(DYDX) dydx "third most active location -- China"The third most active location is China with 13%, second UK 13%, and India first most active location for Dydx at 26%. Headquarters are here in USA, California.
China
(TOKE) tokemak "second most active location in China"The activity for Tokemak (TOKE) shows 11% in China and 79% in USA. Data from crunchbase.com.
CN50 rallies to continue attract sellers?CHN50 - 24h expiry
Price action has continued to trend strongly higher and has stalled at the previous resistance near 11700.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 11650 will confirm the bearish momentum.
We look to Sell at 11700 (stop at 11760)
Our profit targets will be 11550 and 11450
Resistance: 11700 / 11750 / 11800
Support: 11600 / 11500 / 11450
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.
Nio: Close Call!We continue to see NIO in the blue wave (iii), which should lead to an increase above the resistance at $7.02. Subsequently, we expect a small correction before a further rise completes the magenta wave (1). Should the share fail to hold the $3.61 mark, which we consider to be 48% likely, we will see it in the beige-colored wave alt. II.
CHINA A50 Rebound expected.The China A50 index (CN50) eventually closed below the 1W MA50 (blue trend-line) last time we looked into it (June 14, see chart below) and hit our 11800 downside Target:
The long-term pattern remains bearish in the form of a Falling Wedge, but right now we expect a medium-term counter-trend rebound similar to the one that followed the May 30 2023 Low and reached the 0.236 Fibonacci extension.
As a result, we turn bullish on this index, targeting 12350 (0.236 Fib and top of the Falling Wedge).
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TSLA Bearish Pennant
NASDAQ:TSLA
I'm torn on Tesla (TSLA). While I believe Elon Musk is a visionary leader, the stock's short-term outlook appears challenging. Increased pressure from Chinese manufacturers like BYD and broader macroeconomic headwinds make a bullish picture difficult.
Tesla is more than just an automaker, with tailwinds from its energy storage, self-driving, and robotics divisions. However, these aren't likely to materialize in the near term.
Recent Developments:
Broke below 200-day moving average (DMA).
Retested and failed to break above the 200-DMA multiple times.
Formed a bearish pennant pattern between the 200-DMA and 100-DMA.
Bullish Case: TSLA recently broke above a downward trend line and is finding support on the 100-DMA. If this holds, we could see higher highs compared to the most recent run-up.
Bearish Case: A break below the bearish pennant while below the 200-DMA could target the previous low this year. While there's a chance of a buying spree at that point, a continued decline is also possible.
(ORN) ORION PROTOCOL "most active in China"data according to www.crunchbase.com, data measured monthly.
orion protocol is most active in China.
(SWFTC) swft blockchain "most active in China"
data according to www.crunchbase.com, data measured monthly.
most active in China.
METAL (MTL)data according to www.crunchbase.com, data measured monthly.
metal is most active in China.
(DOT) polkadotdata according to www.crunchbase.com, data measured monthly.
It is said, Polkadot is most active in China.
USOIL Slides to Crucial Support Region on Demand JittersThe commodity staged a four-week relief rally recently and the longest profitable streak of the year, helped by OPEC+ supply curbs extension and summer travel demand. At the same time, soft US inflation and dovish Fed commentary have boosted market pricing for multiple cuts, which can provide another tailwind. Above the EMA200 bulls have the ability to set higher highs (84.54), but don’t inspire yet confidence for new 2024 highs (87.66).
Despite the near-term favorable supply-demand dynamics, longer-term prospects are gloomy, as OPEC+ will start returning oil to the market and usage is likely to decelerate substantially this year. This week’s data from China (the world’s largest importer) aggravated demand concerns, as the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year.
USOil faces pressure as a result and threatens a key support region, provided by the 200Days EMA (blue line), the 38.2% Fibonacci of the last leg up and the upper border of the daily Ichimoku Cloud. Although this cluster has the potential to contain the fall, a breach would shift bias to the downside. This would expose WTI to 76.13 and bring the June lows to the spotlight (72.40), although sustained weakness is not easy under current conditions.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
$CNGDPQQ -China's GDP (QoQ)ECONOMICS:CNGDPQQ (Q2/2024)
- The Chinese economy expanded 4.7% yoy in Q2 2024, missing market forecasts of 5.1% and slowing from a 5.3% growth in Q1.
It was the weakest advance since Q1 2023, amid a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with the West.
In June, retail sales rose the least in near 1-1/2 years while industrial output growth was at a 3-month low.
Hang Seng Slips after New Disappointing Chinese DataLast week’s soft CPI report showed that China has not escaped deflationary pressures and today’s data reaffirmed the weak consumer demand environment, as retail sales rose just 2% y/y in June and the worst print since late-2022. Adding to the woes, the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year.
HKG33 slips after the new disappointing data and remains in peril of breaching the ascending trend line from the 2024 lows and the 50% Fibonacci of the advance from that low (at around 17,200). That could open the door to further losses towards 16,000, but we are cautious around such moves.
