Traders should stay abreast of updates to react quickly. The first movers stand the best chance of asserting an edge. Oanda , Reuters, Yahoo Finance, DailyFX, online converters, TradingView and MarketWatch are just a handful of the resources available to traders.

Carry trading is a popular strategy that enables investors to capitalise on low interest rates. Traders borrow more in currencies with lower interest rates and invest in high-yielding markets. The demand creates inflows of capital which strengthens a currency.

The recent widening of the gap between Hong Kong and US interest rates has seen a surge in investors opening new carry trade positions. The relatively low-interest rates of the HKD means that some investors will look to borrow against the USD and invest in the HKD.

There is speculation that the HKD will be re-pegged amid concerns that the peg may be limiting growth in Hong Kong.

Adjustments to the peg range or a peg break would allow for greater movement. There is also talk that the Hong Kong dollar could be pegged to the Chinese yuan in the future. However, the possibility of a slowdown in Chinese economic growth may halt that move for now.

There is also some discussion about the long-term prosperity of the Hong Kong dollar. Some experts argue that with the increasing Chinese influence over the state, the outlook is looking bleak for the HKD, which may become redundant.

For those that do wish to trade the pair, it presents an opportunity to gain access to the relatively closed-off Chinese economy. The pair has seen a tumultuous history which has led to fluctuations in the quoted price of both the US and Hong Kong dollar. The currency peg has stabilised much of this but with speculation over the adoption of a new peg, who knows what the future holds. The current exchange rate is displayed on a live price chart. This shows how many Hong Kong dollars are needed to buy 1 US dollar.

This rate will fluctuate within the fixed limits established by the HKMA. Anticipating announcements from the BoC can help inform investment decisions. There are many free, currency converters available online.

In , the Hong Kong dollar was pegged against the US dollar in an attempt to stabilise the currency. Today, it continues to operate between the established fixed limits. With that said, there is talk that the peg may be removed or amended in the future. Toggle navigation. Brokers Broker Reviews Forex Brokers CFD Brokers Stock Brokers Crypto Brokers Popular Reviews AvaTrade Vantage OANDA Deriv. com BDSwiss XM Eightcap Oval X IC Markets CityIndex Pepperstone Forex. com Axi LegacyFX Skilling Quotex IG Group CMC Markets FXCC XTB Trading Forex Trading CFD Trading Stock Trading Crypto Trading Copy Trading Leverage Trading Social Trading Scalping Trading Futures Trading Options Trading Islamic Trading Weekend Trading Swing Trading Margin Trading Automated Trading Trading For a Living Guides Trading Strategies Technical Analysis Trading Patterns Payment Methods Risk Management Short Selling Education Trading Tips Taxes Binary Options Digital Options Markets Trading Rules Spread Betting Glossary Trading Bonus Passive Income Trading Regulation Demo Accounts Trading Charts Trading Apps Trading Software Trading Signals Trading Services Trading Alerts Stock Screener Trading Ideas.

Home Forex Trading GBPUSD Spread 0. IC Markets. GBPUSD Spread 1. GBPUSD Spread 2. GBPUSD Spread Variable EURUSD Spread Variable EURGBP Spread Variable Total Assets 18 Leverage Platforms Own. GBPUSD Spread from 0. IQ Option. Spreads are on the high side and the brand do not excel in this area Risk Warning: Your Capital Might Be At Risk.

IG Group. Trade a range of major, minor and exotic currencies. Trade with spreads as low as 0. Up to leverage available. The firm also ensures negative balance protection com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types.

GBPUSD Spread 1 pip var EURUSD Spread 0. Videforex offers leveraged trading on major, minor and exotic currency pairs. GBPUSD Spread Floating from 0.

GBPUSD Spread From 0. GBPUSD Spread 2 pips EURUSD Spread 1. Trade over 60 forex pairs with advanced analysis tools. Trade a long list of major, minor and exotic currencies. Trade currency pairs with tight spreads and leverage. Trade FX with high leverage levels. GBPUSD Spread 2 EURUSD Spread 1. Trade on FX pairs with leverage. The USDHKD pair naturally has a tight trade but at times gets volatility shocks. A signal that since has triggered such shocks to the downside has been flashing on the 1D RSI.

As you see during that period, every time the 1D RSI formed Lower Highs while the candle action was either rising or flat, a strong drop occured. We have another 5 such occurrences The Hong Kong Dollar is about to be massively devalued against the US dollar.

