ATFX Press Releases - 2018

[Kelly Yeung]

ATFX – a global leading online trading services provider – will launch a new office in Bangkok, Thailand on the 19th of August 2018, in a bid to accelerate growth. Meanwhile, it has participated in iFinexpo which hosted an event in the country on the 11th of August at Millennium Hilton Bangkok to promote its widest ever range of institutional products to the fast-growing Southeast Asian market. This B2B expo was organized by Figure Finance.


This event hosted industry participants that included IBs, brokerages, and important regional strategic partners. The opportunity to liaise with the fastest growing region’s local partners is seen as a step in the right direction for the brokerage. ATFX participated and in the process its multi-lingual team of experts presented the financial company’s trading instruments and professional services. They were introduced to new prospects, who discussed exciting business opportunities with the firm’s specialists.

Among the highlights of the event was the seminar titled “Learn the basics of risk management and How to apply into your trading”, with its speaker Mr. Martin Lam, ATFX Chief Analyst of Asia Pacific. Mr. Martin was asked to address the discussion on the challenges in forex trading and to share his insights with an interested and enthusiastic audience.

Another speaker, Mr. Yong Chin Hiong, is a trainer at ATFX and Founder & CEO of PGL/ SGX Accredited Speaker. He topic was “The Phoenix System”, and in line with the professional experience in forex and teaching. During the seminar, he shared the advantage of this system. This system will show when we had the opportunity to open a trade and where to close it, the signal is actual signal (real time) so you can 1always have signals coming your way no matter what markets are open.

The recent ATFX strategies have attracted significant media attention, and in the latest interview, Mr. Arthiphant Thongchandr, General Manager of ATFX (Thailand), explained the latest moves. When asked about ATFX’s business in Thailand and the advantages of working with the growing market, Mr. Art said that the future looked bright, adding that “the prospect of Thailand’s businesses remains optimistic.”

The feedback has been very positive, as has been the significant benefit derived from ATFX’s services. This expo with esteemed professionals from all over the world having the opportunity to learn about ATFX’s service and state-of-the-art trading technology, giving great feedback about the company’s market-leading trading conditions.


Following its presence at the Expo in Thailand, ATFX and its team of experts are getting ready to participate in more exhibitions and events in Southeast Asia in the very near future.

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’s GLOBAL STRATEGY CONFERENCE PROUDLY ANNOUNCING THE DUKE OF EDINBURGH CUP SPONSORSHIP Global Media Event held in Hong Kong

After ATFX’s successful launch and growth in the Asian market, the financial company recognizes that it is an ideal time to introduce its business plans of regarding future expansion and development across the world to a wider audience. The theme of its latest event was ATFX’s GLOBAL STRATEGY CONFERENCE where it proudly announced its sponsorship of the Duke of Edinburgh cup in line with the company’s commitment to the future leaders within its communities. The Duke of Edinburgh Cup was established to support the Duke of Edinburgh International Award and young people all around the world. Founded by HRH Prince Philip, the Duke of Edinburgh in 2001, it is an annual worldwide series of golf tournaments run by the International Golf for Youth (IGFY), culminating in a World Finals Event held each year in the United Kingdom. The tournament is used as a vehicle to raise money for charities supporting children and young people in need or improving their lives.  In 16 years it has attracted the attention of golf fans and philanthropists around the world. Mr. Joe Li, Chairman of the Board of ATFX (UK) and Ms. Jean Dong, a member of the China Management Advisory Board of the Duke of Edinburgh Award in China and the Chairman of Zespa Media Group of Companies signed the contract for “THE DUKE OF EDINBURGH CUP SPONSORSHIP” on the stage. Zespa Media Ltd (UK) is the official organiser of the Duke of Edinburgh Cup China Event. During the event, the financial brokerage presented its significant milestones achieved and future development plans for expansion in Europe, China, Southeast Asia, and in the process taking the opportunity to invite media participants from around the world.

Over 100 people from Europe, China, Southeast Asia and other countries across the world attended the global media event on the 4th of August 2018 to get a glimpse of the latest services and strategic developments from ATFX’s leadership. The event took place at the Kerry Hotel Hong Kong, which was organized as a media gathering in order to present the details of what ATFX plans to do in the future across the world. Moreover, it presented the footprint and milestones of ATFX over the past few years, and how it has created fresh opportunities by embracing the global market. *

During the event, ATFX’s leadership emphasized that people are the company’s most valuable asset. With over 200 employees in offices around the globe, it aims to establish a strong footprint. ATFX now has websites in multiple languages tailored to each of the regions it serves and aims to provide the best-in-class products and services. From its user-friendly online trading platform to its multi-lingual customer support, offered by skilled and experienced professionals, ATFX takes pride in providing a safe and easy trading environment along with prompt help in the language that local traders (e.g. Europe, China, Southeast Asia …) are most comfortable in. Following nearly 200 seminars that were successfully held during the last 12 months. ATFX has continued its principled commitment of educating its investors by conducting a series of seminars in Asia, which are free and educate its participants about various trading techniques and helps learn the basics of risk management. It looks to provide a holistic service which includes the trading platform, along with a team of skilled and experienced professionals, allowing clients to gain access to comprehensive trading services.

