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ATFX Market Updates 2019

Discussion in 'Company Articles' started by Kelly Yeung, Jan 1, 2019.

  1. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
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    Messages:
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    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 3


    Personal opinions today:

    China and the United States begin to impose tariffs on each other, affecting China and the global economy. Australia, which relies on resource commodities to export to China, also has a lot of influence. The Reserve Bank of Australia (RBA) announced its decision at noon and was widely expected to hold rates at a historic low of 1%. Investors did not consider the RBA cut-rate, but it is worth watching the monetary policy forecast, affecting the Australian dollar.

    Eurozone producer prices index for July are released today, and the U.S. has big data and critical report coming. The US Markit manufacturing purchasing managers index and the official US ISM manufacturing purchasing managers index for August, announced today. If the official U.S. ISM manufacturing PMI just below market expectations of 51. It would believe that the market will be acceptable, which will have little impact on the dollar. If it falls below the 50, the effect is enormous. The impact on the U.S. Dow futures market and the US dollar. The more significant impact has been volatility in global equity and bond markets, which has spread to emerging markets and currencies. So it's worth noting. The data could reflect the federal reserve's "beige book" regional economic report on Thursday and the U.S. jobs report for August on Thursday and Friday. Have to watch out for today.

    [Important financial data and events]

    12:30 The RBA interest rates decision
    14:30 Swiss monthly CPI for August
    17:00 Eurozone monthly PPI rate for July
    21:45 US Markit manufacturing PMI final for August
    22:00 US Construction expenditure in July
    22:00 U.S. ISM manufacturing PMI for August
    The next day at 05:00 federal reserve spoke


    Today suggestion:

    EURUSD
    1.0975/1.1005 resistance
    1.0925/1.0895 support
    The nominated to be the next President of the European central bank, and she said the ECB still has room to cut interest rates, which is the reason bearish for the Euro. The Euro lacks the momentum to bounce back the resistance, believe that there is still a chance to continue to fall, low test support. Yesterday, all France, Germany and the Eurozone manufacturing PMI final showed no significant improvement. Germany and the Eurozone manufacturing PMI readings remained below 50 in August, indicating a continued recession. For European markets today, the market focus on Eurozone PPI report, which is unlikely to boost the chances. The U.S. ISM manufacturing PMI for August was the significant focus of the market today. The US data indirectly affected the Euro. Technically, the downward trend of the Euro has fallen to a correction of 138.2%. In the absence of any Eurozone news, lower support levels of 1.0925 and 1.0895 are available for reference. Only if the Euro recovers its resistance of 1.1005 can it expect a repeat of the rally.

    GBPUSD
    1.2090/1.2115 resistance
    1.2025/1.2000 support
    The British prime minister efforts to prevent a no-deal Brexit at the end of October, try to stabilise pound. But opposition MPS and those who support a hard Brexit are strongly opposed. If the UK does not accept the final Brexit plan, believe that bearish the pound. It is recommended to take advantage of the falling in the pound. The current subordinate support level is 1.1942. But a sharp fall in the US. ISM manufacturing PMI in August in today, such as below the 50, it could give the pound a temporary boost if the dollar falls.

    AUDUSD
    0.6730/0.6745 resistance
    0.6685/0.6670 support
    The Australian dollar was weak ahead of the RBA policy meeting at noon. The Australian dollar has been trending lower, falling nearly to its lowest level in two weeks. The short-term resistance is subject to 0.6730, and downward support is 0.6705. If the RBA does not present any policy stance today, we hope the AUDUSD will try 0.6730 resistance. If the RBA monetary stance boosts the AUDUSD, resistance can be seen at 0.6745 and 0.6785. Conversely, the Australian dollar could dip to its low of 0.6670 in early 2019 if it considers any negative news. A fall in the dollar today could give a chance , boost to the Australian dollar if the U.S. ISM manufacturing PMI falls sharply in August, for example, below the 50.

    USDJPY
    106.55/106.70 resistance
    105.75/105.50 support
    U.S. markets were closed for the holidays yesterday and the stock market investor sentiment on hold. The Dow back today and the U.S. manufacturing PMI for August is coming. If the data falls below the 50-point mark and global stocks and bonds fall, capital flow to yen, USDJPY fell. Keep watching the Dow futures and Nikkei futures trend, continue to dominate the dollar against the yen. Note today's US market news, drive global stock market changes, indirect impact on the USDJPY.

    USDCAD
    1.3325/1.3340 resistance
    1.3275/1.3260 support
    The Bank of Canada is expected to leave its benchmark rate unchanged at 1.75 per cent when monetary policy decision release tomorrow night. If an unexpected interest rate cut, which will finally trigger fluctuations in the Canadian dollar. Before the bank of Canada rate hike, markets focused on Canada's July trade report. In the past two months, Canada recorded a trade surplus, its first since 2017, boosting the Canadian dollar, which fell to 1.30 from 1.36. If the trade balance is in deficit again, the U.S. dollar could hit $1.34 to $1.35. Also, investors are advised to watch the performance of crude oil prices. A fall in the amount of crude oil would be bearish the Canadian dollar. Technically, the current USDCAD significant resistance at 1.3350. If any negative news bearish Canadian dollar, this resistance has the opportunity to break.

    US crude oil futures
    55.50/56.00 resistance
    54.50/53.95 support
    As upgrading trade tensions between China and the United States, crude oil demand is falling. Earlier, the U.S. government's offer to negotiate with Iran to ease U.S. sanctions has raised the prospect of an increase in oil supplies. Also, the U.S. consumer confidence index fell, and the US ISM manufacturing PMI is expected to fall, release today, which is harmful to crude oil prices. Markets are watching the results of US data this week, while also looking at oil inventories and cautious investments, adding to downward on oil prices. Technically, crude oil prices yesterday downward hit the first test of 54.50 preliminary support. If the U.S. ISM manufacturing PMI unexpectedly falls sharply today in August, it could end up breaking 53.95 support. Short-term resistance references are 55.50 and 56.00

    XAUUSD
    1530/1533 resistance
    1520/1517 support
    U.S. real GDP in the second quarter was only in line with expectations that the Dow future remained strong and gold prices fell a bit. The US ISM manufacturing PMI is expected to fall following a sharp drop in the US Michigan consumer confidence index final for August. Believe there are opportunities to influence the Dow drop, indirectly to bullish the gold prices. Technically, US$1520 and 1517 are reference supports, and overhead resistance 1530 and 1533. A weak reading in the U.S. manufacturing PMI for August today could influence the results of the beige book regional economic report and U.S. employment data for August. Noting that stocks and expectations of a Fed rate cut are rising, which could affect bullish gold prices.