Nowday, everything in China is problem. USDCHN is also my target. Hong Kong has been facing quite a lot of pressure from Mainland China, and a good portion of their higher networth population are sending assets abroad to diversify from Asia risk. The HKD is softly pegged to the USD and they've been maintaining this peg for 40 years.

Their stock market is at a very key level of 20k HKD and could start to break down the HKMA uses Looking for sells on this pair. The HKD is at the bottom. This is the highest USDHKD has ever been every logical trader woukd understand that with the conciding highest levels of inflation and threaths on the US economy due to inflation and skybrocketing gas prices and shortage a probably drop is eminent.

This is an exotic pair, therefore the spread would be large depending on your broker. Also their may be a interest fee paid or received just for being in the trade. Ive been waiting for price to reach this area for quite some time. I was able to looks like 7. with the US dollar being so strong I was expecting to break this level.

As one of the world's leading international financial centers, Hong Kong's service-based services are characterized by low taxes, nearly free ports and good international financial markets.

Hong Kong Monetary Authority HKMA has sold US dollar to marking the first intervention of the HKMA in over three years. It will continue to closely monitor market situations at some point peg will break as FX reserves run dry. will be repriced to 8. Three years ago the HK protests focused our attention on the US dollar to HK dollar linked exchange rate.

Back in the band was approaching the We expect HKD spot to weaken to 7. The USDHKD is close to the top and we will be looking for a sell on this pair. The pair has already started forming a reversal pattern signaling to us that we are coming to the end of the bullish trade.

The HongKong dollar is currently trading at 7. Good luck and please As there appears to be much discourse around the status of the dollar as "the world reserve currency", it seems interesting to me that the standard measure of the dollar's strength is not weighted in this way. Here I am attempting to reconcile the standard dollar index DXY , which measures the strength of the USD against a basket of other currencies see below , Target Price 7. USDHKD, possible drop to at least 7.

cancellation if break of 7.

However, its fixed self-correcting system makes it best suited to experienced forex traders. This page will cover everything you need to know about trading the cross currency pair, from exchange spot rates to trends and forecasts. Reliable and affordable trading since Trade Forex CFDs from 0.

Vantage is ASIC regulated and client funds are segregated. Open an account less than 2 minutes. Trade Forex on 0. Great choice for serious traders. ASIC regulated. They are regulated across 5 continents. com are a leading FX broker. Offering a large range of currency pairs and some of the tightest spreads in the industry.

With spreads from 1 pip and an award winning app, they offer a great package. com deliver ultra low spreads across a range of forex markets. Flexible lot sizes while Micro and Zero accounts accommodate every level of trader. Zero commission and tight spreads.

Trade on close to 20 currency pairs, including crypto pairs. Pepperstone offers spreads from 0. Lots start at 0.

CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area. Risk Warning: Your Capital Might Be At Risk. com offer a long list of forex CFD pairs for trading. All have competitive spreads.

The firm also ensures negative balance protection. You should consider whether you can afford to take the high risk of losing your money. Plus Offer forex trading via CFDs with tight variable spreads and a range of well over 70 currency pairs. Free Unlimited Demo Account. Forex trading is offered on 55 pairs, with spreads from 1 pip on standard accounts and from 0. eToro offers a selection of major, minor and exotic currency pairs. Clients can speculate on FX from the eToro trading app.

Hong Kong is one of the most attractive free-market economies for foreign investment. This is all rather impressive given the size of the island state. In , the Hong Kong dollar was pegged to the US dollar.

After months of unease, the HKD hit an all-time low of 9. As a result, the nation abandoned the floating exchange rate and pegged the HKD to the USD in an attempt to stabilise the currency. The fixed system self-corrects to maintain the stability of the HKD exchange rate. Over its history, the pair has seen tumultuous times and maintaining the peg has not been easy. As a result, property prices and the Hong Kong exchange rate have increased dramatically in recent years.

Labour market conditions plus interest and inflation rates all have a muted effect on the pair given that it operates between a fixed, pre-determined range. As a result, many speculative investors are put off and generating profit requires skill and patience. Capital requirements, timescales and risk tolerance will all play a role. Whether you choose to use exchange rate historical data and monthly averages or live charts and forward rates, different tools work for different traders.

Economic reports on the latest inflation and interest rates, GDP and consumer sentiment can all influence movement. Traders should stay abreast of updates to react quickly. The first movers stand the best chance of asserting an edge.