The outstanding performance of ATFX in our services have gained recognition from the market. During the year under review, the brand won 10 international awards in the first half of 2018 regarding service, trading instruments, and the development in recognition of its commitments to excellent service to traders in corporate governance.


To improve on the current Forex trading environment. The funding will be used to continue ATFX’s vision of educating traders and enhancing their decision-making progress. As a leading online global trading company, it believes that such training will provide traders and partners with enough knowledge to make proper decisions, and increase their skill sets to overcome any hurdles in trading the financial markets. Furthermore, ATFX will launch a series of promotional activities to reward its customers. ATFX provides all-around support for new and veteran traders, helping them improve and operate a successful partnership business with a global partner that is highly established in Asia and take advantage of market opportunities in multi-asset trading with strategies partnerships.

Mr. Joe Li, Chairman of the Board of ATFX (UK) delivered the welcome speech and the company’s milestone to the guests, while Mr. Richard Craddock, CEO of ATFX (UK), Mr. Ryan Tsui, CEO of ATFX (AE) and Mr. Jeff Hsu, Managing Director of ATFX (Southeast Asia) presented the business development plans for Europe, the Middle East, and Southeast Asia respectively.

ATFX has entered a new era of partnership and strategic growth, with rapid development and invaluable opportunities for traders and partners. Meanwhile, in order to tailor to the dynamic business environment of the forex market to its partners and clients, the financial services company will continue to develop cross-regional business platforms which will service markets at home and overseas, with a team of international experts collaborating seamlessly. ATFX’s professional experiences will help to systematically expand and innovate the trading business development.

Legal: ATFX is a co-brand shared by a number of different entities globally including FCA regulated AT Global Markets (UK) Limited in the United Kingdom, ATFX Global Markets (CY) Limited in Cyprus, AT Capital Markets Limited in the United Arab Emirates and AT Global Markets Limited in Saint Vincent and the Grenadines.

 

[Kelly Yeung]

Due to the emerging market economy and currency, the overall European economy and currency have even affected the financial system of EU member states. The more fragile Italy in the EU is particularly concerned by the market. If Italy is affected by the emerging market currency crisis, it will trigger the return of the European debt crisis, which will greatly affect the performance of the euro. Therefore, the EU government has expressed concern to avoid the crisis. It is expected to resolve the crisis and stabilize the market's confidence in the European currency. Opportunity will be bad for the dollar.
Europe was affected by the Turkish incident and caused the European currency to fall, but this afternoon, the UK CPl data in Europe is worthy of attention. If the performance is better than expected, it will help boost the US dollar and other European currencies. In addition, in the US retail sales, labor costs fell in the second quarter. Other US data, the market is also expected to fall, there is a chance to bear the dollar. US APl inventories increased to 366 barrels, and it is expected that ElA stocks will also increase at night, which is expected to affect oil prices.
Today's suggestion:
EURUSD
1.1335/1.1315 support
1.1365/1.1380 resistance
The depreciation of the Turkish currency triggered fluctuations in the foreign exchange market and the euro was directly dragged down. Today, it is expected to use the UK data outlook to boost the euro. However, the market outlook still needs to be observed in case any news changes. The euro's important support against the dollar is 1.1315. If it stays above the support level, the euro may rebound after the news has faded.
GBPUSD
1.2705/1.2685 support
1.2765/1.2785 resistance
Also affected by the devaluation of the Turkish currency and emerging market currencies, the UK was dragged down. Currently I hope to use the UK data to support the pound. However, it must be noted that the emerging market currency depreciation crisis has not been removed, and European currencies remain bearish, leading to bearish pounds.
USDCHF
0.9970/0.9990 resistance
0.9930/0.9910 support
The Swiss franc is dominated by the euro. If the euro starts to settle in the future, the euro rebounds and is expected to drive the Swiss franc to follow. However, the market outlook is still not optimistic, paying attention to the downside risk of the Swiss franc.
USD/JPY
110.90/110.70 support
111.40/111.60 resistance
If the US and Nikkei indexes fall, it is expected to further push down the dollar against the yen. Paying attention to the trend of the US Dow and the Nikkei will help to grasp the direction of the dollar against the yen.
AUDUSD
0.7225/0.7205 support
0.7255/0.7275 resistance
This morning, Australia announced the consumer confidence index and the salary index, which was negative for the Australian dollar. However, if the Turkish crisis eases and the US data is not good, the Australia dollar will have a chance to rise.
NZDUSD
0.6550/0.6530 support
0.6595/0.6615 resistance
The dollar adjustment may be more NZD. If the euro rebounds, it will indirectly boost the New Zealand dollar. In addition, US data may be negative for the US dollar, and New Zealand dollar has a chance to rise.
USD/CAD
1.3035/1.3015 support
1.3105/1.3130 resistance
The strength of the dollar has caused the Canadian dollar to fall. Looking back at last week's Canadian employment report, all kinds of sub-data are more than a plus. If the dollar is adjusted, it is more favorable to the Canadian dollar. However, the 1.30 mark may see support. Because the price of oil is likely to fall, affecting the Canadian dollar.
EUR/GBP
0.8940/0.8955 resistance
0.8900/0.8890 support
In the afternoon, the British CPI is very important and may be bad for the euro against the pound. If it breaks through 0.8955, the trend may change. Technically, the euro may still fall against the pound.
EURCHF
1.1280/1.1260 support
1.1335/1.1350 resistance
The depreciation of the Turkish currency dragged down the euro and the euro fell more against the Swiss franc. Technically, the 2017 support level of 1.1260 is available as a support reference. But it must wait for the Turkish currency to stabilize, the euro rebound, and the euro can rebound against the Swiss franc.
XAUUSD
1196/1198 resistance
1190/1188 support
The US economic data is expected to slow down and bearish the dollar. Gold has the opportunity to adjust to the rise. Depending on the data, it is currently estimated that 1196 and 1198 are resistance. And 1188 is an important support.
US crude oil futures:
67.25/67.55 resistance
65.75/65.55 support
Turkey was imposed by the United States on tariffs, dragging down the economic and currency crisis. A wider trade war will only drag down oil price development. The US crude oil inventory report shows a sharp increase and oil prices have fallen. Tonight, US ElA crude oil inventories were announced, paying attention to oil price fluctuations.
BTCUSD:
6325 / 6567 resistance
6067 / 5785 support
Crypto currency seems supported. Capital inflow to crypto currencies market it could be the market worry US data tonight already. If the US data worsts than the market expectation and the dollar fall, the bitcoin may be test the suggested 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.
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]

