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China Life Insurance: Bounced back🎾After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result, entry opportunities remain within the zone on the long side, with stops placed around 1% below the lower border. We expect the price to rise well above the zone and cross the resistance at HK$15.84. Only an imminent break below the support level at HK$8.53 would diminish this outlook. This would activate the 33% probable alternative, which involves a lower low of the green wave alt.(2).
HKEX:2628Long
by MarketIntel
NZD/USD slides on RBA decision, mixed Chinese dataThe New Zealand dollar is down sharply on Tuesday. In the North American session, NZD/USD is trading at 0.5927, down 0.61%. It has been a roller-coaster ride for the New Zealand currency, which continues to swing wildly. Last week, NZD/USD surged 3.24%, its best weekly performance since October 2022. This week has been all red for the New Zealand dollar, which has fallen 1.19%. Today's Reserve Bank of Australia decision sent the Australian dollar reeling and also dragged down the New Zealand dollar, as there is a strong correlation between the two trans-Tasman currencies. The Australian dollar is down 1.16% against its US counterpart, despite the RBA raising rates by a quarter point to 4.35%. The language in the RBA statement was somewhat dovish, stating that the rate hike was meant to ensure that "inflation would return to target in a reasonable timeframe.” This signalled an easing of the RBA's tightening basis and raised expectations that the RBA may have completed its tightening cycle or is very close to that stage. The RBA statement included the usual rhetoric that future rate decisions would be data-dependent and rate hikes were still on the table, but the markets jumped on the dovish language and ignored the rate increase, which follows four straight pauses. The strong market reaction suggests that the investors believe that the RBA is unlikely to raise rates even though inflation remains well above the 2%-3% target range and inflation expectations have been stubbornly high. The New Zealand dollar also lost ground due to mixed Chinese data. Imports rebounded in October with a gain of 3.0% y/y following a 6.2% decline in September and beating the market consensus of -4.8%. However, exports fell 6.4% after a 6.2% decline in September and missed the market consensus of -3.3%. This marked a sixth successive decline, indicative of continuing weak global demand for Chinese goods. New Zealand releases Inflation Expectations for the fourth quarter on Wednesday. The market consensus stands at 2.60%, after a 2.79% gain in Q3. An unexpected reading could have a sharp impact on the movement of the New Zealand dollar. NZD/USD is testing support at 0.5929. The next support line is 0.5858 There is resistance at 0.5996 and 0.6069
by OANDA
Hang Seng Index: Motivated! 💪The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the probability of our alternative to 41%. In this case, the low of the magenta wave alt.(2) would already be in place and this scenario would come into play on a rise above the resistance at 18,898. However, it should be noted that our long-term expectation has already been fulfilled with the completion of the trading range. In both cases, there is considerable upside potential in the medium to long term. The price should clearly overcome the resistance at 20,899.
HKEX:HSI1!Long
by MarketIntel
1
ALUMINIUM PRICES MIGHT BE PULLED UP DUE TO CHINA DEMANDChina's aluminum market in 2023 stands out for its resilience, with prices on the Shanghai Futures Exchange (SHFE) bucking global trends by climbing over 1%, while the London Metal Exchange (LME) saw an 8% slump. This divergence is largely credited to the strength of China's green sector and decarbonization efforts. An open arbitrage window, created by SHFE outperforming LME, has led to a substantial increase in aluminum imports into China, mainly from Russia due to sanctions imposed by Western buyers after Russia's invasion of Ukraine. Despite the surge in imports, domestic aluminum production in China has reached new highs, partly due to an improved hydropower supply in Yunnan province. However, potential disruptions during the upcoming dry season could impact production and increase imports. Low domestic aluminum inventories underscore robust domestic demand, with SHFE stocks at their lowest levels since March 2019. Beijing's decarbonization initiatives have driven aluminum demand, particularly in renewable energy-related manufacturing. Notably, the rapid growth of China's new energy vehicles (NEV) sector and the critical role of aluminum in battery electric vehicles highlight its significance in this industry. The solar sector, another major aluminum consumer, continues to expand, with China leading in solar photovoltaic (PV) capacity additions. This growth in green sectors is expected to counterbalance weaknesses in traditional sectors, sustaining demand for aluminum. China's aluminum market exemplifies a unique blend of domestic resilience, increasing imports, and a strong emphasis on green industries, all contributing to the sector's dynamics in 2023. On a technical note, MACD and RSI are still in the neutral and sell zone, but are rising up and buy signals are starting to form. If the trend continues, the price might reach levels of 2241, in the opposite scenario the price might revert to levels of 2178. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:ALUMINIUMLong
