ATFX Press Releases - 2018

[Kelly Yeung]

Personal opinions today:

The Brexit Minister said that the United Kingdom and the European Union have reached an agreement on the draft of the Brexit agreement, and the GBPUSD and the EURUSD rebound. But this afternoon, British Prime Minister Teresa May announced the specific content of the agreement to convene a meeting of cabinet members. Whether the Conservative Party can accept the agreement remains doubtful, narrowing the pound's gains, and facing the opposition, the pound may face downward again.

This afternoon, the trend of EUR and the GBP will be affected by the third quarter GDP performance of Germany and the euro zone. At the same time, the UK October CPI and retail price index are more likely to cause the Pomeranian to clamp the UK CPI and retail price index in October. More likely to cause fluctuations in the US dollar. The market expects that the UK inflation data performance may be better than the previousvalue, positive for GBP. Finally, we must see whether the results can be more outstanding, boosting the pound and indirectly benefiting EUR. Finally, in the evening, the US announced October CPl and actual income data. If the results only meet market expectations, the strength of the dollar may slow down, USD may be down a bit.

Tomorrow morning, the chairman of the Federal Reserve Board of Governors Powell spoke. The market waits for the chairman to make a speech and make a preliminary understanding of the Fed's interest rate meeting next month. The dollar exchange rate will likely have a chance to fluctuate.

Today's suggestion:

EURUSD
1.1325/1.1355 resistance
1.1280/1.1255 support
Good news from the UK and EU Brexit drafts, boosting EURUSD. But today's German and Eurozone GDP data announcement, UK CPl and retail price index performance may hinder the increase. In the evening, the US CPl may bring the strength of the US dollar in October, and may eventually be bad for EURUSD. Technically, the euro found support in the 1.1215 against the US dollar, and the rebound was 38.2%. If the good news continues or the important data in the Eurozone is outstanding, EURUSD may be able to detect a rebound of 50%, 1.1355. The support bits 1.1280 and 1.1255 support bits are of interest.

GBPUSD
1.3050/1.3080 resistance
1.2960/1.2930 support
Yesterday, the UK job data in October was weaker than market expectations. The market focus on UK inflation data included the October CPl and retail price index. In the afternoon, British Prime Minister Teresa May announced the specific content of the agreement to convene a meeting of cabinet members, and finally whether he can get support from the opposition will become the revelation of the latest trend of the pound. Technically, the pound rebounded after 61.8% rebound. If the good news boosts the pound, the adjustment wave is expected to develop to 73.6%, 1.3080 or above. It is recommended to pay close attention to the UK data and the latest news of Brexit in the afternoon.

USDCHF
1.0050/1.0035 support
1.0075/1.0090 resistance
With the rebound in Europe and the United States, the dollar fell against the Swiss franc. It believes that the trend of Europe and the United States in the afternoon will indirectly affect the Swiss franc. In addition, attention to the US October CPl data in the evening, under the growth forecast, making the dollar strong, may be negative for the Swiss franc.

USD/JPY
114.05/114.20 resistance
113.75/113.60 support
Japan’s important data did not bring surprises to the yen’s movement. Instead, the Fed’s interest rate hike expectations, the dollar and yen spreads widened, and the yen has downside risks. Technically, the USD/JPY trend is more affected by the US Dow and the Japanese Nikkei. It is recommended to keep an eye on stock market performance. If the stock market continues to fall, it will affect the dollar's decline against the yen.

AUDUSD
0.7235/0.7250 resistance
0.7195/0.7180 support
The launch of the APEC meeting will help promote economic development in the Asia-Pacific region and enhance market expectations. At present, with the positive atmosphere and the rebound of the RMB exchange rate, the Australian dollar has rebounded and once challenged the rebound wave by 50%. However, today may be expected by the US CPl growth in October, the US dollar strengthened, the Australian dollar continued to test support, and broke the important support of 0.7180.

NZDUSD
0.6785/0.6800 resistance
0.6745/0.6730 support
The New Zealand dollar followed the Australian dollar's pace, but tonight the United States announced October CPl data, the market has growth expectations, the dollar may strengthen, the New Zealand dollar against the dollar down the support level, reference support 0.6745 and 0.6730. Further tests may be made at 0.6680 and 0.6660.

USD/CAD
1.3265/1.3280 resistance
1.3190/1.3170 support
Under the US CPl growth forecast in October, the US dollar strengthened, and the oil price fell further, which was more negative for the Canadian dollar. If the oil price suddenly rebounds, it is expected to change the weak dollar. Concerned US API crude oil inventories report tomorrow morning, if inventories decrease and the oil price up, good for Canadian dollar.

EUR/GBP
0.8675/0.8660 support
0.8740/0.8755 resistance
The main reference for the Brexit negotiations. 0.8700 is a short-term resistance. If the rebound breaks through the resistance, it is expected to test the resistance at 0.8755. Pay close attention to the performance of the UK and Eurozone in the next two days, can change the downward trend of the euro against the pound.

EURCHF
1.1355/1.1335 support
1.1405/1.1435 resistance
The EURCHF found a support. Technically, the euro against the Swiss franc broke the resistance of 1.1355 and 1.1370 respectively. Pay close attention to the performance of the Eurozone in the next two days, and finally change the downward trend of the EURCHF.

XAUUSD
1206/1209 resistance
1199/1196 support
Federal Reserve intends interest rates up, and gold has been downward. The dollar is strengthening and gold is facing adjustment risks. However, the stock market continued to fall, and once the safe-haven funds flowed into gold, the gold price rebounded. Before the US announced the October CPl tonight, the market expected the data to positive for USD. After the results were announced, they paid close attention to the stock market trend.

US crude oil futures:
58.35/58.65 resistance
54.75/58.45 support
After the Fed’s interest rate decision and Fed officials said that monetary policy is gradually tightening, affecting the global economy, production and consumption confidence, so that crude oil demand fell. OPEC failed to reach a reduction in production, resulting in an increase in crude oil inventories, which is also a bearish oil price. At present, it still looking the oil price failed to return to normal 58USD levels. Concerned US API crude oil inventories report tomorrow morning.

BTCUSD:
6325 / 6380 resistance
6195 / 6045 support
After the Fed’s interest rate decision, the market expects monetary policy to tighten, the demand of crypto currencies changed. Some capital and fund moved to bonds and debt markets to get higher returns and safety fund . Probably the trend may keep downward until next FOMC meeting in mid-December. Crypto currencies investors may have to concern， the trend will keep going downward.

Enjoy trading! 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 British Prime Minister Theresa. May led the cabinet to support the draft Brexit agreement, that is good news and indirectly led to an increase in EUR and GBP . However, the next draft of the Brexit agreement was submitted to the British Parliament. Whether the domestic Conservative Party and the opposition can accept the agreement remains questionable, even today, Prime Minister Teresa. May will face a vote of no confidence, affecting her prime minister's status, and the pound may face a bearish sentiment again.

This afternoon, the UK announced retail sales data, the euro zone announced the trade account, and at night the US announced retail sales, the number of jobless claims, the import price index and the regional manufacturing index, and finally commercial inventories. If the above data is lower than the market expectation, or the bearish currency is concerned, the degree of impact depends on the expected value and the difference in results.

