ATFX Press Releases - 2018

[Kelly Yeung]

Personal opinions today:
Investors' confidence in the Eurozone continued to fall in October. Although German industrial output improved, it still contracted. The performance of the euro against the US dollar remained sluggish, below 1.1500. The pound was once dragged down by the fall of the euro, falling short of support at 1.3050. It was once low And hit the wave 50%, 1.3028. It was finally expected to be well-received by the Brexit. The pound rebounded against the US dollar and approached the 1.31.

The overall performance of the US Dow was still weak and the trend was down. Asian stock markets generally fell. The Nikkei index has been declining from the high level in early October, and the dollar has fallen against the yen. It fell below the 113 mark last night. The market is watching, US Treasury bond yields hit record high in 7 year and the funds will withdraw by any central bank. The short-term dollar may start to fall.

Tomorrow and Thursday, the United States announced the relevant inflation data such as the September production price index and the consumer price index respectively. In addition, the market expectation that US interest rates and government bond yields will reach short-term highs will affect the inflation slowdown.

Today's suggestion:
EURUSD
1.1515/1.1535 resistance
1.1465/1.1450 support
The market continues to care about the emerging market currency and economic confidence in Europe, but the current US Treasury yields are rising, short-term US dollar funds may be adjusted, and there is an opportunity to drive the euro to rebound. The market is waiting to see the performance of US inflation data this week. If the inflation data slows down and the dollar falls, it will organically rebound. Short-term technical position, the euro against the dollar focused on 1.1465 important support, short-term resistance above the resistance of 1.1535.

GBPUSD
1.3105/1.3125 resistance
1.3045/1.3030 support
The euro fell yesterday, while the impact of the pound fell below the 1.3080 and 1.3065 short-term important support range. If it falls, Pound will try the 1.30. Fortunately, market rumors, the Brexit negotiations are expected to reach a bilateral trade agreement between the EU summit before the end of the month, and finally boost the pound. It is currently estimated that the fundamentals still support the pound, but before the US inflation data is released, there is still a chance to overwhelm the pound under the strong dollar, and it is recommended to be cautious when trading.

USDCHF
0.9950/0.9970 resistance
0.9885/0.9865 support
Switzerland's unemployment rate improved in September, but remained weak in the euro, indirectly suppressing the Swiss franc, and did not help rebound. Because the Swiss National Bank intends to cancel the bank customer data protection law, Swiss banks will lose tax havens, causing local client funds to flow out, causing the Swiss franc to fall. Technically, the resistance of the US dollar against the Swiss francs of 0.9950 and 0.9970 can still be guaranteed, and the US dollar has an opportunity to adjust against the Swiss franc. However, the overall trend still needs to pay attention to the euro-dollar change. If the US and Europe rise, it will help the dollar fall against the Swiss franc. In the short-term, the market is still optimistic about the inflation data released by the US this week to curb the Swiss franc.

USD/JPY
113.35/113.50 resistance
112.65/112.50 support
The Nikkei index continued to fall, the Japanese trade account deficit widened sharply, and the stock market was affected, which became a depreciation of the dollar against the yen. In addition, after the quarterly settlement in Japan, funds returned to Japan, accelerating the rise of the yen. Moreover, the US government is targeting Japan's trade deficit with the United States and intends to suppress Japan. It is rumored that the Bank of Japan's reduction of US Treasury bonds may trigger a new round of strong yen, and the mid-term USD/JPY trend has the opportunity to test 111 levels.

AUDUSD
0.7090/0.7110 resistance
0.7065/0.7040 support
The recent Australian economic indicators data is not good, Australia consumer confidence index also fell, but the Australian dollar rebounded after the news. Technically, the Australian dollar maintained a resistance of 0.7090 against the US dollar. If the resistance is broken, the trend of the AUD is expected to improve.

NZDUSD
0.6435/0.6420 support
0.6465/0.6480 resistance
Australia's economic data is poor, the Australian dollar fell, indirectly affecting the New Zealand dollar. However, after the results of the bad data were released, the market waited for the US inflation data for the next few days, and the New Zealand dollar gradually rose. Technically, the New Zealand dollar trend reference resistance is 0.6465 and 0.6480.

USD/CAD
1.2980/1.3000 resistance
1.2945/1.2925 support
Oil prices fell in the early part of last night, and the dollar tested 1.30 against the Canadian dollar. But oil prices rebounded from $73, boosting the Canadian dollar. In addition, last week Canada announced a significant improvement in the job market report and trade accounts, which has been positive for the Canadian dollar. If oil prices keep rising, the US dollar has a chance to test 1.2925 support against the Canadian dollar.

EUR/GBP
0.8790/0.8805 resistance
0.8760/0.8745 support
The European negotiations are progressing well, boosting the pound, the pound is strong, and the euro continues to fall against the pound. If there is good news in euro zone, or bad news in the UK, it will boost the euro against the pound, otherwise the euro will continue to decline against the pound.

EURCHF
1.1420/1.1435 resistance
1.1380/1.1375 support
Technically, the euro continued to adjust to the downside against the Swiss franc. Fundamentally, the euro is weaker than the Swiss franc. If the euro has a chance to rise against the dollar, the Swiss franc will stand still against the dollar and the euro will have a chance to rise against the Swiss franc.

XAUUSD
1187/1185 support
1195/1197 resistance
US Treasury yields continue to rise, and funds flow to US debt, which increases the opportunity cost of holding gold. In addition, the Fed’s hawkish remarks have caused the market to worry about US inflation data this week. It is expected that the Fed’s interest rate hike will drop sharply and fall to 1184 to find support. Before the market waits for US inflation data, gold curbs the increase, and it is expected that it will be difficult to recover the $1,200 mark in the short term.

