ATFX Market Updates 2019

[Kelly Yeung]

Personal opinions today:

In the Asian trading session this morning, the foreign exchange market extended the performance of the US market closed last week. The US dollar index continued to slump, the euro performance continued to be above at 1.14, and the British pound maintained at 1.27. Gold and crude oil prices were still flat on the market. Gold was above $1,278, while US crude oil was tested at $46. The update market news shows China and the United States government will agree to meet on January 9 next week. The Chinese government actively cooperates with the details of trade negotiations. It is expected that the Sino-US trade war will be cool down, to avoid the uncertainty of US tariffs and the uncertain development of investment.

On the first day of 2019, international transactions entered normal operation, as long as the holidays in Japan and Korea were closed, but it is believed that it did not affect the trading of the European trading market in the afternoon. The focus of the market will looking at the US job market report this week. Due to the suspension of some departments of the US government, it is estimated that the US ADP job data in December and the number of initial jobless claims last week may be poor. The market is also concerned that the expected figures will be negative for the US dollar. Gold prices continue to be supported in the short-term bullish European and Asia Pacific currencies. In terms of oil prices, the US crude oil price will likely test for 47 US dollars, but the oil price can continue to rise. It may be believe it is necessary to wait for the US APl crude oil inventory report on Friday morning. If it will see a significant reduction, thus boosting the overall oil price.

Today's suggestion:

EURUSD
1.1465/1.1480 resistance
1.1425/1.1410 support
Although the dollar exchange rate performance is weakly developed, it is bullish for the euro. However, the market is still concerned about the performance of the Eurozone data. The overall forecast is that the Euro will remain within the range of 1.14 to 1.1480 in the short term. If the US job market report disappoints the market this week, the dollar will fall again, and the euro-dollar exchange rate is expected to rise, challenging the 1.15 level.

GBPUSD
1.2785/1.2810 resistance
1.2705/1.2690 support
The market continues to pay attention to the risk of Brexit. The UK government and the Prime Minister must announce the overall Brexit plan this month. It is imperative to arrange a Brexit plan in March to avoid economic damage. Otherwise, the UK government will be responsible for all risks after Brexit. problem. Therefore, the pound will continue to be under pressure in the short term. Technically, the trend is still bearish for the pound, and the 1.28 level will be the key to the resistance. If there are any problems that affect the investment in UK assets, the pound will have the opportunity to test the 1.25 level.

USDCHF
0.9820/0.9805 support
0.9875/0.9890 resistance
The U.S. government has not yet passed the issue of budget funds, which is bad for the US dollar, indirectly for the European currency, and indirectly for the Swiss franc. Technically, the Swiss Franc continues to follow the pace and direction of the Euro. However, the euro did not break above 1.15 against the dollar, and the dollar is expected to stop at 0.9800 support against the Swiss franc.

USD/JPY
109.75/110.00 resistance
109.30/109.15 support
Although this week's US job market report made the market think that the US dollar is not optimistic, and the US government has not yet passed the budget fund issue, it is bad for the US dollar. However, the Sino-US trade war has eased and made progress, and has the opportunity to boost the US Dow and the Asia-Pacific stock market. If the stock market rises, it will help the dollar to rise against the yen. It is recommended to pay close attention to the USD/JPY as the performance of the stock market has changed.

AUDUSD
0.7000/0.6975 support
0.7075/0.7090 resistance
This morning, China's manufacturing purchasing managers index recorded a contraction, only 49.7, affecting the performance of the Australian dollar. However, it is expected that the Sino-US trade war will resume negotiations, and the two sides will make progress. On the one hand, it is expected to improve trade relations, on the other hand, it will improve the development of international trade cooperation and drive the growth of Australia's economy. If the fundamentals improve, it will help the Australian dollar against the US dollar. Technically, if the Australian dollar rises against the US dollar, the first target can focus on 0.7090 resistance.

NZDUSD
0.6680/0.6660 support
0.6745/0.6760 resistance
This morning, China's manufacturing purchasing managers index recorded a contraction, only 49.7, affecting the performance of the New Zealand dollar. However, the Sino-US trade war is easing, and China and the United States plan to restart the meeting next week. The current relationship between the two sides is positive performs support the New Zealand dollar. At present, the New Zealand dollar performance is weak. However, it is expected to back the 0.6700. The New Zealand dollar will have the opportunity to test the resistance of 0.6745/0.6760.

USD/CAD
1.3650/1.3665 resistance
1.3590/1.3570 support
The Sino-US trade war has eased and it is expected to promote the normalization of international trade, which will also bring benefits to the Canadian economy. Moreover, the price of crude oil in the United States has risen, which indirectly affects the Canadian dollar. Technically, the Canadian dollar may still be weak, but the three-time challenge of 1.3665 resistance failed. If there is no negative factor that causes the Canadian dollar to fall, the USD/CAD trend is expected to return to below 1.3600. It is recommended to trade the US dollar against the Canadian dollar, paying attention to the development of crude oil price performance and the Canadian dollar.

EURGBP
0.9020/0.9035 resistance
0.8980/0.8965 support
Under the Brexit risk assessment, the euro zone economy and interest rate market outlook is better than the UK, and the euro is expected to rise higher against the pound. Technically, if the euro against the pound remains above the support of 0.8965. The euro has a chance to rise against the pound and will see resistance at 0.9020 or 0.9035 in the short term.

EURCHF
1.1300/1.1320 resistance
1.1240/1.1220 support
The trend of the euro and the Swiss franc followed the performance of the dollar, but the trend was similar. The short-term fluctuation of the EURCHF remains narrow, and it is recommended to focus on the above proposed range of volatility.

XAUUSD
1282/1284 resistance
1276/1274 support
This morning, China's manufacturing purchasing managers index recorded a contraction, only 49.7, affecting the performance of the Asia-Pacific stock market. In addition, the US government's budget fund has not yet been passed, and some government departments continue to operate, maintaining risk aversion and rising investment risks, driving gold to rise. If the US Congress resumes negotiations, the US government will eventually receive financial allocations, which is believed to be bad for gold. Coupled with the progress of Sino-US trade negotiations, easing the risk aversion, It may be cool down the price of gold.

US crude oil futures:
46.65/47.00 resistance
44.75/44.35 support
OPEC will start production reduction this month, Sino-US trade war is easing, negotiations have the opportunity to succeed, and there will be opportunities to drive crude oil prices to rebound. Currently technically it is expected to have resistance in the range of 46.65 and 47 dollars. Note that th US APl will announce the results of crude oil inventories on Friday morning, which may affect the price of crude oil.

US Dow Jones Industrial Index Futures US30
23685/24025 resistance
23150/23065 support
Some departments of the US government have stopped operating since failed to pass the budget fund, psychologically affecting the investment climate, and the US Dow may be go down at a high level. However, the current Sino-US trade war has eased, and at the same time it is expected to make progress, investment sentiment is heating up, and the US Dow is expected to test the key resistance of 24025.

BTCUSD:
4000 / 4200 resistance
3450 / 3250 support
After the bitcoin correction, the US dollar weaker. It seems to support most of the crypto currencies. Now the Bitcoin at US3450 is a key support. Also 4000 and 4200 as strong resistance. Keep watching the range of the momentum, and looking any breakthrough.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today:
In Asian trading yesterday, China announced that the manufacturing purchasing managers' index fell to 49.7 in December. In theory, the index was lower than 50, which caused the deterioration of the economic contraction, the Chinese stock market fell, and the Asian stock market and the European stock market fell as well. In the early of the US stock market trading, the US Apple chairman said that the performance warning, the US Dow extended fell by nearly 2%. Global stock markets fell, capital inflows into the yen and gold, pushing up silver prices as well. The current global stock market is weak, global financial market volatility.
Moreover, the US government departments have partially stopped operating, and time is out of date. The market investment mentality is prudent and pessimistic. In the current, the investment market is turbulent and it is recommended to pay attention to risks.

At present, the focus of the market is to focus on the number of ADP job data and initial jobless claims released by the US tonight. The above two job data may affect the US official non-farm payroll, unemployment rate and average wage results in tomorrow night. Also, the market is expected to announce at 23:00 tonight, the US December Purchasing Managers Index. The market estimates that all data in the US may perform poorly tonight. It is expected that the above data will be negative for the US dollar before the announcement tonight, which is more likely to affect the global stock market decline as well. It is estimated that the currencies of Europe and Asia Pacific will be stabilized in the short term after a sharp adjustment last night, but the yen and gold prices will likely continue to rise.

The investment market has just entered the trading cycle of the new year. Fund house and financial institutions are evaluating with the profit and loss of global economic development and budget enterprises in 2019. The investment market is relatively volatile, not stability. Attention should be paid to trading risks and strict stop loss when investing. If the trading position is under profit, it is recommended to set a profit stop loss and lock in profit to prevent market fluctuations.

Today's suggestion:
EURUSD
1.1325/1.1305 support
1.1385/1.1405 resistance
In this analysis suggestion yesterday, it is estimated that the euro will remain within the range of 1.1400 to 1.1480 in the short term. Finally, the euro is adjusted by the high resistance level against the US dollar, and finally fell below the 1.14, and the low was 1.1305. The market is concerned about the impact of the Brexit risk on the Eurozone economy in 2019, not only limiting the euro's gains, but also adjusting the euro exchange rate. The euro zone's money supply is higher than expected by 3.8% this afternoon, while the US job data is weak at night, and there will be an opportunity to boost the euro. The initial resistance targets above are 1.1385 and 1.1405. But if the euro falls below 1.1285 against the dollar, the trend may continue to fall.