US July retail sales data beat market expectations, core retail sales rose, to 0.6%, the previous value of 0.4%. The market expects the Fed to raise interest rates in September, and the expected opportunity rate is as high as 92%. Coupled with the currency crisis in Turkey and emerging markets, the funds have been hedged to US dollar assets, and the US dollar has remained unchanged and bearish gold.
On the other hand, the currency crisis in Turkey and emerging markets has led to financial market unease and global stock markets have fallen. The Dow fell 137 points to close. The investment sentiment was unstable, the trade war was cloudy, and crude oil prices fell, falling below $65. But Qatar has injected $15 billion into Turkey to determine the Turkish lira. At the same time, the euro has rebounded.
In the afternoon, the UK will announce retail sales in July, and the euro zone will announce the June trade account. If the data is better than expected, the pound will have a chance to rise. But whether it can be continued, we must pay attention to whether the emerging market crisis has improved. In addition, the performance of US data at night is quite important for the change of the US dollar.
Today's suggestion:

EURUSD
1.1315 / 1.1295 support
1.1355 / 1.1370 resistance
The depreciation of the Turkish currency has indirectly dragged the euro. The important support level of Europe and the United States at 1.1315 is currently stable. If it stays above the support level, the euro may rebound. The market is watching the further development of the Turkish crisis and the performance of the CPL data in the Eurozone tomorrow.

GBPUSD
1.2685 / 1.2665 support
1.2735 / 1.2750 resistance
In the afternoon, the UK retail sales data is worthy of attention. If the performance is better than expected, it is expected to boost the pound. However, it must be noted that the emerging market currency depreciation crisis has curbed the pound.

USDCHF
0.9965 / 0.9980 resistance
0.9910 / 0.9890 support
The Swiss franc continues to be dominated by the euro. The euro rebounded last night, driving the Swiss franc to rise. Technically, the US dollar remained at 0.9965 resistance against the Swiss franc, with an important support of 0.9900.

USD/JPY
110.35 / 110.15 support
110.80 / 111.00 resistance
The US and Nikkei fell last night, and the dollar fell against the yen. Note that if the US Dow and the Nikkei index rebound, the dollar is expected to follow the rise.

AUDUSD
0.7230 / 0.7215 support
0.7265 / 0.7280 resistance
Australia's unemployment rate improved in July and the Australian dollar rebounded. The Turkish crisis needs to be eased or the US data is not good. When the US dollar is negative, Australia and the United States have a chance to rise.

NZDUSD
0.6555 / 0.6545 support
0.6585 / 0.6600 resistance
The market waits for New Zealand's second-quarter production price index performance, paying attention to the development of the US dollar in the short-term, and paying attention to the results of the US employment data at night, which indirectly affects the New Zealand dollar. The important resistance of 0.6600 is worthy of attention.

USD/CAD
1.3135 / 1.3115 support
1.3175 / 1.3190 resistance
The strength of the dollar has indirectly affected the decline of the Canadian dollar. In addition, due to the fall in oil prices and the negotiation of the North American trade agreement, the short-term Canadian dollar is still bearish. The market waits for Canada to release data performance at night or affect the Canadian dollar.

EUR/GBP
0.8940 / 0.8955 resistance
0.8900 / 0.8890 support
In the afternoon, UK retail sales may improve the performance of the pound. If the pound rebounds, it may be negative for the euro against the pound. Technically, if the resistance is above 0.8955, the trend has a chance to rise. Otherwise, the downward trend continues.

