ATFX Market Updates 2019

[Kelly Yeung]

Personal opinions today
Japan’s national consumer price index and core consumer price index growth in February, but was lower than market expectations. As the growth rate is lower than the Bank of Japan's inflation target of 2%, the market think the Bank of Japan will continue to maintain the current quantitative easing policy. Compared the average inflation rate in the United States at 1.5%, much higher than a Japan. It is estimated that the USD/JPY is still strong.

In the afternoon, the Eurozone announce the current account and the March Manufacturing Purchasing Managers Index. The related French and German manufacturing purchasing managers' index will be announced before the release of data in the Eurozone and can be used as a reference and may be reflected in advance. In the evening, the Canadian retail sales and consumer price index such the inflation data which was expected to grow. If the inflation data does not exceed market expectations, it is believed that the Canadian dollar has chance to fall. Then, the US Manufacturing Purchasing Managers Index, wholesale sales and existing home sales, are worthy of attention and have a certain degree of impact on the dollar's movements. In addition, the British Prime Minister on behalf of the United Kingdom submitted an extension to the European Union to extend the Brexit deadline, the results may be announced tonight in Asia time, please stay pay attention.

Today's suggestion:
EURUSD
1.1395/1.1415 resistance
1.1340/1.1320 support
The market digested the Fed’s interest rate is expected to stop raising interest rates this year, and the Brexit time extension is uncertain. Both made the euro fell and reaches expected target 1.1370 support. The current trend of the pound may indirectly affect the euro. If good news boosts the pound, the euro is expected to rise. Technically, it is expected to the 1.14 level. Conversely, the euro will test below 1.13.

GBPUSD
1.3165/1.3200 resistance
1.3070/1.3045 support
The UK applied to the extension of the Brexit deadline and accepted by the European Union. If the British Parliament to pass the Brexit deal next week can be postponed until May 22. Otherwise, the agreement will be vetoed and the UK will leave the EU on April 12 without deal. It is expected to continue to be affected by the Brexit news in the short term and will likely affect the sterling volatility. If the British Parliament accepts Brexit, the time can be postponed and the room for the pound to rise and larger. On the contrary, it will fall. Next week is the last time the British Parliament voted before the deadline and should be paying attention to the risks when investing.

USDCHF
0.9960/0.9980 resistance
0.9905/0.9885 support
The euro fell, indirectly negative for the Swiss franc. Technically, the USDCHF has risen at the expected target of 0.9985, but it has not changed the Swiss franc and is expected to remain strong, as the euro is still performing well. Please pay attention to the news of the Brexit, the impact on the Swiss franc indirectly.

USDJPY
110.55/110.35 support
110.95/111.25 resistance
Japan’s inflation remains moderate, and the Fed expects to stop raising interest rates this year, offsetting each other’s shocks, and the dollar remains at 110 levels against the yen. If the US Dow moves higher in the future, Japan's Nikkei index will rise, and it is estimated that the USD/JPY trend will rise simultaneously. Currently concerned, 110.55 and 110.35 support. Whether the performance of the market can test the resistance of 110.95 and 111.25 depends on the performance of the global stock market, with particular attention to whether the US Dow can rise.

AUDUSD
0.7115/0.7130 resistance
0.7085/0.7070 support
Recently, the unemployment rate in Australia has risen, and the price of industrial metals has fallen. This has caused the Australian dollar to stop and adjust, and the adjustment has exceeded 50% of the adjustment. At present, the market is concerned about Sino-US trade deal news, the progress of negotiations, and affects the trend of the Australian dollar. Technically, the Australian dollar still has adjustments. After the expected test of 0.7110 support, further test 0.7070. Of course, if any good news to boost the Australian dollar, it will be able to look at 0.7130 or above.

NZDUSD
0.6915/0.6930 resistance
0.6880/0.6860 support
The Australian dollar and the New Zealand dollar are similar, but New Zealand's economic fundamentals are better than the Australian economy. The New Zealand dollar can maintain 0.6860 or above. Technically, short-term reference can be made to 0.6915 and 0.6930 resistance.

USDCAD
1.3375/1.3395 resistance
1.3335/1.3315 support
Today, the market expects Canada's retail sales and consumer price index to grow, which is expected and reflect on the Canadian dollar. However, it is necessary to pay attention to the trend of crude oil prices. If crude oil prices is lowered, the Canadian dollar may also fall. Technically, 1.3255 is an important support, and 1.3430 is an important resistance for reference.

EURGBP
0.8685/0.8715 resistance
0.8590/0.8565 support
Before the UK applied for an extension of the Brexit deadline, the pound fell and the euro rose against the pound, seeing 0.8718. The EU's approval of the UK's extension of the Brexit application is also good news, but the key is that the British Parliament needs to accept the deal in next week before it can be extended. Therefore, we must pay attention to the fluctuation of the EURGBP.

EURCHF
1.1265/1.1245 support
1.1300/1.1325 resistance
The euro fell further against the Swiss franc, indirectly affected by the fall of the pound. Technically, refer to the support between 1.1265 or 1.1245. If the support below 1.1245 is broken, the trend may further test 1.1190 important support.

XAUUSD
1306/1303 support
1314/1317 resistance
The UK has applied for an extension of the Brexit deadline, but it must be accepted by the Brexit deal next week. It can be extended to May 22. Otherwise, the Brexit without agreement began on April 12. If market and economic risks rise, gold prices will likely rise further. the gold prices could be volatile before on Brexit vote.

US crude oil futures:
60.35/60.60 resistance
59.35/58.80 support
The Fed maintains its existing monetary policy and plans to stop raising interest rates this year. The news will help boost crude oil prices, but whether it can continue to rise, need to consider other economic and crude oil supply factors. And pay attention to whether the US president will criticize the crude oil price is too high so that crude oil prices 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
26035/26115 resistance
25880/25775 support
The Fed will announce the interest rate decision, the Fed keeps interest rates unchanged, and expects interest rates to remain unchanged this year. The news will help the investment climate. In addition, the British Parliament revote on the Brexit and the progress of Sino-US trade consultations, 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. Technically, if the resistance of 26115 is not successfully broken, there is still a possibility of 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.

 

[Kelly Yeung]

Personal opinions today
The EU agreed to extend the Brexit deadline, but only if the UK must vote again this week whether the Brexit agreement was passed. If the Brexit agreement is vetoed again, the UK must formally leave the EU without an agreement on April 12. The economic, political, livelihood and the border issues will in trouble. Of course, the UK can once again apply to the EU for an extension of the Brexit deadline, but can it be accepted by the EU. First, the British Parliament and the Prime Minister must provide sufficient justifications the Article 50, otherwise the EU will start the Brexit process on the new deadline. On the other hand, if the British Parliament accepts the Brexit agreement, the time for Brexit can be extended to May 22, and resolved to the risk and crisis of hard Brexit, is expected to boost European currencies, especially GBP.

The EU's choice the deadline on May 22, to avoid the UK's involvement in the next EU Parliament election vote, to avoid affecting future EU policy. At present, the EU has issued a final warning that the UK will postpone the Brexit again. It is believed to be very difficult, the British pound may once market to fall. The initial test target is to look at the low level of 1.23 at the end of last year or the low of 1.20 in the previous year. On the contrary, the British Parliament accepts the Brexit agreement, which is expected to boost the pound. The initial target may be tested at 1.35.

At present, market risks are starting to rise, and this week's Brexit risk may lead to a rise in market sentiment. If these issues happened, the gold and yen may rise again. Because which are the major safe-haven funds.

Today's suggestion:
EURUSD
1.1315/1.1335 resistance
1.1265/1.1245 support
The Eurozone Purchasing Managers Index fell, productivity slowed and the euro fell. In addition, the Brexit issue in the UK may deteriorate, affecting the EU economic downturn expectations. Technically, if the pound falls, it may be the euro may also be fall. This week, the British Parliament should be vote again on the Brexit agreement. If it is bad news, the euro may test the 1.12 side and is more likely to extend the adjustment to the 1.10 level. Short-term focus on 1.1315 and 1.1335 resistance, 1.1265 and 1.1245 support.