GBPUSD
1.2585/1.2610 resistance
1.2455/1.2430 support
The market continues to pay attention to the risk of Brexit. The UK government and the UK Prime Minister must announce the Brexit plan this month. It is imperative to arrange a Brexit plan in March to avoid economic damage. Otherwise, the British government will be responsible for all the problems after the Bremom risk. Yesterday, this analysis pointed out that the pound had another chance to test the 1.25 level. Tonight, the pound fell further and fell to 1.2430. The Brexit plan is still in progress and the pound is more volatile.

USDCHF
0.9850/0.9825 support
0.9925/0.9950 resistance
Technically, the Swiss Franc continues to follow the pace and direction of the Euro. According to the analysis of yesterday's analysis, the euro did not break through 1.15 against the US dollar. It is estimated that the US dollar against the Swiss franc stopped at 0.9800. On the contrary, the current euro hold the 1.1305 and 1.1285 support, the dollar against the Swiss franc may stop at 0.9950 resistance.

USD/JPY
107.75/108.00 resistance
106.80/106.55 support
The market estimates that the US job data and report may be weak in December, and the US government has not yet passed the government budget, which is negative for the US dollar. Coupled with stock market volatility, the yen has become a safe haven and the yen has appreciated. However, it is necessary to pay attention to the recent Japanese holiday, the yen has risen sharply. If the Japanese market resumes tomorrow, triggering the intervention of the Bank of Japan, it may make a large-scale adjustment to the US dollar against the yen. Please pay attention to the investment. At present, please pay attention to the trend of global stock market and how to influence the change of USD/JPY.

AUDUSD
0.6900/0.6875 support
0.6975/0.7000 resistance
Yesterday, the China Manufacturing Purchasing Managers Index recorded a contraction and affected the Australian dollar weakening. Coupled with the fall in global stock markets, cross-rate made the market volatility, the Australian dollar fell. However, it is expected that the Sino-US trade war will resume negotiations, the two sides will improve trade relations, re-promote international trade cooperation, and have the opportunity to drive Australia's economic growth. The Australian dollar is expected to be supported. But in any case, this week's US job data release and fund trading changes may bring volatility in the Australian dollar against the US dollar.

NZDUSD
0.6580/0.6560 support
0.6665/0.6680 resistance
Yesterday, China's manufacturing purchasing managers index recorded a contraction, and affected the weakening of the Australian dollar, indirectly affecting the New Zealand dollar. Coupled with the fall in global stock markets, cross trade made the market volatility, the New Zealand dollar fell. However, it is expected that the Sino-US trade war will resume negotiations, the two sides will improve trade relations, re-promote international trade cooperation, and have the opportunity to drive economic growth in the Asia-Pacific region. The New Zealand dollar is expected to be supported. But in any case, this week's US job data release and fund trading changes may bring volatility in the NZD against the US dollar.

USD/CAD
1.3650/1.3665 resistance
1.3600/1.3585 support
The Sino-US trade war has eased and it is expected to promote the normalization of international trade, which will also bring benefits to the Canadian economy. Economic growth has indirectly boosted the rise in crude oil prices, as well as the Canadian dollar. Technically, the Canadian dollar may still be weak, but the short-term multiple challenges of 1.3665 resistance failed. If there is no negative factor that causes the Canadian dollar to fall, the USD/CAD trend is expected to return to below 1.3600. It is recommended to trade the US dollar against the Canadian dollar, paying attention to the development of oil price performance and the Canadian dollar.

EUR/GBP
0.9080/0.9105 resistance
0.9030/0.9005 support
Under the Brexit risk assessment, the euro zone economy and interest rate market outlook is better than the UK, and the euro is expected to rise higher against the pound. Technically, if the euro against the pound can maintain above 0.8965 support, it is estimated that the euro against the pound has a chance to rise.

EURCHF
1.1230/1.1245 resistance
1.1200/1.1185 support
The trend of the euro and the Swiss franc followed the performance of the dollar and the trend was similar. The short-term fluctuation of the euro against the Swiss franc, it is recommended to pay attention to the above proposed range of volatility, and pay attention to trading risks.

XAUUSD
1292/1295 resistance
1283/1280 support
The China Manufacturing Purchasing Managers Index recorded a contraction. The US corporate profit warning and the US job data were expected to be weak, affecting the decline in global stock markets, rise up in market risk aversion and push up the gold prices. In addition, the US government departments have partially stopped operating, increasing risk aversion and rising investment risks, driving gold to rise. If the US Congress resumes negotiations, the US government will eventually receive government budget, which is believed to be negative for gold. Coupled with progress in Sino-US trade negotiations, it eases risk aversion and believes that if pessimistic sentiment changes, it can cool down the price of gold.

US crude oil futures:
47.05/47.55 resistance
45.05/44.55 support
OPEC will start production cuts this month, and the Sino-US trade war is easing. It is expected that the negotiations will have a chance to succeed next week and there will be an opportunity to brew a rebound in oil prices. At present, the technical resistance is expected to be in the range of 47 US dollars. There have been many high-level declines, and it is necessary to pay attention to the risk of chasing high positions. The market is waiting to see the US APl will announce the results of crude oil inventories on Friday morning, which may affect the price of crude oil.

US Dow Jones Industrial Index Futures US30
23235/23425 resistance
22900/22800 support
The US government departments have partially stopped operating, since the government budget failed. Psychologically affecting the investment climate, and the US Dow may be face the downside risk. However, the current Sino-US trade war has eased, and at the same time it is expected to make a positive progress. The investment sentiment is heating up. It is expected that the US Dow can test the resistance of 23235 and 23425, and further test the key resistance of 24025.

BTCUSD:
4000 / 4200 resistance
3450 / 3250 support
After the bitcoin correction, the US dollar weaker. The US government departments have partially stopped operating, increasing the market risk. It seems to support the crypto currencies. Now the Bitcoin at US3450 is key support. Under the market risk currently, the Bitcoin probably test US4000 or US4200 resistance. Keep watching the range of the momentum, and looking any breakthrough.

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

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

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

 

[Kelly Yeung]

Personal opinions today:
Following the fall of China’s manufacturing purchasing managers’ index, the US’s manufacturing purchasing managers’ index fell in December last year, falling to 54.1, down from 59.3 last month, bringing the US economy to contract and the prospects worsening. Last night, the US stock market once fell more than 700 points, closing some of the lost ground, but still closed earlier than the day, down 685 points. The market is watching the increase in the number of US non-farm payrolls tonight. It is expected that the US ADP job data will be strong last night, which is expected to boost the US Dow, and then boost the global stock market and the Asian stock market early next week.

Last night, the US announced that ADP employment in December exceeded 270,000, an increase from the past year, which means that the confidence in business activities is still strong. Unfortunately, the number of initial jobless claims has increased by 10,000 from last week. Probably, tonight the US officially announced the non-farm payroll population rise. But the unemployment rate and average wage results, the market is more concerned about whether the average wage has improved. If the number of ADP increases, it is expected to drive wage increases. The higher increase , it could become the stronger the US dollar. However, please pay attention to trading risks and avoid over trade.

In this afternoon, the European data is important , included the German job data and Eurozone consumer price index CPl. At 21:30 in the evening, the US job report and Canada job data which are important data for tonight. It is expected that the market will fluctuate today, while the response needs speed up when trading.

* Due to the impact of many heavy data today, market risks have increased more than normal, market conditions have fluctuated, financial institutions and banks' quotations and spreads have changed more than normal, and there may be slippage and delayed quotations.
Please note! It is recommended to avoid trading when the heavy data appears for a moment, and then capture the market conditions and after the data is released, so as not to cause unnecessary losses!

Today's suggestion:
EURUSD
1.1445/1.1475 resistance
1.1375/1.1345 support
By technically estimated that the euro will remain within the fluctuation range of 1.1375 to 1.1445 in the short term. The job data both in the Eurozone and the US today. The market is more concerned about the US average wage in December and has the opportunity to generate large market volatility. Therefore, it is expected that the overall volatility of the euro against the US dollar may rise by more than 100 points throughout the day. Technical analysis is more worthy of attention. The euro is facing strong resistance against the US dollar at 1.15, and it is possible to be careful when trading.

GBPUSD
1.2685/1.2715 resistance
1.2575/1.2540 support
As the analysis yesterday, assuming the US data is weak, the US Dow and the US dollar may fall, boosting the pound. At present, GBP/USD has the opportunity to test resistance at 1.2685 or 1.2715 before the Eurozone data for the afternoon and the US job data tonight. But remember that the risk of Brexit has not been lifted, pay attention to the high risk of falling back!

USDCHF
0.9830/0.9805 support
0.9885/0.9905 resistance
Technically, the recent weak US economic data and US dollar assets have caused the euro to rise, indirectly to the Swiss franc. According to recent analysis, if the euro does not break the 1.15 mark against the dollar, it is estimated that the dollar will stop before the 0.9800 support level against the Swiss franc. Currently pay attention to 0.9830 and 0.9805 support.