US crude oil futures:
74.80/75.15 resistance
73.45/73.05 support
Saudi Arabian Lafa said that it will increase the supply of crude oil and increase production next month. The market is worried that other organizations will follow, so that the oil price has been adjusted to 73 US dollars. Last night, Russia and other members of OPEC indicated that they did not intend to increase production. Also other analysts believe that this year oil prices are expected to challenge $100 and boost oil prices. Note that the US announced crude oil inventories tomorrow, and it is recommended to pay attention to oil price fluctuations.

BTCUSD:
6700 / 6850 resistance
6330 /6260 support
US 10 year treasury bond yield hit 7 year record high, it could be money inflow to bond rather than cryptocurrency. Cryptocurrency investment have a downside risk. Now, the bitcoin maintain 6500 and observe the performance of the US CPI this week.

Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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 opinions today:
In the Brexit negotiations, the Irish border trade agreement made progress, boosting the pound, and the pound was 1.31. At the same time, the bullish euro, EURUSD rose and hit the 1.15 mark. However, the market is still concerned about the results of US inflation data. The yield of US Treasury bonds is still high, and the US dollar is supported to curb the rise of the euro and the pound. At the same time, the US dollar continued to be high, and the US dollar against other major currencies also curbed the increase.

Similarly, the US Treasury bond yields was high, the US Dow is still weak, and the trend is maintaining downward. Asian stock markets are generally following the trend. The Nikkei index continued its downward trend, and the US dollar remained at 113 mark against the yen. The overall development of USDJPY is still downward.

Tonight and tomorrow night, the United States announced the September production price index and consumer price index and other related inflation data, US Treasury yields reached short-term highs, gold prices and crude oil prices, the rise was blocked.

Today's suggestion:
EURUSD
1.1535/1.1550 resistance
1.1465/1.1450 support
Although the Brexit negotiations are progressing well, it will help boost the euro. However, the market is watching the performance of US inflation data. That inflation expectations are heating up, and it is difficult for the euro to break through the resistance. But the market sentiment has changed. If the US inflation data shows signs of slowing down, the dollar will fall, which will cause the euro to rebound. In the short-term technical position, the euro is concerned with one of the important support of 1.1450 against the US dollar, with a short-term resistance of 1.1535.

GBPUSD
1.3175/1.3200 resistance
1.3095/1.3080 support
Market rumors, the Brexit negotiations are expected to reach a bilateral trade agreement between the EU summit before the end of the month, market optimism boosts the pound. It is currently estimated that the Brexit negotiations are optimistic, and the fundamentals support the rise of the pound. However, before the US inflation data is released, under the strong dollar, there is still a chance to curb the pound, and it is recommended to be cautious when trading. Special attention to the 1.3175 and 1.3200 resistance levels.

USDCHF
0.9935/0.9950 resistance
0.9885/0.9865 support
Earlier, the euro remained weak and indirectly curbed the Swiss franc. Switzerland’s unemployment rate improved in September and the CHF did not rebound. However, the US dollar against the Swiss franc has been below the resistance of 0.9950 and 0.9970, the euro rebounded yesterday, the dollar fell against the Swiss franc. Overall trend still needs to pay attention to the euro-dollar change, because the market is eager to see the inflation data released by the US this week, which may curb the euro's rise, but also to curb the Swiss franc. If EURUSD have a chance to rise further, it will help the dollar fall against the Swiss franc.

USD/JPY
113.25/113.40 resistance
112.65/112.50 support
The Nikkei index continued to fall, becoming one of the important factors for the dollar to fall against the yen. In addition, after the quarterly settlement in Japan, the return of funds to Japan will help the yen rise. Moreover, the US government is aiming to suppress Japan's trade and tighten the deficit in response to Japan's trade deficit with the United States. There are rumors that the Bank of Japan continues to reduce its holdings of US Treasury bonds, which may trigger a new round of strong yen. In the medium-term goal, the USD/JPY trend has the opportunity to test the 111 level.

AUDUSD
0.7145/0.7160 resistance
0.7090/0.7075 support
The recent Australian economic indicators data is not good, Australia September consumer confidence index also fell, but the US dollar adjusted on the eve of the US inflation data release, the commodity copper price rose, and the Australian dollar. Technically, the Australian dollar broke the resistance of 0.7090 against the US dollar, which will help improve the trend of AUDUSD. However, it must be noted that before the release of US inflation data, the US dollar is strong, or it can curb the rise of the Australian dollar.

NZDUSD
0.6530/0.6550 resistance
0.6475/0.6460 support
The Australian dollar rose, the New Zealand dollar followed the pace of rising, initially challenging 6480 resistance. The market waits for US inflation data, the US dollar adjusts, and the short-term New Zealand dollar benefits. Technically, the New Zealand dollar trend is based on another resistance of 0.6520 and 0.6535.

USD/CAD
1.2950/1.2965 resistance
1.2905/1.2885 support
The oil price rebounded from $73 and remained strong in the short term, with a bullish Canadian dollar. Remember that the Canadian job market report and trade accounts improved significantly last week, and the fundamentals were positive for the Canadian dollar. If the dollar is weaker or the oil price rises further, the dollar will have the opportunity to test the 1.2905 and 1.2885 support.

EUR/GBP
0.8770/0.8785 resistance
0.8730/0.8715 support
The Brexit negotiations are progressing well, boosting the pound again, the pound is strong, and the euro continues to fall against the pound. If there is good news in the Eurozone, or if there is a bad situation in the UK, it will boost the EUR/GBP, otherwise the EUR/GBP trend will continue to decline.

EURCHF
1.1420/1.1435 resistance
1.1380/1.1375 support
Technically, the euro continued to adjust to the downside against the Swiss franc. Fundamentally, the euro is weaker than the Swiss franc. If the euro has a chance to rise against the dollar, the Swiss franc will stand still against the dollar and the euro will have a chance to rise against the Swiss franc.

