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ATFX News Update

Author: AFTX   |   Latest post: Fri, 15 Feb 2019, 10:03 AM

 

ATFX Market Update - 2019.02.15

Author: AFTX   |  Publish date: Fri, 15 Feb 2019, 10:03 AM


Personal opinions today
 
The initial value of the fourth quarter GDP of the euro was flat compared with the previous quarter, easing the market's uncertain economic confidence in the euro zone. The number of US initial jobless claims and retail sales performance disappointed the market. One of the Fed officials said that the Fed should consider continuing to observe economic development in the first quarter and proposed to stop raising interest rates this year. After the US economic data was released last night and the Fed officials speech, the dollar weakened and the US dollar index fell back below 97.
 
The US Dow has fallen and one of the Fed officials said the Fed should stop raising interest rates, and the yen, gold and crude oil prices were supported. At present, the European economy is still unclear. The Brexit process is unknown and the political instability in Europe has made the European currency continue to weaken. This afternoon, the UK announced retail sales data, and the euro zone announced trade balance data. The market is watching whether European data is likely to improve and change the weak development of European currencies. Evening US economic data is also worthy of attention, including the New York Fed manufacturing index, US industrial output, and the University of Michigan consumer confidence index. If US data remained strong, European currencies and other major currencies fell against the US dollar. At the same time, gold and silver prices also have a chance to fall. Crude oil prices are expected to continue to test high.
 
Today's suggestion:
 
EURUSD 
1.1305/1.1330 resistance
1.1255/1.1240 support
Eurozone economic data is weak, and the market is affected by the uncertainties of Brexit, which drags down the European economy. Weaker European economic data and the Brexit process, if there is no sign of improvement, assume the euro will continue to weaken and limited the level of rebound. Technically, 1.1330 is a short-term resistance. If the fundamentals of the Eurozone have not improved, it is believed that the opportunity to break through the resistance is lower.
 
GBPUSD
1.2835/1.2850 resistance
1.2750/1.2735 support
The British Parliament rejected the new Brexit draft and suspected that the British Prime Minister’s ability and effectiveness in dealing with the Brexit, the trend of the pound going down and the rebound was weak. Technically, the pound fell below the 1.2835 support level against the dollar and has become a short-term resistance. If the fundamental situation continues to change, or even worse, the GBP/USD will have the opportunity to test support at 1.2750 or 1.2735.
 
USDCHF 
1.0080/1.0095 resistance
1.0045/1.0030 support
The euro fell, and the Swiss franc was fell as well. However the US retail data was weaker than the market expects, and the Swiss franc was supported. But the European economic and political factors, it is believed that the Swiss franc is still likely to fall. Technically, the US dollar against the Swiss franc is expected to consolidate within the resistance range of 1.0095 or 1.0120.
 
USD/JPY
110.65/110.80 resistance
110.25/110.10 support
The US Dow and the Nikkei index fell, and safe-haven funds flowed into the yen. The dollar fell against the yen and returned to the 110 level. If the Asian stock market fell during the day, the US economic data continued to weaken tonight, causing the US Dow to fall. It is estimated that the USD/JPY will have a chance to test the 109 level.
 
AUDUSD 
0.7115/0.7130 resistance
0.7075/0.7060 support
The market is watching the progress of Sino-US trade negotiations, and the Australian dollar is undergoing adjustment. Technically, if the Australian dollar avoids falling below the 0.7020 support risk, the Australian dollar is expected to improve. At present, we are closely monitoring the progress of Sino-US trade negotiations and the performance of US economic data.
 
NZDUSD 
0.6830/0.6845 resistance
0.6805/0.6790 support
Sino-US trade consultations began, and the current wait-and-see atmosphere is strong, and the New Zealand dollar is consolidated. If the Sino-US trade relations achieve breakthrough development, it is expected that the New Zealand dollar will break through the resistance. It is currently recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data.
 
USD/CAD
1.3325/1.3340 resistance
1.3275/1.3255 support
Last night, US retail sales data was weak, affecting crude oil demand forecast, and the fluctuation of US crude oil prices indirectly affected the US dollar against the Canadian dollar. Tonight, we must pay attention to the performance of the US data and how it will affect the Canadian dollar.
 
EUR/GBP
0.8835/0.8855 resistance
0.8780/0.8760 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. UK economic data and inflation data were weak, and there was a downside risk to the pound, which caused the euro to rise against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8820. However, it is necessary to pay attention to the reversal, and the risk of the euro against the pound is falling.
 
