“This (may) make the battleground a little more rough for the president against his German colleagues, if he still desires to spur more QE (quantitative easing),” Naeem Aslam, chief market analyst at AvaTrade, said in a note this month.
“Similarly, Naeem Aslam, chief market analyst at AvaTrade, said that the resistance of $31.50 is the primary headwind for WTI oil.”
“Negative rate is the most used word in the media which is scaring investors. It is an uncharted territory and no-one know what the repercussions of this are. It is this fear which is giving a birth that perhaps we are going to face the worst market turmoil of all times,” Naeem Aslam, chief market analyst at AvaTrade, wrote in a note on Friday.
“Central banks need to reassure the market that they have enough tools to handle any kind of situation and negative rates is just not the only one.”
“Traders are thinking enough is enough, and let’s bag some bargain[s] and this is despite the fact that we had a heavy selloff over in Asia,” said Naeem Aslam, chief market analyst at AvaTrade, in a note.
Naeem Aslam, of Ava Trade, said: “The dollar index is fragile across the board and this is pushing the precious metal higher-gold. However, the dollar is strong against the yen and it is making a lot of noise in the market as the USD/JPY trade made another low today. Traders are scaling back on their long dollar position. This is despite the fact the Japanese central bank is still assuring that they are going to provide their full abutment and more negative rates are still on the card.”
“It was not long ago when the banking sector was the primary element which kept traders fearful and now the same distress is back on the street of Europe but with a different look,” says Naeem Aslam, chief market strategist for AvaTrade International in Dublin. “Investors are anxious about European banks recovering on their own. The negative rates introduced by the European Central Bank have thwarted that expectation. Given that the bank of Japan is following the footsteps of the European Central Bank and has introduced negative rates too, the same fear is hunting their markets. The markets got hit by a strong virus and the vaccination of negative rates, which did spur some risk appetite, has become immune. This could prompt an immensely horrifying sell off for the global markets because the underlying factor is that the central banks have failed,”