XAUUSD
4017.89

1.05%

WTI
81.733

3.63%

EURUSD
1.14365

0.05%

GBPUSD
1.34504

0.21%

USDJPY
162.376

0.01%

USNDAQ100
28607.10

1.39%

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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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      Rate Hike Odds Drop! Gold Grinds Out a Bottom in Sideways Trading

      Summary:

      The Chicago Mercantile Exchange’s FedWatch tool shows that traders estimate the probability of a rate hike at the Federal Reserve’s July meeting to be about 10.2 percent.

      Buy XAUUSD
      EXP
      PENDING

      3900.00

      ENTRY

      4600.00

      TGT

      3600.00

      SL

      4017.89 +41.86 +1.05%

      --

      Point

      PENDING

      3600.00

      SL

      CLOSING

      3900.00

      ENTRY

      4600.00

      TGT

      Fundamentals
      On Wednesday evening, the United States launched a new round of airstrikes against Iran. Earlier, U.S. President Trump had warned Tehran that it “had better behave.” Iran’s chief negotiator, Mohammad Bagher Ghalibaf, stated that if Iran could benefit from the agreement, it had “no reason” to abide by it. On Tuesday, Trump had threatened that if Iran did not return to the negotiating table next week, the U.S. would strike bridges and power plants.
      The ceasefire previously reached between the U.S. and Iran subsequently collapsed. Following attacks on commercial oil tankers in the Strait of Hormuz, military clashes between the two nations resumed, and the U.S. reinstated its naval blockade of Iran. International oil prices rose back to a four-week high, suggesting that energy prices may once again drive up inflation in the future. Financial markets widely expect the Federal Reserve to keep the federal funds rate unchanged in the 3.50% to 3.75% range at its meeting this month, but traders still anticipate the possibility of further rate hikes in September.
      Technical Analysis
      On the four-hour chart, the Bollinger Bands are widening downward, moving averages are diverging downward, and the MACD fast and slow lines continue to trade below the 0 line, indicating that the bearish trend remains intact. The RSI stands at 42, indicating strong market pessimism. On the daily chart, the Bollinger Bands are widening downward, and the moving averages are diverging downward. With the RSI at 40, market sentiment is predominantly bearish, and a test of the lower Bollinger Band is highly likely. However, gold is already approaching the bottom range; therefore, the recommended strategy is to buy on dips.
      Rate Hike Odds Drop! Gold Grinds Out a Bottom in Sideways Trading_1
      Rate Hike Odds Drop! Gold Grinds Out a Bottom in Sideways Trading_2
      Trading Recommendation
      Trading Direction: Buy
      Entry Price: 3900
      Target Price: 4600
      Stop-Loss Price: 3600
      Support Levels: 3900, 3600, 3500
      Resistance Levels: 4200, 4300, 4600
      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

      863

      Win Rate

      74.16%

      P/L Ratio

      0.67

      Focus on

      GBPUSD

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