China
China Property Stimulus to Boost Aus200 IndexThe recent announcement of a stimulus package by the Chinese government to boost the property sector is expected to have a positive impact on the Australian stock market, particularly the Aus200 index. The stimulus package includes measures such as lower down payments for home purchases and tax breaks for developers. These measures are expected to increase demand for property in China, which will in turn benefit Australian companies that export goods and services to the Chinese market.
In addition, the stimulus package is also expected to boost the Chinese economy, which is Australia's largest trading partner. A stronger Chinese economy will mean more demand for Australian goods and services, which will support corporate profits and earnings growth. As a result, the Aus200 index is expected to rise in the coming months.
Of course, there are also some risks associated with the China property stimulus. If the stimulus is too successful, it could lead to an overheating of the Chinese economy and a resurgence of inflation. This would be negative for Australian companies that export to China, as it would make their goods and services less competitive. However, at this stage, it appears that the risks are outweighed by the potential rewards.
Overall, the China property stimulus is a positive development for the Australian stock market. The stimulus is expected to boost demand for Australian goods and services, support corporate profits and earnings growth, and lift the Aus200 index.
Filecoin Is Officially Dead Another Chinese Coin Down the Drain!Filecoin Is Officially Dead Another Chinese Coin Down the Drain!
Imagine there are people who bought this at ATH for $230 and now it isn't even a lousy $10!
Many people recently bought this because of shiller Arthur Hayes, they will be very sorry, too for falling for that charalan!
If you want to prevent losing money follow me.
Filercoin will go to $0.10!
Longi Green China is expected to target 32.3Daily chart, Longi Green China stock is trading in a falling wedge. After crossing the resistance (blue line) at around 22.3, the chart pattern target will be 32.3
Technical indicators RSI and MACD are positive
Stop loss level at 20.5 should be considered.
BUNNY: $0.10 | a Binance Lab Pet for Tsa Nis Nu Year
when the universe the stars and the gods will it
then as early approaching Jan 22, 2023 shall be a moment to look forward
a yield optimizer that has a simple intuitive application
with a significant Value Locked
just waiting for placements to be noticed
by Chinese New Year as TRADiTiONAL Chinese observe the FENG SHui and
tradition of the old world
good luck
and remember.. size your entries and maintain discipline
#RabbitMoon
NIO 9.50 THEN 10 THEN 11 LONG Trading Idea for NIO Inc. (NIO):
Long Position:
Key Points:
Electric Vehicle (EV) Growth: NIO is a key player in the electric vehicle market, and the global shift towards electric transportation provides a favorable backdrop for the company. Growing awareness of sustainability and government incentives can drive increased demand for NIO's electric vehicles.
Market Expansion: NIO's expansion beyond the Chinese market and its efforts to enter international markets, particularly in Europe, could open up new revenue streams. Positive developments in international expansion plans may boost investor confidence.
Innovative Technology: NIO's focus on innovation, including battery technology and autonomous driving features, positions the company competitively in the EV space. Positive advancements in technology may attract investors seeking exposure to cutting-edge developments.
Battery-as-a-Service (BaaS) Model: NIO's unique Battery-as-a-Service model, allowing customers to purchase electric vehicles without the battery, could appeal to cost-conscious consumers and potentially expand NIO's market share.
The Dragon Awakening: China's Stock Market Set for GrowthThe Chinese stock market has been volatile in recent years, but there are signs that it is on the verge of a major rebound. The government is implementing a number of reforms that are aimed at boosting economic growth and investor confidence. These reforms include tax cuts, infrastructure spending, and measures to support small and medium-sized businesses.
As a result of these reforms, there is a growing sense that China's stock market is undervalued. This is reflected in the fact that the MSCI China Index, which tracks the performance of Chinese stocks, is currently trading at a discount to the MSCI World Index, which tracks the performance of stocks in developed markets.
Investors who are looking for long-term growth opportunities should consider investing in Chinese stocks. The country has a large and growing economy, and its stock market is poised for a major rebound.
Here are some of the reasons why China's stock market is set for growth:
The Chinese economy is growing at a rapid pace. The Chinese economy is expected to grow by 7.8% in 2023, making it one of the fastest-growing economies in the world.
