ATFX Press Releases - 2018

[Kelly Yeung]

Personal opinion today:

Before the weekend, OPEC and non-OPEC oil producers finally reached a constructive agreement and decided to increase crude oil production appropriately from July. As the international crude oil market increased by nearly 1 million barrels a day in the second half of the year, the increase in production was below the market target and did not change the tightening trend of crude oil supply. As a result, prices were supported. Before the close of trading on Friday, the US crude oil price rose to near 69 USD.

At 16:00 this afternoon, Germany announced the business climate index, and the market is expected to decline. At 22:00 in the evening, the United States announced new home sales, and the market is expected to grow. Note that the U.S. dollar has the opportunity to perform better because of the data, which is bullish USD.

Today's proposal:

EURUSD
1.1680/1.1700 resistance
1.1638/1.1611 support
The EU government will impose a 20% counter-tariff on U.S. imports, and the news stimulated the euro to rise. However, the U.S. side will fight back, I believe it needs to be observed and be careful about the risks. At 16:00 in the afternoon, Germany announced the business climate index, and the market is expected to decline. If the result is lower than expected, it will be negative for the euro.

GBPUSD
1.3280/1.3300 resistance
1.3205/1.3195 support
Last week, the Bank of England broke the interest rate, and one of the central bank’s voting members changed their attitudes in favor of raising interest rates, stimulating expectations of an increase in interest rates in the UK Bank in August. Together with the euro's rebound against the dollar, it supports the pound. However, it must be noted that the above factors lack actual reasons for support. There are also risks and worries ahead of the EU summit and the UK’s announcement of the Brexit White Paper this week. The exchange rate of the GBP/USD may be adjusted downwards, taking note of the risks.

USD/CHF
0.9865/0.9840 support
0.9935/0.9955 resistance
The Swiss Central Bank’s monetary policy last week, and the euro strengthened, bullish Swiss francs. However, after the good news, today's market expects the US economic data to perform better, bearish Swiss francs, and USD/CHF has the opportunity to adjust the rebound.

USD/JPY
109.70/109.85 resistance
109.20/108.95 support
As the Nikkei index fell this morning, the dollar fell against the yen. Technically, USD/JPY fell from the 110.76 and 110.20 levels respectively, and the support level has also moved downwards. Currently note 109.20 and 108.95 support. If the stock market falls, there will be an opportunity to test lower support.

AUDUSD
0.7440/07452 resistance
0.7414/0.7405 support
The technical rebound in copper prices, coupled with the decline in the US dollar, supported the rise in the Australian dollar. Before viewing the results of the U.S. economic data tonight, the Australian dollar has the opportunity to adjust the next test support level. At 7:30 am tomorrow, Australia announces its consumer confidence index. Whether the result can be improved, and the Australian dollar will be better.

NZDUSD
0.6912/0.6940 resistance
0.6885/0.6865 Support
Attention to the New Zealand dollar following the development of the Australian dollar, the New Zealand dollar showed an upward trend. If the U.S. economic data show a better than expected performance tonight, the New Zealand dollar may adjust its support for the next support. And the market is concerned about the Bank of New Zealand’s central bank’s interest rate and monetary policy orientation on Thursday.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The oil price rebounded and supported the Canadian dollar. Unfortunately, last week's important Canadian economic data was weak, and the Canadian dollar’s rise was limited. If the US economic data show better performance this evening, the Canadian dollar can still find resistance. Of course, the Canadian dollar may still refer to the development of oil prices.

EUR/GBP
0.8800/0.8825 resistance
0.8775/0.8755 support
This week's EU summit and the United Kingdom announced the Brexit report on the eve of the sterling risks and worries exist, the euro has a chance to rise against the pound. If break the resistance, you will explore the resistance above 0.8825.

EURCHF
1.1535/1.1550 resistance
1.1495/1.1480 support
The SNB policy remains unchanged, but its content tends to make the euro negative. The EUR/CHF trend is trending downwards. 1.1480 is an important short-term support.

XAUUSD
1268/1266 support
1272/1275 resistance
Last week, the US economic data was weak and gold rose. Short-term economic risks continue to support gold. If the U.S. economic data show a better performance in the short-term tonight, gold has the opportunity to reverse the decline from resistance.

US crude oil futures:
69.15/69.45 resistance
67.65/67.25 support
The OPEC oil group meeting has passed. The oil price lacks other news and has the opportunity to adjust.

BTCUSD:
6232 / 6434 resistance ,
6032/ 5820 support.
Crypto currencies security alarms the block chain confidence. Couple of Japan block chain had hacked by someone, the bitcoin fell a lot on last Weekend. Now if 6032 supports remains, rebounding maybe 6232 and 6434. If fail to rebound and fall, it maybe reach 5820 which is fist support.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!

Information provided by ATFX, 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: ATFX is a trading name of 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.

