In a dynamic move to cater to evolving consumer demands, UK retailer Marks and Spencer (M&S) has cemented a new seven-year partnership with NYSE:HSBC UK, aimed at revolutionizing the credit and digital payment landscape through its banking arm, M&S Bank. The collaboration signifies a strategic shift for M&S, which made the bold decision to streamline its focus...
HSBC is introducing a venture debt offering in Australia to help scale-up companies that might otherwise struggle to attract more traditional forms of funding to achieve new growth. Launching this month, the bank has allocated $150 million (AUD 227 million) to lend between $6.6 million and $19.8 million to late stage venture capital-backed companies operating in...
Falling Wedge structure using the peaks and troughs of price The middle dashed line is the strongest trend line (down) A small bullflag can also be seen forming at the bottom of this falling wedge Will a trend change be the result? Weekly timeframe
Famous short seller Jim Chanos let people think in the last interview that he shorted some banks which are overexposed in China. The bank had hired for about 400 client-facing roles for its mainland digital wealth planning venture and will have about 700 personal wealth planners on the ground by the end of 2021. Looking at the puts today and the 22usd strike...
Prices are approaching support where we could see a bounce above this level, Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
HSBC might see trendline breakout, more upside ! Strong signals to buy if price could break this trendline, a higher high could be expected from here!
HSBC is touching the upper band of BB! With bearish trendline, price is still faced with bearish pressure. A touch with the upper band with squeezed BB channel often predicts a sharper drop!
USDCHF D1 - Bit late to the part posting this, apologies. Very similar structure and paced moving pair here, DXY is at a key level to monitor, retesting after breaking upside of a trading zone, we covered all of this in the rundown, but take a look here too if you haven't got a chance to watch the video.
BY pulling back to its key graphical overlap support, HSBC is giving us a better buy entry as it is riding the upward trend!
Thanks for viewing. Following because of USD holdings and USD denominated assets - including assets negatively correlated to the USD - like gold. USD held as a hedge against weaker local currency and against gold positions. Whatever your personal belief on Elliot Wave, I am not imagining a very clear 5 waves down (labelled (i) to (v), since the march 2020 high....
HSBC - Long with Bullish Divergence signal on RSI, MOM on Daily & Weekly timeframe. Cut loss when the price down over $20. Disclaimer
Looking like the ugliest bank chart in one of the worst sectors YTD. $KRE $XLF