China Recovery Bet
Fundamentals & Sentiment
HK50:
- China recovery, based on PMI and GDP QoQ
- The latest China Trade Balance printed decently above the previous one (although below consensus)
USD:
Yesterday's cooling US labor market, based on Initial Jobless Claims increase
Technical & Other
*Chose HK50 instead of ChinaA50 because of smoother price action; eventually HK turned out to be stronger because of the dividend tax cuts for individuals who bought HK shares. China A50 seems to be more vulnerable to geopolitics, like China tariffs in the US.
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Uptrend
Target: June-August highs
Risk: 1.2%
Entry: Buy Stop
HK50:
- China recovery, based on PMI and GDP QoQ
- The latest China Trade Balance printed decently above the previous one (although below consensus)
USD:
Yesterday's cooling US labor market, based on Initial Jobless Claims increase
Technical & Other
*Chose HK50 instead of ChinaA50 because of smoother price action; eventually HK turned out to be stronger because of the dividend tax cuts for individuals who bought HK shares. China A50 seems to be more vulnerable to geopolitics, like China tariffs in the US.
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Uptrend
Target: June-August highs
Risk: 1.2%
Entry: Buy Stop
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