ATFX Market Updates 2019

Kelly Yeung · Feb 12, 2019

Personal opinions today

The impact of the Brexit uncertainty in the UK has plagued the UK and European economies, causing almost European currencies down against the USD. From yesterday the UK reported, the fourth quarter GDP of the UK fell to 1.3%, down from 1.5% last month and 1.4% expected by the market. Also, the UK construction output and industrial production fell, reflecting the uncertainty of the Brexit continue to hamper the UK's economic development. Along with the weak European economic data, the overall European currency performance continued to be weak. In addition, the market is waiting the for Sino-US trade negotiations on Thursday, investment sentiment is cautious.

In this morning, Australia announced that the housing loan license has fallen sharply from the previous value and market expectations. Fortunately, the business climate index and business confidence index remain strong, and the Australian dollar and New Zealand dollar have limited declines against the US dollar. The market is concerned about the interest rate decision and monetary policy of the New Zealand Federal Reserve Bank tomorrow morning. If the New Zealand Federal Reserve Bank will maintain the interest rates and positive monetary policy outlook. The Australian dollar and New Zealand dollar will release the downward pressure. The other way is the China RMB rebound, it could be moved the Australian dollar and the New Zealand dollar go up.

Today, the market has no important economic data released in Europe and the United States. Most of the investors paying attention to the Bank of England Governor Mark Carney speech. If his remarks remain pessimistic, it is more likely to reflect the UK inflation data could be fall. The GBP/USD hard to rebound in the short term. In addition, the commodity market is concerned about the release of the API’s crude oil inventory report tomorrow morning, which has an impact on the crude oil price and the US Dow Jones Industrial Average Index.

Today's suggestion:

EURUSD
1.1300/1.1325 resistance
1.1245/1.1220 support
The European economic data is weak, and the UK's economic growth has fallen, dragging down the euro. At the beginning of this week, there was a lack of reference to the economic data of the Eurozone. The market may use other important data from the UK to drive the development of the Euro. It is worth paying attention to the speech of the Bank of England Governor speech tonight and the performance of the UK consumer price index CPl tomorrow. It is expected that the trend of the pound will lead the euro. Technically, the EIRUSD have the opportunity to test last year's low of 1.1217!

GBPUSD
1.2905/1.2925 resistance
1.2835/1.2815 support
After the Bank of England’s interest rate decision last week, the Bank of England Governor expressed his pessimistic stance and affected the sentiment of the pound. The Governor of the Bank of England made another speech tonight, believing that the position will not change. Coupled with the announcement of the decline in GDP in the fourth quarter of the UK, it is difficuregain ack the market confidence and the pounI could be keeping weak. Technically, keep an eye on last year's low 1.2815 important support.

USDCHF
1.0060/1.0090 resistance
1.0030/1.0000 support
European economic data and prospects are weak, the UK's economic growth is declining, and it is predicted that UK inflation will slow down as well. The Swiss franc is indirectly dragged down. Technically, the US dollar against the Swiss franc is expected to consolidate at 1.0060, but it must be noted that the dollar may further break through against the Swiss franc.

USDJPY
110.60/110.95 resistance
109.85/109.50 support
Sino-US trade negotiation will be held on Thursday, and the Japanese stock market opened higher, driving the dollar to rise against the yen. Technically, the USDJPY broke the important resistance of 110.15, and the next step is to try to test 110.60 and 110.95 resistance. However, if the Nikkei index falls, the USD/JPY trend is likely to reverse.

AUDUSD
0.7115/0.7135 resistance
0.7055/0.7040 support
The weak Australian economic data and the strength of the US dollar have caused the Australian dollar to fall. However, the most important Sino-US trade negotiations are imminent, and it is expected to change the recent weakness of the Australian dollar. Technically, it is expected that the Australian dollar will be adjusted against the US dollar. At present, it will avoid falling below the 0.7020 support risk. If there is any good news to break the resistance of 0.7135, the Australian dollar is expected to test the 0.72 level, but please pay attention to the short-term risks and fluctuations!

NZDUSD
0.6755/0.6775 resistance
0.6715/0.6695 support
The Bank of New Zealand’s Federal Reserve Bank announced the interest rate decision tomorrow morning. The market will wait for the monetary policy orientation to follow the monetary policy of the Reserve Bank of Australia, which currently affects the downside risks of the New Zealand dollar. The Sino-US trade negotiations will soon be held on Thursday. If the atmosphere is good, it is expected to make progress, and it is expected to change the recent weakening trend of the New Zealand dollar. Technically, the 0.6805 resistance is very important. If this resistance is broken, the market sentiment will be improved and the New Zealand dollar will still have room to rise.

USDCAD
1.3325/1.3340 resistance
1.3265/1.3250 support
Crude oil prices were weak and prices fell to $52, which hindered the Canadian dollar from rising. In addition, pay close attention to the amount of crude oil inventories and the development of crude oil prices. If crude oil inventories increase substantially and crude oil prices continue to fall, the dollar will have a chance to follow the rise. Now may keep waiting for the first important resistance is 1.3340!

EUR/GBP
0.8780/0.8805 resistance
0.8740/0.8725 support
There are still uncertainties in the risk of Brexit, affecting the performance of the pound. Yesterday, the UK's GDP data for the fourth quarter of the year was weak, but it still dragged down the euro. Finally, the euro rose slightly against the pound. Technically, 0.8780 is the first important resistance reference.

EURCHF
1.1335/1.1350 resistance
1.1300/1.1285 support
The economic performance of the Eurozone and the overall European area was weak, and the European Central Bank’s monetary policy is dovish caused the euro to fall, which further dragged the Swiss franc. The two sides are weak, and the volatility of the euro against the Swiss franc has not changed much.

XAUUSD
1311/1313 resistance
1305/1303 support
Global stock markets tend to be conservative, and economic data disappoints the market. Last night, the US Dow and European stock markets generally fell, the price of crude oil continued to weaken, and gold and silver prices were supported. If the situation remains unchanged, it is estimated that the price of gold will maintain above $1,300. Technically, $1,305 and $1,303 are the first important support areas. If the Global stock markets fell, gold prices have the opportunity to rise further, test the resistance area of 1311/1313.

US crude oil futures:
52.90/53.40 resistance
52.05/51.75 support
The market is still worried about the slowdown in crude oil demand. Crude oil prices have fallen below 51.75 support and have seen $51.25. Technically, crude oil futures prices still have a chance to adjust in depth, testing $50 for support. However, short-term factors include the amount of crude oil inventories tomorrow and the outcome of Sino-US trade negotiations. If both sides will bring a positive message, the crude oil price will have a chance to rebound, and the test will be $54.

US Dow Jones Industrial Index Futures US
3025190/25235 resistance
24880/24750 support
The market looks forward to the meeting and the outcome between China and the United States. If any good new, it will help to improve the investment climate. It is estimated that before the official start of negotiations, the stock market trend is repeated, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 24880 support, the trend may further widen the decline. Technically, it may pay attention to the adjustment of the next level of important support 24750.

BTCUSD:
3480 / 3280 support
3750 / 3950 resistance
The global economy predicts a slowdown, it maybe increases the demand of the cryptocurrency investment. If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.

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 · Feb 13, 2019

Personal opinions today

The partial suspension of the US government, which has plagued the United States for some time, is expected to be resolved because the Labour Party and the Democratic Party are expected to reach a Mexican border fence agreement. If the US President finally passes the bill, it is expected that the appropriation bill will be signed tonight as soon as possible in Beijing time. The US government can obtain funds to prevent the crisis again. The news stimulated the US Dow to rebound, breaking through the high of 25,436 points created on February 6. The US Dow captained and drove the European stock market and Japan's Nikkei index to rise. USD/JPY continued to improve at 110, crude oil prices were supported, but gold and silver prices fell.

In addition, the British government intends to resolve the Brexit issue and avoid the British economy in trouble. The British Prime Minister said that she plans to resolve the draft Brexit as soon as possible, and the pound rebounded. The news helped the euro and the Swiss franc rebounded as well. However, because it is only a speech, it is estimated that the stimulus is limited. The market will pay attention to the performance of UK inflation data this afternoon.

This morning, the New Zealand Federal Reserve Bank remained the interest rate unchanged, and the monetary policy indicated that the interest rate hike was postponed. It is expected to be 2021. As the market pessimism has long been reflected before the announcement. Also, the Sino-US trade negotiations is coming. This facto is positive, has indirectly stimulated the New Zealand dollar to rebound by more than 100 points . Other focus of the market include the UK Consumer Price Index and the retail price index. The US consumer price index and real income. Tomorrow morning at 3:00, the US government budget also important.
Today's suggestion:
EURUSD
1.1355/1.1375 resistance
1.1305/1.1285 support
The British pound rebounds and the euro following. If the UK inflation data is weaker than expected in the afternoon, and the US inflation data is better than expected, the euro has the opportunity to go down. For reference, the Eurozone GDP performance also important. Technically, the euro rebounded from a low level, calculating a rebound rate of 38.2%, with a first target of 1.1355. If the test fails, it will test the support below are 1.1305 or 1.1285 respectively, depending on the influence of the performance of the UK and US data today.

