ATFX Market Updates 2019

[Kelly Yeung]

Personal opinions today

The euro zone announced the fourth quarter job data and fourth quarter gross domestic product. In addition, the European Central Bank launched new TLTRO immediately, and pointed out that the forecast for the euro zone economic growth this year was reduced from the original 1.6% to 1.2%, the bearish euro, over 1.1265 support The euro fell sharply. Affected by the European Central Bank’s sudden announcement of a new monetary policy, the pound faced negative news and fell. Outside the euro and the pound, the major currencies also fell against the dollar, and the dollar index rose above the 97 level.

After the US announced the ADP job data on Wednesday, the US will release other important data tonight, and the market is watching the US non-farm payrolls, unemployment rate and average hourly wage. If the data is not as expected or below market expectations, the US dollar index will have a chance to fall after the data is released. Representatives have the possibility that major currencies will have an opportunity to rise against the dollar and gold prices. Please pay attention to the time of publication of the US job data, and recommend to arrange the position in advance to prevent market fluctuations.

Today's suggestion:

EURUSD
1.1220/1.1255 resistance
1.1180/1.1145 support
Last night, the European Central Bank announced a new monetary policy, the euro fell below the support of 1.1265, and continued to fall. Tonight, the US announced its job report for last month, which will likely affect the US dollar significantly, indirectly causing the euro to fluctuate. It is recommended to pay special attention to the results of the US employment data release this evening, the euro fluctuations. Since the European Central Bank news last night, the euro has already fallen. If the US official employment data is not outstanding tonight, the euro has a chance to rise.

GBPUSD
1.3120/1.3150 resistance
1.3020/1.2980 support
Last night, the European Central Bank announced a new monetary policy decision, the euro fell, indirectly negative for the pound. Tonight, the US government officially announced the job report for last month, which will probably affect the US dollar significantly, indirectly causing the pound to fluctuate. It is recommended that special attention be paid to the results of the US job data release this evening. In addition, the market now facing the Brexit vote next Tuesday, the bearish pound. The current news means that British parliamentarians continue to oppose the proposed amendments proposed by the British Prime Minister, and the pound continues to face downside risks. If the British Prime Minister and the European Commission discuss the extension of the Brexit deadline, the news will affect the pound's further decline.

USDCHF
1.0125/1.0145 resistance
1.0085/1.0065 support
After the European Central Bank's interest rate decision, the Swiss franc, which is closely related to the euro, was affected by the fall of the euro, and the Swiss franc also fell. In addition, it is more important to pay special attention to the results of the job data released in this evening. The performance of the data directly affects the US dollar and drives the Swiss franc to fluctuate. Please note that trading risk technically, the US dollar against the Swiss franc has the opportunity to test resistance of 1.0125 or 1.0145, reference support 1.0085 or 1.0065.

USDJPY
111.95/112.15 resistance
111.45/111.25 support
Recently, the market waited for US job data. The US Dow and the Japanese Nikkei index showed adjustments, and the US dollar weakened against the yen. Technically, the USDJPY has tested 111.45 support. The US official job data for tonight are announced tonight, It is recommended to keep an eye on global stock market changes, especially the US Dow and Japan's Nikkei are changing, judging market sentiment and the trend of the US dollar against the yen.

AUDUSD
0.7005/0.6980 support
0.7065/0.7080 resistance
Australia announced a slowdown in GDP in the fourth quarter, and the data was negative for the Australian dollar. The market is paying close attention to the Sino-US trade wars. At present, the US president’s remarks bring uncertainties, and the Australian dollar is weak against the US dollar. Technically, 0.7050 supports the fall, and the trend is weak. It may test 0.7005 and 0.6980 important support, which is worthy of attention.

NZDUSD
0.6745/0.6725 support
0.6790/0.6815 resistance
At present, the market is paying close attention to the development of Sino-US trade wars. If any good news reappears, it is expected to boost the New Zealand dollar. In the short-term technical, attention to 0.6725 support can be used as important support for reference.

USDCAD
1.3475/1.3490 resistance
1.3385/1.3370 support
A few days ago, the US API and EIA reported, the crude oil inventories increased significantly. Next, the Bank of Canada interest rate decision kept the loose monetary policy, which negative Canadian dollar. The market is paying attention to the performance of Canada's job data tonight, and compared with the US non-farm payrolls data, it may affect the development of the US dollar against the Canadian dollar in the short term. In addition, US job data may affect crude oil price volatility, and if crude oil prices rise sharply, it will help boost the Canadian dollar.

EURGBP
0.8570/0.8600 resistance
0.8525/0.8500 support
The European Central Bank’s new monetary policy has affected the euro’s decline. Technically, the euro fell below the 0.8560 support against the pound. However, next week's British Parliament's uncertainty on the Brexit vote and the uncertainty of the Brexit deadline, the pound has a chance to fall, which will increase the EURGBP. It is recommended that the Brexit news dominates the trend of the pound and affects the EURGBP. In addition, the results of the US job data tonight announced that the market is concerned about the impact on the euro. When investing in the EURGBP, it must pay attention to large fluctuations.

EURCHF
1.1340/1.1360 resistance
1.1305/1.1280 support
After the announcement of the ECB's interest rate decision last night, the euro fell sharply, the Swiss franc was more stable, the euro had a chance to adjust against the Swiss franc, and the test was supported by 1.1345 or 1.1330. The market is waiting to see the results of the US job data, which may continue to affect the trend of the euro, while affecting the fluctuation of the EURCHF.

XAUUSD
1290/1293 resistance
1283/1280 support
If the US officially announces the job data tonight, the job data report will be bearish XAU if the market is satisfied. On the other hand, the market is not expected to end the Sino-US trade war at the end of this month, and the risk sentiment will increase. It is expected that the low price of gold will be supported at 1,283 and 1,280 dollars, and there is a rise in breakthrough resistance. At present, we are paying close attention to the non-farm payrolls, unemployment rate and average wage, and determine the trend of gold. Current resistance is referenced at $1290 and $1,293. Support is 1283 or 1280.

US crude oil futures:
57.05/57.40 resistance
55.80/55.55 support
A few days ago, the US API and ElA crude oil inventories shown increased significantly, and crude oil futures prices were face a downside risk. However, the market is concerned that the US official job market report tonight and the previous Federal Reserve issued a report on the economic status of the Beige Book, which is expected to boost crude oil prices. Technically, continue to pay attention to 55.80 and 55.55 support, with important support at $55. If the crude oil price stays above $55 in the short term, the trend is still expected to test the resistance of 57.05 and 57.40.

US Dow Jones Industrial Index Futures US30
25555/25720 resistance
25160/24480 support
The market is watching the US official job data tonight, so the US Dow has recently adjusted. In addition, there are reports that US President Trump may not be considered to sign trade agreements with China at the end of the month, end the trade war, change investment sentiment, and bear negative stock market performance. Technically, the US Dow is adjusting its cycle and has fallen below the 25,620 and 25,530 support levels previously calculated. If the US job data is good and boosts the stock market, then there is no need to look at 25160 or 24480 support.

BTCUSD:
3680 / 3520 support
3925 / 4050 resistance
The market is waiting the US job data, the price may be staying back a bit. If USD strengthen Bitcoin weakness. If the dollar depreciation that will be pushed up the price of bitcoin.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today
Last week , the US ADP reached 183,000, but on Friday, the official US non-farm payrolls fell sharply, only 20,000. It cannot reflect the accuracy of data published by the US official. From the sub-item, the US officially announced that the number of private non-farm payroll was 25,000, and only 20,000 were left after the calculation of government job numbers. It means the number is fail to compare with private sector statistics.

Referring to the US unemployment rate in February and the average hourly wage, the two data showed good news. More importantly, in the average wages, the monthly rate and the annual rate increase, respectively, and the dollar is bullish. The employment ratio and inflation data are both above market expectations, and the US economic momentum continues. In addition, the new housing starts and construction permits announced that night recorded growth, It can believe the US dollar index is still strongly. Technically, the US dollar index can refer to 97.20 and 96.78 if adjustments.

On coming Tuesday and Wednesday, UK time, the British Parliament discussed and voted on the draft of the new Brexit agreement. At present, the outside world believes that the draft is highly vetoed. Finally, whether the UK will leave the European Union before the deadline of March 29, or postpone the Brexit. Or there is a second referendum on the Brexit, which will be decided after the British parliament vote. European currencies will face risks, risk aversion will heat up again, and gold and yen will likely be caught up. Whether the Swiss franc can become a next safe haven for European currencies, will be quoted one by one this Wednesday.

Today's suggestion:
EURUSD
1.1235/1.1250 resistance
1.1180/1.1165 support
The European Central Bank announced a new monetary policy decision, the euro fell below 1.1265. The dollar is strong. The Brexit vote is imminent, and pessimism will inevitably affect the euro, leaving the euro at a downside risk. Technically, the euro failed to break the resistance of 1.1265, and the trend is still judged as a downward trend. In addition, the fundamentals have caused investors to worry that the euro may be affected by the risk of Brexit, so it is concerned that the euro has a chance to fall further against the dollar.

GBPUSD
1.3020/1.3050 resistance
1.2945/1.2925 support
The British Parliament discussed the new Brexit agreement on Tuesday and voted on Wednesday. From the weekend, the EU’s attitude was tough, and most of the British parliament’s members of the House of Representatives expressed their stance, which was negative for the pound. The current news means that British parliamentarians continue to oppose the proposed amendments proposed by the British Prime Minister, and the pound continues to face downside risks. If the Brexit agreement was rejected this week, the UK could not extend the Brexit deadline, and there was no second referendum. The Brexit if without agreement would affect the further decline of the pound. Technically, 1.3020 and 1.3050 can be first set as important resistance references. If no breakthrough the resistance, the technical resistance of the pound can be moved below 1.2985 or 1.3000.