GBPUSD
1.3215/1.3230 resistance
1.3130/1.3105 support
The UK applied to the EU to extend the Brexit deadline and was accepted by the EU, but the British Parliament must pass the Brexit agreement and the deadline will be postponed until May 22. Otherwise, the agreement will be rejected again, and the UK will leave the EU on April 12. From the observation, if there is good news from Brexit, the pound can be above the level of 1.30. On the contrary, it will break below 1.30, depending on the situation, and try different low support, for example, 1.28 level. Short-term recommendations pay attention to 1.3130 and 1.3105 support. If it breaks, the pound is expected to continue its decline against the dollar, looking at the 1.30 target.

USDCHF
0.9965/0.9985 resistance
0.9905/0.9885 support
The euro fell, indirectly negative for the Swiss franc. But earlier this analysis pointed out that the Brexit issue mainly affects the euro and the pound, and the Swiss franc has the opportunity to be a safe haven between them. If it becomes their hedging tool, the Swiss franc has a chance to appreciate. Technically, the USDCHF has reached the expected target of 0.9985, and the breakthrough, the trend is expected to remain strong. 0.9905 and 0.9885 are targeted for support. But breaking the resistance of 0.9985, the trend reversed.

USDJPY
109.55/109.35 support
110.55/110.75 resistance
Earlier, the Fed said it expected to stop raising interest rates this year and the yen strengthened. At present, because of the increased risk of Brexit, the risk aversion has warmed up, and global stock markets have fallen, which indirectly dragged the dollar against the yen. Last week, this analysis pointed out that global investment confidence may be affected by the risk of Brexit, and safe-haven funds flow into the yen. In addition, the Fed expects to stop raising interest rates during the year, stop shrinking in September this year, and plan to cut interest rates next year. The US dollar advantage is weakened, and the yen has eased its depreciation pressure and has the opportunity to rise. Technically, if the dollar does not break 112 resistance against the yen, the short-term resistance is 110.75. According to the current trend, the initial target is likely to break through 109. If the situation remains the same and the trend continues, it will be possible to test 106.

AUDUSD
0.7085/0.7100 resistance
0.7055/0.7040 support
Australia's unemployment rate rose in February, and industrial metal prices fell, causing the Australian dollar fell, the adjustment wave has exceeded 50%, and may start the test the target 0.7055 and the next support is 0.7040. Sino-US trade talks have once again problem that have affected the short-term trend of the Australian dollar. Technically, the Australian dollar still has an adjustment to fall, and the resistance can be targeted at 0.7100. If it breaks through 0.7040, the trend may fall further.

NZDUSD
0.6895/0.6910 resistance
0.6880/0.6860 support
New Zealand's economic fundamentals are better than the Australian economy so far, and the New Zealand dollar can still maintain 0.6860 support. At present, avoid following the decline of the Australian dollar. Technically, short-term resistance reference can be made to 0.6895 and 0.6910. But on Wednesday morning, it was the New Zealand Federal Reserve Bank’s interest rate decision. The monetary policy could negative for NZD and may affect the NZD fall against USD. If it falls below the 0.6860 support, it must be noted to further expand the downward.

USDCAD
1.3465/1.3480 resistance
1.3405/1.3385 support
The Crude oil price fell, the Canadian dollar may also be affected by the decline in crude oil prices. Technically, the USDCAD began to break through the 1.3430 resistance. If crude oil prices continue to fall, it is estimated that the USDCAD can test the 1.3465 and 1.3480 resistance levels.

XAUUSD
1311/1308 support
1318/1321 resistance
The UK has applied for an extension of the Brexit deadline, but the EU requires that the British Parliament must accept the Brexit agreement, and the Brexit deadline can be extended to May 22. Otherwise, the Brexit began on April 12 without agreement. The market expects the British parliamen will not accept the agreement, the new deadline does not necessarily propose an agreement to vote. The risk sentiment is heating up and the stock market is falling, causing the gold price to rise further. The gold prices is more volatile before deciding on Brexit and the results coming. Technically, short-term attention to 1311 and 1308 support and 1318 and 1321 resistance.

US crude oil futures:
59.05/59.60 resistance
57.35/56.80 support
Although the US president did not criticize the high price of crude oil, the price of crude oil fell. Because, the risk of Brexit increased, and Sino-US trade consultations encountered obstacles. Russian crude oil supply did not decide to further reduce production, bearish crude oil prices already. Last week, here mentioned that the crude oil prices can be focus on 59 and 58 support respectively, if it breaks the support of 58 US dollars, it is expected to test to 56 US dollars. In the short term, reference resistance is 59.05 and 59.60 USD, with reference to support 57.35 and 56.80.

US Dow Jones Industrial Index Futures US30
25595/25715 resistance
25280/24975 support
The uncertainty of the British Parliament's Brexit and the progress of Sino-US trade negotiations, risk sentiment affects the performance of the Dow. Last week pointed out that it is recommended to keep an eye on the Dow adjustments. Technically, the 25280 and 24975 support is very important. If further breakthroughs are going, there is still a possibility of further adjustment. The next level of support is 24320. The current performance of US companies may also affect the performance of the Dow.

BTCUSD:
3780 / 3680 support
4050 / 4125 resistance
The Fed announced the interest rate decision, the Fed will keep interest rates this year , the dollar value fell then pushed up the price of bitcoin. The bitcoin keep supported between US3780 and US3680. The target will be set at US4050 and US 4125.

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
Although the EU extended the Brexit deadline, the condition is that the House of Commons of the British Parliament must passed the Brexit agreement. If the Brexit agreement is vetoed again, the UK must officially leave the EU without an agreement on April 12, two weeks later than the original March 29. At present, the British Prime Minister has tried to convince members of Congress to accept the agreement, but she expressed there is still not enough support. She will not submit the agreement again this week. It means that the Brexit agreement may not be accepted before the deadline. The next step is that the UK will face a "hard Brexit" and the GBP may continue to be downward.

Earlier, the Fed’s monetary policy indicated that it would stop raising interest rates during the year, and it will stop shrinking the balance sheet in September and may cut interest rates next year. Recently, the US Treasury bond yield rate is upside down, and the short-term three-month bond yield rate is higher than the 10-year bond yield. Market experience, this represents a bearish market, and the US economy will enter a recession one year later. However, Fed officials said that the Fed’s monetary policy plan stopped raising interest rates, the US economy maintained a recovery, and the chances of a recession were expected to be low, calling for no worries in the market. Today, we can further pay attention to the Fed officials attending the Asian Investment Forum and asking the Fed officials to express their views on monetary policy.

At present, market risk is still rising, investors can pay attention to the development of the Brexit and market risk sentiment this week. It is estimated that the money will flow to gold and the yen, will likely rise further. European and commodity currencies are likely to fall.

Today's suggestion:
EURUSD
1.1330/1.1345 resistance
1.1285/1.1270 support
In the afternoon, the euro zone Germany announced the consumer confidence index, and France announced the fourth quarter GDP. In the evening, the US announced new housing starts and construction permits. Later, the US announced the Richmond Fed manufacturing index. US data is expected to slow down, the US dollar is weak, and there is a chance to bullish the euro. However, the British Parliament may vote again on the Brexit agreement. If it is affected by bad news, the euro may limit the increase and is more likely to extend the downward. Short-term focus on the resistance of 1.1330 and 1.1345, support level, please pay attention to 1.1285 and 1.1270.

GBPUSD
1.3235/1.3255 resistance
1.3170/1.3155 support
The EU extended the Brexit deadline, but the British Parliament must pass the Brexit agreement. Otherwise, the agreement will be rejected, and the UK will leave the EU on April 12. Of course, the UK can apply for an extension to June 30 again to temporarily avoid the risk of a hard Brexit. However, the problem remains unresolved, which means that the exchange rate of the pound is at risk of falling. Technically, the pound is still affected by the resistance of 1.3290. If the resistance is maintained, it will be bearish.

USDCHF
0.9945/0.9965 resistance
0.9905/0.9885 support
The Brexit issue mainly affects European currencies, but the Swiss franc is now a safe haven for European currencies. The Swiss franc is stronger than other European currencies. Technically, the USDCHF is in the expected target of 0.9985. If it can break through this support level, it is expected to continue its trend. Short-term reference support 0.9905 and 0.9885. But breaking the resistance of 0.9965, the trend reversed.

USDJPY
109.85/109.70 support
110.30/110.50 resistance
Affected by a number of factors, the dollar fell, USDJPY fell. The Fed said that it would stop raising interest rates this year, the risk of Brexit increased, the risk aversion increased, and the global stock market fell, which indirectly bearish the USDJPY. Technically, if the USDJPY does not break the short-term resistance at 110.75, it is expected that the USDJPY may approach 109.

