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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 3 October 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave((C)) Direction Next higher Degrees: wave II of Motive Wave Cancel invalid level: 28635 Details: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83 Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline. Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish divergence. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 3 October 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective Position: Wave 4 Direction Next higher Degrees: wave ((C)) of Flat Wave Cancel invalid level: 28635 Details: the increase in wave 4 before decline in wave 5 Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline. Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish momentum. -
As forecasts of a luxury consolidation grow ever louder, Xiaolin Chen, head of international at KraneShares, tells IGTV financial analyst @AngelineOng why higher-end names like Hermes, Gucci and Dior will still do well. Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Tuesday 03 October 2023 14:04 (Video Transcript Summary) Chinese overseas spending set to rise Dr Xiaolin Chen from KraneShares speaks to IG financial analyst Angeline Ong about the current trends in China's consumption and luxury stocks. Dr Chen says that while many Chinese people are choosing to travel within China during the Golden Week holiday, overseas spending is expected to decrease. This could be because of personal preferences and travel restrictions. However, Dr Chen believes that Chinese people will continue to travel abroad for holidays in the future. When it comes to luxury stocks, Dr Chen explains that Chinese households have become wealthier, leading to more spending on luxury brands. Chinese consumers now prefer more expensive and exclusive luxury brands, and they are also buying from local Chinese brands. The price difference between luxury brands sold domestically and abroad has decreased, making shopping locally more appealing. K-Lux fund targets luxury brands Dr Chen says popular luxury brands like Hermes, Gucci, Dior and Chanel are loved by Chinese consumers. However, she noted that these brands may have had a temporary increase in revenue after reopening and might need to make some adjustments now. She also mentions that the growing middle class in China, comprising some 700 million people, is a significant consumer base for both high-end and more affordable luxury brands. To target this market, KraneShares has launched a fund called K-Lux. Using cleaner energy alongside fossil fuels In terms of the energy sector, Dr Chen talks about the global shift toward decarbonisation and the role of oil and fossil fuel companies. She acknowledged the challenges of balancing the transition to cleaner energy sources with the continued use of fossil fuels. Dr Chen highlights China's commitment to reducing carbon emissions and mentions that the country is investing heavily in green energy technologies. Dr Chen also discusses the inflow of investments into Chinese equities. Since Chinese A-shares were included in global indices in 2018, there has been a positive net inflow of investments each year. Despite some mixed economic data and outflows in 2023, institutional investors have shown confidence in the Chinese market by strategically positioning themselves for long-term allocations. Dr Chen believes that with supportive policies and positive data releases, investor sentiment toward Chinese equities will improve in the coming months. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary. -
While recession fears largely evaporated in 2022 and 2023, IG market analyst Pablo Gil tells IGTV’s @AngelineOng why 2024 will be a year of reckoning for investors, and how to position for this. Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Tuesday 03 October 2023 11:07 (Video summary) The global market forecast: recession looms, dollar soars IG analyst Pablo Gil and IGTV presenter, Angeline Ong, dive into the current global market situation, touching on sticky inflation, strikes happening worldwide, and the struggle of central banks to control inflation. Pablo believes that the impact of the fight against inflation won't show until 2024, and a recession could become a real concern within the next six to eight months. To explain why, he points out consumer-related indicators that reveal a weakening consumer due to the cost of living crisis and inflation crunch. For example, things like consumption and credit defaults are showing signs of decline. Market predictions for 2024: sell-offs and weakening demand Looking ahead to 2024, Pablo predicts certain market effects, such as sell-offs in the equity market, a stronger dollar, and reduced commodity prices. These predictions stem from the expectation that consumption and global demand will decrease. However, he cautions that once the recession hits, inflation won't be the main concern anymore. Instead, the lack of growth and its impact on the labour market will become a pressing issue. To add to the complexity of the market landscape, Pablo and Angeline touch upon geopolitical tensions between the US and China, as well as tensions between the BRICs (Brazil, Russia, India, China) and G7 countries. They highlight that globalisation dynamics are changing, with different perspectives emerging from countries like China, Russia, and Middle Eastern nations. Geopolitical risks are on the rise and are unlikely to be resolved in the near future. Overall, this video provides valuable insights for those looking to understand the current global market situation in a more accessible and engaging manner. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
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Question
Kra
Hi
i can not withdraw funds back to my bank account on the apps, the button doesn’t go though when I click on it, by the way, even I got verified.
thx
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