    U.S. Dow Jones industrial average futures US30
    26405/26535 resistance
    26145/26015 support
    The trade tensions again. The US President has once again stressed the coming US and China consultation, which has gradually strained the investment sentiment. Since the US Michigan consumer confidence index fell sharply, and the U.S. ISM manufacturing PMI is expected to be weak. If the data terrible, the U.S. beige book and jobs data are coming out this week. Believe that bearish the Dow. Technically, Dow futures are focused on the high of 26535. If the U.S. data is weak and investment sentiment is low, Dow futures may significantly fall, keeps watching the downside risk of the Dow future.

    BTCUSD:
    10650 /11150 resistance
    10150 / 9850 support
    If trade tensions again, bullish the gold price and cryptocurrencies demand. The bitcoin price followed the gold price rose. Yesterday here we mentioned, the US Michigan consumer sentiment index very bad. That could affect the FOMC monetary policy decision; it could cut the interest rate and could let the bitcoin price rise. Focus today, U.S. ISM manufacturing PMI is expected to be weak; the bitcoin price went upward. If the data online, it could reduce the cryptocurrencies demand, the bitcoin would be bearish. Please keep on eyes today.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
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    [​IMG]

    For more analysis check out, please click the below link:


    Market Analysis by ATFX Global Chief Market Strategist - Alejandro Zambrano

    ATFX is a co-brand shared by a number of different entities globally including:
    • AT Global Markets (UK) Limited in the United Kingdom regulated by FCA;
    • ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC;
    • AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines;
    • AT Global Markets Intl Ltd in Mauritus is licensed by the Financial Services Commission (FSC) and;
    • AT Capital Markets Limited is a rep office of ATFX Global Markets (CY) Limited regulated by Financial Services Regulatory Authority (FSRA) and CySEC. AT Capital Markets Limited deals with Professional clients only.
     
  3. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
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    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 4


    Personal opinions today:

    The final reading of the Markit PMI in August was up from the previous reading and expectations, reflecting growth in small and medium-sized enterprises. But the US official ISM manufacturing PMI fell sharply in August, falling below the boom-bust line to 49.1. Yesterday, we noted that if the official U.S. ISM manufacturing PMI for August came in below market expectations of 51, it would be acceptable to the market and would have little impact on the dollar. If it falls below the 50 marks, the effect is enormous. The impact on the U.S. Dow future and the dollar. Dow futures fell more than 200 points in early U.S. trading before the ISM manufacturing PMI came out last night. Hedge equity fund flows into gold and the yen again. The dollar index fell, falling back below 99, while European and commodity currencies rose.

    The US ISM manufacturing PMI fell sharply, while Michigan consumer sentiment also fell sharply before. We believe that for the FOMC beige book, U.S. ADP employment change and non-farm payrolls will have a negative impact, the dollar downward. Similarly, estimates for the U.S. Dow, global stocks and crude oil prices are likely to fall. The shift could bullish the gold and the yen. European and commodity currencies are expected to hold for downward.

    [Important financial data and events]
    Note: * is the degree of importance


    09:30 Australia Q2 GDP **
    09:45 China Caixin service sector PMI for August
    15:55 German services PMI final for August *
    16:00 Eurozone services PMI final for August
    16:30 UK services PMI for August *
    17:00 Eurozone retail sales rate for July **
    20:30 US trade account for July ***
    22:00 Bank of Canada interest rate decision ***
    The next day, 00:30 Fed Bullard spoke *
    The next day, 02:00 FOMC beige book ***
    The next day, 04:30 US API crude oil inventories change ***


    Today suggestion:

    EURUSD
    1.1015/1.1045 resistance
    1.0960/1.0925 support
    Market expectations of a series of interest-rate cuts and easing monetary policy in ECB meeting next week are bearish for the Euro. In European trading yesterday, the Euro fell to 1.0925, in line with the upper limit of support predicted by this analysis. The Euro 's low rebound came as the U.S. ISM manufacturing PMI sharply fell in August. Technically, the Euro had fallen to a support level of 1.0925 before rebounding. Hoping to take advantage of the dollar's decline, the Euro recovered 1.1015 first resistance, looking to continue to rise. Due to today's release of the U.S. trade account for July and the beige book, the expected wave range is extensive.

    GBPUSD
    1.2135/1.2175 resistance
    1.2040/1.2005 support
    US ISM manufacturing PMI fell sharply in August, below the 50-point mark, and the dollar's decline indirectly boosted the pound. While the pound has rebounded more than 100 points from its low, it has traded as high as 1.2105. Faced with the prospect of no-deal Brexit at the end of October. Downside risks remain, the pound has a chance to fall. Technically, pound breaks through rebound wave 38.2%, up to 50% rebound is 1.2135, notice above all at present. In contrast, if it breaks support level 1.2070, may look down at 1.2040 and 1.2005. Due to today's release of the U.S. trade account for July and the beige book, the expected wave range is extensive.

    AUDUSD
    0.6785/0.6805 resistance
    0.6765/0.6745 support
    A fall in the dollar boosted the Australian dollar after the RBA remains interested rates. Today, U.S. trade balance for July and the beige book. If the U.S. trade deficit widely and the beige book are likely to reflect the economic recession, bearish the dollar. The Australian dollar is expected to continue rising against the U.S. dollar if the dollar's decline continues ahead of the U.S. announcement. Technically, if the Australian dollar broke 0.6745, then bearish trend again. It may believe that the pattern of the New Zealand dollar to follow the profile of the Australian dollar.

    USDJPY
    106.25/106.40 resistance
    105.80/105.65 support
    The yen rose after global stocks and bonds fell in August as the US ISM manufacturing PMI fell below the 50-point mark. Believe Dow futures and Nikkei futures trend, continue to dominate the USDJPY. Note US economic data and the fed released beige book, driving global stock market changes, indirectly affect the USDJPY. Besides, the U.S. jobs report over the next two days is likely to be bearish on the stock market, and lead the USDJPY.