AUDUSD
0.7125/0.7140 resistance
0.7055/0.7040 support
The price of industrial metals has risen, which is positive for the Australian dollar. However, the market is more concerned about the Reserve Bank of Australia's interest rate meeting next week, and it is estimated that it may be negative for the Australian dollar. Technically, the Australian dollar is referenced at 0.7125 and 0.7140 resistance.

NZDUSD
0.6925/0.6940 resistance
0.6880/0.6860 support
The New Zealand dollar can still maintain 0.6860 support. Tomorrow morning, the Reserve Bank of New Zealand will held interest rates decision. The monetary policy may tend to be conservative and have the opportunity to influence the decline of the New Zealand dollar. If it falls below the 0.6860 support, it must be noted to further expand the decline.

USDCAD
1.3420/1.3440 resistance
1.3370/1.3350 support
Crude oil prices rebounded, reached $59, crude oil prices rising, and the Canadian dollar is the same trending. Technically, the USDCAD closed at 1.3430 resistance, the adjustment wave can test 1.3370 or 1.3350 support. If crude oil prices start to fall, it is estimated that the USDCAD may test the 1.3420 and 1.3440 resistance levels.

XAUUSD
1323/1325 resistance
1318/1316 support
The market is worried about the US economic recession and reaching to the global bond yields. In addition, the UK's Brexit issue has not yet been finalized, there is risk, and the price of gold has risen. Technically, the resistance of 1323 and 1325 in short term. The risk increased, the gold prices will hit higher resistance. On the contrary, the gold price fell.

US crude oil futures:
59.45/60.05 resistance
58.65/58.05 support
The market expects that the amount of crude oil inventories announced tomorrow morning may continue to decrease, and crude oil prices will rise, with the target pointing to $60. However, the risk of Brexit increased, Sino-US trade negotiationscan not make further deal, and Russian crude oil supply did not decide to further reduce production. These are bearish crude oil prices. Crude oil prices are still likely to be tested at $58, with short-term reference resistance at $59.45 and $60.05, with reference to support for 58.65 and 58.05.

US Dow Jones Industrial Index Futures US30
25695/25835 resistance
25460/25325 support
The uncertainty of the British Parliament's Brexit and the progress of Sino-US trade negotiations, risk sentiment affects the performance of the Dow. The US economic slowdown is also expected to limit the rebound of the Dow. It is recommended to keep an eye on the Dow to continue to adjust. Technically, the Dow may test the support at 25460 and 25325. If further breakthroughs are made, there is still a possibility of adjustment. The next level of support is 24950 or 24350.

BTCUSD:
4050 / 4125 resistance
3780 / 3680 support
The Fed announced the interest rate decision, the Fed will keep interest rates this year , the dollar value fell then pushed up the price of bitcoin. The bitcoin keep supported between US3780 and US3680. The target will be set at US4050 and US 4125, until any breakthrough.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today

The US Treasury bonds yield has been upside down. The short-term three-month bond yield rate is higher than the 10-year bond yield rate. It is expected that the US economy will likely going to the recession. But Fed officials and Goldman Sachs said that the short-term and long-term bond yields are upside down, only reflecting the Fed’s monetary policy plan to stop raising interest rates, but the US economy is recovering, inflation is still growing, and the chances of a recession are expected to be low. There is no need to worry about the market, it will soon be resolved. The United States will release final data such as actual GDP, actual personal consumption expenditure and core PCE price index in the fourth quarter tomorrow. If it showed growth, it may change the market view. The US yield rate returns to normal, and the US dollar is bullish.

This afternoon, ECB President Mario Draghi delivered a speech at the public meeting, and the market is watching whether he will express his views on European economic and monetary policy. Next, the US announced the trade account and current account at night. If there is improvement, shown the US economy will improve and it is expected to positive the US dollar. Canadian dollar investors can pay attention to the Canadian trade accounts tonight at same time.

Today's suggestion:
EURUSD
1.1245/1.1230 support
1.1305/1.1320 resistance
The European Central Bank President Mario Draghi delivered a speech at the public meeting coming this afternoon, and the market is watching whether he will express his views on European economic and monetary policy. If the president is optimistic about the European economy, it is expected to end the recent decline in the euro. Short-term focus on initial support at 1.1245 and 1.1230 and resistance at 1.1305 and 1.1320.

GBPUSD
1.3220/1.3235 resistance
1.3155/1.3140 support
The EU extended the Brexit deadline to be accepted, avoiding the risk of a hard Brexit on March 29. However, the problem unresolved. The House of Commons of the British Parliament passed the resolution of the Brexit by the Congress, deliberately lifting the responsibility of the British Prime Minister and forcing the Prime Minister to step down. In front of the Brexit uncertainty, it means that the pound is at risk of falling. Technically, 1.3290 is an important resistance, with short-term resistance of 1.3220 and 1.3235. If the resistance is maintained, it seems bearish on pound. Initial short-term support is 1.3155 and 1.3140. The next level of support is 1.3095.

USDCHF
0.9955/0.9975 resistance
0.9905/0.9885 support
The euro continued to be weak, indirectly negative for the Swiss franc. However, the Brexit issue mainly affects the European currency Euro and pound. The Swiss Franc temporarily becomes a safe place for Euro and pound, and the Swiss Franc is stronger than these currencies. Technically, the USDCHF is expected to have a resistance target of 0.9975. If the resistance breaks through 0.9975, the dollar may rise against the Swiss franc. In addition, short-term reference support is 0.9905 and 0.9885.

USDJPY
110.75/111.00 resistance
110.25/110.00 support
After the Fed explained that the US bond yields were upside down, market investment stabilized, and the US Dow and Japan’s Nikkei index rose, boosting the dollar against the yen, which once saw a high of 110.65. The market is concerned the GDP, real income and PCE index tomorrow. In the short-term, the USDJPY is expected to limit the resistance of 110.75 and 111.00. In addition, the risk of Brexit increases, the risk aversion is heating up, and the global stock market may fall, which indirectly drags the dollar against the yen to fall simultaneously. Please keep pay attention.

AUDUSD
0.7125/0.7140 resistance
0.7055/0.7040 support
The industrial metals price rose, which is positive for the Australian dollar. However, in the morning, it was indirectly affected by the dovish speech of the RBNZ. The AUDUSD was fell. At present, it is worth noting that there has been no further progress in Sino-US trade negotiations, and the slowdown in Australia's economic worries will negative the Australian dollar. The market is more concerned about the Reserve Bank of Australia's interest rate decision next week, and may issue dovish remarks same as RBNZ today, which may be further negative for the Australian dollar. In the short-term technical, the Australian dollar can continue to refer to the resistance of 0.7125 and 0.7140. Target support for the next week, see 0.7055 and 0.7040 support.

NZDUSD
0.6805/0.6790 support
0.6840/0.6855 resistance
New Zealand's economic fundamentals are better than the Australian economy, but today the RBNZ issued a dovish remarks, the New Zealand dollar quickly fell by a hundred points, in line with this analysis yesterday. Technically, the NZD decline has already reflected the factors, and the support level can refer to 0.6805 and 0.6790. Resistance levels can be referenced to 0.6840 and 0.6855 resistance.

USDCAD
1.3420/1.3440 resistance
1.3375/1.3360 support
Crude oil prices fell and the Canadian dollar slowed down. Technically, the USD/CAD adjustment wave has been tested near the 1.3370 support level. If crude oil prices continue to fall, it is estimated that the USDCAD may test the 1.3420 and 1.3440 resistance. The Canadian trade account with US data tonight and the market keeps concerned that.

XAUUSD
1321/1323 resistance
1315/1313 support
The US short-term and long-term government bond yields are out of balance, and the market is worried about the US economic recession and is delaying the imbalance of global bond yields. In addition, the Brexit issue has not yet been finalized, there is risk, and the gold prices has risen. The market is waiting to see a number of important data from today and tomorrow, and the final value of the fourth quarter GDP in the United States is very important. If the final value of US GDP unexpectedly increases, it will positive the US dollar and bearish gold. Technically, short-term attention is paid to the resistance of 1321 and 1323. The market expects an increase in risk, and the gold price increases. On the contrary, the price of gold fell.

