pause in Chinese central bank purchases and Citi’s bearish outlook on gold — the World Gold Council (WGC) has released new survey results showing that global
Wed, Jun 18
Trump Organization to Launch $499 “President Phone” – Experts: “Made in America” Looks to Be Vaporware
TradingKey - The Trump Organization has announced its latest venture — entering the telecommunications and smartphone manufacturing industry with the launch of Trump Mobile, a branded mobile network service, and the T1 smartphone, priced at $499.
Tue, Jun 17
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Market Bets on AI + Advertising — Meta Shares Rebound 40% from April Lows as WhatsApp Enters the Age of Advertising
TradingKey - As open-source, cheaper, and more efficient AI technologies continue to challenge the justification for massive AI capital expenditures, Meta, the parent company of Facebook, has carved out a viable path for AI commercialization through its "AI + advertising" strategy — and investors...
Tue, Jun 17
U.S. 20-Year Bond Auction Stays Strong, But BofA Warns of “Unusual” Foreign Demand Weakness
TradingKey - Following last week’s auctions of 10-year and 30-year U.S. Treasuries, Monday’s 20-year bond auction delivered solid results, continuing to ease investor concerns over the long-end of the bond market. However, a recent report from Bank of America warns that cracks are emerging in ...
Tue, Jun 17
Stablecoin Arena Shakeup: Walmart & Amazon Jostle In; Visa-Mastercard's Monopoly Under Threat?
TradingKey - As blockchain technology becomes increasingly integrated into mainstream applications and the U.S. stablecoin legislation GENIUS Act advances smoothly, not only Wall Street financial institutions but also major retailers such as Walmart and Amazon are exploring the issuance of their own
Mon, Jun 16
China’s May Retail Sales Growth Hits Highest Since December 2023 – NBS: More Policy Tools in Reserve
TradingKey - According to the National Bureau of Statistics on June 16, China's total retail sales of consumer goods in May rose 6.4% year-on-year to reach CNY 413.26 billion, marking the fastest growth since December 2023. This reflects the positive impact of policies such as old-for-new appliance
Mon, Jun 16
BOJ June Meeting Preview: 2025 Rate Hikes Off the Table; Slowdown in Bond Purchase Cuts?
TradingKey - On Tuesday, June 17, 2025, the Bank of Japan (BOJ) will hold its monetary policy meeting. The market widely expects that the policy interest rate will remain unchanged at 0.5%. The key focus ahead of the meeting is likely to be how quickly the BOJ will reduce its pace of scaling back...
Mon, Jun 16
Trump: U.S. Could Get Involved in Israel-Iran Conflict; Its Stocks & Dollar Defy Fears with Surprising Resilience!
TradingKey - As the conflict between Israel and Iran enters its fourth day with no clear signs of de-escalation, market sentiment has taken a subtle turn. While concerns over a potential blockade of the Strait of Hormuz have kept oil and gold prices rising, U.S. stock futures remain positive, and ..
Mon, Jun 16
The Biggest Concern in the Israel-Iran Conflict: Will the Closure of the Strait of Hormuz Push Oil Prices Past $100?
TradingKey - The outbreak of conflict between Israel and Iran has shaken off the recent weakness in international oil prices, which surged 10% last week. Wall Street is now focused on whether this new front in the Middle East could lead to the closure of the Strait of Hormuz — a critical global oil
Mon, Jun 16
AMD Launches New AI Chips Outperforming NVIDIA – OpenAI Places First Order
TradingKey - On Thursday, June 12, during the Advancing AI Developer event, AMD unveiled its next-generation artificial intelligence (AI) chip, claiming significant performance advantages over all existing products from rival NVIDIA, and forecasting that the AI chip market will surge to over $500...
Fri, Jun 13
Trump Opens New "Frontier" – Drone Stocks Surge 30% in 4 Days as eVTOL Commercialization Accelerates
TradingKey - Following U.S. President Donald Trump’s executive order to accelerate drone development, drone-related stocks saw a sharp rally. Within just four trading days, shares of two leading electric vertical takeoff and landing (eVTOL) companies — Joby Aviation and Archer Aviation — surged...
Fri, Jun 13
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
