GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UNION JACK OIL PLC ORD 0.025P, PHOTONSTAR LED GROUP PLC ORD 0.01P
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Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
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Hang seng has been sold in line with Chinese equity markets and global equities markets due to trade tensions with US. As these start to subside, and market awakens to the fact that both countries look for win-win agreement equity markets should rally in the near term. Larger moves can be made if key technical levels are broken as highlighted in the chart.
Everything is described in chart.
Every fundamental reason is given since the US rate hikes again.
The chinese loans have to be paid in US Dollar which increases a lot.
07 Sept. 2016
Hang Senf Index - 4 Hour Chart
Index is now reach a resist level, but buying is strong, expect index to continues the up trend after a correction to the support levels.
The STRONG Resist Zone is where I expect a nice sell back down to the support zone below in this chart, once index manage to climb and reach it, may be in mid. Oct. so watch out for ...