 

[Kelly Yeung]

Personal opinion today:

The Central Bank of China will implement the reduction of the reserve requirement ratio by 0.5% on July 5, and it is estimated that 700 billion yuan will be released. The news will not help improve and determine the market tension. Conversely, the release of large amounts of funds by the central bank will only have the opposite effect. The more relaxing the funds, the greater the liquidity of funds and the speed of currency depreciation. It is estimated that if there is no improvement, Chinese enterprises will develop in the second half of the year. Manufacturing and exports will be very severe. Not only will the renminbi depreciate further, global currency risks will gradually emerge. Funds will flow into safe-haven assets. Traditionally, the yen and gold are the more common safe-haven assets. If further capital inflows to asset hedging are achieved, but the US trade war is involved, the U.S. dollar can hardly be used as a safe-haven asset. At the same time, the U.S. dollar may be affected by the economic damage. Another option may be the Swiss franc.

At 6 pm today, the UK announced the retail sales difference data. At 10:00 pm, the United States announced the June consultation consumer confidence index and the Richmond Fed manufacturing index. At 4:30am the following day, the API group of the United States announced crude oil inventories, and the oil price will change according to the number of stocks.

Today's proposal:

EURUSD
1.1680/1.1700 resistance
1.1638/1.1611 support
The market expects that the trade war between the United States and China will heat up, and part of the funds will flow into the euro to benefit the euro. On the other hand, this weekend the European Union and the United Kingdom will have a final draft of the Brexit negotiations. It is expected that the two sides will reach a final consensus and prepare for a smooth transition in October. The news anticipates a more positive euro. However, under the European economic uncertainties, pay attention to important resistances such as 1.1750 and 1.1800.

GBPUSD
1.3310/1.3335 resistance
1.3275/1.3255 support
The market continued to expect the Bank of England to increase interest rates in August, which is a bullish pound. The euro rose and also supported the pound. The EU summit this weekend and the United Kingdom announced that Brexit will sign a draft and decide to stabilize the UK’s transition plan to Europe. However, short-term pound sterling risks existed and attention was paid to the resistance above 1.33.

USD/CHF
0.9865/0.9840 support
0.9935/0.9955 resistance
The trade war between China and the United States heats up, but there are hidden concerns about the economic outlook of the United States. If market funds have the opportunity to choose the Swiss franc as a safe currency, the USD/CHF will likely fall below 0.9780 and test 0.96.

USD/JPY
109.70/109.85 resistance
109.20/108.95 Support
The stock market fell, the trade war heated up and other negative market factors, the funds turned to the yen as a hedge. Against the USDJPY, look for 109.20 and 108.95 support. If the stock market falls, there will be an opportunity to test. Short-term US dollar against the yen has the opportunity to fall to 108 levels.

AUDUSD
0.7425/07435 resistance
0.7400/0.7385 support
This morning, Australia announced that its consumer confidence index had fallen from its previous value, and copper prices had fallen, which had negatively impacted the Australian dollar. If the US data or copper prices fall tonight, it will further weaken the Australian dollar.

NZDUSD
0.6920/0.6935 resistance
0.6882/0.6870 support
The market is watching the New Zealand trade account tomorrow and the RBNZ policy interest rate and monetary policy orientation on Thursday. Investors are cautious. The hourly chart is building the pattern of head and shoulders and right shoulders. If the New Zealand dollar breaks through 0.6920, it will have the opportunity to represent an upward trend.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The oil price rebounded and supported the Canadian dollar. However, Canada’s important economic data is weak, and North American trade affects the future industrial exports of Canada. The Canadian dollar’s gains are limited. Concerned about the development of oil prices, how to affect the Canadian dollar. In addition, wait and see more Canadian data performance, and look forward to breaking the short-term upper and lower range pattern.

EURGBP
0.8825/0.8840 resistance
0.8775/0.8755 support
This week's EU summit and the United Kingdom announced the draft of the Brexit white paper on the eve of the pound sterling risks and worries exist, the euro has a chance to rise against the pound. Short-term estimates will explore resistance above 0.8825. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF
1.1565/1.1585 resistance
1.1525/1.1505 support
The euro rebounded against the Swiss franc and went up to 1.1565 resistance. The Swiss franc has a chance to become a safe-haven asset, Swiss franc rebounded and the euro fell. Therefore, risk management must be maintained to prevent a reversal of the euro against the Swiss franc.

XAUUSD
1264/1262 support
1270/1272 resistance
The US Dow fell and supported gold. Gold held above $1264 yesterday. It is estimated that the U.S. president’s continued influence on Sino-U.S. trade relations and the EU’s anti-tariff actions will start soon, and no any improvement, risk aversion will heat up and gold may return above 1310 U.S. dollars.

US crude oil futures:
69.15/69.35 resistance
68.05/67.45 Support
Crude trend is good, but the United States API announced the number of crude oil inventories. The price of oil will increase or decrease based on the number of inventories.

BTCUSD:
6232 / 6434 resistance ,
6032/ 5820 support.
Bad news gone, now if 6032 supports remains, rebounding maybe reaching to 6232 and 6434. If fail to rebound and fall, it maybe reach 5820 which is fist support.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!

Information provided by ATFX, 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.
wechat: ATFX_China

Legal: ATFX is a trading name of 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.

 

[Kelly Yeung]

Personal opinion today:

Since the Central Bank of China announced that it intends to reduce the reserve requirement ratio by 0.5%, it is estimated that the funds will be released and the RMB will continue to depreciate. Coupled with the U.S. President’s remarks, Sino-U.S. trade frictions are heating up, the global investment climate is still relatively tight, and the stock market has a downside risk. Although the US stock market stabilized yesterday, if the US stock market falls again, risk aversion will rise again, and there will be opportunities for safe-haven asset prices to rise again. As for the Japanese premise, it is difficult to use the US dollar as a safe-haven asset in the future. At the same time, the U.S. dollar may be affected by economic damage. Another option may be the Swiss franc. Began to note that the United States will announce May durable goods orders and US existing home sales data. The United States announced the number of jobless claims, the final GDP in the first quarter and the first quarter of the PCE price index and the core PCE price index. Before the announcement of the data, the U.S. dollar performed better, but it may reverse after the announcement.

This morning, the API group in the United States announced that crude oil inventories had fallen sharply, which was a decrease of 9.22 million barrels of oil prices last week. The market is watching another crude oil inventories data tonight. Tonight, the United States will announce durable goods orders and US existing home sales data for May. The data is expected to improve and the U.S. dollar may remain strong.

Today's proposal:

EURUSD
1.1680/1.1700 resistance
1.1625/1.1610 support
Yesterday, the euro challenged such important resistances as 1.1750 and 1.1800, and saw the reversal of the decline after 1.1719 appeared. It is currently expected that before the release of important US data, the US dollar will be strong and suppress the rise of the euro.

GBPUSD
1.3265/1.3280 resistance
1.3210/1.3185 support
As mentioned yesterday, the EU summit this weekend and the announcement of Brexit by the United Kingdom will sign a draft and decide to stabilize the UK’s transition plan to Europe. However, short-term pound sterling risks existed and attention was paid to the resistance above 1.33. Yesterday, the pound fell below 1.3300 against the U.S. dollar and short-term attention was paid to the moving average as a reference for resistance.

USD/CHF
0.9935/0.9955 resistance
0.9865/0.9840 support
The trade war between China and the United States heats up, but there are hidden concerns about the economic outlook of the United States. If the market funds have the opportunity to choose the Swiss franc as a safe-haven currency, the USD/CR will likely fall. Currently pay attention to the resistance level.

USD/JPY
110.05/110.25 resistance
109.50/109.35 support
The stock market fell, the trade war heated up and other negative market factors, the funds turned to the yen as a hedge. Paying close attention to the stock market will help understand the direction of the USDJPY.

AUDUSD
0.7390/07405 resistance
0.7345/0.7325 support
The Sino-US trade war has also affected the export of Australian resources. Falling copper prices also negatively impacted the Australian dollar. If the US data or copper prices fall tonight, it will further weaken the Australian dollar.

NZDUSD
0.6840/0.6860 resistance
0.6800/0.6780 support
In this morning, the New Zealand trade account was made well and may support the New Zealand dollar. The RBNZ's interest rates decision and the publication of its monetary policy orientation will be followed with prudence tomorrow. With good data support, NZDUSD has an opportunities to go up.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The oil price rebounded sharply and supported the Canadian dollar. However, Canada’s important economic data is weak, and North American trade affects the future industrial exports of Canada. Limited Canadian dollar’s gains. Concerned about the development of oil prices, how to affect the Canadian dollar. In addition, wait and see more Canadian data performance, and look forward to breaking the short-term upper and lower range pattern.

EUR/GBP
0.8825/0.8840 resistance
0.8775/0.8755 support
This week's EU summit and the United Kingdom announced the draft of the Brexit on the eve of the pound sterling risks and worries, the euro has a chance to rise against the pound. Short-term estimates will explore resistance above 0.8825. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF
1.1555/1.1565 resistance
1.1505/1.1495 support
The euro rebounded against the Swiss franc and once tested resistance at 1.1565. At present, the Swiss franc has a chance to become a safe-haven asset, and the euro has a chance to decline against the Swiss franc. Therefore, risk management must be maintained to prevent a reversal.

XAUUSD
1261/1263 resistance
1250/1248 support
The US Dow rose and suppressed gold again. On the contrary, under the US economic data, gold will see the downside in the short term. Looking forward to the release of US economic data on Thursday, the market’s attitude changed and the funds turned to gold.

US crude oil futures:
70.55/71.05 resistance
68.85/68.45 support
The US API announced a substantial reduction in the number of crude oil inventories to stimulate the surge in oil prices. However, after the news is digested, the price of oil may be adjusted downwards.

BTCUSD:
6232 / 6434 resistance ,
6032/ 5820 support.
Technically, the bitcoin maybe test 5820 which important support. If it fails to support, next will reach 5500.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!



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: ATFX is a trading name of 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.