EURCHF 
1.1375/1.1390 ​​resistance
1.1340/1.1325 support
The euro zone was affected by Spain's early elections, and the euro fell, but did not seriously affect the Swiss franc, the euro against the Swiss franc. Technically, focus on 1.1340 and 1.1325 support.
 
XAUUSD 
1314/1316 resistance
1307/1305 support
If the Sino-US trade consultation progresses, good news will likely stimulate the global stock market to rise, and there is a downside risk for gold and silver prices. In addition, the performance of US economic data is worthy of attention. The US data is good, and the dollar is supported. The price of gold has a chance to fall. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance zone of 1314/1316.
 
US crude oil futures:
54.90/55.50 resistance
53.05/52.65 support
Concerned about the final outcome of the Sino-US trade negotiations. If the negotiations progress well, it is expected to push up the price of crude oil. But technically, we must focus on the resistance between the $55 and $56 ranges and pay attention to adjusting the risk.
 
US Dow Jones Industrial Index Futures US30
25480/25570 resistance
25250/25180 support
The market looks forward to the outcome of the meeting and negotiations going well, and expected to support the stock market to perform well. However, during the negotiations, the stock market adjusted. Technically, if the Dow falls below 25250 support, the trend may further expand the decline, but you can pay attention to the adjustment of the next level of important support is still 24,750.
 
BTCUSD:
3480  / 3280 support
3750 / 3950 resistance 
If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance  US3750.
 
Enjoy trading!  
The content is for reference only. Please do ensure that you understand the risk.
 

Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

 

 

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ATFX Market Update - 2019.02.14

Author: AFTX   |  Publish date: Thu, 14 Feb 2019, 11:09 AM


Personal opinions today
 
A new round of China-US high-level economic and trade consultation meeting will be held in Beijing. Before the Sino-US trade ceases, this meeting will continue to discuss the Sino-US trade agreement and very important. If the relationship between the two sides is further improved and it is expected to reach an agreement and avoid the US government's import tariffs on goods imported from China next month, the global economy will bring excitement. The China renminbi, Australian dollar and New Zealand dollar will have a chance to reverse the downtrend. It also expected to increase the demand for crude oil, and the price of crude oil will rise further, which will indirectly increase the Canadian dollar. Of course, the stock market is rising that will be bearish for gold. In the next three days, the speeches, the details of the negotiations, the results and the next arrangement are expected to continue to affect the global economic outlook, global stock market, foreign exchange and commodity markets. We will not underestimate and carefully looking at the market fluctuations.
 
Yesterday, the analysis pointed out that the British government intends to solve the Brexit problem and avoid the British economy in trouble. Since it is only speech and informally expressed the program, it is estimated that the stimulus is limited in magnitude. The market focus is concerned with the performance of UK inflation data. The UK's inflation data was weak, which dragged down the overall European currency.
 
Today China has announced a number of important economic data, of which trade accounts is more important. In the evening of Beijing time, the Eurozone announced its fourth quarter GDP. In the evening, the US announced retail sales, initial joblessness and production price index. It is estimated that the US economic data continues to lead the world, with a bullish dollar. Please pay attention to the relevant data performance, assess the trend of major currencies and commodities, and even the development of the stock market.
 
Today's suggestion:
 
EURUSD 
1.1285/1.1305 resistance
1.1235/1.1215 support
The important economy of the Eurozone has been weak, and the trend of the Euro has followed the pace of the pound. Yesterday, the euro continued to follow the step of the British pound, causing the UK inflation data was weaker than expected, and also the US inflation data performed better and the euro fell. Today afternoon, the euro zone announced the fourth quarter GDP performance and US data performance at night. Technically, the euro fell below 1.1305 and 1.1285 respectively, these numbers now become a reference resistance. We will wait for 1.1235 and 1.1215 support.
 
GBPUSD
1.2880/1.2905 resistance
1.2835/1.2805 support
The market questioned the effectiveness of the British Prime Minister’s remarks, and finally the pound failed to rise to the level of 1.29. Technically, if the pound against the US dollar 1.2910 or 1.2935 resistance still fails to break, coupled with the impact of European bad economic data, it is estimated that the pound against the US dollar has the opportunity to test the 1.2835 support level, the opportunity exists.
 
USDCHF 
1.0090/1.0120 resistance
1.0045/1.0015 support
USD strong, major European currencies have generally fallen, while the Swiss franc has been negative. In addition, the US inflation data has satisfied the market, which is positive for the US dollar and indirectly affects the decline of the Swiss franc. Technically, the US dollar against the Swiss franc is expected to eventually consolidate within the resistance range of 1.0090 or 1.0120 and adjust to the following technical support.
 