The Chinese government is committed to supporting the stock market. The government has implemented a number of reforms that are aimed at improving the environment for investors. These reforms include measures to increase transparency and protect investors from fraud.
The Chinese consumer is growing in affluence. The Chinese consumer class is growing rapidly, and this is creating strong demand for goods and services. This is a positive sign for the Chinese economy and its stock market.
Investors who are considering investing in Chinese stocks should carefully research their investment options and consult with a financial advisor.
CHINA50 interesting LONG set upI don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity:
- RSI is very low - 29 on daily chart, RSI was 24 few days ago.
- 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500
- I'm aware of economic situation, but I still believe that recession will hit US and European market really bad in 2024/2025, but this will be opportunity for China to grow in strength
- bearish move might be not over yet but once the trend reverses, I believe it can easily start movement towards 15000-16000 (in next 12 months or so)
*This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
Shanghai Composite SHCOMP ~ Bearish H&S Formation (Dec 2023)SSE:000001 chart mapping/analysis.
Bearish H&S formation on weekly chart.
Price action already broken below multi-decade trend-line.
Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
A few trends in China's economyToday, we would like to briefly discuss a few underlying trends in China's economy, touching on the subject of unemployment, demographics, and deflation.
Youth unemployment
While the unemployment situation has improved in 2023, youth unemployment (for those aged between 16 and 24) has been a longtime issue in China. Indeed, it has steadily risen since 2018 (back then, it stood at around 10%), with government programs promoting a higher level of education contributing to the problem. As a matter of fact, this year, in June, the youth unemployment rate hit a staggering 21.3%, prompting the Chinese government to stop reporting the number.
Illustration 1.01
Illustration 1.01 shows the daily chart of China’s unemployment rate.
Demographics and fertility
Another big issue in China is the country’s aging population and declining fertility among women. The median age has risen from 28.9 years in 2000 to 34.1 years in 2010 and 37.4 years in 2020. On the other hand, the average number of births per woman stood at 1.6 in 2000; in 2012, 2014, 2016, and 2017, the average rose to 1.8. But since 2018, the rate has been rapidly collapsing. In 2021, the number stood at 1.2, representing approximately 33% decline since 2018.
China’s deflation
As much of the Western world grapples with inflation, China has the opposite problem. For November 2023, the country recorded -0.5% deflation compared to the previous year. With that said, there were three periods when China experienced deflation (annually) since the 1990s. The first period occurred between 1998 and 1999, when the annual inflation rate was -0.8% and -1.4%. The second instance took place in 2002, and the third in 2007. For the eleven months of 2023, the inflation rate averages about 0.3%, the lowest figure since 2009.
Housing prices
Amid the ongoing property crisis in China, house prices have been sliding down this year. Actually, there were only two prints when the year-over-year change was not negative, particularly in June 2023 (coming in at 0.1%) and July 2023 (coming in at 0%).
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
002575 (Guangdong) is forming a pattern, to target 10.7Weekly chart,
Stock 002575 (Guangdong) is trading inside a triangle, and after crossing the resistance line (BLUE), the target will be 10.70
Resistance levels 6.94 , 8.25 , 9.15 to be monitored.
Both technical indicators MACD and RSI are positive
Top Beaten-Down Chinese Stocks to Buy Right Now
Reasons to buy
Alibaba Group Holding Limited ( NYSE:BABA ) : Leader in the Chinese e-commerce market, strong track record of innovation and growth.
JD.com, Inc. ( NASDAQ:JD ) : Well-established and profitable company with a strong market position, benefiting from the growth of the Chinese e-commerce market
Baidu, Inc.( NASDAQ:BIDU ) : Dominant player in the Chinese search market, strong track record of innovation, expanding into new markets, such as cloud computing and artificial intelligence
BZUN X, Inc. ( NASDAQ:BZUN ) : Rapidly growing company with a strong market position, benefiting from the growth of the Chinese fintech market
I would recommend allocating your funds as follows:
BABA: 40%
JD: 30%
BIDU: 20%
BZUN: 10%
This Chinese portfolio is designed to provide you with exposure to the Chinese stock market while also diversifying your risk. BABA is the largest company in the Chinese e-commerce market and has a strong track record of innovation and growth. JD is another well-established e-commerce company with a strong market position. BIDU is the leading search engine in China and is also expanding into new markets, such as cloud computing and artificial intelligence. BZUN is a rapidly growing fintech company with a strong market position.
