$HSI(HSI)$ has made a spectacular rally on easing of covid restrictions and favorable cpi and ppi reasons for a fed pivot. this caused the$US2Y(US2Y.BOND)$ to retreat and $USD Index(USDindex.FOREX)$ to retreat also. $SGD/HKD(SGDHKD.FOREX)$ also rebounded strongly giving hsi a boost.
we could also observe from the candlestick charts that after six consecutive red candles appear, the market is bound for a strong rebound rally, hence the hk technical bull market. coupled with santa rally, this rally is unstoppable. buy on any pullback until it hits resistance zone 22,000. that maybe the point where fed hikes rate again in dec.
sino-us relations revolve around taiwan and china's stance in ukraine-russia war, transparency of us-listed chinese companies. great that they could thrash things out in a peaceful way. historically the us always misinterprets china due to cultural differences and result in unnecessary curbs.
merci beaucoup @TigerStars for shining our way. 🥂✨
remember to always apply automatic investment system, take profit at 10% intervals or at resistance zones if you know technical analysis.
bon courage
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