US crude oil futures:
60.05/60.30 resistance
58.65/58.05 support
Crude oil inventories announced by US API increased, reporting 1.93 million barrels, and crude oil prices fell slightly to below $60. The risk of Brexit has not yet been lifted, and the Sino-US trade negotiations keep going but not. Very good. These are all bearish crude oil prices. Crude oil prices are still have chance to reach $58. Technically, in the short-term reference resistance of $60.05 and $60.30, with reference to support for 58.65 and 58.05.

US Dow Jones Industrial Index Futures US30
25835/25905 resistance
25430/25350 support
After the Fed officials explained that the US Treasury yield was upside down, the investment market risk cool down. In addition, crude oil prices rose, supporting the Dow's rise. Due to the uncertainties of the Brexit and the lack of progress in Sino-US trade negotiations, the risk sentiment affected the performance of the Dow and the Dow adjusted before the market closed. The market is waiting the results of important economic data of the United States in the next two days, especially the final value of the fourth quarter US GDP announced tomorrow is very important. Assuming that before the results are announced, the Dow will be limited in rebound. For short-term, it may refer to the 25430 and 25350 support.

BTCUSD:
4050 / 4125 resistance
3780 / 3680 support
The Fed announced the interest rate decision, the Fed will keep interest rates this year , the dollar value fell then pushed up the price of bitcoin. The bitcoin keep the support between US3780 and US3680 and the resistance US4050 and US 4125, until any breakthrough.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today
Fed officials said that the short-term yields higher than the long-term bond yields, only reflecting the Fed’s monetary policy plan to stop raising interest rates. There is no signal to show the US economy recession, but inflation has slowed down from last year. Fed officials clarified relevant market changes and called for no worries in the market. Yesterday, although the two bond yields curve continued the happen and expanded, the US dollar index rose, approaching 97. The price of gold was lowered, and the low was seen at $1,308. The market is concerned that the United States will release the final data of the actual GDP, actual personal consumption, expenditure and core PCE price index in the fourth quarter last year. The market estimates that the economic slowdown may be limited. In the face of the risk of Brexit, the European currency has fallen. It is expected that the US economy will slow down at a limited room to go further upward.
In the European market, the Eurozone announced the March economic sentiment index and consumer confidence index. In the US market, the market focus is on the fourth quarter US GDP in the last year. Actual personal consumption expenditure and price index can be used as a reference. In between, the Germany announced the consumer price index for March, the market expects inflation prices to rise to 0.6%, and the annual rate is expected to increase, the data results will help calculate the relevant data released in the eurozone tomorrow. If the German data grows, there is a chance to positive the euro and other European currencies.

Today's suggestion:
EURUSD
1.1230/1.1215 support
1.1290/1.1305 resistance
The Eurozone announced the March economic sentiment index and consumer confidence index, and Germany announced the March consumer price index. During the period, the US GDP in the fourth quarter last year, the market pays attention to relevant data. Technical the support and resistance at 1.1230 and 1.1305 respectively. It is expected that the European data performance well, with a bullish euro.

GBPUSD
1.3220/1.3235 resistance
1.3155/1.3140 support
Originally scheduled for March 29, hard Brexit. Due to the British Parliament voted aside, waiting for tomorrow and next week, the British Parliament will continue to discuss and vote. In the latest situation, the British Parliament intend to force the British Prime Minister to step down. The British Prime Minister stated that she was willing to resign as prime minister after the completion of the Brexit agreement. In the face of Brexit and political uncertainty, the pound is downward. Technically, the resistance of the pound remain at 1.3220 and 1.3235. The support is 1.3155 and 1.3140. The next support is 1.3095.

USDCHF
0.9955/0.9975 resistance
0.9905/0.9885 support
The Swiss franc has temporarily become a safe haven for European currencies, and the Swiss franc is stronger than other European currencies. Technically, the USDCHF is expected to resist 0.9975. If the resistance breaks through 0.9975, the dollar may rise against the Swiss franc. In addition, the reference support is 0.9905 or 0.9885.

USDJPY
110.05/109.90 support
110.55/110.75 resistance
Japan’s Nikkei index fell, indirectly affecting the dollar’s decline against the yen. Japan’s purchase of foreign bonds has increased substantially, while foreign stocks have been bought, and Japanese stocks and Japanese bonds have decreased. In addition, the market expects to announce the Japanese retail sales tomorrow as higher than last month and last year, which may boost the Japanese consumer price index and improve the unemployment rate expectations. Today, the US announced the gross domestic product and related income and price indices in last quarter. It is expected that the US data will improve. The USD/JPY is expected to test 110.55 and 110.75 in the short term. Technically, if the USD/JPY can maintain 109.90 support, it is estimated that the trend is still expected to rise.

AUDUSD
0.7095/0.7110 resistance
0.7055/0.7040 support
The dovish speech of the Reserve Bank of New Zealand, the Australian dollar against the US dollar was lowered following the New Zealand dollar fell. At present, it is worth noting that there has been no further progress in Sino-US trade consultations. The slowdown in the Australian economy will affect the trend of the Australian dollar. The market is concerned about the Reserve Bank of Australia's interest rate decision next week, and the RBA comments may be consistent with the dovish speech, which is negative for the Australian dollar. In the short-term technical, the Australian dollar can refer to the resistance of 0.7095 and 0.7110. The short-term support targets are 0.7055 and 0.7040 respectively.

NZDUSD
0.6775/0.6760 support
0.6810/0.6825 resistance
After the Reserve Bank of New Zealand published the dovish remarks, the New Zealand dollar quickly fell by a hundred points yesterday. At present, the New Zealand dollar still has not seen a decline, and believes that the market is waiting for the result of US GDP data. Technically, the NZD decline has already reflected some market psychological factors, and the support level can refer to 0.6775 and 0.6760. Resistance levels can be referenced to 0.6810 and 0.6825.

USDCAD
1.3420/1.3440 resistance
1.3375/1.3360 support
Crude oil prices fell, negative the Canadian dollar, the Canadian dollar reached 1.34. If crude oil prices continue to fall, it is estimated that the USDCAD can be test the 1.3420 and 1.3440 resistance levels. Tonight, the United States released the fourth quarter GDP, and the market is waiting for the number. It could be affected the crude oil demand expectations and the Fed monetary policy, then affected the CAD.

XAUUSD
1306/1303 support
1314/1316 resistance
The US government’s short term and long term bond yields curves are out of balance, and the market is worried about the US economic recession. In addition, the Brexit issue has not yet been finalized, and there is a risk that the price of gold has risen earlier. The market is waiting for the important US data releases. If the final value of US GDP unexpectedly increases, it will positive the US dollar and bearish gold. On the contrary, the dollar is falling and the gold is rising. Technically, the important support price for gold is $1,203. If there is no breakthrough, the gold price may have a rebound.

US crude oil futures:
59.65/60.05 resistance
58.65/58.05 support
Yesterday, the US API and ElA crude oil inventories rose respectively, the crude oil price fell slightly to below 60 US dollars. Other factors, the risk of Brexit is still going on , the Sino-US trade negotiations no breakthrough, the market is worried about the global economic slowdown, crude oil demand is falling, these factors are negative crude oil prices, crude oil prices maybe test 58 US dollars. Technically, the reference resistance is $60.05, but it is possible to lower it to 59.65. In short term suggests, the references support 58.65 and 58.05 or may test 57 or 56 USD as well if any worse case happen.

US Dow Jones Industrial Index Futures US30
25835/25905 resistance
25430/25350 support
Following the release of the US trade account and the US current account yesterday. The other important data, the fourth quarter GDP final is coming. Which is the market, investors and the Fed to forecast monetary policy. That why before the results announcement, limited the rebound. Now, it could be test the support. The technical support can refer to 25430 and 25350.

BTCUSD:
4050 / 4125 resistance
3880 / 3780 support
The Fed announced the interest rate decision, the Fed will keep interest rates this year. The market expected the US economy slowdown. the dollar real value fell then may be pushed up the bitcoin value and price. The bitcoin price may be keep the support between US3880 and US3780 and the resistance US4050 and US 4125, until any breakthrough.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today

The US economic growth report, the fourth quarter GDP fell compared to the third quarter, but the core price index increased year by year. Compared with the eurozone and the UK's economic growth and strong price growth, the market has increased interest in investing in dollar assets. In addition, the US Treasury bond yield rate back to normal, which is one of the reasons positive dollar.

