ATFX Press Releases - 2018

[Kelly Yeung]

Personal opinions today:

The Brexit negotiations between the UK and the EU are looking for further development, and the two sides continue to negotiate. However, the UK data was weak. The number of jobless claims rose in September, and the consumer price index and retail price index fell. Yesterday's announcement of UK seasonal retail sales was lower than last month and market expectations, negative for the pound. The market is waiting to for the UK government's shortfall in revenue and expenditure narrowed today, and public sector borrowing. If the data is positive, it will help boost the pound. Before the UK data, the euro zone's August current account after the adjustment of the current account is worthy of attention. If the current account grows, it will be more euros.

In the evening, the US announced the existing home sales data for September. The market is expected to slow down from last month, which is negative for the US dollar. The market is more concerned about the 8:30 pm, Canada's September CPl and retail sales data, the relevant data, the USDCAD may have greater fluctuations. If the data shows growth, the bullish CAD.

Today's suggestion:

EURUSD
1.1435/1.1415 support
1.1485/1.1505 resistance
At the EU summit, there was no agreement on the Brexit negotiations, which was bad for the euro. The market waits for other economic data in the euro zone to judge the position of the European Central Bank's interest rate monetary policy next Thursday. At present, the technical trend of the euro against the US dollar continues to decline. The market is worried about the Italian budget. The expenditure is too high, affecting the relationship between Italy and the EU, and the euro is negative. Technically, the 1.1480 fell below and is testing other support below. The first reference support is 1.1430.

GBPUSD
1.3005/1.2985 support
1.3050/1.3070 resistance
The market is waiting the Brexit negotiations result. The important negotiation which is Irish trade border and working visa for the two places still have to be resolved. The trend is still bearish. Coupled with the weak performance of the UK data, the market investment intentions fell, 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, attention to the support 1.3030 has been lost, the next support is 1.3005 and 1.2985 support.

USDCHF
0.9970/1.0005 resistance
0.9940/0.9920 support
The minutes of the Fed meeting show that the interest rates hikes, the dollar is strong, and the Swiss franc is weak. In addition, the euro fell, and the Swiss franc fell. The market is waiting for the European Central Bank to decide on interest rates next week. If the market believes that the European Central Bank will tighten monetary policy and the euro rises, the Swiss franc will follow.

USD/JPY
112.40/112.60 resistance
112.05/111.85 support
Japan’s Nikkei index fell from rising to rising, and the Nikkei and the US dollar were similar to the yen. Technically, as yesterday's analysis looks similar, USD/JPY has adjusted after 112.55 and 112.75 and adjusted to 112.15 support. If USDJPY stop at 112.40 and 112.60 in the short term, the next step will be to test the 111 level.

AUDUSD
0.7115/0.7130 resistance
0.7090/0.7075 support
The Australian employment report for September did not stand out, and the Australian dollar fell. The Fed supports a interest rate hike. Some analysts report say that the US economy will decline, copper prices go down, and the Australian dollar will be negative as well.

NZDUSD
0.6565/0.6580 resistance
0.6525/0.6510 support
The Fed’s monetary policy maintains a interest rate hike, which is a negative for the New Zealand dollar. Short-term New Zealand has no important data to announce, and the trend will continue to follow the Australian dollar against the US dollar.

USD/CAD
1.3085/1.3105 resistance
1.3060/1.3045 support
US crude oil supply has increased, and the market is worried that the economy will face a recession, oil prices will fall, and the Canadian dollar will be negative. However, it is worth noting in the short term. Tonight, Canada announced the important economic data includes consumer price index and retail sales in September. If the data shows growth, bullish Canadian dollar.

EUR/GBP
0.8810/0.8825 resistance
0.8785/0.8760 support
The EU and the UK government said that the Brexit agreement still needs time to discuss, and the euro against the pound continues to move upward. The UK data disappointed the market, and the bearish pound was one of the reasons for the rise of the euro against the pound. If the fundamentals have not changed, it is estimated that the trend will continue to rise.

EURCHF
1.1445/1.1460 resistance
1.1405/1.1385 support
Technically, the euro fell against the Swiss franc to 1.1450 support, and the trend continued to test support. Last night, the euro against the Swiss franc once fell below 1.14, as expected 1.1445 if not breakthrough, the trend will continues to downward.

XAUUSD
1230/1232 resistance
1222/1220 support
The minutes of the Fed meeting, officials unanimously support the pace of gradual rate hikes, gold that is sensitive to interest rate movements has therefore fallen. However, the interest rate hike is expected to cause investors to worry about the economic recession, funds out of the stock market, and gold temporarily become a hedging tool. If the US Dow changes its direction and rises sharply, the price of gold will fall.

US crude oil futures:
69.65/70.05 resistance
68.60/68.30 support
The Fed’s comments made bad the oil prices. The oil price fell below $70, and for the first time hit 73.6% of the adjustment wave, $69.45. The market continued to ferment the Fed’s interest rate hike and economic recession outlook, worried about the oversupply of crude oil and the decline in oil prices. At present, there is no other news that can boost the price of oil. Looking forward the oil price to test 68.30 US dollars.

BTCUSD:
6680 / 6750 resistance
6280 /6060 support
FOMC prediction, interest rate hike. The demand of bitcoin decreased. As expectation yesterday, 6750 is a important resistance. Since the break through resistance point fails, the price go down. Now it may test 6280 or 6060 support.

