News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
Video
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Recent Searches
Trending Searches
View All
No data
Breaks 4,200—Is the Next Target for Gold $5,000?
Summary:
Traders go through the latest dovish remarks from Federal Reserve policymakers. Also, the decline in Asian stock markets and a pause in the dollar's upward momentum are providing support to gold prices.
Trading
4200.00
ENTRY
4000.00
TGT
4300.00
SL
4269.27 +61.24 +1.46%
0
Point
Flat
4000.00
TGT
CLOSING
4200.00
ENTRY
4300.00
SL
Fundamentals
Amid trade tensions and expectations of U.S. interest rate cuts, traders have flocked to safe-haven assets, pushing gold prices slightly higher. Fed officials, including Stephen Miran, Christopher Waller, and Jeff Schmid, are scheduled to speak later on Wednesday. Trade tensions between the U.S. and China have reignited, triggering renewed demand for safe havens. On Tuesday, U.S. Trade Representative Jamieson Greer stated that President Donald Trump may impose 100% tariffs on Chinese goods as early as November 1st—or sooner—depending on Beijing's next move in the rare-earth dispute. The U.S. and China will begin imposing additional port fees on ocean carriers starting Tuesday, affecting a wide range of goods from holiday toys to crude oil, turning international waters into a key battleground in the trade war between the world's two largest economies. The U.S. plans to start charging these port fees on October 14th.
The rising expectation of a Fed rate cut is also supporting gold prices. Federal Reserve Chair Jerome Powell said that despite the government shutdown significantly lowering economic forecasts, the Fed is expected to cut interest rates by another 25 basis points at its late October policy meeting. According to the CME FedWatch Tool, the market currently sees an almost certain 25-basis-point rate cut at the October meeting, with another likely in December. Lower interest rates can reduce the opportunity cost of holding non-yielding gold, thereby supporting the precious metal. Gold traders will be closely watching the Fed's remarks later on Wednesday for clues about the future path of U.S. interest rates. Any unexpected hawkish comments from Fed officials could boost the dollar in the short term and weigh on dollar-denominated commodity prices.
Technical Analysis
Based on the 1-hour chart, the Bollinger Bands are expanding upwards, with moving averages trending higher at the same time. The price is ascending within the EMA12, and a golden cross has formed on the MACD, although there are signs of weakening bullish momentum. The RSI stands at 69, indicating strong bullish sentiment. However, the recent highs are gradually lowering, suggesting that while the short-term trend remains upward, a pullback could occur at any time. As long as the price does not decisively break below the EMA12, it is highly likely to rise toward 4,230 and 4,250. Therefore, it is recommended to sell at highs and then buy at lows.
Trading Recommendations:
Trading direction: Sell
Entry price: 4200
Target price: 4000
Stop loss: 4300
Support: 4100/4000/3800
Resistance: 4250/4300/4500
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
Live Learn project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
20 years of trading experience, specializing in naked price action analysis, Elliott Wave Theory, and Chan Theory. Has conducted in-depth research on forex, stocks, and cryptocurrencies. Achieved a tenfold profit during the 2005 bull market and doubled profits within one month of entering the crypto market in 2015. Adheres to the trading philosophy: "Trend is king; focus on the big picture, act on
Related Analysis
Interest Rate Cuts Never End! Euro Outlook Remains Murky?
TradingInterest Rate Cuts Never End! Euro Outlook Remains Murky?
TradingGold Hits New Record High! 5,000 Within Reach?
TradingGold Hits New Record High! 5,000 Within Reach?
TradingPolitical Instability Unleashed: Where Are the U.S. and Japan Headed?
Trading
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2023 Live Learn Ltd
Economic Calendar 7x24 Quotes Video Analysis Data Warehouse Pro AI Signal News User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.