ATFX Press Releases - 2018

[Kelly Yeung]

Personal opinions today:

Last night, the ECB’s interest rate meeting announced that the European Central Bank decided to stop the LTRO program at the end of the year, but did not indicate any rate hike schedule, in line with market expectations. The ECB’s decision, first of all, means that the European economy has entered the economic recovery. It is not necessary for the central bank to continue to stimulate the monetary policy through the monetary policy. After the European Central Bank's monetary policy meeting, the ECB Governor during the press speech and the central bank's European Central Bank's macroeconomic expectations indicated that in the face of various international trade war and economic challenges, the economic growth forecast will be lowered next year. The speech and expectations let the euro once lost its upward momentum and fell, reached 1.1330 support.

The British Prime Minister has decided not to submit the draft of the Brexit Agreement to the British Parliament until early next year. She will continue to discuss and solving the solution with the EU to avoid the market risk when the Brexit is officially launched. The news cooled the risk of Brexit in the short term and supported the rise of the pound. But the risks still exist, and we need to pay attention to future any related news and influence the development of the pound and euro.

Today, the market cares about the manufacturing purchasing managers' index PMl in the countries in the euro zone. The market is currently estimated to grow, and the euro is bullish. Final the results are very important for any European currencies. As the market expects to be 21:30 tonight, the US announced that retail sales in November fell from last month, slowing down from last month which means the market is expected to cause the dollar to fall. After the announcement, the US industrial production data also needs attention. If the overall economic data are weak, there is a chance to hinder the Fed’s rate hike decision and future monetary policy orientation next week, which will have a crucial impact on the US dollar.

Today's suggestion:
EURUSD

1.1385/1.1405 resistance

1.1335/1.1315 support

The European Central Bank decided to end the LTRO programs at the end of December, and will face tightening monetary policy and considering raising interest rates in the future. After the end of the United States to end the quantitative easing policy in 2013, it means the future will help the euro rise but needs to take some longer time. But don't forget to comparison of short-term European and US economic data. Today, the market mainly expects European data to be better than US data, with a bullish euro a bit. Technically, the short-term resistance at 1.1405 in Euro.

GBPUSD

1.2655/1.2680 resistance

1.2550/1.2525 support

The British Prime Minister can maintain her position, avoid British politics risky, and the short-term Brexit risk crisis will cool down. Minimum the downside risk. Technically, short-term, the key resistance of 1.2655 and 1.2680. As the risk of Brexit has not been lifted, pound still has a chance to look down to 1.2550 and 1.2525.

USDCHF

0.9955/0.9970 resistance

0.9915/0.9895 support

The market expects that the economic data released by the Eurozone today is better than the US retail sales data. It is expected to be bullish on euros. It is expected that the exchange rate of the euro will rise and indirectly benefit the Swiss franc. USD/CHF is likely to test technical support, with the first target of 0.9915 and 0.9895.

USD/JPY

113.60/113.75 resistance

113.25/113.05 support

The market expects the US retail sales data to slow down. It also concerns that the Fed will raise interest rates next week. The short-term US Dow (US30) may fall, affecting the decline of the Nikkei (JP225). USD/JPY may fall as the relevant stock market declines, funds return to the yen, and the USD/JPY has a chance to fall. Pay close attention to the Japanese Nikkei and the US Dow during the day, it may be a signal to the momentum of the USDJPY.


AUDUSD

0.7215/0.7230 resistance

0.7185/0.7170 support

The Sino-US trade climate has not yet made much progress. The market is worried that the two sides will not be able to improve the economy before the end of the year. In addition, US President Trump’s remarks indicated that it is possible to raise China’s import trade tariffs in January next year, affecting the Chinese economy and the China RMB decline. Moreover, copper prices continued to fall, indirectly negative for the Australian dollar. If it cannot be improved in the short term, the Australian dollar continues to bearish against the US dollar. Technically 0.7170 is the first support level.


NZDUSD

0.6825/0.6840 resistance

0.6775/0.6760 support

The Sino-US trade war is once again tense, affecting the economy of the Asia-Pacific region and indirectly benefiting the New Zealand dollar. At present, the performance of the New Zealand dollar continues to follow the Australian dollar, and China RMB. If the Australian dollar or the China renminbi rises, it is believed that it can indirectly bullish on the NZD. The current support level of 0.6775 and 0.6760 is worth noting. If it falls below 0.6760, the trend will be further negative.

USD/CAD

1.3400/1.3420 resistance

1.3345/1.3325 support

The rebound in oil prices has indirectly led to the trend of the Canadian dollar. But the market continues to wait for the Fed to raise interest rates next week, limiting the Canadian dollar's gains. At present, the US dollar rebounded after testing the 1.3340 against the Canadian dollar, and the trend may develop towards 1.3400.


EUR/GBP

0.9020/0.9040 resistance

0.8970/0.8955 support

The British Prime Minister can keep the status, the risk of Brexit is suspended, the pound is strong, and the euro is falling against the pound. If the technical support falls below 0.8955, the trend may fall further. Focus on the 0.9040 resistance in the short term.

EURCHF

1.1310/1.1335 resistance

1.1270/1.1255 support

Last night, the European Central Bank decided to raise interest rates, and the central bank plans to end the LTRO program at the end of the year to boost the euro. However, the Swiss National Bank did not have any monetary policy changes, and the Swiss franc was weak, which made the euro and the Swiss franc reached the resistance. Technical attention to the above suggested resistance and support range.


XAUUSD:

1245/1247 resistance

1239/1237 support

The British Prime Minister avoided the recall crisis, the risk of Brexit was suspended, the market risk aversion and risk were reduced, and the gold adjustment fell. Next week, the Fed’s interest rate hike is expected to be about 64%, which is negative for gold. Short-term gold entered the adjustment. But pay close attention to market news and US Dow (US30) performance, beware of trading risks.


US crude oil futures:

53.65/54.00 resistance

52.15/51.55 support

Technically, it still pays attention to the short-term important resistance range of $53, which is expected by the trade war. It is estimated that the oil price is lower than the $54. Looking down the target range of $51.

BTCUSD:

3520 / 3750 resistance

3120/ 2985 support

As mentioned before, the US Fed could raise the interest rate, since the market expected the Fed interest rate keep hike, the bitcoin still have a chance fall. Technically, the important resistance at US3750, looking forward to lower US3000.

Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.

Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

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

Legal: 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 European Central Bank decided to end its LTRO at the end of the year, but did not indicate a short-term rate hike schedule. In the absence of interest rate hikes and time, the euro fell against the dollar. In addition, the market expects the Fed will announce a fourth rate hike this year on Thursday. As far as this is concerned, part of the funds flowed to the US dollar on Friday night, European currencies and commodity currencies fell, crude oil prices, gold and silver prices were following the trend.

Today the Eurozone announced the quarterly trade account and the November CPl. The market is expected to fall from last month, and it is estimated that the euro will be negative before the announcement, which indirectly affects the pound and the Swiss franc. Looking ahead, the UK CBI industrial orders, it seems to bearish pound. At 21:30, attention to the US New York Fed manufacturing index in December, the market is expected to 20.6, down from 23.3 last month. At 22:00, the Canadian existing home sales and the National Economic Confidence Index have an impact on the Canadian dollar and deserve attention.