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


Information provided by ATFX, Chief Analyst of Asia Pacific: Martin Lam

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



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

 

[Kelly Yeung]

Personal opinions today:
This week's the market has four major focuses, including the Bank of Canada monetary decisions on Wednesday night and the EU Central Bank monetary policy announcement on Thursday night. More importantly, it is believed that the US Beige Book was released at 2 am on Thursday. The initial value of the third quarter GDP in the US was announced on Friday as very important as well. As the market keeps an eye on the development and trends of the US economy, the Beige Book content, including the employment, wages, production and inflation prices of the US states, is an inspiration for the Fed's monetary policy. The report also affects the expected third-quarter GDP rate forecast for the US on Friday and the US employment data performance forecast for next week.
The important data in the market today is Canada's August wholesale sales, the National Economic Confidence Index and the US Federal Reserve's National Activity Index for the Chicago Fed in September. These data are not key data, but can be used as a slight change in the short-term trend of the relevant national currency. Tomorrow, the German and UK data may be a higher reference for market-driven changes. The market expects that Germany's September PPI will fall slightly in the afternoon, which is relatively negative for the euro. And Italy will resubmit the budget to the EU for approval tomorrow, It will believe that the euro has downward.
Today's suggestion:
EURUSD
1.1515/1.1530 resistance
1.1480/1.1465 support
The European Central Bank announced the results of the interest rate decision on Thursday night. Whether the monetary policy announced the central bank’s statement last month, reducing the bond purchases to 15 billion euros from October to December, and said that the rate hike will begin in the summer of next year. The market is watching and supporting the euro. . However, short-term factors are also worthy of attention. Tomorrow afternoon, the German PPI will be released in September, and the market is expected to fall slightly, which is negative for the euro. And Italy will resubmit the budget to the EU for approval tomorrow, It maybe believe that the euro is still downward. Technical support levels are 1.1480 and 1.1465. The resistance levels are 1.1515 and 1.1530 respectively.
GBPUSD
1.3030/1.3010 support
1.3090/1.3110 resistance
The UK unilaterally said it will continue to negotiate with the EU. A glimmer of light, support for the pound has rebounded. However, the negotiations continue, full of variables, and the exchange rate of the pound is expected to remain volatile. If there is no negative news. Technically, for the time being, we will pay attention to the support of GBPUSD as 1.3030 and 1.3010, and the resistance above as 1.3090 and 1.3110. Since the negotiation time will take time, there will be a US Beige Book report coming in the week. It is estimated that the US dollar will be affected by the US dollar and the high level will have resistance.
USDCHF
0.9980/0.9995 resistance
0.9950/0.9935 support
No important data released in Switzerland, and the Swiss franc can refer to the euro. Technically, the US dollar against the Swiss franc is at a high level in early August. 09980 is one of the resistance levels. If the breakthrough is successful, the first reference resistance is 1.0030. But if the euro is strong, the dollar can support the 0.9950 and 0.9935 for the Swiss franc.
USD/JPY
112.70/112.85 resistance
112.20/112.00 support
Japan’s Nikkei index has reversed, while the Nikkei and the US dollar have been similar. It is recommended to pay attention to the trend changes There is also a US Beige Book report in the week, which is estimated to be affected by the US dollar between the yen and is currently supported at an estimated 112.00.
AUDUSD
0.7115/0.7130 resistance
0.7085/0.7070 support
US existing home sales fell in September, and the annualized monthly rate fell sharply. The Australian dollar reached support. But remember that last Friday, China announced that its third-quarter GDP fell from the previous quarter. It is believed that the Australian exports will eventually affect the Australian exports. Technically, you can refer to the fluctuations from the low level in early October to the high level in mid-October. Among them, you also can use the Fibonacci to find support for 0.7085 and 0.7070. If it fall, AUDUSD can seeks the support.
NZDUSD
0.6590/0.6600 resistance
0.6560/0.6550 support
The Fed's monetary policy maintained a gradual rate hike, and the market looked at the US Beige Book report, estimating short-term negative for NZD. In addition, there is no important data released in New Zealand in the short term, and the trend will continue to follow the step of the AUDUSD. The Australian dollar fell against the dollar, and it is estimated that the New Zealand dollar may follow the dollar.
USD/CAD
1.3130/1.3155 resistance
1.3085/1.3060 support
US crude oil supply increased, while the market worried that the US economy slowed in the third quarter, oil prices fell, and the negative Canadian dollar. On Wednesday night, the market forecast the Bank of Canada raised interest rates and the market is paying attention. It is expected that the US dollar will have an opportunity to adjust against the Canadian dollar in the short term.
EUR/GBP
0.8810/0.8825 resistance
0.8785/0.8760 support
The EU and the British government said that the Brexit agreement still needs time to discuss, now may bearish the pound, the euro against the pound continues to move upward. And the UK data disappointed the market, and the bearish pound is also one of the reasons for the rise of the euro against the pound. If the fundamentals have not changed, it is estimated that the trend will continue to rise.
EURCHF
1.1475/1.1490 resistance
1.1435/1.1420 support
From the beginning of October to the recent days, technically, the euro against the Swiss franc appeared two times 1.1490, the initial double-top formation, worthy of attention. If the adjustment form is developed, the neckline is 1.1365, which can be used as a reference.
XAUUSD
1230/1232 resistance
1224/1222 support
The minutes of the Fed meeting, officials unanimously support the pace of gradual rate hikes, gold that is sensitive to interest rate movements has therefore fallen. However, the interest rate hike is expected to cause investors to worry about the economic recession, funds out of the stock market, and the gold temporarily become a hedging tool. In addition, the US Dow has repeated its trend. If the Dow rises sharply, the price of gold will likely fall. Short-term the gold price movements may range up and down, but breaking through either side may reverse the trend.
US crude oil futures:
69.95/70.35 resistance
68.80/68.30 support
The Fed’s comments made bearish the oil prices. The oil price continued to fall below $70, hitting 73.6% of the adjustment wave, and saw support of $68.5 after $69.45. The market continued to ferment the Fed’s interest rate hike and economic recession outlook, worried about the oversupply of crude oil and the decline in oil prices. At present, there is no other news that can boost the price of oil. If the resistance of 70 dollars is not broken, the outlook for oil prices will be supported by 68.30 dollars.
BTCUSD:
6680 / 6750 resistance
6280 /6060 support
After the FOMC prediction, interest rate hike. The US Beige Book report, estimating short-term negative bitcoin.As expectation before, 6750 is a important resistance. Since the break through resistance point fails, the price go down. Now it may test 6280 or 6060 support.
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:

Italy's fiscal deficit exceeds the standards of EU member states, and the EU requires the Italian state to submit the latest budget cut report today. The Italian Finance Minister said yesterday that Congress has no intention of drastically reducing the budget. The market is worried that Italy is considering leaving the EU, affecting the power of the ECB, and the euro is falling. In addition, the European Central Bank’s interest rate meeting on Thursday night, the market worried that after the European Central Bank reduced its LTRO plan, the economic will slowdown and the tight liquidity of market funds were also bad for the euro.

British Prime Minister intends to compromise on the Brexit negotiations, concessions in the Irish border trade agreement, weaken the British benefits, and be criticized and impeached by the British Parliament. Political factors, bad sterling.

The above problems in the European region have caused the euro to fall against the dollar and indirectly to increase the dollar. However, the United States will announce the Beige Book and the initial value of the third quarter GDP rate in the United States. The market remains concerned about the development and trends of the US economy. The content of the American Beige Book will have implications. It is worth noting that the US economic and employment data has been slowing since the beginning of October. Although the US Beige Book mainly reflects the regional economic report in September, it also has a prospect for future economic prospects. Coupled with the expected slowdown in the third quarter GDP season in the US, it is estimated that the strength of the US dollar is difficult to maintain. Estimating the US dollar index, you may encounter resistance at 96.15 and 96.50. However, it is necessary to pay attention to whether the euro will fall further in the afternoon when it submits the budget this afternoon, and indirectly boost the dollar to the upper resistance. Because of the trend of the dollar, it also affects the price of gold and other precious metals, and even affects the price of oil.

Today's suggestion:

EURUSD
1.1485/1.1515 resistance
1.1435/1.1405 support
The ECB announced the results of the interest rate and monetary policy on Thursday night, but the market pays more attention to whether the budget submitted by the Italian parliament today can be approved by the EU and whether it will trigger Italy's departure from the EU, resulting in a negative euro. Before this time, Germany announced the September PPI this afternoon, and the market expects a slight decline, which is also one of the bad euro factors. I believe that today's Euro volatility is larger than usual, paying attention to trading risks.

GBPUSD
1.3020/1.3040 resistance
1.2925/1.2905 support
As mentioned above, the British Prime Minister was impeached by Congress, affecting political confidence. At the same time, the EU's Italian budget may not meet the requirements of the EU, resulting in the EU's political status is unstable, and currently bearish. Tonight, Bank of England Governor Carney attended the event to give a speech, and the market is concerned about whether his speech can boost the pound. Must pay attention to trading risks!

USDCHF
0.9980/0.9995 resistance
0.9950/0.9935 support
There is no important data released in Switzerland, and the Swiss franc can refer to the euro. If the euro continues to be weak, the short-term Swiss franc is also weak. Technically, the US dollar against the Swiss franc is at a high level in early August. 09980 is one of the resistance levels. If the breakthrough is successful, the first reference resistance is 1.0030. USD/CHF can refer to 0.9950 and 0.9935 as support.

USD/JPY
112.85/113.05 resistance
112.45/112.30 support
Japan’s Nikkei index fell, with the opportunity to stop the dollar against the yen. However, before the US Beige Book report on Thursday, it was estimated that the yen was affected by the US dollar and the trend was weak. The reference is between the high level in early October and the low in mid-October, and the rebound is 50% to 113.05, which can be regarded as the first resistance target. However, if the Japanese Nikkei index declines, USDJPY may test 112.30.

AUDUSD
0.7085/0.7100 resistance
0.7055/0.7040 support
Falling industrial metal prices have affected the performance of the Australian dollar. And before the release of the US Beige Book report, the strength of the US dollar continued, indirectly affecting the decline of the Australian dollar. Technically, the Australian dollar is adjusting below 61.8% of the wave, and has the opportunity to further test 0.7040 support. Pay close attention to the trend of industrial metal prices, affecting the Australian dollar.

NZDUSD
0.6565/0.6580 resistance
0.6535/0.6520 support
As expected yesterday, before the release of the US Beige Book report, the strength of the US dollar continued, indirectly affecting the decline of the Australian dollar, and finally the New Zealand dollar was also affected, following the decline. Technically, the New Zealand dollar has also adjusted more than 61.8% against the US dollar. In the current situation, if the Australian dollar falls further against the US dollar, the next support is 0.6535 and 0.6520 respectively. However, after breaking through 0.6565, the trend may change.

USD/CAD
1.3120/1.3135 resistance
1.3080/1.3060 support
Oil prices are still affected by the resistance of $70, which is negative for the Canadian dollar. The market also watched the Bank of Canada's central bank meeting on Wednesday night. In the short term, the USD/CAD is expected to have a range adjustment. If the fundamentals match the good news, the US dollar against the Canadian dollar has the opportunity to test 1.3030 or 1.3015 support, but must break through the first support of 1.3080.

EUR/GBP
0.8845/0.8855 resistance
0.8830/0.8815 support
The EU and the British government said that the Brexit agreement still needs time to discuss and the political unrest of the UK. The bearish pound, the euro against the pound continues to move upward. If the fundamentals have not changed, it is estimated that the trend will continue to rise. Technically, we will focus on the important resistance of 0.8855. If it breaks through, it will probably test 0.8900.