Today's suggestion:

EURUSD
1.1280/1.1265 support
1.1340/1.1355 resistance
The British Prime Minister Theresa. May led the cabinet to support the draft Brexit agreement, good news boosted the euro. Technically, the upward trend in EURUSD is expected to continue, with the opportunity to extend to 1.1355. Support levels 1.1280 and 1.1265 will be of interest. Pay attention to whether the results of the euro zone trade account in the afternoon can drive the EURUSD to test 1.1355. Note that the performance of US retail sales and employment data tonight will affect the performance of the US dollar, which will indirectly affect the trend of EUR. Currently, the market expects the US data to have a negative euro.

GBPUSD
1.3050/1.3070 resistance
1.2940/1.2920 support
The British Prime Minister Theresa. May led the cabinet to support the draft Brexit agreement, good news boosted the pound. Technically, the upward trend of the pound is expected to continue, with the opportunity to extend to 1.3050 or 1.3070. Support levels 1.2940 and 1.2920 will be of interest. Looking at the UK retail sales data in the afternoon, the market is expected to grow from a negative 0.8% to 0.2% in the previous month, which is expected to drive GBPUSD to test the resistance of 1.3050 and 1.3070 last night. But pay attention to the performance of US retail sales and job data tonight, the performance of the US dollar, indirectly affecting the pound.

USDCHF
1.0050/1.0035 support
1.0085/1.0095 resistance
Good news came from the Brexit incident. The US CPl inflation data in October only met market expectations, and the Swiss franc was bullish. The performance of US retail sales and job data tonight is being watched, and the performance of the US dollar indirectly affects the Swiss franc. At present, the market expects the US data to have a bearish euro and Swiss franc.

USD/JPY
114.05/114.20 resistance
113.40/113.25 support
Japan’s important data did not bring surprises to the yen’s trend. On the other hand, the Fed’s interest rate hike expectations, the dollar and yen spreads widened, and the yen has downside risks. However, the technical return to the basics, the USDJPY trend was affected by the decline of the US Dow and the Japanese Nikkei index, falling simultaneously. It is recommended to keep an eye on the performance of the stock market. If the stock market continues to fall, the expansion will affect the decline of the USDJPY .

AUDUSD
0.7280/0.7300 resistance
0.7250/0.7235 support
The launch of the APEC meeting will help promote economic cooperation in the Asia-Pacific region and raise market expectations. At the end of the month, the Chinese and American leaders met. The two countries indicated that they are arranging a meeting to discuss the agenda. At present, with the relevant favorable atmosphere and increasing the opportunity for the RMB exchange rate to rise, the Australian dollar has also benefited from the increase, and once challenged the rebound wave of 85.2%, 0.7298. At present, the market expects US data positively US dollars tonight. The Australian dollar will be adjusted. The reference support below is 0.7250 and 0.7235.

NZDUSD
0.6795/0.6805 resistance
0.6770/0.6760 support
Last night, the US CPl data, only in line with expectations, the dollar's strength slowed, the New Zealand dollar rose. At present, the market expects US data positively US dollars tonight. The New Zealand dollar will be go down for adjustment. The reference support below is 0.6770 and 0.6760.

USD/CAD
1.3265/1.3290 resistance
1.3225/1.3215 support
The US CPl growth in October only met the forecast, the US dollar weakened and the Canadian dollar rose. Unfortunately, crude oil inventories continued to increase, and oil prices could not continue after the rebound, and the negative Canadian dollar. At present, if oil prices suddenly rebound, it is expected to change the weak dollar. It is currently estimated that the USDCAD will look for resistance at 1.33.

EUR/GBP
0.8675/0.8660 support
0.8740/0.8755 resistance
The Brexit negotiations and progress are the main important references. 0.8700 is expected to test resistance at 0.8755 after a short-term resistance breakout. At the same time, pay close attention to the performance of the UK and the Eurozone in the next two days, can you deviate from the downward trend of the EURGBP.

EURCHF
1.1385/1.1365 support
1.1415/1.1435 resistance
The Brexit situation has progressed, and the bullish euro has suspended the EURCHF. Technically, the EURCHF broke through the resistance of 1.1355 and 1.1370, respectively, and looked at the resistance of 1.1415 and 1.1435. Pay close attention to the performance of the Eurozone in the next two days, and finally change the downward trend of the EURCHF.

XAUUSD
1212/1216 resistance
1206/1202 support
The US CPl only met market expectations, against of the interest rate hikes, and the US Dow continued to fall, affecting the performance of global stock markets, and gold price rebounded. Technically, it is recommended to test the resistance of 1212 and 1216. The support may be 1206 and 1202.

US crude oil futures:
56.80/57.25 resistance
54.75/54.45 support
After the Fed’s interest rate decision and Fed officials said that the monetary policy is gradually tightening, affecting the global economy, and the confidence in production and consumption is declining. Crude oil demand fell, and today announced the increasing US API crude oil inventories, negative the oil prices. After the oil price fell below US$58, it failed to return to normal levels. The oil price trend was not good. It is estimated that the price has opportunity toward 54 and 53 US dollars.

BTCUSD:
5670 / 6000 resistance
5395 / 5045 support
As our forecast before, the Fed intends rise the interest rate and keep monetary policy is gradually tightening, the demand of crypto currencies changed. Capital and fund moved to bonds and debt markets to get higher returns and safety fund. Probably the whole crypto currencies market’s trend may keep downward until next FOMC meeting in mid-December. Crypto currencies investors may have to concern， now the trend will keep going downward and fluctuation. New downside target may test USD 5000.

Enjoy trading! 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 UK Brexit Minister suddenly resigned. Before the draft of the Brexit agreement was submitted to the British Parliament, in the face of the opposition of the Congress and the vote of no confidence, which affected the investor's expectations, the pound fell again and reached 1.27 level. The EU requested the Brexit Committee to pass the draft agreement on November 25 and submit it to the EU for adoption. If the internal contradictions in the UK are divided before the deadline, the issue of Brexit will be seriously threatened, and the trend of the pound may fall further.

At the end of November, G20 was held. The market renewed expectations of Sino-US leaders' meeting, hoping to resolve trade contradictions between the two countries, easing the US's implementation of tariff enhancement policies on China's comprehensive goods and China's anti-defect war at the end of the year. The US Dow rebounded more than 200 points. Asian stock markets used to follow and go up, the dollar rebounded against the yen, and gold temporarily stopped trading at $1216, implying downside risks.

Today's suggestion:

EURUSD
1.1355/1.1390 resistance
1.1300/1.1280 support
At 16:30 pm, ECB President Mario Draghi will deliver a speech, and then the euro zone announced the CPl in October. The market expects to keep improving and the euro will outperform the pound. Technically, the upward trend of euro, temporarily extending to 50% of the rebound, 1.1355 stop, support 1.1280 will be concerned. Today, ECB President Mario Draghi said that if the speech does not provide the outlook for the economic growth of the euro zone and tighten the monetary intention, there is an opportunity to be short on euro. After all, the risk of Brexit and the fall of the pound may indirectly affect the decline in euro.