Today's suggestion:

EURUSD
1.1335/1.1360 resistance
1.1275/1.1250 support
Last week, the European Central Bank decided to end the LTRO at the end of the year, and will face tightening monetary policy and raising interest rates in the future. After the end of the United States to end the quantitative easing policy, It believes that the future will boost the euro. But we now must attend the changing short-term factors and compare the economic data of the two countries. As like today, the market expects European data, including trade accounts and CPl, to fall from last month and bearish euros. In addition, the Fed’s interest rate on Wednesday night is expected to raise interest rates, and the US dollar may perform stronger.

GBPUSD
1.2605/1.2630 resistance
1.2550/1.2525 support
The Brexit risk crisis cooled and briefly supported the pound. In the face of weak European data expectations, the Fed may raise interest rates on Thursday. Therefore, it is important to keep an eye on the risk of falling pounds. Technically, short-term attention is paid to the key resistance of 1.2605 and 1.2630. As the risk of Brexit has not been lifted, the pound still has a chance to look at 1.2550 and 1.2525.

USDCHF
0.9995/1.0015 resistance
0.9955/0.9935 support
The market expects that the important economic data released by the Eurozone is weak today, and it is expected to be negative for the Euro. It is expected that the exchange rate of the Euro will fall, and the Swiss franc will be indirectly negative probably. The US dollar against the Swiss franc is likely to test technical resistance, the first target of 0.9995.

USD/JPY
113.60/113.75 resistance
113.25/113.10 support
The market is concerned about the Fed’s interest rate hike expectations and the US dollar is performing strongly. In the short term, we will continue to pay attention to the trend of the US Dow (US30) and indirectly affect the Nikkei Index (JP225). At the same time, the USD/JPY may develop with the relevant stock market. If the stock market declines, the funds return to the yen, and the USD/JPY has a chance to fall. At present, the important resistance of the US dollar against the yen is 114.05, and the important support is 112.80. However, in the short term, you can pay attention to 113.60 resistance and 113.25 support.

AUDUSD
0.7185/0.7200 resistance
0.7155/0.7140 support
The US Fed may raise interest rates during the week, with a bullish dollar. In addition, the Sino-US trade climate involves a diplomatic storm. If the situation does not improve, it will continue to affect the Australian dollar. In addition, the performance of copper prices also indirectly affects the short-term Australian dollar volatility. It is believed that before the Fed's resolution, the Australian dollar still has a chance to develop downwards, and test 0.7100.

NZDUSD
0.6825/0.6840 resistance
0.6775/0.6760 support
The Sino-US trade war is still tense, involving political factors, affecting the economic outlook of the Asia-Pacific region, and indirectly negative the New Zealand dollar. If the Australian dollar or the China renminbi rises, it is believed that it can indirectly benefit the NZD. Conversely, it must first pay attention to the support levels of 0.6775 and 0.6760. If you lose 0.6760, the trend will be further negative.

USD/CAD
1.3400/1.3420 resistance
1.3345/1.3325 support
Tonight, Canada announced the existing home sales and national economic confidence index, which deserves attention. In addition, the trend of oil prices indirectly affects the performance of the Canadian dollar. Before the market waits for the Fed to raise interest rates, it may limit the Canadian dollar's gains, while the US dollar against the Canadian dollar can develop to the 1.3400 area.

EUR/GBP
0.9020/0.9040 resistance
0.8980/0.8965 support
The risk of Brexit was suspended, the performance of the pound was strong, and the euro fell against the pound. The short-term market mainly waits for the Fed's resolution, and the euro is similar to the pound. Therefore, the euro is expected to fluctuate against the pound range. If the technical support falls below 0.8955, the trend may fall further. Focus on 0.9020 and 0.9040 resistance in the short term.

EURCHF
1.1310/1.1335 resistance
1.1275/1.1250 support
The European Central Bank plans to end its LTRO program at the end of the year, which is stronger than the Swiss franc. Because the SNB does not have any tendency to change its monetary policy, the Swiss franc is weaker and the euro has a chance to further test resistance against the Swiss franc. Technically concerned about the resistance of 1.3310 and 1.1335.

XAUUSD
1240/1243 resistance
1234/1231 support
British politics and Brexit risk have been suspended, market risk aversion has cooled, investment risks have fallen, and gold has adjusted downward. In addition, the market estimates that the Fed’s interest rate hike is also a bearish gold. Technically, short-term gold has entered the adjustment, and the Federal Reserve will announce the future monetary policy stance before it can grasp the trend of gold. The key support is currently expected to be 1231, with a resistance of 1243.

US crude oil futures:
52.65/53.00 resistance
51.25/50.85 support
The market waits for the Fed's monetary policy resolution to affect oil price volatility. Technically, it still pays attention to the short-term important resistance range of $53. Due to the trade war and the interest rate trend of the global interest rate, it is estimated that the oil price is lower than the $54 opportunity, while the next opportunity is higher than the $51.

BTCUSD:
3520 / 3750 resistance
3120/ 2985 support
As mentioned two weeks ago, the US Fed could raise the interest rate, since the market expected, the bitcoin still have a chance to fall. Technically, the first important resistance at US3520, looking forward to lower US3120 and US2985 .

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 FOMC meeting will end on Thursday, the market is expected to raise interest rates by 0.25%. Interest rates have risen, causing market worries that US corporate earnings have fallen and affected consumer spending in December, and investors have begun to be cautious. In addition, the Sino-US trade war is still in a tense situation, investors are concerned, and the fund manager is ready to settle before the end of the year. Last night, the US Dow fell more than 500 points. Today, the Asia-Pacific stock market opened down. The fall in the US stock market triggered the risk aversion of the market, and the prices of the yen, gold and silver generally rose.

This afternoon, Germany will announce the IFO economic sentiment index, and the market expects results will fall from last month, which may affect the performance of the euro and other European currencies. In addition, the US housing data may increase from the previous month in the evening, and in theory, the organic dollar will rise. Worth looking forward to it! Of course, the US Dow and global stock markets need to pay special attention to the development of the Asia-Pacific stock market after the market opens. Because they will continue to have a impact on the price of yen, gold and silver and crude oil.

Today's suggestion:
EURUSD
1.1360/1.1385 resistance
1.1315/1.1285 support
The European Central Bank decided to end the LTRO at the end of the year and will face tightening monetary policy, which will positive the euro for the future. It don't forget the short-term economic data factor, the economic data of the United States and the euro zone compare.

This afternoon, the market expects European data, which may be negative for the euro. In addition, the Fed began to raise interest rates on Wednesday night, and it is expected to raise interest rates on Thursday morning. The US dollar has a chance to get better performance. Technically pay attention to the resistance of 1.1360 and 1.1385 in Euro, and pay attention to the possibility the euro’s trend reverse and go down.

GBPUSD
1.2625/1.2650 resistance
1.2570/1.2555 support
Although the Brexit risk crisis has cooled down, the pound has eased. However, in the face of weak expectations in the Eurozone and UK data, the Fed may raise interest rates on Thursday, etc. Therefore, it is important to keep an eye on the risk of falling pounds. Technically refer to 1.2650 resistance and 1.2555 support. Fundamental factors may also affect the pound's decline and test the support below.

