ATFX Market Updates 2020

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Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines.
 
ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Feb 4


Personal opinions today:

The U.S. Markit and ISM manufacturing purchasing managers' indices for January beat market expectations and rose above the 50 marks for expansion. Yesterday, we noted that if the data beat market expectations, it could lead to short-term volatility in the U.S. dollar index and Dow futures. But must keep in mind, the global market and investment outlook uncertainties. The dollar index and Dow industrial average futures are expected to see their gains limited tomorrow with the release of ADP private-sector jobs data. If U.S. factory orders were only in line with or below market expectations tonight, risk aversion could rise and the dollar index and Dow futures could fall at any time, directly affecting global stock markets. Capital fund flows to gold, silver and the Japanese yen.

Today, RBA interest rate decision, watching the interest rates and the governor’s economic outlook. Late afternoon, keep an eye on Eurozone PPI, now investors forecasts fall, bearish for the Euro and other European currencies, and indirectly bullish for gold prices. In the evening, pay special attention to U.S. factory orders, bullish for the dollar. Estimates continue to be bearish for the Euro and other European currencies ahead of the release. Gold and silver price rise limits. Separately, U.S. factory orders are expected, and the market is also looking ahead to the day when OPEC will assess the impact of the virus on demand of crude oil and U.S. crude inventories change last week, which are expected to stabilize crude prices in the short term and lead to gains.

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


11:30 RBA interest rate decision ***
18:00 Eurozone PPI for December **
23:00 U.S. factory orders for December ***
Next day 05:30 U.S. API crude oil stocks change***
US President delivers state of the union address ***
OPEC will assess the impact of the virus on demand ***




EURUSD
1.1075/1.1085 resistance
1.1030/1.1020 support
Germany and the Eurozone manufacturing PMI in January met market expectations for only modest growth. Preliminary estimates of Eurozone December PPI fell to 0%, bearish for the Euro. Last night, the U.S. manufacturing PMI beat market expectations. Coupled with the expected growth in U.S. factory orders tonight, it is likely to be bullish on the dollar and bearish on the Euro. It is believed that the Euro is likely to adjust its losses after the release of U.S. factory orders data tonight.



Pound to dollar
1.3050/1.3060 resistance
1.2960/1.2950 support
Britain has officially left the European Union, but not completed. The U.K. now entering a period of transition from the EU. Despite the positive comments from British prime minister Boris Johnson on Brexit, investors still not optimistic about the negotiation of a trade deal between the U.K. and the EU, and both sides cannot reach a consensus in the short term. Investors turn to pound investment cautious, take profit, short position cover. More importantly, the dollar rose and the pound fell on strong U.S. economic data. After tonight's U.S. data, the market looks to the U.S. ADP job data, which could limit the dollar's gains, the pound could end the decline.



Australian dollar
0.6725/0.6735 resistance
0.6680/0.6670 support
At 11.30 am in Beijing today, the RBA announced its decision on interest rates and the market is expected to keep them unchanged. But since the end of last year, the RBA chairman has said he intends to cut rates. The move, which had been limiting the rise of the Australian dollar before the decision, AUDUSD fell to a four-month low of around 0.6668. If the RBA keeps rates on hold and signals an economic growth outlook, the Australian dollar has a chance to rebound from its lows against the greenback. Technically, the reference AUDUSD trading lower is 0.6668. If not lost and rebound, look up to 0.6755 and 0.6800



Dollar to yen
108.95/109.05 resistance
108.20/108.10 support
Last night, Dow futures rebounded and global stock markets followed the trends. The dollar rose from a low against the yen. Investors are watching the U.S. factory orders for December are expected to rise. If the data performs better than expected, it could test 108.95 or 109.05 resistance. But worries could be heightened by the release of U.S. jobs data later. Technically, keep an eye on Dow futures. If Dow futures fall, the dollar will follow the trends.



USDCAD
1.3315/1.3325 resistance
1.3270/1.3260 support
Markets expect the global economy to slow in the first quarter and demand for crude oil products to fall. Crude oil prices fell, indirectly bearish the Canadian dollar. The market is now waiting for an OPEC meeting to agree on lower crude supplies. If OPEC members do not intend to cut output, crude oil prices continue to fall, are expected to further bearish the Canadian dollar. At this moment, keep waiting for the OPEC meeting and the U.S. crude oil inventory change, short-term indirect impact on the Canadian dollar volatility.



