Hong Kong Hang Seng (HSI) Forecast

US stocks extended their gains ahead of the weekend after President Trump shied away from specific actions against China-Hong Kong, and today Hong Kong shares recovered smartly from last week’s 3.6% slide.

Alibaba is set to announce its latest quarterly results on May 22.

Asian indices are losing about 1% on Tuesday morning while futures for European and US indices point to open in the red.

In such plunging markets, we either tend to remember one of the most quoted Warren Buffet-isms “Widespread Fear is Your Friend, Personal Fear is Your Enemy” or see “Buying opportunities as catching a falling knife”.

Equities plummet to new lows as coronavirus fears continue to spread.

Chinese measures to help support the economy in the wake of the coronavirus saw onshore Chinese equity markets outperformed yesterday.

China A 50 index opened with an 8.5% drop to its lowest level since June 2019 but was able to rebound from those levels.

If one is to describe the year 2019 in one word, we believe the word “uncertainty” would be the right fit.

After painting a pretty dour overview of the world in yesterday’s write-up, it seems the combination of a world that is incredibly long of gold, JPY, CHF and bonds, married with Trump offering even the slightest belief of convergence with China, has resulted in swift part position-adjustment.

Aside from a punchy increase in US consumer confidence, I am not sure we heard news in European/US that we hadn’t already heard and interpreted in Asia yesterday. However, the US reaction was certainly vastly different from how Asia traded yesterday and there has been a clear bid in safe-haven

US-China trade tensions are expected to continue being the dominant theme this week, as Asian markets kicked off Monday in risk-off fashion.

It is becoming evident that the US/Chinese trade issues are going to become a point of contention for the markets going forward. We’ve been review as much news as possible in an attempt to build a consensus for the future of the US markets and global markets. As

Following a remarkable 39% gain from its December lows, China A50, an index made up by mainland Chinese shares, dropped sharply and at the time of writing they had slid by 12.55% from their 2019 high.

The respective influences of economic data and earnings will be under debate as earnings season kicks in. Stats are weakening, yet earnings are not…

The S&P traded flat ahead of earnings season while investors  picked up little from Fed’s Clarida who stuck to the Feds current  mantra  “we can be patient as we assess what adjustments, if any, will be appropriate to the stance of monetary policy.”

Today major indices are in red. At the same time, EURUSD cementing major support on 1.1200, and Bitcoin looks heavy after an unsuccessful attempt to grow above $5400.

Last week we had strong numbers out of China and our research continues to suggest the Chinese stock market could be poised for an upside price rally of at least 15% over the next 30+ days before possibly reaching a peak in June or July 2019. Our Fibonacci predictive

Asian and US markets turned to decline after a long rally. According to technical analysis, this may be the beginning of a long-term correction or even reversal

Consumer Inflation in China Hits a 5 Year LowChina released a whole slew of economic data this morning including consumer inflation which has now hit a 5 year low and a level not seen since January 2010. This support investor fears that the world’s second largest economy is slowing down.