    USDCAD
    1.3325/1.3340 resistance
    1.3285/1.3260 support
    The Bank of Canada interest rate decision today, although the market estimates that the BOC interest rate unchanged, the benchmark interest rate at 1.75 percent. It is noteworthy that the interest rate results before the release of Canada July trade account. Canada has recorded a trade surplus for the past two months, its first since 2017, boosting the Canadian dollar. If a trade deficit could push the USDCAD between 1.34 and 1.35. Also, investors are advised to watch the performance of crude oil prices. A fall in the price of crude oil would also be bearish for the Canadian dollar. Technically, the critical current resistance at 1.3350. If any negative news bearish Canadian dollar, this resistance has the chance to break. Please pay attention at U.S. July trade account and the federal reserve released the beige book of economic conditions, expected wave range.

    US crude oil futures
    54.55/55.05 resistance
    52.90/52.35 support
    A new trade tariffs between the United States and China, with the market predicting a drop in oil demand. Last week's drop in U.S. consumer confidence already foresees yesterday. The expected decline in the August ISM manufacturing PMI, which weighed on crude oil prices. Crude oil prices fell sharply yesterday, broke 53.95 support and falling as low as $52.95. Watching the U.S. trade report for July and the federal reserve's beige book tonight, then focus on U.S. API oil inventories change, could weigh on oil prices. Technically, the short-term resistance reference is 54.55 and 55.05.

    XAUUSD
    1552/1558 resistance
    1535/1529 support
    Yesterday, this analysis pointed out that the Michigan consumer confidence index fell sharply in August. As a result, the ISM manufacturing PMI fell below the boom-bust line, indirectly boosting gold prices. If the U.S. trade deficit widens today, the U.S. beige book's gloomy outlook could influence August job data for the next two days. Watch for the results of a slew of big data this week, noting that stocks and rising expectations of a Fed rate cut could boost gold prices. The technical resistance is 1552 and 1558, respectively. Support bits indicate 1529.

    U.S. Dow Jones industrial average futures US30
    26405/26535 resistance
    25985/25855 support
    The trade tensions between China and the United States. The US President has once again stressed the terms of the trade deal, which has gradually strained the investment sentiment. The trade tariffs upgrade between China, and the United States was announced earlier in early August, followed by a sharp drop in the Michigan consumer confidence index of the in August. The U.S. ISM manufacturing PMI for August was already expected to be weak yesterday. The FOMC Beige book and US August job data will be watched by the market, which is believed to be bearish for the stock market as a whole. Technically, Dow futures resistance of 26535 can be a reference. If the Beige book sounds negative outlook and U.S. job data is weak, Dow futures could significantly fall, please pay attention to dow downside risk.

    BTCUSD:
    10850 /11150 resistance
    10350 / 10050 support
    If trade tensions, bullish the gold price and cryptocurrencies demand. The bitcoin price followed the gold price rose. Yesterday here we mentioned again, the US Michigan consumer sentiment index very bad. U.S. ISM manufacturing PMI is expected to be weak, the bitcoin price upward. That could affect the FOMC monetary policy decision, and it could cut interest rate and could let the bitcoin price rise. Please keep on eyes today, the US balance of trade and the FOMC Beige book outlook.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
    3
    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 5


    Personal opinions today:

    The final reading of the US Markit and ISM manufacturing PMI and the federal reserve's beige book. Today's market focus on U.S. August ADP payroll, the results are directly related to the U.S. August non-farm payrolls tomorrow. The market session is expected to be advanced today following the release of U.S. August ADP payrolls, pending the results of U.S. August non-farm payrolls, the unemployment rate and average wages.

    The fed's beige book did not fully reflect the economic downturn, but in the manufacturing sector, it showed manufacturing sector were worried about the impact of a global trade war and the risk of a slowdown affecting manufacturing exports. Elsewhere, consumer confidence continued, and retailers remained confident about the economy and spending going forward. On the inflation front, expect inflation to grow "moderately". But the phrase "moderately" is generally used to mean that inflation has risen only slightly. The odds of a quarter-point interest rate cut by the federal reserve in September are 90.4 per cent, according to CME monitor, US 10-year Treasury yields fell to a 10-year low of 1.425%. Government Bond Fund flows into corporate bonds, indirectly pushing the Dow higher. The dollar fell amid rising cut interest rate expectations, bullish for gold and crude oil. And last night the next President of the European central bank (ECB) said she was considering the negative impact of the central bank's measures and trying to find the right way to push up the Eurozone economy. The British prime minister has overturned a no-deal Brexit by MPS opposed to leaving the European Union. The euro and pound rebounded further.

    [Important financial data and events]
    Note: * is the degree of importance


    13:45 Swiss GDP in Q2 *
    German manufacturing orders for July **
    15:30 German construction PMI for August *
    20:15 U.S. ADP payroll in August ***
    20:30 U.S. Initial and continuing jobless claims *
    21:45 U.S. Markit Service PMI final for August **
    22:00 U.S. factory orders in July **
    22:00 U.S. non-manufacturing PMI for August **
    23:00 EIA crude oil inventories change *
    24:00 Swiss national bank President speaks **


    Today suggestion:

    EURUSD
    1.1045/1.1085 resistance
    1.0995/1.0970 support
    The Euro rebounded, as the next President of the European central bank, interpreted the ECB's loose monetary policy. The dollar fell, and the euro extended its rebound after the August ISM manufacturing PMI was followed today by U.S. ADP payrolls and initial and continuing jobless claims. With the fall in the dollar, the Euro recovered, 1.1015 the critical resistance. The Euro has now hit a 23.6% rebound at 1.1038. Expect to test the 10-day and 20-day moving averages until U.S. jobs data is released and see the euro next moves.

    GBPUSD
    1.2135/1.2175 resistance
    1.2040/1.2005 support
    The risk of a no-deal Brexit cooled as markets waited for U.S. jobs data over the next two days, indirectly bullish the British pound. Technically, the pound broke through the hour chart rebound wave 50%, hit 85.2% 1.2250. Since the U.S. ADP payroll for August released today, it will directly affect the US non-farm payrolls data tomorrow. Weak U.S. jobs data could push the pound up to its two-week high of 1.2310.

    AUDUSD
    0.6820/0.6860 resistance
    0.6785/0.6765 support
    The federal reserve's beige book of economic conditions contains some concerns that it could reflect a recession in the United States and harm the dollar. Today, U.S. August ADP payroll release, it will have a direct impact on the US non-farm payrolls data tomorrow. If the dollar's decline continues, the Australian dollar will continue to rise against the greenback. Technically, the Aussie dollar broke through the resistance of 0.6805 indicated by this analysis yesterday. If the Aussie can continue to grow, the reference resistance is 0.6820 and 0.6860. Typically, the New Zealand dollar follows the Australian dollar up.