Today, the market is concerned about the performance of European data. The market is generally expected to be good, and it is expected to benefit more euros and more pounds. Evening Canada GDP monthly rate, the US Chicago PMI, the US University of Michigan consumer confidence index final value and new home sales total, especially the final value of the University of Michigan consumer confidence index. If grow higher than expected, the dollar has a chance to remain strong until next week. Because the market will focus on US job data announcement in next week, including the private sector AD on Wednesday, the US government labour department – non-farm payrolls, unemployment rate and average wage on Friday. The market expects job data and income in March to increase compared with February, US dollars strengthened.

There is the finance data and events focused on today, please pay attention:
1 15:00‬ UK Nationwide house price index monthly rate in March
2 15:00‬ Germany real retail sales monthly rate and annual rate in February
3 16:55‬ Germany Unemployment rate and Unemployment change in March
4 17:30‬ UK current account and GDP annual rate final value in fourth quarter 2018
5 20:30‬ US Core PCE price index monthly rate and annual rate in January
6 20:30‬ US personal monthly expenditure rate in January
7 20:30‬ Canadian GDP monthly rate in January
8 21:45‬ US Chicago PMI in March
9 22:00‬ US University of Michigan Consumer Confidence Index Final Value
10 22:00‬ US total new home sales in February

Today's suggestion:
EURUSD
1.1210/1.1185 support
1.1248/1.1265 resistance
Looking back yesterday, the euro zone's economic sentiment index and consumer confidence index in March were lower than market expectations, and the euro was weak. In addition, Brexit affects European economic confidence. In contrast, the US economy in the last quarter was better than expected. If the economic growth in the Eurozone is only 1.2%, the US economy will grow stronger and the US dollar will rose. Technically, the wave is 1.1210 and 1.1185 in the short term support. Resistance levels are referenced at 1.1248 and 1.1265. Of course, the performance of the Eurozone data good or solved the Brexit that can be eased at any time, the EURUSD could be stronger.

GBPUSD
1.3095/1.3125 resistance
1.3005/1.2980 support
The House of Commons of the British Parliament still has not passed the Brexit Agreement and may leave Europe on April 12.‬ The British prime minister was willing to resign as prime minister after the British parliament accepted the Brexit agreement. In the face of Brexit and political uncertainty, the pound is facing downside risks. Last night, the pound fell to the expected support level of 1.3095. Technically, if the pound did not break the 1.3095 resistance again, the trend continued to decline. The short-term reference support is 1.3005 and 1.2980. Of course, the UK's GDP data is expected to improve today or the Brexit can be solved at any time, the pound could be stronger.

USDCHF
0.9975/0.9995 resistance
0.9925/0.9905 support
The CHF has temporarily become a safe haven for European currencies, and the CHF is stronger than other European currencies. However, the US dollar is strong, the euro is weak, and the CHF is also following the decline. Technically, the USDCHF is expected to reach the resistance at 0.9975. If it breaks through the resistance 0.9975, USDCHF is expected to extend to 1.0025 and 1.0055 and the reference support is 0.9925 or 0.9905.

USDJPY
110.95/111.05 resistance
110.45/110.30 support
Today, the unemployment rate in Japan has improved, the consumer price index has remained good, industrial production has increased, and the Japanese Nikkei index has rebounded, indirectly supporting the USDJPY rose. Today, the market expects the US economic data to be good that the US dollar will be up against the yen in the short-term. It is expected to test 110.95 and 111.05. Technically, USDJPY 110.45 and 110.30 are reference points for technical adjustment support. It is recommended to pay close attention to the dynamics of the US Dow and Japan's Nikkei to help observe the movement of the USDJPY.

AUDUSD
0.7095/0.7110 resistance
0.7065/0.7040 support
The market expects the Sino-US trade deal to make progress and improve the anxiety of the Australian economic slowdown. The Australian dollar has been supported. But we must pay attention to the performance of the US economic data today and the dollar performance. Next Tuesday‬, the Reserve Bank of Australia will raise interest rates. The market expects the RBA to publish dovish remarks that may have been same issued by the NZ Bank of New Zealand. If the Australian dollar rebounds, it will be restricted. Technically, the Australian dollar can be referenced in the resistance of 0.7095 and 0.7110. The short-term support targets are 0.7065 and 0.7040 respectively.

NZDUSD
0.6765/0.6750 support
0.6805/0.6820 resistance
The New Zealand dollar was weak after the New Zealand Federal Reserve Bank published its dovish remarks. In addition, the dollar is strong, suppressing the New Zealand dollar. Currently, the market looking for US economic data performance. Technically, NZD support can refer to 0.6765 and 0.6750. Resistance levels can be referenced to 0.6805 and 0.6820.

USDCAD
1.3440/1.3460 resistance
1.3405/1.3385 support
Last night, the US president issued a statement opposing the rise in crude oil prices and suggested that crude oil producers increase production. The news came out, cracked down on crude oil prices and was negative for the Canadian dollar. Today, the market is concerned about the performance of the US economic data and is more concerned about Canada's GDP performance in January. If crude oil prices fall or Canada's GDP fails to meet market expectations, it is estimated that the USDCAD can test the resistance at 1.3440 or break the resistance.

XAUUSD
1297/1302 resistance
1285/1280 support
US GDP is still better than market expectations. Fed officials are optimistic about US economic growth. Also, they will not consider cutting interest rates this year, which is positive for the US dollar, and the gold price has plummeted. Technically, after the gold price fell below the important support of $1,303, it is now a reference for resistance. According to the long-term adjustment range, the gold price can refer to the support of 1280.55 US dollars and 1273.15 US dollars. If the US economic data is performing well today, the market will focus on the US job data next week also well, and the gold price could test the technical support level step by step.

US crude oil futures:
59.655/60.05 resistance
58.65/58.05 support
The US president issued a statement criticizing the rise in oil prices and once hitting crude oil prices. Now it seems the US economic growth remains strong. The Sino-US trade deal is expected to go well. The market is reducing to fear of falling crude oil demand. After the crude oil price was tested at 58 US dollars, it rebounded. Technically, the short-term reference resistance is $60.05, the reference support is 58.65 and 58.05.

US Dow Jones Industrial Index Futures US30
25835/25905 resistance
25430/25350 support
The final value of GDP in the last quarter of the United States still grows. Investors and the Fed predict that monetary policy remains optimistic, reducing the risk of recession this year and boosting the investment climate. In addition, the market expects progress in Sino-US trade negotiations going well and also supports the stock market going up. Technically, the support can refer to 25430 and 25350, and test resistance targets 25835 and 25905.

BTCUSD:
4050 / 4125 resistance
3880 / 3780 support
The US GDP still growth reduced the US economy slowdown expectations. The bitcoin price pushed back the support between US3880 and US3780. If any bad news from US data or news, the bitcoin price could reach the resistance US4050 again.

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

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

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

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

 

[Kelly Yeung]

Personal opinions today

British Prime Minister said that she will submit a draft revision of the Brexit agreement to the British Parliament on Tuesday again, and he hopes that Congress will support her proposal for a Brexit agreement and implement the orderly Brexit before the deadline. If Congress passes the draft, the Brexit deadline is expected to be extended to May 22, otherwise the UK may have to leave Europe in advance without a agreement on April 12, UK time. At that time, all issues come up and expected that the problem will drag down the UK domestic economy step by step. Assuming most of the UK’s assets and funds will flow to other European regions, leading to a possible recession in the UK economy. The Brexit discussion and voting will become a trend of the pound, and it is more likely to increase the fluctuation of the pound exchange rate.
In addition, the market is waiting for the US ADP employment change and Friday's the US non-farm payrolls. In the short-term the market expected, the number of non-farm payrolls has rebounded from last month, the unemployment rate has remained at 3.8%, and average wages have continued to grow, bullish dollar. On Wednesday, we will observe changes in ADP data, and assess the number of non-farm payrolls. Of course, if the number of non-farm payrolls still below the number of 180,000, reflecting that the US economic is slowing down, and the economic recession is expected, the Fed may consider cutting interest rates, which is negative for the US dollar. Other currencies will have an opportunity to rise against the dollar and gold prices.

