Highlights

ATFX News Update

Author: AFTX   |   Latest post: Tue, 23 Apr 2019, 1:55 PM

 

ATFX Market Update - 2019.04.23

Author: AFTX   |  Publish date: Tue, 23 Apr 2019, 1:55 PM


Personal opinions today
 
Global investment markets are trading regularly after the Easter holiday. But there was no economic data out of Europe today, and the principal U.S. figure was only the total number of new home sales in March. Crude trading focuses on U.S. API crude inventories.
 
Other important highlights of the week; Including tomorrow morning Australian consumer confidence index and CPl, the bank of Canada interest rate decision. On Thursday, the bank of Japan decided on interest rates, U.S. jobless claims and durable goods orders. Friday's preliminary reading of U.S. first-quarter real GDP, real personal consumption expenditures and the first-quarter core PCE price index. Friday's U.S. data is expected to bring market attention, currency, gold and stock market volatility, and influence the outlook for new U.S. non-farm jobs next week. Please stay tuned.
 
[Important data and events to watch]
20:30 Canadian wholesale sales in February
21:00 US FHFA housing price index in February
22:00 The Richmond Fed manufacturing index for April
22:00 US new home sales in March
the next day 04:30 U.S. API crude oil stocks
 
Today's suggestion:
EURUSD
1.1270/1.1290 resistance
1.1235/1.1220 support
The euro seems stronger after the holidays. EURUSD consolidating at $1.1235 and $1.220 but still subject to resistance at $1.1320. If EURUSD upward and break through the reference resistance level of 1.1270 and 1.1290, it is expected to further test 1.1320. The market is waiting for the eurozone IFO business climate index for April, and U.S. data released this week, such US GDP in the first  quarter which affected the euro is downward.
 
GBPUSD 
1.3005/1.3025 resistance
1.2965/1.2940 support
The market can not find any stand out good data in UK. Instead, US  data showed growth, money flowed into the dollar and the GBP came downward. Technically, the GBP has been on a downward trend, with the important reference resistance and support levels moving down to 1.3005 and 1.3025 and 1.2965 and 1.2940 support respectively. If the GBP does not rebound above 1.3035 resistance, the expected trend will remain on the downside, depending on Friday's U.S. first-quarter GDP report.
 
AUDUSD
0.7115/0.7095 support
0.7145/0.7160 resistance
Australian consumer confidence index and CPl will announce tomorrow. However, the Australian dollar downward on the strength of the U.S. dollar ahead of the release of a stronger U.S. data, which is expected to report a stronger U.S. GDP on this Friday. Technically, the AUDUSD is expected to hold support at 0.7095 with reference resistance at 0.7145 or 0.7160.
 
USDJPY
112.00/112.15 resistance
111.65/111.50 support
The Dow Jones industrial average fell after the holiday break as investors watched major companies report first-quarter results. The United States and Japan also follow the trend downward. The technical resistance level moved down to 112.00 and 112.15, and the reference support level for the daily trial was 111.80. Next is 111.50 support. Expectations remain on a downward trend, with the U.S. first-quarter GDP report on Friday.
 
USDCAD 
1.3315/1.3295 support
1.3380/1.3400 resistance
U.S. crude oil futures rose and were indirectly bullish on the Canadian dollar, but the currency failed to gain on expectations for U.S. first-quarter GDP, a strong U.S. dollar. On Thursday, bank of Canada interest rate decision. Technically, the USDCAD reference support are 1.3315 and 1.3295. Reference resistance 1.3375 and 1.3395.
 
U.S. crude futures USOIL
64.45/64.05 support
66.05/66.45 resistance
The United States has pressured countries to impose sanctions on Iran to limit its oil exports and stop buying Iranian crude, which would reduce supplies and boost prices. Technically, crude oil broke through a key reference resistance that had been expected at $65.25, up from $66. Note tomorrow morning, U.S. crude inventories report, if the decline in crude inventories is larger than last week, there is an opportunity to boost crude prices.
 
XAUUSD 
1270/1267 support
1282/1285 resistance
Last week the federal reserve released March beige book, the report showed moderate growth in the U.S. economy, is expected in the next few months, the economy, negative for gold prices. In addition, the report reflects the possibility of U.S. GDP growth, which is negative for gold prices as well. Technically, gold is down $1,270 or $1,267 in correction wave support. If gold prices rebound, refer to the initial resistance target of 1282 or 1285.
 