    USDJPY
    106.75/107.00 resistance
    106.20/105.95 support
    Global stocks rebounded as the yen fell and USDJPY investors turned to equities. Believe Dow futures and Nikkei futures trend, continue to dominate the USDJPY. Take note of today's U.S. ADP payroll performance, leading the U.S. Dow to global stock market changes, indirect impact on the USDJPY. Weakness in the U.S. jobs report over the next two days will be bearish for the stock market and thus the USDJPY. Technically, the Dow futures and Nikkei continue to rise. It is because we calculate the USDJPY that will test 106.75 and 107.00 resistance.

    USDCAD
    1.3265/1.3285 resistance
    1.3205/1.3180 support
    The bank of Canada held interest rates steady at 1.75%, moderating the slide in the Canadian dollar and taking into account the country's July trade deficit. Crude oil prices rebounded and also gained Canadian dollars. Technically, the USDCAD recover significant resistance 1.3350. Take note today of the release of the U.S. ADP payroll for August, which will have a direct impact the US non-farm payrolls data release tomorrow. At the same time, it can predict whether the decline in the U.S. dollar will continue, or rebounding.

    US crude oil futures
    56.15/56.60 resistance
    54.90/54.00 support
    Crude oil prices were boosted yesterday by the federal reserve's beige book on economic conditions, which eased recession fears in the United States. But U.S. API crude stocks rose and U.S. August ADP payroll today could weigh on crude prices. Whether crude oil prices can break through 56.60 is in doubt. Technically, the reference resistance level is 56.60, compared with a high of 56.85 in August. As a short-term trend, the 10-hour average at 56.15 can be used as a reference.

    XAUUSD
    1551/1556 resistance
    1536/1531 support
    The downbeat outlook from the beige book affects August job data over the next two days. Gold prices were buoyed last night by signs of US recession signals and investors' growing expectations that the federal reserve will cut interest rates. Please pay attention to the outcome of U.S. ADP payroll today. If the data is weak, note that expectations of a Fed rate cut are rising, bullish gold prices. The technical references are 1551 and 1556, respectively. Support bits indicate the 1536 and 1531 support. Assuming in the U.S. trading session early today, gold prices fluctuated.

    U.S. Dow Jones industrial average futures US30
    26660/26800 resistance
    26250/26060 support
    The US President has once again stressed the terms of the trade deal with China, which has gradually strained the investment sentiment. Then came the weak August reading of the Michigan consumer confidence index and the ISM manufacturing PMI. The U.S. beige book report, which contained risks to the U.S. economy, turned as expectations of a Fed rate cut rose. Technically, Dow futures broke through the resistance 26535 in Asian markets today. If the U.S. ADP payroll is weak today and investment sentiment is low, Dow futures may adjust and fall before Dow spot open. Please pay attention to Dow downside risk if the job data are more moderate than expected.

    BTCUSD:
    10850 /11150 resistance
    10350 / 10050 support
    If trade tensions, bullish the gold price and cryptocurrencies demand. The bitcoin price followed the gold price rose. Yesterday here we mentioned again, the US Michigan consumer sentiment index very bad. U.S. ISM manufacturing PMI is expected to be weak, the bitcoin price upward. That could affect the FOMC monetary policy decision. It could cut interest rate and could let the bitcoin price rise. Please keep on eyes today, the US ADP payroll. If the US job data lower than expected, bullish cryptocurrencies and bitcoin price.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
    3
    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 6


    Personal opinions today:

    Yesterday, the market focused on U.S. ADP payroll in August, which exceeded expectations. After the results were released, markets were expecting a positive in U.S. non-farm payrolls for August today. The Dow was up more than 300 points last night. U.S. unemployment rate fell, and average wages rise expected. Markets expect the Fed holds rate cut and unchanged. The dollar index rose, limiting gains in European currencies. Crude oil futures rose, hit $57. Gold prices tumbled, dropping 380 pips last night, from $1,545 to $1,507. It was the most significant drop in nearly a month.

    In European trading hours today, the market is looking at the Q2 Eurozone employment rate and GDP rate revisions, the direct impact on the euro, the indirect impact on the British pound and the Swiss franc. If the results are only as expected or lower than expected, European currencies could fall. The US non-farm payrolls and average wages looking good, bullish the dollar, gold prices have room to fall, crude oil prices are likely to test high. The yen could fall further if strong U.S. jobs data, improved U.S. - China relations and hopes for progress well in trade talks this month, bullish Dow futures and driving global stocks such Asian stocks well. Note the volatility in the market during today's non-farm payrolls data, followed by remarks by Fed chairman Powell speech. The content may produce market fluctuation again, please attention!

    [Important financial data and events]
    Note: * is the degree of importance


    14:00 German industrial output in July *
    14:45 French trade account for July *
    15:30 U.K. Halifax's house price index in August *
    17:00 Eurozone employment rate for the Q2 **
    17:00 Eurozone GDP revision in Q2 **
    20:30 U.S. non-farm payrolls and unemployment rate ***
    00:30 Fed chairman Powell speaks


    Today suggestion :

    Eurodollar
    1.1040/1.1060 resistance
    1.1000/1.0985 support
    U.S. ADP payrolls topped market expectations in August, while the dollar ended its decline and the euro fell. After hitting a 20-day average resistance yesterday, the euro reversed course with the release of U.S. jobs data, in line with this analysis. Non-farm payrolls are expected to rise in August, and average wages will increase if payrolls exceed 200,000. The wider the range, the stronger the dollar and the opportunity for the euro to extend losses. But it's worth noting that after the U.S. employment data, federal reserve chairman Powell made a speech. The euro could breakthrough 1.0985 support if the Fed chairman says there is a good chance it will keep rates on hold.

    Pound dollar
    1.2335/1.2355 resistance
    1.2240/1.2220 support
    The risk of a hard Brexit is cooling, indirectly boosting the pound. Yesterday's US ADP payroll showed a rebound of 111.6 % of the Fibonacci, up from a fall in August, to 1.2353. But the U.S. dollar ended its slide and pound limited the gains after U.S. ADP payrolls exceeded market expectations in August. Non-farm payrolls are expected to rise in August, and average wages will increase if payrolls exceed 200,000. The dollar is likely to strengthen against the pound as the federal reserve holds interest rates steady. Today, the U.S. non-farm payrolls data released in August, also attention to the federal reserve chairman Powell speech. Pound could breakthrough 1.2220 support if the fed chairman stresses the odds of keeping rates on hold.