USD/JPY
108.15/108.40 resistance
107.50/107.25 support
As the analysis pointed out yesterday, the yen will be revised sharply by the end of the Japanese holiday. At present, the market is worried that the yen has risen sharply in recent days, triggering the Bank of Japan policy to correct the yen. Of course, if the global stock market is weak, it will affect the dollar and the yen continue to fall. In response to the US employment report announced tonight, the market may be mixed due to the uneven performance of the US job data, causing market volatility and price reversal. It is recommended to reserve sufficient trading funds and carefully consider trading risks.

AUDUSD
0.6980/0.6965 support
0.7035/0.7055 resistance
The market expects the US official employment data to be weak, coupled with the expected US-China trade war negotiations will achieve results, and improve trade relations, promote international trade cooperation and development, and promote Australia's economic growth, the Australian dollar rebounded at a low level. After the Australian dollar rebounded, the focus on the US job data tonight, which may bring volatility of the Australian dollar against the US dollar.

NZDUSD
0.6580/0.6560 support
0.6665/0.6680 resistance
The market expects the US official employment data to be weak, coupled with the expected US-China trade war negotiations will achieve results, and improve trade relations, promote international trade cooperation, and promote economic growth in Australia and New Zealand, the Australian dollar and New Zealand dollar rebounded at a low level. After the rebound of the New Zealand dollar, the focus on the US job data tonight, which may bring fluctuations in the New Zealand dollar against the US dollar.

USD/CAD
1.3585/1.3615 resistance
1.3445/1.3415 support
Recently pointed out that the Sino-US trade war has eased and it is expected to promote the normalization of international trade, which will also bring benefits to the Canadian economy. Economic growth indirectly boosts crude oil prices, which can also benefit the Canadian dollar. The dollar fell yesterday, indirectly boosting the Canadian dollar. The price of crude oil has risen, with a bullish Canadian dollar. Note that the Canadian and US job data released tonight may bring significant fluctuations in the Canadian dollar.

EUR/GBP
0.9060/0.9085 resistance
0.9005/0.8975 support
Under the Brexit risk assessment, the euro zone economy and interest rate market outlook is better than the UK, and the euro is expected to rise higher against the pound. Technically, if the euro against the pound can maintain above 0.8965 support, it is estimated that the euro against the pound has a chance to rise. Currently concerned about the 0.8975 support level.

EURCHF
1.1270/1.1295 resistance
1.1225/1.1205 support
The trend of the euro and the Swiss franc followed the performance of the dollar and the trend was similar. The short-term fluctuation of the euro against the Swiss franc, it is recommended to pay attention to the above proposed range of volatility, and pay attention to trading risks.

XAUUSD
1299/1303 resistance
1283/1280 support
US stock fell and the US job data is expected to be weak, affecting the decline in global stock markets, triggering a rise in market risk aversion and rising gold prices. In addition, the increasing risk aversion and rising investment risks, driving gold to rise. If the US job data did not disappoint the market tonight, the average wage has a increase sharply. It is expected to cool down the gold price. Due to the release of heavy data from the US tonight, the price of gold may fluctuate drastically. Pay attention to trading risks. It is recommended to prepare funds, reduce position coordination and reduce risks!

US crude oil futures:
47.45/47.75 resistance
45.75/45.35 support
OPEC will start production this month. This morning, the US APl crude oil inventories have once again decreased, and the Sino-US trade war is easing. It is expected that next week's negotiations will have a chance to succeed, and there will be an opportunity to brew a rebound in oil prices. After technically looking at the resistance of the $47 range, the test is $48. But the market is watching the US employment report and wage levels, which may affect the price of crude oil at that time.

US Dow Jones Industrial Index Futures US30
23015/23325 resistance
22540/22340 support
The US companies are forecasting pessimistic outlooks, psychologically affecting the investment climate, and the US Dow continues to exert downward. However, the current Sino-US trade war has eased, and at the same time it is expected to make progress, investment sentiment is heating up, and the US Dow is expected to rebound. Technically, in the short term, the United States will announce the number of non-farm payrolls and average wages tonight. Coupled with the prospect of Sino-US trade negotiations, next week will bring good news, the US Dow is expected to test the resistance above, and then further test the key resistance of 24025.

BTCUSD:
4000 / 4200 resistance
3450 / 3250 support
US dollar weaker since the market seems increasing the market risk. It could be positive for the crypto currencies. Now the Bitcoin at US3450 is key support. Under the market risk, the Bitcoin probably test US4000 or US4200 resistance. Keep watching the range of the momentum, and looking any breakthrough.

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

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

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

 

[Kelly Yeung]

Personal opinions today:
The Sino-US Trade Ministerial Meeting was reconvened today, continuing the Sino-US trade negotiations between the G20 summit last year. The market expects the Sino-US trade truce and reached a complete truce, cancelled the trade to impose additional tariff policies, and promoted the dawn of global economic recovery. If the initial negotiations bring constructiveness, global stock markets and Asia Pacific currencies are expected to continue last week's gains, gold and silver may continue to adjust downwards, while crude oil prices are expected to rise. Of course, trading risks exist, keeping in mind the position and control of funds, strictly maintaining stop losses and avoiding excessive losses.
Looking back last week, the US officially announced that in December last year, non-farm payroll were reported to be 312,000, which was much faster than market expectations, but the unemployment rate rose to 3.9%. The US Department of Labor explained that because of the peak season and holidays, the demand for jobs has increased, and more people are looking for jobs and pushing up employment, leading to an increase in unemployment rate. Of course, the market more focus on the average hourly wage performance. The average hourly wage rose to 0.4% in December, and the annual rate also found a slight increase. It reflects that the United States will likely continue inflation, but Federal Reserve Chairman Powell released the "doves" speech, which cooled the dollar.
This week, the US released CPI inflation data for December, and the market attaches great importance to it. In addition, today the US announced November durable goods orders, factory orders and the December service sector purchasing managers index. These figures are expected to reflect US economic growth and inflation expectations, and investors may refer to relevant data to anticipate the short-term movement of the US dollar.
Today's suggestion:
EURUSD
1.1425/1.1445 resistance
1.1375/1.1355 support
The US average wage rose in December, and the euro fell. However, the Fed’s “doves” remarks caused the dollar to fall and the euro to rise against the dollar. This afternoon's Eurozone investor confidence index and retail sales data performance is worthy of attention. In addition, the Italian central bank will announce the balance sheet tomorrow. A number of important news above may put the current euro downside risk. Technically, the euro resistance of 1.1425 and 1.1445 against the dollar. 1.1355 is important to support.
GBPUSD
1.2755/1.2770 resistance
1.2675/1.2650 support
The risk of Brexit has not yet been lifted. The British Prime Minister intends to postpone the draft of Brexit and submit it to Congress to temporarily ease the risk of falling pounds. However, the risk of Brexit remains unresolved and attention must be paid to the resistance of 1.2770. If any problems created, the pound may fall back at any time. When investing in pounds or related crosses, we must pay attention to the risks!
USDCHF
0.9845/0.9830 support
0.9880/0.9895 resistance
The Fed chairman released the dovish remarks, and the dollar fell, indirectly causing the Swiss franc to rise. According to recent technical analysis, the US dollar against the Swiss franc may stop before the 0.9800 support level, and currently can pay attention to 0.9830 important support.
USDJPY
108.85/109.00 resistance
108.00/107.85 support
US job data has improved, making the dollar rise against the yen. But the Fed chairman released the dovish speech, limiting the dollar to the yen. The Sino-US trade negotiations began in the day. If progress is made and the stock market in the Asia-Pacific region rises, it is expected that the US dollar will continue to rise against the yen. The short-term USD/JPY is concerned about 109 resistance.
AUDUSD
0.7165/0.7190 resistance
0.7085/0.7070 support
Last week, the Federal Reserve Chairman released the dovish speech, the dollar fell, indirectly boosting the Australian dollar, and broke through multiple resistances in one breath, rising to above 0.71. But don't forget that there have been expectations in the Sino-US trade war negotiations, which has caused the Australian dollar to rebound at a low level. If today's meeting between China and the United States makes clear progress, the Australian dollar will have a chance to test 0.72 against the US dollar. Otherwise, we must pay attention to adjustments and be careful not to test below 0.71.
NZDUSD
0.6750/0.6785 resistance
0.6710/0.6680 support
On Friday night, the Fed chairman released the dovish remarks, and the dollar fell, indirectly boosting the New Zealand dollar. The New Zealand dollar followed the Australian dollar against the US dollar to break through multiple resistances and rose above the resistance of 0.67. If the Sino-US meeting today has made clear progress, the New Zealand dollar will have a chance to test 0.6785 against the US dollar, otherwise it will be adjusted to below 0.67.
USDCAD
1.3335/1.3305 support
1.3415/1.3445 resistance
Strong growth in US job data means that production and consumer demand is expected to increase. The Sino-US trade war has once again resumed, and it is expected to promote the normalization of international trade, increase the demand for crude oil, boost the crude oil prices, and bring benefits to the Canadian economy. On Wednesday, the Bank of Canada raised interest rates and the market expects a rate hike of 0.25%, which has caused the Canadian dollar to continue to rise in the near term. Note that Canada's interest rate hike is already reflected in the price. If there is no further breakthrough in oil prices, the Sino-US trade negotiations will continue in place, which may lead to the near-completion of the US dollar against the Canadian dollar, paying attention to reversing the risk.
EURGBP
0.8975/0.8990 resistance
0.8940/0.8925 support
The risk of Brexit is expected to cool, and the pound is rising against the dollar, which is greater than the euro against the dollar, causing the euro to fall against the pound. But keep in mind that this week, the euro zone announced a number of important economic data, if the euro zone economy is strong, the euro will be expected to rise against the pound. Technically, if the euro can maintain above the 0.8965 support level against the pound, it is estimated that the euro has a chance to rise against the pound.
EURCHF
1.1270/1.1295 resistance
1.1225/1.1205 support
The movement of the euro and the Swiss franc followed the performance of the US dollar, and the trend was similar. Without significant differences, the euro remained in a narrow range against the Swiss franc. However, this week, the euro zone announced a number of important economic data. If the euro zone economy is strong, the euro will be expected to widen against the Swiss franc and have the opportunity to bullish the euro against to the Swiss franc. However, please keep in mind that the data results bring trading risks.
XAUUSD
1292/1295 resistance
1283/1280 support
US job data much higher expectations in December, once led to the dollar and the US Dow rose, the price of gold fell nearly USD15. But the Fed chairman released the dovish speech and indirectly boosted gold. At present, we continue to pay attention to the comments of many Fed officials during this week. If we continue to make dovish speech, we will have the opportunity to drive up the price of gold. On the other hand, the market is concerned about the resumption of Sino-US trade negotiations. If progress is made, it will help the stock market to rise, which indirectly will bring the risk of falling gold. It is currently recommended to focus on 1280 as an important support.
US crude oil futures:
49.05/49.75 resistance
46.75/46.35 support
OPEC began to cut production this month, and the Sino-US trade war is easing. It is expected that the negotiations will have a chance to succeed, bring up demand for crude oil, and have the opportunity to brew a rebound in oil prices. The market is waiting to see if the current ministerial-level meeting between China and the United States will bring any news, and it is believed that it may affect the price of crude oil.
US Dow Jones Industrial Index Futures US30
23610/23725 resistance
23240/23130 support
Some departments of the US government continue to stop operating. In addition, US public companies are forecasting pessimistic outlook. Under the US corporate results announcement in the January period, psychologically may affect the investment climate. It is estimated that the US Dow still has downward. In the market, the current Sino-US trade war has eased, and at the same time, it is expected that initial progress will be made and investment sentiment will heat up, causing the US Dow to rebound. Technically, if the US Dow fails to test the resistance at 24025, the stock market has a chance to fall.
BTCUSD:
4110 / 4200 resistance
3750 / 3650 support
US dollar weaker since the market seems increasing the market risk. It could be positive for the crypto currencies. Early market opened today, the Bitcoin hit US4100. Under the market risk, the Bitcoin probably test US4100 or US4200 resistance. Keep watching the range of the momentum, and looking any breakthrough.
Enjoy trading!
The content is for reference only. Please do ensure that you understand the risk.
Information provided by ATFX, Chief Analyst of Asia Pacific: Martin Lam
Registered Australian Accountant/ Certified Professional Manager / Certified Financial
Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices.
Contact: cs.gm@atfx.com or wechat: ATFX_China
Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

