PBoC to cut the FX Reserve ratio to 0% (previously institutions have to keep 20% of forward settlement amount). This would provide more flexibility to institutions and probably less demand for CNH from this perspective (no need to hold cnh)
DXY might be waiting for the US election to break out the current range bound. Would not be a surprise to go lower in December due to risk on sentiment, and stimulus packages
1. Baidu have had low valuation due to its stagnant growth of its core business - search engine in China, however, it enjoys a significant moat in this segment as it is the largest market share holder - therefore has network effect.
2. Baidu had been investing significantly in developing AI and autonomous driving over the past few years. Its Apollo project is as...
EMA 8 and EMA 21 had been one of the first trend line showing the market sentiment over the past few months. Recently, the bearish cross among the two EMA appeared and the market had struggled to keep going up and faced sell off while trying to climb back higher.
However, current pattern seems like early June - mid July, where the SPX will consolidate before...
Due to market sentiment and quitting of co-CEO, CRM fell to EMA 200 ($163), which was previously a resistance zone before the speculation of Google acquiring it published by RBC, and immediately rebounded from that level to $170.
It might be worth accumulating when market opens as CRM remains a long term winner given the amount of companies it has, constructing...
Worth trading with $77 as SL (support that held multiple times), $84 as TP. As it is trading at lower Bollinger Band after falling out of it.
Corona virus impact should be minor for SaaS stocks as majority of companies would not cancel their subscription unless the disease remains for another half year causing its customers unable to survive.
If market...
Expecting GBPUSD to rebound to EMA20 before going further down to 1.2779.
While housing demand improved along with strong PMI data over the past weeks; UK-EU trade talks are likely to cause the currency to drop further as Boris Johnson's request of a Canada-style trade agreement is not reasonable in the eyes of EU. Both parties' stance will likely to cause the...
The company is a value stock to hold and is currently at a very low valuation with huge margin of safety. Its P/E is at 3.3 with PB at 0.66, dividend (TTM) at 10.2%. I expect the stock to at least have 20% upside (HK$ 3.92). Recent corona virus caused the company to drop further to 1 year low, thus providing an opportunity to enter, along with increasing RSI and...
