Gold: SHORT TERM TRADER: Short at 1333; stop above 1360. Target 1285. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Hong Kong plans more protests
Local government offices remain closed today

Bank branches in the financial district and small businesses reopened Friday ahead of further protests planned for Sunday – and Monday when legislators are expected to meet to discuss an amendment to the extradition bill. Demonstrators have been met with an unusually heavy-handed approach from riot police. Over in the US, Democrat Speaker of the House Nancy Pelosi suggested that Hong Kong may not be ‘sufficiently autonomous’ to justify a special trade arrangement with her country, reports CNBC.

City AM reports that data from the Office of Rail and Road saw train passenger numbers soar to a new record high of 1.8 billion in 2018-2019. The proportion of season tickets dropped from 48 per cent ten years ago to 36 per cent, suggesting the rail fare system needs to change to match changing lifestyles and work-weeks.

Nicole Elliott

Financial Markets and Political Commentary
 

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