Oanda , Reuters, Yahoo Finance, DailyFX, online converters, TradingView and MarketWatch are just a handful of the resources available to traders. Carry trading is a popular strategy that enables investors to capitalise on low interest rates. Traders borrow more in currencies with lower interest rates and invest in high-yielding markets. The demand creates inflows of capital which strengthens a currency. The recent widening of the gap between Hong Kong and US interest rates has seen a surge in investors opening new carry trade positions.

The relatively low-interest rates of the HKD means that some investors will look to borrow against the USD and invest in the HKD.

There is speculation that the HKD will be re-pegged amid concerns that the peg may be limiting growth in Hong Kong. Adjustments to the peg range or a peg break would allow for greater movement. There is also talk that the Hong Kong dollar could be pegged to the Chinese yuan in the future. However, the possibility of a slowdown in Chinese economic growth may halt that move for now. There is also some discussion about the long-term prosperity of the Hong Kong dollar.

Some experts argue that with the increasing Chinese influence over the state, the outlook is looking bleak for the HKD, which may become redundant. For those that do wish to trade the pair, it presents an opportunity to gain access to the relatively closed-off Chinese economy. The pair has seen a tumultuous history which has led to fluctuations in the quoted price of both the US and Hong Kong dollar. The currency peg has stabilised much of this but with speculation over the adoption of a new peg, who knows what the future holds.

The current exchange rate is displayed on a live price chart. This shows how many Hong Kong dollars are needed to buy 1 US dollar.

This rate will fluctuate within the fixed limits established by the HKMA. Anticipating announcements from the BoC can help inform investment decisions. There are many free, currency converters available online. In , the Hong Kong dollar was pegged against the US dollar in an attempt to stabilise the currency. Today, it continues to operate between the established fixed limits.

With that said, there is talk that the peg may be removed or amended in the future. Toggle navigation. Brokers Broker Reviews Forex Brokers CFD Brokers Stock Brokers Crypto Brokers Popular Reviews AvaTrade Vantage OANDA Deriv.

com BDSwiss XM Eightcap Oval X IC Markets CityIndex Pepperstone Forex. com Axi LegacyFX Skilling Quotex IG Group CMC Markets FXCC XTB Trading Forex Trading CFD Trading Stock Trading Crypto Trading Copy Trading Leverage Trading Social Trading Scalping Trading Futures Trading Options Trading Islamic Trading Weekend Trading Swing Trading Margin Trading Automated Trading Trading For a Living Guides Trading Strategies Technical Analysis Trading Patterns Payment Methods Risk Management Short Selling Education Trading Tips Taxes Binary Options Digital Options Markets Trading Rules Spread Betting Glossary Trading Bonus Passive Income Trading Regulation Demo Accounts Trading Charts Trading Apps Trading Software Trading Signals Trading Services Trading Alerts Stock Screener Trading Ideas.

Home Forex Trading GBPUSD Spread 0. IC Markets. GBPUSD Spread 1. GBPUSD Spread 2. GBPUSD Spread Variable EURUSD Spread Variable EURGBP Spread Variable Total Assets 18 Leverage Platforms Own.

GBPUSD Spread from 0. IQ Option. Spreads are on the high side and the brand do not excel in this area Risk Warning: Your Capital Might Be At Risk. IG Group. Trade a range of major, minor and exotic currencies. Trade with spreads as low as 0.

Up to leverage available. The firm also ensures negative balance protection com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types. GBPUSD Spread 1 pip var EURUSD Spread 0. Videforex offers leveraged trading on major, minor and exotic currency pairs. GBPUSD Spread Floating from 0. GBPUSD Spread From 0.

GBPUSD Spread 2 pips EURUSD Spread 1. Trade over 60 forex pairs with advanced analysis tools. Trade a long list of major, minor and exotic currencies. Trade currency pairs with tight spreads and leverage. Trade FX with high leverage levels. GBPUSD Spread 2 EURUSD Spread 1.

Nowday, everything in China is problem. Brokers Broker Reviews Forex Brokers CFD Brokers Stock Brokers Crypto Brokers Popular Reviews AvaTrade Vantage OANDA Deriv. Anticipating announcements from the BoC can help inform investment decisions. USDHKD Drop imminent on a 5-year RSI signal. More news. GBPUSD Spread Variable EURUSD Spread Variable EURGBP Spread Variable Total Assets 18 Leverage Platforms Own.

Categories:

• Forex
• Forex Brokers
• Binary Options online
• Forex Bitcoin
• Binary Options