US crude oil futures
50.85/51.30 resistance
49.70/49.45 support
The market is watching OPEC members and non-members meet to discuss a cut in crude oil production. The OPEC is expected to propose interest rate cuts to stabilize crude oil prices. In the short term, investors watch U.S. factory order data and crude oil inventory change data, indirectly affect oil price volatility. Technically, though, crude fell below the $50.05 target support. Then supported by the fundamentals, recover lost ground. However, the current moving average in the hourly chart is still limiting price gains and it is estimated that crude oil prices could still fall before the 20-hour average is breached.



Gold
1585/1587 resistance
1573/1571 support
The global economic slowdown, and the likelihood that most of central Banks around the world will lean toward loose monetary policy, have an opportunity to push up the price of gold. But now U.S. economic data is beating expectations and Dow futures are up, limiting gold price. Dow futures fell if U.S. jobs data were weak. Believe that the gold prices will have the opportunity to continue to explore high. We recommend keeping a close eye on Dow futures, which move inversely to the gold trend.



U.S. Dow Jones industrial average futures US30
28645/28790 resistance
28320/28130 support
Financial institutions forecast a global economic slowdown in the first quarter, the news bearish Dow futures. But last night, Dow futures rebounded after strong U.S. economic data. If U.S. factory orders for December were only in line with market expectations for a 1.2%, Dow futures could adjust gains and test support ahead of tomorrow night's U.S. ADP job data, after which the market is expected to price in.



BTCUSD:
9575 / 9800 resistance
9050 / 8800 support
Most financial institutions forecast the global economic slowdown in the first quarter. Dow futures and Asian stock markets trading lower. Keep watching the Dow future and global stock market indexes. If Dow keeping downtrend, the bitcoin price could up.



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

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines.

Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 
For more analysis check out, please click the below link:


ATFX is a co-brand shared by a number of different entities globally including:
  • AT Global Markets (UK) Limited in the United Kingdom regulated by FCA;
  • ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC;
  • AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines;
  • AT Global Markets Intl Ltd in Mauritus is licensed by the Financial Services Commission (FSC) and;
  • AT Capital Markets Limited is a rep office of ATFX Global Markets (CY) Limited regulated by Financial Services Regulatory Authority (FSRA) and CySEC. AT Capital Markets Limited deals with Professional clients only.
Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 
ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Feb 5


Personal opinions today:

U.S. factory orders beat market expectations, US dollar and Dow futures rose, sending safe-haven assets out of the market. Gold, the silver price fell and the dollar/yen up. Expectations for gains in the dollar index and Dow futures could be limited before ADP jobs data release tonight, If the job data decline is greater than 150,000, the US dollar downtrend is expected to extend to U.S. non-farm payrolls data announced.

Markets looked ahead to European trading hours today. First, the final reading of German and Eurozone PMI for January and Eurozone retail sales for December. Meanwhile, Britain released its PMI for the services sector for January. Market forecasts for Eurozone and UK data were flat, but it is worth noting that Eurozone retail sales are expected to fall in December, bearish for the Euro, and bearish for the pound and the Swiss franc.

In U.S. trading, the U.S. released ADP job data. The report followed the release of the Markit and ISM PMI for January. If all data over expectation growth, the dollar index and Dow futures could stronger, bearish gold, silver and yen, and bullish crude oil prices.

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


09:30 China Caixin PMI for January **
14:45 Swiss consumer confidence index for Q1 **
16:55 Germany PMI services sector for January ***
17:00 Eurozone PMI for January **
17:30 UK services sector PMI for January **
18:00 Eurozone retail sales for December ***
20:15 ECB President speech ***
21:15 U.S. ADP job data for January ***
21:30 U.S. December trade account **
22:45 U.S. Markit services sector PMI for January ***
23:00 U.S. ISM non-manufacturing PMI for January ***
23:30 EIA crude oil inventories change**
The United States Senate voted to impeach the President


Euro
1.1065/1.1075 resistance
1.1030/1.1020 support
German and Eurozone manufacturing PMI for January met market expectations for a slight increase, while Eurozone PPI was flat in December. Then, U.S. factory orders growth outperforming the Eurozone, EURUSD fell. Market expectations Eurozone economic data expect fell and bearish the Euro. In the evening, ECB President’s speech, investors are waiting for her comments. The euro is currently expected to trade at $1.1020, as key support.