GBPUSD
1.2910/1.2935 resistance
1.2855/1.2835 support
The Governor of the Bank of England continued to express pessimistic economic forecasts and monetary policy stances, affecting the sentiment of the pound. However, the British Prime Minister expressed her positive speech about the Brexit Agreement and stimulated the rebound of the pound. The rebound in the pound is limited and it is related to the effectiveness of the British Prime Minister’s comments. The market expects UK inflation to fall. Coupled with the expected rise in US inflation data, the main reason for the weak rebound in the pound. Technically, if fail to break 1.2910 or 1.2935 resistance with the impact of bad economic data, the pound against the dollar has the opportunity to test the 1.2850 or 1.2835 support.

USDCHF
1.0090/1.0120 resistance
1.0045/1.0015 support
The British Prime Minister’s speech has stimulated the rise of the European currency, but the economic outlook has still not improved. The Swiss franc will be continue to be negative. In addition, US inflation data is forecast to rise, which is positive for the US dollar, negative to the Swiss franc. Technically, the US dollar against the Swiss franc is expected to eventually consolidate within the resistance range of 1.0090 or 1.0120. If adjusted, just following the technical support.

USDJPY
110.75/110.95 resistance
110.35/110.15 support
The US government is expected to receive funding to prevent the government from temporarily shutting down again. The US Dow rebounds and safe-haven funds are flowing out of the yen. In addition, Sino-US trade negotiations will be held, and the Japanese stock market will rise, driving the dollar against the yen to remain strong. Technically, the USDJPY has a chance to test 110.95, but it is necessary to take a closer look at whether the market has more good news to stimulate the global stock market to rise. Conversely, the USD/JPY trend is likely to reverse, falling back to 110.35 or 110.15 support.

AUDUSD
0.7135/0.7155 resistance
0.7075/0.7050 support
The US government is expected to receive funding to prevent the government from temporarily shutting down and stimulating the investment climate. In addition, the market is expected to make progress on Sino-US trade negotiations on Thursday, positive for the Australian dollar. As recently analyzed, it is expected that the adjustment of the Australian dollar against the US dollar is completed, to avoid falling below the 0.7020 support risk, and if there is good news, it will break through the resistance of 0.7135. At the moment, pay close attention to the Australian dollar to break through the resistance, and then try the 0.72 level, but please pay attention to short-term risks and fluctuations!

NZDUSD
0.6840/0.6855 resistance
0.6805/0.6790 support
In the morning, the New Zealand Federal Reserve Bank announced the interest rate decision. The monetary policy did not show a pessimistic stance. It only indicated that the interest rate hike was delayed. The relevant position changed the recent downward pressure on the New Zealand dollar and rebounded strongly. The Sino-US trade negotiations were held on Thursday. The current atmosphere is good, supporting the the New Zealand dollar. As recently pointed out, the resistance of 0.6805 is very important. If the resistance is breakthrough, it will represent an improvement in the market sentiment. If Sino-US trade relations continue to improve, the New Zealand dollar still has room to rise against the US dollar. A conservative estimate is that the initial resistance is 0.6855.

USDCAD
1.3325/1.3340 resistance
1.3265/1.3250 support
The United States government maybe avoid a lockout. In addition, crude oil inventories have decreased, crude oil prices have rebounded, and the US dollar level has risen, stimulating the Canadian dollar. In addition, if the Sino-US trade negotiations progress and stimulate demand for crude oil demand, it can also stimulate the Canadian dollar to rise further. Closely watching the performance of US inflation data tonight, if it better than the expectations, it means that the demand for crude oil is expected to increase, which will positive the Canadian dollar.

EURGBP
0.8805/0.8820 resistance
0.8755/0.8740 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK's fourth-quarter GDP GDP data was weak. The UK released inflation data this afternoon. The market continues to wait and see, and the pound has downside risks. The opportunity to raise the euro against the pound. Yesterday pointed out that technically, 0.8780 is the first important resistance reference, while the next level of resistance is 0.8805 and 0.8820.

EURCHF
1.1405/1.1420 resistance
1.1380/1.1365 support
Stimulated by the British Prime Minister’s remarks, the euro benefited. The euro is stronger than the Swiss franc. In the end, the EURCHF rose. Technically concerned about the resistance of 1.1405 or 1.1420, if there is an adjustment, the first support target is 1.1380 or 1.1365.

XAUUSD
1314/1316 resistance
1307/1305 support
The good news from the US ggovernment. Last night, the US Dow and European stock markets rose, gold and silver prices adjusted. It is expected that good news will stimulate the pushup the global stock markets, and there is a downside risk for gold and silver prices. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance zone of 1314/1316.

US crude oil futures:
54.10/54.50 resistance
53.05/52.65 support
Yesterday, this analysis pointed out that short-term factors include the amount of crude oil inventories and the outcome of Sino-US trade and trade negotiations. If the two sides bring positive results, the crude oil price will have a chance to rebound, and the test will be $54. In the end, the two major forecasts reached positive expectations, and crude oil prices once touched $54. If US inflation data beats expectations tonight, the US President officially signs the appropriation bill, which is expected to push up crude oil prices. If the Sino-US trade negotiations progress, it is expected to further boost crude oil prices.

US Dow Jones Industrial Index Futures US30
25680/25735 resistance
25380/25250 support
The market looks forward to the meeting and negotiation between China and the United States. It is believed that the further development of the relationship between the two sides will help improve the investment climate. However, during the negotiations, the stock market trended repeatedly, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 25250 support, the trend may further expand the decline. Pay attention to the adjustment of the next level of important support is still 24,750.

BTCUSD:
3480 / 3280 support
3750 / 3950 resistance
If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.

