Disclaimer: The contents are for general opinions and do not constitute any investment advice. All remarks are solely for your information purpose and should be treated as education only. Trading and investment involving monetary fund carry RISK.
This Week Highlight - The Post-BREXIT Deal
Just before Christmas, U.K. announced the good news of reaching a deal with the EU officials. This deal is unexpected and comes as a surprise gift to many traders who have been waiting to punt the Pound.
The deal is agreed between the U.K. and the EU officials for a potential "zero tariff - zero quota" policy to be further ratified after the year-end. At least, the agreement in principle has been fixed in place while just waiting for the parliament to draw down the rules in January.
IN the past, we have seen the final week of December to be illiquid in market. Even though there is any unexpected fundamental news, the market is still irresponsive until January. Hence, we foresee not much market movement in Pound until the GBP/USD might pierce above 1.3600 in January and hikes for 1.3800 level!
Ironically, the coronavirus crisis has damaged and also helped the U.K. in getting the post-BREXIT deal. Currently, the covid-19 has mutated and resurged into a new second wave impact throughout Britain and North Ireland. Strenuous and wider lockdown has been imposed in December month to mitigate the spread of this crisis.
Domestically, the British economy has shrunk from the coronavirus impact greatly dented the supply chain within the country. Externally, Britain is still one the largest economy among the European countries and command an important role in the consumer markets.
After the lockdown and impact of the covid-19 crisis, EU has realized the huge cut down in demand and deviation of consumer demand from the emerging markets among Eastern Europe. Hence, it may be unwise if the dispute of post-BREXIT continues and put Britain down in a disadvantageous situation. The key survival is to strike a win-win situation and mutual beneficial policies for the two jurisdictions.
Therefore, the nightmare for U.K. Parliament leaders will be alleviated once the "zero tariff- zero quota" policy implements in 2021. Hold your horses in British assets and observe further before you make final decision.
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The U.S. stimulus worth USD1.9 Trillion has been approved by the House and waiting to be signed into law by President Biden. Target timeline to complete the signatory on the dotted line is today, 14 March 2021. That also means President Biden has to execute his pen power in order to continue the issuance of unemployment benefits to low-income Americans after the expiry date. Last week, Dow Jones market clocked the historical fresh high again on Wednesday when it closed at 32,297 points. The worries on inflation pressure as an eye-washer to long traders have become a bear-trap. Sometime back, we have mentioned in this snippet on the ironical sarcasm of inflation in U.S. economy while so many Americans are cash-strapped due to loss of jobs. Since we are expecting the U.S. stimulus to be rolled out in March, the expanse of this public fund will be able to last for estimate 5-6 months. Practically, we expect the inflation will build up at strongest level sometime in mid-April to end
Hello everyone. It’s a bit late to do analysis for trading today. Here is my analysis support and resistant guide for your. FUTU support level is 123 now. Please take note. It must close above 126, then, you can continue to hold. Otherwise, your sell some profit first. To average down your cost. Once the price breakdown 123, will look for the support at 116. If the price breakup 126 and we can continue to hold. I will give your future resistant. TESLA for short trade, it went to above 600 and drop again. It still look’s good. If not breakdown to 550 again. We still look for TESLA sideway between 550~600 for the next 3 to 5 trading days. APPLE, no matter how still at the normal price range movement. Support at 122, resistant at 128. I dont think it breakdown 120 yet. Still can hold for long term. NIO looks went to 34.9 and drop again. If it hit 32 and not breakdown, it can hold for long term. It look’s good for NIO. Dont need to worry too much. Anyway, market movement we cant predic
After the price movement and Q1 2021 Financial report, FUTU Just hit above 130 yesterday premarket. So, I provide 120 as support level. Because the prive movement, the market support level is up. Once breakdown 124, i suggest take profit first. 130 still today’s resistant. Once can stay above 130, we look for next higher resisant at 140.If the price breakdown below 120, please do not buy as low first. Next support level at 112. Good Luck.