EURCHF
1.1440/1.1455 resistance
1.1385/1.1365 support
From the beginning of October to the recent days, technically, the euro has formed a preliminary double-top formation against the Swiss franc, which deserves attention. If the adjustment form is developed, the neckline is 1.1365, which can be used as a reference.

XAUUSD
1227/1229 resistance
1219/1217 support
The minutes of the Fed meeting, officials unanimously support the pace of gradual rate hikes, gold that is sensitive to interest rate movements can therefore further break through the rise, controlled by 1232 resistance. Short-term estimates of gold price movements may be in the range, until the US Beige Book announced. If you break through any critical point, such as 1232 resistance or 1217 support, the trend will be creates a new direction.

US crude oil futures:
69.95/70.35 resistance
68.60/68.30 support
The Fed’s comments made bad prices. The oil price continued to fall below $70, hitting 73.6% of the adjustment wave, and saw support of $68.5 after $69.45. The market continued to ferment the Fed’s interest rate hike and economic recession outlook, fearing that crude oil demand will fall and oil prices will fall. At present, there is no other news that can boost the price of oil. If the resistance of 70 dollars has not broken, it is still possible to test the price of 68.30 dollars.

BTCUSD:
6680 / 6750 resistance
6280 /6060 support
Before the US Beige Book report, estimating short-term negative bitcoin. As expectation before, 6750 is a important resistance. Since the break through resistance point fails, the price go down. Now it may test 6280 or 6060 support.

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: 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 has urged the Italian Ministry of Finance to submit a budget deficit, and the market once worried that the Italian Ministry of Finance could not significantly reduce the budget to meet EU requirements, which may cause Italy to leave the EU, affecting the power and integrity of the ECB, and causing the euro to fall. In the end, the EU is willing to give time to the Italian government to handle and submit a new budget, and market anxiety has cooled. And to boost the global stock market, the US Dow rebounded after falling more than 400 points last night, repairing some of the decline. The price of gold has turned from rising to falling, and the dollar has also turned from rising to falling. However, crude oil inventories continued to climb, oil prices fell, once fell below 66 US dollars, the market can not be repaired. Another worry in the market, tonight's US ElA crude oil inventory report, the inventory also increased significantly, further negative oil prices.

At 10 tonight, the Bank of Canada announced interest rate decision, the market expects the central bank to raise interest rates by 0.25%, oil prices fell, did not affect the Canadian dollar, the Canadian dollar seems keeping strengthened. However, the Canada economy has been weak since the last time the Bank of Canada raised interest rates, it must be noted that at 10 tonight and afterwards, the Bank of Canada's interest rate decision and comments will have a chance to bear the future development of the Canadian dollar.

US important data is about to be released. Tomorrow morning, the United States will publish a Beige Book, which mainly describes the economic situation of the US states and regions, and finally affects the initial value of the third-quarter GDP rate announced on Friday. The market remains concerned about the development and trends of the US economy. It is recommended to continue to focus on the US dollar index at the 96.15 and 96.50 resistance levels.

Today's suggestion:

EURUSD
1.1490/1.1515 resistance
1.1445/1.1430 support
Germany announced its September PPI yesterday, and the results beat market expectations and last month, which boosted the euro to 1.1490. The market is waiting to see if the manufacturing purchasing index of the Eurozone in October will increase, which will bring economic growth prospects. More importantly, tomorrow night, the ECB will raise interest rates and announce monetary policy stance. It is currently expected that the monetary policy will be positive and there will be bullish the euros. Technical attention to the 1.1445 and 1.1430 support levels, and wait and see if the resistance level can be broken.

GBPUSD
1.3020/1.3040 resistance
1.2965/1.2945 support
The UK and the Brexit Negotiating Committee expressed their intention to make concessions on the Irish border agreement and speed up an agreement with the EU to prevent the negotiations from being affected. The pound rebounded and hit a resistance of 1.3040. However, as the British Prime Minister was conceded by the British Parliament on the Brexit negotiations, the Prime Minister was impeached, the British political confidence was not good, and the pound could not rise further. If you believe that the range of the GBPUSD will fluctuate in the short term, waiting for the next important information to bring inspiration.

USDCHF
0.9980/0.9995 resistance
0.9935/0.9915 support
The Swiss franc is mainly following the pace of the euro. Technically, the US dollar against the Swiss franc is at a high level in early August. 09980 is one of the resistance levels. If the breakthrough is successful, the first reference resistance is 1.0030. The US dollar against the Swiss franc can refer to 0.9950 and 0.9935 as the support level unchanged, but before the European Central Bank's interest rate decision, the euro may be positive, maybe the dollar against the Swiss franc will test 0.9935 and 0.9915 support.

USD/JPY
112.75/113.05 resistance
112.30/112.00 support
The trend of the Japanese Nikkei index mainly drives the trend of the US dollar against the yen. However, the United States will announce the Beige Book report, estimating that the JPY will be affected by the dollar, and the dollar will have a chance to rise against the yen. The reference from the high in early October to the low in mid-October, rebounded 50% to 113.05, which can be regarded as the first important resistance target. However, if the Japanese Nikkei index declines, the USDJPY may test against 112.30 and 112.00.

AUDUSD
0.7100/0.7115 resistance
0.7075/0.7060 support
Industrial metal prices rebounded, and the Australian dollar was bullish. The United States will announce the Beige Book report, which can refer to industrial and manufacturing production expectations and affect industrial metal prices. It is recommended to pay close attention to the trend of industrial metal prices and the impact on the Australian dollar.

