US and China make back room deal on Hong Kong?
Just want to update on the USDHKD peg idea I spoke about awhile back. A bit controversial I know, but I gave reasons on why this is likely to happen. Hong Kong does not have the US Dollars to maintain the peg. The PLA marching into Honk Kong may be what breaks the peg.
Looking at the chart, you can see where the buyers are stepping in. We are seeing buyers at the 7.83500 zone indicated by the long wicks. Buyers are still there. Just this analysis indicates that perhaps we will be seeing this break of the Peg.
I am hearing from sources that there has been a deal between the US and China behind the scenes. That the CCP will allow President Trump to sell the trade war as a minor victory for the US...meanwhile the Americans will give the CCP a carte blanche when it comes to what they do in Hong Kong. If they decide to send in the army, the US will look away. This is what I am hearing.
The 4 hour chart can also give us a short signal if we do break below the mentioned zone. We have had a nice uptrend, and now a range displaying 2/3 market structures.
On a side note, I just watched the documentary "Banksters" on Amazon Prime which is about HSBC , Hong Kong and China. It really explains what is REALLY going on in Hong Kong currently.
There was a twitter rumour that was substantiated by many solid minds including Kyle Bass, about the PBoC needing to borrow money from HSBC to maintain the Yuan where it is at. The HSBC President was fired and other high up executives were fired. Rumours have it that the CCP will look to control HSBC ...the documentary gives evidence about this already happening in 2017.
Looking at the chart, you can see where the buyers are stepping in. We are seeing buyers at the 7.83500 zone indicated by the long wicks. Buyers are still there. Just this analysis indicates that perhaps we will be seeing this break of the Peg.
I am hearing from sources that there has been a deal between the US and China behind the scenes. That the CCP will allow President Trump to sell the trade war as a minor victory for the US...meanwhile the Americans will give the CCP a carte blanche when it comes to what they do in Hong Kong. If they decide to send in the army, the US will look away. This is what I am hearing.
The 4 hour chart can also give us a short signal if we do break below the mentioned zone. We have had a nice uptrend, and now a range displaying 2/3 market structures.
On a side note, I just watched the documentary "Banksters" on Amazon Prime which is about HSBC , Hong Kong and China. It really explains what is REALLY going on in Hong Kong currently.
There was a twitter rumour that was substantiated by many solid minds including Kyle Bass, about the PBoC needing to borrow money from HSBC to maintain the Yuan where it is at. The HSBC President was fired and other high up executives were fired. Rumours have it that the CCP will look to control HSBC ...the documentary gives evidence about this already happening in 2017.
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