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
Wait for the Conclusion of the Consolidation as It Just Kicks Off
Summary:
Gold has entered a consolidation phase, and in the short term, it is expected to experience range-bound fluctuations. The subsequent market movement will depend on the outcome of the Federal Reserve's policy meeting.
CLOSED
2476.07
ENTRY
2526.10
TGT
2450.00
SL
3251.80 -73.92 -2.22%
3735
Points
Profit
2450.00
SL
2513.42
CLOSING
2476.07
ENTRY
2526.10
TGT
Fundamentals
Currently, the market widely anticipates that the Federal Reserve will implement a rate cut during its monetary policy meeting on September 17-18. This would mark the first decrease in the current policy cycle, resulting in a reduced opportunity cost for holding gold, thereby enhancing its allure. At present, investors estimate a 69% likelihood of a 25 basis point rate cut and a 31% chance for a 50 basis point rate cut.
However, in recent weeks, the market has already priced in the possibility of a 25 basis point cut. If the Fed's action at the next policy meeting falls short of expectations, it might exert downward pressure on the performance of gold.
Technical Analysis
After breaking the previous resistance level of US$2,480 per ounce on August 16, gold has reached a new high of US$2,531.76 per ounce. Currently, the short-term support level appears to be at US$2,474.34 per ounce, while the resistance level is at US$2,528.80 per ounce.
In the 4H timeframe, gold is fluctuating within the range of US$2,474 to US$2,531. The price has tested the US$2,528.80 resistance level three consecutive times, with technical indicators indicating a downward bias below the midline, continuing to test the support level at US$2,474.34 to assess its strength.
Overall, if it declines toward the support level of US$2,474.34 per ounce and manages to hold, the short-term outlook remains bullish with a target toward the resistance level of US$2,528.80 per ounce. Moreover, it is expected that the market will continue to experience a range-bound fluctuation in the near term.
Trading Recommendations
Trading Direction: Buy
Entry Price: 2474.40
Target Price: 2526.10
Stop Loss: 2450.00
Deadline: 2024-09-16 15:00:00
Support: 2474.34, 2470.85
Resistance: 2508.28, 2512.59, 2528.80
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
As a seasoned trader, I possess a distinctive perspective on the supply and demand dynamics, price fluctuations, and market trends of copper, gold, crude oil, and other bulk commodities. This allows me to promptly seize trading opportunities and make informed decisions.
Related Analysis
Consolidation Begins with Strong Resistance and Weak Support
PROFIT +284 PointsUSDJPY Rebounds as USD Strengthens
LOSS -9 PointsGold Plunges as Sentiment Turns Weak
LOSS -1995 PointsFailing to Rise Further, Crude Oil Starts to Retrace
LOSS -1000 PointsOil Prices Rebound Due to Continuously Declining Inventories
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.