GBPUSD
1.2825/1.2855 resistance
1.2735/1.2695 support
The UK Brexit Minister has resigned. The Prime Minister is facing impeachment and political uneasiness, increasing the risk of falling pounds. In addition, UK retail sales in October fell slightly from last month, and the interest rate hike in the UK is hopeless. Then limited the pound value. Technical attention to the 1.2825 and 1.2855 resistance.

USDCHF
1.0050/1.0035 support
1.0085/1.0095 resistance
The upward trend in euro has driven the Swiss franc to work well. However, it is currently concerned about whether the Eurozone's October CPl inflation data and European Central Bank President Mario Draghi can boost the euro and indirectly benefit the Swiss franc. Technical attention to 1.0035 support and 1.0095 resistance, any breakthrough has the opportunity to drive new directions.

USD/JPY
113.75/113.90 resistance
113.30/113.15 support
USD/JPY technically follows the pace of the US Dow and Japan's Nikkei. It is recommended to keep an eye on the performance of the US and Japanese stock markets. If the stock market continues to fall, the expansion will affect the dollar's decline against the yen. On the contrary, the stock market rose, which is expected to boost the dollar against the yen. Because Sino-US trade is expected to resolve, positive the stock market, organically it will make the stock market rise, bullish the dollar against the yen

AUDUSD
0.7300/0.7315 resistance
0.7250/0.7235 support
The APEC meeting launched to promote economic cooperation in the Asia-Pacific region. At the end of this month, the China and US leaders met and the two countries planned to discuss and resolve trade differences. The Australian economy is expected to further benefit from the favorable atmosphere and increase the chances of the Australian dollar rising. At present, AUDUSD may continue to test the resistance above the rebound wave. The reference support below are 0.7250 and 0.7235 respectively. However, if AUDUSD lose the 0.7235 support, the trend will be reversed, so please pay attention.

NZDUSD
0.6855/0.6870 resistance
0.6825/0.6810 support
At the end of this month, China and US leaders met and the two countries planned to discuss and resolve trade differences, indirectly stimulating New Zealand exports to Chinese goods and improving economic performance. We will benefit the atmosphere and increase the chances of the New Zealand dollar rising. It maybe believe that if the New Zealand dollar is adjusted, the support level below is 0.6810. However, if NZDUSD lose the support level, the trend will be reversed, so please pay attention.

USD/CAD
1.3200/1.3225 resistance
1.3155/1.3140 support
US retail sales growth in October was better than expected, import prices and the New York Fed manufacturing index rose, and the market expects demand for crude oil to grow. In addition, crude oil production is expected to decrease, oil prices will rise, and Lido will be added. If the oil price rebounds further, it is expected to change the weak dollar. Technically, the US dollar against the Canadian dollar fell below 1.3140 support, the lower support can refer to 1.3085.

EUR/GBP
0.8885/0.8905 resistance
0.8830/0.8805 support
The euro rose, the pound fell sharply, and the euro rose sharply against the pound. Technically, the euro is the downtrend against the pound. However, in the afternoon, the ECB president’s speech and the euro zone data performance, if the euro is not favorable, so that euro fell, the euro may be adjusted against the pound. EUR/GBP may go down.

EURCHF
1.1415/1.1435 resistance
1.1385/1.1365 support
Pay close attention to the ECB president's speech in the afternoon and the performance of the Eurozone data. If the euro is not favorable, the euro will fall, and the euro may down and bullish the Swiss franc. EURCHF will fall. Technically, the 1.1435 resistance is very important and worthy of attention.

XAUUSD
1218/1220 resistance
1211/1208 support
The Brexit issue is full of crises. The sterling asset hedge funds flow into gold suddenly and the price is testing 1216. The risk continues and gold is likely to challenge $1,220. However, it must be noted that Sino-US relations have eased and the stock market has risen, which has led to the outflow of funds from the gold market. At present, there is a lot of strength to get gold price down, pay attention to trading risks.

US crude oil futures:
57.25/58.00 resistance
56.20/55.75 support
Crude oil demand is expected to rise, crude oil supply has the opportunity to reduce, and bullish oil prices. At present, it is still looking any good news, whether the oil price can return to 58 US dollars and back to normal price level of crude oil.

BTCUSD:
5670 / 6000 resistance
5395 / 5045 support
US Fed intends interest rate hike, the demand of crypto currencies changed. More capital and fund moved to bonds and debt markets to get higher returns and keep safety. Probably the whole crypto currencies market’s trend may keep downward until next FOMC meeting in mid-December. Crypto currencies investors may have to concern, now the trend will keep going downward and fluctuation. New downside target may test USD 5000. But the bitcoin break USD6000 resistance, it maybe change the downward trend.

Enjoy trading! 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.

 

[Kelly Yeung]

Personal opinions today:

The Brexit issue dominates the fate of the pound. The EU Brexit Committee required the British government to submit a draft of the Brexit agreement by the 25th of this month, so that the European Commission has enough time to review and pass the Brexit bill next year. Unfortunately, the British parliament is full of contradictions, and the parties and members of Congress who oppose the draft Brexit agreement are harassing. The British opposition parties are interested in forcing British Prime Minister Tracy May to take the lead. In the face of British political risks and the process of Brexit is uncertain. Pounds fell below 1.30, 1.28. The market is looking tomorrow. The Bank of England governor and vice president to issue the central bank's November inflation report. Faced with the above problems, the pound fell, indirectly limiting the rise of other European currencies.

The outlook for the UK is uncertain. The Fed may suspend interest rate hikes. Some of the funds flow to gold. After the gold broke through $1,216, it once went up to $1,225. However, the Asia-Pacific Economic and Trade Organization cooperation conference has achieved results and Sino-US trade relations have eased and the stock market has risen. Or hedge funds will flow out of gold, limiting gold gains. In addition, strengthening economic and trade cooperation will help production and consumption. Some funds may flow to the crude oil market and have the opportunity to increase oil prices.

Today's suggestion:

EURUSD
1.1425/1.1455 resistance
1.1375/1.1355 support
The progress of the Brexit and political risks, there is an opportunity to make the pound fall, which may indirectly affect the decline of euro. In addition, the current market estimates that the Fed may suspend interest rate hikes, but the news has not been confirmed, and may not be enough to maintain further up in euro. Technically, the two resistance positions of the rebound wave are the resistances of 1.1425 and 1.1455, respectively, and the risk of reversing the trend is maintained.

GBPUSD
1.2875/1.2900 resistance
1.2790/1.2779 support
The progress of the Brexit agreement has worried the market. The British Prime Minister has been impeached by Congress and politically uneasy, increasing the risk of falling pounds. In the pound, the US rebounded its power limit, while the technical attention was paid to the resistance of 1.2875 and 1.2900. If the breakthrough fails, you will always face the downside risk.