 

[Kelly Yeung]

Personal opinions today:

The Sino-US trade ministerial meeting was officially restarted yesterday. The market expects that the two sides will reach a complete truce before the end of the Sino-US trade armistice. Ideally, it can abolish the current US tariff policy on China's trade and promote the dawn of global economic recovery. In addition, the market expects the two countries to strengthen economic cooperation and development, bring market prosperity, and even boost the investment climate. Since the two countries are currently only in the early stages of negotiations, there is no news to stimulate the market. The market is only guided by the possibility that the Fed may slowly raise interest rates. The US dollar weakens and the US dollar index fell below 96 levels. Created a non-US currency, gold and crude oil price rose.

This afternoon, Germany announced industrial output, Switzerland announced retail sales, the UK house price index and the euro zone economic sentiment index, industrial prosperity index and consumer confidence index. In the evening, the United States announced the trade account, and at the same time Canada announced the trade account. The market looks at relevant data and brings about relevant currency fluctuations. In addition, it is worth noting that the Bank of Italy announced its balance sheet. If the central bank fails to reduce the size of its debt assets, it may fall against the euro and European currencies, and may also be bullish for gold.

Today's suggestion:

EURUSD
1.1485/1.1505 resistance
1.1420/1.1400 support
The comments made by the Fed’s chairman have caused the dollar to continue to fall, causing the euro to rise against the dollar. In the afternoon or evening, the Bank of Italy announced its balance sheet. If the central bank fails to reduce the debt ratio, it may make the current euro fall. Currently concerned about the resistance of 1.1485 and 1.1505, pay attention to the high resistance of the euro to reverse the downside risk.

GBPUSD
1.2795/1.2820 resistance
1.2725/1.2700 support
The risk of Brexit has not yet been lifted, and the Brexit draft arrangement will be submitted to the Congress for discussion next Tuesday, although the risk of falling pounds will be temporarily eased. However, the Brexit draft may be vetoed by the National Assembly again. The UK will face a Brexit without agreement, causing confusion in the British government and the market, and the pound may be frustrated. As stated yesterday, if any problem rekindles the Brexit crisis, the pound may fall back at any time. When investing in pounds and related crosses, you must pay attention to risks!

USDCHF
0.9785/0.9770 support
0.9850/0.9865 resistance
The Fed chairman released a slow down of interest rate hike, causing the dollar to fall, indirectly to the Swiss franc. According to technical analysis, the US dollar against the Swiss franc at 0.9790 has repeatedly supported. If the US dollar against the Swiss franc is not broken, it may bring a rebound. It is currently recommended to wait and see the performance of Swiss retail sales data in the afternoon, and pay attention to the Italian central bank's balance sheet situation, and then deploy. It may believe that the short-term Swiss franc will continue to follow the pace of the euro.

USDJPY
108.85/109.00 resistance
108.00/107.85 support
The US stock market and the Asia-Pacific stock market performed well, driving the dollar to rise against the yen, and the dollar remained above 108.00 against the yen. If the Sino-US trade negotiations progress and bring results, it will further drive the global stock market to rise, and the USD/JPY will have an opportunity to extend its upward trend. In the short-term technical, the USD/JPY is concerned about 109 resistance and expects a breakthrough.

AUDUSD
0.7165/0.7190 resistance
0.7085/0.7070 support
The Fed chairman hinted at a slow rate hike, which caused the dollar to fall and indirectly boosted the Australian dollar. Coupled with the expectations of Sino-US trade negotiations, Lido Aussie. If the Sino-US meeting has made clear progress and brought results, and the Fed’s attitude continues to slow down, the Australian dollar will have a chance to test 0.72 against the US dollar. Otherwise, we must pay attention to adjustments and be careful to test below 0.71.

NZDUSD
0.6765/0.6785 resistance
0.6710/0.6680 support
The New Zealand dollar followed the Australian dollar against the US dollar and rose above the resistance of the 200-hour moving average of 0.6700. The market expects clear progress in the meeting between China and the United States and supports the rise of the New Zealand dollar against the US dollar. However, if the Chinese and the US fail to publish the results of the negotiations in the future, the New Zealand dollar is harder to break the resistance of 0.6785 against the US dollar, and may even adjust to 0.6700 or below.

USDCAD
1.3260/1.3240 support
1.3345/1.3365 resistance
Saudi plans to reduce crude oil exports and hopes to raise oil prices to $75 to $80 a barrel, increasing national income. The news led the rise in crude oil prices and indirectly pushed up the Canadian dollar. In addition, Canada may consider raising interest rates tomorrow night, bullish on Canadian dollars. But as the Canadian dollar rose, the news has already digested, and there is a need to worry about the risk of the Canadian dollar reversing. Technically, 1.3240 is 85.2% support for adjustment, which is worthy of attention the trend will reverse.

EUR/GBP
0.8990/0.9015 resistance
0.8950/0.8925 support
The euro fell against the pound, mainly benefiting from the pound against the dollar rose more than the euro against the dollar. This week, the euro zone announced a number of important economic data, if the euro zone economy is strong, the euro will be expected to rise against the pound. Technically, if the euro can maintain above the 0.8965 support level against the pound, it is estimated that the euro has a chance to rise against the pound.

EURCHF
1.1255/1.1275 resistance
1.1225/1.1205 support
The movement of the euro and the Swiss franc followed the performance of the US dollar, and the trend was similar. Without significant differences, the euro remained in a narrow range against the Swiss franc. Today, Switzerland announced retail sales. This week, the euro zone announced a number of important economic data. If the euro zone economy is strong, the euro will be expected to widen against the Swiss franc, and there will be an opportunity for the euro to rise against the Swiss franc. However, please keep in mind that the data results bring trading risks.

XAUUSD
1292/1295 resistance
1283/1280 support
The Fed chairman released a slow down of interest rate hikes, coupled with the risk of Brexit, the news continues to ferment, risk aversion, and indirectly support gold. At present, we continue to pay attention to the comments of Fed officials during this week. If we continue to make dovish speech, we will have the opportunity to drive up the price of gold. On the other hand, the market is concerned about the resumption of Sino-US trade negotiations. If the Sino-US have good progress, it will help the stock market to rise, which will indirectly lead to a fall in gold. It is currently recommended to refer to resistance from 1292 to 1295. If good news and cools risk aversion, then attention to gold 1280 is an important support.