 

[Kelly Yeung]

Personal opinion today:

The U.S. economic performance has maintained growth. Fed officials have publicly stated that U.S. economic growth will reach 2.75% this year. The average increase in the previous quarter was 2.2%. If this target is reached, the Federal Reserve Board can increase by 0.5%; the US dollar is expected to rise by the rate hike, the US dollar index rose to 95, and the euro, pound and other currencies fell against the US dollar. At the same time, gold also reversed its decline after rising to 1259 last night.

The euro zone will announce the economic sentiment index for June and the consumer confidence index. At night, Germany announce the CPl consumer price index in June, followed by a meeting of EU leaders. The market concerned about the United States announced the final value of the first quarter of GDP and the first quarter of the PCE price index and core PCE price index. The final GDP value and the results of the PCE price index will establish the United States’ economic performance table for the past quarter, and the market attaches importance to it. However, if the result is only in line with the 2.2% growth in the previous quarter, the US dollar's strength may slow down and the US dollar has the opportunity to adjust the decline. In addition, the US jobless claims is also worth to court , for the US Non-farm payroll and the unemployment rate next week.

Today's proposal:

EURUSD
1.1530/1.1500 support
1.1590/1.1620 resistance
The euro zone will announce the economic sentiment index and consumer confidence index in this afternoon. In the evening, Germany announced the CPl consumer price index in June and there was a meeting of EU leaders. Whether the euro can rebound from the lows must be watched for relevant data. Conversely, with the US economic growth and rising interest rates, the euro will have a chance to weaken further.

GBPUSD
1.3080/1.3055 support
1.3165/1.3180 resistance
The Governor of the Bank of England warned that the details of the current Brexit negotiations will hurt the UK economy. With the increase in interest rates in the United States, the pound fell. However, it is believed that the speech will not affect the basic economic development in the United Kingdom. It is estimated that the results of the important economic data in the United States this evening will have no outstanding performance and the pound will have an opportunity to rise.

USD/CHF
0.9975/0.9995 resistance
0.9925/0.9905 Support
If the results of the important US economic data tonight do not have market expectations, the US dollar will have the opportunity to adjust the decline. It is believed that the current performance of the Euro will affect the development of Swiss franc.

USD/JPY
110.35/110.55 resistance
109.90/109.75 Support
Although Japan released economic data this morning and its performance did not show economic growth, the yen was weak. However, the stock market fell and often the dollar fell against the yen. Keep watching the U.S. economic data and the trend of the US Dow tonight.

AUDUSD
0.7335/0.7315 Support
0.7390/07405 resistance
The Sino-US trade war has also affected the export of Australian resources. Falling copper prices also negatively impacted the Australian dollar. Watching the performance of US data and copper prices tonight will help observe the Australian dollar.

NZDUSD
0.6740/0.6720 support
0.6780/0.6800 resistance
The Central Bank of New Zealand made a conservative speech, monetary policy remained unchanged, investors were disappointed, and the New Zealand dollar fell. However, it is estimated that the performance of the U.S. economic data will remain flat tonight, and the New Zealand dollar will have an opportunity to rise.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The crude oil price rebounded sharply and maintained its support for the Canadian dollar. The governor of the Bank of Canada publicly stated that he intends to tighten monetary policy and increase the Canadian dollar. It is estimated that the performance of the US economic data will remain flat tonight, and the Canadian dollar will have an opportunity to go up.

EUR/GBP
0.8825/0.8840 resistance
0.8790/0.8775 support
Short-term estimates will explore resistance above 0.8825. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF
1.1535/1.1555 resistance
1.1505/1.1495 support
Recently, the euro rebounded against the Swiss franc and once it went up to 1.1565 resistance. At present, the Swiss franc has the opportunity to become a safe-haven asset, and the euro has the opportunity to decline against the Swiss franc. The euro against the Swiss franc could start a down trend.

XAUUSD
1261/1263 resistance
1250/1248 support
Fed officials stated that the U.S. economy maintained growth. The target will increase from the current 2.2% to 2.75%. It hinted that the Fed has conditions to continue raising interest rates, and let gold price fell. The United States is currently looking forward to the release of US economic data tonight. If there is no growth in the data, market attitudes may change. Funds flow into gold and will be bullish.

US crude oil futures:
72.05/72.30 resistance
70.85/70.45 Support
The United States API organization announced a substantial reduction in the number of crude oil inventories to stimulate the surge in oil prices. But the news is digesting and the price of oil will likely fall. Plus, the U.S.-Russia summit will begin soon. If the meeting has the opportunity to release the Russian crude oil exports, it may cause the price fall.

BTCUSD:
6232 / 6434 resistance ,
6032/ 5820 support.
Technically, the bitcoin maybe test 5820 which important support. If break the support, next will reach 5500. In short term, 6232 as important resistance.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!

Information provided by ATFX, 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: ATFX is a trading name of 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.