This week’s new disappointing releases may aggravate concerns around the economy, but also raise the chances of more stimulus by Beijing just as the Third Plenum kicks off, where officials will have the chance to discuss supportive measures.
HKG33 can find renewed support as a result and last week it managed to gain ground, overcoming the poor inflation report. Although the upside remains unfriendly, the index tries to hold the initiative about the EMA200 (black line) that keeps it on track for 18,736, but sustained advance towards this year’s peak 19,794 does not look easy.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
$DXY -Decisive Move Around the Corner !!! Dollar Index TVC:DXY on the cusp of making a major move TA speaking ;
(100.8 or 110)
- To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh).
- Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning)
Fundamentally speaking ;
Would be a great move to the Upside for TVC:DXY Fundamentally speaking,
resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs.
Must be time for TVC:DXY to strengthen even more, makes sense ,,
otherwise Recession is just ahead !
On headlines ,
CPI ECONOMICS:USIRYY is coming lower,
with economists awaiting Fed Cuts ECONOMICS:USINTR cuts by end year.
However, worth mentioning is that wealth hedges such as TVC:GOLD continues to be stocked up in piles of tonnes from China ECONOMICS:CNGRES and not only;
China's Wealthy Class is also in the process of purchasing pure physical Gold
*** NOTE
This is not Financial Advice !
Please do your own research with your own diligence and
consult your own Financial Advisor
before partaking on any trading activity
with your hard earned money based solely on this Idea.
Ideas being released are published for my own trading speculation and
journaling needed to be clear on different asset classes price action.
CN50 to remain mixed and volatile?CHN50 - 24h expiry
There is no clear indication that the downward move is coming to an end.
Risk/Reward would be poor to call a sell from current levels.
Price action has stalled at good resistance levels and currently trades just below here (12100).
A move through 12000 will confirm the bearish momentum.
The measured move target is 11850.
We look to Sell at 12100 (stop at 12180)
Our profit targets will be 11900 and 11850
Resistance: 12100 / 12150 / 12200
Support: 12000 / 11900 / 11850
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.
China is gonna rip and y'all aren't ready for itLove this macro HTF channel for FXI, China's large cap equity index.
Range goes back to '06. The last two years has been the largest BB deviation since the index's inception.
73% to the channel topside EQ. We think China will outperform US markets over the coming years and this will mark a defining market bottom for China/Asia.
I'll linlk the FXI/SPX chart from a few weeks ago as well.
Hang Seng in Remains in Peril after Weak Chinese InflationChina’s post pandemic recovery is bumpy, troubled by a distressed property market, subdued factory activity and weak consumer demand. Today’s data showed that the country has not escaped deflationary pressures, with CPI hovering around zero for more than a year now. Inflation came in at +0.2% y/y in June, lower than expected and the weakest since January. On a monthly basis, it contracted by 0.2%. Strained Sino-Western relations meanwhile add to the woes, with the latest episode in the trade wars coming from the European Union, which slapped provisional tariffs on Chinese electric vehicles (EVs).
This unfavorable mix keeps pressure on HKG33, which runs its second straight losing month. The index is now in risk of breaching the ascending trend line from this year’s lows that would bring 16K in the spotlight.
On the other hand, Beijing has been taking measures to support the economy – even if timid – and more action could be announced later in the month, while weak inflation puts pressure on the central bank for rate cuts. Furthermore, the economy has shown some encouraging signs and the country pushes ahead with the new three pillars of growth consisting of solar, EVs and electric batteries.
HKG33 is in profitable territory for the year after the recent relief rally and can find support around the current levels. This would give it the opportunity to reclaim the EMA200 (blackline) and regain the initiative, but the upside is unfriendly.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
75: BYD to Open Major Electric Vehicle Factory in TurkeyExciting times for BYD as the company announces a significant $1 billion investment to establish a major electric vehicle factory in Turkey. This strategic move is set to help BYD circumvent the recent EU tariffs on Chinese electric cars, creating 5,000 jobs and enhancing their production capabilities to 150,000 vehicles annually. This development not only strengthens BYD's foothold in the European market but also showcases their adaptability and long-term growth strategy.
The chart is currently indicating an uptrend, which began after the price successfully reclaimed the $54.80 level. This reclamation has set a strong foundation for the current upward momentum.
The price has also sustained above the high of $58.01, further solidifying this bullish trend. Holding above this level is crucial for the next phase of the uptrend.
The immediate target for BYD’s stock is the $64.91 price level. Reaching this level will confirm the strength of the current trend and open up possibilities for further gains.
Once the stock achieves the $64.91 mark, we can set our sights on the next significant target at $76.75. Breaking through this level could lead to even higher valuations, reflecting continued investor confidence and market strength. On the flip side, if the stock loses its grip on the $58.01 level, it could signal a reversal, with the next major support found around $43.48. Monitoring these levels is essential for adjusting trading strategies accordingly.