USDCHF
0.9965/0.9980 resistance
0.9915/0.9890 support
The market expects that the important economic data released by the Eurozone is weak today, which may be negative for the euro. Generally, the trend of the euro exchange rate indirectly affects the Swiss franc. If the inference is correct, the euro will fall, and there is a chance to boost the dollar against the Swiss franc. The target can refer to the resistance of 0.9965 or 0.9980.

USD/JPY
113.00/113.20 resistance
112.45/112.25 support
The market is concerned about the Fed’s interest rate decision. According to the usual practice, the Fed may raise interest rates to make the US dollar perform strongly. However, due to the decline in the short-term US Dow (US30), which indirectly affects the decline of the Nikkei (JP225), the USD/JPY generally follows the trend of the relevant stock market. At present, due to the decline in the stock market, the dollar against the yen has fallen below the important support of 112.80. If the short-term stock market continues to fall, you can pay attention to 112.45/112.25 support.

AUDUSD
0.7200/0.7220 resistance
0.7155/0.7140 support
The FOMC may be decided to raise interest rates during the week, and the market is waitin the final decision. In addition, the Sino-US trade climate is still tense, affecting the investment climate. Coupled with the weaker performance of copper prices, it indirectly affects the short-term Australian dollar decline. It may believe that the Australian dollar still has a chance to develop go down against the US dollar before the Fed's solution.

NZDUSD
0.6825/0.6840 resistance
0.6775/0.6760 support
The Sino-US trade war is still tense, affecting the economic outlook of the Asia-Pacific region and indirectly negative for the New Zealand dollar. If the Australian dollar or the China renminbi rises, it is believed that it can indirectly benefit the NZD. Conversely, we must first focus on support levels 0.6775 and 0.6760.

USD/CAD
1.3440/1.3460 resistance
1.3385/1.3365 support
The weak oil price trend has indirectly affected the trend of the Canadian dollar. If the crude oil price falls further, it may deepen the decline of the Canadian dollar. At the same time, we are waiting to see the Fed’s rate hike. If the Fed maintains a gradual rate hike, the Canadian dollar may be further weak. The US dollar against the Canadian dollar has entered the 1.3400 zone development, technically pay attention to the 1.3440 or 1.3460 resistance.

EUR/GBP
0.9000/0.9020 resistance
0.8970/0.8955 support
The Brexit risk has been suspended, and the pound has performed strongly. The euro has fallen against the pound earlier. The short-term market mainly waits for the Fed's resolution, and the euro is similar to the pound. Therefore, the euro is expected to fluctuate against the pound range. If the technical support falls below 0.8955, the trend may fall further. Focus on 0.9000 and 0.9020 resistance in the short term.

EURCHF
1.1290/1.1315 resistance
1.1250/1.1240 support
The European Central Bank plans to end the LTRO at the end of the year, which is euro stronger than the Swiss franc. Because the SNB does not have any tendency to change its monetary policy, the Swiss franc is weaker and the euro has a chance to further test resistance against the Swiss franc. Technically concerned about the resistance of 1.3310 and 1.1335.

XAUUSD
1248/1252 resistance
1240/1236 support
The market estimates that the Fed’s interest rate hike is expected to be bearish gold. However, the news that the Fed’s future monetary policy stance may slow down or pause will boost the gold. Coupled with the sharp fall of the US Dow, the gold price trend reversed and rebounded yesterday, and broke the key resistance of 1243, which once rose to 1248. However, gold may be adjusted at a high level, waiting for the Fed's interest rate decision. Technically pay attention to the resistance of 1252. If the price of gold breaks through the resistance, it must face any possible downside risks.

US crude oil futures:
50.65/51.20 resistance
49.25/48.75 support
The market waits for the Fed's monetary policy decision to affect crude oil demand and price volatility. Yesterday, the market worried about interest rate hikes affecting the economic growth, and US President Trump remained worried about rising oil prices and hitting oil prices. At present, the technical attention to the crude oil price of 53 US dollars is a short-term important resistance range, affected by the Sino-US trade war and global interest rate trend, the estimated the crude oil price is lower than the expected resistance, and the look for appear US48.

BTCUSD:
3685 / 3820 resistance
3220/ 3125 support
FOMC meeting coming on tomorrow, the market expected the US Fed fund rates will be rise. The bitcoin still have a chance to downward. But technically, after the bitcoin fell already in the last few weeks and test US3000. If the market has no more bad news for cryptocurrencies, the bitcoin could be rebounds and test the first important resistance US3820.

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 delighted to announce the launch of a new Market Analysis section on its website. The Market Analysis section has been designed to offer new and experienced traders the opportunity to learn more about the financial markets and the analyses of different financial products, in order to specifically meet the needs of the growing number of traders who are looking for trading education.

Traders can find useful information on this page, including trading webinars, fundamental market commentary and daily technical market reports. The content is provided by professional analysts and professional traders across the world and will include the fundamentals of trading knowledge and useful insights into trading markets and instruments. It will also share tips on how to use various trading tools effectively, such as trading indicators, and the various risks associated with the forex market. Traders will receive valuable information on strategies they could utilise in order to take advantage of the forex market, given it has been tailored for both novices and veterans alike.

Mr. Marcos Tigsilema, Commercial Director of ATFX (UK) said, “We are very excited about the release of the new analysis section of the website, we believe that it will significantly enhance the online experience of all traders. We have included information that will make navigating through the website more intuitive and we are confident that traders will find that it is more tailored to suit their needs. We aim to provide the best education services available, to help traders make more informed trading decisions”
This information will be provided, free of charge, and has been optimised for both desktop and mobile navigation, making it effortless for current and potential clients to keep up-to-date with the latest from the financial markets.

It is in line with ATFX’s belief that such training is essential to provide traders with enough knowledge to make informed decisions, and increase their skill sets to enable them to navigate the financial markets with greater ease.

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

 

[Kelly Yeung]

Personal opinions today:

The important focus of the market, the US FOMC interest rate meeting and the statement after the meeting. The Fed’s interest rate decision will be announced at 3 am tomorrow, then the FOMC press conference announces the statement. The interest rate future market shown about 70% of the opportunity will raise interest rates by 0.25%. The market estimates that after the Fed’s fourth rate hike this year, the pace of interest rate hikes will start to slow down next year and maybe even the first two quarters, the Fed will pause raising interest rates. Former Federal Reserve Bank of Greensban and US President Trump said that the Fed should take the market pulse to judge the interest rate, rather than just look at the economic figures. They said that the current global economic situation has slowed down noticeably, corporate profits have declined, and may affect the job market. If the Fed will continue to raise interest rates, it will hurt the economy and stock market performance, and may even crisis risk.

Near the end of the year, global fund managers and investment portfolios will begin to be sorted out, and some may lock in profits and adjust positions. The price trend may change or even reverse in the second half to nearly three months. It is worthy of attention, the Fed announced a post-meeting statement after the interest rate decision. If the future monetary policy content cancels the "gradual rate hike", it may imply that the pace of future interest rate hikes in future. The strength of the dollar may end and may affect the trends.

The market today, focuses on the afternoon of German PPl, UK CPl and retail price index. In the evening, Canada CPl and the US third quarter current account. However, it is expected that before the Fed’s interest rate decision, the importance of data will fall and the volatility will narrow. After the Fed will announce the content after the meeting, and then drive the volatility. Investors are concerned that the market will level the position at the end of the year and pay attention to unilateral trend in the short term.