NZDUSD
0.6565/0.6580 resistance
0.6535/0.6520 support
Before the release of the US Beige Book report, the US dollar continued to be strong, indirectly affecting the New Zealand dollar. However, the Australian dollar rebounded and the New Zealand dollar stopped falling. Technically, the New Zealand dollar has also adjusted by more than 61.8% against the US dollar. In the current situation, the next support is 0.6535 and 0.6520 respectively. However, after breaking through 0.6565, the trend may change, and test lower support.

USD/CAD
1.3125/1.3150 resistance
1.3065/1.3030 support
Oil prices are still affected by the resistance of 70 US dollars, while falling further, negative for the Canadian dollar. But the market first waited to see the Bank of Canada's central bank meeting interest rate tonight. It is expected that in the short term, the US dollar will have a chance to consolidate against the Canadian dollar, pending the central bank's interest rate decision and monetary policy stance. If the news is positive, the US dollar against the Canadian dollar has the opportunity to test 1.3030 support.

EUR/GBP
0.8845/0.8855 resistance
0.8800/0.8785 support
The EU and the British government said that the Brexit agreement still needs time to discuss, the British prime minister's status is affected, and the bearish pound is expected to continue. If the fundamentals have not changed, it is estimated that the trend will continue to rise. Technically, we will focus on the important resistance of 0.8855. If it breaks through, it will probably test 0.8900.

EURCHF
1.1440/1.1455 resistance
1.1385/1.1365 support
In the recent observation, from the beginning of October to the recent days, technically, the EURCHF has formed a double-top form, and the trend has developed in an adjustment pattern. The neckline target is 1.1365, which can be used as an important support point reference.

XAUUSD
1235/1238 resistance
1224/1222 support
The market is waiting for the US Beige Book to announce that the price of gold should have been consolidating in a narrow range. But last night, the US Dow fell sharply, global stock markets vibrated, and gold as a hedge against funds, prices rose. As analyzed yesterday, if the breakthrough resistance of 1232 will be more clear to go up. But now, It is recommended to wait and check the US Beige Book, while observing the trend of the US Dow and grasping the market.

US crude oil futures:
68.60/69.05 resistance
65.70/65.30 support
US President Trump criticised the price of crude oil too high when USD70. He asked OPEC to increase production and cut the price of oil. The oil price of 70 US dollars could not be broken. The market expected the latest US crude oil inventories increase, oversupply, oil prices fell deeply . Now, the market is looking the economic report on the US Beige Book, if the US industrial production and consumption market is expected to grow, it is expected to boost oil prices. It is recommended to focus on 65.70 and 65.30 support.

BTCUSD:
6680 / 6750 resistance
6280 /6060 support
Before the US Beige Book report, estimating short-term negative bitcoin. As expectation before, 6750 is a important resistance. Since the break through resistance point fails, the price go down. Now it may test 6280 or 6060 support again.

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, a leading global online trading broker, announced the launch of its latest promotion for new Korean clients. The latest promotional offering offers a cash back of US$3 per lot, and up to US$10,000 based on completed trading lots when the deposit is equal to or in excess of US$1,000.


Further details of this cash back offer is available at ATFX official Website.


ATFX explained that the Cash Back offer was tailored to its Korean clients’ trading habits, helping them save on each trade executed through their ATFX live account. This offer gives cash back not in terms of reward points or virtual currency, but in actual cash that clients can withdraw from their respective accounts. ATFX has created a niche for itself due to its easy-to-use online trading platform, based on MetaTrader 4, as well as its client-focused support, which offers 24/5 localised help across multiple languages, so that clients can access support in the language they are most comfortable in. The ATFX platform also allows trading across a variety of instruments, including forex, gold, oil, indices and CFDs.


The company also takes pride in offering low spreads and leverage of up to 400:1. And given it is a global platform, anyone willing to participate in the financial markets can create a live account at any time and from anywhere. That, combined with live support available across different time zones and languages, solidifies the company’s aim in simplifying the online trading process for clients regardless of their trading background, experience, or location.


The company also hosts regular training courses, seminars and workshops, while offering online educational resources to help traders strengthen their knowledge of the financial markets, so that they can make well-informed trading decisions that will benefit them. ATFX plans to launch more incentive programmes through 2018 to make online trading more rewarding for both new and existing clients.


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]

Following acclaim for its success at Spain’s Forex Day, ATFX, a global leading online trading broker, continued its European tour. This time the company set its sights on Lisbon’s Affiliate Conference held on the 18th and 19th of October 2018, with its multi-lingual team setting up at booth C80.

The event gave the financial brokerage an opportune moment for esteemed professionals who visited from around the world to familiarize themselves with ATFX’sstate-of-the-art trading technology and diversified trading instruments, giving great feedback about the company’s market-leading trading conditions.

Richard Craddock, CEO of ATFX (UK) and Wei Qiang Zhang, Managing Director of ATFX (UK) stated that, “We are very pleased that ATFX’s first appearance at Affiliate Conference in Lisbon was hailed as a major success. The strong presence we had was a testament to ATFX’s position as one of the key players in the European financial landscape.”

With over 3,000 delegates, over 100 affiliate programs and over 1,500 affiliates in attendance on the exhibition floor, the Lisbon Affiliate Conference offered delegates a great opportunity to learn about the latest trends and opportunities in online investing. The conference content covered technical SEO, social media, regulation and compliance, as well as emerging markets.

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

“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: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. Company No. 09827091

 

[Kelly Yeung]

Personal opinions today:

The market worried that the third quarter GDP of the United States experienced a sharp slowdown, coupled with the performance of US companies dragged down. Last night, the US Dow opened higher and closed lower, and the Dow fell more than 400 points. The funds are safe, flowing into gold and the yen respectively. Asian stocks opened lower this morning, the Nikkei index fell, the dollar fell below the 112 mark against the yen, and gold returned to above 1232.

