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
EUR/USD Extends Rally as Dollar Weakens on Trade Tensions; Traders Await Lagarde and Fed Commentary
Summary:
The euro continues to strengthen for a third straight session, lifted by a softer U.S. dollar as escalating U.S.–China trade tensions and political developments in Europe fuel investor caution ahead of key speeches from Fed and ECB officials.
CLOSED
1.16606
ENTRY
1.17500
TGT
1.16000
SL
-- -- --
124
Points
Profit
1.16000
SL
1.16730
CLOSING
1.16606
ENTRY
1.17500
TGT
The EUR/USD pair extended its upward trajectory for the third consecutive day on Thursday, trading near 1.1645 as investors sold the dollar amid renewed fears of a deepening trade rift between Washington and Beijing. The currency pair has been supported by a combination of growing optimism around Europe’s political stability and fading conviction in the U.S. dollar’s short-term resilience. Market participants are now turning their focus toward a series of speeches from Federal Reserve and European Central Bank (ECB) policymakers, including ECB President Christine Lagarde, which could provide critical clues on the monetary policy outlook on both sides of the Atlantic.
The greenback’s weakness has been evident across the board in recent sessions, as escalating geopolitical and trade tensions have dented investor confidence in the U.S. economic outlook. Renewed friction between the U.S. and China, coupled with signs of slowing inflation and a cooling labor market, has strengthened market speculation that the Federal Reserve may have to adopt a more dovish tone in the months ahead. This narrative has kept the euro in demand, with traders increasingly betting on relative stability within the eurozone despite lingering fiscal and structural challenges.
In France, political drama briefly captured investors’ attention after Prime Minister Sébastien Lecornu unexpectedly survived a second and final no-confidence vote in parliament on Thursday. The motion, spearheaded by far-right leader Marine Le Pen, secured only 144 votes, far short of the 289 required to topple the government. The left-wing La France Insoumise party’s refusal to side with the far right effectively spared Lecornu, allowing him to maintain power for now.
Lecornu’s decision to abandon President Emmanuel Macron’s contentious pension reform plan appears to have been a decisive factor in securing enough support to survive the vote. Still, his government faces an uphill battle to pass a fiscally conservative budget in a deeply divided parliament. The survival of Lecornu’s administration, even temporarily, has offered some degree of political continuity that markets often reward, particularly given the growing sense of instability across several Western economies. For the euro, this has removed a near-term source of uncertainty and contributed to the currency’s modest upward bias.
Across the Atlantic, tensions between the United States and China intensified after President Donald Trump stated in a televised interview that the U.S. is already “in a trade war with China.” The remark was widely interpreted as an escalation of rhetoric that could undermine investor sentiment and global trade prospects. The situation worsened further after Treasury Secretary Scott Bessent referred to China’s chief trade negotiator as an “unhinged wolf,” a comment that fueled concerns about the breakdown of diplomatic channels. While such remarks rattled markets, traders are cautiously optimistic that next week’s Trump–Xi summit could ease tensions and provide a framework for renewed dialogue.
Nonetheless, the damage to the dollar’s image as a safe-haven currency appears to be taking hold. The renewed volatility has left the greenback vulnerable, with investors reluctant to extend long positions ahead of any concrete developments in trade talks. Meanwhile, a softer tone from recent U.S. economic data has reinforced the view that the Federal Reserve could be forced to adopt a less aggressive stance, further eroding the dollar’s relative advantage.
In contrast, the eurozone has maintained a steadier policy footing. Although growth across the bloc remains uneven, signs of gradual stabilization—particularly in services and consumer sentiment—have underpinned the euro’s recent resilience. Traders now await Christine Lagarde’s remarks later in the day, as any indication of a more confident ECB could further solidify the euro’s position against the dollar.
Technical Analysis
From a technical standpoint, EUR/USD has displayed a steady recovery since rebounding from its recent lows near 1.1600. The pair is now testing the 1.1650 resistance area, a level that has acted as a key barrier in recent sessions. The fact that the price continues to trade above the 50-day exponential moving average (EMA50) underscores ongoing bullish momentum, reinforced by the presence of a double-bottom formation on the short-term chart—typically a bullish reversal signal.
Recent intraday movements suggest some consolidation as traders lock in profits, allowing overbought conditions on the relative strength indicators to ease. This short-term correction phase could offer the pair a chance to build additional upside momentum if 1.1600 continues to act as a reliable support zone. A clear break above 1.1650 would likely trigger further gains toward 1.1750, while a close below 1.1600 would suggest the rally is losing steam and could invite a deeper pullback.
The broader technical bias remains constructive, given the pair’s sustained trade above dynamic support levels. As long as the euro maintains its foothold above the 1.1600 area, the structure favors continued recovery, aligning with the view that the market is gradually shifting away from the dollar in favor of alternative majors.
TRADE RECOMMENDATION
BUY EURUSD
ENTRY PRICE: 1.1660
STOP LOSS: 1.1600
TAKE PROFIT: 1.1750
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
Warren Takunda, a seasoned finance leader specializing in the Middle East, is a trusted senior analyst with a proven track record. As head of the finance team, he excels in financial planning, analysis, and reporting. Warren's expertise in financial modeling and investment analysis delivers valuable insights to clients.
Related Analysis
Gold Regains Footing After Sharp Pullback as Markets Weigh Trump’s Softer China Tone
TradingGold Regains Footing After Sharp Pullback as Markets Weigh Trump’s Softer China Tone
TradingOil Prices Struggle as WTI Slips Below $57 Amid Peace Hopes and Inventory Surge
TradingOil Prices Struggle as WTI Slips Below $57 Amid Peace Hopes and Inventory Surge
TradingEUR/USD Extends Rally as Dollar Weakens on Trade Tensions; Traders Await Lagarde and Fed Commentary
PROFIT +153 Points
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.