16.04.04

Investors turn negative for dollar

• ICE Dollar Index fell 4.2% in the first three months this year
• Fed slows down its pace to rise interest rate
• Emerging market is doing well
• Decline in dollar could extend bounce-back rally in stock, risky bonds and commodities

Gold is not expected to continue soaring

• Gold has its biggest bounce in three decades
• Gold is expected to rise during the market turmoil.
• Negative interest rate could contribute to gold rally
• Financial markets have calmed, including Friday’s optimistic report on Chinese manufacturing activity

Oil turns bearish

• The recent rally of oil was driven by hopes that major oil producing countries would agree to freeze output
• The possibility of freezing production is diminishing