USD/JPY
111.25/111.40 resistance
110.75/110.55 support
At present, the US political and economic performance is better than that of European countries, and the US dollar interest rate still looking forward to rising. In addition, the US Dow rose and the safe-haven funds flowed out of the yen, and the yen continued to fall. In addition, Sino-US trade negotiations is coming to start, and the Japanese stock market continues to be positive, driving the dollar against the yen to remain strong. Technically, the USDJPY has broken the resistance of 110.95, but it is necessary to further look at whether the market has more good news to stimulate the global stock market to rise. Otherwise, the USD/JPY trend is likely to reverse and fall back to the 110 level.
 
AUDUSD 
0.7135/0.7155 resistance
0.7075/0.7050 support
Benefiting from economic and political problems in the European region, the dollar has turned stronger. In addition, the market is watching the progress of Sino-US trade negotiations, and the Australian dollar is undergoing adjustment. If the Australian dollar avoids falling below the 0.7020 support risk, the Australian dollar still expected to break the resistance of 0.7135. At the moment, pay close attention to the Australian dollar to break through the resistance, and then try the 0.72 level, but please pay attention to short-term risks and fluctuations!
 
NZDUSD 
0.6830/0.6845 resistance
0.6805/0.6790 support
Sino-US trade consultations have begun, and the atmosphere is strong, and the New Zealand dollar is in full swing. If the Sino-US trade relations achieve and solved all problem, it is hoped that the New Zealand dollar will continue to improve. Conservative estimates, the initial resistance of the New Zealand dollar against the dollar is 0.6855.
 
USD/CAD
1.3275/1.3300 resistance
1.3235/1.3210 support
Crude oil inventories fell, it made the crude oil prices rebounded, and continue to maintain the level of 53 US dollars, is expected to continue to support the Canadian dollar. If the Sino-US trade negotiations make any breakthroughs and have the opportunity to stimulate demand for crude oil, it is expected to stimulate the Canadian dollar to rise. Tonight, we must pay attention to the performance of the US data and how it will affect the Canadian dollar. Good US data will drive the dollar to rise against the Canadian dollar.
 
EURGBP
0.8805/0.8820 resistance
0.8755/0.8740 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK's fourth-quarter GDP data and inflation data were weak, the pound has downside risks. The opportunity to raise the euro against the pound. Technically, 0.8780 is the first important resistance reference, while the next level of resistance is 0.8805 and 0.8820.
 
EURCHF 
1.1405/1.1420 resistance
1.1350/1.1345 support
The euro zone was affected by Spain elections, and the euro fell, but did not seriously affect the Swiss franc, the euro against the Swiss franc. Technically, focus on 1.1350 and 1.1345 support.
 
XAUUSD 
1314/1316 resistance
1307/1305 support
The US Dow continues to rise, gold prices are slowing, and gold and silver prices are adjusting. It is expected that China-US trade consultation is expected to make progress. Good news will likely stimulate the global stock market to rise. There is a downside risk between gold and silver prices, which deserves attention. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance between USD1314 and 1316.
 
US crude oil futures:
54.90/55.50 resistance
53.05/52.65 support
Recent analysis in Japan pointed out that short-term factors include the amount of crude oil inventories and the outcome of the Sino-US trade consultation negotiations. If they will bring any positive results or message, the crude oil price has a chance to rebound and test the US$54. Finally, the crude oil price broke through last night. Concerned about the outcome of the Sino-US trade consultation negotiations, if it sees results, it is expected to push up crude oil prices. But technically, you must focus on the resistance between the $55 and $56 ranges and pay attention to adjusting the risk.
 
US Dow Jones Industrial Index Futures US30
25680/25735 resistance
25380/25250 support
The market looks forward to the outcome of the meeting and negotiations between the China and US, and believes that the relationship improved and expected to support the stock market to perform well. However, during the negotiations, the stock market trended repeatedly, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 25250 support, the trend may further expand the decline, but please pay attention to the adjustment of the next level of important support is still 24,750.
 
BTCUSD:
3480  / 3280 support
3750 / 3950 resistance 
If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance  US3750.
 
Enjoy trading!  

 

The content is for reference only. Please do ensure that you understand the risk.
 

Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

 

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ATFX Market Update - 2019.02.13

Author: AFTX   |  Publish date: Wed, 13 Feb 2019, 02:16 PM


Personal opinions today
 
The partial suspension of the US government, which has plagued the United States for some time, is expected to be resolved because the Labour Party and the Democratic Party are expected to reach a Mexican border fence agreement. If the US President finally passes the bill, it is expected that the appropriation bill will be signed tonight as soon as possible in Beijing time. The US government can obtain funds to prevent the crisis again. The news stimulated the US Dow to rebound, breaking through the high of 25,436 points created on February 6. The US Dow captained and drove the European stock market and Japan's Nikkei index to rise. USD/JPY continued to improve at 110, crude oil prices were supported, but gold and silver prices fell.
 
In addition, the British government intends to resolve the Brexit issue and avoid the British economy in trouble. The British Prime Minister said that she plans to resolve the draft Brexit as soon as possible, and the pound rebounded. The news helped the euro and the Swiss franc rebounded as well. However, because it is only a speech, it is estimated that the stimulus is limited. The market will pay attention to the performance of UK inflation data this afternoon.
 
This morning, the New Zealand Federal Reserve Bank remained the interest rate unchanged, and the monetary policy indicated that the interest rate hike was postponed. It is expected to be 2021. As the market pessimism has long been reflected before the announcement. Also, the Sino-US trade negotiations is coming. This facto is positive, has indirectly stimulated the New Zealand dollar to rebound by more than 100 points . Other focus of the market include the UK Consumer Price Index and the retail price index. The US consumer price index and real income. Tomorrow morning at 3:00, the US government budget also important.
 
Today's suggestion:
 
EURUSD 
1.1355/1.1375 resistance
1.1305/1.1285 support
The British pound rebounds and the euro following. If the UK inflation data is weaker than expected in the afternoon, and the US inflation data is better than expected, the euro has the opportunity to go down. For reference, the Eurozone GDP performance also important. Technically, the euro rebounded from a low level, calculating a rebound rate of 38.2%, with a first target of 1.1355. If the test fails, it will test the support below are 1.1305 or 1.1285 respectively, depending on the influence of the performance of the UK and US data today.
 
GBPUSD
1.2910/1.2935 resistance
1.2855/1.2835 support
The Governor of the Bank of England continued to express pessimistic economic forecasts and monetary policy stances, affecting the sentiment of the pound. However, the British Prime Minister expressed her positive speech about the Brexit Agreement and stimulated the rebound of the pound. The rebound in the pound is limited and it is related to the effectiveness of the British Prime Minister’s comments. The market expects UK inflation to fall. Coupled with the expected rise in US inflation data, the main reason for the weak rebound in the pound. Technically, if fail to break 1.2910 or 1.2935 resistance with the impact of bad economic data, the pound against the dollar has the opportunity to test the 1.2850 or 1.2835 support.
 
USDCHF 
1.0090/1.0120 resistance
1.0045/1.0015 support
The British Prime Minister’s speech has stimulated the rise of the European currency, but the economic outlook has still not improved. The Swiss franc will be continue to be negative. In addition, US inflation data is forecast to rise, which is positive for the US dollar, negative to the Swiss franc. Technically, the US dollar against the Swiss franc is expected to eventually consolidate within the resistance range of 1.0090 or 1.0120. If adjusted, just following the technical support.
 
USDJPY
110.75/110.95 resistance
110.35/110.15 support
The US government is expected to receive funding to prevent the government from temporarily shutting down again. The US Dow rebounds and safe-haven funds are flowing out of the yen. In addition, Sino-US trade negotiations will be held, and the Japanese stock market will rise, driving the dollar against the yen to remain strong. Technically, the USDJPY has a chance to test 110.95, but it is necessary to take a closer look at whether the market has more good news to stimulate the global stock market to rise. Conversely, the USD/JPY trend is likely to reverse, falling back to 110.35 or 110.15 support.
 
AUDUSD 
0.7135/0.7155 resistance
0.7075/0.7050 support
The US government is expected to receive funding to prevent the government from temporarily shutting down and stimulating the investment climate. In addition, the market is expected to make progress on Sino-US trade negotiations on Thursday, positive for the Australian dollar. As recently analyzed, it is expected that the adjustment of the Australian dollar against the US dollar is completed, to avoid falling below the 0.7020 support risk, and if there is good news, it will break through the resistance of 0.7135. At the moment, pay close attention to the Australian dollar to break through the resistance, and then try the 0.72 level, but please pay attention to short-term risks and fluctuations!
 