USDCHF
1.0105/1.0145 resistance
1.0065/1.0025 support
The European Central Bank's new monetary policy, the US job data is still good, and the risk of Brexit is a negative European currency. The Swiss franc is subject to downside risks. But from another perspective, the Swiss franc may become a safe haven for this European risk. If there is a problem with the euro and the pound, the funds may be transferred to the Swiss franc to hedge, so please pay attention. Technically, the USD/CHF has the opportunity to test resistance at 1.0105 or 1.0145, with reference to support at 1.0065 or 1.0025. It is recommended to pay attention to the Brexit discussion and voting results, paying attention to changes in the Swiss franc.

USDJPY
111.35/111.55 resistance
110.65/110.45 support
In the US job data, the number of non-farm payroll disappointed the market. In addition, the US president is not sure that the agreement with the Sino-US trade agreement and the risk of Brexit are approaching. The US Dow and Japan’s Nikkei are weak, naturally becoming safe-haven currencies, and the reason why the dollar weakens against the yen. If the news is not released and the current tight investment climate is changed, the USD/JPY may be developed towards the 109 level after the break the 110 level.

AUDUSD
0.7050/0.7070 resistance
0.7005/0.6980 support
Before the release of US job data, the market was tense and the Australian dollar was bearish. At present, the situation seems to have eased, but the market is paying close attention to the next step of the Sino-US trade war. At present, the US president’s speeches and actions fail to convince the Sino-US trade war to end soon. Investing in the Australian dollar under uncertainty, It may believe the Australian dollar is weak against the US dollar. Technically, since the 0.7050 support fell, the Australian dollar against the US dollar was weak, and had the opportunity to test 0.7005 and 0.6980 important support. If the 0.7050 and 0.7070 resistances break through, the trend is expected to reverse.

NZDUSD
0.6810/0.6828 resistance
0.6775/0.6758 support
Technically, the Australian dollar and the New Zealand dollar are in similar trend. At present, the market is paying close attention to the development of Sino-US trade wars. If good news reappears, it is expected to boost the New Zealand dollar. In the short-term technical, attention to 0.6775 and 0.6758 support can be used as an important support reference.

USDCAD
1.3460/1.3480 resistance
1.3405/1.3385 support
Crude oil futures prices fell, Canadian job data failed to inspire the Canadian dollar, affecting the Canadian dollar continued to weaken, negative for the Canadian dollar. If crude oil prices continue to weaken, it may affect the development of the US dollar against the Canadian dollar in the short term. Technically refer to 1.3405 or 1.3385 support and 1.3460 or 1.3480 resistance as a preliminary analysis.

EURGBP
0.8680/0.8720 resistance
0.8625/0.8585 support
This week the British Parliament is preparing to vote on the Brexit agreement, and the Brexit agreement may be rejected. The market is looking forward to deadlines to resolve uncertainties and avoid further declines in the pound. However, the gap between the pound and the euro has widened, causing the euro to rise against the pound. It is recommended to pay attention to the Brexit news, dominate the trend with the pound, and affect the euro against the pound. At present, there is a possibility that the pound will fall further and it will also affect the euro. When investing in the euro against the pound, it must pay attention to large fluctuations.

EURCHF
1.1315/1.1300 support
1.1340/1.1360 resistance
The European Central Bank’s new monetary policy and the Brexit are unclear. The Swiss franc has the opportunity to become a safe haven for the euro. The euro is falling against the Swiss franc and the market is watching. Stay tuned for the Brexit news and the performance of the Euro, while affecting the volatility of the Euro against the Swiss Franc, so stay tuned.

XAUUSD
1298/1301 resistance
1293/1290 support
The US officially released job data, and the number of non-farm payroll has dropped sharply. On the other hand, the market is not expected to end the Sino-US trade war at the end of this month. The deadline for Brexit is imminent. These risk sentiments have increased, and gold has been pushed up as a reason for risk aversion. If the above risks cannot be resolved in the short term, it is estimated that the price of gold will probably push up to $1310. Current support is available at $1293 and $1290.

US crude oil futures:
56.55/56.80 resistance
55.55/55.05 support
Last week, US crude oil inventories increased sharply, the risk of Brexit increased, the Sino-US trade war remained unresolved, and crude oil futures prices were downside. Technically, continue to pay attention to 55.05 support, with $55 as an important support. If you fail, you can refer to last week's low of $54.49.

US Dow Jones Industrial Index Futures US30
25555/25720 resistance
25160/24480 support
The US officially released job data disappointed the market and also adjusted with the US Dow last week. In addition, there are reports that US President Trump may not be able to sign a trade agreement with China at the end of the month to end the trade war. Coupled with the approaching risk of Brexit and the tight investment sentiment, it is estimated that it will continue to bear negative stock market performance. Technically, the US Dow is in the downward development cycle and has the opportunity to test 25160 or 24480 support.

BTCUSD:
3680 / 3520 support
3925 / 4050 resistance
The US job data seems disappointed the market confidence, the dollar fell a bit and the price may be rise a bit. Keep in mind, if USD strengthen Bitcoin weakness. If the dollar depreciation that will be pushed up the price of bitcoin. Because the market still has no confidence to trade cryptocurrencies right now.

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 retail sales in January were better than expected, and compared with the negative growth in the peak season in December, reaching 0.2%. It is estimated that the US consumer price index for February will have a good effect tonight. The market expects that the consumer price index will also reach 0.2% tonight, which is 0% higher than last month. In addition, the US presidential budget and the US economic forecast are rising, which is equally bullish dollar. It is reported that the Fed still expects to raise interest rates at least once in the second half of the year. These are the factors of the bullish dollar, but why did the dollar not rise last fall, because the dollar's main rival currency, the euro and the pound rose. It has been reported that the British Prime Minister has made a deal in consultations with the EU. The EU is willing to make a backup plan for the Irish border tariff issue and will give the grace period, that boosts the pound, and the euro will rise indirectly, limiting the dollar's rise while the dollar fell.

However, the market is closely watching the two-day discussion and voting on the draft of the new Brexit agreement in the British Parliament. At present, there is a high chance that the draft will be rejected. Although the risk of having to leave the EU at the end of March is reduced, if the British Parliament veto the draft tomorrow, the next day will discuss the decision to leave the European referendum. A variety of fundamental factors risk that European currencies will face different levels of risk, and European currencies face downside risks. As risk aversion heats up, gold and the yen will likely be chased again. And whether the Swiss franc can become a safe haven for European currencies, will be cited this Wednesday and Thursday. It is recommended that this week's trading must pay attention to risk management, capital and position control.

Today's suggestion:
EURUSD
1.1280/1.1300 resistance
1.1230/1.1210 support
The British parliament’s vote of Brexit is imminent, and pessimism will inevitably affect the euro, leaving the euro at a downside risk. At present, the UK may avoid the risk of hard Brexit and stabilize the Euro. Technically, the euro has to successfully break through the resistance of 1.1265 and still need more good news. If the euro rebounds 61.8% and 73.6%, respectively, 1.1265 and 1.1280 stop, the trend is still judged as a downward trend. The impact of the Brexit risk, mainly leading the direction of the euro, it is recommended to pay more attention to relevant news.

GBPUSD
1.3260/1.3280 resistance
1.3050/1.3020 support
The British Parliament discussed the new Brexit agreement tonight and began voting on Wednesday night. The current news means that British parliamentarians still oppose the new revision proposal proposed by the British Prime Minister and the European Union. They are vetoed at any time during the voting in the British Parliament, and the pound continues to face the downside risk. If the Brexit agreement was rejected this week, the UK could not extend the Brexit deadline, nor did it make a second referendum, which affected the pound's decline. Technically, 1.3020 can be used as a long and short watershed. The development of the matter is good or bad, and it is decided that the pound will go up and down the 1.3020 against the US dollar. Keep in mind that the current situation in Brexit is grim, the volatility of the pound is widening, and risks must be paid attention to.

USDCHF
1.0125/1.0145 resistance
1.0085/1.0065 support
US retail sales rose, and it is expected that the important US inflation data tonight, the consumer price index will also rise, short-term negative Swiss francs. Technically, the USD/CHF has the opportunity to test the 1.0145 resistance after testing 1.0125, and the reference support is 1.0085 or 1.0065. It is recommended to pay attention to the Brexit discussion and voting results, paying attention in the Swiss franc.

USDJPY
111.45/111.65 resistance
110.85/110.65 support
US retail sales rose, and it is expected that the important US inflation data tonight, the consumer price index will also rise, short-term negative yen. In addition, a US presidential spokesman said that the Sino-US trade deal will continue to be discussed and that the first meeting of the US dollar will be signed. The US Dow and the Japan Nikkei Index rebounded respectively, boosting the dollar against the yen. Of course, the current risk of Brexit exists in the UK. If the market is nervous again, the USD/JPY will likely enter the 110 level again.

AUDUSD
0.7080/0.7095 resistance
0.7050/0.7035 support
A US presidential spokesman said that the Sino-US trade deal will continue to be discussed and that the first meeting of the US dollar will be signed. The news helped to promote the prospects of China-Australia trade and raised the Australian dollar. Technically, the Australian dollar rebounded to 0.7080, which is 38.2% of the recent rebound of the Australian dollar against the US dollar, while the recent 0.7095 is the recent high point, which is worthy of attention. Of course, the US consumer price index tonight is quite important. If the price index rises sharply, it will probably be negative for the Australian dollar.