Today's suggestion:

EURUSD
1.1420/1.1440 resistance
1.1350/1.1335 support
The FOMC will announce the interest rate decision tomorrow morning, the market expecting to raise interest rates, and the US dollar has a strong chance to limit the euro's rise. Technical attention to 1.1350 support and 1.1420 resistance. It is expected that the euro will fluctuate significantly against the US dollar when the Fed announces its interest rate statement.

GBPUSD
1.2685/1.2705 resistance
1.2620/1.2600 support
Former Federal Reserve Chairman and US President Trump respectively called on the Fed to suspend interest rate hikes and boosted the pound. However, in the face of the FOMC meeting this may raise interest rates and the risk of Brexit, limiting the pound. The market is waiting the Fed's monetary policy and then determining the future interest rate’s trend. Technical reference can be made to 1.2705 resistance, also 1.2600 support. The Brexit deadline is 100 days, and must pay attention to the risk of volatility during the period.

USDCHF
0.9965/0.9980 resistance
0.9900/0.9880 support
The euro’s performance was strong, indirectly boosting the Swiss franc. Currently, the market expects the Fed to raise interest rates and limit the decline of the US dollar against the Swiss franc. Technical support can be found in 0.9965 and 0.9880. Note that after the Fed statement, the content judges the direction of the US dollar interest rate, which indirectly affects the Swiss franc, which is worthy of attention to market volatility.

USD/JPY
112.65/112.85 resistance
112.25/112.05 support
Recently, the US Dow (US30) has fallen, indirectly affecting the Nikkei Index (JP225), and the USD/JPY generally follows the trend of the relevant stock market. At present, due to the decline in the stock market, the USD/JPY trend follows. If the short-term stock market continues to fall, USDJPY may be approached to 112.25 and 112.05 support.

AUDUSD
0.7220/0.7240 resistance
0.7155/0.7140 support
Yesterday the Australian Federal Reserve Bank’s monetary policy record, the reference disappointed the market and the Australian dollar fell. The Fed will likely pause the pace of interest rate hikes and the Australian dollar rebounds. In addition, the Sino-US trade climate is still tense, affecting the investment climate. Coupled with the weaker performance of copper prices, the Australian dollar was limited. It may believe the resistance of the Australian dollar against the US dollar is between 0.7220 and 0.7240 before the Fed’s decision. If the Fed says it will suspend the pace of interest rate hikes, the Australian dollar has a chance to break through the resistance.

NZDUSD
0.6885/0.6900 resistance
0.6835/0.6820 support
The Sino-US trade war is still tense, affecting the economic outlook of the Asia-Pacific region and indirectly negative for the New Zealand dollar. However, as the Fed has a chance to suspend the pace of interest rate hikes, the Australian dollar has a chance to rise. Technically, the New Zealand dollar accepts the influence of the Australian dollar or the renminbi, and the trend can be used as a reference. Worth paying attention to short-term 0.6835 and 0.6820 support

USD/CAD
1.3480/1.3500 resistance
1.3420/1.3400 support
The weaker crude oil price trend has indirectly affected the trend of the Canadian dollar. The crude oil price fell, deepening the decline of the Canadian dollar, once approaching 1.3500. At the same time, the market is waiting the Fed’s rate hike. If the Fed maintains a gradual rate hike, the Canadian dollar may be further weak. However,the Fed has plans to stop raising interest rates then, it may stimulate the Canadian dollar to rise. Even a sharp rebound in crude oil prices could also boost the Canadian dollar.

EUR/GBP
0.9000/0.9020 resistance
0.8970/0.8955 support
The Brexit risk has been suspended, and the pound has performed strongly. The euro has fallen against the pound earlier. The short-term market mainly waits for the Fed's resolution, and the euro is similar to the pound. Therefore, the euro is expected to fluctuate against the pound range. If the technical support falls below 0.8955, the trend may fall further. Short-term focus on 0.9000 and 0.9020 resistance, support is focused on 0.8970 and 0.8955 support.

EURCHF
1.1305/1.1320 resistance
1.1270/1.1255 support
The European Central Bank plans to end its bond-buying program at the end of the year, which is stronger than the Swiss franc. Because the SNB does not have any tendency to change its monetary policy, the Swiss franc is weaker and the euro has a chance to further test resistance against the Swiss franc. Technically concerned about the resistance of 1.1320, if the breakthrough may test the 1.1380.

XAUUSD
1252/1255 resistance
1245/1242 support
The Fed’s future monetary policy stance may slow down or suspend interest rate hikes to boost gold prices. In addition, the US Dow Jones continued to be weak, and gold once tried $1,250. Gold may be consolidating at a high of 1250 before waiting for the Fed's interest rate decision. Technically pay attention to the resistance of 1252 and 1255. If the Fed stops the pace of interest rate hikes, it will boost the Dow to rebound sharply. When the funds turn, it must pay attention to any risk of falling gold.

US crude oil futures:
49.65/50.20 resistance
46.25/45.75 support
Before the market waits for the Fed's monetary policy decision, it will affect oil price volatility. Yesterday, the market worried about the Fed’s interest rate hike, affecting the economy and crude oil demand, and US President Trump expressed concern about rising oil prices and hit oil prices. Crude oil inventories have increased sharply today and are also bearish on oil prices. If the Fed meeting statement indicates that the pace of interest rate hikes will stop, it will hopefully boost the price of oil, and the target will consider seeing $50.

BTCUSD:
3985 / 4120 resistance
3420/ 3225 support
FOMC meeting coming on tomorrow, the market expected the US Fed fund rates will be rise. Also, the market expected to pause interest rates hike later. The bitcoin have a chance to boost. But technically, after the bitcoin fell already in the last few weeks and test US3000. If the market has no more bad news in cryptocurrencies, the bitcoin could be rebounds and testthe higer resistance, such US4120.

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:


Early this morning, the US Federal Reserve announced the interest rate rising by 0.25%, and the target rate rose to 2.5%, in line with expectations. After the meeting, the statement said that the pace of interest rate hikes began to slow down next year. From September, it is expected to raise interest rates three times in 2019 and now lower it to the expected two times. The Fed said that the economy may slow down next year, but the unemployment rate is expected to remain at 3.7%, and wages have a chance to rise. The overall Fed’s comments and outlook, the dollar’s strength is expected to weaken another currency.

After the Fed’s interest rate decision, the Bank of Japan and the Bank of England also have the interest rate and monetary decision today . The market is concerned about the results and implications of the Bank of England monetary policy at night. If the Bank of England is under the risk of Brexit, tightening monetary policy may bring a short-term boost to the pound. But it also affects the long-term trend of the pound weakening.

Compared with today's European and US data, the market may be more concerned about the UK and US GDP outlook and results, especially US GDP data tomorrow. At present, the market expects US GDP to maintain a growth of 3.5%, and short-term gains in US dollars. However, it must be noted that global fund managers and investment portfolios will begin to be consolidated by the end of the year. The US dollar may be adjusted for gain in the second half of the year, and gold may also adjusted.

Today's suggestion:

EURUSD
1.1400/1.1420 resistance
1.1350/1.1335 support
After the Fed announced a rate hike, the dollar will rise and the European currency will be weak. Technically, the euro fell from the resistance of 1.1440 and broke through the moving average support. There is a chance to test the 1.1350 and 1.1335 support. The market is looking a the UK and US GDP results tomorrow, and it is expected that the short-term EUR/USD will rise and fall between support and resistance.