U.S. Dow Jones industrial average futures US30
26500/26625 resistance
26315/26125 support
The Easter holiday, the impact of the investment climate, the Dow performance limit. In addition, the market is looking for the corporate earnings in Dow indexes, expected to wait and see corporate earnings reports before action. Technically, refer to 26315 or 26125 support, 26500 and 26625 resistance.
 
BTCUSD:
5050 / 5200 resistance
4750 / 4650 support
The market is waiting for the US GDP data release on Friday, the bitcoin price keeps a bit lower to waiting for the data results. Technically the bitcoin price is expected below US5200; it could be test 4750 or 4650 support.
 
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.
 

ATFX Market Update - 2019.04.18

Author: AFTX   |  Publish date: Thu, 18 Apr 2019, 2:10 PM


Personal opinions today

Please note that markets in Europe, the US and Asia will be closed for Easter holiday on Friday and next Monday. This commentary closed tomorrow and next Monday.

The Fed beige book report showed moderate regional growth and continued expansion in consumer and investment confidence. A slight expansion in the economy is expected in the coming months, positive the dollar. But the market is widely expected the Fed will keep interest rates unchanged next time meeting and limit the dollar rose. If tonight, the U.S. retail sales in March below market expectations 0.9 percent, the dollar could weaken, with the greenback falling against major currencies and gold rising.

The  eurozone CPI in March expansion, but UK CPI continues to slow under the market expectations. GBPUSD was lower, having tested support for $1.3020. During European trading hours today, markets were focused on the UK and eurozone retail sales data in march. Prior to the release of manufacturing PMI data in Germany and the eurozone respectively, it is worth to keep watching. During U.S. trading hours, the US reports the retail sales in March and Canada reported February retail sales. U.S. retail sales growth in March, which is expected to rise sharply from the previous month, is seen as a positive for the dollar. Ahead of the announcement, it could be bearish for Europe and commodity currencies.

[Important data and events to watch]
09:30 Australia's unemployment rate in March
14:00 German PPI and Swiss trade account in March
15:15 French manufacturing PMI in April
15:30 German manufacturing PMI in April
16:00 Eurozone manufacturing PMI in April
16:30 UK retail sales rate in March
20:30 U.S. retail sales in March
20:30 U.S. jobless claims for the week ended April 13
20:30 Philadelphia Fed manufacturing index in April
20:30 Canadian retail sales in February
21:45 Markit manufacturing and services PMI in April
22:00 U.S. business inventories in February

Today's suggestion :

EURUSD 
1.1305/1.1320 resistance
1.1275/1.1255 support
Eurozone CPl inflation data in march, in line with market expectations, rose 1 percent, supporting the euro against dollar. In European trading today, focus on German and eurozone PMI. In addition, retail sales in the eurozone are noteworthy. If retail sales data are weak and the market expects U.S. retail sales to grow, those factors could negative on the euro, which could be bearish. Technically, the EURUSD still subject to the resistance of 1.1320. It falls, the target refers to the support level of 1.1275 and 1.1255. Before the market is watching for the U.S. retail sales data, the euro may have downward.

GBPUSD 
1.3020/1.3005 support
1.3065/1.3080 resistance
UK CPl data disappointed the market and came in below expectations. In addition, the GBP fell after the Fed beige book. The market is focused on UK retail sales data and the US retail sale data, where expectations for better economic growth in US, it possible to show bearish the GBP. Technically, the GBPUSD important resistance 1.3065 and 1.3080. Support 1.3020 and 1.3005.

AUDUSD
0.7150/0.7135 support
0.7185/0.7200 resistance
While China's first-quarter GDP was in line with expectations and had been bullish on the Australian dollar, it was hampered earlier by comments from the reserve bank of Australia on the minutes of its April monetary policy meeting and the RBA's decision to keep monetary policy loose. The dollar strengthened and AUdUSD fell after the Fed issued a beige book and comments. The U.S. will report retail sales in March today, the market is expected to grow, the dollar is strong, AUDUSD likely to fall further. Technically, the AUDUSD is expected to remain in support of 0.7135, but there is still a chance to test lower levels. Short term reference resistance 0.7185 and 0.7200.

USDJPY 
112.15/112.30 resistance
111.80/111.50 support
The dollar firmed on expected U.S. retail sales data today. Global stock market generally uptrend and dollar strength, negative yen. Currently, the USDJPY refer to technical resistance 112.15 and 112.30. If U.S. retail sales do not perform well as expected, which is bearish for the dollar or U.S. Dow, the USDJPY have a chance to try support at 111.80 or 111.50.

USDCAD 
1.3315/1.3295 support
1.3380/1.3400 resistance
Canada reported March CPI in line with market expectations, but crude oil prices fell back, ending the rise of the Canadian dollar, the Canadian dollar fell. The Canadian dollar is likely to positive today when Canada reports retail sales in march on expectations of growth. Technically, the USDCAD reference 1.3315 and 1.3295 support. Reference resistance 1.3315 and 1.3295.

U.S. crude futures USOIL 
63.25/62.80 support
64.05/64.45 resistance
Futures contract expiry for this month, the USoil prices fell from high. In addition, Ocountries other members discussions about increasing production continued to trouble the market. Above all, the price of crude oil fell below $64. If U.S. retail sales increased in March on expectations, which could boost crude oil prices. Technically, crude oil price support remains at $63.25, with lower support at $62.80. Looking up at 64.05 and 64.45 resistance, the key reference resistance is $65.25.

XAUUSD 
1270/1267 support
1282/1285 resistance
The Fed beige book release economy moderate economic growth, is expected in the next few months, the economy, bearish gold prices. In addition, today's expected surge in U.S. retail sales is bearish for gold prices. But gold prices have already fallen sharply, possibly reflecting those factors, and further declines are likely to be limited. Technically, gold prices fell 1281 support, the next try to the wave 1270 or 1267 support. If gold prices rebound, refer to the first resistance target of 1282 or 1285.

U.S. Dow Jones industrial average futures US30
26500/26625 resistance
26315/26125 support
The federal reserve's beige book limited the Dow . The narrowing of the U.S. trade account deficit, coupled with the pre-easter holiday, hurt the Dow's performance and limited its gains. Expectations of a sharly increase in U.S. retail sales, as expected, lifted the Dow ahead of the holiday. Technically, refer to 26315 or 26125 support and 26500 and 26625 resistance.

BTCUSD:
5050 / 5200 resistance
4750 / 4650 support
The market is waiting for the Fed beige book release tomorrow, the bitcoin price keeps stronger. Technically the bitcoin price is expected below US5200, it could be test 4750 or 4650 support.

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.
 

ATFX Market Update - 2019.04.17

Author: AFTX   |  Publish date: Wed, 17 Apr 2019, 10:23 AM


Personal opinions today
 
China the first quarter GDP report, released today, is closely watched by global markets. The economy is expected to slow cause of the trade war between China and the United States. China's manufacturing and service industry production slowed, is expected to slow to 6.3 percent in the first quarter GDP, negative factors affect the global stock markets.
 
In terms of European currencies, the UK and Eurozone CPI in March, the results can influence the trend of euro and pound. Tomorrow at 02:00 am in Beijing time, the Fed beige book on the state of the economy is very important, affecting the dollar and the dollar against other currencies and commodity. Also, it will be affected Dow Jones industrial average and Asian stock market opening performance tomorrow.
 
[Important data and events to watch]
10:00 China the first quarter GDP
16:00 Eurozone current account in February
16:30 UK CPI and retail price index monthly rate in March
17:00 Eurozone trade account, Eurozone CPI 
20:30 U.S. trade balance and Canadian CPI for march
21:00 Bank of England governor speaks
22:00 US wholesale sales monthly rate in February
22:30 U.S. EIA crude oil inventories
The next day 00:45 Fed Bullard spoke
The next day at 02:00 Fed beige book
 
Today's suggestion :
EURUSD
1.1305/1.1320 resistance
1.1275/1.1255 support
Eurozone inflation data in March, release today, and the Fed beige book on economic conditions, release tomorrow early morning , will affected on the euro. Technically, the euro is still subject to resistance at 1.1320, testing target support at 1.1275 and 1.1255. If euro will likely move lower before the Fed beige book releases.
 