EURCHF
1.1280 / 1.1260 support
1.1315 / 1.1335 resistance
Europe and the United States rebounded, the euro against the Swiss franc stopped falling, but technically, the 1.1260 support level can be used as a reference. If the euro maintains a rebound, the euro is expected to rebound against the Swiss franc.

XAUUSD
1174/1179 resistance
1160/1158 support
The US economic data performed better than expected, and the investment is expected to raise interest rates next month by the Fed, which is bad for gold, and the gold price has lost 1188 important support. Technically, the 1160 and 1158 support bits are more important. If the crisis in Turkey and emerging markets improves, Europe and the United States rebound, the dollar adjusts, gold is expected to explore the 1174 and 1179 resistance opportunities.

US crude oil futures:
65.05 / 65.65 resistance
63.75 / 63.05 support
Affected by the sharp increase in US crude oil inventories, oil prices fell. If the global trade war continues to be tense, it will drag down the price of oil. Technically, $63 is an important support for oil prices.

BTCUSD:
6325 / 6567 resistance
6067 / 5785 support
The market expected US Fed hike, since good US data last night. The dollar rise, the bitcoin can not reach recommend resistance. It seems the trend downward,maybe test support. Keep watching US data going and affect the trend.

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]

The Turkish crisis has seen new developments. The Qatar government has injected 15 billion U.S. dollars into Turkey and strengthened cooperation between the two countries. After the Turkish government injected funds into the banking system, market risk sentiment cooled, weakening the dollar's rise, and the euro and gold rebounded more obviously.
Today's important consumption data is released at 17:00 pm to announce the Eurozone July CPl, at 20:30 pm Canada July CPl and 22:00 US August University of Michigan Consumer Confidence Index. If the data wins the expected or pre-value, it is expected to boost the relevant currency.
Today's suggestion:

EURUSD
1.1355/1.1340 support
1.1425/1.1440 resistance
After the news resolved the Turkish crisis and affected the euro, the euro rebounded. If the Eurozone's CPl improved significantly in July, there is a chance to boost the euro.

GBPUSD
1.2705/1.2685 support
1.2765/1.2785 resistance
In July, UK retail sales increased sharply on a monthly and year-on-year basis, and inflation expectations rose. But don't forget that the UK has raised interest rates in early August. At least after watching the economic data in the next whole quarter, there is a chance to raise interest rates again. Therefore, the pound has little reaction. But the euro is rising, which is expected to boost the pound and help the pound will be uptrend.

USDCHF
0.9930/0.9910 support
0.9985/1.0015 resistance
The Swiss franc is dominated by the euro. If the euro starts to settle in the future, the euro rebounds and is expected to drive the Swiss franc to follow. However, the market outlook is still not optimistic, paying attention to the downside risk of the Swiss franc.

USD/JPY
110.65/110.50 support
111.15/111.35 resistance
If the US and Nikkei indexes fall, it is expected to further push down the dollar against the yen. Instead, the dollar rose against the yen. The current trend of the US Dow and the Nikkei will help to grasp the direction of the dollar against the yen.

AUDUSD
0.7285/0.7300 resistance
0.7255/0.7235 support
Australia’s unemployment rate and relevant job data in July improved, and it was bullish. In addition, the performance of the CPI data in the Eurozone in the afternoon is also very important. If the euro rebounds, it will indirectly boost the Australian dollar.

NZDUSD
0.6570/0.6550 support
0.6595/0.6615 resistance
Australian and New Zealand economic data is seems good, bullish New Zealand dollar. In addition, the performance of European data in the afternoon is also very important. If the euro rebounds, it will indirectly boost the New Zealand dollar.

USD/CAD
1.3125/1.3100 support
1.3185/1.3200 resistance
North American trade agreement, Canada has not returned to negotiations, the Canadian dollar still has downside risks. But if oil prices rebound strongly, the bullish the Canadian dollar.

EUR/GBP
0.8930/0.8905 support
0.8965/0.8985 resistance
UK job report, CPI and retail sales data growth, if the pound rebounds, it will be negative for the euro against the pound. But technically, the euro broke the 0.8965 against the pound, the trend may change, and the trend may be upward.

EURCHF
1.1310/1.1285 support
1.1365/1.1385 resistance
With the improvement of the Turkish currency crisis, the euro rebounded against the Swiss franc and rebounded. Technically, the chances of an important support level of 1.1260 are greatly reduced. If the euro rebounds further, the euro can continue to rise against the Swiss franc.

XAUUSD
1185/1188 resistance
1174/1171 support
The Turkish currency crisis improved, emerging market currencies and global stock markets rebounded, funds flowed out of dollar assets, the dollar fell, and gold rebounded. However, the fundamentals show that US inflation is rising. The market believes that the Fed’s interest rate hike will increase next month. Gold is still not attractive and gold is bearish by fundamentals. 1188 and 1192 are important resistances respectively for the gold price. If there is no breakthrough, gold is still bearish.

