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
Triangle Breakout Achieved: Is Gold Heading Straight for $4,000?
Summary:
The ISM Manufacturing PMI for August is expected to rise from July's 48 to 49, still indicating a contraction. Disappointing data may trigger renewed selling pressure on the U.S. dollar, thereby sustaining gold's record-breaking rally.
PENDING
3435.00
ENTRY
3550.00
TGT
3380.00
SL
3550.78 -8.02 -0.23%
--
Point
PENDING
3380.00
SL
CLOSING
3435.00
ENTRY
3550.00
TGT
Fundamentals
The ISM Manufacturing PMI for August is expected to rise from July's 48 to 49, still indicating a contraction. Given the potential for disappointing data, the U.S. dollar could face fresh selling pressure, which would help maintain gold's historic upward momentum. Additionally, U.S. President Donald Trump continues his efforts to appoint more dovish officials to the Federal Reserve, while ongoing concerns about the central bank’s independence continue to weigh on the U.S. dollar but support gold. Meanwhile, geopolitical developments between Russia and Ukraine also remain in focus, bolstering demand for traditional safe-haven assets like gold. Ukrainian President Volodymyr Zelenskyy stated on Sunday that, following weeks of intense strikes on Russian energy infrastructure, Ukraine plans to launch new attacks on the Russian hinterland. Last week, Trump expressed deep disappointment, particularly in light of his recent attempts to mediate an end to the Russia-Ukraine war.
The U.S. dollar saw a broad-based short-covering rebound from over one-month lows, driven by profit-taking as traders squared positions ahead of key U.S. business surveys and employment data due this week. With market speculation growing over a significant interest rate cut by the Federal Reserve later this month, the U.S. ISM Manufacturing PMI has also become a focal point. The likelihood of a 25-bps rate cut in September is now fully priced in, with the CME Group's FedWatch Tool showing a probability as high as 90%.
Technical Analysis
Based on the one-hour chart, gold broke above the Bollinger Upper Band but encountered resistance and pulled back. It is currently finding support near the Bollinger Middle Band and consolidating. The MACD shows weakening bullish momentum, even as prices are making new highs. Meanwhile, the RSI is forming lower highs (a sign of bearish divergence), suggesting a greater probability of a short-term correction. Key support lies around the EMA50, near the $3,460 level. Regarding the daily chart, after breaking above the upper boundary of the triangle pattern, gold has been rallying strongly along the Bollinger Upper Band. Currently, the Bollinger Bands are expanding upwards, with moving averages sloping upward. The MACD forms a golden cross, and the RSI stands at 70, entering overbought territory. Overall, the price may retest the upper edge of the triangle before breaking out again to the upside. Thus, investors should buy the dips.
Trading Recommendations:
Trading direction: Buy
Entry price: 3435
Target price: 3550
Stop loss: 3380
Support: 3460/3430/3406
Resistance: 3500/3550/3600
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
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
Related Analysis
A Turning Point Emerges: Is A Meteoric Rise for USDCAD Imminent?
TradingA Turning Point Emerges: Is A Meteoric Rise for USDCAD Imminent?
TradingSilver Breaks Through Key Level of 40! Next Target 50?
TradingSilver Breaks Through Key Level of 40! Next Target 50?
TradingLagarde Issues a Warning! Is the Euro in Jeopardy?
PENDING
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.