ATFX Market Updates 2019

Kelly Yeung · Jan 15, 2019

Personal opinions today:

The British Parliament vetoed the Brexit agreement in this morning. Before and after the vote, the British pound fell against the US dollar and once fell to 1.2668. The euro has rebounded against the pound, and the pound against the yen has reported 137.33. The gold price is high at 1294.60. Due to the British Prime Minister's plan, the draft agreement will be revised again until March 29, and even the EU government will allow the UK to extend the Brexit schedule, and the GBP exchange rate will subsequently rebound. However, it is worthy of attention. The British Labor Party has proposed turn down the British Prime Minister's government. It is estimated that the political turmoil will cause the pound to fall. In the short term, we must pay attention to the market reaction in Asia and Europe period today.

European Central Bank President Mario Draghi said that the euro zone faces the Sino-US trade war and the risk of Brexit, the European economy may face challenges, and the economic recovery may be longer than expected, suggesting that the European Central Bank could not raise interest rates in 2019, and even needed Continue the second round of long-term financing plan, which is bad for the euro. In addition, yesterday, Germany announced that the annual GDP of 2018 fell by a large margin, only 1.5%. The poor number is also the reason for the decline in the euro.

The market is watching the Eurozone and UK inflation data CPl this afternoon. In addition, the UK announced the December retail price index. The market is looking forward to the end of the year and the peak season of Christmas consumption, driving inflation growth, which can benefit the euro and the pound. If inflation data rises, it will help support crude oil prices, but on the other hand, gold prices may fall.

Today's suggestion:

EURUSD
1.1445/1.1465 resistance
1.1385/1.1365 support
The ECB president said that the euro zone rate hike will be delayed until the end of the year, and consider continuing the second targeted longer-term refinancing operation (TLTRO II), which is bad for the euro. In the afternoon, the euro zone announced inflation data, and if the result is better than expected, it will be more euros. In response to the refusal of the Brexit agreement, the risk of risk aversion is heating up and may be negative for the euro. It is recommended that the euro fluctuate against the dollar today, pay attention to risks!

GBPUSD
1.2865/1.2885 resistance
1.2675/1.2655 support
The Brexit agreement was vetoed. Although the British government will postpone the vote until the end of March, the British Prime Minister’s government was impeached by the Labour Party to submit a no-confidence motion, and the UK faces political risks. The pound may face the downside risk again. When investing in pounds and related crosses, you must pay attention to risks! At present, the high resistance of the British pound has been established. If there is no good news, the exchange rate may test the level of 1.26, or further test the 1.25 level.

USDCHF
0.9845/0.9820 support
0.9905/0.9925 resistance
The euro fell, indirectly affecting the fall of the Swiss franc. Technically, the US dollar against the Swiss franc broke the 0.9790 resistance level, extending beyond the 0.9850, and the next step may be to test the previous high of 0.9925. If the fundamentals see the Brexit risk driving the pound down, there is an opportunity to indirectly affect the further fall of the Swiss franc. Pay attention to trading risks and control positions when investing.

USD/JPY
108.60/108.75 resistance
107.80/107.40 support
The Brexit agreement was vetoed, market risk sentiment warmed, and US economic data forecasts slowed down. Global stock markets faced downside risks. If the Nikkei index fall, it will drive the dollar to fall against the yen. Investing in the risk of Brexit, we must pay close attention to investment, especially the Nikkei and the US Dow.

AUDUSD
0.7205/0.7225 resistance
0.7165/0.7150 support
Sino-US trade consultations are progressing well. The Fed may slow down the rate hike this year. It has been bullish for the Australian dollar. However, the comments made by China and the United States yesterday showed uncertainties. The Australian dollar was affected by the fall in the China RMB. Technically, the Australian dollar is expected to remain above 0.7145, but in the 0.7225 resistance range, care must be taken to adjust the risk. In addition, the risk of Brexit may affect the Australian dollar. If it falls below 0.7145 support, the overall Australian dollar may fall further.