GBPUSD
1.2635/1.2650 resistance
1.2580/1.2560 support
The Fed raises interest rates, the Fed expects to raise interest rates twice next year, but the UK has a risk of Brexit. The market expects that the Bank of England will keep interest rates unchanged this evening. It is believed that it will limit the pound's rise and is more likely to fall. At present, the Brexit deadline is 100 days. It is necessary to pay attention to the risk of sterling fluctuations during the period. At the same time, it is expected that the risk of Brexit will increase and the trend of the British pound against the US dollar remains weak.

USDCHF
0.9965/0.9980 resistance
0.9925/0.9910 support
The Fed’s interest rate hike and outlook for a rate hike will continue, and the euro’s performance will weaken, indirectly affecting the Swiss franc. Technically, we can refer to the resistance of 0.9965 and 0.9880. Short-term support is focused on 0.9910 support.

USD/JPY
112.65/112.85 resistance
112.20/112.05 support
The Fed raised interest rates, the dollar and the yen spread widened, the dollar rose against the yen, but the US Dow (US30) trend and Japan's Nikkei index (JP225) fell, limiting the dollar against the yen. Investors are waiting to see the current trend of stock market development. If the US Dow or Japan's Nikkei continues to fall, the USD/JPY will likely follow the trend. Technical attention is paid to 112.20 and 112.05 support, while resistance is maintained at 112.65 and 112.85.

AUDUSD
0.7140/0.7160 resistance
0.7085/0.7070 support
The Federal Reserve Bank of Australia's monetary policy record, the expected interest rate remains unchanged, while the Fed still maintains a rate hike outlook, the Australian dollar fell as the interest rate spread widened. In addition, China and the United States plan to start to discuss the trade war in January next year, affecting the investment climate. It is expected that the above news will continue to be digested during the day and it is possible to test the low position.

NZDUSD
0.6800/0.6815 resistance
0.6735/0.6720 support
The Fed raised interest rates and still maintain a rate hike outlook. In addition, the market expects the US GDP data released tomorrow to maintain satisfactory growth, indirectly negative for the New Zealand dollar. In addition, the Australian dollar fell against the US dollar, and the New Zealand dollar fell as well. In the short term, it is worth paying attention to the resistance of 0.6800. If the rebound breaks through the resistance, the downtrend is expected to reverse.

USD/CAD
1.3520/1.3540 resistance
1.3460/1.3440 support
Crude Oil prices remained weak, with the indirect negative for the Canadian dollar and the Canadian dollar falling. The US dollar against the Canadian dollar is approaching the 1.3500 mark. At present, the Fed expects that the pace of interest rate hikes will continue to weaken in Canadian dollar. The market is waiting if the US GDP performance will maintain a 3.5% growth, and the US dollar will be bullish. However, it is recommended to pay attention to crude oil price performance.

EUR/GBP
0.9040/0.9060 resistance
0.9000/0.8980 support
After the Fed’s monetary policy, the euro was similar to the pound and the trend remained stable. However, the euro zone economy and interest rate outlook is better than the UK, and the euro is higher against the pound. At present, if the euro against the pound falls below 0.9000, the trend may fall further. It is possible to look forward to the important support levels of 0.8970 and 0.8955.

EURCHF
1.1335/1.1350 resistance
1.1290/1.1275 support
The European Central Bank plans to end the LTRO program at the end of the year. Compared with the Swiss franc, the euro has performed strongly and the Swiss franc has performed weakly. The euro has a chance to further test resistance against the Swiss franc. Technically, the resistance of 1.1320 has been encountered, and it is recommended to look further. But also must pay attention to trading risks!

XAUUSD
1249/1252 resistance
1240/1237 support
The Fed said that the future monetary policy stance will continue to consider raising interest rates, so that the gold trend reversed. However, the US Dow continued to be weak and the gold limited the decline. Technically, gold may be consolidated in the high 1250 resistance range, waiting the results of the US GDP data tomorrow night. The overall expectation of the Fed’s rate hike is maintained, and gold has downside risks.

US crude oil futures:
48.20/48.60 resistance
46.25/45.75 support
After the Fed’s monetary policy decision, the impact continued to fluctuate oil prices. Despite the monetary policy outlook, the market is worried that the Fed’s interest rate hike will affect the economy and crude oil demand, and US President Trump expressed concern about rising oil prices and hit oil prices down. At the present, it expected the crude oil price maintain below the resistance of $48.60.

BTCUSD:
3985 / 4120 resistance
3520/ 3425 support
After the FOMC meeting , the US Fed fund rates will be rise continue. The bitcoin have a chance to go down. But technically, after the bitcoin fell already in the last few weeks and test US3000. If the market has no more bad news in cryptocurrencies, the bitcoin could be rebounds and testthe higer resistance, such US3985 or 4120.

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:
After the US Federal Reserve announced the interest rate hike, the market worried that the US economy would enter a recession, and it is expected that corporate profits will be decreased. In addition, if the US government fails to pass the fiscal budget, the US government will stop operation and will increase the market risk. The news happened, the dollar fell. Last night, the US Dow (US30) had fallen more than 600 points, and stock market funds flowed into gold to stop gold by this reason. While the US Dow fell, global stock markets also fell. When the Nikkei index fell, the dollar against the yen once fell below the 111 mark.
At 9 o'clock in Beijing this morning, the US House of Representatives announced the formal adoption of government financial expenditures, which is believed to help improve the market investment climate and increase the dollar.

Today, the market mainly focuses on the important GDP data released by the United Kingdom and the United States, especially the US GDP data. At present, the market expects that US GDP will maintain a growth of 3.5%, and the short-term is still more bullish, limiting the rise of European currencies and commodity currencies. If there is any difference in US GDP performance at 21:30 tonight, it will affect the dollar. If the US GDP results outperform, the US dollar will have a chance to rebound, and the return of funds to the US dollar will be negative for European currencies and commodity currencies, and even gold will have a chance to fall.

Before the Christmas holiday, the market situation is more repetitive, and before the fund manager settles at the end of the year, the position may change significantly and fluctuate. Pay attention to trading risks when investing!

Today's suggestion:
EURUSD
1.1485/1.1505 resistance
1.1420/1.1400 support
The US government's fiscal expenditure allocation may not be passed, it made the dollar weaker and boosting the European currency. However, after the final approval of the US government house, it is believed that the US dollar may be stabilized, but it is indirectly negative for the euro. Technically, the resistance of the euro is 1.1485. The market is watching the UK and US GDP results. Before the data is released, the euro is expected within the range between the proposed support and the resistance.

GBPUSD
1.2695/1.2715 resistance
1.2605/1.2585 support
Yesterday, the UK retail sales monthly performance rose sharply to 1.4%, and the Bank of England kept interest rates and monetary policy unchanged, in line with market expectations, to consolidate the pound. The market is concerned about the UK's GDP performance this afternoon. In addition, the US also released GDP data at night. The market is looking for the US. GDP result. At present, the Brexit deadline is counted down. It is necessary to pay attention to the risk of sterling fluctuations during the period. At the same time, it is expected that the risk of Brexit will increase. The trend of the British pound against the US dollar is still weak.