[Important data and events today]:
1 16:00 Eurozone March Manufacturing PMl
2 16:30 UK March manufacturing PMl
3 17:00 Eurozone February unemployment rate and Eurozone March CPI annual rate initial value
4 20:30 US 2 retail sales monthly rate
5 22:00 US March lSM manufacturing PMl
6 Tomorrow, 03:10 Bank of Canada governor gave a speech

Today's suggestion:
EURUSD
1.1245/1.1260 resistance
1.1200/1.1185 support
The Brexit issue still plagues European economic confidence, and the euro remains downside risk. The market expects the US economy to continue to grow and job market growth to normal levels, and the dollar is expected to remain strong. Technically, the short-term adjustment wave is 1.1200 and 1.1185, or it is possible to test the lower position. The resistance level is between 1.1245 and 1.1260. Of course, if the good news in Brexit, or the euro zone data performance very well, it is expected that the euro will take advantage of the opportunity, but it is expected to be subject to 1.1260 resistance, which is difficult to break through.

GBPUSD
1.3080/1.3100 resistance
1.3005/1.2985 support
The British Parliament will continue to discuss and vote on leaving the EU to stay in the issue, re-election or referendum, affecting the trend of the pound. In addition, the British Prime Minister said that he will submit the draft of the Brexit again on Tuesday. If the successful withdrawal of the Brexit deadline to May 22 or later, there are still unknowns. If successful, the pound is expected to have a chance to move towards the 1.32 level, challenging 1.33. Otherwise, the pound has a chance to test the 1.29 level.

USDCHF
0.9975/0.9995 resistance
0.9925/0.9905 support
The Swiss franc has temporarily become a good assets for European currencies, and the Swiss franc is stronger than other European currencies. Only the dollar is strong, and the Swiss franc has limited any further rise. Technically, the USDCHF is expected to resist 0.9975. If it breaks through the resistance of 0.9975, the dollar's rise against the Swiss franc is expected to extend to 1.0025 and 1.0055. The reference support is 0.9925 or 0.9905.

USDJPY
111.25/111.40 resistance
110.85/110.70 support
Benefiting from the US Dow's uptrend, Japan's Nikkei index opened higher today, indirectly supporting the rise of USD/JPY. Technically, the USD/JPY support level pushed up to 110.85 and 110.70. If the USD/JPY is keeping strong, the initial resistance target is based on the resistance of 111.25 and 111.40. It is recommended to pay close attention to the dynamics of the US Dow and Japan's Nikkei to help observe the trend of the USDJPY in case of a reversal.

AUDUSD
0.7125/0.7140 resistance
0.7090/0.7075 support
The market expects progress in Sino-US trade deals, waiting for high-level officials meeting and make a deal with the trade agreement. The news support for the Australian dollar. However, the Reserve Bank of Australia will make a interest rates decision tomorrow, and the market expects the central bank to publish the dovish remarks that may have been issued by the NZ Bank of New Zealand, which will limit the increase of the Australian dollar. It is recommended to pay close attention to the Reserve Bank of Australia's interest rate statement tomorrow, whether the content unfavorable the AUD, that will bearish the Australian dollar.

NZDUSD
0.6840/0.6855 resistance
0.6805/0.6790 support
After the New Zealand Federal Reserve Bank published the dovish remarks, the New Zealand dollar continued to weaken. In addition, the dollar is strong, suppressing the New Zealand dollar. In addition, the Reserve Bank of Australia will make an interest rates decision tomorrow, and the Australian dollar will indirectly affect the New Zealand dollar. Technically, the NZD support can refer to 0.6765 and 0.6750. Resistance levels can be referenced to 0.6805 and 0.6820.

USDCAD
1.3370/1.3395 resistance
1.3330/1.3305 support
Crude oil producers continue to maintain production cuts, and crude oil prices have risen, indirectly supporting the Canadian dollar. In addition, Canada's GDP growth last Friday was higher than market expectations, boosting the Canadian dollar. Tonight, Canada announced the manufacturing PMl, which will help boost the Canadian dollar if it beats expectations. On the contrary, the Canadian dollar has a chance to fall. Technically, 1.3330 and 1.3305 are the support, and 1.3370 and 1.3395 are the resistance. The trend of crude oil prices will affect the Canadian dollar indirectly.

XAUUSD
1298/1300 resistance
1287/1285 support
The Brexit agreement proposed by the British Prime Minister was once again but rejected, and market risk once stimulated gold to rise. US GDP is still better than market expectations, and Fed officials are optimistic about US economic growth. The market is watching the job data report released by the US this week. Technically, the gold prices remains below the resistance of $1,303. If the long-term adjustment is made, the price of gold can refer to the support level of $1280.55 and $1275.15. The US job data and the Brexit, and evaluate the market risk and deciding the trend of gold price. Please pay attention to the risk of the Brexit.

US crude oil futures:
60.85/61.05 resistance
59.65/59.05 support
US economic growth remains strong, and the market is watching the performance of the manufacturing PMI index, which is about to be announced by major countries. At present, China's manufacturing PMI index is better than expected, which is also the reason for boosting crude oil prices. In addition, Sino-US trade deals are expected to make progress, and the market is more worried about the global economic slowdown and cooling, and the demand for crude oil has increased, which is good for crude oil prices. Technically, crude oil prices may be tested at $58, but it is important to note whether global manufacturing performance is in line with market expectations. Technically, short-term reference resistance is $61.05, and $59.65 is supported.

US Dow Jones Industrial Index Futures US30
26135/26305 resistance
25985/25850 support
China's manufacturing PMI is rising, and the market is waiting to see relevant data released today in Europe and the United States. In addition, the monthly retail sales rate in the United States is also watching, and the market is expected to continue to grow. Investors and the Fed predict that monetary policy remains optimistic, reducing the risk of recession this year and boosting the investment climate. In addition, the market expects progress in Sino-US trade negotiations and also supports the rise of the stock market. Short-term technical support can refer to 25985 and 25850, and test resistance targets 26135 and 26305.

BTCUSD:
4100 / 4195 resistance
3960 / 3850 support
The Brexit risk is leading the bitcoin price rose and seems approach to 4100 and 4195 resistance. But please pay attention the reversal risk. Since the market is waiting three US job data.

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 Reserve Bank of Australia announced the interest rate decision today, and believes that the interest rate remains unchanged, maintaining 1.5%. However, the monetary policy and statement of the Reserve Bank of Australia concerns. It is recommended to pay close attention to the speech of the Governor of the Reserve Bank of Australia. If the Reserve Bank of Australia's monetary policy is also dovish, the Australian dollar will be able to test the lower.
In addition, Switzerland's March CPI monthly rate and the Eurozone's February PPI monthly rate performance may affect the Swiss franc and the euro. Following yesterday's Eurozone manufacturing PMl丶 unemployment rate and CPl's below market expectations, the market has already estimated that the Eurozone's February PPI monthly rate data will slow down from last month, and the EURUSD has fallen below 1.1209 support. If the monthly PPI rate in the Eurozone remains unchanged or better, the EURUSD will positive. The US durable goods orders in February. Assuming the US dollar is weak, European currencies and other currencies against the US dollar are rising, and gold prices are also boosted.

[Finance data and events concern]
1. 11:30 Reserve Bank of Australia announces interest rate decision
2. 14:30 Swiss March CPI monthly rate
3. 17:00 Eurozone February PPI monthly rate
4. 20:30 US February durable goods order monthly rate
5. Tomorrow 04:30 US to March 29th week API crude oil inventory

Today's suggestion:
EURUSD
1.1185/1.1170 support
1.1235/1.1250 resistance
The results of Brexit unstable, lost the European economic confidence, and the euro is expected to maintain downside risks. However, the market expected in durable goods orders fall compared to last month, the euro will be rise. Technically, the short-term focus on the support 1.1185, or it may be 1.1170. Resistance levels are referenced between 1.1235 and 1.1250. Of course, if the Brexit puts forward with good news, the euro take the opportunity to rise but expects the resistance at 1.1270.

GBPUSD
1.3125/1.3140 resistance
1.3035/1.3020 support
The British Parliament will continue to discuss and vote on leaving the European Union to stay in the UK. In the afternoon, UK time is expected to obtain relevant information and affect the pound volatility. In addition, the British Prime Minister said that she will submit the draft of the Brexit for the fourth time. There are still unknowns. If success, the pound is expected to have a chance to move towards the 1.32 level, test 1.33. Otherwise, the pound has a chance to test 1.3020 or below.