NZDUSD 
0.6840/0.6855 resistance
0.6805/0.6790 support
In the morning, the New Zealand Federal Reserve Bank announced the interest rate decision. The monetary policy did not show a pessimistic stance. It only indicated that the interest rate hike was delayed. The relevant position changed the recent downward pressure on the New Zealand dollar and rebounded strongly. The Sino-US trade negotiations were held on Thursday. The current atmosphere is good, supporting the the New Zealand dollar. As recently pointed out, the resistance of 0.6805 is very important. If the resistance is breakthrough, it will represent an improvement in the market sentiment. If Sino-US trade relations continue to improve, the New Zealand dollar still has room to rise against the US dollar. A conservative estimate is that the initial resistance is 0.6855.
 
USDCAD
1.3325/1.3340 resistance
1.3265/1.3250 support
The United States government maybe avoid a lockout. In addition, crude oil inventories have decreased, crude oil prices have rebounded, and the US dollar level has risen, stimulating the Canadian dollar. In addition, if the Sino-US trade negotiations progress and stimulate demand for crude oil demand, it can also stimulate the Canadian dollar to rise further. Closely watching the performance of US inflation data tonight, if it better than the expectations, it means that the demand for crude oil is expected to increase, which will positive the Canadian dollar.
 
EURGBP
0.8805/0.8820 resistance
0.8755/0.8740 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK's fourth-quarter GDP GDP data was weak. The UK released inflation data this afternoon. The market continues to wait and see, and the pound has downside risks. The opportunity to raise the euro against the pound. Yesterday pointed out that technically, 0.8780 is the first important resistance reference, while the next level of resistance is 0.8805 and 0.8820.
 
EURCHF 
1.1405/1.1420 resistance
1.1380/1.1365 support
Stimulated by the British Prime Minister’s remarks, the euro benefited. The euro is stronger than the Swiss franc. In the end, the EURCHF rose. Technically concerned about the resistance of 1.1405 or 1.1420, if there is an adjustment, the first support target is 1.1380 or 1.1365.
 
XAUUSD 
1314/1316 resistance
1307/1305 support
The good news from the US ggovernment. Last night, the US Dow and European stock markets rose, gold and silver prices adjusted. It is expected that good news will stimulate the pushup the global stock markets, and there is a downside risk for gold and silver prices. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance zone of 1314/1316.
 
US crude oil futures:
54.10/54.50 resistance
53.05/52.65 support
Yesterday, this analysis pointed out that short-term factors include the amount of crude oil inventories and the outcome of Sino-US trade and trade negotiations. If the two sides bring positive results, the crude oil price will have a chance to rebound, and the test will be $54. In the end, the two major forecasts reached positive expectations, and crude oil prices once touched $54. If US inflation data beats expectations tonight, the US President officially signs the appropriation bill, which is expected to push up crude oil prices. If the Sino-US trade negotiations progress, it is expected to further boost crude oil prices.
 
US Dow Jones Industrial Index Futures US30
25680/25735 resistance
25380/25250 support
The market looks forward to the meeting and negotiation between China and the United States. It is believed that the further development of the relationship between the two sides will help improve the investment climate. However, during the negotiations, the stock market trended repeatedly, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 25250 support, the trend may further expand the decline. Pay attention to the adjustment of the next level of important support is still 24,750.
 
BTCUSD:
3480  / 3280 support
3750 / 3950 resistance 
If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance  US3750.
 
Enjoy trading!  
The content is for reference only. Please do ensure that you understand the risk.
 

Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

 

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ATFX Market Update - 2019.02.12

Author: AFTX   |  Publish date: Tue, 12 Feb 2019, 02:42 PM


Personal opinions today

The impact of the Brexit uncertainty in the UK has plagued the UK and European economies, causing almost European currencies down against the USD. From yesterday the UK reported, the fourth quarter GDP of the UK fell to 1.3%, down from 1.5% last month and 1.4% expected by the market. Also, the UK construction output and industrial production fell, reflecting the uncertainty of the Brexit continue to hamper the UK's economic development. Along with the weak European economic data, the overall European currency performance continued to be weak. In addition, the market is waiting the for Sino-US trade negotiations on Thursday, investment sentiment is cautious.

In this morning, Australia announced that the housing loan license has fallen sharply from the previous value and market expectations. Fortunately, the business climate index and business confidence index remain strong, and the Australian dollar and New Zealand dollar have limited declines against the US dollar. The market is concerned about the interest rate decision and monetary policy of the New Zealand Federal Reserve Bank tomorrow morning. If the New Zealand Federal Reserve Bank will maintain the interest rates and positive  monetary policy outlook.  The Australian dollar and New Zealand dollar will release the downward pressure. The other way is the China RMB rebound, it could be moved the Australian dollar and the New Zealand dollar go up.