USDCHF
0.9985/0.9965 support
1.0025/1.0045 resistance
The rebound in euro led to the rise of the Swiss franc. The main reason is that the market estimates that the Fed may suspend the interest rate hike and indirectly benefit the Swiss franc. However, whether the Fed’s interest rate hike is suspended is difficult to assess at present, and the market still believes that the Fed will raise interest rates in December. If the dollar continues to be strong, the US dollar against the Swiss franc technically pays attention to return to the resistance of 1.0025 and 1.0045.

USD/JPY
113.15/113.35 resistance
112.55/112.35 support
The market estimates that the Fed may suspend interest rate hikes and indirectly boost the yen. However, whether the Fed’s interest rate hike is suspended is difficult to assess at present, and the market still believes that the Fed will raise interest rates in December. If the dollar strengthens, the dollar will have a chance to rebound against the yen. Technically, 112.55 is the low level in early November, so pay attention to this important support level.

AUDUSD
0.7330/0.7345 resistance
0.7295/0.7280 support
The APEC meeting promoted economic cooperation in the Asia-Pacific region. The conference adopted a number of cooperation programs to stimulate the economy. In addition, at the end of this month, the leaders of China and the United States met and the two countries planned to discuss and resolve trade differences, boosting the currencies of the Asia-Pacific region and driving the Australian dollar to rise. At present, it is recommended to start to focus on downside risks and explore the support below.

NZDUSD
0.6880/0.6895 resistance
0.6840/0.6825 support
At the end of the APEC meeting, multilateral trade cooperation has boosted the Asia-Pacific economy and stimulated New Zealand’s economic performance. But after the meeting, It maybe believe that the New Zealand dollar may be adjusted. Currently concerned about the support levels below, such as 0.6840 and 0.6825. However, if you lose the support level, the trend will be reversed.

USD/CAD
1.3180/1.3200 resistance
1.3135/1.3120 support
The price of oil has risen, with a bullish Canadian dollar. Coupled with the market expectation that the Fed may suspend interest rate hikes, it has boosted the Canadian dollar. However, it is believed that the market continues to evaluate the Fed’s interest rate hike in December, which is a negative for the Canadian dollar. If the oil price does not continue to rise, pay attention to the risk of the Canadian dollar falling, the dollar against the Canadian dollar to explore the resistance of 1.3200.

EUR/GBP
0.8895/0.8925 resistance
0.8855/0.8835 support
The euro rose, the pound fell, and the euro against pound rose. Technically, the euro has been out of the downward trend for a while. If the EURUSD adjusts and fall, the euro may also adjust to fall against the pound.

EURCHF
1.1415/1.1435 resistance
1.1385/1.1365 support
It seems the euro’s trend is better than the Swiss franc, and the euro is rising against the Swiss franc. If the euro’s trend fall in the near future, the euro may adjust to fall against the Swiss franc. Technically, the 1.1435 resistance is very important and worthy of attention.

XAUUSD
1226/1230 resistance
1218/1214 support
The Brexit problem has created new risks, and some assets flow to gold for hedge. Coupled with the Fed may suspend interest rate hikes, so that the price of gold rose. If the risk continues to deteriorate, gold may challenge $1,230. However, it must be noted that Sino-US relations have eased and the stock market has risen, which has led to the outflow of funds from the gold market. At present, long and short positions are in focus and pay attention to trading risks.

US crude oil futures:
58.15/58.85 resistance
56.70/56.20 support
The OPEC agreed to cut production, and the Fed intends to suspend interest rate hikes, boosting demand for crude oil. Whether the oil price can fully return to 58 US dollars and restore the reasonable normal price, it means the market concerns changed. In general, as winter enters, the demand for crude oil generally rises, and oil prices are expected to improve.

BTCUSD:
5670 / 5820 resistance
5395 / 5240 support
US Fed intends interest rate hike, the demand of crypto currencies changed. Probably the crypto currencies may keep downward until next FOMC meeting in mid-December. The downside target may test USD 5240 first support. If the bitcoin break USD5820 resistance, it maybe change the downward trend.

Enjoy trading! 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 Sino-US trade war and the uncertainty of the relationship between the two countries, the Fed maintains expectations for December plus, the performance of large US companies is not expected to perform well, the investment bank assesses the value of large companies' stocks and set lowers the target price, the US Dow continue to fell on the second day. On Friday at the EU summit, whether the UK and the EU government can finally reach an agreement is still full of variables. However, the Spanish government of the EU member states opposes the current draft of Brexit, euro fell. The risk sentiment fluctuated and once stimulated the gold to test 1,228 US dollars, but the Fed maintained a rate hike and the gold level fell. All kinds of bad news in the market, bad oil prices, crude oil prices also fell.

US Thanksgiving Day holiday on Friday, some US data were announced in advance. Tonight, the United States announced the number of initial jobless claims and jobless claims last week. The October durable goods order and the University of Michigan consumer confidence index are even more important. Because the data will affect the US GDP data forecast for next Wednesday.

Today's suggestion:

EURUSD
1.1375/1.1405 resistance
1.1320/1.1290 support
After the Brexit progress and political risks, the Spanish government intends to oppose the draft of the Brexit, which makes the market worry that the agreement was not finalized at the EU summit on Friday, affecting the performance of euro. EURUSD fell by nearly 100 points compared with yesterday. It can be believe that the trend is still at a disadvantage and there is a chance to further explore the low level.

GBPUSD
1.2825/1.2850 resistance
1.2765/1.2740 support
After the Brexit progress and political risks, the Spanish government intends to oppose the draft of the Brexit, which makes the market worry that the agreement was not finalized at the EU summit on Friday, affecting the performance of the pound, and the pound fell by nearly 100 points compared with yesterday. I believe that the current US dollar is weak, and there is a chance to further explore the low. However, it is necessary to pay attention to the British government and the Prime Minister's remarks. If the speech is positive, there is an opportunity to boost the pound's resistance to the 1.2850.

USDCHF
0.9945/0.9920 support
0.9975/1.0000 resistance
The event of Brexit is unclear, and the performance of euro has reversed, affecting the decline of the Swiss franc. The market still believes that the Fed will raise interest rates in December. If the dollar continues to be strong, the US dollar against the Swiss franc. Technically, it could be return to the upper resistance, such as 0.9975 or 1.00 resistance.

USD/JPY
112.85/113.05 resistance
112.55/112.35 support
The US Dow fell, dragging down Asian stock markets, and the dollar fell against the yen. In the morning, the Nikkei index has a low level, and the dollar has risen against the yen. The market currently estimates that the Fed may raise interest rates in December, which indirectly affects the yen's chances of falling. If the stock market stabilizes and rebounds, the USD/JPY may break through 113 resistance. In the short-term technical, the USD/JPY has fallen below the low of 112.55 in early November, but believes that under the influence of fundamentals, it can be stabilized. It could be reach 113 or higher.

AUDUSD
0.7235/0.7250 resistance
0.7185/0.7170 support
Recent analysis pointed out that the good news of stimulating the economy has been digested, and the Australian dollar began to adjust against the US dollar. The market is looking forward to the end of this month, the Chinese and American leaders meet, the two countries resolve trade differences, boost the economy of the Asia-Pacific region and drive the rise of the currency, the Australian dollar is expected to benefit. Technically, AUDUSD test the resistance above the rebound wave and failed to enter the adjustment stage. It is recommended to keep an eye on the downside risks and explore the support below.