    Australian dollar to dollar
    0.6820/0.6840 resistance
    0.6785/0.6765 support
    U.S. ADP payroll for August showed an increase, which is directly related to expectations for non-farm payrolls data tonight. The US dollar rose, limiting the Australian dollar's gains against the greenback. The market is now expecting goodwill from the US President and Chinese officials to help improve the trade relations and support the Australian dollar. Technically, the Australian dollar maintained above 0.6805, is expected to continue the upward trend of the Australian dollar, reference resistance 0.6820 and 0.6840, the pattern of the New Zealand dollar is to follow the pattern of the Australian dollar. Note that today's non-farm payrolls data show a rise of more than 220,000. There is a good chance that the Fed chairman will insist on holding rates steady. These factors may indirectly affect the Australian dollar fall.

    Dollar yen
    107.35/107.60 resistance
    106.80/106.55 support
    Dow futures and Nikkei futures lead the USDJPY. Last night, the US ADP payroll very well, led the Dow and the global stock market rise, indirect impact of the USDJPY rose to 107 levels. Technically, if Dow futures and Nikkei continue to rise, resistance level maybe reaches to 107.35 and 107.60 resistance. If Dow and Nikkei futures their declines believe the USDJPY follows.

    USDCAD
    1.3265/1.3285 resistance
    1.3205/1.3180 support
    A rebound in crude oil prices helped lift the Canadian dollar on strong U.S. ADP payroll. But the dollar rebounded, limiting the Canadian dollar's gains. Technically, after the U.S. dollar dipped against the Canadian dollar to 1.3200, if the rise in the price of crude oil narrowed, it would indirectly affect the strength of the Canadian dollar. Take note today of U.S. non-farm payrolls data for August. If crude oil prices stop rising after the data, the USDCAD rose.

    US crude oil futures
    57.35/57.75 resistance
    55.80/55.30 support
    The federal reserve has released its beige book on economic conditions, easing recession fears in the United States. U.S. August ADP payroll beat market expectations, boosting crude prices. Crude oil prices broke 56.60 resistance and hit 57.65 last night. Technically, the upper resistance level extends to the reference position of 57.75, which can be used as a reference. If the Fed chairman's emphasis on keeping interested rates on hold could limit the rise in oil prices and reverse course. Keep watching the Fed chairman announcement tonight.

    Gold
    1524/1527 resistance
    1506/1503 support
    U.S. ADP payroll beat market expectations, and gold prices fell in anticipation of the federal reserve's interest rate cut. Gold price is likely to test $1,506 today ahead of U.S. non-farm payrolls and average wages for August. If the non-farm payroll is only in line with 190,000, the end of the dollar strong, technical gold prices may rebound. Believe the price of gold fluctuates during the US trading session today. That's because the Fed chairman is still speaking after the U.S. non-farm payroll. The overall gold price, the significant support levels are $1500 and $1493, please take note.

    U.S. Dow Jones industrial average futures US30
    26820/27000 resistance
    26625/26535 support
    The trade tensions between China and the United States eased, and investment sentiment improved. Dow futures rebounded after strong U.S. jobs data. But those factors had already contributed to the gains in Dow futures last night. U.S. non-farm payrolls data were strong today, but the Fed chairman's speech is likely to leave interest rates unchanged, lowering the investment climate. After the Fed chairman's speech, maybe the Dow narrowed its gains and dipped below its advisory support level.

    BTCUSD:
    10720 /10860 resistance
    10350 / 10050 support
    We mentioned here yesterday, If trade tensions, bullish the gold price and cryptocurrencies demand. The bitcoin price followed the gold price rose. Yesterday the trade tensions cooled with China officials intended to accept US offers. Besides, the US ADP payroll good and over-expectation. That could affect the FOMC monetary policy decision; it could hold the interest rate and could let the bitcoin price fall. Please keep on eyes today, the US non-farm payroll. If the US job data lower than expected, bullish bitcoin price.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
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    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 10


    Personal opinions today:

    The British parliament has voted to prevent a "no-deal" Brexit, reducing the risk to the UK. On the other hands, the market expects trade talks cool. Two significant drivers, Dow futures, crude oil price and the dollar, rose against the yen, while gold fell more than expected.

    In European trading hours today, a conversation between the UK's August unemployment rate and jobless claims, also the Bank of England governor Carney talks was in focus. New housing starts in Canada and building permits in Canada during U.S. trading hours. U.S. business retail sales and July job openings, keep an eye on the dollar and Dow futures reference that outlook. But in the U.S. afternoon trading hours, the outlook for API crude oil inventories and the expected U.S. consumer price index and retail sales could lead to a correction in Dow futures and crude oil prices.

    [Important financial data and events]
    Note: * is the degree of importance


    14:45 French industrial output in July *
    16:30 UK unemployment rate and jobless claims for August **
    18:00 U.S. NFIB small business confidence index for August *
    20:00 U.K. Bank of England governor Carney talks
    20:15 Canada housing starts in Aug *
    20:30 Canada construction permit in July **
    20:55 U.S. business retail sales *
    22:00 U.S. job openings for July *
    24:00 EIA releases monthly short-term energy outlook *
    Next day at 04:30 U.S. API crude oil inventories change ***


    Today suggestion:

    Eurodollar
    1.1065/1.1085 resistance
    1.1000/1.0985 support
    The Euro did not hit its 20-day average resistance of 1.1065 when coming to the European central bank monetary policy meeting on Thursday in anticipation of a policy easing and interest rate cut. The dollar remained stable, and the Euro had an opportunity to extend losses before any Eurozone data showed growth, with the euro likely to hit or breakthrough 1.0985 support and see if it can break through 1.1065 and 1.1085 resistance in the short term. Without a breakthrough, It was believed that the fundamentals and technical still give the Euro a chance to fall.

    Pound against dollar
    1.2365/1.2385 resistance
    1.2300/1.2280 support
    The risk of a no-deal Brexit is cooling, indirectly pound gains. Britain's parliament has voted to block an early general election. A successful bid for an extension or an orderly Brexit is expected to be an essential trading indicator for the pound, which is likely to be highly volatile. The pound is expected to come downward ahead of today's UK jobs data and comments from the governor of the Bank of England. Technically, please pay attention to 1.2400 significant resistance and 1.2280 support. Short - term breakthrough 1.2280, the trend may fall further.

