(Last Updated April 15, 2021)
Welcome to the news page for USDHKD (USDHKD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Continuing Jobless Claims | 03/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 3700K | 3731K |
| United States Initial Jobless Claims | 10/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 700K | 576K |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
If we observe the 90 and 30 day timeframes, we see an uptrend in place for USDHKD.
USDHKD’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a decline about 3 weeks prior. Moreover, it should also be noted that the 20 SMA just turned bearish today.
Below is a chart showing USDHKD’s price with its moving averages.
Regarding USDHKD’s correlations over the past 7 days, it has been most correlated with EURUSD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDHKD is AUDUSD. Alternatively, NZDJPY has been the asset least correlated with USDHKD — but over the past two weeks, EURCHF has been the asset least correlated with USDHKD. See the chart below to observe the recent price action in USDHKD versus those of assets it hasn’t been well correlated with.
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Currently, USDHKD’s rate is down -119 pips (-0.15%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as USDHKD has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows USDHKD’s price action over the past year.
Strongest trend on the 120 month timeframe.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 1.96% from the day prior, but up 125.17% from the same day the week before.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Volatility for usd/hkd has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Relative to other instruments in the forex asset class, usd/hkd ranked 17th yesterday in terms of percentage price change.
Relative to other instruments in the forex asset class, usd/hkd ranked 21st yesterday in terms of percentage price change.
Out of the 40 instruments in the forex asset class, usd/hkd ended up ranking 19th for the day in terms of day-over-day price change.
Volatility for usd/hkd has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Relative to other instruments in the forex asset class, usd/hkd ranked 19th yesterday in terms of percentage price change.
Or to simplify this another way, note that out of the past 30 days usd/hkd’s price has gone down 14 them.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.