GBPUSD 
1.3020/1.3005 support
1.3080/1.3105 resistance
UK CPI inflation data in March was released today after UK jobs data yesterday. The results are likely to influence expectations UK retail sales tomorrow. Also the Fed beige book on the state of the economy. Short-term dollar performance is stronger, GBP downward. Technically, the resistance level was lowered to 1.3105. Support bit reference 1.3005 support.
 
AUDUSD
0.7135/0.7120 support
0.7170/0.7185 resistance
The Australian dollar has a downward against the U.S. dollar. Technically, the AUDUSD is expected to remain in support of 0.7135 against the U.S. dollar, but there is still a chance to test lower. Reference 0.7170 or 0.7185 as the resistance.
 
USDJPY 
111.95/111.80 support
112.15/112.30 resistance
USD is strong, negative JPY, USDJPY maintain uptrend. The target to technical resistance 112.15 and 112.30. If the Fed releases a beige book on the state of the economy that shows the U.S. economy is not doing as well as it should, and the dollar and the Dow decline, USDJPY has a chance to test technical support at or below 111.80 against the yen, such as 111.50.
 
USDCAD 
1.3400/1.3425 resistance
1.3345/1.3330 support
Crude oil prices bounced back to $64, a positive for the Canadian dollar. U.S. crude oil inventories released today by the U.S. EIA, in reference to the U.S. API crude oil inventory results released earlier today, are believed to be on the rise, which is bearish for the U.S. dollar against the Canadian dollar. In addition, Canada releases CPI today and retail sales tomorrow, which could be negative for the Canadian dollar. Technically, the USDCAD reference points are 1.3400 and 1.3425, with resistance levels continuing at 1.3345 and 1.3330.
 
U.S. crude futures USOIL
64.65/64.95 resistance
63.50/63.25 support
Crude prices were boosted today by a sharp drop in crude inventories reported. Technically, crude oil price support remains at $63.2, with the reference for lower support at $62.80. Looking up at 64.65 and 64.95 resistance, the reference resistance is $65.25.
 
XAUUSD 
1272/1270 support
1280/1282 resistance
Sino-China trade talks look better and Brexit cool down, gold prices continued downward. Federal Reserve’s beige book releases tomorrow early morning. The market is waiting for the report. Technically, the gold price trend at the beginning of the target 1285 and 1281 support, has broken through, the next support US1270. If the Fed beige book is shown the economic slowdown, gold price rebound and test resistance target of 1282 or 1292.
 
U.S. Dow Jones industrial average futures US30
26550/26685 resistance
26355/26125 support
Markets are watching for China the first-quarter GDP report and the Fed beige book, which is expected to limit the stock’s gains. The Dow is still in a correction, can refer to 26355 or 26125 support. But expectations the US retail sales releases tomorrow could boost the Dow. Technical support at 26125, resistance at 26685.
 
BTCUSD:
5050 / 5200 resistance
4750 / 4650 support
The market is waiting for the Fed beige book release tomorrow; the bitcoin price keeps stronger. Technically the bitcoin price is expected below US5200; it could be test 4750 or 4650 support.
 
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.
 

ATFX Market Update - 2019.04.16

Author: AFTX   |  Publish date: Tue, 16 Apr 2019, 10:25 AM


Personal opinions today
 
Investors will be watching tomorrow the China first-quarter GDP report. The market estimates that China's economy continued to slow in the first quarter as a result of the trade war between the United States and China that began last year. Financial and property markets in the Spring Festival holiday has slowed. The production in the manufacturing and service sectors as well. Growth is expected to slow to 6.3 percent in the first quarter, China's A50 index fell yesterday. Today's UK job data, unemployment rate and jobless claims are closely watched by the market, which directly affects the expected UK CPI outlook and the trend of the pound. In addition, other essential data from the eurozone and Germany which is ZEW economic sentiment index for April can be used to look ahead to the euro zone's March CPl inflation data announced tomorrow. It is recommended to note that the U.S. industrial index and housing price index today, these are not essential data but good for predicting the U.S. retail sales data on Thursday, and there will be opportunities to influence the trend of the U.S. dollar and the trend of the the the global stock market. It even affects commodity markets, such as gold and crude oil prices.
 