by legacyFXofficial
Soft landing calls for tough choices2023 has been a tough year for stock pickers. The gap between equity factor styles has been vast over H1. Growth, riskier in nature, posted the best performance up 24% year-to-date (YTD) followed closely behind by quality up 20% YTD1. The excitement around artificial intelligence (AI) reached a fever pitch in H1 2023, supporting growth-oriented technology stocks. As we enter H2 2023, we remain constructive on select areas of global equity markets. The resilience of the US economy has defied all odds. The strength of the US consumer (accounting for 70% of GDP), alongside the fiscal impulse, has been the cornerstone of the US’ extraordinary resilience. While inflation has shown encouraging signs of decline in the US, strong economic momentum alongside a rebound in commodities raises the risk of a re-acceleration of inflation. In turn, rates could remain higher for longer, resulting in Federal Reserve (Fed) rate cuts being delayed until Q1 2024. In such an environment, an enhanced equity income approach could fit well. Even if the earnings outlook weakens in China, proactive policy support via rate cuts could support its stock multiples. In Europe, where we are likely to witness a mild recession, we believe adopting a more cautious and defensive approach is warranted. Earnings revision ratios remain the strongest in Japan while they are the weakest in emerging markets. US equities are the belle of the ball It was the narrowest market in history, with just 25% of stocks outperforming the S&P 500. Expectations of cooling inflation aiding the Fed to end its current tightening cycle supported the performance of higher-duration growth stocks. For investors calling for a soft landing, rates are likely to remain at current levels or higher for a longer duration of time. A tight US labour market, with unemployment at historic lows and rising wages, is likely to slow the downward pricing momentum in the service sector. As the market regime transitions, it should provide a ripe opportunity for market breadth2 to improve. Markets may begin to favour value and dividend-paying stocks. History has shown us that breadth tends to improve as the economy recovers from a downturn. Peak pessimism towards China China’s reopening rebound has faded. The transition to a less debt-fuelled, less property-reliant and more consumer-driven economy is an important adjustment. We expect government stimulus policies to be aimed at enhancing the efficiency of the private sector. Further iterations of policy rate cuts by the People’s Bank of China (PBOC) are likely to follow; however, outright quantitative easing won’t be on the cards, as it is likely to further weaken the yuan, which the PBOC would like to avoid. With a low correlation to US equities (at 20x P/E)3 coupled with a high valuation discount, pockets of China continue to provide good investment prospects. Pockets of opportunity in non-state-owned enterprises Non-state-owned enterprises, particularly within the Technology, Communication Services and Health Care sectors, faced the brunt of China’s regulatory crackdown. These regulatory interventions stifled growth in key sectors such as e-commerce, mobile payment, ride-hailing, and online education. It also resulted in the suspension of initial public offerings (IPOs) and delisting of Chinese internet companies. Growing political frictions in supply chains are incentivising China to regain independence in the semiconductor and hardware space. Chinese technology companies are trading at a significant discount compared to US peers, offering plenty of room to catch up. Prefer defensives over cyclicals as Europe runs out of steam Nearly six months back, investors marvelled at how the euro-area economy had emerged from the energy crisis. That momentum appears to be fading as China’s recovery slows down, consumer confidence declines, and the impact of tighter monetary policy gains a stronghold on the economy. Higher inflation over the past year is holding back demand from households, which is hurting growth. The monetary tightening over the past year not only triggered an increase in real rates, it also impacted borrowers’ credit metrics. Owing to this, eurozone banks have tightened their lending standards.4 Banks remain the primary source of corporate funding in Europe. The credit impulse—that