NZDUSD
0.6795/0.6820 resistance
0.6750/0.6725 support
The New Zealand dollar and the Australian dollar have the same trend and fundamental influence. The good news of stimulating the economy has been digested, and the New Zealand dollar has adjusted to the US dollar. The market is looking forward to the end of this month, the Chinese and American leaders will meet, the two countries will resolve trade differences, boost the economy of the Asia-Pacific region and drive the rise of the currency. The New Zealand dollar is expected to benefit. Yesterday, it is recommended to keep an eye on the downside risks. The support below 0.6795 has been tried and the trend will be further down.

USD/CAD
1.3350/1.3375 resistance
1.3285/1.3270 support
Oil price fluctuations affect the Canadian dollar. At present, the oil price fell below 55 US dollars, and the market expects the Fed to raise interest rates in December, but the Bank of Canada has no intention to raise interest rates, which is bad for the Canadian dollar. If the oil price does not continue to rise, pay attention to the risk of the Canadian dollar falling. The short-term concern is that the US dollar against the Canadian dollar 1.3350 and 1.3375 resistance, and have the opportunity to test 1.34.

EUR/GBP
0.8925/0.8945 resistance
0.8880/0.8865 support
Euro and the pound have fallen by a hundred points yesterday, but the level is the same, and it has not affected the volatility of the euro against the pound. At present, the euro is still on an upward trend with the pound. If the pound falls, the euro may rise to a high level against the pound.

EURCHF
1.1340/1.1365 resistance
1.1270/1.1250 support
The Brexit case caused the decline in euro, and the Swiss franc performed normally, causing the euro to fall against the Swiss franc. If euro may keeping adjust to decline, the euro may continue to extend the decline against the Swiss franc.

XAUUSD
1225/1227 resistance
1218/1216 support
The Brexit issue has created new market risks, and some of the pound risk assets have flowed to the gold to hedge, making the gold price trend still go up. If market risk continues to deteriorate, gold is likely to test US$1,230. However, it must be noted that the Fed may expect to raise interest rates in December, which will lead to the outflow of funds from the gold market. At present, long and short positions are in competition and attention any trading risks.

US crude oil futures:
55.15/55.85 resistance
53.70/53.20 support
Earlier, the OPEC agreed to cut production from next month, and the Fed intends to suspend interest rate hikes, which once stimulated the rise in demand for crude oil. It is expected that the supply of crude oil will have the opportunity to reduce the price of oil. The decreasing in US crude oil inventories is expected to return oil prices to US$55 and then US$58. In general, as winter, crude oil demand generally rises and oil prices are expected to rise.

BTCUSD:
4450 / 4680 resistance
4060 / 3875 support
US Fed intends interest rate hike and US government increasing legal regulation to all crypto currencies, the demand of crypto currencies changed. Some crypto miners stop to create mining, probably let the bitcoin price stable. However, the crypto currencies may keep downward until next FOMC meeting in mid-December. The downside target may test lower support. If the bitcoin break USD4680 resistance, hopefully, that can be change the trend.

Enjoy trading! 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:

On the eve of the US Thanksgiving holiday, some US data were announced in advance. Last night, the US released the jobless claims, the durable goods orders in October and the University of Michigan consumer confidence index. All relevant data will affect the US GDP data forecast next week. Due to the performance of US data yesterday, Fed officials said that it is possible to suspend the pace of interest rate hikes next spring, stimulating the performance of the Dow, but the dollar is adjusted. In Europe, the Italian government's fiscal deficit budget, attitude began to soften, the Italian government intends to amend the budget, to avoid EU government financial sanctions, the euro performance has improved.

Today the European Central Bank announced the October monetary policy meeting record and the euro zone consumer confidence index for November. On the eve of the US Thanksgiving holiday, there is no data released in the US and the US market is closed. Please pay attention to investors!

Today's suggestion:

EURUSD
1.1405/1.1425 resistance
1.1360/1.1340 support
During the EU summit, the UK and the EU reached a draft of the Brexit, but the market worried that the Spanish government intends to oppose the draft of the Brexit, so that the Brexit agreement could not be finalized and continue to affect the performance of Euro. It is believe that there is still a chance for the euro to go down further. Explore the low position. More focus on 1.1425 resistance and 1.1455 important resistance in the short term.

GBPUSD
1.2815/1.2835 resistance
1.2765/1.2740 support
The progress of the Brexit and political risks have affected the performance of the Pound US. Since the fall of the Pound US, the US dollar has weakened and the Pound US still cannot recover. It is believe that the current US dollar is weak, and there is a chance to further explore the low. However, it is necessary to pay attention to the British government and the Prime Minister's remarks. If the speech is positive, there is an opportunity to boost the pound's resistance to the 1.2850.

USDCHF
0.9935/0.9920 support
0.9965/0.9980 resistance
The Brexit incident is unclear, and the performance in Euro has weakened, which also affects the trend of the Swiss franc. The market still believes that the Fed will raise interest rates in December. If the US dollar remains strong, the US dollar against the Swiss franc technically pay attention to return to the upper resistance, such as resistance of 0.9980 or above.

USD/JPY
113.20/113.40 resistance
112.75/112.55 support
The stock market rebounded and the dollar returned to 113 resistance against the yen. Technically, USD/JPY 112.55 is the low level in early November. It is believe that under the support of the fundamentals, 112.55 support can be maintained for some time, and it is expected to test 113.80.

AUDUSD
0.7275/0.7295 resistance
0.7220/0.7200 support
Federal Reserve officials said it is possible to suspend the pace of interest rate hikes next year and boost the Australian dollar. However, the market generally expects the Fed to raise interest rates in December. At the end of this month, the leaders of China and the United States met with unknown results, which is believed to be one of the obstacles. Technically, it is recommended to keep an eye on the downside risks and explore the support below in short term.

NZDUSD
0.6795/0.6820 resistance
0.6750/0.6725 support
Yesterday, the Fed officials said it is possible to suspend the pace of interest rate hikes next year, and the New Zealand dollar has rebounded. However, the market generally expects the Fed to raise interest rates in December. At the end of this month, the leaders of China and the United States met with unknown results, which is believed to be one of the obstacles. In the US Thanksgiving holiday, It is believe that New Zealand will enter the adjustment stage. It is recommended to keep an eye on the downside risks and explore the support below in short term.

USD/CAD
1.3250/1.3275 resistance
1.3205/1.3180 support
The price of crude oil fluctuated, but the trend was weak and bearish for the Canadian dollar. Federal Reserve officials said that they may stop raising interest rates after spring, oil prices have risen and the Canadian dollar rebounded. At present, we are closely monitoring the impact of oil price performance on the Canadian dollar.

EUR/GBP
0.8925/0.8945 resistance
0.8880/0.8865 support
A few days ago, Euro and the pound have fallen by a hundred points, but the magnitude is the same. It has not affected the volatility of the euro against the pound. The euro is currently performing better and maintaining the upward trend of the euro against the pound. If the pound falls, the euro may rise to the pound.

