$USD $HKD Residents of Hong Kong are swapping their Hong Kong dollars for other currencies as political unrest affects the local currency, the WS-J reports. Hong Kong’s currency sharply weakened against the USD starting last July, which analysts partly attribute to outflows. The FT reports Hong Kong’s 10 richest people lost about $15-B since that time. […]
Hong Kong and mainland China are the most vulnerable economies at risk of a financial crisis over the next three years as over 40 out of 60 economic indicators are sending alarm signals, including runaway property prices and soaring levels of private debt. Twenty years on from the Asian financial crisis, the region is once […]
The Hong Kong dollar commemorated the 20th anniversary of the territory’s return to China with… a new low, breaking through HK$7.81 against the dollar for the first time in 18 months. Hong Kong’s currency has been weakening steadily this year since in spite of its strong dollar peg, local interest rates have failed to follow […]
Hong Kong Dollar (HK$) ⇨ US Dollar ($)(HKDUSD) Chinese Economy Pushing Breaking Point HKD peg has been broken from flows of money into HK. Chinese economy pushing breaking point with exodus of funds. Interest rates in HK and CN diverging. A flood of Chinese bankers is changing the social fabric of Hong Kong, as they […]
Hong Kong’s pegged exchange rate should stay as it has served the city well through financial crises for more than 30 years, the chief of its de facto central bank said. “Hong Kong is a small and open economy,” Hong Kong Monetary Authority Chief Executive Norman Chan said in a statement as the city approaches […]
The Hong Kong dollar is getting clocked. Last January 2016, there was speculation that the peg to the USD would end. That sent the HKD downward sharply. The dollar recovered for a period but has begun collapsing again sharply over the past few sessions. More will continue. There are mounting problems in China and this […]
The Hong Kong dollar strengthened against sterling as the British elections left no single party with a clear claim to power, sideswiping investors who had already weathered major risk events in the United States and Europe. While Hong Kong people may continue to take advantage of the weak pound for their travel, studies or even […]
Hong Kong Dollar (HK$) ⇨ US Dollar ($) (HKDUSD) Highlights + Technical Analysis Highlights on Hong Kong Beijing’s point man on Hong Kong affairs, Zhang Dejiang, appears to be signalling a harder line on how the city should be governed Agency cites the impact of China’s worsening debt outlook, but Chinese yuan rebounds in Shanghai, […]
Hong Kong Dollar (HK$) ⇨ US Dollar ($) (HKDUSD) GDP Exceeds Expectations Hong Kong’s economy grew by 0.7% quarter/quarter in Q1, beating the median forecast of analysts. It grew by 4.3% year/year, also above expectations. Hong Kong’s economy grew faster than expected in the first three months of 2017, with GDP expanding by 0.7% quarter/quarter, […]
The currency moving out of the HK$7.755 to HK$7.77 range that it spent most of 2016 within is unnerving investors. The Federal Reserve is playing havoc with the Hong Kong dollar — and the stock market could be next. The Hong Kong dollar is within 0.2 percent of HK$7.80 per U.S. dollar, a level that […]
US Dollar ($) ⇨ Hong Kong Dollar (HK$)(USDHKD) HEFFX Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 7.76. The projected upper bound is: 7.76. The projected lower bound is: 7.75. The projected closing price is: […]
US Dollar ($) ⇨ Hong Kong Dollar (HK$)(USDHKD) Trading Outlook HEFFX Notes Honk Kong Dollar Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 7.76. The projected lower bound is: 7.75. The projected closing price is: 7.76. FOREX HKD= closed down -0.001 […]
FOREX HKD= closed up 0.001 at 7.756. Volume was 99% below average (consolidating) and Bollinger Bands were 40% narrower than normal. Open High Low Close Volume___ 7.755 7.756 7.755 7.756 62 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 7.76 7.76 7.76 Volatility: 0 0 1 […]