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Columns The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)
The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Translated
![The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240722/1721619695527-b1c11370f2.jpeg/thumb?area=104&is_public=true)
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$HSI Futures(JUL4)(HSImain.HK$ The harder it falls before the market opens, the stronger the rebound will be
Ready to take off
Translated
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First, let's talk about the overall trend
The current rise and fall of China Securities has nothing to do with fundamentals. They are all together, and basically depend on the two trends of the Stock Exchange and Hang Seng.
The Shanghai Composite Index. At least in early May, the CD indicator suggested selling. We said we should avoid it first. Now it has bottomed out, and the take-off is just recently. Regarding this part, my explanation video last night was very clear, so you can watch it. China Securities can do it
(The one pictured abovesellwithRead the bottom(It comes with the CD indicator)
So, let's talk about the conclusion. China Securities are bullish, so I'm starting to lay out the layout:
2. Let's talk about Baidu $BIDU-SW(09888.HK$
Previously, I made the call above because the CD indicator suggested that the bottom could be copied.
Next, Baidu will take off in a big wave, and I'll have to do another wave in a while.
Radish Run's millions of orders are not covered
3. Tell me about Tencent $TENCENT(00700.HK$
Instead, Tencent should be more careful.
(The one pictured aboveRead the bottomwithsell(The CD indicator is automatically displayed)
4. Tell me about Meituan $MEITUAN-W(03690.HK$
Old fans who have been following me for a few years should remember that in early February, I fervently promoted Meituan to make everyone cherish the 70 Meituan. At the time, the CD indicator prompted to go to the bottom, then quickly drilled out of the blue ladder
Now it's time to sell. If we fall below the blue ladder, we'll clear the position.
5. Tell me about Ali
I didn't buy many, just bought one. It's still going up, so I won't clear the inventory
The current rise and fall of China Securities has nothing to do with fundamentals. They are all together, and basically depend on the two trends of the Stock Exchange and Hang Seng.
The Shanghai Composite Index. At least in early May, the CD indicator suggested selling. We said we should avoid it first. Now it has bottomed out, and the take-off is just recently. Regarding this part, my explanation video last night was very clear, so you can watch it. China Securities can do it
(The one pictured abovesellwithRead the bottom(It comes with the CD indicator)
So, let's talk about the conclusion. China Securities are bullish, so I'm starting to lay out the layout:
2. Let's talk about Baidu $BIDU-SW(09888.HK$
Previously, I made the call above because the CD indicator suggested that the bottom could be copied.
Next, Baidu will take off in a big wave, and I'll have to do another wave in a while.
Radish Run's millions of orders are not covered
3. Tell me about Tencent $TENCENT(00700.HK$
Instead, Tencent should be more careful.
(The one pictured aboveRead the bottomwithsell(The CD indicator is automatically displayed)
4. Tell me about Meituan $MEITUAN-W(03690.HK$
Old fans who have been following me for a few years should remember that in early February, I fervently promoted Meituan to make everyone cherish the 70 Meituan. At the time, the CD indicator prompted to go to the bottom, then quickly drilled out of the blue ladder
Now it's time to sell. If we fall below the blue ladder, we'll clear the position.
5. Tell me about Ali
I didn't buy many, just bought one. It's still going up, so I won't clear the inventory
Translated
![“Special Interpretation of China Securities”](https://ussnsimg.moomoo.com/sns_client_feed/102768750/20240717/6f09966fd10fda0c3dbd45f6c17028fd.jpg/thumb?area=999&is_public=true)
![“Special Interpretation of China Securities”](https://ussnsimg.moomoo.com/sns_client_feed/102768750/20240717/fda712a707203fdb6a715cc85ea5f42d.jpg/thumb?area=999&is_public=true)
![“Special Interpretation of China Securities”](https://ussnsimg.moomoo.com/sns_client_feed/102768750/20240717/125c15d299355041d1ce5e0e3a035887.jpg/thumb?area=999&is_public=true)
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$KraneShares CSI China Internet ETF(KWEB.US$ Three inside up on the weekly + break above trendline. Bullish
$S&P 500 Index(.SPX.US$ $Alibaba(BABA.US$ $PDD Holdings(PDD.US$
$S&P 500 Index(.SPX.US$ $Alibaba(BABA.US$ $PDD Holdings(PDD.US$
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/71575636/20240715/1721026920844-random8947-71575636-android-org.jpeg/thumb?area=100&is_public=true)
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102640653 : I am currently tied down with sone Chinese adr . Losses r mounting a bit . Will soon be selling n playing options on spy . That’s much better for me n comfortable with me . Maybe look on Thursdays n Friday for trends on spy