Why Positive Economic Data Won't Last

Head of Market Analysis Anthony Cheung delivers a look ahead for the session. Topics covered include:

- Summary of market sentiment at the EU open (00:00)
- Hedge funds continue to slash net short positions in US stocks (4:01)
- RBA keeps rates and yield targeting unchanged as expected (8:45)
- Fed's Bostic warns US recovery may be levelling off (9:52)
- Update on the US COVID situation and what it means for economic data (13:27)
- Summary of the main calendar events for today (18:01)

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Social Media handles:

►Twitter: @amplifytrading @AWMCheung

►Instagram: @askamplify @amplify_ant

#daytrading #markets #stocks

[anthonycheung]

Just spoke to @eddiedonmez and he is working on a new video for later today - stay tuned!

[PaulJones-ywct]

Hi Anthony, great video again. Just wondered, where is it that you get all your news info to fill these videos? I saw you reference a couple of FT articles, but are there other news platform that you use a lot? Cheers

[leogutierrez]

Hello Ant, in your opinion what do you think is the forecast of the value of US dollar in the mid term?

[teslafirechallenge]

Thank You, Really Appreciate these videos, all the BEST.

[oxygnh]

Hey Anthony, great video as always. Thank you. I had a question on the FOMC hawk/dove chart you showed. Where do you get that information from? and in future when new members come on board, how do you determine where they lie on the spectrum? Thank you

[seixytv]

How goes it? Quick question, if we take the fact that we are already in a second wave the markets should not behave like they did in the first wave? We now know what are the thriving companies that should flourish during lockdown periods

[KhabibandEnola]

In China, it's not about being rational ... The government decides everything. And, as long as the government serves well of the public, why not let them. Maybe we should update our definition of being rational . At the end of the day, what is right what is wrong? Who should be the ones move the market? Banks? Governments? Public? God?