[Important data and events to watch]
09:30 minutes of the RBA's monetary policy meeting for April
16:30 UK unemployment rate and jobless claims for March
17:00 German and eurozone ZEW economic sentiment index for April
21:15 The monthly rate of us industrial output in March
22:00 NAHB U.S. housing market index for April
Next day 04:30 U.S. API crude stocks for the week ending April 12
 
Today's suggestion :
EURUSD 
1.1320/1.1340 resistance
1.1275/1.1255 support
Markets are watching today as the euro zone and Germany release ZEW economic sentiment index and tomorrow the euro zone releases its March CPl that inflation data. Technically, the euro still hasn't broken through the 1.1320 resistance, and the euro has a chance to adjust, with targets in support of 1.1275 and 1.1255. If the euro extends its gains against the dollar, it could test resistance at $1.1386 or $1.14.
 
GBPUSD
1.3065/1.3050 support
1.3125/1.3140 resistance
Investors are waiting for UK jobs data and inflation data to assess the retail sales figures announced on Thursday. Recommend keeping an eye on the UK unemployment rate and inflation data over the next two days as a critical result of Thursday's expected retail sales data. The GBP could test resistance to the dollar at $1.3200 if each figure beats forecasts. GBP, on the other hand, tested below $1.3065 or below.
 
AUDUSD 
0.7135/0.7120 support
0.7170/0.7185 resistance
The Reserve bank of Australia (RBA) released minutes of its April monetary policy meeting on concerns that the statement If a change in the central bank's pessimistic view of the economy and show renewed confidence in the future. That could boost the Australian dollar Technically, the AUDUSD held to support at 0.7135 and still had a chance to test resistance at 0.7190 or 0.7205. The AUD could fall against the U.S. dollar if the RBA publishes a bearish stance on the minutes of its April monetary policy meeting, with the first reference below supporting 0.7135.
 
USDJPY 
111.80/111.65 support
112.15/112.30 resistance
US economic data beat expectations, good news from Sino-US trade talks, strong Dow and Nikkei indexes, rising risk appetite, negative yen, USDJPY rising. The dollar is currently subject to short-term technical resistance at 112.15 and 112.30 yen. The dollar has a chance to test support at 111.65 or 111.35 against the yen in the event of adverse comments from the Fed speech or the U.S. President speech affected.
 
USDCAD 
1.3400/1.3425 resistance
1.3345/1.3330 support
Crude oil prices continued their downward trend, having tested $63, which affected the Canadian dollar. Also, the Canadian dollar fell last night after a central bank survey showed business confidence was weakening and investment sentiment cooling. In the short term, the U.S. dollar fell against the Canadian dollar, weighed down by crude oil prices and confidence in the Canadian economy, and expectations that Canadian retail sales could underperform on Thursday. Technically, the USDCAD reference resistance is 1.3400 and 1.3425, while support is 1.3345 and 1.3330.
 
U.S. crude futures USOIL
63.85/64.05 resistance
63.25/62.80 support
Crude prices fell below $64 last week after news emerged that Opec and other oil-production countries had changed their stance on production cuts and planned to discuss increasing production at June meeting. Technically, the price of crude oil was adjusted to 63.2, with the lower support level reference at $62.80. If OPEC and other members continue to express their intention to increase production at the June meeting of the organisation of the OPEC, crude oil prices will have a chance to try the downward trend after 62.80.
 
XAUUSD 
1285/1281 support
1292/1296 resistance
Gold prices continued to fall from their highs as safe-haven funds flowed out of the market on progress in trade talks between China and the United States and as the UK pushed back the date of its departure from the European Union. In addition, gold prices continued to move lower on expectations of a stronger U.S. economy and a rise in the Dow. Technically, the gold price trend at the first target 1285 and 1281 support. In contrast, if gold prices rebound, the reference resistance target of 1292 and 1296 respectively.
 
U.S. Dow Jones industrial average futures US30
26495/26600 resistance
26085/26015 support
The good news from the Sino-US trade talks continued to push for the investment climate in the market, with the Dow rising. But expectations for a slowdown ahead of China's first-quarter GDP report on Wednesday hurt stocks and limited gains. If the Dow trend appears to downward, can refer to 26085 or 26015 support.
 