US crude oil futures:
49.05/49.75 resistance
47.75/47.35 support
OPEC began to cut production this month. Yesterday, Saudi announced that it plans to reduce crude oil exports. In addition, the Sino-US trade war is easing. It is expected that the negotiations will be successful, increase demand for crude oil, and brew oil prices rebound. Technically, the crude oil price support level has moved up to the range of $47. If the crude oil price continues to remain above $47, it is expected to test the resistance at 49.75 again.

US Dow Jones Industrial Index Futures US30
23680/23835 resistance
23240/23130 support
The performance of US corporate is pessimistic. Coming the announcement of the results of US corporate performance in January, psychologically may affect the investment climate. It is estimated that the US Dow still has downward pressure. It is only in the market that the current Sino-US trade war has shown signs of easing. It is expected that the negotiations will make good progress and the investment sentiment will heat up, which will make the US Dow rise. However, technically, if the US Dow fails to test resistance 23835, the Dow has a downside risk.

BTCUSD:
4100 / 4200 resistance
3750 / 3650 support
The Fed chairman released a slow down of interest rate hikes, US dollar weaker with the market risk. It could be positive for the crypto currencies. The day before the Bitcoin hit US4100 and correction. Technically, the price maybe adjusts to recommend support.

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

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

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


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

 

[Kelly Yeung]

Personal opinions today:

The Sino-US trade consultation lasted for the second day. The US president said that the two sides' consultations are progressing well. The market reached an agreement on Sino-US trade consultations. It is hoped that the two countries will strengthen economic cooperation and development, reduce trade tariffs, etc., and boost the investment climate. The US Dow continued to rise in three trading days, and the Dow rose more than 200 points from the previous day and closed at 23,808. Markets, trade and economic improvements, coupled with Saudi Arabia’s crude oil export reduction plan, have continued to rise in crude oil, and US crude oil prices are approached $50. Under stocks rebounds and boost the investment climate, the price of gold fell back at a high level.

In the afternoon, Germany announced the quarterly trade account and current account in November, followed by Switzerland's December consumer price index (CPl), which deserves attention. In the evening, the euro zone announced the unemployment rate in November. If the unemployment rate falls, it will help the euro rise. The Canadian dollar has risen sharply in recent days, the market expected the Bank of Canada to raise interest rates tonight. If the final rate hike is 0.25% or there is no interest rate hike, it will be a negative for the Canadian dollar.

At 3 am tomorrow, the Federal Reserve announced the minutes of the monetary policy meeting, the relevant policy meeting minutes, and then Fed’s Chairman spoke. Showing the Fed’s internal monetary policy, the comments may affect the dollar’s movements, which may affect financial market volatility when it is announced and when the chairman speaking.

Today's suggestion:

EURUSD
1.1485/1.1505 resistance
1.1425/1.1400 support
Although the Italian central bank announced its balance sheet yesterday and failed to complete the debt reduction ratio, which once affected the euro's decline, the current market is concerned that the Fed's monetary policy may slow down the rate hike. The US president criticized the Fed's monetary policy and may support the euro in the short term. However, the resistance of 1.1485 and 1.1505 is very important. Pay attention to the high resistance of the euro to reverse the downside risk.

GBPUSD
1.2765/1.2790 resistance
1.2705/1.2690 support
On March 29, the UK faces a hard Brexit. The market is ready. It is believed that the Brexit draft will be submitted to the Congress for discussion next Tuesday. The market estimates that the support rate of the MPs is only 18%. It will believe that the risk of falling against the pound cannot be resolved. The UK will face a Brexit without agreement, causing chaos in the UK government and the market. If any of the Brexit crisis is revived, the pound may fall back at any time. When investing in pounds and related crosses, pay attention to risks!

USDCHF
0.9785/0.9770 support
0.9850/0.9865 resistance
The Fed chairman hinted at a slow rate hiken, causing the dollar to fall, indirectly to the Swiss franc. Technical analysis and observations, the US dollar against the Swiss franc at 0.9790, has repeatedly supported, if the dollar against the Swiss franc double bottom, bring a rebound. Coupled with the short-term Swiss franc trend, continue to follow the pace of the euro, the euro fell, indirectly affecting the fall of the Swiss franc.

USD/JPY
109.05/109.30 resistance
108.60/108.35 support
The US stock market and the Asia-Pacific stock market performed well, driving the dollar against the yen to rise, the dollar against the yen to maintain above 108.00, and once challenged 109. If the Sino-US trade consultation progresses further and brings results, it will probably boost the global stock market again, and the USD/JPY will have an opportunity to extend its upward trend. In the short-term technical, USD/JPY is concerned about 109 resistance, expecting a breakthrough and looking forward to resistance at 109.30.

AUDUSD
0.7165/0.7190 resistance
0.7085/0.7070 support
The Fed chairman hinted at a slow rate hike, which caused the dollar to fall and indirectly boosted the Australian dollar. In addition, the initial progress in the Sino-US trade consultation was good, and the Lido dollar. If China and the United States make clear progress, bring economic cooperation results, and the Fed's attitude continues to slow down, the Australian dollar will have a chance to test 0.72 against the US dollar. Otherwise, we must pay attention to adjustments and be careful to test below 0.71.

NZDUSD
0.6765/0.6785 resistance
0.6715/0.6700 support
The New Zealand dollar followed the rise of the Australian dollar against the US dollar, and continued to improve after rising above the resistance of the 200-hour moving average of 0.6700. The market expects that China-US consultations are expected to achieve better progress and support the rise of the New Zealand dollar against the US dollar. However, if in the future, China and the United States fail to publish their results and boost the investment climate, they believe that the New Zealand dollar has a chance to break through the resistance of 0.6785. Short-term technical attention to 0.6700 important support.

USD/CAD
1.3240/1.3220 support
1.3345/1.3365 resistance
Saudi Arabia plans to reduce crude oil exports, and the news has driven crude oil prices to rise, indirectly pushing up the Canadian dollar. The market expects that the Bank of Canada may consider raising interest rates tonight and is currently bullish for the Canadian dollar. But as the Canadian dollar rises, the news begins to digest and needs to be concerned about the risk of the Canadian dollar reversing. Technically, 1.3240 is 85.2% support for adjustment, which is worthy of attention. If oil prices continue to rise, or the US dollar against the Canadian dollar will have the opportunity to test the 1.31 level.

EUR/GBP
0.9030/0.9055 resistance
0.8980/0.8965 support
This week, the euro zone announced a number of important economic data, the euro zone's economic performance is better than the UK, coupled with the risk of Brexit, the euro is expected to rise against the pound. Technically, if the euro can maintain above the 0.8965 support level against the pound, it is estimated that the euro has a chance to rise against the pound.

EURCHF
1.1255/1.1275 resistance
1.1225/1.1210 support
The movement of the euro and the Swiss franc followed the performance of the US dollar, and the trend was similar. Without significant differences, the euro remained in a narrow range against the Swiss franc. This week, the euro zone announced a number of important economic data, it is estimated that the euro zone economy performance is good, the euro against the Swiss franc will be expected to broaden, there is a chance to bring the euro against the Swiss franc. However, please keep in mind that the data results bring trading risks.

XAUUSD
1290/1293 resistance
1283/1280 support
The Fed chairman likely to suspend interest rate hikes, coupled with the risk of Brexit, the news continues to ferment, risk aversion, and indirectly support gold. At present, we continue to pay attention to the comments of many Fed officials during this week. If they make dovish speech, it will have the opportunity to drive up the price of gold. On the other hand, the market is more concerned about the outcome of Sino-US trade consultations. The US president said that the two sides have made progress in the consultations, and the comments boosted the stock market, which indirectly brought down the gold. It is currently recommended to refer to resistance from 1290 to 1293. If good news cools risk aversion, then attention to gold 1280 is an important support. At present, it is not possible to estimate that gold can be further tested at a lower level. It is recommended to preset 1280 as the first target.

US crude oil futures:
51.05/51.55 resistance
49.70/49.45 support
OPEC began to cut production this month. Saudi Arabian Arabs said it plans to reduce crude oil exports. In addition, the Sino-US trade war is easing. The fed likely to suspend interest rate hike. The market expected a good negotiated between China and the United States, increasing demand for crude oil and spurring crude oil prices to rebound. Technically, the crude oil price will break through the resistance of 49.75, and the upper target will be the resistance of 51.05 and 51.55.

US Dow Jones Industrial Index Futures US
3023835/24235 resistance
23560/23430 support
The Fed is likely to suspend interest rate hikes, which is good for the stock market investment climate. In addition, the current wait-and-see attitude between China and the United States has eased, the two sides negotiated progress, and improved the investment sentiment, causing the US Dow to rise. But technically, the US Dow tried to resistance at 23385. If the Dow breaks the resistance, it will look at 24235.

BTCUSD:
4100 / 4200 resistance
3750 / 3650 support
The Fed chairman released a slow down of interest rate hikes, US dollar weaker with the market risk. It could be positive for the crypto currencies. The day before the Bitcoin hit US4100 and correction. Technically, the price maybe adjusts to recommend support.