is, the annual change in the growth of credit relative to GDP—in the euro area reached its lowest point since 2010. TINA is alive in Japan There is no alternative (TINA) to equities is still alive in Japan. This is evident from higher equity risk premiums of 2.97% for Japan compared to 0.41% in the US.5 While the rest of the world has been busy trying to quell the inflation fires, Japan has emerged from the COVID-19 lockdowns with a faster pace of growth and higher inflation. A combination of higher equity risk premiums, a weaker yen supportive of the Japanese export market, corporate reforms, and attractive valuations have been important catalysts for equities. Policy shift still remains loose The Bank of Japan (BOJ) took a significant step towards normalisation in July by announcing a further adjustment to its yield curve control (YCC) regime. The BOJ formally changing its course constitutes an acknowledgement that inflation is returning to the Japanese economy. Yet the BOJ lowered its (median) inflation forecast for fiscal year (FY) 2024 to +1.9% and left its FY 2025 projection unchanged at +1.6%, in effect justifying ongoing easing by the BOJ. With Japan’s nominal growth rising over the coming years, the revised policy by the BOJ still remains loose, supporting the case for Japanese equities. Historically, a weaker yen has benefitted the performance of Japanese exporters as it enhances their competitive advantage. Adopting a tilt towards dividend-paying Japanese equities is likely to reap the benefits of not only a weaker yen but also corporate governance reforms. Conclusion As we progress into year-end, the outlook remains more nuanced. In the US, we favour value and dividend stocks as equity market breadth improves. While China’s problems in the housing sector are likely to remain a drag on domestic demand, we do see pockets of opportunity in undervalued sectors – technology and healthcare. Given the strong manufacturing headwinds facing Europe, we expect weak growth in the eurozone for the remainder of 2023, potentially favouring a tilt towards defensive stocks. Sources 1 Bloomberg as of 11 October 2023. 2 Breadth is measured by comparing the equal weighted performance versus the market cap-weighted performance of the US stocks listed on the S&P 500 Index. 3 P/E = price to earnings ratio. 4 Euro area Bank Lending Survey (BLS), April 2023. 5 Bloomberg, WisdomTree, as of 29 September 2023. Equity risk premium is the difference between the earnings yield and the respective 10-Year Government Bond Yield. This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
SP:SPX
by aneekaguptaWTE
AUD/USD edges lower, China data beats expectationsThe Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn't posted a winning week since September and dropped close to a one-year low last week. The Australian dollar has bounced back this week, however, gaining 1.08%. The situation in the Middle East remains perilous, with the risk that the Israel-Hamas war could spread and ignite a regional war. President Joe Biden has arrived in Israel, a move intended as a warning to Iran and others not to enter the conflict. The fighting has not affected risk sentiment, as investors haven't panicked and snapped up greenbacks. Still, the Middle East is a powder keg at present and if the situation worsens, we could see a flight to the US dollar. Australia will release employment numbers on Thursday. Job growth has been solid and posted a strong gain of 64,900 in August. Employment is expected to fall sharply to 20,000 in September. Unemployment has been at low levels and is expected to remain at 3.7% for a third straight month. China is Australia's number one trading partner, which means that Chinese releases can have a significant impact on the Australian economy. China's post-Covid recovery has been much weaker than expected, and deflationary pressures and a property crisis could have negative implications for the global economy. Chinese released key data on Wednesday and all three releases beat expectations. GDP for Q3 rose 4.9% y/y, above the consensus estimate of 4.4% but well shy of second-quarter growth of 6.3%. Retail sales for September climbed 5.5% y/y, up from 4.6% in August and above expectations of 4.9%. Finally, industrial production was unchanged in September at 4.5% y/y, compared to the consensus estimate of 4.3%. China's economy may be in better shape than expected, but the road to recovery is likely to be a bumpy one. AUD/USD is putting pressure on support at 0.6343. Below, there is support at 0.6240 0.6399 and 0.6430 are the next resistance lines
by fisherkj4