    Australian dollar to US dollar
    0.6865/0.6885 resistance
    0.6825/0.6800 support
    Australia, which has seen consumer confidence and business sentiment fall but has not benefited from a rise in China Aug CPl, is waiting to see how China's data play out in the afternoon. Depending on the results, these factors can, directly and indirectly, affect the fluctuation of the Australian dollar. Technical bit support must pay attention to 0.6825 and 0.6800 support.

    Dollar to yen
    107.55/107.80 resistance
    107.15/106.90 support
    Dow futures and Nikkei futures rose, leading the dollar stronger against the yen. Yesterday, if the Dow and global stock markets continue to rise, the dollar may break 107 yen. Technically, the initial assumption is that Dow futures and Nikkei futures will continue to grow, with resistance at 107.55 and 107.80. If Dow futures and Nikkei futures reverse their decline, it is believed to lead the dollar to fall against the yen.

    Us dollar to Canadian dollar
    1.3205/1.3225 resistance
    1.3160/1.3140 support
    Saudi Arabia, the world's largest oil producer, mentioned it was actively controlling production by both OPEC members and non-OPEC members. Technically, the market is waiting for the latest crude oil inventory change data after the U.S. dollar broke through its support level of 1.3200 against the Canadian dollar, which may limit the rise in crude oil prices and limit the volatility of the U.S. dollar against the Canadian dollar.

    U.S. crude oil futures
    58.85/59.45 resistance
    57.80/57.40 support
    Saudi Arabia, the largest crude producer, mentioned controlling production by OPEC members and non-OPEC members. U.S. and China trade tensions eased, and British no-deal Brexit was cooling down bullish oil prices. Technically, crude oil price reference resistance of 57.05 and 57.35 is considered a significant resistance range breakthrough. Before the market looks at U.S. API crude inventories, watch out for a possible roadblock to the rally. To adjust, first refer to the ten and 20-hour moving averages, respectively, 57.80 and 57.40 support bits. If the crude oil inventory increases, the crude oil price adjustment falls sharply.

    Gold
    1495/1498 resistance
    1482/1479 support
    The market, which is watching U.S. August CPl and U.S. retail sales data this week, had believed gold would consolidate above support levels of 1506 or 1503 ahead of the results, with an opportunity to test the resistance of 1524 and 1527. However, the British parliament passed a bill to prevent the no-deal Brexit and re-election, and the investment risk decreased slightly, investors put their money into the risky investment of the stock market, the demand for gold fell, and the gold price adjusted to 1482 dollars before the rebound started near the starting point in July. There is an opportunity for gold to gain on Thursday after the European central bank's interest rate if hike and U.S. inflation data CPI lower.

    U.S. Dow Jones industrial average futures US30
    26870/27000 resistance
    26665/26540 support
    The trade tensions between China and the United States eased, and investment sentiment improved. The British parliament passed a bill to prevent a no-deal Brexit and an election. The risk of investment decreased slightly, and investors invested in the stock market risk. These factors are reflected in the rise in Dow futures. The market is awaiting U.S. August CPl data and retail sales data, as well as comments from the U.S. President and the federal reserve, which could move markets in the short term. The Fed chairman's comments earlier left interest rates unchanged, limited the Dow future‘s gains and dip below support.

    BTCUSD:
    10550 /10750 resistance
    10050 / 9850 support
    The market expected the FOMC might hold monetary policy decision in September, and it could hold the interest rate, the bitcoin price fell. Incoming, we have to look at the Dow future. If Dow fell, the bitcoin price and cryptocurrencies upward.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
    3
    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 11


    Personal opinions today:

    The British parliament successfully blocked a "no-deal" Brexit, the risk of Britain cooling down, and the market is also looking for progress in china-us trade talks. More important, the report said U.S. inflation remained moderate, but the labour market was tight, with temporary jobs being created and higher wages attracting jobs. Dow Jones industrial average futures were trading down to up in late trading yesterday after news that U.S. companies expect the economy to continue to grow in the fourth quarter boosted the investment climate. As usual, the dollar rose against the yen and gold fell. Oil futures prices had been adjusted before Opec, and the EIA released their monthly crude market reports. But U.S. API crude oil inventories fell sharply, oil futures prices rebounded.

    Watch the dollar and dow futures today. During U.S. trading hours, note the monthly U.S. PPI rate for August and the monthly U.S. wholesale sales rate for July. Opec and EIA crude oil market reports may lead to dow futures, and crude oil prices adjust.

    [Important financial data and events]
    Note: * is the degree of importance


    16:00 China August M2 money supply, financing scale **
    18:30 OPEC releases monthly oil market report ***
    20:30 Canada Capacity utilization in Q2 **
    20:30 U.S. monthly PPI in August **
    22:00 U.S. wholesale sales in July **
    22:30 EIA crude oil inventories change**
    24:00 EIA releases monthly short-term energy outlook **


    Today suggestion :

    Eurodollar
    1.1060/1.1080 resistance
    1.1015/1.0095 support
    The Euro has barely breached its 20-day average after hitting resistance in recent days as markets wait to see when the European central bank monetary policy decision tomorrow in anticipation of a policy easing and interest rate cut. Today's focus is on the U.S. producer price index for August. Technically, watch Euro 1.1060 and 1.1080 resistance for short-term. It is believed that after the European central bank meeting tomorrow, a new round of monetary stimulus policy is expected to boost the Euro.

    Pound against dollar
    1.2365/1.2385 resistance
    1.2315/1.2295 support
    The risk of a no-deal Brexit is fading as Britain's parliament votes to block a re-election. But it will be difficult to boost the pound further without an extension of the Oct. 31 deadline. The deal is expected to be a key trading indicator for the pound as the British parliament debates a deadline extension and an orderly exit from the European Union. Today's market focus on the U.S. producer price index in August and the performance of the U.S. dollar. Technically, please pay attention to 1.2400 significant resistance and 1.2280 support.

    Australian dollar to U.S. dollar
    0.6865/0.6885 resistance
    0.6825/0.6800 support
    Australia reported a drop in consumer confidence and business sentiment. The Australian dollar pared losses yesterday as China's CPl rose. We are now watching the scale of China's money supply and social financing to see how China renminbi performs. If it rose, may indirectly bullish Australian dollars. Technical bit support, look for 0.6825 and 0.6800 support. Resistance levels 0.6865 and 0.6885.