Pound to dollar
1.3050/1.3060 resistance
1.2960/1.2950 support
The economic and trade relations between the UK and the EU after Brexit still uncertainty, investors concern any risk of the deal, bearish pound. Separately, the dollar rose on strong U.S. economic data, sending the pound lower. Tonight the market in the US ADP job data for January and the final PMI for the service sector. The dollar's gains are now likely to be limited ahead of the data, with pound likely to test 1.3050 or 1.3060 resistance. Then please pay attention in US data tonight, judge the direction of the US dollar against the pound.

Australian dollar
0.6750/0.6760 resistance
0.6695/0.6685 support
The Australian dollar rebounded against the U.S. dollar yesterday after the RBA left rates unchanged The next step is to watch the performance of U.S. economic data tonight, estimated to limit the rise of the Australian dollar. Technically, AUDUSD trends from the low move up, looking for 0.6760 resistance. If the resistance is broken, the upper resistance is 0.6800.

Dollar to yen
109.45/109.55 resistance
108.80/108.70 support
U.S. economic data beat expectations and risk aversion cooled, Dow futures rebounded and the dollar tested 109.55 resistance against the yen. U.S. ADP jobs data tonight could raise concerns as investors wait to see the outcome, with Dow futures limiting gains and the dollar/ yen limiting 109.55 resistance. Technically, keep an eye on U.S. data and Dow futures tonight. If Dow futures fall, the dollar/ yen will follow the trends.

USDCAD
1.3315/1.3325 resistance
1.3270/1.3260 support
Crude oil inventories rose sharply last week, crude oil prices continue to fall, bearish Canadian dollar. Focus on OPEC discussions and comments today and impact on Canadian dollar volatility. If crude oil prices rebound, expect bullish Canadian dollars. In addition, investors watch the U.S. job data and economic data, indirectly affect the trend of the Canadian dollar.

US crude oil futures
51.00/51.30 resistance
49.65/49.45 support
The market is watching OPEC members meet to discuss a cut in crude oil production. If the OPEC will offer to cut production, the prices could rebound. In the short term, watch the U.S. jobs and economic data indirectly affect oil price volatility tonight. Technically, though, crude fell below the $50.05 target support. The market is expected to $49.45, supported by fundamental news, before regaining ground. Current hourly moving averages in USOIL chart limit gains, keeping an eye on 51.00 or 51.30 resistance.

Gold
1572/1574 resistance
1549/1547 support
U.S. economic data beat expectations, Dow futures rose and gold fell as risk aversion cooled. Gold has an opportunity to continue to test its highs if U.S. jobs data tonight is as weak as expected and Dow futures fall. Technically, keep an eye on Dow futures, which move in the opposite direction of gold.

U.S. Dow Jones industrial average futures US30
28890/29000 resistance
28645/28555 support
U.S. factory orders for December over market expectations for a 1.8% gain, a strong reading, and Dow futures rebounded. The market will be watching U.S. ADP jobs data tonight. If job data under investors’ expectation, Dow futures could test 28,645 or 28,555 support. If the data falls sharply, Dow futures could adjust further. References next support, 28325.

BTCUSD:
9575 / 9800 resistance
9050 / 8800 support
Keep watching the Dow future and global stock market indexes. If Dow keeping downtrend, the bitcoin price could up.

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

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines.

Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 


ATFX is a co-brand shared by a number of different entities globally including:
  • AT Global Markets (UK) Limited in the United Kingdom regulated by FCA;
  • ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC;
  • AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines;
  • AT Global Markets Intl Ltd in Mauritus is licensed by the Financial Services Commission (FSC) and;
  • AT Capital Markets Limited is a rep office of ATFX Global Markets (CY) Limited regulated by Financial Services Regulatory Authority (FSRA) and CySEC. AT Capital Markets Limited deals with Professional clients only.
Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 
:


ATFX is a co-brand shared by a number of different entities globally including:

  • AT Global Markets (UK) Limited in the United Kingdom regulated by FCA;
  • ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC;
  • AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines;
  • AT Global Markets Intl Ltd in Mauritus is licensed by the Financial Services Commission (FSC) and;
  • AT Capital Markets Limited is a rep office of ATFX Global Markets (CY) Limited regulated by Financial Services Regulatory Authority (FSRA) and CySEC. AT Capital Markets Limited deals with Professional clients only.
Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 
ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Feb 6


Personal opinions today:

The number of ADP beat market expectations to 291,000 last night. On top of that, the U.S. service sector PMI rose in January, while dollar index and Dow futures rose. The market is currently adjusting to the release of the official U.S. non-farm payrolls forecast for January, which could keep the dollar index and Dow futures rising ahead of the non-farm payrolls data tomorrow. Technically, note that the previous highs for the dollar index were 98.33 and 98.50, respectively, and the previous high for Dow futures was 29,406. The dollar index and Dow futures rose into related ranges, wary of investors locking in profits and trimming gains by covering short positions.

So far the Eurozone and Germany have reported data for January that is bearish for the Euro, and indirectly bearish for the pound and the Swiss franc, compared with U.S. economic data. Note that at 16:00 PM in Beijing time, ECB President gives a speech on whether the Euro will be allowed to strengthen the pound and the Swiss franc.

In the evening, U.S. weekly jobless claims data are expected to be bullish for the dollar, bullish for crude oil, bearish for gold and silver price. Dow futures performed after investors took note of the data. If Dow futures fell, could bearish for crude oil and bullish for gold and silver price.

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


15:00 German manufacturing orders for December **
16:00 ECB President speaks ***
16:30 German construction PMI for January **
20:30 U.S. companies shed jobs in January **
21:30 U.S. jobless claims change ***
22:15 Fed reserve's Kaplan speech **
22:45 U.S. Bloomberg consumer confidence index **


EURUSD
1.1015/1.1025 resistance
1.0980/1.0970 support

The Euro fell after strong U.S. economic and job data in January and weak Eurozone data. Technically, the Euro could test a late-year low of 1.0980. If Eurozone fundamentals worry, the EURUSD could hit a low of 1.0930 or 1.0880 for the second half of last year. Investors are waiting for comments from ECB President speaks and coming U.S. economic data, looking at the dollar trends against Euro.

Pound to dollar
1.3030/1.3040 resistance
1.2960/1.2950 support

Although the UK Brexit already, it is actually still in a no-deal, likely a hard Brexit. The UK and the EU are still negotiating a trade deal. In the absence of a final deal to decide, investors have no confidence to invest the British pound, bearish the British pound. Separately, strong U.S. economic and job data in January bullish the dollar higher and bearish the British pound. Technically, it is recommended to keep an eye on U.S. data over the next two days to gauge the direction of the British pound.

Australian dollar
0.6775/0.6785 resistance
0.6725/0.6715 support

The RBA kept interest rates on hold, released a rate cut expectation. Technically, the Australian dollar has rebounded from its low early last week to break through 0.6760 resistance. If it breaks, the upper resistance target is 0.6800. The focus is on strong U.S. economic data that could limit the Australian dollar's gains. However, the Australian economy is expected to grow faster in the first quarter, and the Australian dollar should be bullish. The Australian dollar should be bought after the adjustment.

Dollar to yen
109.95/110.15 resistance
109.55/109.45 support

Risk aversion cooled after better-than-expected U.S. economic and job data. In the Dow futures rose, the dollar against the yen tested 110 resistance. The number of U.S. jobless claims change was released tonight, and investors are looking ahead to an increase to 250,000 non-farm payroll number growth for tomorrow night. Dow futures are expected to continue to rise over the next two days and the dollar could test 110.15 resistance against the yen. Recommend keeping a close eye on U.S. data over the next two nights, believing Dow futures will move in the same direction as the dollar versus the yen.

USDCAD
1.3315/1.3325 resistance
1.3270/1.3260 support

The Canadian dollar rose as U.S. economic and job data beat expectations, dispelling fears of a sharp rise in crude inventories and slowing future demand. Continue to watch OPEC discuss interest rate cuts, short-term indirect impact on the Canadian dollar volatility. If crude oil continues to break through resistance at $52.38 and continues to rise, expect to see a bullish Canadian dollar. On the other hand, strong U.S. employment and economic data have led to gains in the Canadian dollar. Technically, USDCAD breaks through 1.3260 support, looking for 1.3180 support.