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


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

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


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

 

[Kelly Yeung]

Personal opinions today:
The Sino-US trade meeting ended. The Chinese side announced the contents of the consultation and the time for the next meeting today anytime. Now, China and the United States showed that the meeting is progressing well and agreed to increase economic cooperation. The US Dow continued to improve yesterday, and crude oil prices continued to rise. Sino-US trade relations have further improved and have boosted the US dollar. However, in the minutes of the Fed meeting, three of the voting members also said that the US dollar interest rate may slow down or stop raising interest rates, also they mention if the economy slows down, interest rates will have room for interest rate cuts. Let the market is worried about the US economic outlook, the dollar fell.
Today, we are concerned about the number of initial jobless claims in the United States. The market expects the number to drop to 220,000 from last week. The market is watching the results. If the number of initial jobless claims falls, it may help to raise the US economic outlook and reduce the possibility of the Fed’s interest rate cuts, which will help the US dollar. Coupled with the market to watch the US consumer price index CPl tomorrow, it is expected that the current dollar decline will ease.
Today's suggestion:
EURUSD
1.1565/1.1585 resistance
1.1515/1.1495 support
The Fed’s monetary policy meeting record, Fed officials said it may slow down or stop raising interest rates, boosting the euro. Yesterday, the euro broke the resistance of 1.1485 and 1.1505 respectively against the US dollar, and once tested the resistance at 1.1560. Although the minutes of the Fed meeting on interest rates may indicate that the pace of interest rate hikes may be suspended, they also note that they are concerned about inflation and economic development. It means that the US CPl and the GDP data at the end of the month announced tomorrow will have more important implications. In the short term, we can pay attention to whether the number of initial jobless claims has improved, and it is expected to drive the development of the above data.
GBPUSD
1.2810/1.2835 resistance
1.2735/1.2710 support
In the face of the Fed meeting minutes, the dollar fell, boosting the pound. On the other hand, the Brexit draft will be submitted to the Congress for discussion next Tuesday. The market estimates that the support rate of the MPs is only 18%. I believe that the risk of falling pounds cannot be resolved. On March 29, the UK will face no agreement. In Europe, the pound may fall back at any high level. When investing in pounds and related crosses, you must pay attention to risks!
USDCHF
0.9725/0.9700 support
0.9780/0.9805 resistance
The minutes of the Fed Chairman and the minutes of the Fed meeting yesterday showed that the United States will slowly raise interest rates, causing the dollar to fall further and indirectly benefiting the Swiss franc. The dollar against the Swiss franc eventually fell below the 0.9790 most supportive position. At present, the trend of the Swiss franc is similar to that of the euro. If the euro falls in the market, it will indirectly affect the decline of the Swiss franc. The US dollar against the Swiss franc short-term attention to 0.9700 important support.
USD/JPY
108.35/108.50 resistance
107.80/107.65 support
The minutes of the Fed meeting show that the US will likely suspend or stop raising interest rates, the dollar will fall, and the dollar will fall against the yen. The Japanese Nikkei index fell this morning, indirectly affecting the dollar against the yen. Technically, look at 107.65 important support for the time being. If the Nikkei rebounds, the short-term target looks at resistance at 108.35 or 108.50.
AUDUSD
0.7175/0.7190 resistance
0.7125/0.7100 support
The minutes of the Fed meeting show that interest rates will slowly raise interest rates or stop, causing the dollar to fall, indirectly boosting the Australian dollar. In addition, the Sino-US trade consultation has made good progress and has been bullish for the Australian dollar. The Australian dollar had a chance to test 0.72 against the US dollar. However, the Sino-US meeting has still not lifted trade tariffs and other discussion topics. The Australian dollar has temporarily adjusted and has the opportunity to test 0.71.
NZDUSD
0.6765/0.6785 resistance
0.6720/0.6700 support
The New Zealand dollar followed the rise of the Australian dollar against the US dollar, and continued to improve after rising above the resistance of the 200-hour moving average of 0.6700. The market expects that China-US consultations are expected to achieve clear progress and support the rise of the New Zealand dollar against the US dollar. However, the Sino-US meeting have still not lifted trade tariffs and other discussion topics. The New Zealand dollar has temporarily adjusted, and it is believed that the New Zealand dollar will fall below the resistance of 0.6785 against the US dollar. Short-term technical focus on 0.6720 and 0.6700 important support areas.
USD/CAD
1.3200/1.3180 support
1.3285/1.3305 resistance
Saudi Arabia plans to reduce crude oil exports, and the news has driven crude oil prices to rise, indirectly pushing up the Canadian dollar. But the Bank of Canada did not raise interest rates last night, and the Canadian dollar reversed the risk. Technically, if the US dollar against the Canadian dollar breaks through the resistance of 1.3240, the US dollar will have a chance to test the 1.33 level against the Canadian dollar.
EUR/GBP
0.9055/0.9080 resistance
0.9000/0.8980 support
The euro zone has released a number of important economic data, and the economic performance and conditions of the euro zone are better than the UK, and the risk of Brexit is rising. It is expected that the euro will rise against the pound. Yesterday's analysis expects that the technically EUR/GBP can maintain above the 0.8965 support level, and it is estimated that the euro has a chance to rise against the pound. The euro has further broken above 0.90 against the pound, and it is estimated that it may test 0.9055 or 0.9080. However, it must be noted whether the euro will fall against the dollar and affect the euro against the pound.
EURCHF
1.1265/1.1285 resistance
1.1225/1.1210 support
The momentum of the euro and the Swiss franc followed the performance of the US dollar, and the trend was similar, keeping the euro against the Swiss franc in a narrow range. This week, the euro zone announced a number of important economic data, it is estimated that the euro zone economy performance is good, the euro against the Swiss franc will be expected to broaden, there is a chance to bring the euro against the Swiss franc. However, please keep in mind that the results of the data will cause the euro to fluctuate against the Swiss franc, paying attention to trading risks.
XAUUSD
1295/1297 resistance
1283/1280 support
The minutes of the Fed meeting show that the Fed is considering the slow of interest rate increase, coupled with the risk of Brexit, the partial suspension of the US government and other factors, the risk aversion sentiment, indirectly boosting gold. Continued dovish remarks, the United States does not have good data to support the dollar rebound, there will be an opportunity to drive up the price of gold. Close attention to the number of US initial jobless claims tonight and the US CPl tomorrow. In addition, it is more important to pay attention to when China and the United States will issue a formal conclusion and the next meeting schedule. It is estimated that the positive evaluation and development of Sino-US trade may cool down the price of gold.
US crude oil futures:
52.45/53.00 resistance
50.70/50.45 support
OPEC began to cut production this month. Saudi Arabian Arabs said it plans to reduce crude oil exports. In addition, the Sino-US trade war is easing. The market has successfully negotiated between China and the United States, and increased demand for crude oil has already reflected the rebound in crude oil prices. The minutes of the Fed meeting last night made the crude oil price further break through the resistance of 51.55. However, technically, the crude oil price of $53 may have resistance, and the trend will be reversed in the short term.
US Dow Jones Industrial Index Futures US30
23835/24135 resistance
23560/23430 support
The Fed is likely to suspend interest rate hikes, which is good for the stock market investment climate. However, the market waits for the content of Sino-US trade consultations and the time of the next meeting, and the stock market is adjusted. If the content of the consultations between China and the United States is positive today, it may boost the stock market. Technically, it is possible to test the resistance.
BTCUSD:
4100 / 4200 resistance
3850 / 3750 support
The FOMC released a slow down or stop rate hikes signal, US dollar weaker. It could be positive for the crypto currencies. Technically, the price maybe testing US4100 resistance again.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today:

US Federal Reserve Chairman Powell made a speech at the public event, he said that the Fed will slow down the pace of interest rate hikes, but it is sure to continue to reduce the Fed’s balance sheet’s debt this year, which is another way to support on the US dollar. His speech helps the dollar last night. On the other hand, the European Central Bank meeting said that the central bank intends to push the rate hike time until the end of the year not in summer, the news caused the euro to fall. In addition, the British Parliament voted on the draft of the Brexit agreement next Tuesda. The Labor Party members said that they will continue to veto the draft, the UK will face the risk of hard Brexit, it could be made the pound weakened. Fortunately, the British government has arrangement for an Brexit, and the pound has not seen a deep decline. However, due to negative factors, the market generally believes that the pound may continue to fall.

The Sino-US trade meeting ended. The current results are not higher than market expectations. The market waiting the next meeting schedul. Before this case, the market focus will shift to the US CPI and the real income update. If for reference, the US job market growth in December last year which is strong and the average wage rises. if guess the US CPl and real income are expected to beat expectations tonight. But the actual results will be left to be announced.

In the afternoon, the UK announced the industrial production, commodity trade accounts and the GDP that the market values. These data will affect the relevant currency, while the performance of CPl and real income data in the US at night. Assuming that the result will affect the performance of the global financial market and the US dollar.

Today's suggestion:
EURUSD
1.1530/1.1545 resistance
1.1470/1.1455 support
Tonight's US CPl and real income data released, the market may refer to the job market and the rise in average wages, it could be making the dollar strong. In addition, the European Central Bank said that the euro zone rate hike time delay, and consider continuing the long-term financing plan (LTRO), the news or affect the euro fell. Of course, the performance of US economic data at night is thestrong important to change the euro performance.

GBPUSD
1.2770/1.2795 resistance
1.2735/1.2710 support
The Brexit draft will be submitted to the Congress for discussion next Tuesday. The market estimates that the support rate of members of Congress is only 18%. The British labour party members have already expressed their vote against it. It may believe that the pound will face the downside risk. When investing in pounds and related crosses, you must pay attention to risks!