75: Decline in Oil Tankers to China Signals Weaker DemandThe number of oil tankers heading to China has dropped to its lowest in nearly two years, indicating weaker demand in the world's second-largest economy. Bloomberg reports only 86 supertankers en route over the next three months, the lowest since August 2022.
Current Scenario: After holding $70 on the weekly chart, oil prices are attempting to reach new highs around $90. This movement suggests bullish momentum as the market reacts to shifting demand dynamics.
Bearish Scenario: If oil prices fail to maintain momentum and drop below the recent low, we could see a trend reversal. Key support to watch is around $60, where buyers might step in again.
Bullish Scenario: If oil prices break above $90, we could target $100 as the next major resistance level. Sustained bullish momentum would be necessary for this upward move, potentially driven by improving economic indicators or geopolitical factors.
75: China Export Analysis - Fundamental and Technical OverviewThe European Union (EU) and the United States have increased scrutiny and imposed higher tariffs on Chinese imports, particularly electric vehicles and strategic materials like gallium and germanium. These measures are designed to protect domestic industries from what are perceived as unfair trade practices and subsidies by the Chinese government.
Additionally, the EU's new Critical Raw Material Act and battery regulations aim to reduce dependency on Chinese imports and secure supply chains for critical technologies. These regulatory changes have led to a noticeable decline in Chinese exports to the EU.
In response, China has imposed export restrictions on key materials, further straining trade relations. These geopolitical tensions and trade barriers have significantly impacted China's export figures.
Currently, China's export trend is showing a downward trajectory. The export figures have struggled to reach the $350 billion mark and are at risk of dropping significantly lower, potentially towards the $140 billion level.
Chart Overview:
Trend Line: A clear downtrend is visible on the chart, with lower highs and lower lows indicating sustained pressure.
Support and Resistance Levels:
Resistance: The $350 billion level is the upcoming resistance. That has not yet been reached.
Support: Immediate support is observed around $250 billion. A break below this level could accelerate the downward move towards $140 billion.
Will We Reach $350 Billion or Go Lower?
Given the current economic and geopolitical landscape, it seems still likely that China will reach the $350 billion export mark in the near term because there has not been a really corrective wave in the chart. But the downward pressure from increased tariffs, export restrictions, and the EU's push for supply chain independence are significant hurdles. If these conditions persist, a further decline is a plausible scenario.
HSI - KWEB - FXI - YINN --- China UptrendChart is self explantory. Bottomline I think we came to the end of 4 year long bear market in China. If they don`t blow up the Taiwan issue, coast is clear.
Econ gathering on 14-16 July, CCP will explain it reforms. I don`t buy what they sell but they would most likely provde liquidity to the market pre and post this economic forum which they do every 5 years. Even for a small pop, this could be a nice play.
BABA - PDD - JD - Tencent...ideally I play with YINN but all the names will benefit eventually.
China A50 prints important swing lowThe China 50 row traced over 7% from a high to the June low. But a triple bottom formed at the 12,000 level, just above the 200 day average. A Bullish divergence also formed on the two-period RSI whilst the triple bottom formed.
On Tuesday we saw clear range expansion to the upside and a daily close above the 200 day exponential moving average. This suggests an important swing low has formed around 12,000.
On the hourly chart, a bullish divergent formed on the 14-period RSI. Resistance was met at the monthly pivot point and RSI became overbought on the daily and hourly chart, and prices now retracing lower. But with a significant low likely forming around 12,000, the prices to buy dips towards 12,100 and target 12,500 near the monthly R1 pivot point.
JD.com (JD): Key Levels to Watch for Potential ReversalJD.com has seen the expected drop towards the High Volume Node and Point of Control (POC) on the daily and three-day charts, between $27.50 and $26.80. Now, the price is falling further, and we think the lowest it could go is $24.65. This area is about $1 wide, and if it goes below that, it might drop to $20.
Current Situation:
The current situation shows the main support levels between $27.50 and $26.80. We believe the maximum downside is around $24.65. If it drops below this level, it could fall to $20. This support area is important because a lot of trading happened here, so it’s a key level to watch.
Possible Scenarios:
There are two possible scenarios: a continued decline or a bullish reversal. If the price keeps dropping, it's best to wait until we see some signs of strength. If it falls below $24.65, it could go down to $20. For the price to go up again, JD.com needs to get back above the resistance between $35 and $38. This would show a possible upward trend.
Strategy:
Our plan is to wait to see if the price shows some strength in the current support area. If it keeps falling, we should avoid entering the market. We need to keep an eye on the $24.65 level for any signs of a bigger drop. Also, watch if the price goes back above $35-$38 to signal a possible upward move.
We are closely watching the current support area and will wait for signs of strength before making any decisions. We won't be catching falling knives at the moment, and if the price drops below $24.65, we expect it to fall towards $20. On the other hand, if it goes above $35-$38, it might start a bullish trend.