BTCUSD:
5050 / 5200 resistance
4850 / 4725 support
The IMF expected a slowdown in global economic growth, the bitcoin price strengthened. The market is waiting for the China GDP in the first quarter. If at the end the figure is better than 6.3% expectations, the bitcoin price is expected below US5200; it could be tested US4725. 
 
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.
 

ATFX Market Update - 2019.04.15

Author: AFTX   |  Publish date: Mon, 15 Apr 2019, 11:58 AM


Personal opinions today
 
China's first-quarter GDP report will be announced on Wednesday this week, which is the global market focus and affected the markets. If the Chinese economy continues to suffer from a trade war between China and the United States, the slowdown in economic growth will affect the global investment outlook and sentiment. The market is waiting for the UK unemployment rate and jobless claims data for March on Tuesday and eurozone and UK CPI inflation data for March on Wednesday. The market expectations for better jobs and inflation data in Europe this week are expected to lead to a stronger euro ahead of the results. If the global economic situation and investment climate improve, the Sino-US trade talks that near the end, which is expected to boost the investment climate. Global stock markets and crude oil prices are expected to rise, but gold prices may face a downward trend.
 
[Important data and events to watch]
20:30 New York Fed manufacturing index for April
20:30 Fed Evans attended the event
01:00 the next day The Fed Evans speech
 
Today's suggestion:
EURUSD
1.1270/1.1250 support
1.1320/1.1340 resistance
On Friday, the euro had tested a one-week high of $1.1320, and technical moves were positive. Technically, if the euro stays above the support level of 1.1250, positive for euro Eurozone inflation forecasts rose this week, which is likely to help lift the single currency on the back of positive data expectations. If the UK job and inflation data are also positive, the euro could test resistance to $1.1386 or $1.1400. Conversely, the euro tested 1.1250 support against the dollar.
 
GBPUSD
1.3065/1.3050 support
1.3140/1.3165 resistance
The UK improved as the risk of a hard Brexit, positive for GBP. Technically, the GBPUSD reference support level rose from 1.2980 to 1.3065 and 1.3050, with upside resistance at 1.3140 and 1.3165. The market is waiting for the UK's employment and inflation data on Tuesday and Wednesday. If the results are bad, negative for GBPUSD, may test below $1.3065.
 
USDCHF
1.0045/1.0060 resistance
1.0005/0.9980 support
U.S. economic and inflation data beat forecasts, the dollar strengthened and the Swiss franc fell, USDCHF hitting the resistance. Technically, the dollar against the Swiss franc to maintain reference resistance of 1.0045 and 1.0060. If the euro rises, the Swiss franc would benefit indirectly, with reference support expected to be 1.0005 and 0.9980 respectively.
 
USDJPY
111.80/111.65 support
112.15/112.30 resistance
The Dow and Nikkei rebounded on better-than-expected U.S. economic data and good news from Sino-US trade talks. In addition, the risk of a hard Brexit cooled, money flowed into the dollar to bet against the yen, and the dollar rose against the yen. The dollar could break further against the yen if U.S. economic data is keeping strong and Sino-US trade talks are finalized. Short-term technical resistance level refers to 112.30. Conversely, the reference support bit is 111.65 or 111.35.
 
AUDUSD
0.7150/0.7135 support
0.7190/0.7205 resistance
Good news from the Sino-US trade talks is expected to boost the Australian dollar. But before RBA’s minutes tomorrow morning, limited the trend of the AUDUSD. Technically, the AUDUSD held to support at 0.7135 and still had a chance to test resistance at 0.7190 or 0.7205.
 
NZDUSD
0.6780/0.6800 resistance
0.6745/0.6725 support
Good news from the Sino-US trade talks is expected to boost the New Zealand dollar. The dollar has held on to gains after rebounding from a near one-month low of 0.6715. The most important thing is to recover the situation behind the AUDUSD. The dollar could test 0.6800 resistance or 0.6825 if the Australian dollar is lifted by tomorrow's release of minutes, which is expected to benefit the NZDUSD indirectly. Short-term reference support levels are 0.6745 and 0.6725.
 
USDCAD
1.3400/1.3425 resistance
1.3305/1.3285 support
Crude oil prices fell, negative for the Canadian dollar. But trade talks between China and the United States have made progress again, changing the investment climate, with the dollar falling and the Canadian dollar rising. U.S. dollar against the Canadian dollar by crude oil prices and sometimes the U.S. dollar trend against the Canadian dollar, it is recommended to keep an eye on. Technically, refer to 1.3400 and 1.3425 for resistance and 1.3305 and 1.3285 for support.
 