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 · Feb 13, 2019

Personal opinions today
A new round of China-US high-level economic and trade consultation meeting will be held in Beijing. Before the Sino-US trade ceases, this meeting will continue to discuss the Sino-US trade agreement and very important. If the relationship between the two sides is further improved and it is expected to reach an agreement and avoid the US government's import tariffs on goods imported from China next month, the global economy will bring excitement. The China renminbi, Australian dollar and New Zealand dollar will have a chance to reverse the downtrend. It also expected to increase the demand for crude oil, and the price of crude oil will rise further, which will indirectly increase the Canadian dollar. Of course, the stock market is rising that will be bearish for gold. In the next three days, the speeches, the details of the negotiations, the results and the next arrangement are expected to continue to affect the global economic outlook, global stock market, foreign exchange and commodity markets. We will not underestimate and carefully looking at the market fluctuations.
Yesterday, the analysis pointed out that the British government intends to solve the Brexit problem and avoid the British economy in trouble. Since it is only speech and informally expressed the program, it is estimated that the stimulus is limited in magnitude. The market focus is concerned with the performance of UK inflation data. The UK's inflation data was weak, which dragged down the overall European currency.
Today China has announced a number of important economic data, of which trade accounts is more important. In the evening of Beijing time, the Eurozone announced its fourth quarter GDP. In the evening, the US announced retail sales, initial joblessness and production price index. It is estimated that the US economic data continues to lead the world, with a bullish dollar. Please pay attention to the relevant data performance, assess the trend of major currencies and commodities, and even the development of the stock market.
Today's suggestion:
EURUSD
1.1285/1.1305 resistance
1.1235/1.1215 support
The important economy of the Eurozone has been weak, and the trend of the Euro has followed the pace of the pound. Yesterday, the euro continued to follow the step of the British pound, causing the UK inflation data was weaker than expected, and also the US inflation data performed better and the euro fell. Today afternoon, the euro zone announced the fourth quarter GDP performance and US data performance at night. Technically, the euro fell below 1.1305 and 1.1285 respectively, these numbers now become a reference resistance. We will wait for 1.1235 and 1.1215 support.
GBPUSD
1.2880/1.2905 resistance
1.2835/1.2805 support
The market questioned the effectiveness of the British Prime Minister’s remarks, and finally the pound failed to rise to the level of 1.29. Technically, if the pound against the US dollar 1.2910 or 1.2935 resistance still fails to break, coupled with the impact of European bad economic data, it is estimated that the pound against the US dollar has the opportunity to test the 1.2835 support level, the opportunity exists.
USDCHF
1.0090/1.0120 resistance
1.0045/1.0015 support
USD strong, major European currencies have generally fallen, while the Swiss franc has been negative. In addition, the US inflation data has satisfied the market, which is positive for the US dollar and indirectly affects the decline of the Swiss franc. Technically, the US dollar against the Swiss franc is expected to eventually consolidate within the resistance range of 1.0090 or 1.0120 and adjust to the following technical support.
USD/JPY
111.25/111.40 resistance
110.75/110.55 support
At present, the US political and economic performance is better than that of European countries, and the US dollar interest rate still looking forward to rising. In addition, the US Dow rose and the safe-haven funds flowed out of the yen, and the yen continued to fall. In addition, Sino-US trade negotiations is coming to start, and the Japanese stock market continues to be positive, driving the dollar against the yen to remain strong. Technically, the USDJPY has broken the resistance of 110.95, but it is necessary to further look at whether the market has more good news to stimulate the global stock market to rise. Otherwise, the USD/JPY trend is likely to reverse and fall back to the 110 level.
AUDUSD
0.7135/0.7155 resistance
0.7075/0.7050 support
Benefiting from economic and political problems in the European region, the dollar has turned stronger. In addition, the market is watching the progress of Sino-US trade negotiations, and the Australian dollar is undergoing adjustment. If the Australian dollar avoids falling below the 0.7020 support risk, the Australian dollar still expected to break the resistance of 0.7135. At the moment, pay close attention to the Australian dollar to break through the resistance, and then try the 0.72 level, but please pay attention to short-term risks and fluctuations!
NZDUSD
0.6830/0.6845 resistance
0.6805/0.6790 support
Sino-US trade consultations have begun, and the atmosphere is strong, and the New Zealand dollar is in full swing. If the Sino-US trade relations achieve and solved all problem, it is hoped that the New Zealand dollar will continue to improve. Conservative estimates, the initial resistance of the New Zealand dollar against the dollar is 0.6855.
USD/CAD
1.3275/1.3300 resistance
1.3235/1.3210 support
Crude oil inventories fell, it made the crude oil prices rebounded, and continue to maintain the level of 53 US dollars, is expected to continue to support the Canadian dollar. If the Sino-US trade negotiations make any breakthroughs and have the opportunity to stimulate demand for crude oil, it is expected to stimulate the Canadian dollar to rise. Tonight, we must pay attention to the performance of the US data and how it will affect the Canadian dollar. Good US data will drive the dollar to rise against the Canadian dollar.
EURGBP
0.8805/0.8820 resistance
0.8755/0.8740 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK's fourth-quarter GDP data and inflation data were weak, the pound has downside risks. The opportunity to raise the euro against the pound. Technically, 0.8780 is the first important resistance reference, while the next level of resistance is 0.8805 and 0.8820.
EURCHF
1.1405/1.1420 resistance
1.1350/1.1345 support
The euro zone was affected by Spain elections, and the euro fell, but did not seriously affect the Swiss franc, the euro against the Swiss franc. Technically, focus on 1.1350 and 1.1345 support.
XAUUSD
1314/1316 resistance
1307/1305 support
The US Dow continues to rise, gold prices are slowing, and gold and silver prices are adjusting. It is expected that China-US trade consultation is expected to make progress. Good news will likely stimulate the global stock market to rise. There is a downside risk between gold and silver prices, which deserves attention. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance between USD1314 and 1316.
US crude oil futures:
54.90/55.50 resistance
53.05/52.65 support
Recent analysis in Japan pointed out that short-term factors include the amount of crude oil inventories and the outcome of the Sino-US trade consultation negotiations. If they will bring any positive results or message, the crude oil price has a chance to rebound and test the US$54. Finally, the crude oil price broke through last night. Concerned about the outcome of the Sino-US trade consultation negotiations, if it sees results, it is expected to push up crude oil prices. But technically, you must focus on the resistance between the $55 and $56 ranges and pay attention to adjusting the risk.
US Dow Jones Industrial Index Futures US30
25680/25735 resistance
25380/25250 support
The market looks forward to the outcome of the meeting and negotiations between the China and US, and believes that the relationship improved and expected to support the stock market to perform well. However, during the negotiations, the stock market trended repeatedly, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 25250 support, the trend may further expand the decline, but please pay attention to the adjustment of the next level of important support is still 24,750.
BTCUSD:
3480 / 3280 support
3750 / 3950 resistance
If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.
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 · Feb 14, 2019

Personal opinions today

The initial value of the fourth quarter GDP of the euro was flat compared with the previous quarter, easing the market's uncertain economic confidence in the euro zone. The number of US initial jobless claims and retail sales performance disappointed the market. One of the Fed officials said that the Fed should consider continuing to observe economic development in the first quarter and proposed to stop raising interest rates this year. After the US economic data was released last night and the Fed officials speech, the dollar weakened and the US dollar index fell back below 97.

The US Dow has fallen and one of the Fed officials said the Fed should stop raising interest rates, and the yen, gold and crude oil prices were supported. At present, the European economy is still unclear. The Brexit process is unknown and the political instability in Europe has made the European currency continue to weaken. This afternoon, the UK announced retail sales data, and the euro zone announced trade balance data. The market is watching whether European data is likely to improve and change the weak development of European currencies. Evening US economic data is also worthy of attention, including the New York Fed manufacturing index, US industrial output, and the University of Michigan consumer confidence index. If US data remained strong, European currencies and other major currencies fell against the US dollar. At the same time, gold and silver prices also have a chance to fall. Crude oil prices are expected to continue to test high.

Today's suggestion:

EURUSD
1.1305/1.1330 resistance
1.1255/1.1240 support
Eurozone economic data is weak, and the market is affected by the uncertainties of Brexit, which drags down the European economy. Weaker European economic data and the Brexit process, if there is no sign of improvement, assume the euro will continue to weaken and limited the level of rebound. Technically, 1.1330 is a short-term resistance. If the fundamentals of the Eurozone have not improved, it is believed that the opportunity to break through the resistance is lower.

GBPUSD
1.2835/1.2850 resistance
1.2750/1.2735 support
The British Parliament rejected the new Brexit draft and suspected that the British Prime Minister’s ability and effectiveness in dealing with the Brexit, the trend of the pound going down and the rebound was weak. Technically, the pound fell below the 1.2835 support level against the dollar and has become a short-term resistance. If the fundamental situation continues to change, or even worse, the GBP/USD will have the opportunity to test support at 1.2750 or 1.2735.

USDCHF
1.0080/1.0095 resistance
1.0045/1.0030 support
The euro fell, and the Swiss franc was fell as well. However the US retail data was weaker than the market expects, and the Swiss franc was supported. But the European economic and political factors, it is believed that the Swiss franc is still likely to fall. Technically, the US dollar against the Swiss franc is expected to consolidate within the resistance range of 1.0095 or 1.0120.

USD/JPY
110.65/110.80 resistance
110.25/110.10 support
The US Dow and the Nikkei index fell, and safe-haven funds flowed into the yen. The dollar fell against the yen and returned to the 110 level. If the Asian stock market fell during the day, the US economic data continued to weaken tonight, causing the US Dow to fall. It is estimated that the USD/JPY will have a chance to test the 109 level.

AUDUSD
0.7115/0.7130 resistance
0.7075/0.7060 support
The market is watching the progress of Sino-US trade negotiations, and the Australian dollar is undergoing adjustment. Technically, if the Australian dollar avoids falling below the 0.7020 support risk, the Australian dollar is expected to improve. At present, we are closely monitoring the progress of Sino-US trade negotiations and the performance of US economic data.

NZDUSD
0.6830/0.6845 resistance
0.6805/0.6790 support
Sino-US trade consultations began, and the current wait-and-see atmosphere is strong, and the New Zealand dollar is consolidated. If the Sino-US trade relations achieve breakthrough development, it is expected that the New Zealand dollar will break through the resistance. It is currently recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data.

USD/CAD
1.3325/1.3340 resistance
1.3275/1.3255 support
Last night, US retail sales data was weak, affecting crude oil demand forecast, and the fluctuation of US crude oil prices indirectly affected the US dollar against the Canadian dollar. Tonight, we must pay attention to the performance of the US data and how it will affect the Canadian dollar.

EUR/GBP
0.8835/0.8855 resistance
0.8780/0.8760 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. UK economic data and inflation data were weak, and there was a downside risk to the pound, which caused the euro to rise against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8820. However, it is necessary to pay attention to the reversal, and the risk of the euro against the pound is falling.

EURCHF
1.1375/1.1390 resistance
1.1340/1.1325 support
The euro zone was affected by Spain's early elections, and the euro fell, but did not seriously affect the Swiss franc, the euro against the Swiss franc. Technically, focus on 1.1340 and 1.1325 support.

XAUUSD
1314/1316 resistance
1307/1305 support
If the Sino-US trade consultation progresses, good news will likely stimulate the global stock market to rise, and there is a downside risk for gold and silver prices. In addition, the performance of US economic data is worthy of attention. The US data is good, and the dollar is supported. The price of gold has a chance to fall. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance zone of 1314/1316.