London Metals Exchange Week 2023 reviewAs London Metals Exchange Week 2023 wraps up, we summarise some of the key observations for the state of the base metals in 2023 and what are likely to drivers for the markets going into 2024. Better than the macro data would indicate Despite the challenging macroeconomic backdrop especially in China, metal demand is holding up fairly well. Demand indicators are generally holding up better than macroeconomic data would suggest, indicating other forces are at play. The main diver of the discrepancy is likely to be the shift in demand for metals coming from the energy transition. The upside surprise in Chinese demand can be linked to accelerated grid spending in the country which is a metal intensive activity (Figure 1). China has ‘net zero’ ambitions and has been using this era of relatively low copper prices to accelerate the buildout of its grid infrastructure that will be essential for increasing the capacity of electric vehicles on its roads. More broadly, China’s piece-meal stimulus activity is starting to bear fruits. Aggregate financing to the real economy has turned a corner after several months of disappointment and is now rising faster than consensus expectations, which could bode well for further metal demand. It’s worth noting that copper demand in China had not fallen as much as aggregate financing data would have indicated (Figure 2). We believe the stimulus will continue to support the metals market into 2024, although we note that China has not yet offered a big ‘bazooka’ of a stimulus package yet. More metal supply in 2024 Markets are concerned that the supply outages in a range of metals could reverse course next year and therefore start to weigh on price. In its latest projections, the International Copper Study Group (ICSG) now envisages a massive supply surplus of 467,000 tonnes in 2024 (previously 298,000 tonnes). This is thanks to a considerable expansion of refined copper production, especially in China, though new production capacities in Indonesia, India and the US are also set to contribute to nearly 5% year-on-year production growth in 2024. However, the group maintain a deficit forecast in 2023 in the order of 27,000 tonnes, albeit a narrower deficit compared to their April forecast of 114,000 tonnes. Other metal study groups (such as the International Nickel Study Group, International Lead and Zinc Study Group) that met the prior week also expect higher supplies. However, we note that a lot of European metal smelters that went offline during the energy crisis of 2022 are unlikely to come back. Furthermore, these forecasts are based on all planned production coming to the market, which is rarely the case. Usually a 1-2% supply disruption takes place and that has the potential to significantly alter the balance. Nickel oversupply spilling into Class 1 Market participants are increasingly worried about a Class 1 nickel oversupply in 2024. Indonesia’s mining and processing expansion has largely impacted Class 2 nickel. That is the material most suitable for meeting Chinese demand for nickel pig iron (NPI). High quality, Class 1 nickel, however, has been in a supply deficit in recent years. Class 1 has seen increasing demand from battery applications as electric vehicles expand production (and utilisation). However, conversion of Class 2 to Class 1 is looking increasingly economically feasible and Indonesia is at the forefront. There is even potential for a trade deal that could see Indonesian supply become Inflation Reduction Act compliant. That could see US battery demand be met by a new source of metal supply. At the same time, what was thought to be a localised shift to less nickel-intense battery technology in China, could become a more global trend. That is also a source of concern for the market. Market developments The London Metal Exchange (LME) Chief Executive Matthew Chamberlain announced at the main LME dinner that the LME has launched a new collaboration on product development with its Chinese rival, the Shanghai Futures Exchange (SHFE). The announcement came after news last month that SHFE was looking into the possible launch of a nickel futures contract for international use. A much larger proportion of industrial nickel use today is Class 2 rather than Class 1. China is seen as the main venue for transactions in Class 2 nickel and should have a greater role in benchmark price formation. The Class 1 LME contract thus has a degree of disconnect with the bulk of current industrial use and therefore has been seen as an imperfect hedging tool. While the LME didn’t offer much detail about its collaboration with the SHFE, an obvious area for joint work is in nickel. Conclusions Overall, the mood at the LME week was sombre, not just because of the geopolitical events that took place the weekend before the event. However, many were surprised at the strength of current demand. As we have highlighted, commodities tend to be late-cycle performers and we are likely seeing that in play in the current economic cycle. The energy transition is adding further fuel to metal demand that could help the complex during otherwise challenging times if a perfect soft-landing is not achieved. This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
EUREX:FCIN1!