NZDUSD
0.6825/0.6845 resistance
0.6775/0.6755 support
The New Zealand dollar continues to follow the pace of the Australian dollar against the US dollar. During this period, notice that the New Zealand dollar has the opportunity to adjust. In the afternoon, the European market paid attention to the fluctuation of the British pound exchange rate, which indirectly affected the performance of the New Zealand dollar.

USD/CAD
1.3250/1.3235 support
1.3285/1.3305 resistance
During the adjustment period of crude oil prices, the Canadian dollar did not change much. It is recommended that Canada does not have important economic data and monetary policy comments, and must pay attention to the development of crude oil prices. In addition, pay attention to the situation in the European market in the afternoon, the UK Brexit vote news generated market volatility, the Canadian dollar may fall. Technically, the US dollar has a chance to test 1.3305 against the Canadian dollar.

EUR/GBP
0.8900/0.8920 resistance
0.8855/0.8830 support
The British Congress vetoed the Brexit agreement and the pound may fall again. The euro has a chance to rise against the pound. During the European trading hours in the afternoon, the market may fluctuate again, and it is recommended to pay more attention to trading risks.

EURCHF
1.1285/1.1305 resistance
1.1240/1.1220 support
The euro is affected by the possibility of a delay in Brexit. In addition, the European Central Bank’s comments have caused the euro’s investment confidence to fall, and the euro may be widened against the Swiss franc. In the afternoon, the European market may fluctuate again and the risk of the euro field will increase. Focus on important support for 1.1240 and 1.1220.

XAUUSD
1295/1298 resistance
1285/1282 support
The Brexit agreement was vetoed, increasing market risk and supporting the gold prices. At present, due to the orderly arrangement of Brexit, the price of gold is gently adjusted. However, in the afternoon, the European market may face more fluctuations. It is recommended that pay attention to the risks and the large fluctuations in the price of gold.

US crude oil futures:
52.15/52.40 resistance
51.10/50.70 support
US crude oil inventories continued to decline, but the decline was less than expected, hindering the rise in crude oil prices. In addition, the Brexit and Sino-US trade wars remain unclear, and crude oil prices are expected to be blocked at $53, now may have an opportunity to test $50.

US Dow Jones Industrial Index Futures US30
24135/24350 resistance
23760/23640 support
During the beginning period of US corporate results, the market keeps continued to waiting for the performance of the larger company annual report, which brought stock market volatility. The volatility may have exceeded 200-400 points up and down, recommend to pay attention to risk.

BTCUSD:
3450 / 3360 support
3950 / 4050 resistance
The Fed is likely to suspend interest rate hikes. The Fed chairman said that the Fed will consider to hold interest rates, which is good for the investment climate in crypto currencies. Because it seems USD weakness. However the market transfer funds to stock markets, slightly negative for crypto market. Technically, the bitcoin price maybe testing 3450 support. Now keep watching the US do and global stock market performance, how to affected the demand of crypto currencies.

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

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

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

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

Kelly Yeung · Jan 16, 2019

Personal opinions today:
The Dow continued to rise, and the Japanese Nikkei index also rose yesterday. The Fed officials said that US interest rates may remain at current levels for longer periods of time. Moreover, the risk sentiment has warmed up. The gold has support and the price remained at a high level. Crude oil prices were supported by a decline in crude oil inventories, but still failed to break through the $53 resistance.
European Central Bank President Mario Draghi said that the euro zone faces Sino-US trade war and British Brexit uncertainty, the European economy may face challenges, and the economic recovery may be longer than expected, the European Central Bank could not raise interest rates in 2019, bearish in euro. Germany's 2018 GDP fell and CPl was flat. The market expects that the Eurozone will announce a slowdown in CPI today, which is also the reason for the negative euro.
Today's suggestion:
EURUSD
1.1425/1.1440 resistance
1.1370/1.1355 support
In the afternoon, the euro zone announced inflation data, CPl. If the result is better than expected or flat, it will stabilize the euro and the euro will have a chance to hit 1.14. Technically, 1.1440 assuming that as an important resistance and 1.1355 support as important as well.
GBPUSD
1.2905/1.2925 resistance
1.2825/1.2800 support
Although the UK has been approved by the European Union, it can delay the Brexit time to next year, and it will be a bullish pound. However, the British Prime Minister is facing political risks and it is estimated that there is still downside risk in the pound. Technically, the pound is subject to the resistance range of 1.2905 to 1.2925. It is recommended to pay attention to adjusting the downside risk, with 1.2800 as the first important support.
USDCHF
0.9845/0.9820 support
0.9905/0.9925 resistance
The euro fell and the Swiss franc also following. Technically, the US dollar against the Swiss franc broke the 0.9790 resistance level, extending beyond the 0.9850, may be to test the previous high of 0.9925. In the afternoon, the euro zone announced the inflation data CPl. If the data is not as good as the market expected, there is a chance of negative for the Swiss franc as well. Conversely, the data in line or higher than expectations, and the US dollar against the Swiss franc had a chance to fall back to 0.9850 support.
USD/JPY
109.15/109.30 resistance
108.40/108.25 support
USD/JPY was affected by the performance of global stock markets. Yesterday, the US Dow and the Nikkei index rose, driving the USDJPY to challenge 109.18. If the stock market performance continues to improve, the dollar against the yen will have a chance to break through the resistance of 109.30. But the US initial jobless claims may be negative for the dollar against the yen. In addition, Japan will announce core inflation CPl tomorrow morning. If the data falls, it may be negative for the yen, causing the dollar to rise against the yen.
AUDUSD
0.7185/0.7205 resistance
0.7125/0.7100 support
Sino-US trade negotiations, the two sides expressed some uncertainties, the Australian dollar affected. In addition, the euro fell, causing the dollar to rise, and the Australian dollar is further under downward pressure. Technically, if the Australian dollar stays above 0.7145, the Australian dollar can still perform well, but if it falls below 0.7145, it must pay attention to further adjust the risk to 0.7100 important support.
NZDUSD
0.6785/0.6810 resistance
0.6730/0.6705 support
The dollar rose as the euro fell. The trend of the New Zealand dollar against the US dollar also followed the decline of the Australian dollar against the US dollar. A few days ago, here we expected that the New Zealand dollar has the opportunity to adjust. It is recommended to continue to pay attention to the US dollar and Australian dollar trend reference without the current New Zealand data reference.
USD/CAD
1.3235/1.3215 support
1.3285/1.3305 resistance
Crude oil prices have recently risen between $50 and $52, and the Canadian dollar has not changed much. But Canada will release inflation data tomorrow night, and the Canadian dollar performance may follow the data outlook. Now may refer to 1.3235 support and 1.3285 resistance, waiting for a breakthrough.
EUR/GBP
0.8880/0.8900 resistance
0.8830/0.8810 support
Eurozone data and monetary policy, the euro fell against the pound against the euro. In the European trading hours in the afternoon, pay attention to the performance of the Eurozone inflation data CPl, and suggest that you pay more attention to trading risks.
EURCHF
1.1295/1.1305 resistance
1.1260/1.1250 support
The European Central Bank’s comments have caused confidence in the euro’s investment to fall. In the afternoon, the euro zone announced inflation data CPl. If the performance is weak, the euro may fall and the euro may fall against the Swiss franc. Technically, focus on short-term support at 1.1260 and 1.1250.
XAUUSD
1297/1299 resistance
1289/1287 support
The Brexit agreement was rejected. Although the Brexit time was extended by the EU, the incident remains unresolved, increasing market risk and supporting the price of gold. Coupled with the slowdown in US economic data, the Fed hinted that the pace of interest rate hikes will also support gold. Technically, gold prices still have the opportunity to test $1,300, but the US announced the number of weekly jobless claims tonight. If the data is in line with or better than expected, gold has a chance to adjust the decline. Short-term 1287 is an important support reference.
US crude oil futures:
52.15/52.40 resistance
51.10/50.70 support
US crude oil inventories continued to decline, but the decline was less than expected, limited the rise in crude oil prices. Yesterday, US crude oil prices only rose to the expected resistance of $52.40. In addition, the European economy lacks momentum, and the Sino-US trade war remains unclear. It is expected that crude oil prices will continue to be blocked before $53 and have the opportunity to test $50.70.
US Dow Jones Industrial Index Futures US30
24135/24280 resistance
23760/23640 support
The Fed is likely to suspend interest rate hikes, which is good for the investment climate. At present, the US corporate's performance announcement period, the market concerned the performance of the US business environment, bringing stock market volatility at any time, suggesting that investment must pay attention to risk tolerance.
BTCUSD:
3450 / 3360 support
3950 / 4050 resistance
The Fed is likely to suspend interest rate hikes, which is good for the investment climate in crypto currencies. Because it seems USD weakness. However the market transfer funds to stock markets and the dollar going strong since the euro fell, which is negative for crypto market. Technically, the bitcoin price maybe testing 3450 support.

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

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

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

Kelly Yeung · Jan 21, 2019

Personal opinions today:
The British Prime Minister will submit a draft of the Brexit to the Congress on January 29. It is expected that the new draft will be partially revised and it is expected that Congress will accept it. The pound rose against the dollar and was tested at 1.29. In theory, if the new draft passes the opportunity, the pound against the dollar will likely test more than 1.30. If the European Parliament accepts the draft and leaves the EU as scheduled, it is estimated that the exchange rate of the British pound will rise even higher. And in this case, it is expected to boost the European currency because reduced the risk of Brexit, the gold will have a chance to fall and the stock market will rise.
In the short-term, the market is concerned about the European Central Bank's interest rate meeting on Thursday, on the future monetary policy orientation. At that time, the speech of the ECB president will become the focus of the market, and the fluctuation of the euro will arise. In addition, the main data today include: UK job data, Germany and the Eurozone economic sentiment index, Canadian wholesale inventories, manufacturing new orders and US existing home sales. As always, UK job data and US existing home sales are more noticeable.
Due to the US holiday relationship yesterday, the US crude oil inventory report will be released on this Thursday, not tomorrow!
Today's suggestion:
EURUSD
1.1390/1.1405 resistance
1.1350/1.1335 support
During the US holiday yesterday, the euro steady. Today's European economic data is more concerned by the market. Looking back at the recent weak performance of the Eurozone economic data, the euro has accumulated a decline against the US dollar. And on Thursday, the European Central Bank announced interest rate monetary policy, the market is concerned about whether the European Central Bank is more biased towards doves, so that the euro continues to fall against the dollar. At present, the trend of the euro remains on the sidelines, and the exchange rate is expected to remain within the 1.13 level. However, if the exchange rate of the pound rises significantly, the euro will likely test the level of 1.14, please pay attention to trading risks.
GBPUSD
1.2905/1.2935 resistance
1.2835/1.2805 support
The British Prime Minister will submit a new draft of the Brexit to the British parliamentarians to discuss next Tuesday, the market is expecting new direction, support the rise in the pound exchange rate. Technically, the important resistance of the pound remained at 1.30 and the important support at 1.2805. If the short-term break through 1.28 support, the next look may be 1.26. In addition, if the issue of Brexit remains unfinished, it is probably more difficult for the pound to break through the 1.30 too much.
USDCHF
0.9985/1.0015 resistance
0.9945/0.9920 support
The European economic data is weak, the euro is falling, and the Swiss franc is indirectly negative. Technically, the US dollar against the Swiss franc is now likely to test 1.00. Before the challenge of 1.0015, the technical need to see the resistance of 0.9985. In addition, it is necessary to pay attention to whether the trend of the euro will change and drive the Swiss franc.
USD/JPY
109.85/110.05 resistance
109.25/109.05 support
Yesterday the US Dow closed, the Nikkei index steady, and the USD/JPY performed steadily. Today, if the US Dow and the Nikkei continue to rise, it is estimated that the dollar will rise against the yen. Technically, USD/JPY will have the opportunity to maintain above 109.30. If the market risk continues to cool down, the stock market will rise, and the USD/JPY is expected to test 110.
AUDUSD
0.7185/0.7205 resistance
0.7135/0.7115 support
Yesterday, China announced its fourth quarter GDP data. Before the data was released, the Australian dollar fell and fell to around 0.7145. At present, China's data is still in line with market expectations and determines the market sentiment. However, the technical analysis remains unchanged. If the Australian dollar remains above 0.7145, the Australian dollar can still perform well, but if it falls below 0.7145, it must pay attention to further adjustments to the important support such as 0.7115 and 0.7080.
NZDUSD
0.6765/0.6785 resistance
0.6705/0.6675 support