NZDUSD
0.6860/0.6875 resistance
0.6820/0.6805 support
The Sino-US trade deal will continue to be discussed and the agreement will be signed after their meeting. The news boosted the Australian dollar and indirectly increased the New Zealand dollar. Technically, the New Zealand dollar rebounded to 0.6840, which is 61.8% of the recent rebound. The rebound wave is 0.6060 as the recent high point, which is worthy of attention. Of course, the US consumer price index tonight is quite important. If the price index rises sharply, it will probably be a negative for the New Zealand dollar. Technically, 0.6820 and 0.6805 are reference support respectively.

USDCAD
1.3420/1.3440 resistance
1.3365/1.3345 support
The dollar fell against the Canadian dollar, representing the rise of the Canadian dollar. The reason for the rebound in crude oil futures prices. If the performance of the US consumer price index improves tonight, and the price index rises sharply, representing the increase in consumer power and crude oil demand, crude oil prices will have an opportunity to rise. It is expected that the US dollar will drive against the Canadian dollar. Technically refer to 1.3365 or 1.3345 support and 1.3420 or 1.3440 resistance.

EURGBP
0.8580/0.8620 resistance
0.8475/0.8440 support
This week the British Parliament is preparing to vote on the Brexit deal, and the Brexit deal may be rejected. But there was also good news during the period to increase the volatility of the EURGBP. It is recommended to pay close attention to the news of Brexit, to dominate the trend in the pound, affecting the euro against the pound. When investing in the euro against the pound, you must pay attention to large fluctuations.

EURCHF
1.1365/1.1350 resistance
1.1315/1.1300 support
There is good news in Brexit deal, and the euro is rising against the Swiss franc. However, the market is watching the results of discussions and voting in the UK Brexit deal in the next two days. It will change at any time. It is recommended to pay close attention to the news of the Brexit and the performance of the Euro, and affect the fluctuation of the EURCHF. Please pay attention.

XAUUSD
1298/1301 resistance
1288/1286 support
The US consumer price index coming tonight is quite important. If the price index rises sharply, it means that US inflation is heating up. The Fed may also change its view of suspending interest rate hikes and become an excuse that short gold. In addition, the Brexit deadline is imminent, risk sentiment is always on the rise, and the reasons for risk aversion can also push up gold. If the above risks cannot be resolved in the short term, it is estimated that the price of gold will probably push up to $1310. Current support is available at $1,288 and $1,286.

US crude oil futures:
57.55/57.80 resistance
55.55/55.05 support
US retail sales growth was better than expected, and the market expects the US consumer price index to grow also tonight, bullish on crude oil. Technically, focus on the resistance of 57.55 and 57.80, and the support level can be noticed within the $55 range. If the $55 falls, it refers to last week's low of $54.49.

US Dow Jones Industrial Index Futures US30
25885/25960 resistance
25570/25480 support
The US retail sales data improved, the development of Sino-US trade deal has been a success, and the news boosted the Dow's sharp rebound. However, the risk of Brexit is approaching and investment sentiment is nervous, and it is estimated negative impact on the stock market again. Technically, the US Dow is in the downward development cycle and has the opportunity to test low support. In the short term, pay attention to important resistances, which are 25885 and 25960 respectively.

BTCUSD:
3680 / 3520 support
3925 / 4050 resistance
The US retail sale data improved, the market has confidence to forecast the inflation data coming tonight, the bitcoin stand back a bit and limited the price rise. Keep in mind, if USD strengthen Bitcoin weakness. If the dollar depreciation that will be pushed up the price of bitcoin. Because the market still has no confidence and interest to trade cryptocurrencies very much . US3925 and US4050, it seems the resistance.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today
The US announced that the consumer price index was moderate in February, and the market believes that the Fed’s interest rate hike that will remain cautious. At the same time, US inflation expectations are still lower than the current interest rate of 2.25%, the space for interest rate hikes is limited, and limited the dollar in short term growth. Earlier, it was reported that the Fed is still expected to consider raising interest rates at least once in the second half of the year. The US President also expects US economic growth in the US budget. Compared the other countries, they are currently no consideration of tightening monetary policy or raising interest rates, and the economic outlook is pessimistic, so investors generally support investment in dollar assets. If the US continues to maintain moderate economic growth and monetary policy tends to tighten, it is believed that the dollar can remain strong against major currencies.
The British parliamentarians vetoed the draft of the new Brexit agreement submitted by Prime Minister. Today, the British Parliament will discuss the second referendum issue and draft a postponement of the Brexit deadline, and vote for the final choice on Thursday afternoon. Brexit deadline is approaching less than three weeks, the UK faces a variety of anxiety and risks, which will bring different risks to the European currency. It is estimated that the European currency is likely to face downside risks. It means the pound has fallen from a high level and returned to 1.30. As risk aversion heats up, gold and the yen will likely be chased again. The price of gold first hit $1,300. If the European problem is approaching, can the Swiss franc become a safe haven for European currency, and it will be quoted at any time this week. It is recommended that pay attention to risk management, capital and position control.

Today's suggestion:
EURUSD
1.1300/1.1320 resistance
1.1250/1.1230 support
The euro zone will release industrial production data for January, and the market is expected to grow, with a bullish euro. US durable goods orders and production price index at night. The production price index is relatively important, and it is expected that prices will increase from last month, which is more bullish. It can be expected that in the early European trading hours, the performance of the euro is expected to be good, but after entering the US trading hours in the evening, if the dollar rises, the euro may be down. And at night, the euro may be affected by the Brexit news, and must pay attention to trading risks. Technically, the resistance of 1.1300 and 1.1320 is 85.2% and 100% of the recent rebound. If there is no breakthrough and weak, please refer to 1.1250 and 1.1230 support.
GBPUSD
1.3130/1.3150 resistance
1.3020/1.3000 support
Beijing time this morning, the British Parliament vetoed the new Brexit agreement. Before the vote, the pound volatility and closed down. It is expected that the pound will continue to face the downside risk. In the next two days, the UK will face the second Brexit referendum or postpone the Brexit deadline. It is expected that the pound will temporarily fall before the results are announced. Technically, 1.3020 is a water mark. Keep in mind that the current situation in Brexit deal, the volatility of the pound is widening, must be paid attention.
USDCHF
1.0100/1.0125 resistance
1.0050/1.0025 support
The important US consumer price index is in line with expectations, the performance is moderate, the US dollar eases the strength, the Swiss franc is bullish, following the euro. The market expects the euro zone data growth in the evening and is also the reason for supporting the Swiss franc. Technically, the US dollar still has a chance to test the 1.0125 resistance against the Swiss franc, mainly for two reasons. The first risk of Brexit will increase. The second euro performance will be affected by the decline in the Eurozone data or the strong US economic data. The short-term Swiss franc is expected to remain strong, with reference to support at 1.0050 or 1.0025. It is recommended to pay attention to the Brexit deal and voting results, pay attention to the fluctuation of the Swiss franc.
USDJPY
111.35/111.45 resistance
110.85/110.70 support
In this evening, the US production price index is expected to grow, and negative the yen. The risk of Brexit in the short term may affect the US Dow and Japan's Nikkei index, respectively, and the USD/JPY has a chance to fall simultaneously. If the global stock market is tight, the USD/JPY will likely enter the 110 level again.
AUDUSD
0.7080/0.7095 resistance
0.7050/0.7035 support
The Sino-US trade deal will continue to be discussed, prospects of China-Australia trade and raised the Australian dollar. Yesterday the Australian dollar rebounded to 0.7090, which is higher than the expected rebound of 38.2%, but did not break the recent high of 0.7095. Of course, the performance of the US consumer price index last night was also related. At present, the US dollar is expected to remain strong, which may be negative the Australian dollar and pay attention to lowering the risk. The first target is 0.7050 and 0.7035.
NZDUSD
0.6860/0.6875 resistance
0.6820/0.6805 support
Technically, the New Zealand dollar has rebounded, above 0.6860 for the recent high. The US consumer price index is moderate, and it is expected that US data will be more bullish dollars tonight. If the production price index rises sharply, it will likely expand the New Zealand dollar downward. Technically, 0.6820 and 0.6805 are reference support respectively.
USDCAD
1.3390/1.3410 resistance
1.3365/1.3345 support
US crude oil inventories fell sharply, and crude oil futures prices rebounded, with a bullish Canadian dollar. If the performance of the US production price index improves tonight, increasing the crude oil demand, and the opportunity for crude oil prices to rise again, it is expected to benefit the Canadian dollar. The USDCAD is expected to continue its downward trend. Technically, the first support as 1.3365 in the near future is expected to be extended. If crude oil prices fall, the USDCAD will likely break through the resistance of 1.3410.
EURGBP
0.8680/0.8720 resistance
0.8575/0.8530 support
Vetoed the Brexit deal, the pound fell, while the euro and the pound volatility. It is recommended to pay close attention to the news of Brexit and to dominate the trend in the pound, which will affect the sharp fluctuation of the EURGBP. When investing in the EURGBP, must pay attention to large fluctuations.
EURCHF
1.1375/1.13590 resistance
1.1335/1.1310 support
Vetoed the new draft of Brexit. The market waited for the next two days in the UK to vote for the second referendum and postpone the Brexit. The outcome of the discussion was important, and it also affected the fluctuation of the EURCHF. Please pay attention.
XAUUSD
1298/1296 support
1308/1310 resistance
US inflation data is moderate, and the Fed is expected to remain patience and delay the rate hike. In addition, the deadline for Brexit is imminent, risk sentiment on, pushing up the price of gold. Recently, here pointed out that it is impossible to lift the risk. It is estimated that the price of gold will probably rise to $1310. Now the market is facing the risk of Brexit and it is expected to approach this position. However, after the price of gold rises sharply, there is an opportunity to adjust. It is recommended that pay attention to the reverse risks.
US crude oil futures:
57.55/57.80 resistance
55.55/55.05 support
US retail sales growth was better than expected, US consumer price index increased, and crude oil prices. From the substantial reduction in the amount of crude oil inventories in the United States, the reason for the rise in crude oil prices can be found. The crude oil supplier plans to production cut, and the news will help support the the crude oil prices. Technically, focus on the 57.55 and 57.80 resistance, and the important support level can be noted within the $55.
US Dow Jones Industrial Index Futures US30
25685/25760 resistance
25280/25105 support
Regardless of the growth of US economic data, but in the face of the risk of Brexit and time approaching, investment sentiment is nervous, it is estimated that it will continue to bear negative stock market performance. Technically, the US Dow is in the downward cycle and has the opportunity to test low support. In the short term, pay attention to important resistances, which are 25885 and 25960 respectively. Technically, the trend began to decline, it is recommended to lower the resistance level at the same time, respectively, 25685 and 25760 resistance.
BTCUSD:
3780 / 3680 support
3925 / 4050 resistance
The US retail sale data improved, and the inflation data moderated, the dollar fell a bit that pushed up the price of bitcoin. The bitcoin seems supported around US3700. However the market still has not covered the confidence and interest to trade cryptocurrencies very much . Probably, US3925 and 4050 which are resistance.
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.