 

[Kelly Yeung]

ATFX to Participate in Spain’s Forex Day


Spain’s largest international trading event held its sixth edition, on June 23rd 2018 with brokers, experts, and traders will converging in Madrid for Forex Day, powered by FX for a Living. Places were limited this year given the high demand of not just participants who wanted to know more about the main topic, but also due to the event’s unique opportunity in the country to learn and network regarding everything FX-related, with experts who appear frequently on outlets like CNBC, Bloomberg, and BBC on the roster.  


Given ATFX’s recent string of appearances including Finance Magnates’ London Summit last year, its media campaigns in London, and media exposure in the Times, what has been a good start for the financial brokerage in 2018 looks set to continue after its participation in Forex Day.


This was ATFX’s first participation at an event in the Eurozone this year, and its team of professionals were at the company’s booth to engage and network with market professionals and interested traders. With the vast number of financial products and services it offers – it catered to both professionals and traders in the bloc looking to expand their trading horizon and seek fresh entrants. Furthermore, ATFX prides itself on the professionalism of its staff, and enjoyed the opportunity for like-minded professionals to meet, interact, and exchange ideas and business prospects.


ATFX invited an expert to speak at the seminar,Mr. Ben Robson, the author of Currency Kings. He has over 20-years’ experience in the financial markets in the fields of fixed income currencies and commodities.During our previous “Trading to win-practical pointers to improve trading performance” seminarhe spoke about the fundamentals of trading knowledge and gave useful insights on the global trading markets trend and instruments. He further discussed the diversifying strategies of the trading markets and gave tips for traders to plan their trading portfolios.


Seminar attendees received valuable information about the forex market, which was well received by both novice and veteran retail traders attending the seminar.


ATFX has attracted significant media attention, and in the most recent interview Endrit, Senior Sales Manager, explained the latest moves.  When asked about ATFX’s business in Europe and the advantages of working with it, Endrit said that the future looked bright. “The prospect of Europe’s businesses remains optimistic,” he explained, “and with a secure trading environment coupled with competitive offerings, we expect it to remain that way.” He also gave introduction to ATFX’s brand and the excellent services it provides.Furthermore, the speaker, Mr. Ben Robson shared knowledge of the forex trading market and update the latest financial market information during the interview.  


Mr. Oliver Velez and Mr. David Aranzabal both visited the ATFX booth at the Forex Day event and spoke to the ATFX team. They discussed the forex market trend in Europe and the future development of ATFX.  There was a high level of engagement throughout the event with forex investors, IBs and other market players taking an interest in ATFX and its services. 


ATFX continues to attend events like that of Forex Day as the opportunity to meet and interact with guest experts and traders from different FX and finance backgrounds and interact with them is something the financial services company relishes, with conversations on technical and fundamental analysis, market-making processes, and trading strategies all part of what makes this industry exciting.


All trading involves risk, losses can exceed your deposits


Legal: AT Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FCA registration number (760555). Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. Company No. 09827091

 

[Kelly Yeung]

Personal opinion today:

Last night, the final value of GDP in the first quarter of the United States and the PCE price index in the first quarter were lower than market expectations. The final value of GDP and only 2% growth was lower than expected and the previous quarter. Coupled with the increase in the number of people applying for unemployment benefits, the dollar has slowed down.

This afternoon, we will focus on German employment data, UK GDP and the CPI of the Eurozone. In the evening, focus on Canadian GDP, US personal income and expenditure and the University of Michigan Consumer Confidence Index. And US data performance will have a greater impact on the stock market and gold. Even the euro and other against US dollar currencies.

Today's proposal:

EURUSD
1.1535/1.1515 support
1.1590/1.1620 resistance
In the afternoon of the euro zone, the CPl consumer price index was announced in June, and the euro zone inflation can be monitored. Yesterday the euro could rebound from the low position after the EU leaders’ meeting. If the economic data of the United States is not good, it will bullish the euro. Now, 1.1620 is an important short-term resistance.

GBPUSD
1.3055/1.3030 support
1.3115/1.3130 resistance
There is no progress in negotiations between the United Kingdom and the European Union. It is likely that the time will continue to delay and eventually undermine the deadline for final negotiations in October. If speeding up compromises may also affect the British government's cabinet. Look forward to the growth of UK economic data performance in the afternoon, otherwise the pound will have the opportunity to break the 1.3030 support.

USD/CHF
0.9990/1.0015 resistance
0.9955/0.9925 support
At present, the performance of the euro affects the simultaneous development of Swiss franc. If EUR up, CHF up. It means USDCHF down.

USD/JPY
110.75/110.90 resistance
110.35/110.20 support
Japan's consumer price index and job market data improved, the Nikkei index rose, and the dollar rose against the yen. Keep an eye on US economic data tonight, and keeping the trend of the US Dow and the trend of the US dollar against the yen.

AUDUSD
0.7335/0.7315 Support
0.7370/0.7385 resistance
US data and copper price performance development, it will affected the AUD directly. If the US data slows down, good for AUD. But we must keep checking to the trend of the renminbi, which is also important to the Australian dollar.