USDCHF
1.0025/1.0055 resistance
0.9975/0.9950 support
The Swiss franc has become a safety fund for European currencies, and the Swiss franc is stronger than other European currencies. However, the US dollar is strong and the Swiss franc has not seen any further rise. As pointed out yesterday, technically, the USDCHF is expected to the resistance of 0.9975, and currently breaks through the resistance. The USDCHF is expected to extend to 1.0025 and 1.0055. The reference support is 0.9975 and 0.9950.

USDJPY
111.55/111.70 resistance
111.05/110.90 support
The US Dow's rally continued, and Japanese Nikkei index is high, USDJPY rose. Technically, the USDJPY hit a 138.2% rebound and is expected to test the upper resistance at 111.55 and 111.70. If the global stock market continues to rise, it is expected to reach these resistance. However, US durable goods orders may fall, the United States has the opportunity to fall, indirectly affecting the resistance fall. It is recommended to pay close attention to the performance of the US data, please paying attention to the Dow and the Nikkei index to help observe the trend of the USDJPY.

AUDUSD
0.7125/0.7140 resistance
0.7095/0.7080 support
The market expects progress in Sino-US trade negotiations and expects high-level officials from both countries to meet and close the deal in the trade agreement between the two countries. The news boosted the Australian dollar. However, in the face of the Reserve Bank of Australia's interest rate decision, the market expects the central bank to publish dovish speech, the Australian dollar's gains are limited, and fell. The further trend of the AUDUSD will be determined by the Reserve Bank of Australia's interest rate decision and statement, affecting the performance of the AUD. Technically, 0.7080 is preliminary support for reference.

NZDUSD
0.6815/0.6830 resistance
0.6775/0.6760 support
Affected by the Reserve Bank of Australia's interest rate meeting, the decline in the Australian dollar indirectly affected the decline of the New Zealand dollar. Technically, the NZD support can refer to 0.6775 and 0.6760. Resistance levels can be referenced to 0.6815 and 0.6830. The further trend of the NZDUSD will be determined by the Reserve Bank of Australia's interest rate decision and statement. When it affects the Australian dollar, it is believed to affect the performance of the New Zealand dollar.

USDCAD
1.3355/1.3380 resistance
1.3300/1.3280 support
The OPEC and Russia indicated that they plan to reduce the supply of crude oil and increase the crude oil prices, which indirectly supports the rise of the Canadian dollar. Technically, reference can be made to 1.3300 and 1.3280 support, important support level is 1.3250. 1.3355 and 1.3380 are reference resistance. Please pay attention to the trends of crude oil prices continues to lead the Canadian dollar.

XAUUSD
1298/1300 resistance
1285/1282 support
The market is watching the job market report released by the US. Technically, the gold prices remain below the resistance of $1,303. If the long-term adjustment waves, the gold prices can refer to the support level of $1280.55 and $1275.15. It is believed that the market will first observe the US job data and the Brexit, and then evaluate the market risk and determine the trend of gold prices. Please pay attention to the US durable goods orders and the British Parliament voted for the Brexit, which may drive the risk of rising gold prices. According to preliminary estimates, the price of gold is between the 1285 and 1282 support levels, and there is an opportunity for support.

US crude oil futures
62.85/63.85 resistance
60.20/59.65 support
The US manufacturing PMI index showed growth, and the Chinese manufacturing PMl index beat expectations and increased crude oil demand expectations. OPEC and Russia plans to reduce the crude oil supply, the reason for boosting crude oil prices. Tomorrow morning, the United States API crude oil inventories is important. The market is currently estimating a significant reduction in inventories. If crude oil inventories fell more than the market estimates, crude oil prices are expected to rise further. Otherwise, crude oil prices have an opportunity to drop.

US Dow Jones Industrial Index Futures US30
26275/26360 resistance
26114/25905 support
US durable goods orders are expected to fall, and the US Dow Jones Industrial Index has the opportunity to adjust in this situation. If adjusted, the Dow Jones Industrial Index futures fell, the initial technical support can refer to 26114 and 25905, depth adjustment, target 25770. Resistance levels are referenced to 26275 and 26360.

BTCUSD:
4195 / 4235 resistance
3960 / 3900 support
The Brexit risk is leading the bitcoin price rose and seems approach to 4195 or 4235 resistance. But please pay attention the reversal risk. Since the market is waiting the US job data tomorrow and Friday.

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
Eurozone February retail sales better than expected. The US March private sector's ADP employment change and US March lSM non-manufacturing (services) PMl slightly less than market expectations, and the US dollar fell below 97.0. The US data was not as expected, the euro data improved and the Brexit have made new progress, and the euro and the pound all rose respectively. The gold price around USD1290 . Crude oil inventories rose and crude oil prices fell.
The Minister of Commerce of China and the US Secretary of Commerce continued the Sino-US trade negotiations continue and processing well. It is expected that they reach the final results before the weekend, and then stopped the Sino-US trade war. Positive trends in the global stock market, Offshore renminbi and Asia-Pacific currency rose. The stronger investment climate, with funds flowing out of gold and yen. The market is waiting the US March non-farm payrolls, unemployment rate and average wages results tomorrow.

[Finance data and events of concern]
14:00 German manufacturing orders
15:30 German construction industry PMl
19:30 US March Challenger Corporate layoffs
19:30 ECB minutes of March monetary policy meeting
20:30 US initial claiming unemployment

* China and Hong Kong holidays tomorrow, this analysis will be suspended one day, see you next Monday.

Today's suggestion:
EURUSD
1.1280/1.1310 resistance
1.1215/1.1175 support
Eurozone retail sales growth, US ADP employment change, less than 170,000, the dollar fell, bullish euros. The market waits for the European Central Bank to announce the minutes of the March monetary policy meeting, which includes the central bank's economic outlook and monetary policy intention. If the dovish remarks are emphasized again, the euro may fall. Technically, the EUR/USD resistance is referenced at 1.1280 and 1.1310, with support at 1.1215 and 1.1175. The market expected the US job data tomorrow, not very good, it could be bullish euro.

GBPUSD
1.3200/1.3225 resistance
1.3120/1.3070 support
The British Parliament provided a draft amendment and it still has not been passed. The British Prime Minister put forward new proposals to retain the customs union alliance after the general acceptance of the parliamentarians, and to discuss with the EU to postpone the Brexit in order to cooperate with the EU countries. However, the Bank of England Governor and the European Commission have indicated that they will not extend the deadline next Friday. They will officially start the UK without a contract after midnight on the evening of April 12, UK time, that is, "hard Brexit", making the pound have a risk of falling. Short-term technical support can refer to 1.3120 and 1.3070. Further trials below 1.30 will depend on the risk of hard Brexit.

USDCHF
1.0025/1.0055 resistance
0.9950/0.9930 support
The US ADP employment change is not as expected, and the non-farm payrolls data on Friday is expected poor. The US dollar is weakening, making the Swiss franc trend better. At present, the USDCHF now is between 0.9975. If the US dollar rises against the Swiss franc, the reference resistance is 1.0025 and 1.0055. If the US dollar continues to fall, the reference support is revised to 0.9950 and 0.9930.

USDJPY
111.55/111.85 resistance
111.05/110.90 support
US ADP data results lower than market expectations, the dollar fell, but did not affected the yen. The main reason for the flow of funds to the stock market, the Dow continued to rise, and the Japanese Nikkei index was at a high level, indirectly supporting the rise of the USDJPY. Technically, USDJPY continues to test the upper resistance at 111.55 and 111.85. If global stock markets continue to rise, it is expected to hit 11.85 resistance. It is recommended to pay close attention to the performance of the US data, while paying attention to the dynamics of the Dow and Japan's Nikkei, and observe the trend of the USDJPY.

AUDUSD
0.7140/0.7165 resistance
0.7080/0.7060 support
The Australian Service Industry Performance Index, retail sales and trade accounts have grown, which is bullish for the Australian dollar. Coupled with the US job data performance did not meet market expectations, the Australian dollar rebounded against the US dollar. In addition, the market expects progress in Sino-US trade negotiations to boost the Australian dollar. The Australian dollar was raised against the US dollar as much as 80 pips. This is the second largest rebound in recent months. Technically, 0.7125 and 0.7140 are reference points for resistance, which is close to the resistance range indicated by this analysis yesterday. Can AUD make further breakthroughs, and it must pay attention to the success or failure of Sino-US trade negotiations.