US crude oil futures:
54.90/55.50 resistance
53.05/52.65 support
Concerned about the final outcome of the Sino-US trade negotiations. If the negotiations progress well, it is expected to push up the price of crude oil. But technically, we must focus on the resistance between the $55 and $56 ranges and pay attention to adjusting the risk.

US Dow Jones Industrial Index Futures
US3025480/25570 resistance
25250/25180 support
The market looks forward to the outcome of the meeting and negotiations going well, and expected to support the stock market to perform well. However, during the negotiations, the stock market adjusted. Technically, if the Dow falls below 25250 support, the trend may further expand the decline, but you can pay attention to the adjustment of the next level of important support is still 24,750.

BTCUSD:
3480 / 3280 support
3750 / 3950 resistance
If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.

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 · Feb 17, 2019

Personal opinions today

US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year, indicating that the Fed is considering to stop interest rate hikes this year. After the US economic data released and the Fed officials spoke last Friday night, the dollar weaker, the US dollar index below 97. Coming Thursday, the Fed issued a statement of monetary policy meetings, and the market waited for the overall Fed and the Fed chairman’s comment of monetary policy. Moreover, the US economic data is weak and other Fed officials maintain weaker dollar’s speech, the dollar's weakness will likely continue.

Today, the US President’s Day, the New York Stock Exchange is closed for one day. US Dow Jones Industrial Index futures US30, gold, silver and crude oil futures trading, early in the evening at 20:00. attention please!

In addition, there is no economic data released in the United States, and the market focus is on the forecast of European economic data tomorrow. It is believed that the Fed’s official dovish speech and expected European economic data will stabilize. In the short term, European currencies, commodity currencies and commodity prices are expected to keep rising.

Today's suggestion:
EURUSD
1.1340/1.1355 resistance
1.1280/1.1265 support
Federal Reserve officials said that the Fed interest rate should remain at current levels, predicting that the US economy will continue to be stable and there is limited room for interest rate hikes. However, economic data in the Eurozone is still weak. In addition, the situation of Brexit, dragging down the economic development of Europe and limiting the rise of the euro. The market is watching the performance of the Eurozone economic data and the UK job data tomorrow. Technically, Euro 1.1340 is an important short-term resistance. If the fundamentals of the Eurozone have not improved, the Euro will hard to break through the resistance and maybe test the 1.12 level.

GBPUSD
1.2935/1.2950 resistance
1.2865/1.2850 support
The Brexit procedure of the UK on March 29 was not sure, and it is believed that the pound is still weak and the rebound is weak. Although the pound has rebounded by the dollar's decline, but it seems 1.2935 and 1.2950 are important resistance. It remains to be seen whether the market sentiment can be broken. If the fundamental situation continues, and even worse news, the pound against the dollar will have the opportunity to test the level of 1.2850 or below.

USDCHF
1.0070/1.0085 resistance
1.0030/1.0015 support
Federal Reserve officials commented that the dollar fell and supported the rise in the Swiss franc. However, the overall European economic and political factors have led to unstable market sentiment, and it is believed that the Swiss franc is still likely to fall. Technically, the USDCHF was consolidated after the 1.0095 or 1.0120 resistance range. The 61.8% adjustment is 1.0030 and 73.6% is 1.0015. The USD/CHF is expected to be an important support reference at 1.0015.

USD/JPY
110.65/110.80 resistance
110.35/110.20 support
The Fed officials speech, it made the USDJPY adjusted. In addition, the market held this week's China-US trade negotiation in Washington. It seems that market sentiment changed, the US Dow and the Nikkei index rose, and safe-haven funds flowed out of the yen. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USD/JPY is focusing on 110.35 and 110.20 support.

AUDUSD
0.7165/0.7180 resistance
0.7125/0.7110 support
The market sentiment changed and the Australian dollar rose. After the Fed officer comments, the dollar fell and the market expected progress in Sino-US trade negotiations, supporting the rise of the Australian dollar. Technically, the Australian dollar rebounded 150% against the US dollar at 0.7165. If the market expects Sino-US negotiations to succeed, the Australian dollar is expected to continue to rise against the US dollar. Of course, the performance of the US economic data and the comments of the Fed officials cannot be ignored.

NZDUSD
0.6905/0.6925 resistance
0.6855/0.6830 support
Last week, China-US trade negotiations made progress. At present, investment sentiment has improved and the New Zealand dollar continues to rise. If the next round of Sino-US trade negotiations continues to achieve this week, it is hoped that the New Zealand dollar will have the opportunity to break through the resistance of 0.6905. At present, it is recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data and the comments of Fed officers speeches.

USD/CAD
1.3250/1.3270 resistance
1.3215/1.3195 support
The Fed monetary policy remarks, the dollar fell, and crude oil prices rose. Under the upward trend of US crude oil prices, the Canadian dollar was indirectly boosted. Tonight, Canada announced the national economic confidence index. The data performance and crude oil price trend will lead the development of the Canadian dollar. Technically, USDCAD at 1.3215 and 1.3195 are important support reference.

EUR/GBP
0.8780/0.8795 resistance
0.8745/0.8730 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK will release important economic data tomorrow, and there is a downside risk to the pound, which has the opportunity to boost the euro against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8795. Paying attention to the support of 0.8730.

EURCHF
1.1355/1.1370 resistance
1.1330/1.1315 support
The euro zone was affected by Spain's early elections. The euro's performance was still weaker than that of the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, focus on 1.1330 and 1.1315 support. If the market expects the euro zone economy to improve this week, the euro will strengthen, and the euro has a chance to test the 1.1370 resistance against the Swiss franc.

XAUUSD
1326/1329 resistance
1319/1316 support
The Sino-US trade negotiations have made progress, and the relationship between the two countries has further improved, stimulating the rise of global stock markets. In theory, the global stock market investment atmosphere will improve, and there will be downside risks to gold and silver prices. However, affected by the Fed’s officers comments on dovish speech, the US dollar index fell, and the price of gold broke through the resistance to more than $1,320. At present, we are paying close attention to the speeches of other Fed officials. If the Fed officials continue to make doves before the release of the Fed's monetary policy record on Thursday, it is believed that the price of gold is expected to rise further. On the contrary, it will probably fall. Technically, 1326 was at the end of last month. Today is the US President's Day holiday, the New York Stock Exchange closed, and the gold and silver trading was closed at 20:00, attention please!

US crude oil futures:
56.20/56.50 resistance
55.15/54.65 support
The Sino-US trade negotiations and the dovish speech of the Fed officials have once again boosted crude oil prices to nearly $56. Now, the OPEC said it will continue to cut production. Next, the China-US trade negotiations progress again this week, it is expected to continue to push up crude oil prices. But technically, pay attention to the $56 level range resistance and pay attention to adjusting the risk. Today, the US President's Day holiday, the New York Stock Exchange closed, and crude oil futures trading was closed at 20:00, attention please!

US Dow Jones Industrial Index Futures US30
25965/26050 resistance
25840/25760 support
The Sino-US trade negotiations have made progress, and the Fed officials have made comments, boosting the market sentiment and boosting the stock market. The market is waiting for the next round of negotiations this week, and it is estimated that the stock market may be adjusted before the consultation. Today, the US President's Day holiday, the New York Stock Exchange is closed. On the US President's Day holiday, the New York Stock Exchange closed, and the US Dow Jones Industrial Index futures US30 closed early at 20:00, attention please!

BTCUSD:
3480 / 3280 support
3750 / 3950 resistance
US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. Assume that If the cryptocurrency market demand increase and the dollar depreciation that will be pushed up the price of bitcoin, the first resistance at US3750.

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 · Feb 18, 2019

Personal opinions today
The US Federal Reserve official dovish comments, affecting the US dollar index continued to fall below 97. On the Thursday morning, the Federal Reserve will issue a record of the monetary policy meeting, and the market will wait for the Fed's monetary policy orientation. Of course, if the US economic data is weak in the past two months and the Fed officials take the remarks, the weak dollar will likely continue until the US economic data turns stronger. In addition, European economic performance and political and Brexit risks are related to the strength of the US dollar.

Yesterday was the US President’s Day, the US market was closed, and today’s market is reopening, but the lack of US economic data is released. The market focuses on the performance of the Eurozone and UK economic data today. These include the number of UK unemployment and unemployment claims and the German and Eurozone economic sentiment indices.

It is believed that the performance of the results will bring about fluctuations in European currencies. In addition, the Brexit uncertainty and believe that will make the market concerns, negative for the pound, and affect both the euro and the Swiss franc. Many of the above negative factors will have a support for gold and silver prices. Please pay attention!

Today's suggestion:
EURUSD
1.1340/1.1355 resistance
1.1285/1.1270 support
Federal Reserve officials predict that the US economy will continue to be stable, the pace of interest rate hikes will slow down, and it is recommended to stop raising interest rates. However, economic data in the Eurozone is still weak. In addition, the UK Brexit dragged down the European economy and limited the euro's rise. The market is watching the performance of the Eurozone and the German economic sentiment index and the UK job data. Technically, Euro 1.1340 is an important short-term resistance. If the fundamentals of the Eurozone have not improved, I believe that the opportunity to break through the resistance is low, and pay attention to the high adjustment risk, and may try to support 1.1270 in the future.

GBPUSD
1.2935/1.2950 resistance
1.2865/1.2850 support
The Brexit procedure of the UK on March 29 was not confirm, and it is believed that the pound is still weak. Even the GBPUSD rebound, but still looking weak again. Technically, the British pound against the US dollar may be subject to the resistance range of 1.2935 to 1.2950. It is to be seen that market sentiment and Brexit news have improved, and the British pound has broken through the range resistance. If the fundamentals continue to change and even worse news, the pound will have a chance to test the 1.2850 or below against the dollar. Please pay attention in the UK job data today in this afternoon.

USDCHF
1.0060/1.0075 resistance
1.0030/1.0015 support
The Swiss franc has been dragged down by European economic and political factors. Technically, the US dollar has been consolidated against the Swiss franc in the 1.0095 or 1.0120 resistance range. The 61.8% support level for adjustment waves is 1.0030 and 73.6% is 1.0015. If you do not see the 1.0015 support level, it will have a chance to rebound and try to test the 1.0060 or 1.0075 resistance.

USDJPY
110.85/111.05 resistance
110.45/110.25 support
The US holiday was closed last night, and the stock market did not change much. The dollar was stable against the yen. At present, the market is holding a Sino-US trade negotiations in Washington this week to watch the outcome of the negotiations. If the US Dow and the Japanese stock market Nikkei keeps going upward. The safe-haven funds may have a high chance of outflowing the yen. The USD/JPY still has a chance to rise. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USDJPY is concerned with 110.45 and 110.25 support.

AUDUSD
0.7165/0.7180 resistance
0.7110/0.7085 support
If following the comments of the Federal Reserve Bank, the Australian dollar may be downward. If the market expects the Sino-US negotiations to be successful and the investment climate is strong, the Australian dollar is expected to continue its upward trend. It is recommended that the progress of Sino-US trade negotiations be closely monitored. In addition, the performance of the US economic data and the comments of Fed officials this Thursday morning.

NZDUSD
0.6860/0.6880 resistance
0.6830/0.6810 support
The Sino-US trade negotiations has made progress, and the market waits for the next round of meetings and consultations in Washington this week. The current investment sentiment is improving, and the New Zealand dollar is expected to continue its upward trend. However, the performance of the Australian dollar may indirectly affect the short-term fluctuations of the New Zealand dollar. In the medium term, it is recommended to pay close attention to the progress of Sino-US trade negotiations, the performance of the US economic data and the Fed's monetary policy record on Thursday morning.

USD/CAD
1.3265/1.3280 resistance
1.3215/1.3195 support
The Fed’s monetary policy comments made the dollar lower. In addition, crude oil prices rose, supporting the Canadian dollar. The release of the US crude oil inventories report may lead to the development of crude oil prices, and the US monetary policy orientation may push up the Canadian dollar. Technically, the USD/CAD may test 1.3215 and 1.3195 these two important support.

EUR/GBP
0.8780/0.8795 resistance
0.8745/0.8730 support
There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. Today, the UK announced job data, the market is estimated to be bad for the pound, the pound has a downside risk, there is a chance to boost the euro against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8795 and the important support at 0.8730.

EURCHF
1.1370/1.1390 resistance
1.1340/1.1325 support
The euro zone was affected by Spain's early elections. The euro's performance was still weaker than that of the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, 1.1330 and 1.1315 as important support level. If the Eurozone economic sentiment index improves today, the euro has a chance to strengthen, and the euro has a chance to test the 1.1370 resistance or higher against the Swiss franc.

XAUUSD
1327/1329 resistance
1322/1319 support
The Sino-US trade negotiations have made progress, and the relationship between the two countries has further improved, stimulating the rise of global stock markets. In theory, the global stock market investment atmosphere will improve, and there will be downside risks to gold and silver prices. At present, we are paying close attention to the speeches of other Fed officials. If the Fed officials continue to make doves before the release of the Fed's monetary policy record on Thursday, it is believed that the price of gold is expected to go up further. On the contrary, it will probably fall, and the gold price trend will be reversed.

US crude oil futures:
56.70/57.05 resistance
55.65/55.05 support
The Sino-US trade negotiations look good and the dovish speech of the Fed officials have once again boosted crude oil prices. The OPEC oil group said it will continue to cut production. If the China-US consultation progresses again this week, it is expected to continue to push up crude oil prices. Pay attention to adjusting the risk. If the crude oil price falls below 56 US dollars, the trend may continue downward.

US Dow Jones Industrial Index Futures US30
26050/26125 resistance
25780/25660 support
The Sino-US trade negotiations has made progress and the market is waiting for the next round of meeting this week. In addition, the Fed’s official dovish remarks boosted the market sentiment and the stock market made good. However, it is generally believed that the stock market may be adjusted before the Sino-US trade negotiations this week. Please pay attention!

BTCUSD:
3780 / 3580 support
3950 / 4100 resistance
US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. The commentary is increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. The first resistance at US3750 breakthrough, next will looking at 3950. If the fundamentals unchange, another is 4100 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.

Kelly Yeung · Feb 19, 2019

Personal opinions today

The Eurozone economic sentiment index and UK job data improved, boosting the euro and the pound. In addition, last night, another US Federal Reserve officer also said that expecting the US economy to slow down in the first half of the year, this year's inflation may be less than 2%, suggesting that the Fed should slow down, or consider stopping interest rate hikes. The comments further affected the dollar's confidence and the dollar to fall. The market is waiting the Fed's monetary policy minutes tomorrow morning, it seems the dollar is facing downside risks. If the Fed’s monetary policy minutes show that most officers do not agree to stop raising interest rates, it is expected that the dollar will rebound. After all, the euro zone political and the Brexit unresolved. The euro and the pound may facing downside risks, changing the recent dollar performance.

Today, it is expected that the Eurozone German Production Price Index and UK industrial order data will affect the Euro and the British Pound before the evening of Beijing time this afternoon. If the European data shows weakness, it is possible to adjust the euro ,the Swiss franc and the British pound. No important US data has been released tonight, and investors are waiting for the minutes of the Federal Reserve’s monetary policy meeting at 3:00 am tomorrow. It will affect the short-term fluctuations and the US dollar. In addition, the US crude oil inventory report will be released tomorrow morning, and the increase or decrease in inventory will affect the fluctuation of crude oil prices and the trend.

Today's suggestion:

EURUSD
1.1365/1.1380 resistance
1.1335/1.1310 support
The Eurozone economic sentiment index improved and supported the euro exchange rate. In addition, there are Fed officials predicting that the US economy will continue to stabilize or slow down, and the pace of interest rate hikes can be slowed down. It is even recommended that the Fed stop raising interest rates this year. After the remarks, the dollar fell, boosting the euro. However, it is estimated that the economy in the first quarter of the euro zone is still weak. The uncertainty of the Brexit, dragging down the economic development of Europe, will likely limit the euro's rise. Technically, the euro has tried the resistance of 1.1355. The trend seems to be optimistic, but the euro zone faces a lot of economic and political problems. If the resistance is broken, the upside may be limited, and the euro will facing the reversing risk. Please pay attention.

GBPUSD
1.3080/1.3100 resistance
1.2950/1.2935 support
A number of Fed officers suggested that the Fed should stop raising the interest rates and the dollar fell. In addition, the British Prime Minister visited the European Union and discussed to amend the Brexit Act. The news stimulated and boosted the pound. However, the European Commission has indicated that the Brexit Act has no room for modification. There is uncertainty in the Brexit issue again. The pound is still weak and the rebound may be limited. If the fundamental unchanged, or even worse news, the pound against the dollar may reverse, there will be a chance to return to 1.28 level. The current important reference resistance as 1.3100.

USDCHF
1.0030/1.0050 resistance
0.9990/0.9970 support
The Swiss franc trend followed the euro and the dollar fell against the Swiss franc. Technically, the US dollar has been consolidated against the Swiss franc in the 1.0095 or 1.0120 resistance range. Adjusted the wave by 73.6%. It is estimated that after falling below the 1.0015 support level, the US dollar against the Swiss franc is expected to test 0.9990/0.9970 support, but must pay attention to the development of the euro. Afternoon European data and the minutes of the Fed meeting tomorrow morning, investors watching, may affect the Swiss franc trend.

USDJPY
110.90/111.15 resistance
110.65/110.50 support
The economic data released by Japan this morning was weak and the yen fell. In addition, the market is in this week's Sino-US trade consultation, expecting the negotiations to bring further results, and the market investment atmosphere is strong. The US Dow and the Japanese stock market Nikkei are improving, and the dollar has benefited from the yen. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USD/JPY is short-term focus on 110.50 important support.

AUDUSD
0.7175/0.7195 resistance
0.7140/0.7125 support
Yesterday, the Reserve Bank of Australia meeting minutes announced that the Australian dollar may be under pressure, once tested 0.7105. But the Fed officials’ comments made the dollar fall and boosted the Australian dollar. In addition, the market expects China-US trade consultation this week, expecting to achieve further results, rising industrial commodity prices and boosting the Australian dollar. It is recommended to pay close attention to the progress of Sino-US trade negotiations. However, it must be noted that the US Federal Reserve meeting minutes, policy content can not be ignored, may make the Australian dollar against the US dollar adjustment.

NZDUSD
0.6880/0.6900 resistance
0.6850/0.6830 support
Last week, Sino-US trade consultations made progress, and the market waited for the next round of meetings and consultations between the two sides in Washington this week. The current investment sentiment is improving, and the New Zealand dollar is expected to continue its upward trend. However, the performance of the Australian dollar against the US dollar often indirectly affects the short-term fluctuation of the New Zealand dollar, which is worthy of reference In addition, it is recommended to pay close attention to the progress of Sino-US trade negotiations and the Fed's monetary policy record tomorrow morning.

USD/CAD
1.3235/1.3250 resistance
1.3195/1.3180 support
The Fed’s monetary policy comments made the dollar further lower. In addition, crude oil prices rose, supporting the Canadian dollar. The US crude oil inventory report to be released tomorrow may lead to new developments in crude oil prices, and it is recommended to pay attention. Technically, the US dollar against the Canadian dollar is expected to test 1.3195 as an important support level. Look back at the crude oil price and the Fed's monetary policy meeting minutes.

EUR/GBP
0.8720/0.8735 resistance
0.8665/0.8650 support
The British Prime Minister visited the European Commission to discuss the amendments to the Brexit Act and boost the performance of the British pound. The pound strengthened and the euro fell against the pound. Technically, the euro is expected to be supported at 0.86 against the pound, with resistance at 0.8720 and 0.8735. The main concern is the result of the British Prime Minister’s discussion with the European Commission.

EURCHF
1.1370/1.1390 resistance
1.1340/1.1325 support
A few days ago, this analysis pointed out that the euro zone was affected by Spain's early elections, the euro's performance was still weaker than the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, you can focus on 1.1330 and 1.1315 support. Since the euro zone economic sentiment index improved yesterday, the euro has a chance to strengthen, the euro against the Swiss franc has the opportunity to test the resistance of 1.1370 and higher. Looking at German economic data today, the data may affect the euro and affect the adjustment.

XAUUSD
1345/1348 resistance
1338/1335 support
The Sino-US trade negotiations have made progress, and the relationship between the two countries has further improved, stimulating the rise of global stock markets. In theory, the global stock market investment atmosphere will improve, and there will be downside risks to gold and silver prices. However, the influence of the Fed’s official dovish speech, the monetary policy stance, and the dollar index fell, which caused the price of gold to rise. At present, we are paying close attention to the speeches of other Fed officials. If the Fed’s monetary policy minutes is announced tomorrow morning, keep going to dovish, and it is believed that the price of gold is expected to rise further. On the contrary, it will probably fall, and the gold price trend will be reversed. It is currently estimated that 1350 and 1353 US dollars are important resistance to gold prices. If it breaks, it is expected to go up to $1,362. Conversely, the price of gold may fall.

US crude oil futures:
56.70/57.05 resistance
55.65/55.05 support
The Sino-US trade consultation negotiations looking good and the dovish speech of the Fed officials have once again boosted crude oil prices. The OPEC oil group said it will continue to cut production. If the Sino-US consultations progress again this week, it is expected to continue to push up crude oil prices. However, technical attention must be paid to the support level of 56 US dollars. Pay attention to adjusting the risk. If the crude oil price falls below 56 US dollars, the trend may continue downward. In addition, the Fed’s monetary policy record will be equally important tomorrow morning and must be concerned.

US Dow Jones Industrial Index Futures US
3026050/26125 resistance
25780/25660 support
The Sino-US trade consultation has made progress and the market is waiting for the next round of consultations this week. In addition, the Fed officials' dovish speech boosted the investment market sentiment and the US and global stock markets made good. Before the current consultation meeting, the two sides expressed a good process and supported the stock market to improve, but must pay attention to fluctuations and adjustments. Technically, special attention is paid to the resistance of 26050 and 26125. If the test fails, be careful to reverse the trend.

BTCUSD:3780 / 3580 support
3950 / 4100 resistance
US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. The commentary is increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. The first resistance at US3750 breakthrough, then the next target will be 3950 and next is 4100.

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 · Feb 20, 2019

Personal opinions today
The Fed minutes shown that Fed officials could not predict the Fed’s rate hike this year, but the pace of interest rate hikes will change the monetary policy strategy at any time depending on the economy growth and inflation. Since the Fed’s minutes did not indicate that the Fed completely stopped raising interest rates this year, the US dollar rose from below after the Fed’s meeting minutes were announced. The market is waiting the Asian time tonight, the US announced the number of initial jobless claims, durable goods orders and the US manufacturing and service purchasing managers index. Before the European market closed, US existing home sales data also pay attention. If the US economic performance is better than market expectations, it may help the US dollar index to expand.

In the global stock market and commodity market, investors believe that the US Federal Reserve will stop raising interest rates in the first quarter or the first half of this year because the Fed has not indicated the pace of interest rate hikes. The Dow investment sentiment is still good, and the Asian stock market has benefited from the Dow. In addition, the next round of high-level Sino-US trade talks will be held in Washington, DC this week. It is expected that global stock markets will continue to rise if no bad news. It is estimated that the price of crude oil is expected to be supported by the basic factors, maintaining a development of more than 55 US dollars, and looking at high resistance. However, the price of gold will have an opportunity to adjust and try to lower the price.

Today's suggestion:
EURUSD
1.1360/1.1375 resistance
1.1315/1.1300 support
In the afternoon of Asian time, the euro zone Germany and France announced the consumer price index, and the market waited for the German consumer price index to grow, boosting the euro. In addition, French and German manufacturing purchasing managers are also watching. At night, a number of important US data are equally important. Technically, the euro has tried the high resistance and the trend is good. However, many economic and political issues in the Eurozone believe that the upside may be limited, paying attention to the euro's adjustment of risk at a high level. If the 1.1315 and 1.1300 support levels fail, the euro has a chance to test 1.1270 or 1.1250.

GBPUSD
1.3075/1.3100 resistance
1.3020/1.2995 support
A number of Fed officials suggested that the Fed stop raising interest rates and the dollar fell. The news boosted the pound. However, the European Commission has indicated that it does not agree to the revision of the Brexit Act. In addition, the British Parliament official said that the vote to leave the European Union next week will be vetoed. The market rating agency Fitch said it will lower the UK rating. There are many uncertainties in the UK and the trend may go down at any time. If the GBP/USD may reverse and there will be a chance to return to the 1.28 level. The current important resistance can be referred to 1.3100.

USDCHF
0.9995/0.9980 support
1.0035/1.0050 resistance
The Swiss franc trend followed the euro and the dollar fell against the Swiss franc. Technically, the US dollar has been consolidated against the Swiss franc in the 1.0095 or 1.0120 resistance range. Adjusted the wave by 73.6%. It is estimated that after falling below the 1.0015 support level, the US dollar against the Swiss franc is expected to test 0.9990/0.9970 support, but must pay attention to the development of the euro. If the US data is good tonight, it may be a negative for the Swiss franc.

USDJPY
110.90/111.15 resistance
110.65/110.50 support
The Fed’s monetary policy did not affect the dollar, and the dollar remained stable against the yen. In addition, the market expected this week's China-US trade consultation meeting, expecting the negotiations to bring further results, the market investment atmosphere is strong. If the US Dow and the Japanese stock market Nikkei are improving, the USD/JPY has limited room for decline. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USD/JPY is focused on 110.50 as important support.

AUDUSD
0.7215/0.7235 resistance
0.7160/0.7140 support
A few days ago, the Reserve Bank of Australia meeting minutes, the Australian dollar may be under pressure. However, the Fed’s monetary policy and the Australian employment population increased more than market expectations, boosting the Australian dollar. In addition, the market expects China-US trade consultation this week and looks forward to further results. If the price of industrial goods rises, it will probably further boost the Australian dollar. It is recommended to pay close attention to the progress of Sino-US trade negotiations. But the results of the US economic data at night can not be ignored, which may make the Australian dollar adjust against the US dollar.

NZDUSD
0.6905/0.6925 resistance
0.6860/0.6840 support
The market is waiting for the next round of China-US meetings in Washington this week. The investment sentiment is expected to support the continued growth of the New Zealand dollar. However, the performance of the Australian dollar against the US dollar often indirectly affects the short-term fluctuation of the New Zealand dollar, which is worthy of reference In addition, it is recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data at night.

USDCAD
1.3185/1.3205 resistance
1.3155/1.3130 support
The minutes of the Fed and crude oil rise, supported the Canadian dollar. Technically, the US dollar against the Canadian dollar is expected to test 1.3195 as an important support level, and the trend is expected to continue to test the low position. However, it is recommended to pay attention to crude oil prices and US economic data performance.

EUR/GBP
0.8720/0.8735 resistance
0.8675/0.8660 support
The British pound is likely to turn bad. Beware of the fall of the pound and the rise of the euro against the pound. Technically, the euro is expected to be supported at 0.86 against the pound, with resistance at 0.8720 and 0.8735. The main concern is the result of the British Prime Minister’s discussion with the European Commission.

EURCHF
1.1370/1.1390 resistance
1.1340/1.1330 support
Many bad data and news, the euro's performance was still weaker than the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, if the EUR/CHF stays above 1.1330 and 1.1315, the EUR/CHF has the opportunity to test the resistance at 1.1370 and higher. Looking at German economic data today, the data may affect the euro and affect the adjustment of the euro against the Swiss franc.

XAUUSD
1343/1346 resistance
1336/1333 support
The influence of the Fed’s official dovish speech, the monetary policy stance of the pigeons, caused the price of gold to rise. The Fed’s monetary policy record was announced and the policy content continued to be a bit of a pigeon. I believe that the gold price still has a chance to remain high for a while. If the US economic data performance is stronger, the gold price trend may be reversed. It is currently estimated that 1350 and 1353 US dollars are important resistance to gold prices. If it breaks, it is expected to go up to $1,362. Conversely, if the price of gold falls, pay attention to the 1333 support.

US crude oil futures:
57.50/57.85 resistance
56.65/56.05 support
The results of the Sino-US trade talk and the Fed’s dovish policy have once again boosted crude oil prices. The OPEC oil group said it will continue to cut production next month and expects the Sino-US consultation to make another progress this week to support the better crude oil price. However, technical attention must be paid to adjusting the risk. If the price of crude oil falls below $56, the trend may continue downward.

US Dow Jones Industrial Index Futures US30
26050/26125 resistance
25780/25660 support
A new round of trade talks between the United States and China begins in Washington, this week. In addition, the Fed meeting minutes remain on the sidelines, failing to determine the pace of interest rate hikes, boosting the investment climate, and the US and global stock markets are doing well. Before the China-US trade talk, seems supported the stock market. However, it is necessary to pay attention to fluctuations and adjustments. Technically, special attention is paid to the resistance of 26050 and 26125. If the test fails, be careful to reverse the trend.

BTCUSD:
3780 / 3580 support
3950 / 4100 resistance
US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. The commentary is increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. The first resistance at US3750 breakthrough, then the next target will be 3950 and next is 4100.

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 · Feb 24, 2019

Personal opinions today
The seventh round of the China-US high-level official trade talks that just ended on Sunday, the entire meeting is progressing smoothly. US President Trump said that he is satisfied with the progress of the two sides and resolves some questions. The US president is willing to extend the tariff-raising plan for China to ease market tensions. The global stock market is expected to rise further, but safe-haven funds will likely flow out of safe-haven commodities and currencies, and gold prices and the yen have a chance to fall.

Benefiting from the progress of China-US trade talks success , the offshore China RMB has risen. Australia and New Zealand, which are trading partners with China country, the Australian dollar and the New Zealand dollar against USD rebounded this morning. At the same time, the price of crude oil was up, and the Canadian dollar fell to 1.31 against the USD dollar.

In terms of fundamentals, the market is watching the performance of US economic data this week. On Thursday, the United States announced the fourth quarter GDP and the number of initial claims. In addition, the Eurozone economy and inflation data are worthy of attention. In addition to the data, this week the British Parliament voted for next Brexit draft. If the Brexit draft is rejected again and there is no plan to extend the Brexit deadline of March 29, the British pound’s trend will likely fall and affect other European currencies. But the other side of gold and the yen will likely benefit from rising.

Today's suggestion:
EURUSD
1.1360/1.1375 resistance
1.1315/1.1300 support
Today, the Eurozone only has the Spanish Production Price Index and the US Wholesale Sales and the Dallas Fed Business Activity Index as reference tonight . In addition, the market outlook is positive for the inflation data released by the Eurozone, which is believed to support the euro rise. Technically, the euro still has a chance to test resistance at 1.1360 or 1.1375 against the dollar. Conversely, if the 1.1315 and 1.1300 support levels fall below, the euro has a chance to test 1.1270 or 1.1250.

GBPUSD
1.3080/1.3095 resistance
1.3015/1.2995 support
This week, the British Parliament voted again for a new draft of the Brexit, but the market is estimated to be rejected by members of Congress again, which is bad for the pound. Also due to the close of the Brexit dead line, rating agencies have indicated that they will lower the UK credit rating. If the Brexit deadline cannot be extended, it is believed that the trend of the pound may weaken at any time under the influence of several uncertainties. If bad news seriously affects the UK's successful Brexit process, the pound will have a chance to return to the 1.28 level. The current important resistance can be referenced to the rebound wave of 73.6%, 1.3095.

USDCHF
0.9980/0.9965 support
1.0035/1.0050 resistance
The Swiss franc followed the upward trend of the euro and fell to between 1.00. The current Brexit risk exists and affects the European currency, noting that the Swiss franc is weak. Technically, the US dollar against the Swiss franc is expected to continue to test the support of 0.9980/0.9965, but must pay attention to the performance of the euro. If the US dollar weakens against the Swiss franc, it is possible to test resistance at 1.0035 and 1.0050.

USDJPY
110.85/111.00 resistance
110.50/110.35 support
Progress in the China-US Trade talks conference success, it may lead to an increase in the investment climate. The US Dow and the Japanese stock market Nikkei are expected to move up further, and the dollar-yen fall is limited. It is estimated that the USD/JPY will have the opportunity to test 110.85. After the breakthrough, it is expected to continue to test the 111 level. Technically, USD/JPY is short-term focus on 110.50 important support.

AUDUSD
0.7165/0.7180 resistance
0.7130/0.7115 support
The market expects progress in Sino-US trade negotiations, and the price of copper and aluminum rose, boosting the Australian dollar. The progress of the next round of Sino-US trade negotiations is very important, and at the same time, refer to the price performance of offshore RMB and the performance of the copper and aluminum as a reference for the Australian dollar against the US dollar.

NZDUSD
0.6895/0.6915 resistance
0.6860/0.6840 support
New Zealand announced this morning that retail sales growth was strong in the fourth quarter, and the Sino-US trade talks over the past weekend made progress and boosted the New Zealand dollar. However, the New Zealand dollar still has no breakthrough in 0.6900 and 0.6915, have been pay attention to the risk of the callback. Technically, it is recommended to pay close attention to the progress of the next round of Sino-US trade negotiations. And refer to the price performance of offshore China renminbi as a reference for the trend of the New Zealand dollar against the US dollar.

USDCAD
1.3155/1.3170 resistance
1.3095/1.3080 support
The Canadian dollar benefited from the progress of Sino-US trade talks, which led to the rise in crude oil prices. The US dollar was adjusted back to 1.31 against the Canadian dollar, and is supporting 1.3095 and 1.3080. Technically, after recommending the outcome of the China-US Trade Consultation Conference, while maintaining attention to the performance and development of crude oil prices, it may be important than the economic data released by Canada. .

EURGBP
0.8710/0.8725 resistance
0.8670/0.8650 support
The Brexit risk and rating agency may lower the UK rating, and at the same time be tested the British pound, beware of the pound's decline, thus raising the euro against the pound. Technically, the euro is expected to be supported at 0.86 against the pound, with resistance at 0.8725. The main concern is the results of the British Brexit vote this week after the British Prime Minister and the European Commission have discussed the results. And pay attention to the Brexit deadline, will be extended, boost the pound, so that the euro against the pound fell to 0.86 side.

EURCHF
1.1370/1.1390 resistance
1.1330/1.1315 support
Recently, the euro has fluctuated within the range of the Swiss franc. Technically, if the EUR/CHF stays above 1.1330 and 1.1315, the EUR/CHF has the opportunity to test the resistance at 1.1370 and higher. Looking at the Eurozone economic data this week, the data may affect the euro and affect the euro against the Swiss franc.

XAUUSD
1331/1333 resistance
1323/1321 support
The China-US Trade Conference has made progress and this week is watching the US-DPRK summit on Wednesday and Thursday. These are the things that bear the price trend of gold, and note that the price of gold may fall. Since the price of gold fell below 1333 last week, it is now estimated to be an important resistance. If the US-DPRK meeting did not change the denuclearization results and the US economic data slowed down, the gold price low 1321 became one of the important support positions, and it is possible to regain or break the 1333 resistance level.

