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
Non-Farm Payrolls Data is Coming, Can the Bulls Take Off?
Summary:
During the day, the market's attention is firmly fixed on the upcoming U.S. non-farm payroll data. The trend of the USDCAD favors the bulls.
Trading
1.37929
ENTRY
1.41200
TGT
1.37200
SL
1.38266 +0.00103 +0.07%
0
Point
Flat
1.37200
SL
CLOSING
1.37929
ENTRY
1.41200
TGT
Fundamentals
In Canada, the latest released Consumer Price Index (CPI) for July dropped to approximately 1.7% YoY, and the core inflation also showed a downward trend. This has significantly reduced the market's expectation of the Bank of Canada(BoC) maintaining a hawkish stance. As a result, it exerts pressure on the Canadian dollar in the medium term and tends to push up the USDCAD exchange rate.
In the United States, the market is closely watching the non-farm payroll data to be released today. The generally-referenced market expectation for non-farm payrolls is around 70,000 to 75,000, and the unemployment rate may slightly rise to about 4.3%. Notably, a series of recent employment-related data in the U.S. have signaled a slowdown in the labor market: the number of initial jobless claims has risen to approximately 237,000, and the employment growth rate in the private sector as measured by the ADP has declined from 106,000 in July to about 54,000. These data all point to a weakening recruitment momentum, leading the market to place a greater "bet" on "whether the Fed will turn dovish more quickly" ahead of the release of the non-farm payroll data.
Technical Analysis
On the daily chart, after a significant correction in the earlier period, the USDCAD formed a bottom consolidation range between 1.3560 and 1.3750. Recently, it broke through the upper boundary of this range, further expanding the upside potential. Meanwhile, the price retraced downward to 1.3750 twice, but failed to break below this level on both occasions. The candlestick chart shows a pattern of a breakout from the consolidation range followed by a retest for confirmation, which further strengthens the short-term bullish momentum.
Currently, the USDCAD is expected to face resistance at the previous high of 1.3924 in the short term. If it can effectively break through this level, the upside potential for the subsequent market will be unlocked. The first target is expected to reach 1.4160.
Trading Recommendations
Trading Direction: Buy
Entry Price: 1.3780
Target Price: 1.4120
Stop Loss: 1.3720
Valid Until: September 19, 2025, 23:00:00
Support: 1.3770/1.3725
Resistance: 1.3924/1.4160
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
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.