US crude oil futures:
65.25/65.55 resistance
63.75/63.35 support
The Turkish crisis has eased, but there are many uncertainties in the United States' sanctions against different countries, affecting the economy and production, dragging down oil demand, and whether oil prices can continue to rise. Currently paying attention to the important support of $63 and the important resistance of $66.

BTCUSD:
6425/ 6567 resistance
6170 / 6070 support
The market keeps expected bathe US fed hike in coming next month. It seems negative for the demand and interest in crypto currencies. If the recommend resistance could not breakthrough, the trend will keep downward.

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]

Last week, the US government said that it would reopen trade talks and invite Chinese Vice Foreign Minister Wang Shouwen and his delegation to visit the United States. The two countries plan to hold trade ministerial-level trade consultations this month. The offshore renminbi has fallen back from the near 6.96 mark. China's stock market and China's A50 index rebounded.

Internationally, the Turkish crisis has witnessed new developments. The Qatar government has injected 15 billion U.S. dollars into Turkey and strengthened cooperation between the two countries. After the Turkish government injected funds into the banking system, the financial market stabilized and weakened the dollar. The dollar fell to the 96 side, and the euro and gold rebounded. It also represents the cooling of the financial market risk sentiment, and the focus shifts to economic development and performance comparison between countries.

This week's important economic data is mainly concentrated in Europe and other countries. The most important data in the United States is mainly the US existing home sales in July, durable goods orders and the number of initial jobless claims last week. Today's attention to the data is the German July PPI, the Eurozone construction output in June and the Canadian National Economic Confidence Index. Under the adjustment of the US dollar, bullish European currency and gold price. But we must pay attention to the risks of the market and international relations, in case the dollar rebounds again.

Today's suggestion:

EURUSD
1.1415/1.1395 support
1.1465/1.1480 resistance
The data to be noted today are the German PPI in July and the construction output in the Eurozone in June. As long as the data is not unsatisfactory, maintain a bullish euro and look forward to 1.1480 resistance. But we must pay attention to the risks of the market and international relations, in case the dollar rebounds again to curb the euro's gains.

GBPUSD
1.2705/1.2685 support
1.2785/1.2805 resistance
The UK's recent data growth is ideal and inflation expectations are heating up. But don't forget, since the UK raised interest rates in early August. The central bank must observe the performance of economic data in at least one season before it has the opportunity to raise interest rates again. Therefore, the trend of the pound is still affected by the development of the Brexit. But if the dollar falls and the euro rises, it will hopefully boost the pound.

USDCHF
0.9910/0.9880 support
0.9955/0.9980 resistance
The Swiss franc is dominated by the euro. If the euro starts to settle in the future, the euro rebounds and is expected to drive the Swiss franc to follow. The Swiss franc in the market is still not optimistic, but still pay attention to the downside risk of the Swiss franc.

USD/JPY
110.35/110.20 support
111.15/111.35 resistance
If the US and Nikkei indexes fall, the dollar will be further pushed down against the yen. Instead, the dollar rose against the yen. The current trend of the US Dow and the Nikkei will help to grasp the direction of the dollar against the yen.

AUDUSD
0.7280/0.7270 support
0.7325/0.7340 resistance
Earlier, Australia’s unemployment rate and employment in July improved, and the Australian dollar was bullish. In addition, the Turkish crisis eased and the euro rose, indirectly boosting the Australian dollar.

NZDUSD
0.6570/0.6550 support
0.6595/0.6615 resistance
Recent economic data from Australia and New Zealand have been well established, with the bullish New Zealand dollar. In addition, the euro rebounded, indirectly boosting the New Zealand dollar. New Zealand announced important data this week and the market is watching.

USD/CAD
1.3025/1.3000 support
1.3085/1.3100 resistance
North American trade agreement, Canada has not returned to negotiations, the Canadian dollar still has downside risks. But if oil prices rebound strongly, the bullish dollar.

EUR/GBP
0.8940/0.8925 support
0.8985/0.9000 resistance
UK employment report, CPI and retail sales data growth, if the pound rebounds, it will be negative for the euro against the pound. But technically, the euro broke the 0.8965 against the pound, the trend may change, and the trend may be upward.

EURCHF
1.1360/1.1345 support
1.1395/1.1405 resistance
With the improvement of the Turkish currency crisis, the euro rebounded against the Swiss franc and rebounded. Technically, the chances of an important support level of 1.1260 are greatly reduced. If the euro rebounds further, the euro can continue to rise against the Swiss franc.

XAUUSD
1188/1192 resistance
1178/1175 support
The Turkish currency crisis improved, emerging market currencies and global stock markets rebounded, funds flowed out of dollar assets, the dollar fell, and gold rebounded. However, the fundamentals show that US inflation is rising. The market believes that the Fed’s interest rate hike will increase next month. Gold is still not attractive and gold is under pressure. Gold 1188 and 1192 are important resistances respectively. If there is no breakthrough, gold is bearish.