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

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

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

 

[Kelly Yeung]

Personal opinions today
The British Parliament vetoed the no deal to leave the European Union, and the pound rose. Tonight, the British Parliament will discuss the referendum issue postponement pushed back the Brexit deadline. It is expected that the final choice will be made tomorrow morning. The pound is expected to fluctuate in a narrow range in the early days of trading in the European and US markets. Before and after the vote tomorrow morning, the sterling and euro volatility widened.
The Fed said that the current economic performance is moderate and there is no intention to speed up the interest rate hikes, bringing the US Dow to rise. The dollar fell against major currencies, and the price of gold once tested $1311. The market waits for the United States to announce the number of initial jobless claims, import prices and new home sales data tonight. If the data is positive for the US dollar, the US dollar is expected to rise against the major currencies, and the gold price may test the low. Crude oil prices are expected to keep rising. Investors can be used as a reference.

Today's suggestion:
EURUSD
1.1335/1.1355 resistance
1.1305/1.1285 support
The Brexit veto has no agreement to leave the EU, reducing the risk of falling euros, and the euro is supported. In the afternoon, Germany and France in the Eurozone announced important inflation data for February, CPI. If the CPI result over market expectations, the euro is expected to rise. As the ECB has previously assessed the economic growth of the Eurozone and the expected decline in inflation, if the CPI only reached the expectations or falls, the Euro has the opportunity to test 1.1285 support. In addition, the US is releasing the number of initial jobless claims, import prices and new home sales data tonight, and the market is watching. If the data is positive, and the US dollar is bullish, the euro is expected to test support first. Tomorrow morning, please pay attention to the latest voting of the British Parliament.

GBPUSD
1.3305/1.3335 resistance
1.3240/1.3210 support
The British parliament vetoed a no deal to leave the EU, avoiding the possibility of a hard Brexit, the pound rose, once tested 1.3380. The British Parliament will discuss and vote for the referendum and pushed back the deadline. Before the results were announced, it was estimated that the pound continued to pushed back the decline. If the result will come between 3 am and 4 am tomorrow morning. The only concern is that the UK has chosen to leave the European Union for a long time and will be strongly opposed by the EU, which in turn will affect the pound. Technically, the short-term reference is 1.3210 support. If it falls below the support, it may test 1.3150 or 1.3080. In addition, the US is releasing the number of initial jobless claims, import prices and new home sales data tonight, and the market is watching. If the data is positive, positive the dollar, the pound is expected to test support first. Tomorrow morning, please pay attention to the UK voting of the Brexit deal.

USDCHF
1.0080/1.0125 resistance
1.0025/0.9980 support
The US inflation data remained moderate, the consumer price index was in line with expectations, the US dollar eased its strength, continued to benefit the European currency, and supported the Swiss franc. Technically, the US dollar against the Swiss franc once tested 1.0025 support and then stopped. The short-term expectation of the Swiss franc is expected to remain strong, but it must be noted that the United States released data performance tonight. If the data shows an increase, the dollar has a chance to rise against the Swiss franc. In addition, it is recommended to pay attention to the Brexit deadline discussion and voting results, pay attention to European currency direction, and indirectly affect Swiss franc.

USDJPY
111.50/111.65 resistance
110.85/110.70 support
US inflation data is moderate, and the market is also looking forward to the completion of the Sino-US trade deal at the end of the month. The Dow Jones and the Nikkei index are rising, leading the dollar to rise against the yen. Of course, the short-term UK Brexit risk still concerned, which may affect the US Dow and Japan's Nikkei index, respectively, and the USD/JPY has a chance to fall. If risk on and the global investors nervous, the USD/JPY will likely enter the 110 level again. Technically, it can refer to the recent resistance of 111.50 and 111.65.

AUDUSD
0.7080/0.7095 resistance
0.7050/0.7035 support
US inflation is moderate, with the dollar fell, and the AUD rise. But under the good news, the AUD failed to test 0.7090 twice. If the US data is good tonight, the dollar strength, which may be bearish the AUD. For the firs target support, refer to 0.7050 and 0.7035.

NZDUSD
0.6860/0.6875 resistance
0.6820/0.6805 support
US inflation has been moderate, and the NZD has risen again as the dollar has fallen. Unfortunately, the NZD failed to break the 0.6860 resistance twice. If the US data is good tonight, the dollar strength and will likely be negative for the New Zealand dollar. Technically, reference can be made to 0.6820 and 0.6805 support.

USDCAD
1.3335/1.3365 resistance
1.3260/1.3235 support
US API and EIA crude oil inventories showed a significant decrease, crude oil futures prices rose, indirectly favours Canadian dollars. Crude oil prices upward trend. It is expected to continue to benefit the Canadian dollar. The USDCAD is expected to continue below the moving average and take the trend. Technically, the adjustment wave is 61.8%, and 1.3260 can be the first target.

EURGBP
0.8600/0.8635 resistance
0.8510/0.8475 support
Vetoed the Brexit without agreement, bringing the euro to the pound volatility. It is recommended to pay close attention to the next deal of Brexit and to dominate the trend in the pound, which will affect the sharp fluctuation of the EURGBP. When investing in the EURGBP, suggesting that must pay attention to volatile.

EURCHF
1.1380/1.1395 resistance
1.1335/1.1310 support
The Brexit in the UK plagued the euro. The euro is trading in a narrow range against the Swiss franc. The United Kingdom vetoed without agreement to Brexit. Next, they will vote the second referendum and the pushed back the Brexit tomorrow morning. Assuming it will affect the volatility of the euro against the Swiss franc. Please pay attention.

XAUUSD
1308/1311 resistance
1300/1296 support
US inflation data is moderate, and the Fed is expected to remain patience and delay the rate hike. In addition, the Brexit deadline is imminent, risk sentiment is on the rise, the risk-avoiding reasons, pushing up the price of gold, the gold price has been tested for 1310 US dollars last night. Now, the UK has avoided the risk of hard Brexit, the price of gold callback. If the price of gold rises again, it could test the important resistance, 1308 and 1311.

US crude oil futures:
58.75/59.20 resistance
57.55/57.05 support
The US API and EIA crude oil inventories have decreased significantly, and the reduction of production plans in Saudi Arabia have become the cause of rising crude oil prices. The above new supportein the crude oil prices up. Technically, pay attention to the support of 57.55 and 57.05 when reversed. If break the important support level, it could be test, $55.

US Dow Jones Industrial Index Futures US30
25760/25885 resistance
25280/25105 support
The US economic data has growth but slowly, Sino-US trade deal have progressed well, the risk of hard Brexit in the UK has decreased, and investment sentiment has been improved, which is good for Dow Jones and other global stock market. Technically, the US Dow Jones rebounded. However, there is still no breakthrough in the important resistance 25885 inlast two days. Technically, there is still a chance to downward. It is recommended to pay attention during the UK Brexit discussion and voting results tomorrow morning. If pushed back the Brexit is not resolved, and risk on, which may affect the performance of the Dow Jones.

BTCUSD:
3780 / 3680 support
3925 / 4050 resistance
The US inflation data shown moderated, the dollar fell a bit that pushed up the price of bitcoin. The bitcoin seems supported between US3780 and US3680. However the market still has not covered the confidence and interest to trade cryptocurrencies very much . Probably, US3925 and 4050 will limited the price.

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 voted to postpone the deadline for the Brexit, avoiding the deadline for the Brexit deadline on March 29, and leaving the EU without agreement. Nevertheless, the UK must explain to the EU as soon as possible the reapostponement push back the Brexit deadline. The European Parliament will be held next Thursday. The parliament will discuss the extension of the Brexit deadline and seek the support of all EU countries members agree before extending the deadline and time. It is expected that this week, if there is no news to boost the pound or the euro, it is expected that the pound and the euro will stop rising up further, limited pound and euro respectively.