NZDUSD
0.6730/0.6715 support
0.6760/0.6775 resistance
New Zealand's May construction permit rate has been significantly improved, supporting the New Zealand dollar. If the US economic data is weak tonight, the dollar's decline may help the New Zealand dollar stronger.

USD/CAD
1.3285/1.3305 resistance
1.3230/1.3200 support
The supply of crude oil is tight and oil prices continue to rise. A few days ago, the Governor of the Central Bank of Canada said that he was considering preparing to raise interest rates. The above factors have caused the Canadian dollar to break through the resistance. Keep an eye on the important data on Canada's GDP tonight and the US economic data. If the US data is weak, further Canadian dollars will be stronger .

EUR/GBP
0.8865/0.8885 resistance
0.8825/0.8805 support
The Brexit negotiations have caused investors in the pound to worry that the pound continues to fall. The fall in the pound caused the euro to rise against the pound. There are still unease in the short-term events and the trend is expected to remain. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF
1.1565/1.1585 resistance
1.1525/1.1505 support
Recently, the euro rebounded against the Swiss franc and once it went up to 1.1565 resistance. The Swiss franc has the opportunity to become a safe-haven asset, and the euro has the opportunity to decline against the Swiss franc. Therefore, we must maintain risk management to prevent the euro against the Swiss franc downward trend.

XAUUSD
1253/1256 resistance
1244/1241 support
Fed officials are conditional to continue raising interest rates and gold is falling. Last night, the US economic growth in the first quarter was lower than market expectations. If more US economic data slows down, it will be bullish.

US crude oil futures:
72.65/73.30 resistance
71.50/70.65 support
A number of crude oil supply news stimulated oil prices to rise, and if the news continues to digest, oil prices will likely adjust downward. Now, the U.S.-Russia summit will begin soon. If the meeting has the opportunity to release the Russian crude oil exports, it may cause the price of oil to fall.

BTCUSD:
6032 / 6232 resistance ,
5775 / 5520 support.
Technically, the bitcoin maybe test 5820 which important support. Now it maybe break the support, then reach 5520. Rebound and break 6232 the trend maybe change upward.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!

Information provided by ATFX, 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: ATFX is a trading name of 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.

 

[Kelly Yeung]

ATFX participated in multiple exhibitions across Southeast Asia this year.And following a successful showing inTaiwan, Thailand and the Philippines, the financial services company went to Malaysia at the end of June. The event, Traders Fair & Gala Night, held in Kuala Lumpur, Malaysia, combines tens ofthousands of sponsors, participants, speakers, and attendees under one roof, and will be primarily focused on retail traders and IBs.

One of the key speakers at the seminar was ATFX’s Martin Lam, Chief Analyst of Asia Pacific, who kicked off the seminar, speaking about the “The Global Market Macroeconomics Outlook for the 2nd Half of 2018". Mr. Lam has over 18 years of experience in the financial and investment industry and is regularly invited by media outlets in Hong Kong as well as globally to provide his trading market analysis.During the seminar, he gave useful insights about the financial markets and trading instruments, discussing the fundamentals of trading knowledge with the audience.

Another speaker, Mr. Ahmad Izzat, is a Trainer at ATFX. He discussed “Comprehensive Understanding of Gold Trading through Technical, Fundamental & Sentiment Analysis”, in line with over eight years of experience in forex and teaching experience. During the seminar, he provided trading knowledgein the movement of gold prices, the overall gold industry, and introduced the various historical support and resistance levels on the gold price chart to the audience.

The feedback has been very positive, as significant benefit is derived from ATFX’s services.After a successful trade fair, ATFX also participated in the Gala Night, a great opportunity for industry leaders to discuss the latest market updates, whilst simultaneously offering its participants a chance to network with seniors in the industry.

The financial brokerage also had some very positive meetings with introducing brokers (IBs), an area ATFX excels in. Highly skilled IBs are keen to partner with a firm that can be trusted to comply with the highest standards of service and transparency.

With that in mind, the leading financial services company is looking to organize and participate in more events in the near future, continuing its company culture of educating and training both IBs and traders, a principle ATFX firmly believes in.For it’s next participation, it’s off to Trader Fair of Thailand in August!


Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 224226 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.

 

[Kelly Yeung]

AT Capital Markets (ATFX) announces the appointment of Ryan Tusi as CEO of its ADGM Office. With extensive leadership capabilities, Ryan has over 13 years of experience in the world of finance, working previously in companies such as GKFX and FXCM at director and senior management levels. He therefore specializes in forex, indices, equities, commodities, spread betting, CFDs, futures & options.



Creating a Footprint

ATFX looks forward to Mr. Tsui leading the company to establish a strong footprint in the Middle East. The company has already created a niche for itself in Europe and South East Asia, with its cutting edge online trading platform and excellence in customer support. ATFX believes that Ryan Tsui is the right person to lead the team in the UAE, given he has more than a decade of experience in the financial arena.