XAUUSD
1186/1184 support
1193/1195 resistance
US Treasury yields continued to rise, funds flowed to US Treasury bonds, gold was downward, and could not break the resistance. The market is looking at US inflation data and expects the Fed to maintain a rate hike. Before the market waits for US inflation data, it is believed that gold could not go further up. The important resistance as 1,200 US dollars in middle term.

US crude oil futures:
75.35/75.70 resistance
74.05/73.75 support
The fundamentals are bullish on oil prices, supporting the rise in oil prices. Note that the United States announced the amount of crude oil inventories, it maybe affecting oil price changes in next few days. It is recommended to pay attention to crude oil inventory data to aware the oil prices fluctuate. If inventories increase significantly, oil prices are expected to be further supported and are expected to test $75 resistance or maybe close to $76.

BTCUSD:
6700 / 6850 resistance
6330 /6260 support
US 10 year treasury bond yield hit 7 year record high, capital funds transfer a lot to bond . Cryptocurrency have a downside risk. Now, the bitcoin maintain 6500. The market observe the performance of the US CPI tomorrow, the bitcoin keep downward.
Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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 (UK), a global leading online trading service provider, will be launching a new education section that features a wide range of educational resources including webinars, market commentary articles & videos, weekly market reviews, ebooks and seminars.

The webinars are designed to demonstrate the functionality of its platform and trading strategies in general, enlightening traders in the process. They aim to cater to different types of traders, be they beginners or experts. Of particular note is a live webinar, which will aim to ensure that all customers have immediate access for any queries or comments.

Highly experienced speakers will be conducting live educational courses. The webinars aim to provide clients with the knowledge, skills and tools they need to improve their financial decision-making and kick-start their trading journey. Webinars are jam packed with useful information and insights for traders of all abilities, whether you are a new or seasoned trader.

ATFX’s education section also provides in-depth fundamental and technical analysis market commentary articles and videos, enabling clients to gather valuable market information and better understand the types of economic indicators to look for.

In line with ATFX (UK)’s plans to continue its principled commitment of educating its traders, the free and exclusive sessions will teach participants about a range of trading options, and how to go about putting that knowledge into practice.

Mr. Richard Craddock, the CEO of said “Education is the cornerstone of the ATFX mentality, whether that comes from helping our staff become better qualified or giving our clients access to the best training facilities available. ATFX hopes to engage as many traders as possible in our training programs in order to give them the best understanding of the markets and industry. We want to arm each and every trader with every advantage we can to give them the best chance of success.”

“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]

Personal opinions today:
The market worried that the Sino-US trade war is heating up, the US government Treasury Department restricts foreign investment in US investment, and many measures may directly target China. Also, the US government once again pointed out that China is a currency manipulator, and the market is more worried about the deterioration of relations between the two countries. In addition, in November, the US presidential midterm election was approaching. The market worried about political changes. The funds were transferred from the stock market to the bond market. The US Dow fell over 800 points. The funds turned to the bond market and the US bond yields rose.


Global stock markets were dragged down, and the Nikkei index also fell over 800 points. Global stock markets and the Nikkei index fell, indirectly negative dollar against the yen, boosting gold. The fall in the dollar will help the flow of funds to the European currency. However, the Sino-US trade is heating up, affecting the Chinese economy, offshore renminbi, Australian dollar and New Zealand dollar respectively. Finally, due to uncertain economic prospects and a sharp increase in US crude oil inventories, crude oil prices fell from US$74 to US$72, and the technical trend fell below US$73.


Market worries are Sino-US heating up, and US Treasury yields have risen to short-term highs. The market is waiting the performance of the US consumer price index and the number of US initial jobless claims tonight. At present, the US dollar is looking stronger. If the consumer price index is rising. The jobless claims will decrease, which will trigger the Fed to raise interest rates, but it will also affect the economic growth prospects and worry about the loss of corporate profits. Capital flows into the bond market, capital liquidity is reduced, and the stock market is more difficult to rebound. The dollar is less optimistic, and European currencies and gold prices are likely to bullish.


Today's suggestion:
EURUSD

1.1545/1.1560 resistance

1.1495/1.1480 support

The Brexit negotiations are progressing well, and worries are cooling down, which will help boost the euro. The market is also waiting to see the performance of US inflation data, believing that inflation expectations are heating up and curbing the euro's rise. If the US consumer price index only meets market expectations, there is a chance to bearish the dollar and make the euro rebound.


GBPUSD

1.3250/1.3270 resistance

1.3175/1.3155 support

GBPUSD broke the 1.3175 and 1.3200 resistance levels respectively last night, falling below the US stock market and worrying that the US presidential midterm election is approaching. More importantly, the market believes that the Brexit negotiations are expected to receive EU support through the Irish border trade agreement to ease the UK's strong Brexit risk. If the dollar continues to weaken, it will help boost the pound. But pay attention to the impact of important data on the US consumer price index tonight, making the pounds fluctuate.


USDCHF

0.9915/0.9930 resistance

0.9855/0.9835 support

The dollar fell and the euro rose, indirectly boosting the Swiss franc. If the euro continues to rise against the dollar, the Lido Swiss Franc. But pay attention to the impact of important data on the US consumer price index tonight, the dollar fluctuated against the Swiss franc.


USD/JPY

112.35/112.55 resistance

111.85/111.65 support

The Nikkei index continued to fall. It was down by the US Dow last night and became one of the important factors for the dollar to fall against the yen. In addition, after the quarterly settlement in Japan, the return of funds to Japan will help the yen rise. At present, if the global stock market continues to fall, the USD/JPY trend has the opportunity to test the 111 level.


