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
Policy Divergence Supports Euro's Medium-Term Outlook
Summary:
EURNZD is currently trading near 2.0313. Despite persistent weakness in recent eurozone economic activity, the European Central Bank's hawkish signal to pause rate cuts has provided some support for the euro. Meanwhile, New Zealand's economy remains constrained by high interest rates, with inflation showing only gradual progress in its decline. The Reserve Bank of New Zealand is expected to cut rates twice in November and February next year, suggesting EURNZD may continue its upward trajectory.
Trading
2.03023
ENTRY
2.07530
TGT
2.01110
SL
-- -- --
0
Point
Flat
2.01110
SL
CLOSING
2.03023
ENTRY
2.07530
TGT
Fundamentals
European Central Bank (ECB) Governing Council member and Deutsche Bundesbank President Nagel stated that eurozone economic data has not deviated from the ECB's economic projections, but policymakers remain open to adjustments. In a podcast released Monday, Nagel said there was “absolutely no reason” to alter borrowing costs when the ECB kept its deposit rate unchanged at 2% last week. “Data has not fundamentally changed since our last forecast in September,” he said. “We will review new projections in December and make decisions based on fresh data. Therefore, we keep all options open, which I believe is the most appropriate approach given the current level of uncertainty.” Yield spread advantages may continue to provide bottom support for the euro.
New Zealand's weak business environment implies downside risks to the country's third-quarter GDP outlook. He added that against this backdrop, the Reserve Bank of New Zealand (RBNZ) may still need to take further action. The RBNZ is expected to cut interest rates twice in November and February next year, lowering its terminal official cash rate forecast from 2.25% to 2.0%.
Additionally, the persistent decline in export commodity prices (particularly dairy products) has also weakened the external support for the New Zealand dollar.
Technical Analysis
The EURNZD has been consolidating within the 2.0075–2.0261 range over the past two weeks. Short-term support lies at 2.0053; a decisive break below this level could trigger a retest of 2.0080. On the upside, a break above the 2.0450 resistance could open further upside potential toward 2.0600.
Technical indicators suggest momentum is neutral. Short-term traders may look for opportunities to break out of the range.
Overall, the EURNZD remains in a high-range consolidation phase. The contrast between the ECB's relatively hawkish stance and New Zealand's economic slowdown provides the fundamental basis for a medium-term bullish outlook. Short-term volatility may persist, but as long as the pair holds above 2.0200, it retains moderate upside potential.
Trading Recommendations
Trading Direction: Buy
Entry Price: 2.0275
Target Price: 2.0753
Stop Loss: 2.0111
Valid Until: November 19, 2025 23:55:00
Support: 2.0280, 2.0234, 2.0198
Resistance: 2.0353, 2.0402, 2.0489
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
FastBull 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
Master of Economics, 8 years in the financial industry, CFA holder, joined HSBC (Hong Kong) Bank in 2013 after graduating from the University of California, USA in the Investment Research and Markets Department. With years of financial market experience and trading experience, having provided excellent investment advice to many brokerages, entity derivatives importers and clients in Greater China.
Related Analysis
Buying on Pullbacks Remains the Primary Strategy; 203.00 Level May Be Retested after Consolidation
PENDINGBuying on Pullbacks Remains the Primary Strategy; 203.00 Level May Be Retested after Consolidation
PENDINGPolicy Divergence Supports Euro's Medium-Term Outlook
TradingPowell Lifts USD, EZ Data Stays Soft
TradingPowell Lifts USD, EZ Data Stays Soft
Trading
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt