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ATFX Market Updates February 2019

Discussion in 'Company Articles' started by Kelly Yeung, Jan 31, 2019.

  1. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today:
    The market all looking at the US non-farm payrolls, unemployment rate and average wage tonight.
    According to data released by the US ADP job data, the results higher than the market expectations reached 213,000. Which represents that the continued expansion of employment in private sectors. The data will help raise the expectations of the non-farm payroll tonight. The dollar began to strengthen last night, ready to the important data tonight.

    This afternoon, Switzerland announced consumer confidence index and retail sales. The Eurozone and the UK respectively announced the Manufacturing Purchasing Managers Index (PMl), followed by the Eurozone Consumer Price Index (CPl). The market places great emphasis on Eurozone inflation data, CPl data. Then at 21:30 pm Beijing time, the United States released important data, including non-farm payroll, unemployment rate and average wages. At 23:00, the University of Michigan Consumer Confidence Index and the lSM Manufacturing Purchasing Managers Index (PMI) are also important. The US data performance will change the dollar value and the dollar trend may have a continuous impact on next week.

    In addition, the US important data released tonight, the general market is relatively volatile. Due to the accelerated market speed, the market price and the transaction price provided by financial institutions may differ, so please pay attention to the relevant transaction risks. It is recommended to handle the position control 10 minutes before and after 21:30, avoid the impact of market volatility.

    Today's suggestion:
    EURUSD

    1.1470/1.1485 resistance
    1.1420/1.1405 support
    Yesterday, the analysis pointed out that it is expected that before the European opening yesterday, the euro will develop below the resistance of 1.1525, and then the performance of the euro zone data will be developed in the evening. The euro was supported at 1.450 against the dollar. Technically, the euro has adjusted over 61.8% against the US dollar, meaning the euro is going weak. If the euro zone announces that the consumer price index (CPl) is weaker than market expectations at 6 pm Beijing time, the euro will have the opportunity to test 1.1405 or below.

    GBPUSD
    1.3145/1.3160 resistance
    1.3055/1.3040 support
    Last night, the United States announced that the number of initial jobless claims increased to 250,000. The US dollar has weakened. The GBP/USD has tested the expected resistance limit of 1.3160 against the US dollar. After the European closing, the exchange rate fell. Today's market focus is on the performance of the Eurozone and UK data. In addition, the performance of the US non-farm payrolls and average wage data at night is more likely to appear in the market volatility against the US dollar. In addition, the Bank of England announced its interest rate decision next Thursday, expecting the pound is going weaken.

    USDCHF
    0.9960/0.9980 resistance
    0.9905/0.9885 support
    The Fed kept interest rates unchanged and was negative for the dollar. Tonight, the United States announced the non-farm payrolls and average wage data for January. The market is watching the Swiss franc being consolidated. Technically, the US dollar against the Swiss franc is expected to test the key support 0.9905. Before the evening, we must pay attention to the important data performance of the Eurozone, which indirectly affects the trend of the Swiss Franc.

    USD/JPY
    109.20/109.50 resistance
    108.75/108.45 support
    The Fed’s interest rate and monetary policy remain unchanged, suggesting that the pace of interest rate hikes will be suspended, the dollar will weaken, and the dollar will fall against the yen. However, the Fed decided to cause the US Dow to rise, which is expected to drive the Japanese Nikkei index to rise and have the opportunity to boost the dollar against the yen. It is recommended to pay close attention to changes in global stock markets, especially the US Dow futures. Under the important data of the United States tonight, pay attention to the strength of the data and drive the dollar against the yen. At present, the Asian stock market is doing well, and it is estimated that the USD/JPY has the opportunity to test resistance.

    AUDUSD
    0.7275/0.7295 resistance
    0.7225/0.7210 support
    Although the Fed’s interest rate decision has been positive for Aussie dollar. In addition, the rising in copper prices also supports the Australian dollar. However, the current Sino-US trade negotiations are not progressing well as expected. The coming US important data, non-farm payroll may also remain above 220,000. It is estimated that the Australian dollar may be adjusted against the US dollar and will continue to develop after the performance of the US data.

    NZDUSD
    0.6920/0.6935 resistance
    0.6870/0.6855 support
    At present, the progress of Sino-US trade negotiations is not as expected. The US non-farm payroll may remain stable tonight, and the New Zealand dollar may be adjusted against the US dollar. Refer to the important resistance of 0.6935, support at 0.6870 and 0.6855, if there is further weakness in the support of the New Zealand dollar.

    USD/CAD
    1.3185/1.3210 resistance
    1.3125/1.3105 support
    The Fed kept interest rates unchanged and crude oil prices remained at a high of $54, supporting the Canadian dollar. If the US job data is good, the dollar will rise and it will be negative for the Canadian dollar. But the performance of crude oil underestimate lead the Canadian dollar. Technically, at this stage, the US dollar against the Canadian dollar has the opportunity to rebound to the resistance of 1.3185 or 1.3210, keep watching the trend may be changed anytime tonight!

    EUR/GBP
    0.8765/0.8780 resistance
    0.8700/0.8675 support
    Consistent with yesterday's analysis, the important data in the euro zone was announced in the afternoon. If the data is weak, the euro will fall, or the euro will fall against the pound, so stay tuned! .

    EURCHF
    1.1405/1.1420 resistance
    1.1360/1.1345 support
    Consistent with yesterday's analysis, pay attention to the important data of the Eurozone in the afternoon. If the data is weak, the Euro will fall, or the Euro will fall against the Swiss Franc, keep watching the trend.

    XAUUSD
    1322/1326 resistance
    1316/1312 support
    The market waits for the US job market report. From the data of US private enterprise positions recently, the US non-farm payrolls have the opportunity to maintain a population of 220,000 tonight. In addition, the average wage is expected to maintain a growth rate of more than 0.2%. If the US jobs and wage levels keep increasing, the gold price adjustment may fall below the 1312 support level, and the gold price is expected to continue to fall further. Short-term important resistance is $1325 and $1,326, and the risk is high.

    US crude oil futures:
    54.90/55.30 resistance
    53.35/52.85 support
    Before the Fed’s interest rate decision, the price increase of crude oil was limited. The Fed said that it was patient and waiting for interest rate hikes. Crude oil prices were supported. Crude oil prices were tested at $55, but they quickly fell back and lost $54. At present, the market pays attention to the US employment population and wage level report. If the data is not outstanding, pay attention to the deep adjustment of crude oil prices.

    US Dow Jones Industrial Index Futures US30
    25090/25165 resistance
    24870/24790 support
    The Fed decided to raise interest rates and the Dow rebounded. However, the second round of negotiations between China and the United States was not as optimistic as expected, and it needed to be reserved for the next meeting and failed to boost the investment climate. In addition, it must be noted that when the performance of individual large US companies is announced, there is a large fluctuation in the stock market, and it is recommended to be careful about trading.

    BTCUSD:
    3280 / 3100 support
    3750 / 3950 resistance
    The Fed monetary policy remain unchanged, which will be positive the cryptocurrencies market. The crypto currencies seems better. Technically, the bitcoin price keep testing the support. If the crypto currencies demand increased which support the price of bitcoin rebound, the first target maybe set at US3750.

    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.
     
  2. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today
    The European economy outlook and the Brexit process uncertainty, affecting the performance of European currencies. In addition, the market is waiting the development of Sino-US trade negotiations, investment sentiment is more concerned, and global stock markets are expected to remain conservative. In addition, the US Dow's trend is still unstable, and safety funds may transfer to the gold, silver and the yen. At present, if the risk aversion continues to heat up, it is estimated that the price of gold will remain above 1,300 US dollars, and the USD/JPY may encounter obstacles at the 110 level.
    Concerning the European currency performance this week. UK will announced a number of important data, which today focus on the UK's fourth quarter GDP, then followed by the UK consumer price index and retail sales data. In addition, the Brexit situation is still unclear, and the pound still has a downside risk, even affected the euro and Swiss francs momentum.
    Today's suggestion:
    EURUSD

    1.1360/1.1380 resistance
    1.1305/1.1285 support
    The EU's outlook for the economy is expected to be weak. At the beginning of this week, there was a lack of reference to the economic data of the Eurozone. The market may follow the important data of the UK to drive the Euro. Technically, the euro against the dollar resistance of 1.1380 is an important key. In addition, the important support level, 1.1285 is worth noting. The overall value of the euro is expected to be consolidated above or above this important support level. But you must pay attention to trading risks!
    GBPUSD
    1.2975/1.3000 resistance
    1.2905/1.2880 support
    After the Bank of England’s interest rate decision last week, the Bank of England Governor expressed his pessimistic stance and affected the sentiment of the pound. It is worth noting the performance of a number of important data in the UK this week, with a focus on the UK's fourth quarter domestic production GDP announced this afternoon. If the performance is better than the previous season, the exchange rate is expected to rebound, and the test level is 1.30. Of course, if the Brexit event is expected to become clearer in advance and the fundamentals are improved, the pound will be expected to further increase its gains. Technically, 1.3045 and 1.3060 are expected to be important resistance, but you must pay attention to trading risks!
    USDCHF
    1.0045/1.0060 resistance
    0.9985/0.9960 support
    The European economic data and prospects are weak, and the Swiss franc is indirectly dragged down. At the beginning of the week, the euro zone lacked economic data reference. If it is supported by important data from the UK or good news from Brexit, it is expected to help the Swiss franc. The overall Swiss franc value, the dollar against the Swiss franc is expected to consolidate at 1.0060, but must pay attention to trading risks!
    USD/JPY
    109.90/110.15 resistance
    109.55/109.30 support
    Today's Japanese holiday, the Japanese market is closed, but Japan's Nikkei futures will still be affected by market news and atmosphere, driving the dollar against the yen. The market has been concerned about the trend of US Dow futures, driving the development of the Japanese Nikkei and the US dollar against the yen. Technically, if the relevant stock market falls, the USD/JPY can pay attention to 109.30 as an important support. On the contrary, the relevant stock market rises, you can pay attention to 110.15 as an important resistance.
    AUDUSD
    0.7115/0.7135 resistance
    0.7045/0.7020 support
    Last week, the Australian Federal Reserve Bank’s monetary policy orientation was pessimistic, which caused the Australian dollar to fall. At present, the market is concerned about whether the Australian Federal Reserve Bank's monetary policy orientation will affect the monetary policy orientation of the New Zealand Federal Reserve Bank on Wednesday morning, which will indirectly affect the decline of the Australian dollar. In addition, the next round of Sino-US ministerial trade negotiations will be held on Thursday. If the current negotiating relationship and good atmosphere between the two parties is good, it is expected to change the recent weakening trend of the Australian dollar. Technically, it is expected that the Australian dollar will be adjusted against the US dollar. At present, it will avoid falling below the 0.7020 support risk. If there is good news to break the resistance of 0.7135, the Australian dollar is expected to test the 0.72 level, but please pay attention to the short-term risks and fluctuations!
    NZDUSD
    0.6775/0.6805 resistance
    0.6755/0.6735 support
    On Wednesday morning, the Reserve Bank of New Zealand announced the interest rate decision. The market will wait for the monetary policy orientation to follow the policy direction of the Reserve Bank of Australia and affect the downside risks of the New Zealand dollar. In addition, the atmosphere of the next round of Sino-US ministerial trade negotiations remains one of the key factors. If the atmosphere is good, it is expected to change the recent weakening trend of the New Zealand dollar. Technically, the 0.6805 resistance is very important. If this resistance is broken, the market sentiment will be improved and the New Zealand dollar will still have room to rise.
    USD/CAD
    1.3325/1.3340 resistance
    1.3265/1.3250 support
    Crude oil prices were weak and prices fell to $52, which hindered the Canadian dollar from rising. Today you can pay attention to the performance of Canada's national economic confidence index. In addition, pay close attention to the development of crude oil price adjustment. If crude oil prices continue to fall, the dollar will have a chance to follow the rise. The first important resistance is 1.3340, so stay tuned!
    EUR/GBP
    0.8765/0.8780 resistance
    0.8720/0.8695 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. This afternoon, you can refer to the UK's fourth quarter GDP GDP performance. If it beats the previous season's performance and market expectations, it may cause the euro to fall against the pound. Technically, 0.8780 is an important resistance reference, so stay tuned! .
    EURCHF
    1.1335/1.1350 resistance
    1.1300/1.1285 support
    The euro fell in response to the weak performance of the Eurozone economic data and the Dove of the European Central Bank's monetary policy. Following last week's analysis, the euro fell against the Swiss franc. At present, the Eurozone lacks economic data. The only reference is how the UK data affects the Euro. Please pay attention to the performance of the UK's fourth quarter GDP in the afternoon.
    XAUUSD
    1316/1318 resistance
    1307/1305 support
    The global economy predicts a slowdown and supports the rise in gold prices. If pessimism continues to heat up, it will cause the stock market to fall, stimulating the rise in gold prices. The initial technical resistance is $1316, so stay tuned! If the Sino-US ministerial meeting has a good atmosphere and the market risk aversion is cooling down, China and the US stock market will rise, and gold and silver prices are expected to adjust downward. It is recommended to pay close attention to the news and catch the market sentiment.
    US crude oil futures:
    52.90/53.40 resistance
    52.05/51.75 support
    Sino-US trade talks will soon be held again, but the market is still worried about the slowdown in crude oil demand and crude oil prices continue to be affected. Technically, after the crude oil futures price has fallen below $54, the crude oil price continues to undergo a deep adjustment and may test for $50. Technically, if short-term crude oil prices fall below 51.75 support, the next level of support may be $50.80.
    US Dow Jones Industrial Index Futures US30
    25160/25225 resistance
    24890/24750 support
    The market is looking forward to the consultations between China and the United States on Thursday, and the relationship between the two sides has become the primary focus. Fortunately, the positive attitude of both sides is helping to improve the investment climate. In addition, the announcement of the performance of large US companies still affects stock market volatility and suggests careful trading. Technically, if the 24750 support is lost, the trend may further widen the decline.
    BTCUSD:
    3480 / 3280 support
    3750 / 3950 resistance
    The global economy predicts a slowdown and supports the demand of the cryptocurrency. If the cryptocurrencies keeping the demand and the dollar depreciation that will increase the demand for the cryptocurrencies, the price of bitcoin could be rebound further. The first resistance will test US3750.

    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.
     
  3. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today

    The impact of the Brexit uncertainty in the UK has plagued the UK and European economies, causing almost European currencies down against the USD. From yesterday the UK reported, the fourth quarter GDP of the UK fell to 1.3%, down from 1.5% last month and 1.4% expected by the market. Also, the UK construction output and industrial production fell, reflecting the uncertainty of the Brexit continue to hamper the UK's economic development. Along with the weak European economic data, the overall European currency performance continued to be weak. In addition, the market is waiting the for Sino-US trade negotiations on Thursday, investment sentiment is cautious.

    In this morning, Australia announced that the housing loan license has fallen sharply from the previous value and market expectations. Fortunately, the business climate index and business confidence index remain strong, and the Australian dollar and New Zealand dollar have limited declines against the US dollar. The market is concerned about the interest rate decision and monetary policy of the New Zealand Federal Reserve Bank tomorrow morning. If the New Zealand Federal Reserve Bank will maintain the interest rates and positive monetary policy outlook. The Australian dollar and New Zealand dollar will release the downward pressure. The other way is the China RMB rebound, it could be moved the Australian dollar and the New Zealand dollar go up.

    Today, the market has no important economic data released in Europe and the United States. Most of the investors paying attention to the Bank of England Governor Mark Carney speech. If his remarks remain pessimistic, it is more likely to reflect the UK inflation data could be fall. The GBP/USD hard to rebound in the short term. In addition, the commodity market is concerned about the release of the API’s crude oil inventory report tomorrow morning, which has an impact on the crude oil price and the US Dow Jones Industrial Average Index.

    Today's suggestion:

    EURUSD
    1.1300/1.1325 resistance
    1.1245/1.1220 support
    The European economic data is weak, and the UK's economic growth has fallen, dragging down the euro. At the beginning of this week, there was a lack of reference to the economic data of the Eurozone. The market may use other important data from the UK to drive the development of the Euro. It is worth paying attention to the speech of the Bank of England Governor speech tonight and the performance of the UK consumer price index CPl tomorrow. It is expected that the trend of the pound will lead the euro. Technically, the EIRUSD have the opportunity to test last year's low of 1.1217!

    GBPUSD
    1.2905/1.2925 resistance
    1.2835/1.2815 support
    After the Bank of England’s interest rate decision last week, the Bank of England Governor expressed his pessimistic stance and affected the sentiment of the pound. The Governor of the Bank of England made another speech tonight, believing that the position will not change. Coupled with the announcement of the decline in GDP in the fourth quarter of the UK, it is difficuregain ack the market confidence and the pounI could be keeping weak. Technically, keep an eye on last year's low 1.2815 important support.

    USDCHF
    1.0060/1.0090 resistance
    1.0030/1.0000 support
    European economic data and prospects are weak, the UK's economic growth is declining, and it is predicted that UK inflation will slow down as well. The Swiss franc is indirectly dragged down. Technically, the US dollar against the Swiss franc is expected to consolidate at 1.0060, but it must be noted that the dollar may further break through against the Swiss franc.

    USDJPY
    110.60/110.95 resistance
    109.85/109.50 support
    Sino-US trade negotiation will be held on Thursday, and the Japanese stock market opened higher, driving the dollar to rise against the yen. Technically, the USDJPY broke the important resistance of 110.15, and the next step is to try to test 110.60 and 110.95 resistance. However, if the Nikkei index falls, the USD/JPY trend is likely to reverse.

    AUDUSD
    0.7115/0.7135 resistance
    0.7055/0.7040 support
    The weak Australian economic data and the strength of the US dollar have caused the Australian dollar to fall. However, the most important Sino-US trade negotiations are imminent, and it is expected to change the recent weakness of the Australian dollar. Technically, it is expected that the Australian dollar will be adjusted against the US dollar. At present, it will avoid falling below the 0.7020 support risk. If there is any good news to break the resistance of 0.7135, the Australian dollar is expected to test the 0.72 level, but please pay attention to the short-term risks and fluctuations!

    NZDUSD
    0.6755/0.6775 resistance
    0.6715/0.6695 support
    The Bank of New Zealand’s Federal Reserve Bank announced the interest rate decision tomorrow morning. The market will wait for the monetary policy orientation to follow the monetary policy of the Reserve Bank of Australia, which currently affects the downside risks of the New Zealand dollar. The Sino-US trade negotiations will soon be held on Thursday. If the atmosphere is good, it is expected to make progress, and it is expected to change the recent weakening trend of the New Zealand dollar. Technically, the 0.6805 resistance is very important. If this resistance is broken, the market sentiment will be improved and the New Zealand dollar will still have room to rise.

    USDCAD
    1.3325/1.3340 resistance
    1.3265/1.3250 support
    Crude oil prices were weak and prices fell to $52, which hindered the Canadian dollar from rising. In addition, pay close attention to the amount of crude oil inventories and the development of crude oil prices. If crude oil inventories increase substantially and crude oil prices continue to fall, the dollar will have a chance to follow the rise. Now may keep waiting for the first important resistance is 1.3340!

    EUR/GBP
    0.8780/0.8805 resistance
    0.8740/0.8725 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the pound. Yesterday, the UK's GDP data for the fourth quarter of the year was weak, but it still dragged down the euro. Finally, the euro rose slightly against the pound. Technically, 0.8780 is the first important resistance reference.

    EURCHF
    1.1335/1.1350 resistance
    1.1300/1.1285 support
    The economic performance of the Eurozone and the overall European area was weak, and the European Central Bank’s monetary policy is dovish caused the euro to fall, which further dragged the Swiss franc. The two sides are weak, and the volatility of the euro against the Swiss franc has not changed much.

    XAUUSD
    1311/1313 resistance
    1305/1303 support
    Global stock markets tend to be conservative, and economic data disappoints the market. Last night, the US Dow and European stock markets generally fell, the price of crude oil continued to weaken, and gold and silver prices were supported. If the situation remains unchanged, it is estimated that the price of gold will maintain above $1,300. Technically, $1,305 and $1,303 are the first important support areas. If the Global stock markets fell, gold prices have the opportunity to rise further, test the resistance area of 1311/1313.

    US crude oil futures:
    52.90/53.40 resistance
    52.05/51.75 support
    The market is still worried about the slowdown in crude oil demand. Crude oil prices have fallen below 51.75 support and have seen $51.25. Technically, crude oil futures prices still have a chance to adjust in depth, testing $50 for support. However, short-term factors include the amount of crude oil inventories tomorrow and the outcome of Sino-US trade negotiations. If both sides will bring a positive message, the crude oil price will have a chance to rebound, and the test will be $54.

    US Dow Jones Industrial Index Futures US
    3025190/25235 resistance
    24880/24750 support
    The market looks forward to the meeting and the outcome between China and the United States. If any good new, it will help to improve the investment climate. It is estimated that before the official start of negotiations, the stock market trend is repeated, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 24880 support, the trend may further widen the decline. Technically, it may pay attention to the adjustment of the next level of important support 24750.

    BTCUSD:
    3480 / 3280 support
    3750 / 3950 resistance
    The global economy predicts a slowdown, it maybe increases the demand of the cryptocurrency investment. If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.

    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.
     
  4. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today

    The partial suspension of the US government, which has plagued the United States for some time, is expected to be resolved because the Labour Party and the Democratic Party are expected to reach a Mexican border fence agreement. If the US President finally passes the bill, it is expected that the appropriation bill will be signed tonight as soon as possible in Beijing time. The US government can obtain funds to prevent the crisis again. The news stimulated the US Dow to rebound, breaking through the high of 25,436 points created on February 6. The US Dow captained and drove the European stock market and Japan's Nikkei index to rise. USD/JPY continued to improve at 110, crude oil prices were supported, but gold and silver prices fell.

    In addition, the British government intends to resolve the Brexit issue and avoid the British economy in trouble. The British Prime Minister said that she plans to resolve the draft Brexit as soon as possible, and the pound rebounded. The news helped the euro and the Swiss franc rebounded as well. However, because it is only a speech, it is estimated that the stimulus is limited. The market will pay attention to the performance of UK inflation data this afternoon.

    This morning, the New Zealand Federal Reserve Bank remained the interest rate unchanged, and the monetary policy indicated that the interest rate hike was postponed. It is expected to be 2021. As the market pessimism has long been reflected before the announcement. Also, the Sino-US trade negotiations is coming. This facto is positive, has indirectly stimulated the New Zealand dollar to rebound by more than 100 points . Other focus of the market include the UK Consumer Price Index and the retail price index. The US consumer price index and real income. Tomorrow morning at 3:00, the US government budget also important.
    Today's suggestion:
    EURUSD

    1.1355/1.1375 resistance
    1.1305/1.1285 support
    The British pound rebounds and the euro following. If the UK inflation data is weaker than expected in the afternoon, and the US inflation data is better than expected, the euro has the opportunity to go down. For reference, the Eurozone GDP performance also important. Technically, the euro rebounded from a low level, calculating a rebound rate of 38.2%, with a first target of 1.1355. If the test fails, it will test the support below are 1.1305 or 1.1285 respectively, depending on the influence of the performance of the UK and US data today.

    GBPUSD
    1.2910/1.2935 resistance
    1.2855/1.2835 support
    The Governor of the Bank of England continued to express pessimistic economic forecasts and monetary policy stances, affecting the sentiment of the pound. However, the British Prime Minister expressed her positive speech about the Brexit Agreement and stimulated the rebound of the pound. The rebound in the pound is limited and it is related to the effectiveness of the British Prime Minister’s comments. The market expects UK inflation to fall. Coupled with the expected rise in US inflation data, the main reason for the weak rebound in the pound. Technically, if fail to break 1.2910 or 1.2935 resistance with the impact of bad economic data, the pound against the dollar has the opportunity to test the 1.2850 or 1.2835 support.

    USDCHF
    1.0090/1.0120 resistance
    1.0045/1.0015 support
    The British Prime Minister’s speech has stimulated the rise of the European currency, but the economic outlook has still not improved. The Swiss franc will be continue to be negative. In addition, US inflation data is forecast to rise, which is positive for the US dollar, negative to the Swiss franc. Technically, the US dollar against the Swiss franc is expected to eventually consolidate within the resistance range of 1.0090 or 1.0120. If adjusted, just following the technical support.

    USDJPY
    110.75/110.95 resistance
    110.35/110.15 support
    The US government is expected to receive funding to prevent the government from temporarily shutting down again. The US Dow rebounds and safe-haven funds are flowing out of the yen. In addition, Sino-US trade negotiations will be held, and the Japanese stock market will rise, driving the dollar against the yen to remain strong. Technically, the USDJPY has a chance to test 110.95, but it is necessary to take a closer look at whether the market has more good news to stimulate the global stock market to rise. Conversely, the USD/JPY trend is likely to reverse, falling back to 110.35 or 110.15 support.

    AUDUSD
    0.7135/0.7155 resistance
    0.7075/0.7050 support
    The US government is expected to receive funding to prevent the government from temporarily shutting down and stimulating the investment climate. In addition, the market is expected to make progress on Sino-US trade negotiations on Thursday, positive for the Australian dollar. As recently analyzed, it is expected that the adjustment of the Australian dollar against the US dollar is completed, to avoid falling below the 0.7020 support risk, and if there is good news, it will break through the resistance of 0.7135. At the moment, pay close attention to the Australian dollar to break through the resistance, and then try the 0.72 level, but please pay attention to short-term risks and fluctuations!

    NZDUSD
    0.6840/0.6855 resistance
    0.6805/0.6790 support
    In the morning, the New Zealand Federal Reserve Bank announced the interest rate decision. The monetary policy did not show a pessimistic stance. It only indicated that the interest rate hike was delayed. The relevant position changed the recent downward pressure on the New Zealand dollar and rebounded strongly. The Sino-US trade negotiations were held on Thursday. The current atmosphere is good, supporting the the New Zealand dollar. As recently pointed out, the resistance of 0.6805 is very important. If the resistance is breakthrough, it will represent an improvement in the market sentiment. If Sino-US trade relations continue to improve, the New Zealand dollar still has room to rise against the US dollar. A conservative estimate is that the initial resistance is 0.6855.

    USDCAD
    1.3325/1.3340 resistance
    1.3265/1.3250 support
    The United States government maybe avoid a lockout. In addition, crude oil inventories have decreased, crude oil prices have rebounded, and the US dollar level has risen, stimulating the Canadian dollar. In addition, if the Sino-US trade negotiations progress and stimulate demand for crude oil demand, it can also stimulate the Canadian dollar to rise further. Closely watching the performance of US inflation data tonight, if it better than the expectations, it means that the demand for crude oil is expected to increase, which will positive the Canadian dollar.

    EURGBP
    0.8805/0.8820 resistance
    0.8755/0.8740 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK's fourth-quarter GDP GDP data was weak. The UK released inflation data this afternoon. The market continues to wait and see, and the pound has downside risks. The opportunity to raise the euro against the pound. Yesterday pointed out that technically, 0.8780 is the first important resistance reference, while the next level of resistance is 0.8805 and 0.8820.

    EURCHF
    1.1405/1.1420 resistance
    1.1380/1.1365 support
    Stimulated by the British Prime Minister’s remarks, the euro benefited. The euro is stronger than the Swiss franc. In the end, the EURCHF rose. Technically concerned about the resistance of 1.1405 or 1.1420, if there is an adjustment, the first support target is 1.1380 or 1.1365.

    XAUUSD
    1314/1316 resistance
    1307/1305 support
    The good news from the US ggovernment. Last night, the US Dow and European stock markets rose, gold and silver prices adjusted. It is expected that good news will stimulate the pushup the global stock markets, and there is a downside risk for gold and silver prices. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance zone of 1314/1316.

    US crude oil futures:
    54.10/54.50 resistance
    53.05/52.65 support
    Yesterday, this analysis pointed out that short-term factors include the amount of crude oil inventories and the outcome of Sino-US trade and trade negotiations. If the two sides bring positive results, the crude oil price will have a chance to rebound, and the test will be $54. In the end, the two major forecasts reached positive expectations, and crude oil prices once touched $54. If US inflation data beats expectations tonight, the US President officially signs the appropriation bill, which is expected to push up crude oil prices. If the Sino-US trade negotiations progress, it is expected to further boost crude oil prices.

    US Dow Jones Industrial Index Futures US30
    25680/25735 resistance
    25380/25250 support
    The market looks forward to the meeting and negotiation between China and the United States. It is believed that the further development of the relationship between the two sides will help improve the investment climate. However, during the negotiations, the stock market trended repeatedly, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 25250 support, the trend may further expand the decline. Pay attention to the adjustment of the next level of important support is still 24,750.

    BTCUSD:
    3480 / 3280 support
    3750 / 3950 resistance
    If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.

    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.
     
  5. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today
    A new round of China-US high-level economic and trade consultation meeting will be held in Beijing. Before the Sino-US trade ceases, this meeting will continue to discuss the Sino-US trade agreement and very important. If the relationship between the two sides is further improved and it is expected to reach an agreement and avoid the US government's import tariffs on goods imported from China next month, the global economy will bring excitement. The China renminbi, Australian dollar and New Zealand dollar will have a chance to reverse the downtrend. It also expected to increase the demand for crude oil, and the price of crude oil will rise further, which will indirectly increase the Canadian dollar. Of course, the stock market is rising that will be bearish for gold. In the next three days, the speeches, the details of the negotiations, the results and the next arrangement are expected to continue to affect the global economic outlook, global stock market, foreign exchange and commodity markets. We will not underestimate and carefully looking at the market fluctuations.
    Yesterday, the analysis pointed out that the British government intends to solve the Brexit problem and avoid the British economy in trouble. Since it is only speech and informally expressed the program, it is estimated that the stimulus is limited in magnitude. The market focus is concerned with the performance of UK inflation data. The UK's inflation data was weak, which dragged down the overall European currency.
    Today China has announced a number of important economic data, of which trade accounts is more important. In the evening of Beijing time, the Eurozone announced its fourth quarter GDP. In the evening, the US announced retail sales, initial joblessness and production price index. It is estimated that the US economic data continues to lead the world, with a bullish dollar. Please pay attention to the relevant data performance, assess the trend of major currencies and commodities, and even the development of the stock market.
    Today's suggestion:
    EURUSD

    1.1285/1.1305 resistance
    1.1235/1.1215 support
    The important economy of the Eurozone has been weak, and the trend of the Euro has followed the pace of the pound. Yesterday, the euro continued to follow the step of the British pound, causing the UK inflation data was weaker than expected, and also the US inflation data performed better and the euro fell. Today afternoon, the euro zone announced the fourth quarter GDP performance and US data performance at night. Technically, the euro fell below 1.1305 and 1.1285 respectively, these numbers now become a reference resistance. We will wait for 1.1235 and 1.1215 support.
    GBPUSD
    1.2880/1.2905 resistance
    1.2835/1.2805 support
    The market questioned the effectiveness of the British Prime Minister’s remarks, and finally the pound failed to rise to the level of 1.29. Technically, if the pound against the US dollar 1.2910 or 1.2935 resistance still fails to break, coupled with the impact of European bad economic data, it is estimated that the pound against the US dollar has the opportunity to test the 1.2835 support level, the opportunity exists.
    USDCHF
    1.0090/1.0120 resistance
    1.0045/1.0015 support
    USD strong, major European currencies have generally fallen, while the Swiss franc has been negative. In addition, the US inflation data has satisfied the market, which is positive for the US dollar and indirectly affects the decline of the Swiss franc. Technically, the US dollar against the Swiss franc is expected to eventually consolidate within the resistance range of 1.0090 or 1.0120 and adjust to the following technical support.
    USD/JPY
    111.25/111.40 resistance
    110.75/110.55 support
    At present, the US political and economic performance is better than that of European countries, and the US dollar interest rate still looking forward to rising. In addition, the US Dow rose and the safe-haven funds flowed out of the yen, and the yen continued to fall. In addition, Sino-US trade negotiations is coming to start, and the Japanese stock market continues to be positive, driving the dollar against the yen to remain strong. Technically, the USDJPY has broken the resistance of 110.95, but it is necessary to further look at whether the market has more good news to stimulate the global stock market to rise. Otherwise, the USD/JPY trend is likely to reverse and fall back to the 110 level.
    AUDUSD
    0.7135/0.7155 resistance
    0.7075/0.7050 support
    Benefiting from economic and political problems in the European region, the dollar has turned stronger. In addition, the market is watching the progress of Sino-US trade negotiations, and the Australian dollar is undergoing adjustment. If the Australian dollar avoids falling below the 0.7020 support risk, the Australian dollar still expected to break the resistance of 0.7135. At the moment, pay close attention to the Australian dollar to break through the resistance, and then try the 0.72 level, but please pay attention to short-term risks and fluctuations!
    NZDUSD
    0.6830/0.6845 resistance
    0.6805/0.6790 support
    Sino-US trade consultations have begun, and the atmosphere is strong, and the New Zealand dollar is in full swing. If the Sino-US trade relations achieve and solved all problem, it is hoped that the New Zealand dollar will continue to improve. Conservative estimates, the initial resistance of the New Zealand dollar against the dollar is 0.6855.
    USD/CAD
    1.3275/1.3300 resistance
    1.3235/1.3210 support
    Crude oil inventories fell, it made the crude oil prices rebounded, and continue to maintain the level of 53 US dollars, is expected to continue to support the Canadian dollar. If the Sino-US trade negotiations make any breakthroughs and have the opportunity to stimulate demand for crude oil, it is expected to stimulate the Canadian dollar to rise. Tonight, we must pay attention to the performance of the US data and how it will affect the Canadian dollar. Good US data will drive the dollar to rise against the Canadian dollar.
    EURGBP
    0.8805/0.8820 resistance
    0.8755/0.8740 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK's fourth-quarter GDP data and inflation data were weak, the pound has downside risks. The opportunity to raise the euro against the pound. Technically, 0.8780 is the first important resistance reference, while the next level of resistance is 0.8805 and 0.8820.
    EURCHF
    1.1405/1.1420 resistance
    1.1350/1.1345 support
    The euro zone was affected by Spain elections, and the euro fell, but did not seriously affect the Swiss franc, the euro against the Swiss franc. Technically, focus on 1.1350 and 1.1345 support.
    XAUUSD
    1314/1316 resistance
    1307/1305 support
    The US Dow continues to rise, gold prices are slowing, and gold and silver prices are adjusting. It is expected that China-US trade consultation is expected to make progress. Good news will likely stimulate the global stock market to rise. There is a downside risk between gold and silver prices, which deserves attention. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance between USD1314 and 1316.
    US crude oil futures:
    54.90/55.50 resistance
    53.05/52.65 support
    Recent analysis in Japan pointed out that short-term factors include the amount of crude oil inventories and the outcome of the Sino-US trade consultation negotiations. If they will bring any positive results or message, the crude oil price has a chance to rebound and test the US$54. Finally, the crude oil price broke through last night. Concerned about the outcome of the Sino-US trade consultation negotiations, if it sees results, it is expected to push up crude oil prices. But technically, you must focus on the resistance between the $55 and $56 ranges and pay attention to adjusting the risk.
    US Dow Jones Industrial Index Futures US30
    25680/25735 resistance
    25380/25250 support
    The market looks forward to the outcome of the meeting and negotiations between the China and US, and believes that the relationship improved and expected to support the stock market to perform well. However, during the negotiations, the stock market trended repeatedly, paying attention to the ups and downs of the US Dow. Technically, if the Dow falls below 25250 support, the trend may further expand the decline, but please pay attention to the adjustment of the next level of important support is still 24,750.
    BTCUSD:
    3480 / 3280 support
    3750 / 3950 resistance
    If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.
    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.
     
  6. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today

    The initial value of the fourth quarter GDP of the euro was flat compared with the previous quarter, easing the market's uncertain economic confidence in the euro zone. The number of US initial jobless claims and retail sales performance disappointed the market. One of the Fed officials said that the Fed should consider continuing to observe economic development in the first quarter and proposed to stop raising interest rates this year. After the US economic data was released last night and the Fed officials speech, the dollar weakened and the US dollar index fell back below 97.

    The US Dow has fallen and one of the Fed officials said the Fed should stop raising interest rates, and the yen, gold and crude oil prices were supported. At present, the European economy is still unclear. The Brexit process is unknown and the political instability in Europe has made the European currency continue to weaken. This afternoon, the UK announced retail sales data, and the euro zone announced trade balance data. The market is watching whether European data is likely to improve and change the weak development of European currencies. Evening US economic data is also worthy of attention, including the New York Fed manufacturing index, US industrial output, and the University of Michigan consumer confidence index. If US data remained strong, European currencies and other major currencies fell against the US dollar. At the same time, gold and silver prices also have a chance to fall. Crude oil prices are expected to continue to test high.

    Today's suggestion:

    EURUSD
    1.1305/1.1330 resistance
    1.1255/1.1240 support
    Eurozone economic data is weak, and the market is affected by the uncertainties of Brexit, which drags down the European economy. Weaker European economic data and the Brexit process, if there is no sign of improvement, assume the euro will continue to weaken and limited the level of rebound. Technically, 1.1330 is a short-term resistance. If the fundamentals of the Eurozone have not improved, it is believed that the opportunity to break through the resistance is lower.

    GBPUSD
    1.2835/1.2850 resistance
    1.2750/1.2735 support
    The British Parliament rejected the new Brexit draft and suspected that the British Prime Minister’s ability and effectiveness in dealing with the Brexit, the trend of the pound going down and the rebound was weak. Technically, the pound fell below the 1.2835 support level against the dollar and has become a short-term resistance. If the fundamental situation continues to change, or even worse, the GBP/USD will have the opportunity to test support at 1.2750 or 1.2735.

    USDCHF

    1.0080/1.0095 resistance
    1.0045/1.0030 support
    The euro fell, and the Swiss franc was fell as well. However the US retail data was weaker than the market expects, and the Swiss franc was supported. But the European economic and political factors, it is believed that the Swiss franc is still likely to fall. Technically, the US dollar against the Swiss franc is expected to consolidate within the resistance range of 1.0095 or 1.0120.

    USD/JPY

    110.65/110.80 resistance
    110.25/110.10 support
    The US Dow and the Nikkei index fell, and safe-haven funds flowed into the yen. The dollar fell against the yen and returned to the 110 level. If the Asian stock market fell during the day, the US economic data continued to weaken tonight, causing the US Dow to fall. It is estimated that the USD/JPY will have a chance to test the 109 level.

    AUDUSD

    0.7115/0.7130 resistance
    0.7075/0.7060 support
    The market is watching the progress of Sino-US trade negotiations, and the Australian dollar is undergoing adjustment. Technically, if the Australian dollar avoids falling below the 0.7020 support risk, the Australian dollar is expected to improve. At present, we are closely monitoring the progress of Sino-US trade negotiations and the performance of US economic data.

    NZDUSD

    0.6830/0.6845 resistance
    0.6805/0.6790 support
    Sino-US trade consultations began, and the current wait-and-see atmosphere is strong, and the New Zealand dollar is consolidated. If the Sino-US trade relations achieve breakthrough development, it is expected that the New Zealand dollar will break through the resistance. It is currently recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data.

    USD/CAD

    1.3325/1.3340 resistance
    1.3275/1.3255 support
    Last night, US retail sales data was weak, affecting crude oil demand forecast, and the fluctuation of US crude oil prices indirectly affected the US dollar against the Canadian dollar. Tonight, we must pay attention to the performance of the US data and how it will affect the Canadian dollar.

    EUR/GBP

    0.8835/0.8855 resistance
    0.8780/0.8760 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. UK economic data and inflation data were weak, and there was a downside risk to the pound, which caused the euro to rise against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8820. However, it is necessary to pay attention to the reversal, and the risk of the euro against the pound is falling.

    EURCHF

    1.1375/1.1390 resistance
    1.1340/1.1325 support
    The euro zone was affected by Spain's early elections, and the euro fell, but did not seriously affect the Swiss franc, the euro against the Swiss franc. Technically, focus on 1.1340 and 1.1325 support.

    XAUUSD

    1314/1316 resistance
    1307/1305 support
    If the Sino-US trade consultation progresses, good news will likely stimulate the global stock market to rise, and there is a downside risk for gold and silver prices. In addition, the performance of US economic data is worthy of attention. The US data is good, and the dollar is supported. The price of gold has a chance to fall. Technically, $1,305 is still the first important support. If the global stock market declines, the gold price will have a chance to rise further, and test the resistance zone of 1314/1316.

    US crude oil futures:

    54.90/55.50 resistance
    53.05/52.65 support
    Concerned about the final outcome of the Sino-US trade negotiations. If the negotiations progress well, it is expected to push up the price of crude oil. But technically, we must focus on the resistance between the $55 and $56 ranges and pay attention to adjusting the risk.

    US Dow Jones Industrial Index Futures

    US3025480/25570 resistance
    25250/25180 support
    The market looks forward to the outcome of the meeting and negotiations going well, and expected to support the stock market to perform well. However, during the negotiations, the stock market adjusted. Technically, if the Dow falls below 25250 support, the trend may further expand the decline, but you can pay attention to the adjustment of the next level of important support is still 24,750.

    BTCUSD:

    3480 / 3280 support
    3750 / 3950 resistance
    If the demand increase and the dollar depreciation that will be pushed up the price of bitcoin, it could test the first resistance US3750.

    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.
     
  7. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today

    US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year, indicating that the Fed is considering to stop interest rate hikes this year. After the US economic data released and the Fed officials spoke last Friday night, the dollar weaker, the US dollar index below 97. Coming Thursday, the Fed issued a statement of monetary policy meetings, and the market waited for the overall Fed and the Fed chairman’s comment of monetary policy. Moreover, the US economic data is weak and other Fed officials maintain weaker dollar’s speech, the dollar's weakness will likely continue.

    Today, the US President’s Day, the New York Stock Exchange is closed for one day. US Dow Jones Industrial Index futures US30, gold, silver and crude oil futures trading, early in the evening at 20:00. attention please!

    In addition, there is no economic data released in the United States, and the market focus is on the forecast of European economic data tomorrow. It is believed that the Fed’s official dovish speech and expected European economic data will stabilize. In the short term, European currencies, commodity currencies and commodity prices are expected to keep rising.

    Today's suggestion:
    EURUSD

    1.1340/1.1355 resistance
    1.1280/1.1265 support
    Federal Reserve officials said that the Fed interest rate should remain at current levels, predicting that the US economy will continue to be stable and there is limited room for interest rate hikes. However, economic data in the Eurozone is still weak. In addition, the situation of Brexit, dragging down the economic development of Europe and limiting the rise of the euro. The market is watching the performance of the Eurozone economic data and the UK job data tomorrow. Technically, Euro 1.1340 is an important short-term resistance. If the fundamentals of the Eurozone have not improved, the Euro will hard to break through the resistance and maybe test the 1.12 level.

    GBPUSD
    1.2935/1.2950 resistance
    1.2865/1.2850 support
    The Brexit procedure of the UK on March 29 was not sure, and it is believed that the pound is still weak and the rebound is weak. Although the pound has rebounded by the dollar's decline, but it seems 1.2935 and 1.2950 are important resistance. It remains to be seen whether the market sentiment can be broken. If the fundamental situation continues, and even worse news, the pound against the dollar will have the opportunity to test the level of 1.2850 or below.

    USDCHF
    1.0070/1.0085 resistance
    1.0030/1.0015 support
    Federal Reserve officials commented that the dollar fell and supported the rise in the Swiss franc. However, the overall European economic and political factors have led to unstable market sentiment, and it is believed that the Swiss franc is still likely to fall. Technically, the USDCHF was consolidated after the 1.0095 or 1.0120 resistance range. The 61.8% adjustment is 1.0030 and 73.6% is 1.0015. The USD/CHF is expected to be an important support reference at 1.0015.

    USD/JPY
    110.65/110.80 resistance
    110.35/110.20 support
    The Fed officials speech, it made the USDJPY adjusted. In addition, the market held this week's China-US trade negotiation in Washington. It seems that market sentiment changed, the US Dow and the Nikkei index rose, and safe-haven funds flowed out of the yen. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USD/JPY is focusing on 110.35 and 110.20 support.

    AUDUSD
    0.7165/0.7180 resistance
    0.7125/0.7110 support
    The market sentiment changed and the Australian dollar rose. After the Fed officer comments, the dollar fell and the market expected progress in Sino-US trade negotiations, supporting the rise of the Australian dollar. Technically, the Australian dollar rebounded 150% against the US dollar at 0.7165. If the market expects Sino-US negotiations to succeed, the Australian dollar is expected to continue to rise against the US dollar. Of course, the performance of the US economic data and the comments of the Fed officials cannot be ignored.

    NZDUSD
    0.6905/0.6925 resistance
    0.6855/0.6830 support
    Last week, China-US trade negotiations made progress. At present, investment sentiment has improved and the New Zealand dollar continues to rise. If the next round of Sino-US trade negotiations continues to achieve this week, it is hoped that the New Zealand dollar will have the opportunity to break through the resistance of 0.6905. At present, it is recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data and the comments of Fed officers speeches.

    USD/CAD
    1.3250/1.3270 resistance
    1.3215/1.3195 support
    The Fed monetary policy remarks, the dollar fell, and crude oil prices rose. Under the upward trend of US crude oil prices, the Canadian dollar was indirectly boosted. Tonight, Canada announced the national economic confidence index. The data performance and crude oil price trend will lead the development of the Canadian dollar. Technically, USDCAD at 1.3215 and 1.3195 are important support reference.

    EUR/GBP
    0.8780/0.8795 resistance
    0.8745/0.8730 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. The UK will release important economic data tomorrow, and there is a downside risk to the pound, which has the opportunity to boost the euro against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8795. Paying attention to the support of 0.8730.

    EURCHF
    1.1355/1.1370 resistance
    1.1330/1.1315 support
    The euro zone was affected by Spain's early elections. The euro's performance was still weaker than that of the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, focus on 1.1330 and 1.1315 support. If the market expects the euro zone economy to improve this week, the euro will strengthen, and the euro has a chance to test the 1.1370 resistance against the Swiss franc.

    XAUUSD
    1326/1329 resistance
    1319/1316 support
    The Sino-US trade negotiations have made progress, and the relationship between the two countries has further improved, stimulating the rise of global stock markets. In theory, the global stock market investment atmosphere will improve, and there will be downside risks to gold and silver prices. However, affected by the Fed’s officers comments on dovish speech, the US dollar index fell, and the price of gold broke through the resistance to more than $1,320. At present, we are paying close attention to the speeches of other Fed officials. If the Fed officials continue to make doves before the release of the Fed's monetary policy record on Thursday, it is believed that the price of gold is expected to rise further. On the contrary, it will probably fall. Technically, 1326 was at the end of last month. Today is the US President's Day holiday, the New York Stock Exchange closed, and the gold and silver trading was closed at 20:00, attention please!

    US crude oil futures:
    56.20/56.50 resistance
    55.15/54.65 support
    The Sino-US trade negotiations and the dovish speech of the Fed officials have once again boosted crude oil prices to nearly $56. Now, the OPEC said it will continue to cut production. Next, the China-US trade negotiations progress again this week, it is expected to continue to push up crude oil prices. But technically, pay attention to the $56 level range resistance and pay attention to adjusting the risk. Today, the US President's Day holiday, the New York Stock Exchange closed, and crude oil futures trading was closed at 20:00, attention please!

    US Dow Jones Industrial Index Futures US30
    25965/26050 resistance
    25840/25760 support
    The Sino-US trade negotiations have made progress, and the Fed officials have made comments, boosting the market sentiment and boosting the stock market. The market is waiting for the next round of negotiations this week, and it is estimated that the stock market may be adjusted before the consultation. Today, the US President's Day holiday, the New York Stock Exchange is closed. On the US President's Day holiday, the New York Stock Exchange closed, and the US Dow Jones Industrial Index futures US30 closed early at 20:00, attention please!

    BTCUSD:
    3480 / 3280 support
    3750 / 3950 resistance
    US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. Assume that If the cryptocurrency market demand increase and the dollar depreciation that will be pushed up the price of bitcoin, the first resistance at US3750.

    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.
     
  8. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today
    The US Federal Reserve official dovish comments, affecting the US dollar index continued to fall below 97. On the Thursday morning, the Federal Reserve will issue a record of the monetary policy meeting, and the market will wait for the Fed's monetary policy orientation. Of course, if the US economic data is weak in the past two months and the Fed officials take the remarks, the weak dollar will likely continue until the US economic data turns stronger. In addition, European economic performance and political and Brexit risks are related to the strength of the US dollar.

    Yesterday was the US President’s Day, the US market was closed, and today’s market is reopening, but the lack of US economic data is released. The market focuses on the performance of the Eurozone and UK economic data today. These include the number of UK unemployment and unemployment claims and the German and Eurozone economic sentiment indices.

    It is believed that the performance of the results will bring about fluctuations in European currencies. In addition, the Brexit uncertainty and believe that will make the market concerns, negative for the pound, and affect both the euro and the Swiss franc. Many of the above negative factors will have a support for gold and silver prices. Please pay attention!

    Today's suggestion:
    EURUSD

    1.1340/1.1355 resistance
    1.1285/1.1270 support
    Federal Reserve officials predict that the US economy will continue to be stable, the pace of interest rate hikes will slow down, and it is recommended to stop raising interest rates. However, economic data in the Eurozone is still weak. In addition, the UK Brexit dragged down the European economy and limited the euro's rise. The market is watching the performance of the Eurozone and the German economic sentiment index and the UK job data. Technically, Euro 1.1340 is an important short-term resistance. If the fundamentals of the Eurozone have not improved, I believe that the opportunity to break through the resistance is low, and pay attention to the high adjustment risk, and may try to support 1.1270 in the future.

    GBPUSD
    1.2935/1.2950 resistance
    1.2865/1.2850 support
    The Brexit procedure of the UK on March 29 was not confirm, and it is believed that the pound is still weak. Even the GBPUSD rebound, but still looking weak again. Technically, the British pound against the US dollar may be subject to the resistance range of 1.2935 to 1.2950. It is to be seen that market sentiment and Brexit news have improved, and the British pound has broken through the range resistance. If the fundamentals continue to change and even worse news, the pound will have a chance to test the 1.2850 or below against the dollar. Please pay attention in the UK job data today in this afternoon.

    USDCHF
    1.0060/1.0075 resistance
    1.0030/1.0015 support
    The Swiss franc has been dragged down by European economic and political factors. Technically, the US dollar has been consolidated against the Swiss franc in the 1.0095 or 1.0120 resistance range. The 61.8% support level for adjustment waves is 1.0030 and 73.6% is 1.0015. If you do not see the 1.0015 support level, it will have a chance to rebound and try to test the 1.0060 or 1.0075 resistance.

    USDJPY
    110.85/111.05 resistance
    110.45/110.25 support
    The US holiday was closed last night, and the stock market did not change much. The dollar was stable against the yen. At present, the market is holding a Sino-US trade negotiations in Washington this week to watch the outcome of the negotiations. If the US Dow and the Japanese stock market Nikkei keeps going upward. The safe-haven funds may have a high chance of outflowing the yen. The USD/JPY still has a chance to rise. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USDJPY is concerned with 110.45 and 110.25 support.

    AUDUSD
    0.7165/0.7180 resistance
    0.7110/0.7085 support
    If following the comments of the Federal Reserve Bank, the Australian dollar may be downward. If the market expects the Sino-US negotiations to be successful and the investment climate is strong, the Australian dollar is expected to continue its upward trend. It is recommended that the progress of Sino-US trade negotiations be closely monitored. In addition, the performance of the US economic data and the comments of Fed officials this Thursday morning.

    NZDUSD
    0.6860/0.6880 resistance
    0.6830/0.6810 support
    The Sino-US trade negotiations has made progress, and the market waits for the next round of meetings and consultations in Washington this week. The current investment sentiment is improving, and the New Zealand dollar is expected to continue its upward trend. However, the performance of the Australian dollar may indirectly affect the short-term fluctuations of the New Zealand dollar. In the medium term, it is recommended to pay close attention to the progress of Sino-US trade negotiations, the performance of the US economic data and the Fed's monetary policy record on Thursday morning.

    USD/CAD
    1.3265/1.3280 resistance
    1.3215/1.3195 support
    The Fed’s monetary policy comments made the dollar lower. In addition, crude oil prices rose, supporting the Canadian dollar. The release of the US crude oil inventories report may lead to the development of crude oil prices, and the US monetary policy orientation may push up the Canadian dollar. Technically, the USD/CAD may test 1.3215 and 1.3195 these two important support.

    EUR/GBP
    0.8780/0.8795 resistance
    0.8745/0.8730 support
    There are still uncertainties in the risk of Brexit, affecting the performance of the British pound. Today, the UK announced job data, the market is estimated to be bad for the pound, the pound has a downside risk, there is a chance to boost the euro against the pound. Technically, the euro broke the first significant resistance at 0.8780 against the pound and the next resistance was 0.8795 and the important support at 0.8730.

    EURCHF
    1.1370/1.1390 resistance
    1.1340/1.1325 support
    The euro zone was affected by Spain's early elections. The euro's performance was still weaker than that of the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, 1.1330 and 1.1315 as important support level. If the Eurozone economic sentiment index improves today, the euro has a chance to strengthen, and the euro has a chance to test the 1.1370 resistance or higher against the Swiss franc.

    XAUUSD
    1327/1329 resistance
    1322/1319 support
    The Sino-US trade negotiations have made progress, and the relationship between the two countries has further improved, stimulating the rise of global stock markets. In theory, the global stock market investment atmosphere will improve, and there will be downside risks to gold and silver prices. At present, we are paying close attention to the speeches of other Fed officials. If the Fed officials continue to make doves before the release of the Fed's monetary policy record on Thursday, it is believed that the price of gold is expected to go up further. On the contrary, it will probably fall, and the gold price trend will be reversed.

    US crude oil futures:
    56.70/57.05 resistance
    55.65/55.05 support
    The Sino-US trade negotiations look good and the dovish speech of the Fed officials have once again boosted crude oil prices. The OPEC oil group said it will continue to cut production. If the China-US consultation progresses again this week, it is expected to continue to push up crude oil prices. Pay attention to adjusting the risk. If the crude oil price falls below 56 US dollars, the trend may continue downward.

    US Dow Jones Industrial Index Futures US30
    26050/26125 resistance
    25780/25660 support
    The Sino-US trade negotiations has made progress and the market is waiting for the next round of meeting this week. In addition, the Fed’s official dovish remarks boosted the market sentiment and the stock market made good. However, it is generally believed that the stock market may be adjusted before the Sino-US trade negotiations this week. Please pay attention!

    BTCUSD:
    3780 / 3580 support
    3950 / 4100 resistance
    US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. The commentary is increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. The first resistance at US3750 breakthrough, next will looking at 3950. If the fundamentals unchange, another is 4100 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.
     
  9. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today

    The Eurozone economic sentiment index and UK job data improved, boosting the euro and the pound. In addition, last night, another US Federal Reserve officer also said that expecting the US economy to slow down in the first half of the year, this year's inflation may be less than 2%, suggesting that the Fed should slow down, or consider stopping interest rate hikes. The comments further affected the dollar's confidence and the dollar to fall. The market is waiting the Fed's monetary policy minutes tomorrow morning, it seems the dollar is facing downside risks. If the Fed’s monetary policy minutes show that most officers do not agree to stop raising interest rates, it is expected that the dollar will rebound. After all, the euro zone political and the Brexit unresolved. The euro and the pound may facing downside risks, changing the recent dollar performance.

    Today, it is expected that the Eurozone German Production Price Index and UK industrial order data will affect the Euro and the British Pound before the evening of Beijing time this afternoon. If the European data shows weakness, it is possible to adjust the euro ,the Swiss franc and the British pound. No important US data has been released tonight, and investors are waiting for the minutes of the Federal Reserve’s monetary policy meeting at 3:00 am tomorrow. It will affect the short-term fluctuations and the US dollar. In addition, the US crude oil inventory report will be released tomorrow morning, and the increase or decrease in inventory will affect the fluctuation of crude oil prices and the trend.

    Today's suggestion:

    EURUSD
    1.1365/1.1380 resistance
    1.1335/1.1310 support
    The Eurozone economic sentiment index improved and supported the euro exchange rate. In addition, there are Fed officials predicting that the US economy will continue to stabilize or slow down, and the pace of interest rate hikes can be slowed down. It is even recommended that the Fed stop raising interest rates this year. After the remarks, the dollar fell, boosting the euro. However, it is estimated that the economy in the first quarter of the euro zone is still weak. The uncertainty of the Brexit, dragging down the economic development of Europe, will likely limit the euro's rise. Technically, the euro has tried the resistance of 1.1355. The trend seems to be optimistic, but the euro zone faces a lot of economic and political problems. If the resistance is broken, the upside may be limited, and the euro will facing the reversing risk. Please pay attention.

    GBPUSD
    1.3080/1.3100 resistance
    1.2950/1.2935 support
    A number of Fed officers suggested that the Fed should stop raising the interest rates and the dollar fell. In addition, the British Prime Minister visited the European Union and discussed to amend the Brexit Act. The news stimulated and boosted the pound. However, the European Commission has indicated that the Brexit Act has no room for modification. There is uncertainty in the Brexit issue again. The pound is still weak and the rebound may be limited. If the fundamental unchanged, or even worse news, the pound against the dollar may reverse, there will be a chance to return to 1.28 level. The current important reference resistance as 1.3100.

    USDCHF
    1.0030/1.0050 resistance
    0.9990/0.9970 support
    The Swiss franc trend followed the euro and the dollar fell against the Swiss franc. Technically, the US dollar has been consolidated against the Swiss franc in the 1.0095 or 1.0120 resistance range. Adjusted the wave by 73.6%. It is estimated that after falling below the 1.0015 support level, the US dollar against the Swiss franc is expected to test 0.9990/0.9970 support, but must pay attention to the development of the euro. Afternoon European data and the minutes of the Fed meeting tomorrow morning, investors watching, may affect the Swiss franc trend.

    USDJPY
    110.90/111.15 resistance
    110.65/110.50 support
    The economic data released by Japan this morning was weak and the yen fell. In addition, the market is in this week's Sino-US trade consultation, expecting the negotiations to bring further results, and the market investment atmosphere is strong. The US Dow and the Japanese stock market Nikkei are improving, and the dollar has benefited from the yen. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USD/JPY is short-term focus on 110.50 important support.

    AUDUSD

    0.7175/0.7195 resistance
    0.7140/0.7125 support
    Yesterday, the Reserve Bank of Australia meeting minutes announced that the Australian dollar may be under pressure, once tested 0.7105. But the Fed officials’ comments made the dollar fall and boosted the Australian dollar. In addition, the market expects China-US trade consultation this week, expecting to achieve further results, rising industrial commodity prices and boosting the Australian dollar. It is recommended to pay close attention to the progress of Sino-US trade negotiations. However, it must be noted that the US Federal Reserve meeting minutes, policy content can not be ignored, may make the Australian dollar against the US dollar adjustment.

    NZDUSD

    0.6880/0.6900 resistance
    0.6850/0.6830 support
    Last week, Sino-US trade consultations made progress, and the market waited for the next round of meetings and consultations between the two sides in Washington this week. The current investment sentiment is improving, and the New Zealand dollar is expected to continue its upward trend. However, the performance of the Australian dollar against the US dollar often indirectly affects the short-term fluctuation of the New Zealand dollar, which is worthy of reference In addition, it is recommended to pay close attention to the progress of Sino-US trade negotiations and the Fed's monetary policy record tomorrow morning.

    USD/CAD

    1.3235/1.3250 resistance
    1.3195/1.3180 support
    The Fed’s monetary policy comments made the dollar further lower. In addition, crude oil prices rose, supporting the Canadian dollar. The US crude oil inventory report to be released tomorrow may lead to new developments in crude oil prices, and it is recommended to pay attention. Technically, the US dollar against the Canadian dollar is expected to test 1.3195 as an important support level. Look back at the crude oil price and the Fed's monetary policy meeting minutes.

    EUR/GBP

    0.8720/0.8735 resistance
    0.8665/0.8650 support
    The British Prime Minister visited the European Commission to discuss the amendments to the Brexit Act and boost the performance of the British pound. The pound strengthened and the euro fell against the pound. Technically, the euro is expected to be supported at 0.86 against the pound, with resistance at 0.8720 and 0.8735. The main concern is the result of the British Prime Minister’s discussion with the European Commission.

    EURCHF

    1.1370/1.1390 resistance
    1.1340/1.1325 support
    A few days ago, this analysis pointed out that the euro zone was affected by Spain's early elections, the euro's performance was still weaker than the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, you can focus on 1.1330 and 1.1315 support. Since the euro zone economic sentiment index improved yesterday, the euro has a chance to strengthen, the euro against the Swiss franc has the opportunity to test the resistance of 1.1370 and higher. Looking at German economic data today, the data may affect the euro and affect the adjustment.

    XAUUSD

    1345/1348 resistance
    1338/1335 support
    The Sino-US trade negotiations have made progress, and the relationship between the two countries has further improved, stimulating the rise of global stock markets. In theory, the global stock market investment atmosphere will improve, and there will be downside risks to gold and silver prices. However, the influence of the Fed’s official dovish speech, the monetary policy stance, and the dollar index fell, which caused the price of gold to rise. At present, we are paying close attention to the speeches of other Fed officials. If the Fed’s monetary policy minutes is announced tomorrow morning, keep going to dovish, and it is believed that the price of gold is expected to rise further. On the contrary, it will probably fall, and the gold price trend will be reversed. It is currently estimated that 1350 and 1353 US dollars are important resistance to gold prices. If it breaks, it is expected to go up to $1,362. Conversely, the price of gold may fall.

    US crude oil futures:

    56.70/57.05 resistance
    55.65/55.05 support
    The Sino-US trade consultation negotiations looking good and the dovish speech of the Fed officials have once again boosted crude oil prices. The OPEC oil group said it will continue to cut production. If the Sino-US consultations progress again this week, it is expected to continue to push up crude oil prices. However, technical attention must be paid to the support level of 56 US dollars. Pay attention to adjusting the risk. If the crude oil price falls below 56 US dollars, the trend may continue downward. In addition, the Fed’s monetary policy record will be equally important tomorrow morning and must be concerned.

    US Dow Jones Industrial Index Futures US

    3026050/26125 resistance
    25780/25660 support
    The Sino-US trade consultation has made progress and the market is waiting for the next round of consultations this week. In addition, the Fed officials' dovish speech boosted the investment market sentiment and the US and global stock markets made good. Before the current consultation meeting, the two sides expressed a good process and supported the stock market to improve, but must pay attention to fluctuations and adjustments. Technically, special attention is paid to the resistance of 26050 and 26125. If the test fails, be careful to reverse the trend.

    BTCUSD:3780 / 3580 support
    3950 / 4100 resistance
    US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. The commentary is increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. The first resistance at US3750 breakthrough, then the next target will be 3950 and next is 4100.


    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.
     
  10. Kelly Yeung

    Kelly Yeung ATFX.com Representative

    Joined:
    Mar 28, 2018
    Messages:
    231
    Likes Received:
    3
    Personal opinions today
    The Fed minutes shown that Fed officials could not predict the Fed’s rate hike this year, but the pace of interest rate hikes will change the monetary policy strategy at any time depending on the economy growth and inflation. Since the Fed’s minutes did not indicate that the Fed completely stopped raising interest rates this year, the US dollar rose from below after the Fed’s meeting minutes were announced. The market is waiting the Asian time tonight, the US announced the number of initial jobless claims, durable goods orders and the US manufacturing and service purchasing managers index. Before the European market closed, US existing home sales data also pay attention. If the US economic performance is better than market expectations, it may help the US dollar index to expand.

    In the global stock market and commodity market, investors believe that the US Federal Reserve will stop raising interest rates in the first quarter or the first half of this year because the Fed has not indicated the pace of interest rate hikes. The Dow investment sentiment is still good, and the Asian stock market has benefited from the Dow. In addition, the next round of high-level Sino-US trade talks will be held in Washington, DC this week. It is expected that global stock markets will continue to rise if no bad news. It is estimated that the price of crude oil is expected to be supported by the basic factors, maintaining a development of more than 55 US dollars, and looking at high resistance. However, the price of gold will have an opportunity to adjust and try to lower the price.

    Today's suggestion:
    EURUSD

    1.1360/1.1375 resistance
    1.1315/1.1300 support
    In the afternoon of Asian time, the euro zone Germany and France announced the consumer price index, and the market waited for the German consumer price index to grow, boosting the euro. In addition, French and German manufacturing purchasing managers are also watching. At night, a number of important US data are equally important. Technically, the euro has tried the high resistance and the trend is good. However, many economic and political issues in the Eurozone believe that the upside may be limited, paying attention to the euro's adjustment of risk at a high level. If the 1.1315 and 1.1300 support levels fail, the euro has a chance to test 1.1270 or 1.1250.

    GBPUSD
    1.3075/1.3100 resistance
    1.3020/1.2995 support
    A number of Fed officials suggested that the Fed stop raising interest rates and the dollar fell. The news boosted the pound. However, the European Commission has indicated that it does not agree to the revision of the Brexit Act. In addition, the British Parliament official said that the vote to leave the European Union next week will be vetoed. The market rating agency Fitch said it will lower the UK rating. There are many uncertainties in the UK and the trend may go down at any time. If the GBP/USD may reverse and there will be a chance to return to the 1.28 level. The current important resistance can be referred to 1.3100.

    USDCHF
    0.9995/0.9980 support
    1.0035/1.0050 resistance
    The Swiss franc trend followed the euro and the dollar fell against the Swiss franc. Technically, the US dollar has been consolidated against the Swiss franc in the 1.0095 or 1.0120 resistance range. Adjusted the wave by 73.6%. It is estimated that after falling below the 1.0015 support level, the US dollar against the Swiss franc is expected to test 0.9990/0.9970 support, but must pay attention to the development of the euro. If the US data is good tonight, it may be a negative for the Swiss franc.

    USDJPY
    110.90/111.15 resistance
    110.65/110.50 support
    The Fed’s monetary policy did not affect the dollar, and the dollar remained stable against the yen. In addition, the market expected this week's China-US trade consultation meeting, expecting the negotiations to bring further results, the market investment atmosphere is strong. If the US Dow and the Japanese stock market Nikkei are improving, the USD/JPY has limited room for decline. If the Asian stock market performs strongly during the day, it is estimated that the USD/JPY will have the opportunity to continue to test the 111 level. Technically, USD/JPY is focused on 110.50 as important support.

    AUDUSD
    0.7215/0.7235 resistance
    0.7160/0.7140 support
    A few days ago, the Reserve Bank of Australia meeting minutes, the Australian dollar may be under pressure. However, the Fed’s monetary policy and the Australian employment population increased more than market expectations, boosting the Australian dollar. In addition, the market expects China-US trade consultation this week and looks forward to further results. If the price of industrial goods rises, it will probably further boost the Australian dollar. It is recommended to pay close attention to the progress of Sino-US trade negotiations. But the results of the US economic data at night can not be ignored, which may make the Australian dollar adjust against the US dollar.

    NZDUSD
    0.6905/0.6925 resistance
    0.6860/0.6840 support
    The market is waiting for the next round of China-US meetings in Washington this week. The investment sentiment is expected to support the continued growth of the New Zealand dollar. However, the performance of the Australian dollar against the US dollar often indirectly affects the short-term fluctuation of the New Zealand dollar, which is worthy of reference In addition, it is recommended to pay close attention to the progress of Sino-US trade negotiations and the performance of US economic data at night.

    USDCAD
    1.3185/1.3205 resistance
    1.3155/1.3130 support
    The minutes of the Fed and crude oil rise, supported the Canadian dollar. Technically, the US dollar against the Canadian dollar is expected to test 1.3195 as an important support level, and the trend is expected to continue to test the low position. However, it is recommended to pay attention to crude oil prices and US economic data performance.

    EUR/GBP
    0.8720/0.8735 resistance
    0.8675/0.8660 support
    The British pound is likely to turn bad. Beware of the fall of the pound and the rise of the euro against the pound. Technically, the euro is expected to be supported at 0.86 against the pound, with resistance at 0.8720 and 0.8735. The main concern is the result of the British Prime Minister’s discussion with the European Commission.

    EURCHF
    1.1370/1.1390 resistance
    1.1340/1.1330 support
    Many bad data and news, the euro's performance was still weaker than the Swiss franc, and the euro against the Swiss franc continued to develop. Technically, if the EUR/CHF stays above 1.1330 and 1.1315, the EUR/CHF has the opportunity to test the resistance at 1.1370 and higher. Looking at German economic data today, the data may affect the euro and affect the adjustment of the euro against the Swiss franc.

    XAUUSD
    1343/1346 resistance
    1336/1333 support
    The influence of the Fed’s official dovish speech, the monetary policy stance of the pigeons, caused the price of gold to rise. The Fed’s monetary policy record was announced and the policy content continued to be a bit of a pigeon. I believe that the gold price still has a chance to remain high for a while. If the US economic data performance is stronger, the gold price trend may be reversed. It is currently estimated that 1350 and 1353 US dollars are important resistance to gold prices. If it breaks, it is expected to go up to $1,362. Conversely, if the price of gold falls, pay attention to the 1333 support.

    US crude oil futures:
    57.50/57.85 resistance
    56.65/56.05 support
    The results of the Sino-US trade talk and the Fed’s dovish policy have once again boosted crude oil prices. The OPEC oil group said it will continue to cut production next month and expects the Sino-US consultation to make another progress this week to support the better crude oil price. However, technical attention must be paid to adjusting the risk. If the price of crude oil falls below $56, the trend may continue downward.

    US Dow Jones Industrial Index Futures US30
    26050/26125 resistance
    25780/25660 support
    A new round of trade talks between the United States and China begins in Washington, this week. In addition, the Fed meeting minutes remain on the sidelines, failing to determine the pace of interest rate hikes, boosting the investment climate, and the US and global stock markets are doing well. Before the China-US trade talk, seems supported the stock market. However, it is necessary to pay attention to fluctuations and adjustments. Technically, special attention is paid to the resistance of 26050 and 26125. If the test fails, be careful to reverse the trend.

    BTCUSD:
    3780 / 3580 support
    3950 / 4100 resistance
    US Federal Reserve official said that if the US economy performs as expected, it is not necessary to raise interest rates during the year,the market expected the Fed is considering to stop interest rate hikes this year. The commentary is increasing the cryptocurrency market demand and now the dollar depreciation that will be pushed up the price of bitcoin. The first resistance at US3750 breakthrough, then the next target will be 3950 and next is 4100.

    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.
     
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