by aneekaguptaWTE
$GOLD Index - Q3/2023 *3M (Quarterly) Looking at TVC:GOLD on the 3M(Monthly) Tf(Time-frame) from an investor perspective view of positioning; (long-term investing on the yellow stone) we can see it sitting at no men's land at the current price, as well Changing Character and Breaking Market Structer (Lower Low) in price action ; (Lows of Q2) Despite its Bearish Price Action on *3M , States and Central Banks around the World have continued accumulating, spreading wide their balance sheets in-to TVC:GOLD Reserves . And so have done many another States, including 2 out of three Global Superpowers of China ECONOMICS:CNGRES and Russia ECONOMICS:RUGRES
TVC:GOLD
by Mr_J__fx
2
AUD trader – a big CPI print puts RBA hikes back on the table Positioning Clients are skewed long, with 63% of open interest is held looking for upside in AUDUSD. In the broad market, the big flow desks report that hedge funds (leveraged players) are small net short of AUDs, while ‘real money’ (pension funds, insurance, asset managers) have a large net short AUD exposure. Factors that could move the AUD? • The RBA minutes have put the market on notice that RBA rate hikes could make a comeback – they detailed that slower progress to get to the inflation to target (2-3%) would not be viewed favourably, and they have a lower tolerance for inflation. Housing is a key focal point, with Australian city house prices gaining for 7 straight months – the RBA noted that they’re seeing higher unit labour cost growth, coming in a time of declining productivity, which they see as inflationary. • Today’s speech by RBA gov Bullock didn’t see her push back on the markets view that the minutes were considered hawkish, and the Governor didn’t guide interest rate expectations lower – this offers rates traders real confidence in their pricing. • What is priced? Aus 30-day interest rate futures now price a 34% chance of a hike at the 7 November RBA meeting and a 54% chance of a hike at the December meeting – the rates door is more than ajar. • Next Wednesday’s Australia Q3 CPI (11:30 AEDT) is, therefore, a big-ticket event risk for AUD traders and could heavily influence rate pricing and therefore the AUD. It’s too early to see the consensus expectations for the trimmed mean CPI forecast, but headline CPI is expected to fall to around 5.2% YoY (from 6%) – recall, the RBA have forecast inflation at 4.25% by year-end, so an above consensus print could suggest the bank revise their forecasts higher. Anything above 5.4% should make the 7 Nov RBA meeting a live and pricing closer to 50%. • An above consensus Q3 CPI read, and we would also see the market price a hike in the Dec meeting as a near-done deal – the AUD should like that. • AUD bulls will want to see a higher Chinese equity market with the 10-day rolling correlation between the CSI300 index and AUDUSD at reasonable 0.54. While we see the PBoC pumping liquidity into the market, China/HK property stocks can't find a friend, and we eye a thoroughly expected default today from Country Garden, as they scramble to make a $15m coupon payment. AUD bulls need to see a far better tape in the China equity market to support vs the USD – the AUD crosses seem the better tactical play. • While ongoing concerns around China’s property sector keeps international money managers from moving overweight the region, China’s economy has likely troughed and is improving – we saw that in today’s Q3 GDP print and high frequency data dump. • Calls that the govt is prepared to blow out the deficit above 3% of GDP, by issuing $130b of new debt to fund infrastructure projects is a bullish consideration. However, the recent raft of mini-stimulus measures should start to be seen in the data flow. China’s economy should improve from here, although the property sector needs to be carefully monitored. • While we watch for direction from China equity, we see Australia’s relative terms of trade (ToT) on the rise – while the sensitivity we see between the AUD and its ToT comes and goes, the fact we see it rising should support the AUD. • With geopolitical issues very much front and centre, trading the AUD against other risk-associated crosses makes sense – the US economy still looks incredibly resilient vs G10 countries and a higher AUDUSD would require the VIX index to pull back below 14% and the S&P500 to climb higher (as well as China equity). What’s the play? The best AUD bullish expression of late has been against the NZD, given both are China proxies and we can see on the daily that the market shares this view – momentum studies show higher levels into 1.0850/1.0900 before we see better supply are favoured. AUDJPY approaches the recent highs of 96.00 and I favour it to get there, but there are Japanese intervention risks with short JPY positions at this juncture. The JPY also looks attractive as a geopolitical hedge – that said, if the market feels the situation in the Middle East will be contained and FX vol falls further, then AUDJPY could benefit from carry and diverging central bank policies. GBPAUD shorts have been my favoured play, and technically price is favoured lower - we do have UK CPI due out at 5 pm today and there are risks with being short GBP. Unless it’s a significant upside surprise (consensus 6.6% headline, 6% yoy core), then the BoE are on hold for an extended period.