EURCHF
1.1340/1.1355 resistance
1.1300/1.1280 support
The Brexit issue continues to worry, Italy's finances may be sanctioned by the EU, causing the euro to fall, while the Swiss franc is performing normally, causing the euro to fall against the Swiss franc. If Euro may decline future in the near future, the euro may further decline against the Swiss franc.

XAUUSD
1228/1230 resistance
1222/1220 support
The Brexit problem in the UK has created new risks, and the price of gold has increased due to risk aversion. In addition, the new news means that the Fed may stop raising interest rates after a possible interest rate hike in December, so that gold will once again test for $1,230. But the stock market returns strengthened, gold may go down. At present, long and short positions are in competition and attention is paid to trading risks.

US crude oil futures:
55.55/56.05 resistance
53.90/53.50 support
Earlier, the oil group agreed to cut production next month, and the Fed intends to suspend interest rate hikes, which once stimulated the rise in demand for crude oil. It is expected that the supply of crude oil will have the opportunity to reduce the price of oil. The reduction in US crude oil inventories is expected to return oil prices to US$55 and then US$58. The winter starts , crude oil demand generally rises and oil prices are expected to rise.

BTCUSD:
4680 / 4920 resistance
4060 / 3875 support
US Fed intends interest rate hike and US government starting to control and setting legal regulation to all crypto currencies, it made the demand changed. Some crypto miners said they already stop mining, probably let the bitcoin price stable. However, the crypto currencies may keep downward until next FOMC meeting in mid-December. The downside target may test lower support. If the bitcoin break USD4680 resistance, hopefully, that can be change the trend.

Enjoy trading! 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:

During the US Thanksgiving holiday, the US market was closed early, and it is believed that market volatility may be more stable due to lack of data. After the market waits for the holidays, wait and see the results of the US GDP data. A few days ago, Fed officials said that it is possible to suspend the pace of interest rate hikes starting next spring, stimulating the performance of the Dow, but affecting the dollar adjustment. In Europe, the Italian government's fiscal deficit budget, attitude began to soften, the Italian government intends to amend the budget, to avoid EU government financial sanctions, the euro performance is expected to further improve.

Today's third quarter GDP in Germany, the euro zone manufacturing purchasing managers index. Canadian retail sales and CPl.

Today's suggestion:

EURUSD
1.1425/1.1445 resistance
1.1375/1.1355 support
Before the EU summit, the UK and the EU may reach a draft of the Brexit, and the euro is supported, but the Brexit agreement is still awaiting finalization, euro uptrend is limited. At present, we are concerned about the resistance of 1.1425 and the important resistance of 1.1445. If the progress of the Brexit is smooth, it can test the 1.15 mark.

GBPUSD
1.2915/1.2935 resistance
1.2855/1.2835 support
The British government and the Prime Minister’s comments were positive, boosting the pound’s breakthrough resistance at 1.2850. Britain's Brexit progress is optimistic, the British political turmoil has temporarily subsided, the pound's trend has turned stronger, and the pound has the opportunity to test the key resistance of 1.30. However, it is necessary to pay attention to the market adjustment risk before the US holiday, 1.2835 for reference support.

USDCHF
0.9935/0.9920 support
0.9965/0.9980 resistance
The Brexit progress is optimistic, the British political turmoil has temporarily subsided, and the European currency has turned stronger, supporting the Swiss franc. The market still believes that the Fed will raise interest rates in December. If the dollar continues to be strong, the dollar has a chance to return to high resistance against the Swiss franc, such as resistance at 0.9980.

USD/JPY
113.20/113.40 resistance
112.75/112.55 support
The stock market stabilized and the funds flowed out of the yen. The dollar has returned to 113 resistance against the yen. If the stock market rises further, the dollar is expected to continue to rise against the yen. Technically, 112.55 is the low level in early November. It may believe that the fundamental support is expected to test 113.80.

AUDUSD
0.7275/0.7295 resistance
0.7220/0.7200 support
Federal Reserve officials said that starting next spring, it is possible to suspend the pace of interest rate hikes and increase the Australian dollar. However, the market generally expects the Fed to raise interest rates in December. At the end of this month, the summit of the G20, the market waits for the outcome of the meeting between the leaders of China and the United States. It is recommended to keep an eye on the downside risks and explore the support below.

NZDUSD
0.6820/0.6840 resistance
0.6780/0.6765 support
Federal Reserve officials said that starting next spring, it is possible to suspend the pace of interest rate hikes, bullish New Zealand dollars. However, the market generally expects the Fed to raise interest rates in December. At the end of this month, the summit of the G20, the market waits for the outcome of the meeting between the leaders of China and the United States. It is recommended to keep an eye on the downside risks and explore the support below.

USD/CAD
1.3230/1.3255 resistance
1.3180/1.3155 support
Crude oil prices fluctuated, but the trend was weak and bearish for the Canadian dollar. Federal Reserve officials said that they may stop raising interest rates after the spring of next year, and oil prices have risen, and the bullish Canadian dollar. At present, we are closely monitoring the impact of oil price performance on the Canadian dollar.

EUR/GBP
0.8880/0.8900 resistance
0.8840/0.8825 support
New progress has been made in Brexit, which boosted the pound and the euro fell against the pound. Looking at the final result in the EU summit on the weekend. If the implementation is finalized, the euro's decline against the pound may increase.

EURCHF
1.1360/1.1385 resistance
1.1315/1.1300 support
The issue of Brexit has improved, but the problem of Italy's fiscal deficit has not changed. There is still a chance to be sanctioned by the EU, which puts the euro down. The Swiss franc is performing normally, causing the euro to fall against the Swiss franc. If euro may fall in the future, the euro may continue to extend the decline against the Swiss franc.

XAUUSD :
1228/1230 resistance
1222/1220 support
The new risk of Brexit has not changed, and gold continues to be hedged, with prices around 1230. However, after the Fed may raise interest rates in December, it may stop raising interest rates, making gold reaching $1,230. At present, long and short positions are in dispute with the US holiday, paying attention to trading risks.

US crude oil futures:
54.55/55.05 resistance
53.50/53.00 support
Earlier, the OPEC agreed to cut production next month, and the Fed intends to suspend interest rate hikes, which is expected to keep demand for crude oil rising. It is expected that the supply of crude oil will have the opportunity to reduce the price of oil. In general, during the winter, the demand for crude oil has generally increased, and it is expected to increase the price of oil.

BTCUSD:
4680 / 4920 resistance
4060 / 3875 support
US Fed intends interest rate hike and US government intends to control the crypto currency market , it made the demand changed. Some crypto miners already stop mining, probably let the bitcoin price stable. However, the crypto currencies may keep downward until next FOMC meeting in mid-December. The downside target may test lower support. If the bitcoin break USD4680 resistance, hopefully, that can be change the trend.

Enjoy trading! 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 is a global forex broker rapidly expanding across Europe. The firm recently participated in the Investment & Trading Forum (IT Forum) on the 27th through the 28th of November. Held in Palazzo delle Stelline, a professional conference hall in Milan.The IT Forum brings hosts top brokers, economists, business leaders and traders who meet for two days to discuss the world’s most pertinent investment and trading topics.