I believe that this portfolio is a good investment for the long term. The Chinese economy is growing rapidly and is expected to continue to grow in the years to come. This growth is being driven by a number of factors, including an expanding middle class, rising urbanization, and increasing consumer spending. As the Chinese economy grows, so too will the Chinese stock market.
I recommend you should consider your own individual circumstances and risk tolerance before making any investment decisions.
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China50 forming a bottom?CN50USD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Posted a Bullish Hammer Bottom on the 4 hour chart.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Further upside is expected although we prefer to buy into dips close to the 11165 level.
We look to Buy at 11150 (stop at 11050)
Our profit targets will be 11400 and 11450
Resistance: 11420 / 11690 / 11880
Support: 10910 / 10550 / 10360
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Anta Sports: Turning Point Reached 🛑The bears dominated Anta Sports' price action last week, causing further sell-offs. Given this development, we do not consider the magenta wave (x) to be over yet and give it some room to fall. However, the price should not fall too much further and especially not below the support level of HK$67.85. Above this level, the low should be reached and the bullish move in the form of the magenta-colored wave (y) should resume. On the other hand, a break below this level would trigger our alternative scenario, to which we assign a fairly high probability of 44%, which would entail a direct completion of the green wave (2).
$CNINTR - Interest Rates Cut- The People’s Bank of China on Tuesday trimmed its one-year loan prime rate (LPR) by 10 basis points from 3.65% to 3.55%, and reduced the five-year rate by the same margin to 4.2%. The cuts follow reductions in other interest rates last week.
The LPR sets the interest that commercial banks charge their best clients, and serves as the benchmark for household and corporate lending. The one-year rate affects most new and outstanding loans, while the five-year rate influences the pricing of longer term loans, such as mortgages.
This is the first time the PBOC has cut both LPR rates since August 2022, when renewed Covid lockdowns and a deepening property downturn were pummeling the economy.
Australian dollar on a roller-coaster, US NFP loomsThe Australian dollar is trading quietly on Friday. In the European session, AUD/USD is trading at 0.6611, up 0.14%.
It has been a roller-coaster week for the Australian dollar. After declining 1.88% early in the week, the Aussie rebounded on Thursday and gained 0.80%. Today's US nonfarm payrolls report could result in further volatility from the Australian dollar in today's North American session.
All eyes are on the US nonfarm payroll release later today. After falling sharply in October to 150,000 from a revised 297,000, nonfarm payrolls are expected to rebound to 180,000. If nonfarm payrolls are weaker than expected, speculation of a Fed rate cut will rise, while a hot report would undermine market confidence that a rate hike isn't too far away.
Outside the headline data, average hourly earnings will be closely watched, as wage growth is a key driver of inflation. The consensus estimate for average hourly earnings in November stands at 0.3% m/m, compared to 0.2% in October. A higher-than-expected reading could generate a market reaction and give the US dollar a lift.
Australia's largest trading partner is China and the slowdown in the world's second-largest economy will likely dampen Australia's economy. China's economic woes were reflected in this week's Australian GDP, which posted a weak 0.2% gain for the third quarter, compared to the 0.4% gain in Q2. Notably, exports dropped for the first time since Q1 2022.
China's economic slowdown has resulted in disinflationary pressures. Chinese CPI decreased 0.1% in October and another 0.1% decline is expected in the November release on Saturday. If China's economy continues to weaken, demand for Australian exports could fall even further and that could weigh on the Australian dollar.
AUD/USD is testing resistance at 0.6603. Above, there is resistance at 0.6639
0.6530 and 0.6494 are providing support
Petrochina: Please reverse! 🔄Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this overarching movement is completed should stronger declines follow. However, there is also an alternative scenario with a fairly high probability of 40% that would come into effect if the sell-off continues into next week. In this case, the high of the turquoise wave alt.4 would already be in place and the price would be in the subsequent downtrend.