AUDUSD

0.7085/0.7205 resistance

0.7050/0.7035 support

The recent Australian economic indicators are not good, the Australian consumer confidence index fell, and the Australian dollar was negative. With the tight trade relations between China and the United States, the market is worried about affecting Sino-Australian trade and the economy is damaged. And most importantly, before the important data of the US consumer price index tonight, the Australian dollar was downward. If the US data does not increase, it is expected to boost the Australian dollar.


NZDUSD

0.6475/0.6490 resistance

0.6445/0.6430 support

The recent economic indicators of Australia are not good, the economic prospects of Australia and New Zealand are uncertain, and the Australian dollar is negative. With Sino-US trade tensions, the market is worried about the impact of Sino-Australian trade, economic damage, and dragging down the New Zealand economy. Technically, the trend of the New Zealand dollar against the US dollar is also unclear with the trend of the Australian dollar against the US dollar, paying attention to downside risks. But before the important data of the US consumer price index tonight, the New Zealand dollar was downward risk. If the US data does not show an increase, it is expected to boost the New Zealand dollar.


USD/CAD

1.2950/1.2965 resistance

1.2905/1.2885 support

Falling oil prices hurt Canadian crude oil export earnings, causing the Canadian dollar to fall. In addition, the US crude oil inventories increased sharply, the oil price trend was unclear, and the US dollar rose to 1.30 against the Canadian dollar. At present, we are still waiting to see the impact of important data on the US consumer price index tonight, and the US dollar is volatile against the Canadian dollar.


EUR/GBP

0.8745/0.8765 resistance

0.8715/0.8695 support

The Brexit negotiations are progressing well, boosting the pound again, and the pound is strong, making the euro continue to fall against the pound. If there is good news in the Eurozone, or if there is a bad situation in the UK, it will boost the EUR/GBP, otherwise the EUR/GBP trend will continue to decline.


EURCHF

1.1420/1.1435 resistance

1.1380/1.1375 support

Technically, the euro continued to adjust to the downside against the Swiss franc. Fundamentally, the euro is weaker than the Swiss franc. If the euro has a chance to rise against the dollar, the Swiss franc has a limited increase and the euro has a chance to rise against the Swiss franc. If the two sides go up and down simultaneously, the euro will only fluctuate in the range against the Swiss franc.


XAUUSD

1195/1197 resistance

1187/1185 support

The US stock market fell and it boosted gold. However, the yield of US Treasury bonds continued to rise, and funds flowed to US Treasury bonds, which was bad for gold. In addition, the market is watching the impact of important data on the US consumer price index tonight to curb gold gains. If the US data does not see any increase, it is expected to boost gold, and the stock market continues to fall, gold has the opportunity to explore the resistance of 1,200 US dollars.


US crude oil futures:

73.75/74.05 resistance

72.05/71.75 support

Uncertainty in US politics and Sino-US trade and a sharp increase in crude oil inventories have caused oil prices to fall. If the growth rate of the US ElA increases higher than expected tonight, the oil price will further test the low position. But pay attention to the increase in seasonal demand, crude oil prices still have reason to rebound.


BTCUSD:

6330 / 6450 resistance

5980 /5860 support

US 10 year treasury bond yield keeps 7 year record high, capital funds transfer to bond . Cryptocurrency have a downside risk. Now, the market observe the performance of the US CPI tomorrow, the bitcoin keep downward.


Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.


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 opinions today:
Market worries continued to heat up. The US Dow fell on the second day and closed lower. The Dow fell for two trading days and fell by more than 1,300 points. The investment market is tense, paying attention to the upcoming US presidential midterm elections in November. The market is worried about political changes, stock market capital outflows, safe-haven funds are transferred to the bond market, and US bond yields are rising. Coupled with the US consumer price index fell in August compared to August, the US economic confidence weakened, the stock market and the dollar fell simultaneously. The slowdown in US inflation has affected the dollar's decline. The major currencies have generally risen against the dollar, which has further spurred the surge in gold. The economy slowed down, oil prices were downward, and oil prices once fell below $71.

Australia, August home loan license fell more than market expectations, but the dollar fell, temporarily supporting the Australian dollar. In the afternoon, Germany announced the industrial output and CPl of the Eurozone. The German CPl was more watched by the market. If the monthly rate and annual rate are better than last month, it will help the euro. Conversely, if the performance of the data falls, it will be negative for the euro and may affect the performance of other European currencies.

In the evening, the United States announced the Import and Export Price Index and the University of Michigan Consumer Confidence Index. Due to market concerns, data performance has the opportunity to affect the performance of the US Dow and the Nasdaq, while affecting the dollar's movement, which deserves attention.

Today's suggestion:
EURUSD
1.1615/1.1640 resistance
1.1575/1.1555 support
US inflation data has slowed down, with the dollar falling last night and the euro rebounding. The market is concerned about the release of German CPI data for September in the afternoon. If the data is better than expected, it will be bullish for the euro. But may be affected by the US consumer price index at night, the data results may affect the performance of the euro.

GBPUSD
1.3250/1.3270 resistance
1.3175/1.3155 support
The performance of US inflation data slowed down. The US dollar fell last night, and the pound followed the trend and rose. There is no UK data released today. The market is concerned about the release of German September CPI data in the afternoon. If the data is better than expected, it will be more euros. I believe that the pound also has a chance to benefit. However, it may be affected by the results of the US Consumer Confidence Index data at night, which may affect the performance of the pound.

USDCHF
0.9915/0.9930 resistance
0.9855/0.9835 support
The dollar fell and the euro rose, indirectly boosting the Swiss franc. If the euro continues to rise against the dollar, the Lido Swiss Franc. The market is concerned about the release of German September CPI data in the afternoon. If the data is better than expected, bullish the Swiss franc as well. It is worth noting that the results of the US Consumer Confidence Index data at night may affect the performance of the US dollar, and the US dollar fluctuates against the Swiss franc.