Furthermore, the event brought together the global companies specializing in the financial markets. The large number of participants gave ATFX’s experienced team a fantastic opportunity to meet potential clients and partners who are interested in knowing more about the rising online trading company, and what it has to offer.

Giovanni Luca Losapiowas one of the key speakers at the seminar, where they covered: "Spread Trading: the market neutral strategy".. During the seminar, useful insights about the financial markets and trading instruments were shared and, the bases of market neutral operations and how to use a customized indicator for MT4 that tracks the spread ratio for any pair of markets was discussed..

Ergin Erdemir, ATFX (UK) Head of Marketing commented, “We are excited about the European market and the business contacts we established during the forum. We believe that Italy is a great region offering a lot of potential and we look forward to increasing our stake in the market..

While ATFX believes in improving its offering to meet the market’s evolving demands, the online broker doesn’t neglect the importance of meeting global peers and exchanging ideas with other members of either the general financial market or the FX market in particular, especially during the current period of increasing global financial business for ATFX.

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]

Personal opinions today:
Over the weekend, the G20 leaders’ high-level talks between China and the United States have initially improved relations, eased trade tensions between China and the United States, and temporarily improved the investment climate. The US Dow futures rose well and made the Asia-Pacific stock market better. Japan's Nikkei index, China's A50 gap opened higher. The Hong Kong stock market continues to rise. However, it must be noted that at present, China and the United States only agree to extend the trade truce for 90 days, but only bring dawn to the trade atmosphere. Many Chinese producers and import and export traders, they are still full of hidden concerns and challenges in future, and there are still uncertainties in investment prospects. All the risks may affect the future performance of the Asia Pacific region. That why the market is not all go well now.
This week's many important news lead the market sentiments and investment risks. Among them, the market is more concerned about the future of the British Parliament to debate the draft of the Brexit agreement, followed by the Beige Book of the US Regional Economic Report. Later this week, there was a US job report that was most concerned about the market, which will guide the US Federal Reserve's interest rate decision next week.
Today's data attention includes:
In the afternoon, the market focused on France, Germany and the Eurozone, as well as the November manufacturing PMl (Purchasing Managers Index) in the UK and other regions. In the evening, Canada and the United States also announced the manufacturing PMI in November. The strength of the data is strong and directly affects the trend of the relevant currencies.

Today's suggestion:
EURUSD
1.1355/1.1375 resistance
1.1295/1.1270 support
The G20 meeting brought a temporary easing of global investment climate, but problems in the European region failed to boost the euro. In addition, the UK Parliament will begin to debate the draft of the Brexit agreement tomorrow, and there is a risk that it will affect the performance of the euro in the short term and even the euro. In the event of a downtrend, the euro may point to the development of the 1.1295 and 1.1270 support.

GBPUSD
1.2805/1.2855 resistance
1.2720/1.2655 support
The draft Brexit agreement will be debated in the British Parliament tomorrow, at midnight on December 12th, Beijing time. At present, the draft agreement has been opposed by the National Assembly, and it is negative for the British pound. The US dollar could continued to decline. Technically, GBP may break below the support level of 1.2720 and may look down to 1.2655. If there is any solution during the debate to increase the chances of passing the draft, the US dollar can rebound strongly, but the resistance of 1.29 is still very important.

USDCHF
0.9975/0.9950 support
1.0005/1.0035 resistance
The market currently believes that the Fed will raise interest rates by 0.25% on December 19, and the US dollar will be against the Swiss franc. In addition, the issue of European politics and Brexit needs to be resolved. If it cannot be changed in the short term, the US dollar seems to test the 1.0 against the Swiss franc.

USD/JPY
113.50/113.35 support
113.95/114.15 resistance
Sino-US trade temporarily ceases to fire. The US Dow performance continues to do well, driving Asian stock markets to rise, and the USD/JPY may push up to 114 levels. Coupled with the Fed’s rate hike expectations, the yen has downside risks. Technically, the short-term USD/JPY trend is pointing to the 114 level. Of course, if the global stock market declines, the dollar will have a chance to fall against the yen.

AUDUSD
0.7365/0.7380 resistance
0.7325/0.7300 support
Despite the strong performance of the Australian dollar, the performance of the Australian manufacturing and inflation index fell from last month. Afterwards, a number of Australian economic data were weaker than last month, which was a total negative for the Australian dollar. Technically it may point to 0.7300 support.

NZDUSD
0.6910/0.6925 resistance
0.6860/0.6845 support
At the G20 meeting, countries strengthened cooperation. The temporary ceasefire between China and the United States brought about market turmoil and boosted the New Zealand dollar. However, many important US economic indicators announcements in the this week which could affected the interest rates forecast . It is estimated that the New Zealand dollar will adjust or downward risk. Technically, short-term attention the NZDUSD at 0.6845 support.

USD/CAD
1.3285/1.3305 resistance
1.3235/1.3225 support
Since Sino-US trade relations eased, the OPEC discussed capacity reductions on Thursday and oil prices rebounded, bringing the Canadian dollar up. However, whether oil prices will continue to rise and break through the resistance of $54, there is still uncertainty. It is recommended to pay close attention to oil price performance and how to drive the development of the Canadian dollar.

EUR/GBP
0.8880/0.8860 support
0.8930/0.8945 resistance
The UK Parliament will debate the draft of the Brexit agreement tomorrow, and finally vote on the December 12th UK Parliament. Before the current debate in Congress, the market worried that the draft could not pass, and the pound was weaker. Compared with the euro, the euro is stronger than the pound, and the euro has a chance to rise against the pound. The technical key support is 0.8860, which is worthy of attention.

EURCHF
1.1305/1.1295 support
1.1335/1.1350 resistance
In the afternoon, the economic comparison between Switzerland and the euro zone, if the euro zone data beat market expectations, the euro rose, which may cause the EURCHF fall. It is recommended to note whether the euro against the Swiss franc is likely to break through the above support or resistance, that will go further.

XAUUSD
1226/1228 resistance
1217/1215 support
At the G20 meeting, Sino-US trade relations have improved, some safe-haven funds may flow out of gold, and gold prices have a downside. In addition, the United States released a number of important economic data in this week, including non farm payroll and other job data. It maybe affected the market mentality and bearish gold.

US crude oil futures:
54.05/54.45 resistance
51.70/51.20 support
Earlier, the OPEC agreed to cut production, but Saudi oil increased output, causing crude oil inventories to rise and oil prices to fall. The current G20 meeting brings good news of economic cooperation and oil prices have risen. On Thursday, the OPEC officially held a meeting. If it agreed to joint production cuts, it is expected to support the crude oil price to rise step by step. At present, it is only concerned about whether the resistance of $54 can be broken.

BTCUSD:
4230 / 4350 resistance
3820/ 3575 support
Last week, with the dovish speech of the US’s Fed Chairman, the bitcoin seems pause to fall, the price still maintain US3830 above. However, the US inflation data looks still good and the US Fed could raise the interest rate in this month. Interest rate keep hike, the bitcoin still have a chance fall. Technically, US4380 and 4550 are the important resistance. Probably the price hard to breakthrough in this moment.