US crude oil futures
52.35/52.60 resistance
50.65/50.35 support

Strong job and economic data in the United States have bullish crude oil prices. Yesterday, here we said that the fundamentals of the crude oil market were positive, with oil trading at $49.45 support. Crude oil prices are above $50, above in the hourly moving average, and could test $52.35 or $52.60 resistance ahead of U.S.non-farm payrolls data tomorrow.

Gold
1565/1567 resistance
1549/1547 support

U.S. economic data beat expectations, Dow futures rose and gold fell as risk aversion cooled. It is believed that the U.S. non-farm payrolls data, if not for a sudden event to stimulate gold prices, or Dow futures decline, triggered the flow of funds into the gold market. Gold prices are expected to limit gains. Technically, a preliminary assessment of gold price moves between $1549 or $1547 support and $1565 or $1567 resistance.

U.S. Dow Jones industrial average futures US30
29415/29515 resistance
29295/29110 support

U.S. economic and job data over the investor’s expectation. U.S. ADP job data rose much more than expected last night then Dow futures rebounded and back to record high 29400 levels. Investors will wait to see the official non-farm payrolls data tomorrow night. With investors already pricing in these all good data, Dow futures could see gains in ranging and adjust slightly.

BTCUSD:
9575 / 9800 resistance
9050 / 8800 support

U.S. ADP job data rose much more than expected last night then Dow futures rebounded nearly 500 points, back to record high 29400 levels. Keep watching the Dow future and global stock market indexes. If Dow reverse and fall, the bitcoin price could up. Otherwise, the bitcoin price hits $9575 or $9800 resistance, investors would take profit or hedging for protest profit.

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

Legal: AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines.

Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 
For more analysis check out, please click the below link:


ATFX is a co-brand shared by a number of different entities globally including:

  • AT Global Markets (UK) Limited in the United Kingdom regulated by FCA;
  • ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC;
  • AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines;
  • AT Global Markets Intl Ltd in Mauritus is licensed by the Financial Services Commission (FSC) and;
  • AT Capital Markets Limited is a rep office of ATFX Global Markets (CY) Limited regulated by Financial Services Regulatory Authority (FSRA) and CySEC. AT Capital Markets Limited deals with Professional clients only.
Website: https://www.atfx.com/gm/en/?utm_sou...utm_campaign=other_media-buy_press-release_en
 
ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Feb 7


Personal opinions today:

U.S. job data, such as ADP and jobless claims last week beat market expectations. U.S. payroll rose to 291,000 in January and jobless claims fell last week, keeping the dollar index and Dow futures on an upward trend in line with expectations for U.S. economic growth. Official U.S. non-farm payrolls for January are also expected to rise above 250,000. If the U.S. non-farm payroll data beat market expectations and hit 300,000 or above. In addition, the U.S. average hourly wages rose more than 0.3% in January, and the U.S. dollar index and Dow futures are expected to maintain gains ahead of next week's U.S. consumer price index for January. Technically noteworthy, when the non-farm payrolls released then the technical adjustment. Moreover, investors watch for volatility in the U.S. dollar index and Dow futures and the possibility of a correction after a high.

Ultimately, of course, investors will pay attention to the non-farm payroll data and average hourly wage performance, and then to the dollar index and Dow futures, which indirectly affect European currencies, gold prices, and crude oil prices. In addition, the federal reserve will release its semi-annual monetary policy report to Congress, and the policy orientation is the focus of the market. If the fed signals an optimistic economic outlook, it does not expect a rate cut. Believe the dollar index rose, but Dow futures could fall.

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

10:50 China trade account in U.S. dollars ***
15:00 German industrial output in December **
15:00 Germany trade account and current account ***
16:00 China foreign exchange reserves in January **
16:30 U.K. house price index in January *
21:30 U.S. non-farm payrolls and unemployment rate ***
23:00 U.S. December wholesale sales *
24:00 U.S. Fed semiannual monetary policy congress ***

eurusd
1.1015/1.1025 resistance
1.0955/1.0945 support

U.S. nonfarm payrolls and the unemployment rate in January and the fed's semiannual monetary policy report to Congress were the market's focus. The euro dipped to a late-year low of 1.0980 against the dollar on the back of recent strong U.S. jobs data, having fallen as low as 1.0965 yesterday. If the eurozone economy and monetary policy remain below that of the United States, the euro could fall further to its low of 1.0930 or 1.0880 against the dollar in the second half of last year. Recommendations for tonight's U.S. January non-farm payrolls and unemployment results, as well as the federal reserve's monetary policy report. Believe that the euro against the dollar in this period of volatility. Technically, resistance at $1.1025 remains unbroken and the trend could continue to fall.