NZDUSD
0.6805/0.6820 resistance
0.6775/0.6745 support
Sino-US trade negotiations were held in Washington, DC, and the negotiations was good, boosting the New Zealand dollar. In addition, Australia's economic data growth, indirectly bullish the New Zealand dollar, support level increased from 0.6745 to 0.6775. The resistance level reference 0.6805 and 0.6820 still have not changed. Now, the success or failure of Sino-US trade negotiations. On the other hand, how the performance of US job data affects the US dollar. These factors will complement the volatility of the
NZDUSD.

USDCAD
1.3370/1.3385 resistance
1.3300/1.3280 support
US crude oil inventories increased, and the increase was much higher than expected, affecting the performance of crude oil prices, which indirectly bearish the Canadian dollar. The market is waiting for the US non-farm payrolls, and it is more important to pay attention to the performance of job data released in Canada at the same time tomorrow. Technically, the USDCAD has an important support at 1.3300, with reference to resistance at 1.3370 and 1.3385.

XAUUSD
1295/1298 resistance
1289/1286 support
The US ADP employment change was less than expected. Tomorrow, the US non-farm payrolls, the unemployment rate and the average wage, all result will become the market focus, which may affect the gold prices and fluctuation. Technically, the gold price remained below the resistance of $1,303. The adjustment of wave, gold price can refer to the support level of 1280.55 US dollars. In addition, the risk of hard Brexit in the UK will determine the trend of gold price. According to preliminary estimates, the gold price is between the 1285 and 1282 support levels, which is an important reference. Short-term technically, focus on 1289 and 1286 support levels and 1295 and 1298 resistance as a reference.

US crude oil futures
62.85/63.15 resistance
62.05/61.60 support
The US announced last week that API and ElA crude oil inventories increased significantly, and crude oil price fell a bit. The US ADP employment change, did not meet market expectations, which could be other negative crude oil prices. If the non-farm payrolls data is not as expected, the crude oil price could be fall further, and the initial target of 61.60 will be supported.

US Dow Jones Industrial Index Futures US30
26305/26365 resistance
26130/26055 support
The US Dow Jones Industrial Index is between the two-month high of 26,240. It is believed that the market expects Sino-US trade to be successful. However, the results of the negotiations have still not been implemented. The US job data is not looking good, and the price of crude oil has fallen, affecting the shares of related companies, which may affect the market investment sentiment. The preliminary technical support levels can refer to 26130 and 26055, and further target can refer to 25770. For resistance, refer to 26365.

BTCUSD:
5050 / 5200 resistance
4660 / 4500 support
The Brexit risk is leading the bitcoin price rose, Bitcoin breakthroughs USD4235 resistance and approaching USD5050. The market is waiting for the US non-farm payrolls data. If the US job data over the market expectations, the bitcoin price will fall.
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
U.S. February non-farm payrolls were revised up to 33,000 and returned to normal at 196,000 in March, beating market expectations for 180,000. Crude Oil prices rose to a 22-week high above $63, caused higher demand rose. But the average hourly wage rate fell to just 0.1 percent in monthly change and 3.2 percent in yearly, representing a broad slowdown in U.S. wage growth that limited the dollar's gains and gold prices rebounded above $1,290. On Wednesday, the results of the U.S. March CPl and the core CPl will be watched, with data helping to reflect U.S. first-quarter inflation and the fed's chances of raising interest rates. On Thursday, FOMC released the minutes of its March 20 policy meeting.

[Important data and events today]
14:00 Germany Trade account in February
14:00 Germany Current account in February
16:30 Eurozone Investment sentiment index for April
22:00 US factory orders in February

Today's suggestion:
EURUSD
1.1235/1.1250 resistance
1.1190/1.1170 support
U.S. CPl data released and European central bank interest rate decision and press conference on Wednesday. ECB and the President speech, become the focus of the market. We believe that the coming risks of a hard Brexit, it will add to the economic uncertainty in Europe. The eurozone could be exposed to the downside risks as the UK. If the euro fell, the support at 1.1185. If the euro could further test lower, 1.0860 as the reference support which is the 2-year adjustment wave of 76.4 percent. In short-term resistance is 1.1250.

GBPUSD
1.3070/1.3120 resistance
1.3000/1.2950 support
UK step in a critical moment with the Brexit deadline on coming Friday if the house of Commons maintains its opposition to the Brexit deal and its veto of a deal with the EU. The EU is also likely to veto the Brexit extension. UK time on April 12, the UK will be forced to leave the European Union without an agreement and caused turmoil in the European market, it may increase the risk of pound decline. Now, the expected initial target resistance as 1.3070 and 1.3120 are supported by 1.3000 and 1.2950 or below.

USDCHF
1.0015/1.0030 resistance
0.9975/0.9960 support
The dollar against the Swiss franc support revised to 0.9975 and 0.9960 if the dollar falls. Expectations are that the market is watching the results of the U.S. March CPl and core CPl, with the dollar likely to move in a tight range against the Swiss franc in the short term.

USDJPY
111.85/112.00 resistance
111.25/111.05 support
China's commerce minister and finished the ninth round of china-us trade talks. The two sides said the process is going well and that some details will be finalized later. The positive negotiation process has supported the rise of the stock markets in China and the global stock market and has created favourable conditions for offshore China RMB and currencies in the Asia-pacific region. The market is closely watching the stock market dynamics, if the stock market further downward, USDJPY may follow and fall. But technically, the psychological resistance of the USDJPY as 112. In the short term, it can refer to 111.85 and 112.00 resistance, support level refer to 111.25 and 111.05.

AUDUSD
0.7110/0.7125 resistance
0.7070/0.7055 support
After the conclusion of china-us trade negotiations, the overall progress is good, but the two sides still have not decided when to end the trade war, and the trend of the Australian dollar has changed. Technically, 0.7110 and 0.7125 are the reference resistance levels. If there is good news to boost the AUD, it is expected to further test the resistance of 0.7165 or 0.7205. But the AUD is likely to move in a tight range against the greenback in the short term until the market looks at the U.S. March CPl and core CPl results.

NZDUSD
0.6755/0.6775 resistance
0.6720/0.6700 support
China and the United States concluded trade talks, but the two sides did not set a deadline. NZDUSD may happen to adjust. Technically, the reference resistance was 0.6755 and 0.6775. Reference support is 0.6720 and 0.6700 until the U.S. march CPl and core CPl results are seen.

USDCAD
1.3395/1.3415 resistance
1.3350/1.3330 support
The Canadian dollar fell as the dollar strengthened caused the stronger U.S. jobs report. In addition, the U.S. crude oil price performance made good, indirect good Canadian dollar. The market watches the results of the U.S. march CPl and core CPl, it could affect the USD stronger against the Canadian dollar.

XAUUSD
1300/1303 resistance
1292/1289 support
U.S. non-farm payrolls returned to normal in March, but the average hourly wage rate fell to just 0.1 percent monthly and 3.2 percent annual growth, representing a broad slowdown in wage growth in March that limited the dollar's gains. Gold rallied above $1,290. Moreover, gold prices will be determined by the risk of a hard Brexit. Technically, the price of gold remained below $1,303 resistance volatility, adjusted wave support, gold prices can refer to $1,280.55. But with the risk heat up, gold prices should bullish. As a suggestion, gold prices are consolidating between 1292 and 1289 support levels. Reference resistance 1300 and 1303.

U.S. crude oil futures
63.85/64.15 resistance
63.05/62.85 support
The U.S. nonfarm payrolls returned to normal in March, boosting crude oil prices. The market is waiting for the U.S. march CPl and core CPl results and the API and EIA crude inventories update released on Wednesday. During the period, crude oil prices have a chance to test the initial target of $62.85 support or below.

U.S. Dow Jones industrial average futures US30
26480/26565 resistance
26130/26055 support
The Dow Jones industrial average over a two-month high of 26,240 on expectations of successful Sino-US trade negotiations. However, the outcome of the negotiations has still not been implemented, the market investment climate has turned cautious, and the trend of the U.S. Dow is an adjustment. The initial support is 26130 and 26055. In terms of resistance level, and refer to Friday's high of 26480 or above 26565 resistance level.

BTCUSD:
5050 / 5200 resistance
4660 / 4500 support
The Brexit risk is leading the bitcoin price rose, but the US non-farm payrolls data recovered in March, the bitcoin price will fall. The market is waiting for the U.S. march CPl and core CPl results. Before these data and the FOMC minutes, the bitcoin price is looking downward.

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.