The Federal Reserve announced the Beige Book of Economic Reports, covering industrial production, finance, construction, employment and wages, most importantly concerned with price and inflation performance. The Beige Book report pointed out that the overall US economy has turned moderately and the price has risen due to the influence of the early front wind. In conclusion, the Fed is still concerned about price and inflation growth, and it is reasonable to estimate that the Fed plans to raise interest rates by 0.25% in December. The strength of the US dollar ended temporarily after the Fed’s Beige Book report, after which the US dollar index adjusted its gains.

Yesterday, before the Fed's Beige Book report was released, the US dollar was strong, and the performance of the Eurozone Manufacturing Purchasing Managers Index was weak. The US Manufacturing Purchasing Managers Index showed an increase. Moreover, the Italian budget of the EU member states has not been accepted by the EU, and market concerns have dragged down the EU and the euro. Other European currencies and commodity currencies fell.

This afternoon, the market is concerned about the performance of German economic data, as well as the European Central Bank interest rate decision tonight. During the US market trading hours, focus on US jobless claims, durable goods orders and existing home sales. The market expects that the performance of various data in the United States may slow down, and there is a chance that the US dollar will be negative before the announcement. In addition, the market expects the US third-quarter GDP to slow down significantly tomorrow night, which is negative for the US dollar.

Today's suggestion:
EURUSD

1.1390/1.1375 support

1.1470/1.1485 resistance

The euro zone manufacturing purchasing managers index fell, and the market worried that the euro zone economy and job market will slow down. The euro fell below the 1.1430 support level, and the Fed's Beige Book is expected to be positive. When the dollar is strong, the euro once saw a low of 1.1377. After the release of the Fed Beige Book report, there was no further stimulus to the US dollar, and the euro revised the decline. Tonight, the ECB president and the central bank governor said after the meeting, if the central bank governor said that the euro zone economic growth forecast and the establishment of October to reduce the size of the bond purchase, there is an opportunity to boost the euro. Moreover, the market estimates that the initial value of GDP in the third quarter of the US will fall tomorrow, and the strength of the US dollar may slow down. It is also one of the reasons for supporting the euro.



GBPUSD

1.2875/1.2860 support

1.2935/1.2955 resistance

The Fed's Beige Book report shows that the US economy is still moderate, and the US dollar may temporarily stop after the US dollar is strong. The market is watching the performance of US economic data tonight and tomorrow night. The market expects that these economic data will have a lower chance than the previous value. The initial value of the third quarter GDP in the US will slow down from the previous quarter tomorrow. If the negative dollar is expected, the pound will have a chance to rebound. But you must be cautious and pay attention to position control and trading risk. At the same time, paying attention to the speech of the central bank governor after the European Central Bank meeting and the meeting tonight, the pound may be affected by the fluctuation of the euro.



USDCHF

0.9980/0.9995 resistance

0.9935/0.9915 support

The Fed's Beige Book report shows that the US economy is still moderate, and the US dollar may temporarily stop after the US dollar is strong. The market is watching the performance of US economic data tonight and tomorrow night. The market expects that these economic data will have a lower chance than the previous value. The initial value of the third quarter GDP in the US will slow down from the previous quarter tomorrow. If the negative dollar is expected, the US and the United States will have the opportunity to further decline. But you must be cautious and pay attention to position control and trading risk. At the same time, paying attention to the speech of the central bank governor after the European Central Bank meeting and the meeting tonight, the US and the Swiss may be affected by the fluctuation of the euro.



USD/JPY

112.35/112.55 resistance

111.75/111.60 support

US stocks and global stock markets fell, Japan's Nikkei index fell, and the dollar against the yen eventually fell to 112.30 and 112.00 respectively. At present, during the trading hours in Asia and Europe, the stock market in the region still has a chance to go down, and the USD/JPY may follow. Technically, pay attention to the resistance of 112.35 and 112.55. If there is no breakthrough, the trend is still bearish.



AUDUSD

0.7065/0.7055 support

0.7090/0.7105 resistance

After the US released the Beige Book report, the US dollar weakened and the Australian dollar rebounded. The market is watching the performance of US economic data tonight and tomorrow night. The market expects that these economic data will have a lower chance than the previous value. The initial value of the third quarter GDP in the US will slow down from the previous quarter tomorrow. If it is negative, it will have the opportunity to support the Australian dollar.



NZDUSD

0.6515/0.6505 support

0.6550/0.6565 resistance

After the US released the Beige Book report, the US dollar weakened, and the New Zealand dollar found support in the adjustment wave. It is now starting to enter the rebound wave and adjust to bullish. The market is watching the performance of US economic data tonight and tomorrow night. The market expects that these economic data will have a lower chance than the previous value. The initial value of the third quarter GDP in the US will slow down from the previous quarter tomorrow. If it is negative, it will have the opportunity to support the New Zealand dollar.



USD/CAD

1.3045/1.3065 resistance

1.2985/1.2970 support

The Bank of Canada raised interest rates, raising interest rates by 0.25%, and the interest rate hike was positive. It once allowed the dollar to support 1.3030 against the Canadian dollar, the lowest seen at 1.2970. However, the central bank’s monetary policy stance remained neutral and did not indicate the next rate hike. And the oil price fell, without further stimulating the Canadian dollar. The market is watching the performance of US economic data tonight and tomorrow night. The market expects that these economic data will have a lower chance than the previous value. The initial value of the third quarter GDP in the US will slow down from the previous quarter tomorrow. If it is negative, it will have the opportunity to support the Canadian dollar.