US crude oil futures:
66.25/66.55 resistance
64.75/64.35 support
The Turkish crisis has eased, but there are many uncertainties in the United States' sanctions against different countries, affecting the economy and production, dragging down oil demand, and whether oil prices can continue to rise. Attention is currently focused on maintaining important support within $63 and significant resistance above $66.

BTCUSD:
6625/ 6867 resistance
6270 / 6070 support
The market keeps expected bathe US fed hike in coming next month. It seems negative for the demand and interest in crypto currencies. If the recommend 6867 resistance could not breakthrough, the trend will keep downward.

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]

ATFX ACCELERATES GROWTH
WITH NEW OFFICE LAUNCH IN THAILAND

Fifth office launched since its entry into Southeast Asia in 2017

Bangkok – 19th August 2018 – ATFX, a leading online trading services provider, today announced the launch of a new office in Bangkok, Thailand.

ATFX looks to continue to accommodate rapid growth, having already opened offices since entering Southeast Asia in 2017 in the Philippines, Taiwan, Thailand, and two in Malaysia in Johor Bahru and Kuala Lumpur.

ATFX Thailand office provides trading education and consultation services to traders and IBs in Thailand. Strategically located in the business hub of Bangkok, this allows optimal access for clients, IBs, associates and partners.

“Thailand is one of the most vibrant countries in Southeast Asia. It is a country that offers many advantages as a trading destination and is backed by sound economic fundamentals with promising prospects,” said Mr. Arthiphant Thongchandr, General Manager, ATFX (Thailand). “The goal at ATFX Thailand is to help traders who are entering the Thailand market in succeeding.”

As part of its Thai office launch, ATFX held a seminar, “ATFX Global Talk” and a dinner attended by 150 retail traders and IBs in Thailand. Key speakers at the seminar included Joe Patipat, who is a famous trainer in the Thai forex industry, he has over close to 20 years experiences in forex and stock market and Martin Lam, Chief Analyst of ATFX for the Asia Pacific region. Notable attendees at the grand opening included the new office’s Mr. Arthiphant Thongchandr, General Manager of ATFX (Thailand), Mr. Jeff Hsu, Managing Director of ATFX (Southeast Asia), Jeffrey Siu, COO of ATFX and the captioned speakers of the seminar.

Remarks: All trading involves risk, losses can exceed your deposits.

Legal: AT Global Markets Limited (ATGM, registration number 224226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines.

 

[Kelly Yeung]

On Monday, the United States began to impose additional high tariffs on Chinese imports of agricultural products. The next step would be to involve an additional high tariff of 200 billion US dollars for Chinese exports to the United States. The US government launched a public consultation to suspend the market tension.
This week, China and the United States resumed economic and trade talks with deputy ministers to ease the Sino-US trade climate, global stock markets rebounded, the dollar adjusted, and the dollar fell against major currencies. The minutes of the Fed meeting on Wednesday and the annual meeting of the Global Bank on Friday. The market generally pays attention to the development of the Fed's monetary policy and grasps the attitude of hawks or doves. The market generally expects that the Fed will raise interest rates by 92% next month. Once the Fed is determined to take the position, grasp the trend of the US dollar to the Fed's decision on interest rates as the general direction.
There are no important economic data today, UK and Canadian data can be used as a reference. The most important thing to note is the impact of changes in the Turkish incident on the dollar.
Today's suggestion:
EURUSD
1.1530/1.1545 resistance
1.1455/1.1440 support
The European data is in line with market expectations, with a bullish euro, a resistance of 1.1480 in Europe and the United States, and a breakthrough. But the Turkish incident is still likely to hinder the euro's gains, this week, Federal Reserve Chairman Powell speaks. If the US dollar reappears strongly, the recent trend in Europe and the United States may reverse.
GBPUSD
1.2845/1.2865 resistance
1.2775/1.2755 support
After the UK raised interest rates in early August, the Bank of England needs to observe the performance of the third quarter economic data and then consider the future monetary policy orientation. The current interest rate hike is low and the trend is weak. But it seems that in recent days, the dollar has fallen and the euro has risen, boosting the pound. Therefore, the trend of short-term pounds and the United States, more reference to the euro, followed by the UK economic data. When trading, beware of the possible decline in the trend of the pound, and strictly control the risk.
USDCHF
0.9870/0.9855 support
0.9935/0.9950 resistance
Recently, the Swiss franc is dominated by the euro. If the euro rebounds, the Swiss franc will follow. Recently, the euro and the Swiss franc have risen simultaneously, and it is believed that the market will maintain the currency of the two countries in sync. The stronger the chances of the Fed raising interest rates next month, the more attention must be paid to the downside risks of the euro and the Swiss franc.
USD/JPY
109.75/109.55 support
110.35/110.55 resistance
The dollar was adjusted and the dollar fell against the yen. However, the current trend of the US Dow and the Nikkei continues to rise, and the upward trend of the dollar against the yen is expected to occur.
AUDUSD
0.7355/0.7370 resistance
0.7310/0.7290 support
Earlier, Australia’s unemployment rate and employment in July improved, and the Australian dollar was bullish. In addition, the Turkish crisis eased and the euro rose, indirectly boosting the Australian dollar. At present, the Australian dollar will have an opportunity to adjust against the US dollar. The main Australian dollar against the US dollar may reverse its trend and strictly control risks.
NZDUSD
0.6665/0.6685 resistance
0.6620/0.6600 support
Recent economic data from Australia and New Zealand have been well established, bullish the New Zealand dollar. In addition, the euro rebounded, indirectly boosting the New Zealand dollar. New Zealand announced important data this week, and the market is watching the performance of retail sales data announced tomorrow.
USD/CAD
1.3025/1.3000 support
1.3065/1.3080 resistance
North American trade agreement, Canada has not returned to negotiations, the Canadian dollar still has downside risks. But if oil prices rebound strongly, bullish the dollar. Short-term attention to the ups and downs from 1.30 to 1.31. 1.2960 is a very important support.
EUR/GBP
0.9000/0.9020 resistance
0.8970/0.8965 support
The euro is stronger than the pound and the euro is rising against the pound. Technically, the euro broke the 0.8965 against the pound, the trend has changed, and the trend may be upward. At present, we are paying attention to the next resistance target of 0.9020, but we must pay attention to reversing the risk.
EURCHF
1.1360/1.1345 support
1.1395/1.1405 resistance
With the improvement of the Turkish currency crisis, the euro rebounded against the Swiss franc and rebounded. Technically, 1.1405 is the initial resistance. If the euro rebounds further, the euro can continue to rise against the Swiss franc, but care must be taken to reverse the risk.
XAUUSD
1198/1200 resistance
1190/1188 support
The important resistance of gold 1188 and 1192 broke through, and the trend was bullish. But this week's Fed meeting minutes and the annual meeting of global bankers. If the Fed raises interest rates as the market expects to continue, gold may have a negative trend. Keep watching US1200 important resistance.
US crude oil futures:
66.25/66.55 resistance
64.75/64.35 support
The Turkish crisis has eased, but the United States has imposed sanctions on different countries, affecting the economy and production, dragging down oil demand, and whether oil prices can continue to rise. There are many uncertainties in the crude oil market. Attention is currently focused on maintaining important support within $63 and significant resistance above $66.
BTCUSD:
6625/ 6867 resistance
6170 / 5970 support
The market keeps expected bathe US fed hike in coming next month. It seems negative for the demand and interest in crypto currencies. Also, many restrictions for crypto currencies trading because the government cannot control and identity user, against money laundering and money control. If the restrictions cannot release and solved, the crypto currencies trend will face downward.
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]