XAUUSD
1285/1281 support
1292/1296 resistance
Gold prices continued to fall from their highs on the good progress in trade talks between China and the United States, as well as the U.K. delayed the deadline for departure from the European Union, as safe-haven funds were already rushing out of the gold market. In addition, the U.S. economic data is still good, the global stock index rose, gold prices continue to downward. Technically, the gold price the first target support of 1285 and 1281. On the contrary, the basic factors reversed, gold prices rebounded, the reference resistance target of 1292 and 1296 respectively.
 
U.S. crude futures US30
63.85/64.05 resistance
63.25/62.80 support
Crude prices fell below $64 from last week on news that OPEC and other members of OPEC may change to increase production. Technically, crude oil prices could adjust to $63.2 or $62.80. OPEC and other members of OPEC now plan to increase production if they intend to make comments at the June meeting, crude oil prices have a chance to test the 62.80 support or below and the downward trend.
 
U.S. Dow Jones industrial average futures US30
26495/26600 resistance
26085/26015 support
Sino-US trade talks successes, the market investment climate turns positive, the Dow rose and breaks through 26,345 resistance. Further, test 26495 high at the beginning of April. But China's first-quarter GDP report showed on Wednesday, which is expected to slow down, it has a chance to negative the stock market. The Dow’s trend may refer to 26085 or 26015 support.
 
BTCUSD:
5050 / 5200 resistance
4850 / 4725 support
The IMF expected a slowdown in global economic growth, the bitcoin price strengthened. The market is waiting for the China GDP in the first quarter. If at the end the figure is better than 6.3% expectations, the bitcoin price is expected below US5200, it could be tested US4725.
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.
 

ATFX Market Update - 2019.04.12

Author: AFTX   |  Publish date: Fri, 12 Apr 2019, 11:06 AM


Personal opinions today
 
The U.S. PPI in March and U.S. jobless claims for the week ended April 6 over market expectations, pointing to a strengthening U.S. economy and labor market, rising inflation expectations, recovery in the Dow Jones industrial average and gold prices fell $20. But the dollar's strength is likely to slow on expectations that U.S. import prices for March and the University of Michigan's consumer confidence index, both released today, will be lower than previously thought. In addition, the temporary removal of the risk of a hard Brexit could boost European currencies, but gold prices were lower.
 
[Important data and events to watch]
10:00 China trade account in March 
10:50 China's trade account in dollars in March
17:00 Eurozone industrial output in February
20:30 US import price index monthly rate in March 
22:00 University of Michigan consumer confidence index for April
 
Today's suggestion:
EURUSD
1.1260/1.1245 support
1.1295/1.1315 resistance
Markets priced in a shock to the ECB's targeted long-term refinancing program (TLTRO), and Brexit risks eased. In addition, Germany's final monthly CPI in March was in line with expectations and helped the euro by avoiding economic and inflation risks. In the short term, the EURUSD trend can be focused on today's U.S. import price index for march and the University of Michigan consumer confidence index preliminary performance. Technically, the EURUSD reference to a rebound of 38.2 percent and 50 percent. 1.1285 and 1.1315, respectively. If the dollar remains strong, the key short-term support level is 1.1245.
 
GBPUSD 
1.3050/1.3035 support
1.3115/1.3140 resistance
The extension of the Brexit deadline to October 31, reduced the risk of a fall in the pound. The dollar strengthened and the pound fell yesterday because the US economy and inflation data were better-than-expected, which is limited for the pound to fall. In the short term, the GBPUSD trend can be focused on today's U.S. import price index for March and the University of Michigan consumer confidence index preliminary performance. If the dollar remains strong, the technical reference for sterling is at 1.3035, with support and positive news expected to test 50 per cent and 61.8 per cent reference resistance at 1.3090 and 1.3115 respectively.
 
USDCHF 
1.0045/1.0060 resistance
1.0005/0.9980 support
U.S. economic and inflation data beat forecasts, the dollar strengthened, the Swiss franc fell, and the dollar again hit resistance at 1.0030. In the short term, the dollar is likely to be influenced by the release of U.S. import prices for March and the University of Michigan's consumer confidence index today. Technical resistance at 1.0045 and 1.0060 if the dollar remains strong. Otherwise, the reference support is 1.0005 and 0.9980.
 