USDCHF
0.9815/0.9790 support
0.9870/0.9895 resistance
The Fed chairman explained the Fed’s monetary policy orientation, the dollar was supported, and the Swiss franc was indirectly negative. The US dollar against the Swiss franc broke through the most resistance level of 0.9790. According to the current Swiss franc trend is similar to the pace of the euro, if the euro continues to fall, it will indirectly affect the Swiss franc. USD/CHF has the opportunity to test resistance at 0.9870 or 0.9895 and even break the resistance.

USD/JPY
108.50/108.75 resistance
107.80/107.65 support
After the Fed chairman explained the Fed’s monetary policy, the dollar was supported and the dollar rose against the yen. In addition, the US Dow rose and the Nikkei index rebounded, indirectly affecting the rise of the US dollar against the yen. This practice has not changed, so investment must be carefully watched. Technically, looking at 107.65 for the time being is still an important support. If the Nikkei rebounds, it is expected to break the resistance of 108.50.

AUDUSD
0.7205/0.7225 resistance
0.7165/0.7145 support
The Sino-US trade meeting has made good progress and the China renminbi has appreciated. These are equally bullish for the Australian dollar. Earlier this analysis pointed out that the Sino-US trade consultation helped the Australian dollar to test 0.72 against the US dollar. However, the Sino-US trade war has still not been fully resolved. The Australian dollar is still likely to be adjusted for the time being and has the opportunity to test 0.7145. It is recommended to pay attention to the Sino-US trade negotiations when investing, and refer to the RMB exchange rate and copper price trend, which will help analyze the trend of the Australian dollar against the US dollar.

NZDUSD
0.6765/0.6785 resistance
0.6720/0.6700 support
The New Zealand dollar followed the rise of the Australian dollar against the US dollar, and continued to improve after rising above the resistance of the 200-hour moving average of 0.6700. The market expects that China-US meeting are expected to make progress, and the China RMB exchange rate rose, which also supports the rise of the New Zealand dollar against the US dollar. However, the Sino-US trade war has not yet been completely lifted, and the New Zealand dollar has a chance to adjust. It is recommended to refer to the Australian dollar and the RMB exchange rate.

USD/CAD
1.3200/1.3180 support
1.3255/1.3275 resistance
Crude oil prices continue to rise, indirectly supporting the Canadian dollar. Therefore, we must keep an eye on the development of crude oil prices. Technically, if the US dollar against the Canadian dollar breaks the resistance of 1.3255, the US dollar will have a chance to test the 1.33 level against the Canadian dollar.

EUR/GBP
0.9055/0.9080 resistance
0.9000/0.8980 support
The euro zone's economic performance is better than that of the UK, and the risk of Brexit is rising. It is expected that the euro will rise against the pound. Technically, the euro remained above the 0.9000 and 0.8965 support levels during the day, and it is estimated that the euro has a chance to rise against the pound. It is estimated that the 0.9055 or 0.9080 resistance will be broken. However, it must be noted that the euro will fall sharply against the dollar and affect the euro against the pound.

EURCHF
1.1345/1.1365 resistance
1.1305/1.1290 support
This week, the euro zone announced a number of important economic data, the euro zone economy performance is good, the euro against the Swiss franc will be expected to broaden. Yesterday, the euro continued to rise against the Swiss franc after breaking through the resistance. At present, it is possible to wait for the last high of 1.1345, pay attention to trading risks and be careful to reverse the trend.

XAUUSD
1295/1297 resistance
1283/1280 support
The chairman of the Federal Reserve Board said that the Fed is considering a slow rate hike, coupled with the risk of Brexit, the partial suspension of the US government and other factors, the risk aversion continued, indirectly boosting gold. In the short term, if the US CPl and real income performance are better than expected tonight, the risk aversion will slightly cool down, which may affect the decline in gold prices. Technically, 1280 and 1278 are important support, and the important resistance above is 1297.

US crude oil futures:
52.75/53.00 resistance
51.70/51.45 support
The Sino-US trade war is improving, and the market has successfully negotiated between China and the United States to increase demand for crude oil. The minutes of the Fed meeting and the comments of the Fed chairman supported crude oil prices. Technically, however, it must be noted that crude oil prices at $53 may have significant resistance, as US President Trump often makes negative comments when crude oil prices rise, causing crude oil prices to fall.

US Dow Jones Industrial Index Futures US30
24135/24305 resistance
23660/23550 support
The Fed is likely to suspend interest rate hikes. The Fed chairman said that the Fed is not hurried to consider raising interest rates, which is good for the investment climate. Technically, the US Dow closed higher than the resistance of 23835. If the investment atmosphere continues to support, it is expected to test resistance at 24135. It must be noted that the US corporate performance report will be launched next week. The market may against the performance and adjust the position. The US Dow has a risk reduction.

BTCUSD:
3550 / 3420 support
3950 / 4050 resistance
The US Dow closed higher than the resistance of 23835, investment climate good and the US dollar rebounds. The crypto currencies have adjustment. Technically, the price maybe testing US3550 or 3420 support. Please keep watching the US dow and the dollar performance.

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

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

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


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

 

[Kelly Yeung]

Personal opinions today:

The British Parliament plans to vote on the draft Brexit agreement tomorrow, but the draft is expected to be finally rejected. The British Prime Minister indicated that if the draft is rejected, it will be delayed until the March to vote again, and seek EU acceptance of the proposal to delay the Brexit process. At present, the EU government has indicated that it can accept the proposal, so the UK has the opportunity to suspend the risk of hard Brexit, and the British pound rebound. On the other hand, the political risk in the UK has risen. The Prime Minister may face impeachment in the British Parliament, and the British pound has a chance to fall.

In the afternoon, refer to the Chinese money supply and industrial production in the Eurozone, and pay attention to the Canadian National Economic Confidence Index at night. The market also waited for 5 pm, the German Ministry of Economic Affairs announced a new economic report, if the report shows a pessimistic outlook, the euro against the dollar may go lower, and indirectly affect the Swiss franc fall.

Today's suggestion:

EURUSD
1.1495/1.1515 resistance
1.1445/1.1420 support
Last week, the European Central Bank said that the euro zone rate hike will be delayed until the end of the year, and consider continuing the second round of long-term financing plan (LTRO), affecting the euro's decline. Today, Germany publishes an economic report that may affect the mood of the euro investment. Because this week the euro zone will announce important economic indicators, including inflation data. Economic report outlook and data performance may affect the ECB's monetary policy and affect the performance of the euro.

GBPUSD
1.2865/1.2895 resistance
1.2775/1.2750 support
The Brexit draft will be scheduled to be submitted to the parliament for discussion and voting tomorrow, but the news shows that if the draft is rejected, the British government will postpone the vote until the end of March. The market is currently keeping the final vote of the British Parliament tomorrow. It may believe that the pound has rebounded recently. If there is no good news to support further, the pound will face a risk of falling. Please pay attention to risks when trading related currencies!

USDCHF
0.9815/0.9790 support
0.9860/0.9885 resistance
Earlier, the Fed chairman explained the Fed’s monetary policy orientation, the dollar was supported, and the Swiss franc was indirectly negative. The US dollar against the Swiss franc broke through the most resistance level of 0.9790. It is expected that the current Swiss franc trend is similar to that of the Euro. If the Euro continues to fall, it will indirectly affect the Swiss franc. The US dollar has a chance to test the resistance range against the Swiss franc.

USD/JPY
108.50/108.75 resistance
108.05/107.80 support
After the Fed chairman explained the Fed’s monetary policy, the dollar was supported and the dollar rose against the yen. In addition, the US Dow and the Japanese Nikkei index generally rose, indirectly supporting the dollar against the yen. However, the risks of Brexit, the suspension of some US governments, and the announcement of the results of US companies must be carefully watched for market volatility, which will cause the USD/JPY to fluctuate. Technically, it is temporarily expected that the USDJPY will maintain an important support at 107.65. If the Nikkei index rebounds sharply, it is expected to break the resistance of 108.50.

AUDUSD
0.7225/0.7245 resistance
0.7185/0.7165 support
The Sino-US trade meeting has progressed well, raising the China renminbi and benefiting the Australian dollar. The next Sino-US trade meeting time will be at the end of this month. It may believe that the trade war will temporarily cease, and the Australian dollar is expected to remain above 0.7145. However, investment is risky. It is recommended to pay more attention to Sino-US trade negotiations when investing, and refer to the China RMB performance and copper price trend, which will help analyze the trend of the Australian dollar against the US dollar.

NZDUSD
0.6865/0.6885 resistance
0.6810/0.6790 support
The New Zealand dollar followed the Australian dollar's rose, maintaining above the 0.6700 support level and extending to the 0.68 level. The market looks forward to making further progress in the next Sino-US trade meeting and support the NZD to continue to rise against the US dollar. However, during this period, it is noted that the New Zealand dollar has the opportunity to adjust. In the trend, it is recommended to refer to the Australian dollar and the China RMB’s trend.

USD/CAD
1.3230/1.3210 support
1.3285/1.3305 resistance
The Crude oil price adjustments, Canadian dollar fluctuations also follow the changes in crude oil prices. It is recommended that Canada does not have important economic data and monetary policy comments, and must pay attention to the development of crude oil prices. Technically, the US dollar against the Canadian dollar broke the 1.3255 resistance. According to last week's proposal, it is expected that the US dollar against the Canadian dollar will have the opportunity to test the 1.33 level.