Building a Strong Team

Mr. Tsui has handpicked his Middle East team, from human resources to sales, choosing talent carefully to ensure that each member is a perfect fit for the company’s vision and mission, as well as its passion for excellence and 100% customer satisfaction. Every staff member brings extensive knowledge and experience.



Interesting Market

Mr. Tsui stated that this is a very interesting the time to enter the Middle Eastern financial market. With many GCC countries looking to diversify their economy away from oil, the entire region is at a key stage of evolution. Trading in various instruments is also picking up, from precious metals to forex and more.



Regulated & Compliant

As part of its commitment to offering world class services in the Middle East, ATFX has acquired licensing from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). ATFX is committed to providing legal and trustworthy services to its clients across different parts of the world. The ADGM FSRA license is a milestone in that direction.



Matching Services to Client Needs

Before entering the Middle East, ATFX spent time researching the rising market to understand the needs of traders in the region and the existing broker services and their limitations. Once the company gained confidence that it can perfectly cater to the needs of Middle Eastern traders and go beyond the existing trading services available in the region, did ATFX take the leap to open its first UAE office.



Now, with Mr. Ryan Tsui in charge of the UAE team, the company is confident that it will be able to replicate its previous successful experience to the Middle East.



Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA)

Financial Services Permission Number: 170006

 

[Kelly Yeung]

ATFX Markets Research Department
Ramy Abouzaid, ATFX (AE) Head of Market Research
• US-EU Auto Tariffs: A Closer Look
• Global Economic Indicators
• This Week’s Economic Calendar
Under the radar: Trump directs his weapon towards European auto makers
US President Donald Trump told reporters on an Air Force plane on Friday that his government's investigation into tariff increases for cars from the European Union and other trading partners would be completed within three to four weeks, according to Reuters.

Strangely, in recent US administration decisions on protectionist measures that could trigger a real trade war, these measures come at a rapid pace and on more than one front. According to Reuters reporter Jeff Mason, US President Donald Trump Speaking to reporters aboard Air Force One as he traveled from Washington to New Jersey said on Friday his administration's investigation into whether to increase tariffs on cars from the European Union and other trading partners would be completed in three to four weeks. Trump also said the United States has been treated very badly by the World Trade Organization, but he is not considering withdrawing from it at this point. Asked when the probe would be concluded, he said: "Very soon. It'll be done in three, four weeks."
Trump ordered the "Section 232" national security probe into autos on May 23, and his unusually fast timeline calls for it to be possibly completed in just over two months. Similar national security probes ordered last year that led to import tariffs of 25 percent steel and 10 percent on aluminum, took about 10 months to complete. By law, the Commerce Department has 270 days to offer recommendations to the president after a Section 232 probe starts. The president then has 90 days to act upon those recommendations. Written comments from interested parties in the autos probe were due on Friday, and the administration has scheduled a public hearing for July 19-20.

The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports.

In a 10-page letter sent by the European Commission to the US Department of Commerce last Friday, The European Commission tried to clarify the following key massages:
• EU car makers made approx. 2.9 million cars in the United States, which is supporting 120,000 jobs - or 420,000 if auto dealers and parts dealers were included.
• The bloc exported 37.4 billion euros ($43.6 billion) of cars to the United States in 2017.
• 6.2 billion euros was imported to EU countries from USA.
• In some goods, such as trucks, US import duties are higher.
• The report said tariffs on cars and auto parts could undermine US car production by imposing higher costs on American manufacturers.
• The EU has calculated that the 25 per cent tariff would have an initial impact of $ 13-14 billion on US GDP without any improvement in the current account balance.
• Assuming countermeasures such as those taken in response to current US steel and aluminum import tariffs, up to $294 billion of US exports – 19 percent of total US exports – could be affected.


(1) Data sources & references:
• Thomson Reuters Eikon.
• Investing.com
• TradingEconomics.com
• forexfactory.com

Disclaimer - This document is for information and illustrative purposes only and are not indicative of future results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those discussed, if any. No part of this document may be reproduced in any manner, in whole or in part, without prior written permission.
This information is provided with the understanding that with respect to the material provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. Owing to the long term and high-risk nature of the investments, the strategy may not be suitable for all investors. By accepting this material, you acknowledge, understand and accept the foregoing. High Risk Investment Warning: Contracts for Difference (CFDs) are complex financial products that are trading on margin. Trading Foreign Exchange (Forex) and CFDs is highly speculative, and carries a high level of risk, and may not be suitable for all investors, and therefore you should be aware of all the risks associated with trading these products and trading on margin. You may sustain a loss on some or all your invested capital, and therefore shouldn’t speculative with capital that you cannot afford to lose.
Past performance is not a reliable indicator of future results. AT Financial Market Ltd (ADGM) is regulated by the Financial Services Regulatory Authority, FSRA Permission Number 170006. Registered Office: 8th Floor, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, UAE, and only communicates this information for Professional Clients only, with no other persons acting upon it.