    Dollar to yen
    107.80/108.00 resistance
    107.25/107.05 support
    Dow and Nikkei futures rose, while the dollar strengthened against the yen. Technically, the preliminary assumption is that Dow futures and Nikkei futures will continue to rise, resistance to 107.80 and 108.00. Note that if Dow futures and Nikkei futures go into reverse, we believe the dollar-yen will follow go down.

    US dollar to Canadian dollar
    1.3175/1.3190 resistance
    1.3140/1.3125 support
    News that oil producers will control production and stabilize oil prices. The price of crude oil rose, giving the Canadian dollar a lift. But today, OPEC and EIA released their monthly oil market reports, before the release of oil price adjustment. And Canada's Q2 capacity utilization and U.S. August PPI data are likely to limit the rise in the Canadian dollar and suggest staying on the sidelines. Technically, the U.S. dollar against Canadian dollars is worth 1.3125.

    US crude oil futures
    58.45/58.80 resistance
    57.35/57.05 support
    Crude oil prices were supported by a sharp drop in US API crude stocks. Technically, crude oil price reference supports 57.35 and 57.05. After breaking the 10 and 20-hour averages, crude oil futures could test resistance of 58.45 and 58.80. But note today's monthly oil market reports from OPEC and the EIA, which could help lift crude futures prices if they show an increase.

    Gold
    1497/1501 resistance
    1483/1479 support
    This week's U.S. retail sales and CPl data for August raised the risk of investors investing in equities, while gold prices adjusted to lower as demand decreasing. But, there is an opportunity for gold to gain on Thursday after the European central bank's interest rate hike and U.S. inflation data. Short term the gold price will focus on 1483 or 1479 support and 1497 or 1501 resistance.

    U.S. Dow Jones industrial average futures US30
    26970/27060 resistance
    26765/26660 support
    The trade war between China and the United States eased, and investment sentiment improved. The British parliament succeeded in preventing a hard Brexit and avoiding re-election. These factors are reflected in the rise in Dow futures. Markets are waiting for August's CPl data and retail sales data, as well as the latest comments from the U.S. President and the federal reserve. Dow futures are expected to have a chance to pare gains if the 27,000 resistance break fails and dip below recommended support.

    BTCUSD:
    10350 /10550 resistance
    10050 / 9850 support
    The market expected the FOMC may hold monetary policy decision in September, it could hold the interest rate, the bitcoin price fell. In coming, we have looking at the Dow future. If Dow fell, the bitcoin price and crypto currencies upward. Now, the market is looking at US$10050 and US$9850 support, and forecast to US$10350 and US$10550 resistance.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
    3
    ATFX-A Global Leader in Online Trading
    ATFX Market Outlook, 2019 September 12


    Personal opinions today:

    The President of the United States and his administration announced the two important announcements yesterday. First, the U.S. eased sanctions on Iran, and the market expected an increase in crude oil supply, leading to a decline in crude oil futures prices, which indirectly hurt the Canadian dollar. Second, the U.S. government delayed by two weeks raising tariffs on $250 billion of Chinese imports. The planned extension is expected to pave the way for high-level talks in October. The investment climate improved sharply, with the Dow closing up to near its July high. Dow futures rose, gold and silver prices and the yen fell. The news boosted China's currency, the Australian and New Zealand dollars, as well as regional stock markets.

    Two big announcements today, the European central bank's interest rate decision, ECB President Mario Draghi held a press conference and the US monthly CPI rate in August update could cause market volatility. First, before U.S. trading, the European central bank announced its decision on interest rates, with expectations that the ECB would choose to cut rates and launch a new round of TLTRO. After that, the European central bank press conference. It is believed he will quote the contents of the resolution and the monetary policy and outlook of the European central bank, and name of the next ECB President. The Euro could be boosted if the European central bank starts a plan to cut interest rates and raise funds, which would help to lift investor pessimism about the European economy and boost investment. Besides, the number of U.S. jobless claims last week and the revised U.S. CPI for August will weigh on the dollar's performance. Meanwhile, the August CPI data reflects current U.S. inflation, which could influence market expectations for the federal reserve's policy meeting next Thursday. Gold is expected to fluctuate against the Euro and other European currencies today, which is more likely to lead to volatility in Dow futures and crude oil prices.

    [Important financial data and events]
    Note: * is the degree of importance


    14:00 German August CPI final value **
    14:45 French monthly CPI for August *
    16:00 IEA releases monthly Oil market report **
    17:00 Eurozone industrial output for July *
    19:45 European central bank interest rate decision ***
    20:30 ECB President Mario Draghi holds press conference ***
    20:30 U.S. jobless claims last week **
    20:30 U.S. CPI rate in August ***
    OPEC and non-OPEC JMMC meeting **


    Today suggestion:

    Eurodollar
    1.1080/1.1105 resistance
    1.0085/1.0060 support
    The Euro fell after hitting an average of just 20 days of resistance for several days in a row as markets awaited a meeting of the European central bank in anticipation of a policy easing and interest rate cut. Today's European central bank interest rate is a crucial moment. If the ECB starts the relevant economic stimulus package, the Euro could boost the rise. Also, the market is looking to August U.S. inflation data CPI results. A stronger dollar could limit the euro's gains if the data beat expectations by 0.1% or were flat. Current technical trends are expected, the Euro fell before the European central bank's interest rate, after the results may rebound.

    Pound against dollar
    1.2365/1.2380 resistance
    1.2295/1.2280 support
    There was no UK data today, but the European central bank's interest rate results and the euro's volatility could indirectly affect British pound. The risk of a no-deal Brexit is cooling as Britain waits for a better deal before an October 31 deadline. Besides, the market is looking at August U.S. inflation data CPI results and the performance of the dollar. Technically, please pay attention to 1.2400 significant resistance and 1.2280 crucial support. If pound break 1.2280, the trend may fall further.

    Australian dollar to US dollar
    0.6885/0.6905 resistance
    0.6845/0.6830 support
    The government of the United States has extended tariffs on 250 billion dollars worth of Chinese imports, easing the trade war and bullish the Australian dollar. The market is watching U.S. August inflation data and the performance of the dollar today. If the CPI meets or beats expectations, it could support the U.S. dollar's rise, putting downward on the Australian dollar. Technical resistance levels keep an eye on 0.6885 and 0.6905. If you want to adjust the support bit, please refer to 0.6845 or 0.6830 support. It is believed that the New Zealand dollar will continue to follow the trend and pace of the Australian dollar against the US dollar.