USD/JPY
112.40/112.55 resistance
111.85/111.70 support
The US Dow fell, the Nikkei index continued to fall, and risk aversion caused the dollar to fall against the yen. It is currently recommended to continue to pay attention to stock market performance, against the trend of the dollar against the yen. It is worth noting that the results of the US Consumer Confidence Index data at night affect the performance of the USD/JPY.

AUDUSD
0.7135/0.7155 resistance
0.7085/0.7065 support
Australia economic indicators data was not good, Australia home loan license fell in August, the magnitude is greater than market expectations, bearish Australian dollar. It is worth noting that the results of the US Consumer Confidence Index data at night may affect the performance of the US dollar and affect the trend of the Australian dollar against the US dollar.

NZDUSD
0.6540/0.6555 resistance
0.6475/0.6460 support
Australia economic indicators data was not good, Australia home loan license fell in August, the magnitude is greater than market expectations, bearish New Zealand dollar as well. If the New Zealand dollar is dragged down by the Australian dollar, the New Zealand dollar has the opportunity to test support. It is worth noting that the results of the US Consumer Confidence Index data at night may affect the performance of the US dollar and affect the performance of the New Zealand dollar against the US dollar.

USD/CAD
1.3075/1.3090 resistance
1.3025/1.3000 support
The fall in oil prices is expected to affect Canadian crude oil export earnings, causing the Canadian dollar to fall. But the dollar fell, which boosted the Canadian dollar. In addition, the US crude oil inventories increased sharply, the oil price trend is unclear, the US dollar against the Canadian dollar has the opportunity to test the 1.31 level. In addition, it is worth noting that the US consumer confidence index data at the end of the results, the dollar performance may affect the Canadian dollar trend.

EUR/GBP
0.8775/0.8790 resistance
0.8740/0.8625 support
The dollar fell, boosting the euro, rising more than the pound, and the euro rose against the pound. Technically, the euro tested against the pound at 0.8775 and 0.8790. In the afternoon, Germany announced the September CPl data, if the data boosted the euro against the dollar, the bullish euro against the pound.

EURCHF
1.1485/1.1500 resistance
1.1460/1.1445 support
The dollar fell, the euro rebounded and the euro rose against the Swiss franc. In the afternoon, Germany announced the September CPl data. If the data boosts the euro against the US dollar, the bullish the euro against the Swiss franc.

XAUUSD
1222/1125 resistance
1215/1212 support
The US stock market fell, boosting gold. Coupled with the lower-than-expected impact of the US consumer price index, gold has soared. If the US data performance is not satisfactory tonight, it is expected to boost XAUUSD again. However, Asian stock markets rebounded this morning, and XAUUSD adjustments fell. It is worth noting that stock market performance and against the XAUUSD.

US crude oil futures:
71.75/72.05 resistance
70.75/70.45 support
Uncertainty in US politics and Sino-US trade and a sharp increase in crude oil inventories have caused oil prices to fall. But pay attention to seasonal demand to increase future demand, crude oil prices may rebound.

BTCUSD:
6330 / 6450 resistance
5980 /5860 support
US 10 year treasury bond yield keeps 7 year record high, capital funds transfer to bond . Cryptocurrency have a downside risk. Now, the market observe the performance of the US CPI tomorrow, the bitcoin keep downward.

Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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 opinions today:

Following the US non-farm payrolls and average wages fell in August, the US announced last Friday that the September consumer price index and the University of Michigan consumer confidence index fell. The US job market and inflationary prices have slowed, but US 10-year Treasury yields are high, maintaining a 3.25% level, and short-term US Treasury yields are also high. US bonds have narrowed their returns on corporate income. Investors have transferred funds to increase their holdings of lower-risk bond markets. The US Dow Jones Index has accumulated a decline of more than 1,000 points. Before the US closed on Friday night, the Dow Jones index rebounded after 25,000 points and closed at 25,300 points. The stock market performed better, and the price of gold and silver adjusted to go down.


Investor confidence stabilized and the dollar rebounded. The market is worried that when the EU summit is held on October 17 and 18, the UK and EU Brexit agreements will be successfully completed. And there are rumors that some of the Brexit agreement is still divided, the pound fell first, dragging the euro. The euro against the pound has once seen a high of 0.8818.


This evening, the market is concerned about the US retail sales data for September, which is expected to grow to 0.6%, which is better than last month, but the results remain to be seen. Subsequent market will focus on economic and inflation data in Europe in this week data. On Wednesday, the euro zone and the UK announced the September consumer price index CPl, and the same day the UK announced the September retail price index. The UK announced September retail sales data on Thursday. These important data are approaching, also the risk of Brexit agreement, the expected volatility has increased significantly, you must pay attention to trading risks!


Today's suggestion:

EURUSD
1.1565/1.1585 resistance
1.1520/1.1500 support
Tonight, the US announced retail sales in September, and the market expects growth to be better than last month. It is expected that the US dollar will perform strongly before the release of US data to curb the euro. After the US data, this week's market focus on the Eurozone economy and inflation data, as mentioned above. And on the day of the EU summit, the results of the negotiations between the UK and the EU were announced. The market is worried about the outcome, and the euro may see a downward trend. Technically, 1.1520 and 1.1500 are technical support positions, the final performance, still look at the Eurozone inflation data and the outcome of the Brexit negotiations, that the market volatility is greater.


GBPUSD
1.3135/1.3155 resistance
1.3055/1.3035 support
On the EU summit on Thursday, there have been rumors in the market over the past weekend that the content of the Brexit negotiations is still divided. The pound opened this morning. But in the short term, the US announced retail sales in September tonight, and the market is expected to grow. It is estimated that before the release of US data, the US dollar performed strongly and curbed the pound. In the next two days, the UK has more important economy and inflation data released. Therefore, before the Brexit negotiations announced the results, we still pay attention to the impact and fluctuations of the data results.