USDCHF
0.9895/0.9920 resistance
0.9845/0.9830 support
Before the US government did not receive funding from the US fiscal budget, the dollar weakened and the European currency strengthened, boosting the Swiss franc. However, the relevant financial expenditures have been formally passed, and the Swiss franc is negligent. Tonight, the market is looking on US GDP result, it may affect the dollar against the Swiss franc.

USD/JPY
111.70/111.90 resistance
111.15/110.95 support
Yesterday, many negative factors in the United States, the US Dow (US30) fell, and the Japanese Nikkei Index (JP225) fell, indirectly causing the dollar to fall against the yen. After the US stock market closed this morning, the US fiscal expenditure allocation was officially approved, which is believed to help improve the investment climate. If the US Dow or the Japanese Nikkei index rebounds, the USD/JPY will likely follow the trend and rise. Pay attention to the important technical resistance of 112.20. If you break through the resistance, the next target will focus on 112.65 and 112.85.

AUDUSD
0.7140/0.7160 resistance
0.7095/0.7080 support
The Reserve Bank of Australia's monetary policy record is expected to keep interest rates unchanged, while the Fed still maintains a rate hike outlook. The Australian dollar's currency spreads have broadened and the Australian dollar has fallen. The Sino-US trade war seems cool down a bit. The both sides have planned to meet the trade war again in a short period of time. Assuming it will positive for the Australian dollar. Technically concerned about 0.7160 resistance, but 0.7080 support is still very important in short term.

NZDUSD
0.6815/0.6835 resistance
0.6755/0.6740 support
The dollar weakened yesterday, driving the New Zealand dollar to rise. The Sino-US war seems cool down, positive New Zealand dollar. But tonight, the US announced GDP data, the market is waiting the result, it could be affected the New Zealand dollar.

USD/CAD
1.3520/1.3540 resistance
1.3460/1.3440 support
The crude oil prices continued to weaken, negative for the Canadian dollar, the dollar against the Canadian dollar approaching the 1.3500. At present, the Fed expects to maintain the pace of interest rate hikes and oil prices continue to weaken. It is estimated that the Canadian dollar may further weaken. The market is waiting the US GDP and expected keep at 3.5% growth, which is a bullish dollar and a negative Canadian dollar. In the transaction, it is recommended to pay attention to the changes in crude oil price performance and related to the Canadian dollar.

EUR/GBP
0.9060/0.9075 resistance
0.9020/0.9000 support
At present, the euro and the pound are similar, but the euro zone economy and interest rate market outlook is better than the UK, and the euro is higher against the pound. If the UK's GDP performance is weak today, the pound will fall more against the dollar, and the euro will have a chance to rise against the pound.

EURCHF
1.1335/1.1350 resistance
1.1290/1.1275 support
The European Central Bank will finish the LTRO program at the end of the year. Compared with the Swiss franc, the euro performed strongly and the Swiss franc was weak. The euro had a chance to further test resistance against the Swiss franc. However, the technical resistance of 1.1335 failed to continue to rise after it hit. At present, if the support is broken by 1.1275, the trend may fall further. At present, the transaction first focuses on the resistance of 1.1335.

XAUUSD
1262/1265 resistance
1254/1251 support
Last night, the US government did not pass the fiscal budget. US government was facing the crisis, the US dollar weakened, the US stock market fell, and gold surged. This morning, the US fiscal budget passed and reduced the risk and it could be a bearish gold. In addition, the market is waiting the results of US GDP data. If the performance is better than expected, it may be bearish of the gold. Note that gold has downside risks.

US crude oil futures:
48.20/48.60 resistance
46.25/45.75 support
After the Fed’s monetary policy decision, the impact continued to fluctuate oil prices. Despite the milder monetary policy outlook, the market is worried that the Fed’s interest rate hike will affect the economy and crude oil demand, and US President Trump expressed concern about rising oil prices and hit oil prices. However, in the face of various crises, crude oil prices maybe support for $45. If the US GDP is better than expected, the crude oil price outlook will rebounds and test the resistance of 48.60 US dollars, and it remains to be seen whether it can break through.

BTCUSD:
4300 / 4500 resistance
3780/ 3650 support
The US government's fiscal expenditure allocation may not be passed, making the dollar weaker and boosting the Bitcoin, the bitcoin could be rebounds. However, the US GDP result is very important. If better than previous, it could be negative the Bitcoin.
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 European foreign exchange market resumed after 2 pm Beijing time, but European stock markets continued to be closed. Investors are concerned!

In the foreign exchange market, the US House of Representatives failed to formally approve government financial expenditures before the holidays, and some government departments need to stop operating from the Christmas holidays. The market is worried that the US government will stop operating and invisibly damage the US economy and produce negative images and emotions. Therefore, the US Dow continued to fall before the holiday. Today, the Dow futures opened, the trend is still weak, closing at the low on Monday. The US Dow fell, indirectly affecting Japan's Nikkei index. Japan's Nikkei index fell by a thousand points yesterday, a drop of 10%. As the Nikkei index fell, the dollar fell against the yen, once approaching the 110 mark. Global stock markets fell, driving gold prices up.

After the holidays are expected, the US House of Representatives continues to discuss the government funding bill. The current situation is estimated that the US government will stop operating until Friday 28th, short-term bearish US stocks and the US dollar. However, it is necessary to pay attention to the latest news of the market. If the US House of Representatives approves the approval, it will boost the US Dow and make a bullish dollar. You can reverse the market reaction before the holiday, so stay tuned and pay attention to trading risks.

Due to the Christmas holiday, some trading markets are still closed, Europe, Australia and Hong Kong stock markets are closed, and will resume tomorrow. In addition, there are no important economic data released today. Therefore, the US House of Representatives debates the government appropriations bill, which may be the only market focus. I believe that the answer can also be found in the performance of the US Dow.

Today's suggestion:

EURUSD
1.1415/1.1430 resistance
1.1370/1.1355 support
The European market is generally closed and there is no data to bring the euro to fluctuations. However, the U.S. government’s fiscal expenditure allocation was not passed before the holiday, which made the dollar weaker and indirectly benefited the European currency. If the US House of Representatives comes back after the holidays, and through the financial expenditures, it is believed that the US dollar may be stabilized and the euro will be indirectly negative.

GBPUSD
1.2735/1.2750 resistance
1.2655/1.2640 support
The European market is generally closed and there is no data to bring European currency fluctuations. However, before the holidays, the U.S. government’s fiscal expenditures were not approved, which made the dollar weaker and indirectly benefited the European currency. If the US House of Representatives comes back after the holidays, and through the financial expenditures, it is believed that the US dollar may be stabilized and indirectly negative.

USDCHF
0.9905/0.9920 resistance
0.9835/0.9820 support
The European market is generally closed and there is no data to bring European currency fluctuations. Before the US government did not receive funding from the US House of Representatives for fiscal spending, the dollar weakened and the European currency strengthened, which helped boost the Swiss franc. If the US House of Representatives passes the financial expenditure after the holiday, it is believed that the US dollar may be stabilized and the Swiss franc is indirectly negative.

USD/JPY
110.95/111.05 resistance
110.20/110.05 support
The fall in the dollar against the yen stemmed from the US government's failure to obtain funding, which caused the US Dow (US30) to fall, indirectly driving the Japanese Nikkei index (JP225) to fall, and the dollar fell against the yen. During the holidays, the USD/JPY is approaching the 110 mark. The market is watching the US House of Representatives through the fiscal expenditures in order to stabilize the market, thereby boosting the stock market and the dollar against the yen.

Australian dollar against the dollar
0.7035/0.7020 support
0.7070/0.7085 resistance
The U.S. government’s fiscal expenditure has not been allocated, some governments have temporarily closed down, and investment confidence has been damaged, but the Australian dollar has not benefited. On the contrary, affected by the weak economic forecast, the Sino-US trade war and copper price weakened, etc., the Australian dollar tested 0.7035 support. At the moment it is recommended to pay attention to the risk of chasing.

NZDUSD
0.6715/0.6700 support
0.6745/0.6760 resistance
During the Christmas holiday, the market is watching any development after the holidays, and the New Zealand dollar has a short-term adjustments, it is worthwhile to pay attention to 0.6715 and 0.6700 support.

USD/CAD
1.3600/1.3620 resistance
1.3560/1.3540 support
US crude oil prices continued to weaken, indirectly negative for the Canadian dollar, the US dollar against the Canadian dollar once again approaching the 1.3600 mark. The Fed is looking forward to maintaining the pace of interest rate hikes. It is believed that crude oil prices will continue to weaken and develop, so the Canadian dollar may further weaken. In the US dollar against the Canadian dollar, it is recommended to pay attention to the changes in oil price performance and the Canadian dollar.

EUR/GBP
0.9020/0.9035 resistance
0.8965/0.8940 support
Generally affected by the US factor, the euro and the pound are similar, but the euro zone economy and interest rate market outlook is better than the UK, the euro is higher against the pound. Technically, the euro may test 0.8940 against the pound.

EURCHF
1.1275/1.1300 resistance
1.1240/1.1225 support
At present, the euro is weaker against the Swiss franc and the support is 1.1275. The trend may fall further and there is a chance to further test the support of 1.1240 and 1.1225.

XAUUSD:
1273/1275 resistance
1265/1263 support
Some departments of the US government need to stop operating. The US House of Representatives failed to pass the fiscal expenditure allocation as scheduled. In the face of some government's suspension of operational crisis, market risks rose, and the US stock market fell, leading to an increase in gold. If the US House of Representatives finally allocates financial expenditures to reduce market risk, it will be short of gold. The market is watching and watching gold have downside risks.

US crude oil futures:
43.60/44.60 resistance
42.75/41.75 support
OPEC will start production cuts next month, but US President Trump’s remarks and the Fed’s rate hike expectations continue to hit oil prices. The market still waiting for further news. If there is a reduction in the US crude oil inventory report on Thursday, there will be an opportunity to rebound. Attention is currently underway but must be carefully reversed.

BTCUSD:
4200 / 4400 resistance
3650/ 3450 support
The US government's fiscal expenditure allocation can not be passed, making the dollar weaker and could positives for the Bitcoin. After the bitcoin adjusted and it's trying to rebound. Now recommend, US3450 is a key 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.

 

[Kelly Yeung]

Personal opinions today:
On the first trading day after the holiday, the US stock market rebounded strongl, over a thousand points, rose nearly 5%. Financial institutions estimate that US retail sales growth this year is better than the past six years, driving the rise of technology and retail sales in the US stock market. In addition, the market expects that the US House of Representatives will restart the government's fiscal expenditure after the holidays, and the official approval of the funding on Friday, some government departments are expected to reopen. A strong rebound in US stocks, the Nikkei index rebounded nearly 600 points, an increase of nearly 3%, driving the yen and gold fell, while the main non-US currencies fell. In addition, the US retail market performed strongly, driving oil prices to $46, and the highest ever was $47.
Before the holiday, the important economic data of the United States has been announced. Today, the market may be concerned about the number of US initial jobless claims, new home sales and consumer confidence. The above data is expected to grow, and the estimated data results will help the US dollar before the announcement. At 5 pm, the European Central Bank issued an economic bulletin, and the market wait and see can bring surprise prediction reports. Tomorrow's crude oil inventory report, the impact on oil prices, deserves attention.

Today's suggestion:
EURUSD
1.1395/1.1415 resistance
1.1350/1.1335 support
US retail sales are expected to grow, bullish on the US Dow and the dollar to rebound. In addition, the market expects that the US government's financial expenditures will be approved after the holidays, and the US dollar will be indirectly negative for the European currency. Short-term factors, the market estimates that the US released data tonight is higher than the previous value, indirectly negative for the euro.

GBPUSD
1.2735/1.2750 resistance
1.2655/1.2640 support
US retail sales are expected to grow, bullish on the US Dow and the dollar to rebound. In addition, the market expects that the US government's financial expenditures will be approved after the holidays, and the US dollar will be indirectly negative for the European currency. Short-term factors, the market estimates that the US released data tonight is higher than the previous value, indirectly negative for the pound. In addition, the risk of Brexit exists in the UK and it is still technically bearish.

USDCHF
0.9975/0.9990 resistance
0.9905/0.9880 support
US retail sales are expected to grow, bullish on the US Dow and the dollar. In addition, the market expects that the US government's financial expenditures will be approved after the holidays, and the US dollar will be indirectly negative for the European currency. In addition, the market estimates that the US released data tonight is higher than the previous value, indirectly negative for the Swiss franc. Technically, the Swiss franc continues to follow the pace of the euro.

USD/JPY
111.35/111.50 resistance
110.80/110.65 support
US retail sales are expected to grow, bullish on the US Dow, indirectly driving Japan's Nikkei index (JP225) to rebound nearly 600 pips after the market opened, the dollar against the yen rose simultaneously. Next, the market is waiting when the US House of Representatives will allocate funds through fiscal expenditures, stabilize the market or drive the US Dow to rise further. If the stock market is boosted, it will help the dollar rise against the yen.

AUDUSD
0.7055/0.7040 support
0.7080/0.7115 resistance
US retail sales are expected to grow, stimulating commodity markets, and the Australian dollar has benefited as a commodity currency. The improvement in economic forecasts is expected to ease the Sino-US trade war and boost the rise in industrial metals such as copper. It is recommended to stay focused on the fundamentals. Technically, if the resistance is 0.7080 and 0.7115, the trend is expected to rise further.

NZDUSD
0.6715/0.6700 support
0.6745/0.6760 resistance
The Sino-US trade war has eased. China and the United States have planned to restart the meeting in early Januar, bullish on New Zealand dollar. At present, the market is watching the further development after the holiday, and the New Zealand dollar has a short-term trend. However, under the support of 0.6715 and 0.6700, the preliminary New Zealand dollar has the opportunity to test the resistance of 0.6745/0.6760.

USD/CAD
1.3600/1.3620 resistance
1.3560/1.3540 support
US crude oil prices rebounded, indirectly bullish for the Canadian dollar, and the dollar returned to below 1.3600 against the Canadian dollar. The US crude oil inventories will be released tomorrow. If the stocks increase or meet expectations, crude oil prices will have a weaker chance, so the Canadian dollar may further weaken. It is recommended to trade USD/CAD, paying attention to the changes in crude oil price performance and Canadian dollar.

EUR/GBP
0.9020/0.9035 resistance
0.8965/0.8940 support
Currently affected by the US market factors, the euro and the pound are similar. From an economic perspective, the euro zone economy and interest rate market outlook is better than the UK's ideal, and the euro is higher against the pound. Technically, the euro is likely to test 0.8940 support against the pound.

EURCHF
1.1300/1.1320 resistance
1.1260/1.1240 support
If the euro against the Swiss franc once again broke the 1.1275 support, the trend may fall further and have the opportunity to further test the 1.1240 support.

XAUUSD
1273/1276 resistance
1264/1261 support
The US House of Representatives is expected to make financial allocations after the resumption of the holidays, and some governments can resume operations. After the holiday, the US stock market rose sharply last night, causing gold to fall. If the US House of Representatives finally allocates financial expenditures to reduce market risk, it will continue to be short of gold. If the US Dow and global stock markets continue to rise, it must be noted that gold has downside risks.

US crude oil futures:
46.60/47.60 resistance
44.75/43.75 support
OPEC will start production cuts next month and financial institutions expect strong US retail sales this year, stimulating demand for crude oil to drive oil prices to rebound. The forthcoming US crude oil inventory report is very important reference, technically expected to test the resistance of 47 dollars. But still must pay attention to the downside risk.

BTCUSD:
4200 / 4400 resistance
3650/ 3450 support
The US government's fiscal expenditure allocation can not be passed before the Christmas holiday, making the dollar weaker and could positives for the Bitcoin. After the bitcoin adjusted and it's trying to rebound. Now recommend the US3450 is a key 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.

 

[Kelly Yeung]

Personal opinions today:

To the diversification of products, the US Dow has an impact on global markets and financial products. This commentary has joined the US Dow Jones Industrial Index futures US30 analysis from today, please read here below!

Personal insight today:
The investment market fluctuated before the end of this year, the US Dow continued to fluctuations. The US Dow was affected by the decline in consumer confidence index last night. The stocks of technology and non-consumer industries fell, dragging the US Dow to 800 points, and the last three hours before the market closed. Reversal and go higher, closing at 23,200 points. The Dow rebounded and closed, and Japan’s Nikkei index rebound and closed above 20,000 points. Under the volatility of the stock market, the USD/JPY also reversed its trend. The gold could not break the past resistance US1279.

Market volatility in recent weeks is related to the settlement of fund managers before the end of the year. Another possibility is that the US government's appropriation negotiations are still in a state of stalemate. Some US government departments, therefore “stopped” and have no time limit. The market has been waiting for the US President to negotiate with the US House of Representatives. It is generally believed that the US President’s negotiations with the US House of Representatives can finally be resolved. Some investors entered the market when the stock market was in a downturn, but the Dollar Index still fell. Anyway, the last day of trading in this week, the market is expected to continue to fluctuate, paying attention to trading risks. At 21:00 in the evening, please pay attention to Germany's December CPl monthly rate and the initial value of the annual rate, as a judgment of whether the euro can continue the recent rally.

Today's suggestion:

EURUSD
1.1455/1.1470 resistance
1.1380/1.1365 support
At 21:00 in the evening, please pay attention to Germany's December CPl, as a judgment of whether the euro can continue the recent rally. The market is currently expected to grow to 0.3%, up from last month, with a bullish euro. However, the results only met expectations or were lower than expected, and the euro has a chance to fall.

GBPUSD
1.2685/1.2710 resistance
1.2635/1.2620 support
The risk of Brexit, the British government and the Prime Minister will need to submit a draft of the Brexit to the EU in early January. Otherwise, the Brexit agreement will not be reached by the end of March. The British government is responsible for all risks after the Brexit. Therefore, the pound will continue to be downside risk in the short term, technically, the trend is still bearish.

USDCHF
0.9905/0.9920 resistance
0.9845/0.9830 support
The U.S. government’s financial appropriation has not been passed, and the US dollar has once again been negative. Indirectly, the European currency, the Swiss franc, has risen indirectly. Tonight, Germany announced the December CPl data, which indirectly affects the Swiss franc. Technically, the Swiss Franc continues to follow the pace and direction of the Euro.

USD/JPY
111.15/111.30 resistance
110.65/110.50 support
Japan’s unemployment rate rose, core CPl fell, retail sales fell and industrial production also fell, bad for the yen. It is estimated that in the first quarter of next year, the Japanese government and Bank of Japan need to consider broadening the monetary policy and have the opportunity to bearish the yen. Also, if the US Dow is strong, it may drive the dollar to rise against the yen. It is recommended that the USD/JPY be at the 110 level and try to avoid to do short position.

AUDUSD
0.7025/0.7010 support
0.7060/0.7075 resistance
It is expected that the second week of January next year, the Sino-US trade war will resume negotiations, which is expected to improve trade relations and drive the Australian economy. If the fundamentals improve, it will help the Australian dollar against the US dollar. Technically, if the resistance is 0.7080 and 0.7115, the trend is expected to rise further.

NZDUSD
0.6700/0.6690 support
0.6745/0.6760 resistance
The Sino-US trade war has eased. China and the United States have planned to restart the meeting in early January, which will bullish on New Zealand dollar by past record. At present, the New Zealand dollar has expected to support around 0.6700 a short-term trend, and expect to test the resistance of 0.6745/0.6760.

USD/CAD
1.3650/1.3670 resistance
1.3560/1.3540 support
US crude oil prices rebounded, bullish Canadian dollar trend, the dollar against the Canadian dollar is expected to return to below 1.3600. Technically, if crude oil prices weaken, the Canadian dollar may also weaken. It is recommended to trade USD/CAD, paying attention to the changes in crude oil price will affect the Canadian dollar.

EUR/GBP
0.9070/0.9085 resistance
0.9025/0.9010 support
Currently affected by the US market factors, the euro and the pound are similar. From an economic perspective, the euro zone economy and interest rate market outlook is better than the UK, and the euro is expected to go higher against the pound. Technically, short-term concerns are 0.9070 and 0.9085 resistance.

EURCHF
1.1300/1.1320 resistance
1.1260/1.1240 support
The trend of the euro and the Swiss franc followed the performance of the dollar and the trend was similar. For short-term fluctuations, it is recommended to pay attention to the above proposed range of volatility.

XAUUSD
1278/1280 resistance
1272/1270 support
The US government's financial allocation has not yet been passed, and some government departments stopped to operate, and the risk has led to an increase in gold. If the US government's financial allocation is finally passed, it is believed that the market risk can be reduced and it will be sell of the gold. In addition, when the US Dow and global stock markets rise, they must pay attention to the downside risks of gold.

US crude oil futures:
47.00/47.60 resistance
44.75/44.05 support
OPEC will start production cuts next month and financial institutions expect strong US retail sales this year, stimulating demand for crude oil to drive oil prices to rebound. Technically, it is expected to test the resistance of $47, but still must pay attention to the downside risk. Short-term fluctuations are expected to range from $44 to $47.

US Dow Jones Industrial Index Futures US30:
23265/23405 resistance
22575/22260 support
The US Dow has been psychologically affecting the investment climate by some US governments department shut down. In addition, the fund manager's investment did not actively investment before the end of the year, and US Dow fell. Fortunately, the consumption seasonal effect at the end of the year is supported, the US Dow has rebound at lower. It is recommended it must be prudent to prevent further downside risks.

BTCUSD:
4000 / 4200 resistance
3450 / 3250 support
After the bitcoin adjusted and it's trying to rebound. Now recommend the US3450 is a key support. Also recommended 4000 and 4200 as a strong resistance.

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.