{"id":139627,"date":"2019-01-03T10:35:38","date_gmt":"2019-01-03T15:35:38","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139627"},"modified":"2019-01-03T07:48:20","modified_gmt":"2019-01-03T12:48:20","slug":"hk50-analysis-hong-kongs-trade-deficit-widened-will-the-hk50-continue-declining","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/hk50-analysis-hong-kongs-trade-deficit-widened-will-the-hk50-continue-declining\/","title":{"rendered":"HK50 Analysis: Hong Kong\u2019s trade deficit widened. Will the HK50 continue declining?"},"content":{"rendered":"<div id=\"inves-372523813\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 3, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Negative data bearish for HK50<\/strong><\/p>\n<blockquote><p>Hong Kong\u2019s trade deficit widened in November. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/indices-prices\/hk50\">HK50<\/a> continue declining?<\/p><\/blockquote>\n<p>Recent Chinese economic data were negative: manufacturing slowed in China in December while trade deficit widened in Hong Kong in November. Markit reported that Caixin Manufacturing PMI declined more than expected in December, indicating contraction in China\u2019s manufacturing sector. And Census and Statistics Department of Hong Kong data showed trade deficit widened to HKD 45.0 billion in November of 2018 from HKD 39.7 billion in the same month a year earlier. The slowing of activities in manufacturing sector is being attributed to deteriorated US-China trade relations, though President Trump tweeted over the weekend about \u201cbig progress\u201d in a telephone discussion about trade with Chinese leader Xi Jinping. Weak economic data are bearish for HK50.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/HK50_O_03Jan2019.png\" alt=\"HK50 resumed falling 01\/03\/2019 Technical Analysis IFC Markets chart \" width=\"660px\" \/><\/p>\n<p class=\"ul-tick\">On the daily timeframe the <b>HK50: D1<\/b> is falling after retracing to three-month high in the end of September.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic indicator<\/b> gives a sell signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates downtrend: it is tilted lower.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bearish signal: it is below the signal line and the gap is widening.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> Stochastic oscillator <\/a> is falling but has not breached into oversold zone yet.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below lower boundary of Donchian channel at 24926.5. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the last fractal high at 25958.0. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit\/loss ratio to the breakeven point. If the price meets the stop loss level (25958.0) without reaching the order (24926.5), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 24926.5<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 25958.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-1690020703\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Negative data bearish for HK50 Hong Kong\u2019s trade deficit widened in November. Will the HK50 continue declining? Recent Chinese economic data were negative: manufacturing slowed in China in December while trade deficit widened in Hong Kong in November. Markit reported that Caixin Manufacturing PMI declined more than expected in December, indicating contraction in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-139627","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=139627"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139627\/revisions"}],"predecessor-version":[{"id":139646,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139627\/revisions\/139646"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}