 

[Kelly Yeung]

The US non farm payroll in June decreased by 10,000 from the previous month's 223,000, with only 213,000. The unemployment rate rose to 4%, the first increase after two months of continuous improvement. In addition, the average hourly wage in the United States fell in June compared with market expectations, indicating that the US inflation and consumer markets have a chance to contract. Last weekend, the US dollar index closed at 94, and the trend has a chance to continue to today's Asian trading hours . As seen above, the performance of the US job market has slowed down. The Sino-US trade war has not improved and there are signs of negotiation. There were hidden concerns about the future trend of the US dollar.

The UK Brexit Minister resigned. The pound fell after the opening of the market this morning and could not continue the uptrend. However, the issue of Brexit between the UK and the EU cannot be postponed. New UK Prime Minister replaced after, without other bad news, and the Bank of England will maintain a rate hike and the pound will keep rising.

Today, the three major central bank leaders spoke separately, including Bank of Japan Governor Haruhiko Kuroda, Bank of England Deputy Governor Broadbant and European Central Bank President Draghi. Take the opportunity of their central bankers to speak and grasp the attitudes and opinions of their monetary policy as a predictor of future interest rate trends. If the exchange rate between the yen and the euro rises, the US dollar index will further test the support of 93.7 and 93.55. Helps bullish gold and silver.

Today's suggestion:

EURUSD
1.1730/1.1760 resistance
1.1650/1.1620 support
ECB officials said they would accelerate the pace and increase the euro. The US employment data slowed down and disappointed the market. It is also a bullish euro. At present, the euro is at 1.1620 as a short-term important strength and weakness boundary, paying attention to market risks.

GBPUSD
1.3285/1.3260 support
1.3325/1.3340 resistance
The Bank of England’s members said that they would raise the interest rate and increase the Bank of England’s interest rate hike in August. The Brexit negotiations often have problems that affect the pound's decline, but believe that the fundamentals are still bullish.

USD/CHF
0.9905/0.9930 resistance
0.9870/0.9855 support
Together with the European Central Bank's monetary policy, the bullish euro, Swiss franc almost followed. If the speech of the ECB President in the afternoon and judge the trend of the Swiss Franc as well.

USD/JPY
110.85/111.10 resistance
110.35/110.05 support
Technically, the dollar is trading downward against the yen, representing a rise in the yen. At present, there is no breakthrough in the USD/JPY resistance of 110.80, and it is likely to test 110.28 support. If it falls below this support level, it will test 109.95 to 109.45. On the contrary, the dollar broke the resistance against the yen, and the upper resistance can refer to 111.40.

AUDUSD
0.7425/0.7405 support
0.7475/0.7495 resistance
The Australian dollar has changed according to the slowdown in US employment data last Friday. At present, the Australian dollar is on the rise. If the Australian and Chinese data are positive tomorrow, the Australian dollar will maintain above 0.7425 and the trend will continue to rise.

NZDUSD
0.6810/0.6790 support
0.6860/0.6885 resistance
US employment data slowed and the New Zealand dollar rose. As long as the data of Australia and China will be positive tomorrow, the uptrend will be sustainable.

USD/CAD
1.3115/1.3135 resistance
1.3075/1.3050 support
Canada’s employment data is weak and the trade deficit is widening. Fortunately, the US job market has also slowed down, and the overall dollar fell to support the Canadian dollar. Coupled with the rebound in oil prices, bullishness has risen. It is recommended to continue to pay attention to the development of oil prices and the impact of the Canadian dollar.

EURGBP
0.8865/0.8875 resistance
0.8805/0.8785 support
The Brexit negotiating minister resigned and the pound fell. The euro has risen against the pound. At present, we will continue to pay attention to the development of the matter. If we determine the new minister, it will change the trend. In the short-term attention, the ECB president speech in the afternoon that if positive for the euro, EURGBP downward.

EURCHF
1.1625/1.1645 resistance
1.1585/1.1565 support
The European Central Bank intends to amend the monetary policy and bullish the euro. If the ECB president speaks in the afternoon, positive for euro, the EURCHF may fall.

XAUUSD
1253/1251 support
1262/1264 resistance
The US employment report disappointed the market and the dollar fell, which caused gold to rise. At present, Sino-US trade relations are tense, trade wars affect the economy, and bearish stock markets may help bullish gold. It’s just that the ECB and the Bank of Japan’s governor’s speech today will be bearish for gold if they tighten their monetary policy intentions.

US crude oil futures:
74.35/74.65 resistance
72.85/72.55 support
OPEC and non-OPEC have reached a consensus on crude oil production and supply, and currently support the rise in oil prices. Coupled with the tight demand for crude oil in July, bullish for oil prices. But you must maintain risk management and don't chase it to prevent changes.

BTCUSD:
6865 / 7020 resistance ,
6540 / 6340 support.
As mentioned last week. The Fed meeting minutes showed fed fund rates intends on upward, the bitcoin demand slowdown. But the US employment data slow down the Fed fund rate maybe keep unchange, then the the dollar performance downward, the bitcoin demand were increased.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!

Information provided by ATFX, 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: ATFX is a trading name of 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.