Market risk sentiment cooled down, global stock market good, gold, silver, and the yen fell. Global economic risks of, commodity and related currencies have been supported.

The Bank of Japan announced the interest rates decision this morning, expecting interest rates remain unchanged and monetary policy to remain loose. However, in the afternoon, Bank of Japan Governor Haruhiko Kuroda held a press conference, and the market watched the outlook on Japan's economy and monetary policy. In the evening, the Eurozone announced the February CPl (Consumer Price Index). In the evening, Canada and the United States respectively released manufacturing data, which is worth noting. In addition, US industrial production in February and the University of Michigan consumer confidence index in March are worthy of attention. The performance may affect in the US dollar index, indirectly affecting major currencies against the US dollar and gold prices.

Today's suggestion:

EURUSD
1.1320/1.1335 resistance
1.1280/1.1265 support
The United Kingdom avoids leaving the EU when it is not agreed, and reduces the risk of falling euros and supports the euro. In the afternoon, the Eurozone announced the February CPI. The market has already expected the CPI monthly rate to rise and the annual rate remains unchanged. It is estimated that the euro will be supported before the announcement, but after the announcement, look at the US economic data tonight, and the dollar will lead the euro. Technically, the euro has a downward opportunity, and it is recommended to focus on the first target of 1.1280 or 1.1265 support.

GBPUSD1.3305/1.3335 resistance
1.3240/1.3210 support
Extend the Brexit deadline to avoid the risk of a hard break from the end of the month, and the pound continued to postpone the deadline. Next week, the British Prime Minister will again submit a new Brexit agreement, and also apply to the EU to extend the Brexit deadline. It is expected that investors will have psychological uncertainty and negative impact on the pound. Technically, refer to 1.3210 support in the short term. If it falls below the support, it will probably test 1.3150 or 1.3080. The US economic data as important tonight, it is worthy of attention and lead the pound going.

USDCHF 1.0050/1.0075 resistance
1.0025/0.9990 support
The euro is generally good, and supports the Swiss franc. Technically, the USDCHF has the opportunity to test the support of 1.0025. The Swiss franc is expected to remain strong on the move, but it must be noted that the US has released data tonight. If the data shows better performance that before, the dollar will rise and the USDCHF fall. In addition, it is recommended to keep update the Brexit news, pay attention to the fluctuation of the pound and the euro, it will indirectly affect the Swiss franc.

USDJPY112.05/112.35 resistance
110.85/110.70 support
Push back the deadline for the Brexi, reducing the market risk. The Sino-US trade agreement was progressing. China and US seems close the deal. All good news supported the Dow and the Nikkei up, leading the dollar to rise against the yen. Today, the Bank of Japan’s interest rate decision, the most important afternoon, the Bank of Japan governor’s speech. Monetary policy and economic outlook focus on the performance of the yen. If any negative news affects, it may affect the US Dow and Japan's Nikkei index fall, the dollar against the yen has a chance to fall as well.

AUDUSD 0.7080/0.7095 resistance
0.7050/0.7035 support
Inflation in the United States was moderate, and the US dollar was postponed, with a bullish Australian dollar. The Sino-US trade deal seems going well, it is only finalized after confirming the meeting time and signing the agreement. The news helped promote Australia's trade and economic development and supported the Australian dollar. However, the Australian dollar failed to test 0.7090 again, and the Australian dollar may have a deep adjustment against the US dollar. If the US data is good tonight and the dollar regains its strength, it will probably be negative for the Australian dollar. For the first target support, please refer to 0.7050 and 0.7035.

NZDUSD
0.6860/0.6875 resistance
0.6810/0.6790 support
At present, the Australian dollar and New Zealand dollar trend and rhythm are similar, the Australian dollar rises to test the resistance, while the New Zealand dollar rises also, testing the resistance. If the New Zealand dollar rebounded to 0.6860 and failed. The market may not be able to go upstream. If the US data is good tonight, the dollar will regain its strength and it will likely be a negative for the New Zealand dollar. Technically, reference can be made to 0.6810 and 0.6790 support.

USDCAD
1.3345/1.3365 resistance
1.3290/1.3275 support
The OPEC and Russia announced that they will maintain production cuts until April, and crude oil prices will continue to rise, indirectly benefiting the Canadian dollar. Although the US dollar is moving better, the Canadian dollar is adjusting. Technically, the adjustment wave can remain below 1.3365, and the US dollar against the Canadian dollar is still expected to continue to fall. Of course, the price of crude oil will rise, and the US dollar against the Canadian dollar may test 1.3290 or 1.3275.

EURGBP
0.8600/0.8635 resistance
0.8510/0.8475 support
The British Parliament vetoed the Brexit without agreement and extended the Brexit deadline, bringing the euro to stabilize against the pound. It is recommended to pay close attention to the news of Brexit and to dominate the trend in the pound, which will affect the sharp fluctuation of the euro against the pound. When investing in the euro against the pound, please pay attention to large fluctuations. Technically, it is temporarily estimated that the euro has a chance to test resistance at 0.8600 or 0.8635 against the pound.

EURCHF
1.1380/1.1395 resistance
1.1335/1.1310 support
The Brexit incident has temporarily subsided, and next week the British Prime Minister will submit a new plan and the EU will extend the Brexit deadline. The EURCHF is currently at a normal level and narrow range. Technically, refer to 1.1380 or 1.1395 resistance and 1.1335 or 1.1310 support.

XAUUSD
1297/1310 resistance
1290/1287 support
The Brexit incident has temporarily subsided, and next week the British Prime Minister will submit a new plan and the EU will extend the Brexit deadline. Now that the UK has avoided the risk of hard Brexit, gold prices are expected to continue to fall. Of course, the US Dow's downside risk and the central bank's loose monetary policy may stimulate gold prices to rise, and test the important resistance of 1297 and 1310. At present, if the gold price trend is technically adjusted, the support level can refer to 1290 and 1287.

US crude oil futures:58.75/59.20 resistance
58.05/57.55 support
The US API and EIA crude oil inventories have decreased significantly, and the reduction of production plans and economic risk factors in Saudi Arabia and Russia have become the cause of rising crude oil prices. The above news will help support the rise in oil prices. Technically, please pay attention to the support of 58.05 and 57.55. If break the support, look forward to the important support level of the test, $55.

US Dow Jones Industrial Index Futures US3025760/25885 resistance
25280/25105 support
The US economic data has grown, Sino-US trade consultations have progressed well, the risk of hard Brexit in the UK has decreased, and investment sentiment has been improved, which is good for stock market performance. Technically, the US Dow rebounded at a low level. However, there is still no breakthrough in the important resistance 25885 in the short term. Technically, there is still a chance to downward. It is recommended to pay attention in the discussion and voting results of the British Parliament tomorrow morning. If the delay in the postponement of the Brexit period is not resolved, the risk sentiment will increase, which may affect the performance of the Dow.

BTCUSD:3780 / 3680 support
3925 / 4050 resistance
The US inflation data shown moderated, the dollar fell a bit that pushed up the price of bitcoin. The bitcoin seems supported between US3780 and US3680. However the market still has not covered the confidence and interest to trade cryptocurrencies very much . Probably, US3925 and 4050 will limited the price.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today
On Thursday, the British House of Commons voted again on the British Prime Minister to submit a new Brexit amendment. If it is rejected again, the Prime Minister must extend the deadline for the European Union to leave the European Union on March 29. Earlier, the EU said that if EU member states accept the UK's request to postpone the deadline, the deadline can be delayed until June 30.

Market risk sentiment cooled, and global stock markets made good. The general international gold and silver prices, as well as the yen, have fallen. However, this week, the FOMC held a meeting on interest rates decision on Wednesday afternoon in the US local time, on Thursday morning Asia time . The market expects the Fed to keep interest rates unchanged, but whether monetary policy will be changed from a prudent assessment of interest rate hikes to stop raising interest rates or considering interest rate cuts will be of great significance to the market and investment. Before the market waits for the Fed to announce the content of the monetary policy meeting, the market estimates that the Fed does not intend to tighten monetary policy, the dollar trend has a weaker chance, may be more bullish against the dollar's major currency and international gold prices, and indirectly support the silver price and crude oil price .

On Thursday morning, the British House of Commons will vote the Brexit for the third time in the House of Commons. The announcement time may be similar to the announcement of the Fed’s interest rate decision. On Thursday night, the Bank of England announced the interest rate and monetary policy. Investors are advised to remain cautious on Wednesday and focus on market volatility.

Today's suggestion:
EURUSD
1.1335/1.1350 resistance
1.1300/1.1285 support
The euro zone announced the January trade account today. The market expects no surprises, similar to the previous figures. Moreover, if the results of the data are not significantly different, the impact on the currency is low. The market may be more concerned about the outcome of the Eurozone economic sentiment index and UK job data tomorrow. Technically, the short-term euro has a downward adjustment opportunity, but it is estimated that the Fed’s monetary policy orientation has limited space for the euro to fall. It is recommended to focus on the initial target of 1.1300 or 1.1285 support.

GBPUSD
1.3335/1.3360 resistance
1.3240/1.3210 support
The risk of hard Brexit in the UK temporarily decreased, and the pound rebounded. The market is waiting the British Prime Minister submit the new Brexit bill again, and apply to the EU for the extension of the Brexit time. It is expected that there will be uncertainties in the investor's mind and will have a negative impact on the pound at any time. Tomorrow, the UK announced job data and the Bank of England’s interest rate on Thursday, and these factors may fluctuate for the pound. Technically, refer to 1.3210 important support, 1.3360 important resistance. If it falls below the support, it will probably test 1.3150. In the face of the risk of Brexit in the UK, it is estimated that the resistance of 1.3360 is very important.