Steven Woodcock, a market professional for over 30 years who has held senior positions in prominent financial companies, is set to join ATFX’s (UK) senior management team as the Head of Risk Management. His previous role was Head of Trading and Risk at TeraFX, where his responsibilities included managing flow exposure for FX, bullion, indices, and energy. Responsible for a team of five, Mr. Woodcock is no stranger to managing teams, especially in the realm of FX and risk.

His role within the company will involve overseeing the company’s risk and ensuring it is in line with the Board of Director’s appetite. A leading online global trading company, AT Global Markets, was set up in 2015 and is regulated by the FCA. In terms of ATFX’s UK leadership, Mr. Woodcock is set to join its CEO, Richard Craddock, who is the former Chief Trader at MF Global to oversee and advice on matters of finance, compliance, and governance.

Mr. Richard Craddock, CEO of ATFX (UK) believes that Steven’s knowledge and experience in the Europe region will be crucial to tailoring the company’s service offering in Europe and hence expand the company’s impact in the region.

Prior to working with TeraFX, Mr. Woodcock was the Head of Trading and Risk at Tradenext in the UK, Senior FX Analyst at PlutusFX, and Senior FX Dealer at Broadgate Mercury. Having started with Rouse Woodstock, a large and well-respected commodity house at the forefront of EFP market-making, he quickly became the largest FX profit maker over a sustained period of time.

Mr. Woodcock is a weekly contributor to CoreTV (formerly TipTV) and has appeared on IGTV with market commentary and views. ATFX looks forward to him joining the financial brokerage.

“88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.”

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]

Former US President Trump's former private lawyer, Michael Cohen, appeared in Manhattan, New York, acknowledging violations of election finance laws, fraud and other eight charges. Affected by the news, the road fell about 120 points or 0.5%. On the two-day Dow, the Dow rose and was completely digested. Some analysts believe that after Cohen pleaded guilty, he may provide more information to Robert Mueller, the special prosecutor in charge of the investigation of the "Russian Gate", to make Trump face greater legal risks. Even triggering more international diplomatic relations, affecting the national support rate for Trump himself and his party, is not good for the mid-term election of the US president in November. Short-term bearish dollar sentiment. How the event ultimately ferments, affecting American prestige, stock market and currency. I believe that in the afternoon, the European and American cities have their own trading hours. But keep in mind that this is a short-term factor, and the actual situation is determined by economic data and monetary policy orientation.
There are no important economic data today, and US and Canadian data can be used as a reference. Canada’s inflation data was strong last week, and Canada’s June retail sales data will be watched tonight. In addition, tomorrow morning is the record of the Fed's FOMC monetary policy meeting and the record of the monetary policy meeting of the European history bank tomorrow evening. These two important events cannot be ignored.