US crude oil futures:
57.50/57.85 resistance
56.65/56.05 support
The results of the Sino-US trade negotiations and the Fed’s easing of monetary policy have boosted crude oil prices. And the OPEC oil group is expected to continue to cut production next month, and these factors support the price of crude oil. However, technical attention must be paid to adjusting the risk. If the price of crude oil falls below $56, the trend may continue downward.

US Dow Jones Industrial Index Futures US30
26160/26245 resistance
26030/25860 support
Sino-US trade negotiations have made progress, the US president has extended the deadline to increase import tariffs, and the market is looking forward to the next round of Sino-US trade negotiations. In addition, the Fed meeting minutes remain, no interest rate hike in short term. It will help boost the investment climate and hope to support the stock market. It is only necessary to pay attention to fluctuations and adjustments, to avoid over-trading and cause losses.

BTCUSD:
3580 / 3380 support
3950 / 4100 resistance
US Federal minutes shown that the US economy still under performance, it seems not necessary to raise interest rates during the year, the market expected the Fed is considering to stop interest rate hikes this year. It could be increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. If the first resistance at US3750 breakthrough again, then the next target will be 3950 and next is 4100.
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 · Feb 26, 2019

Personal opinions today
Last night, Federal Reserve Chairman Powell made a statement about the US semi-annual monetary policy report, which involved the Fed's enlightenment on the future economic outlook and interest rate policy. Powell said that the US economy still maintains a slight growth and inflation is moderate, but there are hidden concerns about future economic development. The monetary policy remains prudent and will maintain the current interest rate level in certain short time. The speech expressed that the Federal Reserve will not raise interest rates in the short term. As far as investors and history are concerned, in general, unless the US economy grows in the first quarter so fast, the Fed generally will considers to rise the interest rate after the second half of the year. The plan to schedule a rate hike may be planned as soon as possible at the Fed meeting on interest rates in April.
At present, the market estimates that if the United States does not have strong economic growth, the dollar trend will likely remain flat, and it is possible to continue the short-term downward trend. If the Brexit deadline and arrangements change, it will affect the dollar. In addition, the United States will release its fourth quarter GDP and personal consumption expenditure in February, tomorrow evening. These two important data are expected to fall in the market compared to the previous value. Assuming that before the data results are announced, the US dollar trend is difficult to strengthen significantly.

Today's suggestion:
EURUSD
1.1405/1.1420 resistance
1.1340/1.1325 support
Federal Reserve Chairman Powell made a statement on the US semi-annual monetary policy report, which indirectly boosted the euro. However, the future trend of the euro will still be reflected in the economic data of the euro zone, which will affect the performance of the euro. Today, the market is concerned about the Eurozone economy, such as the Industrial Index and the Consumer Confidence Index. If any data performance bad, it may cause the euro bearish. Technically, the euro broke through the 1.1375 resistance against the US dollar and then rebounded 61.8%, 1.1405. If the euro zone's economic data is weak, the euro may pull back against the dollar, with initial targets of 1.1340 and 1.1325 support.
GBPUSD
1.3260/1.3285 resistance
1.3215/1.3195 support
A new draft of the Brexit draft will be delayed until March 12. The British Prime Minister can try to revise the draft for a longer period of time. In the meantime, she can try to extend the Brexit time and avoid the risk of "hard Brexit". In addition, Fed Chairman Powell made a statement on the US semi-annual monetary policy report, which did not indicate the pace of interest rate hikes and indirectly boosted the pound. Technically, the pound has broken number of resistances, but if it is not above 1.3262 in the short term, the pound may be reversed. There is an opportunity to call back to 1.3215 or 1.3175.
USDCHF
0.9985/0.9965 support
1.0035/1.0050 resistance
The Swiss franc continues to follow the trend of the euro. Currently, the US dollar is trading between 1.00 and the Swiss franc. Technically, the US dollar continues to hold 0.9985 support against the Swiss franc. If the euro is weak, the USDCHF may test resistance at 1.0035 or 1.0050.
USDJPY
110.85/111.05 resistance
110.50/110.35 support
The chairman of the Federal Reserve Board maintained the dovish remarks, saying that there was no schedule to raise interest rates and had been negative for the dollar against the yen. However, from the fundamentals, the US President Trump intends to conduct a high-level China-US summit, further study and resolve between China-US trade agreements, so that the investment climate will continue to heat up. If the US Dow and the Japanese stock market Nikkei are generally well established, the dollar has limited room for a fall. The USD/JPY is expected to test the 111 level. Technically, USDJPY is still focusing on 110.50 important support in the short term.
AUDUSD
0.7205/0.7230 resistance
0.7165/0.7140 support
Sino-US trade consultations have made progress and support the price of industrial metal and commodities to keep rising, the Australian dollar is bullish. At present, we will pay close attention to whether the progress of the next round of the China-US Summit before the weekend can be successfully held. At the same time, the AUDUSD can refer to the offshore China RMB and industrial metal price performance as a reference for the Australian dollar against the US dollar. In the short term, you must pay attention to the risk of callback!
NZDUSD
0.6915/0.6935 resistance
0.6870/0.6850 support
The New Zealand dollar-related currencies, the Australian dollar and the China renminbi, performed well, indirectly supporting the rise of the New Zealand dollar. However, technically, the New Zealand dollar still failed to break through the resistance of 0.6900 and 0.6915, and must pay attention to the risk of callback in the short term.
USDCAD
1.3185/1.3205 resistance
1.3140/1.3125 support
The Fed’s monetary policy orientation once again supports the expectation of rising crude oil demand. Moreover, US crude oil inventories fell sharply, boosting crude oil prices. In fact, it also boosted the Canadian dollar. Technically, it is recommended to keep an eye on the performance of crude oil prices when trading in Canadian dollars. Tonight, Canada released consumer price index data, which is very important and may be one of the excuses to boost the Canadian dollar.
EURGBP
0.8615/0.8630 resistance
0.8575/0.8560 support
The Brexit vote is expected to be postponed, and the Brexit deadline is expected to be pushed to a limit. After the British pound rebounded, the euro fell against the pound. Technically, the euro broke the 0.8605 support against the pound, and the trend may continue downward. It is recommended to pay attention to whether the expiration date will be extended as expected by the market, and the pound will be boosted again, making the possibility of further decline of the EURGBP.
EURCHF
1.1390/1.1415 resistance
1.1370/1.1355 support
The Brexit deadline may be postponed and good news for the euro as well. Yesterday, it was expected that if the euro remained above 1.1330 and 1.1315 for the Swiss franc, the euro would have a chance to test the 1.1370 resistance against the Swiss franc. Looking forward to this week's important economic data reference released by the euro zone, the data may continue to affect the performance of the euro, while affecting the fluctuation of the EURCHF.
XAUUSD
1331/1333 resistance
1323/1321 support
The US-DPRK summit will bring peace, and the China-US summit is expected to drive economic momentum. Both may be negative for gold prices. It is recommended to note that the price of gold may be lowered. Technically, the gold price is at $1,333 as an important resistance reference. If the US-DPRK meeting can bring about a denuclearization process, the next round of the China-US Summit, coupled with the successful extension of the Brexit deadline, the gold price is expected to test the important support level of 1321, and even try the support of 1315 and 1311 dollars.
US crude oil futures:
56.35/56.75 resistance
55.45/55.05 support
The Federal Reserve Chairman remarked and kept the Fed’s loose monetary policy orientation. US crude oil inventories have decreased, and these factors have boosted crude oil prices. And the OPEC oil group is expected to continue to cut production next month, and these factors bullish on the price of crude oil. Technically, it is necessary to pay attention to adjusting risks. The price of crude oil at US$55 is one of the new important support points, which deserves attention.
US Dow Jones Industrial Index Futures US30
26160/26245 resistance
26960/25870 support
The US-DPRK summit is expected to bring peace to the Korean Peninsula. Sino-US trade consultations are progressing. The US president has extended the deadline to increase import tariffs, and the market is looking forward to the next round of the China-US summit. In addition, the Fed meeting minutes remained slack, and there was no determination to raise interest rates, which would help boost the investment climate and hope to bullish the stock market. Before the US Dow Jones Industrial Index futures break through the resistance of 26245, we must pay attention to the possibility of stock market correction.
BTCUSD:
3680 / 3480 support
3950 / 4100 resistance
The Federal Reserve Chairman Powell made a statement, report the US semi-annual monetary policy. This may involve the economic outlook and interest rate policy. The price of bitcoin stay back a bit. Now assumed the Fed is considering to stop interest rate hikes this first half year. It could be increasing the cryptocurrency market demand sharply. If the dollar have a chance to depreciation that will be pushed up the price of bitcoin and looking the next target 3950 and 4100.

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.

ATFX Market Updates 2019

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

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