EUR/GBP

0.8855/0.8875 resistance

0.8815/0.8800 support

The EU and the British government said that the Brexit agreement still needs time to discuss, the British prime minister's status is affected, and the bearish pound is expected to continue its upward trend against the pound. If the fundamentals have not changed, it is estimated that the trend will continue to rise. Technically, we will focus on the important resistance of 0.8855. If it breaks through, it will probably test 0.8900.



EURCHF

1.1395/1.1410 resistance

1.1340/1.1310 support

It has been observed recently that the euro has started from the beginning of October against the Swiss franc. Technically, the euro has formed a double-top pattern against the Swiss franc. The trend has been adjusted and the neckline target is 1.1365, which can be used as an important support point. Currently in the vicinity of the neckline support, if further break through 1.1340, look down 1.1310. However, it must be noted that if it breaks through 1.1395, the trend will be reversed.



XAUUSD

1239/1242 resistance

1230/1228 support

The US Dow fell sharply, global stock markets vibrated, and Asian stock markets were also dragged down. Gold as a hedge against funds, prices rose. 1232 can be used as a dividing line, above the top, the target resistance resistance is 1239/1242 resistance, lower than 1232, maybe down to 1228. But we must pay attention to the trend of the US Dow and global stock market, observe the trend of the US Dow and global stock market, it may help to grasp the trend of gold.



US crude oil futures:

68.60/69.05 resistance

65.70/65.30 support

US President Trump criticized the price of crude oil and asked OPEC to increase production and match the price of oil. The oil price of 70 US dollars could not be broken. Saudi intend to increase production and increasing US crude oil inventories, oversupply, causing oil prices to fall. The market is looking any good news to boost oil prices. Technically, it is recommended to focus on 65.70 and 65.30 support.



BTCUSD:

6680 / 6750 resistance

63400 /6260 support

After the US released the Beige Book report, the US dollar weakened, positive bitcoin. As expectation before, 6750 is a important resistance. Now if reach 6340 or 6260 support again, suggests that don’t follow the trend to sell.



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 initial value of GDP in the third quarter of the US fell to only 3.5%. Although it was slightly higher than the original estimate of the market, compared with the final value of GDP in the second quarter was 4.2%. The growth of the economy in the third quarter showed signs of slowing down. The reason may be related to US President Trump’s implementation of personal tax rebates and corporate tax incentives in the second quarter. In the third quarter, tax incentives have gradually become ineffective and lack of incentives to stimulate economic power.

After the important economic data last week, this week's US job data is also very important. In addition to the US Labor Department's October job market report on Friday, investors are more likely to pay attention to the number of ADP private business jobs in the US in October. This data helps to estimate the number of non-agricultural employment announced by the US Department of Labor. On the night of the non-farm data release on Friday, the market paid more attention to the average hourly wage performance of the United States in October. Because the performance of wage data can help reference and evaluate the US CPl, these inflation data can help predict the Fed's monetary policy orientation, affecting the US dollar, and affect the price movement of the US dollar against major currencies and gold and other commodities.

Tonight, the US announced September personal spending and income, as well as the core PCE price index. The market expects the data to be higher than the previous value. I believe that before the results are announced, there will be opportunities to increase the US dollar, indirectly negative European currencies and other currencies against the US dollar, and also bearish the price of gold.

Today's suggestion:

EURUSD
1.1370/1.1355 support
1.1415/1.1430 resistance
The initial value of the third quarter GDP in the United States fell compared with market expectations, and the strength of the US dollar has slowed down, boosting the euro. The market is expecting a number of important data performances in the Eurozone this week, including Eurozone third-quarter GDP, September unemployment rate and October CPl data, as well as data from Germany, the major economy in the Eurozone. At the same time, US economic and job data also affects the performance of the euro. Technically, the euro continues to decline. If the data is released, the euro still has not broken the resistance of 1.1415 and 1.1430, indicating that the trend has not changed, and continues to test low. The short-term euro is likely to be expected by the Eurozone and US economic data, with support around 1.1355.

GBPUSD
1.2800/1.2785 support
1.2860/1.2875 resistance
The market is concerned about the position of the Bank of England on interest rates and monetary policy this Friday. In addition, the Brexit negotiations are equally important. On the eve of November, the market is concerned about the progress of the Brexit negotiations. If there is no good news to announce, the negative trend of the pound. Investors wait and see the US job data released, may be before the US ADP employment data released in October, due to market expectations of employment decline, short-term pounds, technical support is 1.2785, if it falls below 1.2710.

USDCHF
1.0015/1.0030 resistance
0.9965/0.9950 support
US economic data and interest rate outlook have affected the trend of European currencies, while the Brexit negotiations and the Italian budget remain unresolved. Some euro funds flow into the Swiss franc, and the Swiss franc is stronger than the euro. But we must pay attention to the impact of US job data this week.

USD/JPY
112.05/112.30 resistance
111.60/111.45 support
Fluctuations in the US stock market and global stock markets have driven the Japanese Nikkei index to fluctuate equally. The most important stock market direction is pulling the dollar against the yen. At present, we continue to observe trading hours in Asia and Europe, and the stock market moves against the dollar against the yen. Technically, continue to focus on the resistance of 112.60 and 112.75. If there is no breakthrough, the trend is still looking downward.

AUDUSD
0.7065/0.7055 support
0.7095/0.7105 resistance
This week, the October US job data will released, and there is an opportunity to expect the dollar to fall and boost the Australian dollar. Technically, focus on 0.7055 support. If the support is found successfully, there will be a chance of a "head and shoulders" pattern in the short-term situation, and the trend may turn from steady to rising.

NZDUSD
0.6505/0.6490 support
0.6530/0.6545 resistance
This week's the October US job data will released, and there was an opportunity to expect the dollar to fall and boost the New Zealand dollar. Technically, focus on 0.6545 resistance while observing 0.6505 support. If the support is found successfully, there will be a chance of a "head and shoulders" pattern in the short-term situation, and the trend may turn from steady to rising.