Enjoy trading! 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 US economy has shown signs of slowing down. The Fed may slow down the pace of interest rate hikes, which is expected to reduce corporate financing costs and increase investment income. US Dows performed strongly in the early session, and then the rally slowed down, causing gold to rebound to $ 1,235. The Sino-US trade war has cooled down, raising investment and production intentions, and OPEC and the non-OPEC members are preparing to meet to discuss the reduction of production and drive up the oil price. Unfortunately, the oil price has not broken through the resistance of 54 US dollars.

Today's attention to data and news includes:
The Reserve Bank of Australia is meeting interest rates and the market expects to keep interest rates unchanged, but the statement after the meeting may indicate that interest rates will be raised next summer or after, probably negative for AUD.

In the afternoon, will pay attention to the performance of Switzerland's CPl in November and the PPI in the Eurozone. Also, in the afternoon, the British Parliament will begin the first day of debate on the Brexit agreement. At 17:15, the Bank of England Governor Carney will speak in Parliament on the potential risk of the Brexit agreement. During the debate and the speech of the central bank governor, the exchange rate of the pound will be affected and more volatile. Looking forward to the meeting can resolve the stalemate and boost the pound. Otherwise, the UK may still be short (sell) of short-term.

Today's suggestion:

EURUSD
1.1375/1.1405 resistance
1.1320/1.1295 support
The results of the G20 meeting and the performance of the Eurozone economic data yesterday were slightly better than expected, and it was a bullish euro. However, the official US ISM manufacturing purchasing managers index beat expectations, the dollar strengthened, and the euro fell back. At present, it may be more important to pay attention to the British Parliament's debate on the Brexit agreement. Under the market's expectations, the performance of the euro may continue to decline. Technically, 1.1320 and 1.1295 are important support areas for reference. In terms of resistance, it is worth paying attention to the important resistance level of 1.1405.

GBPUSD
1.2745/1.2775 resistance
1.2700/1.2675 support
Today, the draft Brexit agreement will be debated in the British Parliament for a week. It is expected to vote at 0:00 on December 12th, Beijing time. The current draft agreement is opposed by insiders in Congress, which is bad for the pound. At 17:15 in the afternoon, the Governor of the Bank of England spoke, or the speech was also bad for the pound. Technically, the pound may continue to go down, looking down to 1.267 or 1.2655. If there is good talk, the pound has a chance to rebound, but it is expected that there will still be resistance obstacles at 1.2800 and 1.2820. Please pay attention when investing!

USDCHF
0.9965/0.9950 support
0.9995/1.0015 resistance
The market currently believes that the Fed will raise interest rates by 0.25% on December 19, and the US dollar will be against the Swiss franc. In addition, the issue of European politics and Brexit remains to be resolved. If the market expectation will be changed in the short term, the US dollar may still test the 1.0 against the Swiss franc. Technically, short-term 0.9965 and 0.9950 are important support areas.

USD/JPY
113.20/113.00 support
113.65/113.85 resistance
Although the Sino-US trade war has temporarily ceased, the US Dow's stock market performance continues to do well. It has driven the Asian stock market to rise yesterday, but in the end the US dollar against the yen could not reach 114. The most important stock market could not continue its strong rise, which led to the return of funds to the yen. In the next two days, before the release of the US Beige Book and US job data, the USD/JPY may test 113.0 or below.

AUDUSD
0.7365/0.7380 resistance
0.7325/0.7300 support
The Reserve Bank of Australia's interest rate and post-meeting statement will be announced at 11:30 in the morning. From the current economic situation and tomorrow's Australian GDP data, the interest rate will remain unchanged, and the interest rate hike may continue to be postponed, which is generally negative for the Australian dollar. Technically it may point to 0.7300 support. Now may watching the resistance and try to sell AUD.

NZDUSD
0.6950/0.6965 resistance
0.6900/0.6885 support
At the G20 meeting, countries strengthened cooperation. The temporary ceasefire between China and the United States brought about market paralysis and helped boost the New Zealand dollar. However, many important economic announcements in a few days and market expectations of the US Federal Reserve will raise interest rates this week. It is estimated that the New Zealand dollar has adjusted downward or downward risk. Technically short-term attention to resistance of 0.6950 and 0.6965. If the Australian dollar or the renminbi falls, it may indirectly affect the NZ dollar decline.

USD/CAD
1.3235/1.3250 resistance
1.3165/1.3150 support
The OPEC and non-OPEC members will discuss capacity reductions on Thursday and let the oil prices rose, positive the Canadian dollar up. However, whether oil prices will continue to rise and break through the resistance of $54, there is still uncertainty. It is recommended to pay close attention to oil price performance and how to drive the performance and development of the Canadian dollar.

EUR/GBP
0.8900/0.8885 support
0.8950/0.8965 resistance
The British Parliament debated the draft Brexit agreement and finally voted on December 12th by the British Parliament. Before the debate in Congress today, the Governor of the Bank of England spoke, the market worried that the speech may indicate any of negative sentiment and will affect the pound. Coupled with the market's fear that the draft could not be passed, the pound was weaker. Compared with the current euro performance is stronger than the pound, the euro has a chance to rise against the pound. The technical key support of 0.8900 is worthy of attention.

EURCHF
1.1300/1.1285 support
1.1345/1.1360 resistance
This afternoon, the economic data of Switzerland and the Eurozone continued to compare. If the Eurozone data beat market expectations, the euro will rise, which may cause the euro to fall against the Swiss franc. It is recommended to note whether the euro against the Swiss franc is likely to break through the above support or resistance and looking at further developments.

XAUUSD
1237/1239 resistance
1230/1228 support
This afternoon, the Brexit agreement debate was officially launched, and the market worried about sentiment, allowing British assets to flow into the gold market to hedge. In addition, the Fed’s rate hike may slow down and is also boosting gold. However, the US Fed will publish the Beige Book of Economic Reports and the job market report soon. If the performance is good, gold will have the opportunity to adjust and reach lower support. Technically, 1236.5 is one of the important short-term resistance levels. If there is no breakthrough, gold still has downside risks.

US crude oil futures:
54.05/54.45 resistance
52.40/51.90 support
The market is watching to announce the amount of US API crude oil inventories early tomorrow morning, and oil prices may be test $54. In addition, the OPEC officially held a meeting on Thursday. If the final conclusion agrees to jointly reduce production by more than 1.3 million barrels, it is expected to support the crude oil price to rise step by step. At present, the first pays attention to whether the resistance of $54 can be broken or not.

BTCUSD:
4030 / 4250 resistance
3720/ 3575 support
The price below US3830 before FOMC meeting. The US inflation and job data looks still good and the US Fed could raise the interest rate in this month. Interest rate keep hike, the bitcoin still have a chance fall. Technically, US4380 is the important resistance. Probably the price hard to breakthrough in this moment and try to looking US3575 support.

Enjoy trading!
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.