    Dollar to yen
    108.15/108.35 resistance
    107.75/107.55 support
    Good news from the US President, Iran sanctions and easing of the China and US trade war, bullish Dow and Nikkei futures to rise, while the dollar strengthened against the yen. Besides, Japan's economic activity index fell broadly today, with only a rebound in Japanese machinery orders limiting the yen's decline. Technically, the resistance level is expected to rise to 108.15 to 108.35, assuming Dow and Nikkei futures continue to rise during Asian and European trading hours. Note, given the performance of CPI data for August in the United States today. If the information is estimated to be lower than the previous value, the result may be lower than the previous value and expectations, Dow and Nikkei futures may fall and believe in leading the dollar to fall against the yen.

    US dollar to Canadian dollar
    1.3200/1.3225 resistance
    1.3160/1.3140 support
    After the release of the OPEC and EIA monthly oil market reports, the US President said easing sanctions on Iran could boost oil supplies and prices. A rise in Canada's second-quarter capacity utilization rate and a drop in U.S. producer prices in August limited the Canadian dollar's decline, suggesting that the U.S. CPI results from today and the prospect of easing news, bullish crude oil futures.

    US crude oil futures
    57.05/57.60 resistance
    55.90/55.60 support
    Crude oil prices were supported by sharp declines in U.S. API and EIA inventories and positive outlooks in OPEC and EIA monthly crude market reports. But the price of crude oil has been sharply revised after the US President said easing sanctions on Iran could boost supplies. Technically, crude oil prices lost reference support of 57.05, and the 10-hour average was pulled down. The trade war easing, the United States economic data well, bullish crude oil futures. Test 57.05 resistance. Technical support bits can be referred to 55.90 and 55.60 support.

    Gold
    1500/1502 resistance
    1487/1485 support
    The market looked ahead to U.S. retail sales data for August and U.S. retail sales data for tomorrow, as gold prices consolidated at low levels ahead of the European central bank's interest rate hike. The European central bank's interest rate decision today, the strength of its monetary easing policy and the outcome of the US CPl. If the European central bank cuts interest rates by more than 0.2% and U.S. CPI falls over expectations, there are opportunities to rally gold. Note Dow futures, if up, gold price short term focus on $1487 and $1485 support. In contrast, Dow futures fell, and gold prices are expected to test resistance at $1,500 and $1,502. Or it could break the 1,502 to $1,510.

    U.S. Dow Jones industrial average futures US30
    27360/27520 resistance
    27075/26860 support
    The trade war eased, investment sentiment improved, the British parliament successfully prevented a no-deal Brexit and avoided re-election, and the United States eased sanctions on Iran. These factors are reflected in Dow futures rose. Markets are waiting for U.S. August CPI data today and retail sales data tomorrow, as well as the latest comments from the President and the Fed, to see where the Fed's monetary policy is headed next week. Dow futures are expected to have a chance to limit their gains; the key is US CPI data performance today. If Dow futures break 27075 support, there is a chance to test the lower recommendation support, 26860.

    BTCUSD:
    10350 /10550 resistance
    9850 / 9600 support
    The market expected the FOMC might hold monetary policy decision in September. It could keep the interest rate, the bitcoin price fell. Incoming, we have to look at the Dow future. If Dow future fell, the bitcoin price and cryptocurrencies would upward. Now, the market is looking at the first support US$9850 or next support US$9600.

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

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

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

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
    3
    [​IMG]

    For more analysis check out, please click the below link:


    Market Analysis by ATFX Global Chief Market Strategist - Alejandro Zambrano

    ATFX is a co-brand shared by a number of different entities globally including:
    • AT Global Markets (UK) Limited in the United Kingdom regulated by FCA;
    • ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC;
    • AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines;
    • AT Global Markets Intl Ltd in Mauritus is licensed by the Financial Services Commission (FSC) and;
    • AT Capital Markets Limited is a rep office of ATFX Global Markets (CY) Limited regulated by Financial Services Regulatory Authority (FSRA) and CySEC. AT Capital Markets Limited deals with Professional clients only.
     
  10. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    380
    Likes Received:
    3
    ATFX Successfully Hosts a Series of Seminars Throughout East Africa

    East Africa – ATFX hosts an intense and innovative trading day, explaining everything from the basics of trading to the essential concepts.

    The global brokerage ATFX concentrated its efforts in Africa after a successful start to 2019. The company held the Africa roadshows in various cities, including Dar es Salaam in Tanzania, Kampala in Uganda, Nairobi and Nakuru in Kenya

    There was a big demand for the roadshow in each region. ATFX is delighted with the levels of engagement and, in particular, the passion for trading that was evident throughout the various seminars held.

    The turnout was high for both FX training sessions, which were offered completely free of charge, with over 500 forex enthusiasts attending the events in total. During the roadshow, Ahmed Fouad, Regional Head of Business Development and Duncan Ndiritu, Business Development Manager of ATFX (AE) discussed the following topics: -

    · the forex trading market and how to start trading;

    · developing effective trading strategies;

    · how to manage risk effectively, identifying high probability entry and exit points;

    · calculating profit levels, pinpointing more forex trading opportunities and how to maximise trading results.


    This was to enhance the traders’ experience with forex, indices, and commodities.

    Ryan Tsui, ATFX (AE) CEO commented on the results of the roadshow: “These have been the best seminars we have held. We received hugely positive feedback from the traders because our professional speaker used real examples to present the market information with what traders need. We met many incredible people with a passion for learning as much as they can about forex trading, technical analysis and the world’s financial markets and I hope to be back in Africa very soon with another exciting forex trading course!”

    The seminars are very much aligned with ATFX’s ideology that educating traders will broaden their knowledge of the financial markets. The company is confident that the roadshow has not only created a space for new traders but has also developed existing traders’ skill sets so that they are able to overcome hurdles.

    About Ahmed Fouad:
    Mr. Fouad worked for large-scale forex trading companies in Dubai, a prominent financial services companies as Head of Derivatives. He is experienced in building and maintaining relationships with financial institutions. Having graduated from Edinburgh Business School with an MSC in financial management, and combined with certifications in FRM, CRM, and derivatives from Heriot-Watt University.


    About Duncan Ndiritu:
    Mr. Ndiritu worked for an international bank in Kenya. Highly training results-orientated, offering more than 13 years of successful retails and corporate business and education experience. His strengths in trader education, project management and account management.

    END
    atfx.com

    Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 224226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. The registered address is the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

    All trading involves risk, losses can exceed your deposits.
     

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