USDJPY
111.55/111.40 support
112.00/112.15 resistance
U.S. economic and inflation data beat forecasts, and the Dow Jones and Nikkei rebounded. In addition, the risk of a hard Brexit in the UK has cooled and risk aversion has cooled, with money flowing into US dollar against yen. The dollar rose against the yen, breaking through resistance at 111.40 and 111.70 respectively. The U.S. import price index for March and the University of Michigan's consumer confidence index was released today. If the U.S. economic data is strong and the Dow Jones industrial average rises, the USDJPY could test the upper level of reference resistance against the yen at 111.88, which is the highest level since March 15. Then maybe tests 112.00 and 112.15.
 
AUDUSD 
0.7110/0.7095 support
0.7150/0.7165 resistance
U.S. economic and inflation data improved, while the dollar strengthened, and the Australian dollar fell. Technically, the AUD broke through the support of 0.7135 against the U.S. dollar, extending its losses and possibly testing support of 0.7110 and 0.7095. The Australian dollar is likely to fall further against the U.S. dollar if U.S. economic data is strong, according to a preliminary reading of U.S. import prices for March and the University of Michigan's consumer confidence index released today.
 
NZDUSD 
0.6740/0.6755 resistance
0.6715/0.6700 support
U.S. economic and inflation data improved, and the dollar strengthened, with the New York dollar hitting its lowest level in nearly a month at 0.6715. The U.S. import price index for March and the University of Michigan's consumer confidence index, both released today, are expected to show further support for the New Zealand dollar above 0.6715 if U.S. economic data is strong. The market is waiting for the U.S. data, the dollar’s pattern to be changed.
 
USDCAD 
1.3400/1.3425 resistance
1.3350/1.3325 support
U.S. economic and inflation data were solid, and the dollar was strong. The Canadian dollar fell, cause the OPEC and other party intended to increase production, sending crude oil prices below $64. Technically, refer to 1.3400 and 1.3425 resistance levels, and support levels refer to 1.3350 and 1.3325 support. In the short term, USDCAD is mainly affected by crude oil price and USD trend as well, so it is recommended to keep an eye on it.
 
XAUUSD 
1288/1285 support
1299/1302 resistance
Gold price fell from the high. Gold prices are likely to move lower as the U.S. CPl and PPI improved in March and the Brexit delayed. Us economic and inflation data beat expectations yesterday, accelerating capital outflows. The U.S. import price index for March and the University of Michigan consumer confidence index released today showed that gold prices will continue to downward if the U.S. economic data is strong, and the initial targets are 1288 and 1285. Instead, reference resistance 1299 and 1302.
 
U.S. crude futures USOIL 
64.05/64.40 resistance
63.25/62.70 support
OPEC intends to increase production, crude oil prices below $64. Technically, the target price could fall to $63.75 or $63.45. If the current intentions of crude producers continue, crude oil prices have a chance to test the support level of 62.70 or below.
 
U.S. Dow Jones industrial average futures US30
26085/26015 support
26242/26345 resistance
The Dow Jones industrial average rose on a day of better-than-expected U.S. economic and inflation data and a renewed positive investment sentiment. Dow at 26,242 and 26,345 resistance. If a trend has been fall, can refer to 26085 or 26015 support.
 
BTCUSD:
5050 / 5200 resistance
4750 / 4650 support
The IMF expected a slowdown in global economic growth, the bitcoin price keeps stronger. The market is waiting for the U.S. CPl and PPI In March results and the FOMC minutes, the bitcoin price is expected below US5200, it could be test 4750 or 4650 support.
 
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.
 


 

91  103  199  708 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Rex Intl 0.082+0.001 
 Spackman 0.025+0.002 
 YZJ Shipbldg SGD 1.55-0.04 
 Annica 0.0010.00 
 OUE HTrust 0.7150.00 
 Kep Infra Tr 0.4750.00 
 TEE Intl 0.109-0.003 
 China Everbright 0.45+0.06 
 Nico Steel^ 0.0050.00 
 KrisEnergy 0.051+0.001 
Partners & Brokers