Long
by Pepperstone
Strong fundamental and technical China playI do like how some of the strongest plays in China are setting up for the perspective upside in Q4 and beyond. Have a look at $NASDAQ:FUTU. High double and triple digits growths of earnings and sales four quarters in a row; strong and consistent ROE numbers; high eps growth estimates. Management owns 5% of the company. In conjunction with China government plans to stimulate the economy, most of the ingredients are there to support potential price advance of FUTU into Q4. From the technical stand point, I may suggest several perspective: 1. My wave-analysis shows that a) the mid/long-term structure allows for substantial upside and b) price found important short-term support in 53 area and is now building the base before continuing advance towards next important resistance zones: 80-99. 2. Waves and fibonacci aside, notice how well the price creates a volatility contraction pattern on a weekly time-scale, with an evident accumulation signs and good weekly closes. That leads me to consider that sellers with selling volume are subsiding and buyers are ready to step in leading the price higher. Overall there is quite substantial overhead supply from devastating 90% decline since 2021, strong fundamental and at least short to mid term technical stance make NASDAQ:FUTU a valid candidate for the buy list. Trading thesis: if price manages to break-out above 67.5 with supportive volume confirmation, that shall be a buy signal. With tight 3-5-7% staggered stop loss. For cowboy type of traders, price moving above 64.10 could be a place to start opening the position with an intention of adding after 67.5 breach. The short-term analysis is valid until price holds above Oct's low of 52.
NASDAQ:FUTULong
by artemfedorov
The Semiconductor Industry and Texas Instruments Long TXN Company Overview: Texas Instruments (TXN) is a prominent and long-established semiconductor company headquartered in Dallas, Texas. Founded in 1930, TXN has evolved into a global leader in the semiconductor industry, with a diverse portfolio of analog and embedded processing products. Here are some key aspects of the company: Product Range: TXN specializes in analog and embedded processing semiconductors. Analog chips are designed to process real-world signals such as sound, light, temperature, and motion. They are used in a wide range of applications, from industrial and automotive systems to consumer electronics. As tensions between Taiwan and China continue to rise, it is a good idea to consider the semiconductor business as an industry to invest in. The largest chip manufacturer in Taiwan by far is Taiwan Semiconductor Manufacturing Co (TSMC). Although TSMC focuses on digital semiconductors, the hype alone could lead many investors to add TXN to their portfolio simply because they don't understand the difference. TXN is also in a unique position, where in the event of a China-Taiwan conflict, it could certainly garner increased government funding. We are currently watching three main price points. 1. $156.00 2. $167.00 3. $186.00 We are currently hitting the direct top of our Ichimoku cloud. If we bounce here i anticipate All targets being hit within 2 months. Especially if we see geopolitical events continue in their current manner.
NASDAQ:TXNLong
by Helios_Capital_Investment
1
Hang Seng Index: High-flyer 🌟The Hang Seng Index is currently in a strong rise. As the yellow trading range between 17 424 and 15 571 points has already been approached, it is quite possible that the low of the magenta wave alt.(2) has already been set. We give this scenario a 40% probability and it would become our primary scenario if the resistance at 18 898 points is broken. Until then, however, we must continue to expect that there will be another fall deeper into the trading range before the turnaround takes place.
HKEX:HSI1!Long
by MarketIntel
1
Do Li's electric vehicles are charged enough for Q4? One of my favourite ideas in electrical vehicle space - China's Li. Mid-term price structure still looks bullish to my eyes, despite Sep's sell-off bellow 50D MA. While the price is still under it (what is a "no-go" rule for any substantial long trades for me), I do like how price managed to find foothold slightly crossing below the ideal support zone. In the ideal world, I would argue that price is trying to form the bottom of what will later form into the lower are of a cup. That means that the price needs to hold above 33 area and start building the right side and later the handle of the reliable cup-and-handle pattern. In the short-term, I want the price to reclaim 21ema and fill the gap-down, happened late September. If the price follows through, we will see the key moving averages ordering into the right bullish sequence: 8ema/21ema/50ma what will probably provide us with the MA's crossover and at least several days tight cheat area with low risk-entry point. The fundamental side of Li's story makes almost the perfect case for the next up-cycle's true market leader: top-level triple digits earnings and sales growth last quarter, consistent double digits 3 quarters sales growth; super high annual earnings estimates. I would place a bet, that if price manages to move above 50D MA, institutional sponsorship will be increasing providing the fuel for the suggested bullish scenario.