USDCHF
1.0050/1.0075 resistance
1.0010/0.9985 support
The dollar is weak, the euro is rising, and the Swiss franc is supported. Technically, the US dollar against the Swiss franc reached 1.0025 support, and may temporarily test the 1.0010 or 0.9985 support level. In terms of technical trends, the Swiss franc is expected to remain strong, but it is recommended to keep abreast of the Brexit news, pay attention to the pound and euro fluctuations, believe that the trend of the pound and the euro will indirectly affect the Swiss franc.

USDJPY
111.70/111.85 resistance
111.45/111.30 support
The UK will leave the European Union on March 29 and is expected to temporarily ease its market risk. The Sino-US trade agreement is expected to make progress, which will help the Dow and the Nikkei index rise respectively, and is expected to lead the dollar to rise against the yen. The Bank of Japan’s interest rate decision and the statement of the Bank of Japan’s governor’s speech, Japan’s monetary policy and economic outlook remained stable, the target 2% inflation has not yet been reached, the loose monetary policy can continue to be extended, and the yen’s trend is difficult to strengthen. It is currently expected to look at the narrow range of the USD/JPY and wait for a breakthrough.

AUDUSD
0.7095/0.7115 resistance
0.7060/0.7045 support
Inflation in the United States was moderate, and the US dollar was postponed, with a bullish Australian dollar. The Sino-US trade agreement continues to be discussed and progress has been good. Technically, the Australian dollar once again tested 0.7090. However, if the test fails again, the Australian dollar may be adjusted against the US dollar. Currently, you can refer to 0.7060 and 0.7045 support. If the breakout is possible, there will be a deep adjustment.

NZDUSD
0.6855/0.6870 resistance
0.6810/0.6790 support
The trend of the Australian dollar and New Zealand dollar are similar. The Australian dollar's rising momentum is lacking. At the same time, the resistance of the New Zealand dollar has not been successful. After failing to test 0.6860 again, it is estimated that the market may not be able to go upstream. If the dollar regains its strength at the beginning of the week, it will likely bearish the New Zealand dollar. Technically, reference can be made to 0.6810 and 0.6790 support.

USDCAD
1.3365/1.3385 resistance
1.3310/1.3290 support
The OPEC announced that it will maintain a production cut plan this year. On the Russian side, it also intends to extend the production reduction plan and announce the decision later. These messages support the rise in crude oil prices and indirectly benefit the Canadian dollar. Technically, the US dollar against the Canadian dollar can remain below 1.3365 in the adjustment wave, and the US dollar against the Canadian dollar is still expected to continue to fall. If the price of crude oil further rises, the US dollar against the Canadian dollar may test 1.3290 or 1.3275 support.

EURGBP
0.8510/0.8475 support
0.8570/0.8600 resistance
The British parliament vetoed the Brexit without agreement and extended the Brexit deadline. The pound strengthened and the euro down against the pound. At present, the technology is not changed. It is recommended to keep an eye on the news of Brexit and to dominate the trend in the pound, which will affect the fluctuation of the EURGBP. When investing in the EURGBP, must pay attention to large fluctuations. Technically, it is temporarily estimated that the EURGBP has a chance to consolidate at 0.8510 or 0.8475, and the market outlook is expected to test 0.8600 resistance.

EURCHF
1.1335/1.1310 support
1.1380/1.1395 resistance
The Brexit incident has temporarily subsided, and this week the British Prime Minister submitted a new plan and the EU will extend the Brexit deadline. The EURCHF is currently at a normal level and fluctuates in a narrow range. Technically, reference can be made to 1.1335 or 1.1310 to support internal consolidation.

XAUUSD
1303/1306 resistance
1296/1293 support
The Brexit incident has temporarily subsided, and this week the British Prime Minister submitted a new plan and the EU will extend the Brexit deadline. Now that the UK has avoided the risk of hard Brexit, XAU are expected to fall. However, on Thursday, the FOMC meeting, the market estimated that the Fed will continue to loose monetary policy, which may stimulate the price of gold, can refer to the resistance of 1303 and 1306. If XAU break the resistance, it can refer to the resistance of 1310. At present, if the XAU trend is technically adjusted, the support level can refer to 1296 and 1293.

US crude oil futures:
58.75/59.20 resistance
58.15/57.75 support
Last week, the US API and EIA crude oil inventories fell sharply. The OPEC’s countries agreed to reduction plan and have already implemented it, which is the reason for the rise in crude oil prices. The market is watching the API and EIA crude oil inventory report on Wednesday. The short-term may hinder the rise in crude oil prices. Technically, if the price adjustment, focus on $58.15 and $57.75 support, if the support is broken, look forward to the important support level at $56.

US Dow Jones Industrial Index Futures US30
25920/26085 resistance
25680/25455 support
US economic data is expected to grow, driving inflation, improving investment sentiment and boosting stock market performance. In addition, FOMC meeting this Thursday, the market generally expects the Fed to keep interest rates unchanged, but also hope to bullish the US Dow. Of course, if the market concerned about the uncertainty of the Brexit in or the Sino-US trade deal, the risk sentiment will heat up and affect the performance of the Dow.

BTCUSD:
3780 / 3680 support
4050 / 4125 resistance
The US inflation data shown moderated, FOMC meeting coming this Thursday morning, the dollar fell that pushed up the price of bitcoin. The bitcoin keep supported between US3780 and US3680. Probably, US4050 and US 4125 will limited the price of bitcoin, maybe the price reversed after the FOMC meeting this week.

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 House of Commons of the British Parliament will vote on the revised draft of the Brexit submitted by Prime Minister on Wednesday afternoon London time. However, if the new draft is the same as last week, the opposition members will veto again. Then, the Prime Minister will be required to extend the original deadline for the March 29 deadline to the European Parliament, and the relevant reasons must be submitted for the EU to accept the extension of the deadline application. If finally, the EU accept the application, the deadline may be postponed until June 30. By this uncertainty, the pound may be stabilize above 1.32. However, the draft was rejected and the EU did not accept the extension of Brexit. The UK was forced to leave the European Union within a time limit, which increased the chances of the pound falling.

Another focus this week is during Asian time, and the Fed announced the interest rate decision on Thursday morning. The market expects the Fed to keep interest rates unchanged, but whether monetary policy and contraction time will change is the focus and affects the global economy and financial investment product prices. Before the market waits for the Fed to announce the content of the monetary policy meeting, it is estimated that the Fed does not intend to tighten monetary policy, the dollar trend has a weaker, may be bullish against the dollar's major currency and international gold price, and indirectly support the silver price and crude oil price rise.

Today's suggestion:

EURUSD
1.1355/1.1370 resistance
1.1315/1.1300 support
The market is concerned about the results of the Eurozone economic sentiment index and the UK job data today. The market estimates are still weak and there is no significant growth. The euro has a downward adjustment. However, after the data is released, due to the Fed's monetary policy orientation, it may not only make the euro's downside limited, but also have a chance to rise. It is recommended to focus on the initial target of 1.1300 support and 1.1370 resistance in the short term.

GBPUSD
1.3285/1.3315 resistance
1.3240/1.3210 support
The British Parliament may veto the Prime Minister’s resubmission, and the EU may also veto Britain’s extension of the Brexit deadline and increase the risk of hard Brexit. Investors are expected to have psychological uncertainty and negative effects on the pound. Today, the UK publishes job data and tomorrow's Bank of England interest rate decision. These factors may fluctuate for the pound. Technically, refer to 1.3210 important support, 1.3315 important resistance.

USDCHF
1.0040/1.0055 resistance
1.0010/0.9985 support
The dollar is weak, the euro is rising, and the Swiss franc is supported. Technically, after the USDCHF reached 1.0025 to support the breakthrough, the USDCHF temporarily tested the 1.0010 or 0.9985 support level. In terms of technical trends, the Swiss franc is expected to remain strong, but it is recommended to keep abreast of the Brexit news, pay attention to the pound and euro fluctuations, it may believe that the trend of the pound and the euro will indirectly affect the Swiss franc. If USDCHF break the resistance of 1.0055, the dollar has a chance to rise against the Swiss franc.

USDJPY
111.50/111.65 resistance
111.15/110.90 support
The United Kingdom has a deadline to leave the European Union on March 29, and there is uncertainty. The Fed may stop shrinking or consider cut the interest rates in the future. Market risks may heat up, while the dollar weakens and the yen up opportunities. If, in the short term, the Sino-US trade deal has not seen progress, the US dollar fell against the yen, and the test was supported by 111.15 or 110.90.

AUDUSD
0.7115/0.7125 resistance
0.7070/0.7055 support
Inflation in the United States was moderate, the US dollar weaker, with a bullish Australian dollar. The short-term outlook of the market is to suspend the Fed to raise interest rates. The Sino-US trade deal results and supports the Australian dollar. Technically, if the Australian dollar is adjusted, it is expected to test 0.7070 support. If there is no breakthrough support, the Australian dollar has a chance to rise against the US dollar before the Fed’s interest rate decision.