USDCHF
0.9920/0.9935 resistance
0.9895/0.9880 support
The dollar rebounded and the euro fell, indirectly curbing the rise of the Swiss franc and making adjustments. First, the US announced retail sales in September tonight, the market is expected to grow, and the dollar is rising against the Swiss franc. If the result is an unexpected market, the US dollar against the Swiss franc will be affected and fluctuated. If there is a gap in the results of the September retail sales in the United States, note that the dollar has increased volatility against the Swiss franc.


USD/JPY
112.40/112.55 resistance
111.85/111.70 support
The Japanese government plans to raise the consumption tax to 10% in the two years, and Japanese companies and consumers expressed concern. The most important companies are worried about future sales decline, affecting business development and profitability. Japan’s Nikkei index fell, dragging the dollar down against the yen. But tonight, the US announced September retail sales data, the short-term US dollar performance is strong, may support the dollar against the yen.


AUDUSD
0.7115/0.7130 resistance
0.7085/0.7070 support
In the evening, US retail sales in September is expected to rise, and the bullish dollar will indirectly affect the adjustment of the AUDUSD. In addition, China’s September economy and inflation data released in this week, that may affect the performance of the Australian dollar.


NZDUSD
0.6515/0.6530 resistance
0.6475/0.6460 support
In the evening, US retail sales in September is expected to rise, and the bullish dollar and that will indirectly affect the NZDUSD. In addition, China’s September economic and inflation data released this week may affect the performance of the AUDUSD and NZDUSD as well.


USD/CAD
1.3045/1.3060 resistance
1.2990/1.2975 support
The oil price rebounded and the bullish the dollar. In addition, a number of Canadian economic data released this week, the market expectation can continue the growth of Canadian economic data, USDCAD may go down. In the short-term trend, we must pay attention to the development of oil prices.


EUR/GBP
0.8825/0.8840 resistance
0.8785/0.8770 support
The euro is trading better than the pound, with a bullish euro against the pound. The reason is that the market rumors that the Brexit negotiations are still divided, the pound fell more than the euro. In the short term, we still wait to see the difference between the UK and Eurozone economic and inflation data as an assessment trend.


EURCHF
1.1470/1.1485 resistance
1.1430/1.1415 support
The market is concerned that the euro zone consumer price data this week. If the data is better than last month, will be positive the euros, there is a chance that the euro will rise against the Swiss franc. Technically, the euro against the Swiss franc short-term adjustment to 1.1430 and 1.1415 support. Now it may test the support first.


XAUUSD
1224/1226 resistance
1217/1215 support
Tonight, US retail sales data in September is expected to better than last month, the gold price downward. If the final result is not as expected, and the stock market falls, gold has a chance to rebound. Coupled with the risks of Brexit from the UK and the EU, if market anxiety, there is a chance to stimulate gold to rise. The above reference price support and resistance are only used as short-term reference materials, and attention must be paid to fundamentals such as data and information performance.


US crude oil futures:
72.75/73.05 resistance
71.05/70.75 support
Earlier, US politics and Sino-US trade uncertainty and crude oil inventories increased sharply, and oil prices fell last week. The United States will release retail sales data for September, which is expected to increase, coupled with recent political factors that have boosted oil prices. In addition, seasonal demand is expected to increase, and crude oil prices have the opportunity to test high.


BTCUSD:
6330 / 6450 resistance
5980 /5860 support
US 10 year treasury bond yield keeps 7 year record high, capital funds transfer to bond . Cryptocurrency have a downside risk. Now, the market observe the performance of the US CPI tomorrow, the bitcoin keep downward.

Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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]

The World Final of the Duke of Edinburgh Cup was held at Buckinghamshire Golf Club from the 30th of September through to the 4th of October, with a black tie dinner and award ceremony in Windsor Castle. The August event, held in Shanghai, for the Duke of Edinburgh Cup was sponsored by ATFX, a leading online trading services provider, with Mr. Ryan Tsui, CEO of ATFX (AE) qualifying for the World Final.

International golfers and celebrities from 15 different countries around the world took part in the charity tournament, which Mr. Tsui and ATFX were delighted, and honoured, to both sponsor and participate in. Joe Li, Chairman of the Board of ATFX (UK), Wei Qiang Zhang, Managing Director of ATFX (UK) and Ryan Tsui, CEO of ATFX (AE) were invited to the Gala Dinner and meeting with Prince Edward, Earl of Wessex.

“We are very pleased to have the opportunity to help young people in need and improve their lives with this fantastic collaboration.” said Ryan Tsui. “Our sponsorship of the Duke of Edinburgh Cup sets a precedent in our sector and we hope to continue to support worthwhile causes as our business grows.”

ATFX strives to give back to the communities it operates in. They hope to partner with more charities, letting their clients know that they are more than just a financial services broker, with the aim of inspiring a culture of corporate and social responsibility.

Expect to see more from the firm as they continue to actively support charity and sports events that, similar to ATFX's vision, push the limits of achievement and break new records of excellence!

ATFX (UK): “76.9% 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: 32 Cornhill, London, EC3V 3SG. Company No. 09827091

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

 

[Kelly Yeung]

ATFX, a leading online trading broker, has announced a new selection of contract-for-difference (CFDs) products, including thirty-eight US stocks and twelve popular German ones. The newly augmented selection features leading blue-chip stocks from the tech, financial, and other main sectors. The latest addition to ATFX’s family of products includes household names such as Apple Inc., AIG, Amazon, Alibaba Group and McDonald’s, helping expand ATFX’s product offering for their clientele.

With the latest launch of shares CFDs, the total now comes to over 100 instruments offered by the financial brokerage, and ranging from six financial asset classes including foreign exchange, precious metals, crude oil CFDs, index trading, cryptocurrency CFDs (bitcoin, Ethereum, Litecoin & Ripple) and shares CFDs.