USD/CAD
1.3080/1.3060 support
1.3125/1.3145 resistance
Last week, the Bank of Canada raised interest rates by 0.25%, and the news has been digested. The central bank’s monetary policy stance remained neutral and did not indicate the next rate hike. The market is watching the Canadian GDP in August that released on Wednesday. If it continues to slow down, it may be negative for the Canadian dollar. However, the trend of oil prices may also drive one of the factors in the Canadian dollar, which deserves attention.

EUR/GBP
0.8890/0.8905 resistance
0.8865/0.8850 support
The EU and the British government said that the Brexit agreement still needs time to discuss, the British prime minister's status is affected, and the bearish pound is expected to continue its upward trend against the pound. If the fundamentals have not changed, it is estimated that the trend will continue to rise. Technically, 0.8865 is short-term support. If the trend continues to rise, it will test resistance at 0.8905.

EURCHF
1.1385/1.1400 resistance
1.1350/1.1335 support
After the EURCHF showed a double-top pattern, the trend showed an adjustment. The neckline target was 1.1365, which can be used as an important support. Currently in the vicinity of the neckline support, if you break through 1.1335 further, look down 1.1310. However, it must be noted that if it breaks through 1.1385, the trend will be reversed.

XAUUSD
1239/1242 resistance
1230/1228 support
The US Dow and global stock markets are fluctuation. Gold as one of hedging tools. If the stock market fell, and gold prices rose. Technically, the gold first resistance area between 1239 and 1240, and it is expected to support 1230 and 1228. But we must pay attention to the trend of the US Dow stock market, observe the trend of the US Dow, and help to grasp the trend of gold. If the market survey believes that the US job data is weak this week, the gold will expand the upside resistance.

US crude oil futures:
68.60/69.05 resistance
66.60/66.20 support
The United States formally imposed sanctions on Iran and oil prices rebounded. The market is waiting for other news and the crude oil inventories this week, which will boost oil prices in the short term. The recommendation is currently focused on $66 support. If the rebound, the first resistance target is $68.60.

BTCUSD:
6680 / 6750 resistance
6340 /6260 support
After the US released the Beige Book report, the US dollar weakened, positive the bitcoin. The market, now,focused on US job data this week. As expectation the bitcoin , US6750 is a important resistance. If anytime the Bitcoin reach US6340 or 6260 support and maintain US6000 support, the trend will be upward.

Reminder: In the past weekend, the European region has implemented winter time, and the European trading hours and data release time are one hour later than the summer time. Winter time will be implemented in North America from coming this Sunday to March 10, 2019, and the trading hours and data release time will be one hour later than the summer time.

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

 

[Kelly Yeung]

ATFX entered the Middle East in early 2018 and in just a short period of time, the level of service provided and the extensive knowledge within the team has created a niche for itself in the Market. This became apparent from the participation at the 13th JEFX 2018 where it won the Best Forex Customer Service by The Entrepreneur JFEX Awards.

On 26th of September 2018, ATFX opened a new office in ADGM Square on Al Maryah Island, in the UAE’s capital, Abu Dhabi which is another milestone in the business expansion.

In October 2018, ATFX participated as a Diamond Education Expert sponsor of Egypt Cairo Investment Expo, which was held on the 22nd and 23rd October. This two-day event was an important one for the Middle East region and saw an impressive attendance as well as popular speakers and influencers from this region.

ATFX believes that the event was significant, not just for the company’s team to network with other international firms but also spread the word about ATFX and its brand values. More importantly, given that the company has launched its Middle East offices, this event will prove valuable in establishing a strong footprint in the region.

The attendance was one of the largest gathering for Capital Markets and Business in Egypt. Speaking at the 2-day conference was Mr. Ramy Abouzaid, Head of Market Research of ATFX. Mr. Abouzaid took part in the panel discussion on ‘The analysis of global markets and forex’ where he discussed economic trends in the region, as well as ‘The age of Digital Assets’. An award dinner ceremony that concluded the event, presented ATFX with ‘Creativity and Excellence Award in Financial Markets’.

Eager to make a lasting impression in the minds of participants in the international financial markets, ATFX added that it plans to participate in various financial expos all over the world through 2019 to introduce its latest products and services to clients and brokers.

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]

ATFX, a global leading online trading broker has participated in IFINEXPO which hosted an event in Kuala Lumpur on the 27th of October at Mandarin Oriental Hotel to promote its widest ever range of institutional products to the fast-growing Southeast Asian market. The B2B expo was organized by Figure Finance.

This event hosted industry participants that included IBs, brokerages, and important regional strategic partners. ATFX participatedin the exhibition, 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 “Successful tradersWisdom and Equation in Investment”, with its speaker Mr. Martin Lam, ATFX Chief Analyst of Asia Pacific. Mr. Martin lead the discussion on the challenges of forex trading andshared his insights with an interested and enthusiastic audience.

Another speaker, Mr. Rayn Lim, is a trainer at ATFX. His topic was “You and I Will Both Profit - Trading Secrets That Professional Traders Don’t Want You to Know”, offering FX intuition in line with his professional experience.

The feedback has been very positive, as has been the significant benefit derived from ATFX’s services. The expo offered esteemed professionals from all over the world 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.

Mr. Keith Lee, General Manager of ATFX (Malaysia) stated that, “With the rapid development of the financial industry in Southeast Asia, business opportunities have sprung up.IFINEXPO gives us an opportunity for knowledge sharing and providing the platform for resources docking.”

ATFX and its team of experts are getting ready to participate once more in planned 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.