Today, the market has no important economic data released in Europe and the United States. Most of the investors paying attention to the Bank of England Governor Mark Carney speech. If his remarks remain pessimistic, it is more likely to reflect the UK inflation data could be fall. The GBP/USD hard to rebound in the short term. In addition, the commodity market is concerned about the release of the API’s crude oil inventory report tomorrow morning, which has an impact on the crude oil price and the US Dow Jones Industrial Average Index.

Today's suggestion:

EURUSD 
1.1300/1.1325 resistance
1.1245/1.1220 support
The European economic data is weak, and the UK's economic growth has fallen, dragging down the euro. At the beginning of this week, there was a lack of reference to the economic data of the Eurozone. The market may use other important data from the UK to drive the development of the Euro. It is worth paying attention to the speech of the Bank of England Governor speech tonight and the performance of the UK consumer price index CPl tomorrow. It is expected that the trend of the pound will lead the euro. Technically, the EIRUSD have the opportunity to test last year's low of 1.1217!

GBPUSD
1.2905/1.2925 resistance
1.2835/1.2815 support
After the Bank of England’s interest rate decision last week, the Bank of England Governor expressed his pessimistic stance and affected the sentiment of the pound. The Governor of the Bank of England made another speech tonight, believing that the position will not change. Coupled with the announcement of the decline in GDP in the fourth quarter of the UK, it is difficuregain ack the market confidence and the pounI could be keeping weak. Technically, keep an eye on last year's low 1.2815 important support.

USDCHF 
1.0060/1.0090 resistance
1.0030/1.0000 support
European economic data and prospects are weak, the UK's economic growth is declining, and it is predicted that UK inflation will slow down as well. The Swiss franc is indirectly dragged down. Technically, the US dollar against the Swiss franc is expected to consolidate at 1.0060, but it must be noted that the dollar may further break through against the Swiss franc.

USDJPY
110.60/110.95 resistance
109.85/109.50 support
Sino-US trade negotiation will be held on Thursday, and the Japanese stock market opened higher, driving the dollar to rise against the yen. Technically, the USDJPY broke the important resistance of 110.15, and the next step is to try to test 110.60 and 110.95 resistance. However, if the Nikkei index falls, the USD/JPY trend is likely to reverse.

AUDUSD 
0.7115/0.7135 resistance
0.7055/0.7040 support
The weak Australian economic data and the strength of the US dollar have caused the Australian dollar to fall. However, the most important Sino-US trade negotiations are imminent, and it is expected to change the recent weakness of the Australian dollar. Technically, it is expected that the Australian dollar will be adjusted against the US dollar. At present, it will avoid falling below the 0.7020 support risk. If there is any good news to break the resistance of 0.7135, the Australian dollar is expected to test the 0.72 level, but please pay attention to the short-term risks and fluctuations!

NZDUSD 
0.6755/0.6775 resistance
0.6715/0.6695 support
The Bank of New Zealand’s Federal Reserve Bank announced the interest rate decision tomorrow morning. The market will wait for the monetary policy orientation to follow the monetary policy of the Reserve Bank of Australia, which currently affects the downside risks of the New Zealand dollar. The Sino-US trade negotiations will soon be held on Thursday. If the atmosphere is good, it is expected to make progress, and it is expected to change the recent weakening trend of the New Zealand dollar. Technically, the 0.6805 resistance is very important. If this resistance is broken, the market sentiment will be improved and the New Zealand dollar will still have room to rise.

USDCAD
1.3325/1.3340 resistance
1.3265/1.3250 support
Crude oil prices were weak and prices fell to $52, which hindered the Canadian dollar from rising. In addition, pay close attention to the amount of crude oil inventories and the development of crude oil prices. If crude oil inventories increase substantially and crude oil prices continue to fall, the dollar will have a chance to follow the rise. Now may keep waiting for the first important resistance is 1.3340!

EUR/GBP
0.8780/0.8805 resistance
0.8740/0.8725 support
There are still uncertainties in the risk of Brexit, affecting the performance of the pound. Yesterday, the UK's GDP data for the fourth quarter of the year was weak, but it still dragged down the euro. Finally, the euro rose slightly against the pound. Technically, 0.8780 is the first important resistance reference.

EURCHF 
1.1335/1.1350 resistance
1.1300/1.1285 support
The economic performance of the Eurozone and the overall European area was weak, and the European Central Bank’s monetary policy is dovish caused the euro to fall, which further dragged the Swiss franc. The two sides are weak, and the volatility of the euro against the Swiss franc has not changed much.