Pound to dollar
1.3000/1.3025 resistance
1.2905/1.2885 support

Investors have turned cautious on the pound, which has been in negative territory since the UK left the EU and is still negotiating a trade deal. Coupled with strong U.S. economic and job data in January, the dollar rose and the pound continued its downward trend. Technically, it is recommended to keep an eye on U.S. data to gauge the direction of the pound against the dollar. Technically, the pound is in support of $1.2905 or $1.2885, with resistance at $1.3000 and $1.3025.

Australian dollar
0.6745/0.6755 resistance
0.6700/0.6685 support

As investors focused on strong U.S. economic and employment data, the U.S. dollar index rose, limiting the rise in the Australian dollar, probably adjustment. But the AUDUSD rose after RBA forecast the Australian economy could see faster growth in the first quarter, possibly pending U.S. non-farm payrolls data tonight. Recommended to keep the Australian dollar after the adjustment, buy the Australian dollar at low. Technically, look down for 0.6685 support and 0.6755 resistance.

Dollar to yen
110.05/110.20 resistance
109.55/109.45 support

Risk aversion cooled after better-than-expected U.S. economic and job data in January. In the United States Dow futures rose, the dollar against the yen tested 110 resistance. Tonight's U.S. non-farm payroll data is expected to show a rise to 250,000. Dow futures are still up and the dollar could test 110.20 resistance against the yen if it meets those expectations. Advice to keep an eye on U.S. data and Dow futures tonight. Normally, Dow futures move in the same direction as the dollar versus the yen.

USDCAD
1.3315/1.3325 resistance
1.3270/1.3260 support

The Canadian dollar rose as U.S. economic and job data beat expectations, dispelling fears of a sharp rise in crude inventories and slowing future demand. If crude oil continues to break through resistance at $52.38 and continues to rise, expect to see a bullish Canadian dollar. In addition, the market to watch tonight's U.S. jobs data, when it will indirectly affect the Canadian dollar volatility. Technically, USDCAD breaks through 1.3260 support, looking for 1.3180 support.

US crude oil futures
52.35/52.60 resistance
50.65/50.35 support

In recent days, the United States released strong job and economic data, the indirect bullish crude oil prices. Oil market fundamentals are supportive and could continue to stabilize prices, this analysis said recently. Oil is now technically above $50, above the hourly moving average, and could test 52.35 or 52.60 resistance ahead of U.S non-farm payroll data tonight. But Crude oil prices rose after the release of non-farm payrolls data.

gold
1570/1572 resistance
1550/1548 support

Dow Jones futures rose on better-than-expected U.S. economic data, while gold fell as risk aversion cooled. Yesterday, gold prices adjusted for losses, waiting for the U.S.non-farm payroll data. If U.S. non-farm data disappoint markets, that could spur gold prices higher. It is recommended to keep an eye on the performance of U.S. non-farm payroll data, as well as the volatility of Dow futures, for sentiment and gold prices.

U.S. dow Jones industrial average futures US30
29415/29515 resistance
29295/29110 support

Dow futures rose after strong U.S. data in recent days, with U.S. payrolls rising much more than expected in January. The market is digesting the data and looking ahead to tonight's official U.S. non-farm payrolls data for January. With investors already pricing in positive data, Dow futures could see gains narrow and adjust slightly. It is more likely to fall after the non-farm payroll data. If average U.S. average hourly wages rise less than expected to rise 0.3% in January, the correction in Dow futures could deepen.

BTCUSD:
9800 / 9975 resistance
9050 / 8800 support

U.S. ADP job data rose much more than expected last night then Dow futures rebounded, back to record high 29400 levels. Keep watching the Dow future and global stock market indexes. If Dow reverse and fall, the bitcoin price could up. Otherwise, the bitcoin price hits $9800 resistance, investors would take profit or hedging for protest profit.

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