USDX
99.450

0.32%

XAUUSD
4450.88

0.85%

WTI
93.817

2.37%

EURUSD
1.16001

0.26%

GBPUSD
1.34195

0.33%

USDJPY
160.005

0.05%

USNDAQ100
30637.30

0.30%

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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.

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      PMI Hits! Gold Stuck in Ranging Market

      Summary:

      The fate of the ceasefire agreement remains uncertain, with the markets still awaiting US President Donald Trump’s review of the proposal and his response to Iran.

      Buy XAUUSD
      EXP
      Trading

      4509.38

      ENTRY

      4800.00

      TGT

      4300.00

      SL

      4450.88 -37.97 -0.85%

      0

      Point

      Flat

      4300.00

      SL

      CLOSING

      4509.38

      ENTRY

      4800.00

      TGT

      Fundamentals
      Trump wished to reiterate several key points of the agreement that he considers important, such as how to handle Iran’s nuclear materials, adding that he had been told Iran might need three days to respond. Meanwhile, Iranian Foreign Minister Abbas Araghchi confirmed on Sunday that talks and exchanges of information between Iran and the US were still ongoing. Ibrahim Rezaei, spokesperson for the Iranian Parliament’s National Security Committee, stated that Iran had made no nuclear commitments to Washington. These remarks clearly indicate that numerous differences remain between the US and Iran, leaving the extension of the ceasefire still in the balance, whilst simultaneously bolstering the dollar’s appeal as a safe-haven asset. This, in turn, has curbed the upside potential for gold prices.
      The Federal Reserve’s increasingly hawkish stance has further bolstered the US dollar; although gold staged a late-session rebound last week, buyers remain in a difficult position. Over the coming week, gold prices face downside risks unless a decisive breakthrough is achieved in the US-Iran peace talks. Furthermore, Friday’s key US non-farm payrolls data may influence expectations regarding the Federal Reserve’s interest rates and determine the direction of gold prices in the coming weeks.
      Technical Analysis
      On the four-hour chart, the Bollinger Bands are narrowing and the moving averages have flattened, suggesting a potential reversal at any moment. The RSI stands at 49, with market participants adopting a wait-and-see approach. On the daily chart, prices are finding support near the EMA200 and MA200, and are likely to rebound towards 4600. The RSI stands at 42, indicating strong pessimism in the market. The recommended strategy is to buy on dips.
      PMI Hits! Gold Stuck in Ranging Market_1
      PMI Hits! Gold Stuck in Ranging Market_2
      Trading Recommendation
      Trading Direction: Buy
      Entry Price: 4500
      Target Price: 4800
      Stop-loss Price: 4300
      Support Levels: 4350, 4100, 4000
      Resistance Levels: 4800, 5300, 5600
      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.

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      Tank

      Analysts

      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

      Rank

      1

      Articless

      745

      Win Rate

      74.27%

      P/L Ratio

      0.68

      Focus on

      XAUUSD, GBPUSD

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