NZDUSD
0.6870/0.6885 resistance
0.6835/0.6620 support
The Australian dollar and New Zealand dollar are similar in pace and rhythm. If the Australian dollar maintains its upward momentum, it is believed that the New Zealand dollar may test resistance at 0.6885. If the New Zealand dollar remains below 0.6860, it is estimated that the market may not be able to rise. When the dollar regains its strength, it will likely reverse the recent trend of the New Zealand dollar and the negative New Zealand dollar. Technically, short-term reference can be made to 0.6835 and 0.6810 support.

USDCAD
1.3365/1.3385 resistance
1.3310/1.3290 support
The OPEC announced that it will maintain a production cut plan this year. On the Russian side, it also intends to extend the production reduction plan and announce the decision later in May. These messages support the rise in crude oil prices and indirectly benefit the Canadian dollar. Technically, the US dollar against the Canadian dollar can remain below 1.3365 in the adjustment wave, and the USDCAD is still expected to continue to fall. If the price of crude oil further rises, the USDCAD may test 1.3290 or 1.3275 support.

EURGBP
0.8520/0.8495 support
0.8575/0.8600 resistance
The British parliament vetoed the Brexit without agreement and extended the Brexit deadline. The pound strengthened and the euro down against the pound. At present, the technology is not changed. It is recommended to keep an eye on the news of Brexit and to dominate the trend in the pound, which will affect the fluctuation of the euro against the pound. When investing in the euro against the pound, you must pay attention to large fluctuations. Technically, it is temporarily estimated that the euro against the pound has a chance to consolidate at 0.8510 or 0.8475, and the market outlook is expected to test 0.8600 resistance.

EURCHF
1.1335/1.1310 support
1.1380/1.1395 resistance
The Brexit incident has temporarily subsided, and this week the British Prime Minister submitted a new plan and the EU will extend the Brexit deadline. The EURCHF is currently at a range. Technically, the reference resistance and support can be made to the consolidation between 1.1335 or 1.1310.

XAUUSD
1306/1309 resistance
1301/1298 support
The market waits for the Fed interest rates decision on Thursday. The market estimates that the Fed will continue to loose monetary policy, which may stimulate the price of gold. Maybe test 1306 and 1309 resistance. If it break through the important resistance of 1310, the trend is expected to continue, and the resistance of 1315 is tested. At present, if the gold price trend is technically adjusted, the support level can refer to 1301 and 1298.

US crude oil futures:
59.25/59.50 resistance
58.15/57.75 support
Last week, the US API and EIA crude oil inventories fell sharply. The OPEC agreed to the production reduction plan and have already implemented it, which is the reason for the rise in crude oil prices. The market is waiting to announce the upcoming API and EIA crude oil inventory report tomorrow morning. The short-term may hinder the rise in crude oil prices. Technically, if the price adjustment can focus on 58.15 and 57.75 support, if the support is broken, look forward to the important support level, $56.

US Dow Jones Industrial Index Futures US
3026005/26155 resistance
25830/25755 support
On Thursday morning Asia time, the Federal Reserve announced the results of the interest rate decision. The market generally expects the Fed to keep interest rates unchanged, and it is also expected to benefit the US Dow. Technically, it has rebounded from the low point of the US Dow, and the important resistance 25885 has broken through in the short term. If the 25755 support can be maintained, the Dow trend is still expected to rise further. However, when the news of the Brexit vote in the British Parliament or the Sino-US trade deal uncertainty, the risk sentiment will heat up, which may affect the performance of the Dow. It is worthy of attention and attention to the adjustment of the Dow.

BTCUSD:
3780 / 3680 support
4050 / 4125 resistance
The US inflation data shown moderated, FOMC meeting coming this Thursday morning Asia time , the dollar fell that pushed up the price of bitcoin. The bitcoin keep supported between US3780 and US3680. Probably, US4050 and US 4125 will limited the price of bitcoin, maybe the price reversed after the FOMC meeting this week.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today
The US President said that trade talks with China are progressing well last night and purpose signed an agreement at the end of April. The news boosts the US Dow. Before the announcement of the interest rate decision, investors will be cautious. The Dow fell 26 points to close market.

The House of Commons of the British Parliament will vote again on the newly revised draft of the Brexit submitted by Prime Minister, if the new draft is the same as last week, the opposition members will veto the draft again. The British Prime Minister must submit to the EU to postponed the deadline with the relevant reasons. If the EU accepts the UK to extend the deadline application, the deadline may be delayed until June 30. At present, the market remains on the sidelines. The trend of the British pound is similar to that of the previous day. It temporarily stabilized above 1.32, but was subject to 1.33 resistance. If the Brexit draft is vetoed tomorrow, and the EU does not accept the UK's postponement of Brexit, the UK may be forced to leave the European Union in the original deadline, which will increase the chance of the pound falling.

Today, the UK announced the February consumer price index and retail price index. The market expects a sharp increase from last month, which is expected to be 0.5% and 0.7% respectively. However, it is expected that UK industrial orders will fall, which may limit the pound's gains. Keep in mind that the Fed monetary policy decisions tomorrow, and the interest rate is expected to remain unchanged. However, the monetary policy orientation is the focus of the market. In addition, it will be announced that the cessation of the debt reduction schedule is also one of the key points. If the policy and the downsizing schedule remain the same, the dollar will have a chance to rebound.

Today's suggestion:
EURUSD
1.1375/1.1390 resistance
1.1335/1.1300 support
The results of the UK data today may indirectly affect the euro, but before the US Federal Reserve meeting and announcement that expected to limit the euro's rise. Technically, the resistance of 1.1375 and 1.1390 is currently the key. If the dollar strengthens then, the euro will have the opportunity to test the support below. Refer the targets 1.1335 and 1.1300.

GBPUSD
1.3285/1.3315 resistance
1.3240/1.3210 support
The British Parliament has the opportunity to veto the Prime Minister’s resubmission of the draft of Brexit. The EU may also veto Britain’s extension of the Brexit deadline and increase the risk of hard Brexit in the UK. Investors are expected to have uncertainty and negative effects on the pound. Today, the UK announced inflation and retail sales data. Tomorrow, the Bank of England monetary policy announcement, it will likely fluctuate for the pound. Technically, with reference to 1.3210 important support, 1.3315 continues to be an important resistance.

USDCHF
1.0040/1.0055 resistance
0.9985/0.9960 support
The market is waiting for the Fed's interest rate decision. Technically, the USDCHF temporarily tested the 0.9985 support level. In terms of technical trends, the Swiss franc is expected to remain strong, but it is recommended to keep abreast of the Brexit news and the Fed's interest rate decision. During this period, pay attention to the fluctuation of the pound and the euro. The trend of the pound and the euro will indirectly affect the Swiss franc. If it break the resistance of 1.0055, the dollar has a chance to rise against the Swiss franc.

USDJPY
111.80/112.05 resistance
111.35/111.10 support
The Fed may stop shrinking or consider cutting interest rates in the future. Market risks have warmed up, the dollar has weakened, and the yen has risen before the Fed’s interest rate decision is coming. Subsequently, the US President said that the Sino-US trade agreement has made progress and it is expected that the agreement will be signed at the end of April, the stock market will rise, and the US dollar will make a good against the yen. At present, attention, 111.80 or 112.05 resistance, after the Fed's interest rate decision, will likely test 111.35 or 111.10 support.

AUDUSD
0.7085/0.7105 resistance
0.7050/0.7035 support
The Reserve Bank of Australia said that the economic outlook remains pessimistic and the Australian dollar is strongly tempered. In addition, the market looks forward to the Fed's interest rate in the short-term, Sino-US trade results, and believes that the Australian dollar will be supported in the short term. Technically, if the Australian dollar is adjusted, it is expected to test 0.7050 and 0.7035 support. If there is no breakthrough support.

NZDUSD
0.6860/0.6875 resistance
0.6815/0.6790 support
The Australian dollar and the New Zealand dollar are in similar trend, and it is believed that the short-term New Zealand dollar is likely to remain. Before the Fed’s interest rate meeting announced the results, the New Zealand dollar may remain below 0.6860, and the uptrend is weak. If the dollar regains its strength, it will likely reverse the recent trend of the New Zealand dollar and the negative New Zealand dollar. Technically, short-term reference can be made to 0.6815 or 0.6790 support.

USDCAD
1.3365/1.3385 resistance
1.3310/1.3290 support
This year, OPEC will maintain its production reduction plan. On the Russian side, it also intends to extend the production reduction plan, and announced its in May. In addition, crude oil inventories continue to decrease, supporting crude oil prices. Crude oil prices have continued to rise, indirectly benefiting the Canadian dollar. Technically, the US dollar against the Canadian dollar can remain below 1.3365 in the adjustment wave, and the US dollar against the Canadian dollar is still expected to continue to fall. If the price of crude oil further rises, the USDCAD may test 1.3290 or 1.3275 support. However, after the Fed’s interest rate decision, the Canadian dollar may be downward .

EURGBP
0.8520/0.8495 support
0.8575/0.8600 resistance
The British Parliament may veto the latest Brexit draft today, and the market expects the UK to apply for an extension of the Brexit deadline. If the news continues, it is expected that the pound will continue to strengthen, the euro down against the pound. At present, the technology is not changed. It is recommended to keep an eye on the news of Brexit and to dominate the trend in the pound, which will affect the fluctuation of the euro against the pound. When investing in the euro against the pound, must pay attention. Technically, it is tentatively estimated that the euro has a chance to consolidate between 0.8520 and 0.8495 against the pound, and the market is expected to test 0.8600 resistance.