XAUUSD 
1311/1313 resistance
1305/1303 support
Global stock markets tend to be conservative, and economic data disappoints the market. Last night, the US Dow and European stock markets generally fell, the price of crude oil continued to weaken, and gold and silver prices were supported. If the situation remains unchanged, it is estimated that the price of gold will maintain above $1,300. Technically, $1,305 and $1,303 are the first important support areas. If the Global stock markets fell, gold prices have the opportunity to rise further, test the resistance area of ​​1311/1313.

US crude oil futures:
52.90/53.40 resistance
52.05/51.75 support
The market is still worried about the slowdown in crude oil demand. Crude oil prices have fallen below 51.75 support and have seen $51.25. Technically, crude oil futures prices still have a chance to adjust in depth, testing $50 for support. However, short-term factors include the amount of crude oil inventories tomorrow and the outcome of Sino-US trade negotiations. If both sides will bring a positive message, the crude oil price will have a chance to rebound, and the test will be $54.

US Dow Jones Industrial Index Futures US30
25190/25235 resistance
24880/24750 support
The market looks forward to the meeting and the outcome between China and the United States. If any good new, it will help to improve the investment climate. It is estimated that before the official start of negotiations, the stock market trend is repeated, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 24880 support, the trend may further widen the decline. Technically, it may pay attention to the adjustment of the next level of important support 24750.

BTCUSD:
3480  / 3280 support
3750 / 3950 resistance 
The global economy predicts a slowdown, it maybe increases the demand of the cryptocurrency investment. If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance  US3750.

Enjoy trading!  
The content is for reference only. Please do ensure that you understand the risk.

Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

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ATFX Market Update - 2019.02.11

Author: AFTX   |  Publish date: Mon, 11 Feb 2019, 11:34 AM


Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

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ATFX Market Update - 2019.02.01

Author: AFTX   |  Publish date: Fri, 1 Feb 2019, 10:47 AM


Personal opinions today:
 
The market all looking at the US non-farm payrolls, unemployment rate and average wage tonight.
According to data released by the US ADP job data, the results higher than the market expectations reached 213,000. Which represents that the continued expansion of employment in private sectors. The data will help raise the expectations of the non-farm payroll tonight. The dollar began to strengthen last night, ready to the important data tonight.
 
This afternoon, Switzerland announced consumer confidence index and retail sales. The Eurozone and the UK respectively announced the Manufacturing Purchasing Managers Index (PMl), followed by the Eurozone Consumer Price Index (CPl). The market places great emphasis on Eurozone inflation data, CPl data. Then at 21:30 pm Beijing time, the United States released important data, including non-farm payroll, unemployment rate and average wages. At 23:00, the University of Michigan Consumer Confidence Index and the lSM Manufacturing Purchasing Managers Index (PMI) are also important. The US data performance will change the dollar value and the dollar trend may have a continuous impact on next week.
 
In addition, the US important data released tonight, the general market is relatively volatile. Due to the accelerated market speed, the market price and the transaction price provided by financial institutions may differ, so please pay attention to the relevant transaction risks. It is recommended to handle the position control 10 minutes before and after 21:30, avoid the impact of market volatility.
 
Today's suggestion:
 
EURUSD 
1.1470/1.1485 resistance
1.1420/1.1405 support
Yesterday, the analysis pointed out that it is expected that before the European opening yesterday, the euro will develop below the resistance of 1.1525, and then the performance of the euro zone data will be developed in the evening. The euro was supported at 1.450 against the dollar. Technically, the euro has adjusted over 61.8% against the US dollar, meaning the euro is going weak. If the euro zone announces that the consumer price index (CPl) is weaker than market expectations at 6 pm Beijing time, the euro will have the opportunity to test 1.1405 or below.
 
GBPUSD
1.3145/1.3160 ​​resistance
1.3055/1.3040 support
Last night, the United States announced that the number of initial jobless claims increased to 250,000. The US dollar has weakened. The GBP/USD has tested the expected resistance limit of 1.3160 ​​against the US dollar. After the European closing, the exchange rate fell. Today's market focus is on the performance of the Eurozone and UK data. In addition, the performance of the US non-farm payrolls and average wage data at night is more likely to appear in the market volatility against the US dollar. In addition, the Bank of England announced its interest rate decision next Thursday, expecting the pound is going weaken.
 
USDCHF 
0.9960/0.9980 resistance
0.9905/0.9885 support
The Fed kept interest rates unchanged and was negative for the dollar. Tonight, the United States announced the non-farm payrolls and average wage data for January. The market is watching the Swiss franc being consolidated. Technically, the US dollar against the Swiss franc is expected to test the key support 0.9905. Before the evening, we must pay attention to the important data performance of the Eurozone, which indirectly affects the trend of the Swiss Franc.
 