EUR/GBP
0.8955/0.8980 resistance
0.8910/0.8890 support
The British Parliament will vote on the draft of the Brexit tomorrow, but the government may postpone the draft of the Brexit vote after the draft is rejected. It is currently expected to vote on the draft of Brexit tomorrow, the risk of falling pounds will rise, and the euro will have a chance to rise against the pound, testing 0.8955 or 0.8980.

EURCHF
1.1305/1.1325 resistance
1.1260/1.1240 support
The euro may be affected by the fall of the UK and the euro will be widened against the Swiss franc. Last week, the euro was adjusted against the Swiss fran. Now the high of 1.1345, and 1.1260 support as very important.

XAUUSD
1293/1296 resistance
1286/1283 support
The Federal Reserve and the European Central Bank said that there is no interest rate hike for the time being. Before the risk of Brexit is unclear, the safe-haven demand continues to support gold, but the above situation may change under the rising global investment sentiment. At present, we are paying attention to the announcement period of US corporate performance. If the company's performance generally wins the market expectation, the stock market will rise, and the price of gold may fall, which is worthy of attention!

US crude oil futures:
52.15/52.60 resistance
51.10/50.65 support
The Sino-US trade war is easing, and the market has successfully negotiated between China and the United States to increase demand for crude oil. However, the factors of reflected, the crude oil prices began to adjust under the expectation 53 US dollars, so that the current crude oil prices may be further lower. The crude oil futures prices may be adjusted to 50 US dollars, the first target may be 50.20 US dollars for reference.

US Dow Jones Industrial Index Futures US30
2395/24135 resistance
23660/23540 support
The Fed is likely to suspend interest rate hikes. The Fed chairman said that the Fed is not consider to raising interest rates, which is good for the investment climate. At the beginning of this week, we must pay attention to the announcement period of US corporate results. The announcement before, the stock market may be adjusted first.

BTCUSD:
3450 / 3360 support
3950 / 4050 resistance
The Fed is likely to suspend interest rate hikes. The Fed chairman said that the Fed is not consider to raising interest rates, which is good for the investment climate. However, which is negative for crypto market. Technically, the price maybe testing 3450 support. Now keep watching the US dow and the dollar performance, how to affected the demand of crypto currencies.

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

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

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

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

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

 

[Kelly Yeung]

Personal opinions today:
The British Parliament will vote on the draft of the Brexit agreement, plus the slowdown of China's economic data. The US Dow has fallen over 200 points, the dollar fell against the yen, and gold rose last night.
The market focus, the British Parliament voted in the afternoon, however the exact time is not fixed. If the agreement is not passed, the UK will face a Brexit without agreement after March 29, the UK is in crisis, and the outflow of funds from the UK may be increased. It is estimated that the pound will be fall. If these problems arise, they will be affected the global financial and stock market, and the foreign exchange market and the gold market will also be affected. In addition, at the evening, European Central Bank President Mario Draghi made a speech in the European Parliament, and the current estimate is biased towards the bearish in euro. However, we must pay attention to the Brexit decision, market volatility. Investors should pay more attention to market conditions, understand risks and control positions.

Today's suggestion:
EURUSD
1.1495/1.1515 resistance
1.1445/1.1420 support
Last week, the European Central Bank said that the euro zone rate hike will be delayed until the end of the year, and consider continuing the second round of long-term financing plan (LTRO), affecting the euro's decline. Tonight, the ECB president said that the content is related to the above content, which is bad for the euro. In response to the Brexit vote in the afternoon, changes in market risk may affect the volatility of the euro against the US dollar.

GBPUSD
1.2965/1.2995 resistance
1.2675/1.2640 support
The British voted off the European Union this afternoon, but the news said that if the draft is rejected, the British government will postpone the vote until the end of March. The market is currently waiting to see the final vote of the British Parliament and the next steps. It may be believe the pound has rebounded recently. If there is no good news to support the current position, the pound will face the risk of falling. When investing in pounds and related crosses, you must pay attention to risks! It is currently recommended to pay attention to the large fluctuations of the pound, paying attention to the resistance of 1.30 to 1.26 level.

USDCHF
0.9735/0.9700 support
0.9870/0.9895 resistance
Former Federal Reserve Chairman Yellen said that the Fed's monetary policy will be close to the cycle rate hike target, may stop raising interest rates, the dollar slows down, and indirectly the Swiss franc. Earlier, the US dollar against the Swiss franc broke through the most resistance level of 0.9790. It once saw a high of 0.9850, which can be used as a reference. Preventing the risk of Brexit in the afternoon, indirectly affecting the Swiss franc, pay attention to trading risks and control positions when investing.

USD/JPY
108.50/108.95 resistance
107.80/107.40 support
Former Federal Reserve Chairman Yellen said that after the Fed’s monetary policy, the US dollar slowed, but the Nikkei index rose, driving the dollar to rise against the yen. In the afternoon, we must pay close attention to the risk of Brexit and investment. It is expected that the Brexit vote will also bring fluctuations in the USD/JPY. It is not possible to estimate the correct volatility for the time being, but you can refer to the stock market performance, especially the performance of the Japan Nikkei.

AUDUSD
0.7235/0.7265 resistance
0.7175/0.7155 support
Sino-US trade consultations are progressing well, and the Fed may slow down the rate hike this year, both of which are more profitable. Technically, the Australian dollar is expected to remain above 0.7145, testing the resistance range of 0.7235 and 0.7265. However, investment is risky. When investing, it is recommended to pay more attention to the news of Sino-US trade negotiations and the fluctuations caused by the UK Brexit vote in the afternoon.

NZDUSD
0.6865/0.6885 resistance
0.6770/0.6750 support
The New Zealand dollar has followed the rise of the Australian dollar against the US dollar. The market is looking forward to more progress in Sino-US trade negotiations at the end of the month, which can support the continued rise of the New Zealand dollar against the US dollar. However, during this period, it is noted that the New Zealand dollar has the opportunity to adjust and the fluctuations caused by the Brexit vote in the afternoon.

USD/CAD
1.3230/1.3210 support
1.3285/1.3305 resistance
Crude oil prices adjusted, and the Canadian dollar fell following the change in crude oil prices. It is recommended that Canada does not have important economic data and monetary policy comments, and must pay attention to the development of crude oil prices. In addition, the fluctuations that may occur in the UK's Brexit vote in the afternoon, it is recommended to pay attention to risks when investing. Technically, the US dollar against the Canadian dollar broke the 1.3255 resistance. According to last week's proposal, it is expected that the US dollar against the Canadian dollar will have the opportunity to test the 1.33 level.

EUR/GBP
0.8950/0.9020 resistance
0.8810/0.8740 support
In the afternoon, the British Parliament voted on the draft of the Brexit. If the government vetoed it, it might cause a fall in the pound. Conversely, if there is an alternative message, it can ease the pound's decline and rebound, making the euro rise against the pound. It is currently expected to vote on the Brexit vote, the risk of falling pounds will rise, and the euro will have a chance to rise against the pound, but it is necessary to pay attention to the voting results and circumstances, and it is recommended to pay more attention to trading risks.

EURCHF
1.1305/1.1345 resistance
1.1240/1.1200 support
The euro may be affected by the fall of the UK and the euro will be widened against the Swiss franc. In the afternoon, the British voted off the EU, the market risk increased. It is currently recommended to continue to wait and see if the test can be up to the high of 1.1345 resistance, and pay attention to the 1.1200 support.

XAUUSD
1296/1306 resistance
1286/1276 support
The Federal Reserve Board and the European Central Bank said that there is no possibility of a rate hike in the short term. The risk of Brexit rises, and safe-haven funds continue to flow into gold, supporting the price of gold. At present, the short-term market is most worried that the Brexit vote will fail again, increase market risk and push up the price of gold. If you get support or arrange for a Brexit, it will probably cause the price of gold to fall. It is recommended that you pay attention to the risk and price fluctuations.

US crude oil futures:
52.15/53.00 resistance
50.40/49.40 support
The Sino-US trade war is easing, and the market has successfully negotiated between China and the United States, increasing the demand for crude oil, and the news has gradually digested. In the afternoon, the British voted off the EU, decided to produce crude oil price fluctuations, especially by Brent crude oil price fluctuations, indirectly affecting US crude oil prices. According to preliminary estimates, the price of crude oil futures may be adjusted to stop at 50 US dollars, and if it falls, it may fall further.

US Dow Jones Industrial Index Futures US30
24135/24350 resistance
23760/23640 support
The Fed is likely to suspend interest rate hikes. The Fed chairman said that the Fed will consider to hold interest rates, which is good for the investment climate. Yesterday, the US company's performance announcement period began. The market may wait and see the performance of the company and bring stock market volatility. The volatility may have been 200-400 points. The investment must pay attention to the risk tolerance.

BTCUSD:
3450 / 3360 support
3950 / 4050 resistance
The Fed is likely to suspend interest rate hikes. The Fed chairman said that the Fed will consider to hold interest rates, which is good for the investment climate. It seems the market fund transfer to stock markets, negative for crypto market. Technically, the price maybe testing 3450 support. Now keep watching the US do and global stock market performance, how to affected the demand of crypto currencies.

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.