EURCHF
1.1335/1.1310 support
1.1380/1.1395 resistance
The Brexit incident has temporarily subsided. Today the British Prime Minister will submit a new proposal to the British Parliament to vote and may apply to the EU for an extension of the Brexit deadline. The euro against the Swiss franc is currently consolidating and fluctuating in a narrow range. Technically, can be refer to the support between 1.1335 or 1.1310 support points. However, it must be noted that the downtrend continues. If the downside of 1.1310 is supported, a stop loss should be considered.

XAUUSD
1309/1311 resistance
1301/1298 support
The market is waiting for the Fed to raise interest rates. The market estimates that the Fed will continue its current loose monetary policy, which has stimulated the rise in gold prices and challenged the previous high of $1311. In addition, the Brexit vote on the vote, the deadline for the Brexit can be extended, there are risks, are bullish the gold prices. If the risk sentiment heats up, it will break through $1311 again, and the trend is expected to continue. The target of the test is reference to the resistance of 1315 and 1318. At present, if the gold price trend is doing technically adjusted, the support level can refer to 1301 and 1298.

US crude oil futures:
59.45/59.80 resistance
58.15/57.75 support
US API and EIA continued to reduce crude oil inventories last week, and OPEC and other related countries respectively supported production reduction plans, which became the reason for the rise in crude oil prices. The market waits for the Fed's monetary policy, and short-term the crude oil prices ease the gains. If the Fed keeps tightening monetary policy, there is a chance that crude oil prices will be lowered. Technically, if the price adjustment, it can focus on 58.15 and 57.75 support, if the support is broken, look forward to the important support level, $56.

US Dow Jones Industrial Index Futures US30
26005/26115 resistance
25755/25670 support
The Fed will announce the interest rate decision. The market generally expects the Fed to keep interest rates unchanged, and it is also expected to benefit the US Dow. But on the eve of the meeting, the investment was prudent and the Dow slowed down. Technically, if the Dow remains above 25,755, the trend is expected to keep rising. At present, the uncertainty of the Brexit vote in the British Parliament and the progress of Sino-US trade talk, risk sentiment can affect the performance of the Dow, it is worthy of attention, it is recommended to keep an eye on the Dow adjustment.

BTCUSD:
3780 / 3680 support
4050 / 4125 resistance
The Federal Reserve’s FOMC meeting coming , the dollar used to fell then pushed up the price of bitcoin. The bitcoin keep supported between US3780 and US3680. However, US4050 and US 4125 will limited the price of bitcoin, maybe the price reversed after the FOMC meeting this week anytime.

Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
Information provided by AT Global Market, Chief Analyst of Asia Pacific: Martin Lam

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

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

 

[Kelly Yeung]

Personal opinions today
The Fed’s interest rate decision kept the interest rate, but said that there is no interest rate hike plan this year. It is expected that the interest rate increase will be only one time next year, in line with market expectations. However, as the Fed does not expect to raise interest rates this year, the US dollar yield fell, the US dollar index also fell. Benefiting the major currencies rose against the US dollar, and the gold price broke through $1315 expected resistance. The euro also broke through recent resistance, to 1.14. Expectations, this morning's Fed policy statement can continue to be reflected in the early trading of the whole Asian trading hours and early Europe trading hours, which means the dollar stills have the chance fall further.
Yesterday, the UK inflation data consumer price index and retail sales rose, in line with expectations. However, in the face of the British House of Commons, veto the newly revised draft of the Brexit submitted by Prime Minister. The Prime Minister must apply to the EU to postpone the deadline for the March 29 deadline to June 30. At present, waiting for discussion at the meeting of the European Parliament today, the market remains on the sidelines. The pound temporarily maintained at 1.32 level, subject to 1.33, seems did not benefit from the fall of the dollar. It is expected that the exchange rate of the British pound will still fluctuate depending on whether the UK can postpone the Brexit before this weekend. In addition, the Bank of England announced its interest rate decision and meeting minutes today. The market is concerned about the central bank's outlook on the future economy and monetary policy orientation.
Today's suggestion:
EURUSD
1.1455/1.1475 resistance
1.1390/1.1370 support
There is no important data released in the Eurozone today. The market is looking at the Brexit extension and the Bank of England monetary policy, which may indirectly affect the euro. As the market is digesting the Fed's interest rate news, the euro may still rise in the short term. The resistance of 1.1390 is broken, the next reference target and resistance are 1.1455 and 1.1475, and the support 1.1370 is used as a reference.
GBPUSD
1.3255/1.3280 resistance
1.3170/1.3145 support
The British parliament vetoed the Prime Minister to submit a motion again. The UK needs to extend the Brexit deadline to the EU and increase the risk of hard Brexit in the UK. There are uncertainties and negative sentiment affects the pound at any time. Today, the Bank of England announced the results of the interest rate decision, which may be volatile for the pound. In addition, regarding the news of Brexit, both positive and negative news may affect the pound, please pay attention. If positive news, the pound against the dollar is expected to break through 1.3300, depending on the situation.
USDCHF
0.9950/0.9970 resistance
0.9885/0.9860 support
The result of the Fed’s interest rate decision has made the dollar weak and the euro rising, which indirectly is also good for the Swiss franc. Technically, the USDCHF further broke through the 0.9985 support level. The Swiss franc is expected to remain strong. Just keep an eye on Britain's Brexit news and the euro, and pay attention to the sterling and euro volatility, which will indirectly affect the Swiss franc.
USDJPY
110.55/110.25 support
110.95/111.25 resistance
The Fed is considering stopping interest rate hikes this year. It is planned to stop reducing debt balance in September and the dollar will weaken and the yen will rise. The US Dow failed to continue to climb, and Japan’s Nikkei index fell, and the USD/JPY trended. Currently concerned, 110.55 and 110.25 support. Whether the performance of the market can test the 111.25 resistance depends on the performance of the global stock market, with particular attention to whether the US Dow can rise.
AUDUSD
0.7185/0.7205 resistance
0.7110/0.7085 support
The unemployment rate in Australia has risen and the Australian dollar has weakened. Only the Fed’s interest rate record shows that the Fed did not intend to raise interest rates this year, the dollar fell, and the Australian dollar was bullish. In addition, Sino-US trade news will also affect the performance of the Australian dollar, hopefully the Australian dollar will still keep above the support. But technically, the Australian dollar needs to be adjusted and is expected to test 0.7110 support. If the support is not broken, the Australian dollar is still moving down further. For important resistance, please refer to 0.7235.
NZDUSD
0.6950/0.6975 resistance
0.6890/0.6870 support
Also affected by the contents of the Fed meeting, the Australian dollar and the New Zealand dollar are similar, and the New Zealand dollar can maintain 0.6860 or above. Technically, short-term reference can be made to 0.6950 and 0.6975 resistance.
USDCAD
1.3315/1.3340 resistance
1.3280/1.3255 support
Also affected by the Fed policy, boosting the Canadian dollar. Today, the market expects wholesale sales to grow, with a bullish Canadian dollar. However, we must pay attention to the performance of crude oil prices. If crude oil prices is lowered, the Canadian dollar may also fall due to the fall in crude oil prices.
EURGBP
0.8675/0.8690 resistance
0.8590/0.8565 support
The British Parliament vetoed the latest draft of Brexit and the UK will apply to extend the Brexit deadline. The pound did not strengthen. Benefiting from the Fed’s policy impact, the euro has risen and the euro has risen to near 0.8675 resistance against the pound and may need to adjust its gains. The market is waiting for the EU to approve the postpone of Brexit. It is recommended to pay attention to the preparation of the euro against the pound.
EURCHF
1.1315/1.1300 support
1.1340/1.1355 resistance
The minutes of the Fed meeting, considering the suspension of interest rate hikes this year, the euro and the Swiss franc developed in parallel with the dollar, but the euro benefited more, the euro fell against the Swiss franc. Technically, the euro is still consolidating against the Swiss franc. Technically, consider the support between 1.1335 or 1.1310, consider the opportunity to rebound. If it breaks the 1.1300 support, need to consider to make a stop loss.
XAUUSD
1321/1325 resistance
1312/1308 support
The Fed’s monetary policy remains at current levels. It is not expected to raise interest rates this year, stimulating the gold prices. After over $1311, it may now challenge the 1321 and 1325 resistance. If the UK must leave the European Union on the original planned date and cannot be extended, the market risk will rise and the price of gold will likely rise further.
US crude oil futures:
60.35/60.60 resistance
59.15/58.75 support
The Fed maintains its existing monetary policy and plans to stop raising interest rates this year. The news boosted crude oil prices, but whether it can continue to rise, need to consider the market outlook and crude oil supply. At present, the market will be concerned about whether the US president will speak or not, criticizing the high price of crude oil and causing the price of crude oil to fall. Technically, if the price adjustment can focus on 59 and 58 support separately, if it breaks the support of $58, look forward to the test to $56.
US Dow Jones Industrial Index Futures US30
25935/26115 resistance
25670/25475 support
The Fed announced the interest rate decision, the Fed will keep interest rates this year. The market is thinking any recession, the Dow fell a bit. The British Parliament's undecided vote on the Brexit vote and the progress of Sino-US trade deal, risk sentiment can affect the performance of the Dow, it is worthy of attention, it is recommended to keep an eye on the Dow adjustment.
BTCUSD:
3780 / 3680 support
4050 / 4125 resistance
The Fe announced the interest rate decision, the Fed will keep interest rates this year , the dollar fell then pushed up the price of bitcoin. The bitcoin keep supported between US3780 and US3680. However, US4050 and US 4125 will limited the price ofbitcoin before anytime break the resistance.
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.

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

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

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