Today's suggestion:
EURUSD
1.1595/1.1620 resistance
1.1545/1.1530 support
Tomorrow morning, the Fed’s FOMC monetary policy meeting record, monetary policy, if it is established to raise interest rates, is good for the dollar, bad for the euro. Only in the short-term, influenced by the prestige of the US president, the dollar fell and the euro rose. If the European market does not see any impact, the euro has the opportunity to adjust the decline.

GBPUSD
1.2925/1.2945 resistance
1.2865/1.2850 support
After the UK raised interest rates in early August, the Bank of England needs to observe the performance of the third quarter economic data and then consider the future monetary policy orientation. The current interest rate hike is low and the trend is weak. The dollar has fallen recently and the euro has risen, boosting the pound. Therefore, the trend of short-term pounds and the United States, more reference to the euro, it is therefore possible to guard against the decline in the trend of Europe and the United States and the pound, and strictly control risks.

USDCHF
0.9830/0.9815 support
0.9885/0.9910 resistance
Recently, the Swiss franc is dominated by the euro. If the euro rebounds, the Swiss franc will follow. Recently, the euro and the Swiss franc have risen simultaneously, and it is believed that the market will maintain the currency of the two countries in sync. The stronger the chances of the Fed raising interest rates next month, the more attention must be paid to the downside risks of the euro and the Swiss franc. If the Fed’s monetary policy meeting record shows a larger hawkish stance and supports the proportion of rate hike officials, the Swiss franc may fall.

USD/JPY
109.90/109.75 support
110.40/110.65 resistance
The dollar was adjusted and the dollar fell against the yen. However, the current US Dow and Nikkei indices continue to rise, and the dollar is expected to reappear against the yen. It is recommended to be below 110 and be careful to pursue the risk.

AUDUSD
0.7365/0.7380 resistance
0.7320/0.7300 support
Australian data continues to improve, with a bullish Australian dollar. At present, the Australian dollar will have an opportunity to adjust against the US dollar. The main Australian dollar against the US dollar may reverse its trend and strictly control risks. Because if the Fed's monetary policy meeting record shows a larger hawkish stance and supports the proportion of rate hike officials, the Australian dollar may fall.

NZDUSD
0.6720/0.6735 resistance
0.6680/0.6660 support
New Zealand's second quarter retail sales grew sharply quarter-to-quarter. From 0.1% in the previous quarter to 1.1%, up 3.1% year-on-year, boosting the New Zealand dollar. On Friday, New Zealand will announce the trade account. Before the market is watching, the New Zealand dollar may be adjusted.

USD/CAD
1.3025/1.3000 support
1.3065/1.3080 resistance
North American trade agreement, Canada has not returned to negotiations, the Canadian dollar still has downside risks. However, the reduction in crude oil inventories and the rebound in oil prices have led to a bullish Canadian dollar. Short-term technical, pay attention to the ups and downs from 1.30 to 1.31.

EUR/GBP
0.9000/0.9020 resistance
0.8960/0.8945 support
The euro is stronger than the pound and the euro is rising against the pound. Technically, EUR/GBP broke the 0.8965, the trend has changed, and the trend may be upward. At present, we are paying attention to the next resistance target of 0.9020, but we must pay attention to the risk of reversal before the resistance,0.90.

EURCHF
1.1360/1.1345 support
1.1395/1.1405 resistance
With the improvement of the Turkish currency crisis, the euro rebounded against the Swiss franc and rebounded. Technically, 1.1405 is the initial resistance. If the euro rebounds further, the euro can continue to rise against the Swiss franc, but it must be noted that there is a risk of reversal before 1.14 resistance.

XAUUSD
1198/1200 resistance
1192/1190 support
The important resistance of XAUUSD 1188 and 1192, broke through. But this week's Fed meeting minutes and the annual meeting of global bankers. If the Fed raises interest rates as the market expects to continue, gold may have a negative trend.

US crude oil futures:
66.25/66.55 resistance
64.75/64.35 support
Crude oil inventories have decreased, oil prices have rebounded, and there are many uncertainties in the crude oil market. The amount of US ElA crude oil inventories tonight is also one of the factors affecting oil price performance. The current focus is on maintaining $64 support and important resistance above $66.

BTCUSD:
6867 / 7080 resistance
6370 / 6070 support
The market keeps expected bathe US fed hike in coming next month. It seems negative for the demand and interest in crypto currencies. Also, many restrictions for crypto currencies trading because the government cannot control and identity users, against money laundering and forex control. If the restrictions cannot solved, at the end the crypto currencies trend will face downward. However, Former US President Trump's former private lawyer, Michael Cohen, appeared in Manhattan, New York, acknowledging violations of election finance laws, fraud and other eight charges. Affected by the news, the road fell about 120 points or 0.5%. The bitcoin hit recommended resistance, but technically, the bitcoin could downward.

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.