NASDAQ:LILong
by artemfedorov
The Rig "blue horseshoe loves the next 100 baggers to the moon"it's ike buying a pair of jeans .. and not using it probably the next big thing when oil hits $100 or ARAMCO debuts soon it's all a cycle for the benefit of the few greedy players -- notice the VOLUME underneath relative to previous years.. those whales splashing discretely while price at sub $2 is at rest -- thieves like to accumulate when no one is minding "we follow the money that follows the money folks...." -- all the best and best of years ahead...
NYSE:RIG
by senyor
17
China's Long-Term Gold BuyingChina's persistent and substantial gold buying activities have been steadily driving up the price of this precious metal, presenting an exciting opportunity for traders like yourself to consider going long on gold. Over the past few years, China has been actively diversifying its foreign reserves by increasing its gold holdings. This strategic move is aimed at reducing their reliance on the US dollar and mitigating potential risks associated with global economic uncertainties. China's consistent and significant purchases have already made it the world's largest gold consumer, surpassing India. The long-term implications of China's gold buying spree cannot be overlooked. As the demand for gold continues to rise, driven by China's insatiable appetite, the price of this precious metal is likely to experience sustained upward pressure. This trend could create a favorable environment for traders who choose to go long on gold. Considering the predictable nature of China's gold buying activities and their commitment to diversify their reserves, now might be an opportune time to consider adding gold to your portfolio. By taking advantage of this trend, you could potentially benefit from the price appreciation of gold in the long term. I encourage you to carefully evaluate this opportunity and assess how it aligns with your trading strategy. Conduct thorough research, analyze market trends, and consider consulting with your financial advisor to make an informed decision. To assist you in capitalizing on this potential opportunity, I recommend keeping a close eye on China's gold buying announcements and monitoring any related market developments. Stay informed about global economic indicators and geopolitical events, as they can significantly influence the price of gold. Remember, trading always involves risks, and it is essential to exercise caution and implement appropriate risk management strategies. However, with careful analysis and a well-informed approach, going long on gold in light of China's long-term buying activities could prove to be a rewarding investment. Should you require any further information or assistance, please do not hesitate to comment.
OANDA:XAUEURLong
by bryandowningqln
LIQUIDITY MATTERS! Global liquidity vs #BitcoinLook at how the bullish green arrows and bearish red arrows show how global liquidity correlates HEAVILY with the direction of Bitcoin. T You don't have to be a genius to see how beautiful this correlation is. And how sensitive #BTC is to excess capital in the system. As a risk on asset When ppl have easy money to gamble with , a portion of that ends up in the #Crypto markets. Currently you can see how aggressive the withdrawal of liquidity is across the globe In the USA, EU, China & Japan.
FRED:WALCL
by BallaJi
EURAUD: When China's news make Aussie and other Asians strong! My dear friends, Thursday, 14 September, 2023 and ECB interest rate decision is on the way. We'll wait for confirmations. But before ECB meeting, series of several bad economical news over China's financial stability were published. Market reacted to them rationally. Suddenly the red dragon start to regain it's reputation. Good news for China means stronger Aussie, Kiwi and Yen! A personal belief: Markets are not optimist to China's long-term relations with the free world and it makes them avoid longer term investing on Asian currencies. We could expect a more bearish weeks for them in next months, however, we don't hold that much so a mid-term bearish correction could be a opportunity for us! Regarding the weekly chart, some more corrective weekly candles are expected. snapshot Considering the daily timeframe, market structure has changed so there could be a stop hunt around 1.68950 snapshot The horizontal level could be a high probable and good R-to-R entry point. Levels are based on: Order-blocks, Pivot Points, Support and resistance and Reversal points.
Short
by AliSignals