USD/JPY
109.20/109.50 resistance
108.75/108.45 support
The Fed’s interest rate and monetary policy remain unchanged, suggesting that the pace of interest rate hikes will be suspended, the dollar will weaken, and the dollar will fall against the yen. However, the Fed decided to cause the US Dow to rise, which is expected to drive the Japanese Nikkei index to rise and have the opportunity to boost the dollar against the yen. It is recommended to pay close attention to changes in global stock markets, especially the US Dow futures. Under the important data of the United States tonight, pay attention to the strength of the data and drive the dollar against the yen. At present, the Asian stock market is doing well, and it is estimated that the USD/JPY has the opportunity to test resistance.
 
AUDUSD 
0.7275/0.7295 resistance
0.7225/0.7210 support
Although the Fed’s interest rate decision has been positive for Aussie dollar. In addition, the rising in copper prices also supports the Australian dollar. However, the current Sino-US trade negotiations are not progressing well as expected. The coming US important data, non-farm payroll may also remain above 220,000. It is estimated that the Australian dollar may be adjusted against the US dollar and will continue to develop after the performance of the US data.
 
NZDUSD 
0.6920/0.6935 resistance
0.6870/0.6855 support
At present, the progress of Sino-US trade negotiations is not as expected. The US non-farm payroll may remain stable tonight, and the New Zealand dollar may be adjusted against the US dollar. Refer to the important resistance of 0.6935, support at 0.6870 and 0.6855, if there is further weakness in the support of the New Zealand dollar.
 
USD/CAD
1.3185/1.3210 resistance
1.3125/1.3105 support
The Fed kept interest rates unchanged and crude oil prices remained at a high of $54, supporting the Canadian dollar. If the US job data is good, the dollar will rise and it will be negative for the Canadian dollar. But the performance of crude oil underestimate lead the Canadian dollar. Technically, at this stage, the US dollar against the Canadian dollar has the opportunity to rebound to the resistance of 1.3185 or 1.3210,  keep watching the trend may be changed anytime tonight!
 
EUR/GBP
0.8765/0.8780 resistance
0.8700/0.8675 support
Consistent with yesterday's analysis, the important data in the euro zone was announced in the afternoon. If the data is weak, the euro will fall, or the euro will fall against the pound, so stay tuned! .
 
EURCHF 
1.1405/1.1420 resistance
1.1360/1.1345 support
Consistent with yesterday's analysis, pay attention to the important data of the Eurozone in the afternoon. If the data is weak, the Euro will fall, or the Euro will fall against the Swiss Franc, keep watching the trend.
 
XAUUSD 
1322/1326 resistance
1316/1312 support
The market waits for the US job market report. From the data of US private enterprise positions recently, the US non-farm payrolls have the opportunity to maintain a population of 220,000 tonight. In addition, the average wage is expected to maintain a growth rate of more than 0.2%. If the US jobs and wage levels keep increasing, the gold price adjustment may fall below the 1312 support level, and the gold price is expected to continue to fall further. Short-term important resistance is $1325 and $1,326, and the risk is high.
 
US crude oil futures:
54.90/55.30 resistance
53.35/52.85 support
Before the Fed’s interest rate decision, the price increase of crude oil was limited. The Fed said that it was patient and waiting for interest rate hikes. Crude oil prices were supported. Crude oil prices were tested at $55, but they quickly fell back and lost $54. At present, the market pays attention to the US employment population and wage level report. If the data is not outstanding, pay attention to the deep adjustment of crude oil prices.
 
US Dow Jones Industrial Index Futures US30
25090/25165 resistance
24870/24790 support
The Fed decided to raise interest rates and the Dow rebounded. However, the second round of negotiations between China and the United States was not as optimistic as expected, and it needed to be reserved for the next meeting and failed to boost the investment climate. In addition, it must be noted that when the performance of individual large US companies is announced, there is a large fluctuation in the stock market, and it is recommended to be careful about trading.
 
BTCUSD:
3280  / 3100 support
3750 / 3950 resistance 
The Fed monetary policy remain unchanged, which will be positive the cryptocurrencies market. The crypto currencies seems better.  Technically, the bitcoin price keep testing the support. If the crypto currencies demand increased which support the price of bitcoin rebound, the first target maybe set at US3750.
 
Enjoy trading!  
The content is for reference only. Please do ensure that you understand the risk.
 

Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

 
  Be the first to like this.
 


 

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