The reasoning for the additional products was driven by client demand, with the company stating that it is constantly striving to add new tradable instruments to its MT4 platform, responding to client feedback during the process. As the leading CFD platform provider across the world, the importance of giving traders access to US and EU shares is self-explanatory.


The launch of shares CFDs comes as ATFX’s CFD business is on the rise, with the company promising more additions soon. Trading is possible via the MT4 platform.


Legal Disclaimer: 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]

Personal opinions today:
On October 17 and 18, the EU summit was held. The market estimates that the results of the UK and EU Brexit trade agreements will be announced at this time, and the market is waiting. In the afternoon, the UK announced the September consumer price index and retail price index, and the euro zone also announced the September consumer price index. The data is very important and has the opportunity to drive European currency fluctuations.

Today's suggestion:
EURUSD
1.1600/1.1620 resistance
1.1560/1.1540 support
On the eve of the EU summit, the euro was adjusted. From the UK side, it is said that the Brexit negotiations are expected to achieve results. If bullish the pound, the euro will follow the trend. More attention to the performance of the September consumer price index in the euro zone.

GBPUSD
1.3205/1.3235 resistance
1.3155/1.3125 support
The pound was adjusted on the eve of the EU summit. From the UK, it is revealed that the Brexit negotiations are expected to achieve results. The pound will fluctuate at any time in the short term, or during the EU summit announcement . Moreover, the UK data in the afternoon is also pay attention. Generally, the relevant consumer and retail sale data also affects the fluctuation of the pound.

USDCHF
0.9925/0.9940 resistance
0.9880/0.9860 support
The Swiss franc has weakened, the US dollar broke through 0.9900 against the Swiss franc, and the short-term trend will look at 0.9940. However, it must be noted that if the 0.9880 falls below, the trend may be reversed and there is a chance to test the lower support.

USD/JPY
112.55/112.75 resistance
112.15/111.95 support
The US Dow rebounded and closed higher. Japan’s Nikkei followed the pace and the dollar followed the yen. Technically, the initial breakthrough is 112.35, and the trend will be further tested at 112.55 and 112.75.

AUDUSD
0.7140/0.7155 resistance
0.7115/0.7100 support
After the market digested the comments of the Reserve Bank of Australia, the Australian dollar was adjusted. In addition, the adjustment of copper prices indirectly affects the trend of the Australian dollar. The market is watching the EU summit, and it is expected that the Australian dollar will adjust.

NZDUSD
0.6595/0.6610 resistance
0.6555/0.6540 support
In short-term New Zealand has no important data to announce, the market is watching the EU summit, it is expected that the New Zealand dollar trend will be adjusted first. But pay attention to the technical, the New Zealand dollar broke through 0.6610, the trend may be further strengthened, it is recommended to pay attention.

USD/CAD
1.2960/1.2975 resistance
1.2930/1.2915 support
The oil price trend is still optimistic, rising from the level of 70 US dollars to 71 US dollars, and the Lido dollar. The market expects the Canadian consumer price index and important economic data on retail sales to be released on Friday, with a bullish Canadian dollar. In the short-term, we must pay attention to the development of oil prices or the outcome of the Brexit negotiations, which also affects the performance of the Canadian dollar.

EUR/GBP
0.8785/0.8800 resistance
0.8760/0.8745 support
Earlier, the market rumored that the Brexit negotiations uncertainty. The fall of the pound made the euro perform better, which made the euro develop against the pound. However, the British government recently indicated that it is expected to successfully reach an agreement, and the trend is expected to reverse. It is expected that the trend of the euro against the pound may still be ranging before the EU summit announcement.

EURCHF
1.1475/1.1490 resistance
1.1450/1.1435 support
Technically, if the euro is adjusted to 1.1450 in short-term support against the Swiss franc, if it can still be stabilized, there will be a chance to rebound, and the near-term high is 1.1490.

XAUUSD
1228/1230 resistance
1220/1218 support
The US Dow's trend ended the most rebound and rebounded, rebounding more than 500 points, and gold just fell back at a high level. In the short-term technical, the price of gold has doubled and adjusted. The most important UK said that the Brexit Association is expected to reach an agreement, the market risk aversion is cooling, and the price of gold is adjusted. The EU summit will be launched. As long as the final results are implemented, it is expected that the price of gold will continue to decline.

US crude oil futures:
72.25/72.50 resistance
71.25/70.90 support
Recently, the United States has had a tense impact on the political relations between Iran and Saudi Arabia. The market is worried that the supply of crude oil will be affected and boost the price of oil. In addition, seasonal demand is expected to increase, and crude oil prices have the opportunity to test high. Technically, the price of crude oil is consolidated from US$71 to US$72. If it breaks through any party, the trend will have a chance to continue. At present, the fundamental and technical aspects of the crude oil price trend are higher, but attention must be paid to risk management.

BTCUSD:
6680 / 6750 resistance
6280 /6060 support
The performance of the US economy and fiscal deficits concerns. Also, the US CPI under the market expectations, the bitcoin demand increasing a bit and the price got support. If any bad news from US, it will increase the demand of bitcoin and the price may further go high.

Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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 opinions today:

The EU summit was held on the first day of yesterday. The original market estimated that the results of the UK and EU Brexit trade agreements announced the outcome of the negotiations between the two countries at the summit. Unfortunately, in the end, the content of the negotiations between the two countries has still not match their results, and it is estimated that it will take two weeks to continue discussions. At present, they said that the content of the Brexit negotiations is mainly due to the lack of Irish border trade and the work visa of British in Europe. Most other problems have been resolved. The situation helped to eliminate the market's fear of hard Brexit, so the pound and the euro fell more limited. Only the minutes of the Fed policy meeting show that all officials unanimously support the gradual rate hike, and that the Fed’s interest rate hike in September is also reasonable, boosting the dollar in the short term, causing the major currencies and gold to fall against the dollar.

