A rare trading opportunity in the Hong Kong Dollar
Channel: GO Markets
Date: 2022-08-03

Currently USDHKD is pressing up against it's upper peg band, this provides a rare opportunity that comes along occasionally.

Trade this with caution, although an interesting opportunity HKMA interventions can cause some volatility when the peg bands are tested.

If you want to trade this, I recommend using a standard (commission free) account.



DISCLAIMER: Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial expenditure. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade Forex if you can afford to carry these risks. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Product Information Document (Physical Bullion only) are available to download at www.gomarkets.com.au . Any advice provided to you by our representatives is general advice only, and does not take into account your objectives, financial situation or needs. You should therefore consider the appropriateness of our advice before making any decision about using our services. You should also consider our PDS and Product Information Document (Physical Bullion only) before making any decision about using our products or services. The GO Markets AFSL authorises us to provide financial services to people in Australia. However, GO Markets complies with the obligations arising from our AFSL in respect of the financial services provided to all of our clients, including those who reside outside of Australia. AFSL 254963. ABN 85 081 864 039. ACN 081 864 039.