Stock Hang Seng Ends Down
At the close of trading yesterday, the Hang Seng index in Hong Kong Stock Exchange closed down -283.32 points, or -1.45 percent, at 19237.45. The weakening of the Hang Seng Index Hong Kong dollar weakness depressed.
Hong Kong dollar fell to 7.80 against the US dollar at one stage in yesterday, the weakest in four years, after falling 0.36 percent against the dollar last week – the most in 12 years.
Yesterday afternoon monitored Hong Kong dollar is still down 0.02% at 7.7969
Head of the Hong Kong Monetary Authority has asserted to defend the Hong Kong dollar peg 32 years despite the US $ 130 billion of capital outflows due to rising US interest rates last month and weak local economy.
“We have no plans, no intentions, and do not need to change relations system of currency which has served the financial markets of Hong Kong well over the past three decades,” said the chief executive of the HKMA Norman Chan Tak-lam on the sidelines of the Asian Financial Forum Meeting in Hong Kong on Monday.
At the close of trading yesterday afternoon, the shares are pressing the Hong Kong exchange is CNOOC Ltd which fell -4.53%, shares of BOC Hong Kong Holdings Ltd. fell -4.38%, Sun Hung Kai Properties Ltd. fell -3.38 %, shares of HSBC Holdings PLC fell -3.12%, shares of Cathay Pacific Airways Ltd. fell -2.98%.
While the movement of the Hang Seng index futures tracked down -203 points or -1.04% at 19,265.00, down from the previous closing at 19,468.00.
Technically,
Resistance: 19350 19425 19 510 Prev. High / Low: 19441/19140
Support: Closed 19010 19200 19120 Price: 19 271
Comment: To intraday trade today suggest Buy at the level of stop loss at level 19155 19102 19415.
Pounds Rebound On BOE Decision
Sterling rebounded from the lowest level in 5-1 / 2 years against the US dollar and the lowest level in a year versus the euro, as traders waited for a signal on interest rates from the Bank of England amid speculation that the recent selloff has been too much.
But how far this increase can continue to be determined by a series of important economic data this week, including inflation data, wage growth and retail sales. While the BoE Governor Mark Carney is scheduled to deliver his views about the prospects for the UK for the first time this year on Tuesday.
Cable recorded has lost about 3% since the beginning of 2016 as the global market turmoil triggered by China and worries about a possible British exit from the EU to encourage investors to leave assets England.
Technically,
Resistance: 1.4290 1.4340 1.4400 High / Low: 1.4255 / 1.4247
Support: 1.4200 1.4150 1.4080 Running Price: 1.4248
Comment: To intraday trade today suggest at level Sell 1.4258 1.4293 stop loss at the level of the target at the level of 1.4154.
Gold Prices Still In Positive Trend
Gold prices ended steady at the close of trading on Tuesday morning (19/01) amid thin trade in the US holiday commemorating the Martin Luther King Day. The increase in gold prices supported by a decline in crude oil prices to 12-year lows and persistent weakness in world stock markets, which prompted investors to seek assets that are considered safe.
The price of spot gold was trading almost flat edged up 0.04% at $ 1,088.89 per ounce, while US gold futures for February delivery fell 0.2 percent at almost $ 1,089.
The price of this precious metal has risen nearly 3 percent so far this year after weak economic data in China and the yuan slumped in early January that made the slump in the Chinese stock market, which depresses global market.
The price of oil reached its lowest since late 2003, as the market braced for additional exports of Iran after the lifting of sanctions against the country at the weekend. European stock markets rebounded quickly fizzled after the worldwide market slump. Asian markets fell to the lowest since 2011 as investors shun riskier assets after weak US economic data.
US retail sales fell in December, along with industrial production. New weakness in the world economy raised doubts about whether the Federal Reserve will raise interest rates again in March.
Hedge fund managers and financial switching to bullish estimates COMEX gold on their first two months in the week to January 12, the data the US Commodity Futures Trading Commission showed on Friday.
While Platinum prices fell to the lowest level in seven years at $ 812.95, pressured by global growth concerns. As most of the metals industry, widely used by the automotive sector to make catalytic converters, it is more exposed than gold because of concerns over the economic slowdown.
Technically,
Resistance: 1090.10 1092.60 1094.90 High / Low: 1089.60 / 1088.30
Support: 1086.70 1084.00 1080.40 Running Price: 1088.40
Comment: To intraday trade today suggest Buy at level 1083.55 1081.06 stop loss at the level of the target at the level of 1093.57.