In addition, the recent UK data showed a poor performance. The number of jobless claims rose in September, while the consumer price index and retail price index fell. Under normal circumstances, the market expects the UK's seasonally adjusted retail sales to fall this afternoon, which is bad for the pound. The market expects that the UK government's short-term shortfall will narrow and the public sector borrowing will rise, which will help boost the pound. This afternoon, only the German wholesale price index in the euro zone has limited influence. In the afternoon, the market only pays attention to the performance of Swiss trade accounts in September, which has a direct impact on the Swiss franc. If there is a significant gap in the performance of the data, the euro has a large fluctuation against the Swiss franc.

At night, the market is concerned about the number of US jobless claims and other data on manufacturing data. If the US data is positive, it will help the US dollar, and the major currencies will fall against the US dollar and gold prices. However, it must be noted that there are still more than half a month, the US presidential midterm elections, the market risk aversion is heating up at any time, and the dollar is negative. It is recommended to stay on the sidelines and prevent the dollar from reversing the risk.

Today's suggestion:

EURUSD
1.1480/1.1465 support
1.1515/1.1530 resistance
The EU summit started, and it was decided at the meeting that the Brexit negotiations still need time to discuss and the euro was bad, the EURUSD hitting 1.15 support. Look at other economic data performances in the short term, especially tomorrow's Eurozone trade accounts. And for the next two nights, the US economic data performance also needs attention. The technical trend of the euro against the US dollar is developing a downward trend. At present, it is concerned about the starting point of the rising wave of 1.1480, which is testing other support.

GBPUSD
1.3085/1.3055 support
1.3135/1.3155 resistance
The Brexit negotiations still failed to meet the final expected results, which was bad for the pound. Coupled with the weak performance of the UK data, market investment interest declined, and the pound continued to fall. The current Brexit negotiations will take several weeks to discuss and it is necessary to observe the economic data comparison between the UK and the US. Technically, 1.3030 and 1.2985 as strengthen support. If it falls, it will worsen the issue of Brexit and further negative the pound.

USDCHF
0.9955/0.9970 resistance
0.9925/0.9910 support
The minutes of the Fed meeting show that the gradual increase in interest rates will continue to boost the dollar. The Swiss franc has weakened, breaking through 0.9900 and breaking through the resistance of 0.9940. The recent US dollar against the Swiss franc is at 0.9955. If there is no breakthrough in the end, you can pay attention to the trend reversal. In the afternoon, the Swiss trade account in September is also worth noting, please check it out and look forward the trend.

USD/JPY
112.70/112.85 resistance
112.35/112.15 support
The US Dow rebounded and the Nikkei index rebounded in tandem. The dollar followed the yen. In addition, the Fed’s remarks boosted the US dollar, and the USD/JPY once saw a high of 112.70, which is also a resistance of 123.6%. As analyzed yesterday, the USD/JPY broke through 112.35 and the trend will be further tested at 112.55 and 112.75. However, note that in this range, the trend has a chance to reverse, and the estimate is adjusted to 112.35 and 112.15 support.

AUDUSD
0.7125/0.7140 resistance
0.7090/0.7075 support
Australia's unemployment rate fell to 5% in September, down from 5.3% last month, but other employment numbers fell, offsetting the good news of improved job data. If the US economic data is weak, the dollar is weak, boosting the Australian dollar. In addition, also pay attention to the copper price performance.

NZDUSD
0.6585/0.6610 resistance
0.6525/0.6500 support
The Fed’s monetary policy view is negative for the New Zealand dollar. Short-term New Zealand has no important data to announce, the market is watching the EU summit is also disappointed, the New Zealand dollar trend continues to decline. Technically, the Australian dollar trend will affect the New Zealand dollar directly and must be noted.

USD/CAD
1.3050/1.3075 resistance
1.3010/1.2985 support
The oil price suddenly fell, and it was bad for the Canadian dollar. The market expects Friday's Canadian consumer price index and important economic data on retail sales to be released, and the data is expected to be in the Canadian dollar. Technically concerned about the resistance of 1.3075.

EUR/GBP
0.8785/0.8800 resistance
0.8765/0.8750 support
The EU and the UK government said that the Brexit agreement still needs time to discuss, the euro against the pound continues to move upwards, and it is expected that the euro-pound trend may still be repeated during the EU summit today.

EURCHF
1.1455/1.1470 resistance
1.1435/1.1415 support
Technically, if the euro falls below the 1.1450 support against the Swiss franc, the trend is reversed. Currently, the first resistance level of 1.1455 will continue. If the breakthrough fails, the euro will test below 1.14 against the Swiss franc.

XAUUSD
1226/1228 resistance
1220/1218 support
The Fed minutes, officials unanimously supported a gradual rate hike, and gold that is sensitive to interest rate movements fell. In addition, the stock market has high volatility in the near future. If the US Dow rises sharply, the price of gold may fall further.

US crude oil futures:
70.25/70.75 resistance
68.80/68.30 support
The Fed’s comments made demand dropped and the oil prices fell. The oil price fell below $70, and hit 73.6% of the adjustment wave, $69.45. If the market continues to ferment the Fed’s interest rate hike outlook, it will have the opportunity to test $68.30. Technical resistance is $70.25 and $70.75.

BTCUSD:
6680 / 6750 resistance
6280 /6060 support
The performance of the US economy and fiscal deficits concerns. Also, the US CPI under the market expectations, the bitcoin demand increasing and got support. FOMC meeting and decision interest rate hike, but the demand of bitcoin did not change too much. By technically, 6750 is a important resistance. If the break through fails, the price may fall further.

Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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: 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.