The New Zealand dollar fell following the Australian dollar. It is recommended to continue to pay attention to the US dollar and Australian dollar trend reference without the current New Zealand data reference. After the release of China's economic data yesterday, we can pay more attention to the progress of the Sino-US trade agreement and grasp the New Zealand dollar trading strategy.
USD/CAD
1.3315/1.3330 resistance
1.3235/1.3215 support
Crude oil futures prices continue to make good, offsetting the negative growth of the Canadian economy, but still can not improve the bearish Canadian dollar. At present, the technical breakthrough of 1.3295 resistance, it is possible to continue to extend to 1.3330, and even rebounded 38%, to 1.3365 resistance. But if the crude oil price breaks through the $55 resistance, there will be a chance to pull the dollar against the Canadian dollar to 1.3235/1.3215.
EUR/GBP
0.8855/0.8880 resistance
0.8820/0.8795 support
Britain's Brexit needs to make progress, ease market tensions and boost the pound. On the contrary, the Eurozone data is still weak, the monetary policy tends to be dovish, and the euro falls against the pound against the euro. Technically expected 0.8850 resistance, if it can break through, look up 0.8880 and possibly extend to 8925. If the support level breaks 0.8795, it will probably test 0.8735. It is recommended to keep an eye out for big changes!
EURCHF
1.1345/1.1385 resistance
1.1300/1.1285 support
The euro was slowed down against the Swiss franc and continued to rebound last week. Technically, focus on the important resistance of 1.1345. If it continues to rise, it may challenge 1.14. Please keep an eye on the European Central Bank's monetary policy this Thursday night, whether it will bring the euro to a weak position and change the trend of the euro against the Swiss franc.
XAUUSD
1282/1285 resistance
1277/1274 support
At present, the risk of Brexit has cooled down, and the market is waiting for the British Parliament to discuss again next Tuesday, the gold price adjustment. Technically, if the price of gold exceeds $1,280, the price of gold may fall further. Today, the US stock market reopened after the holiday. If the stock market rises, gold will go down further. The key is that if the support level before 1277 falls, it is possible that gold will test 1274 or 1270 dollars.
US crude oil futures:
54.05/54.40 resistance
53.10/52.50 support
Sino-US trade consultations are progressing well. Earlier US crude oil inventories fell and OPEC could reduce production capacity, causing crude oil prices to continue to rise. Yesterday, Russia also said that it cut production, once again boosting crude oil prices. Only the market is worried about the lack of motivation in Europe and China's economy. When investing, it must be noted that crude oil prices may limit the increase and have the opportunity to adjust the decline.
US Dow Jones Industrial Index Futures US30
24820/24980 resistance
24510/24370 support
Seems good progress has been made in Sino-US trade consultations. The Fed may suspend interest rate hikes, which will benefit the investment climate and keep the stock market rising. China's GDP is in line with expectations, and the market sentiment is expected to support the rise of the US Dow. However, it must be noted that the performance of US corporations is announced, the stock market is subject to large fluctuations, and please careful when trading.
BTCUSD:
3470 / 3380 support
3750 / 3950 resistance
Under the Fed monetary policy forecasts for the cryptocurrencies. If the US Dow index keeping up, which is negative for the crypto market. If the Dow go down, it maybe support the crypto currencies rebound. Technically, the bitcoin price will testing the support at 3470. If rebound, the first target maybe set at 3750.

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

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

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

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

Kelly Yeung · Jan 22, 2019

Personal opinions today:
There were obstacles in Sino-US trade negotiations. After the US stock market resumed last night , the Dow fell more than 300 points. Fortunately, the performance of US companies announced better than market expectations, supporting the stock market to stabilize, and the US stock market recovered some lost ground before the close. Due to the negative sentiment of the US Dow by the Sino-US trade negotiations, the price of gold and the yen have been good. However, the China RMB, the Australian dollar and the New Zealand dollar fell. In addition, crude oil prices fell at a high level, and the Canadian dollar followed the decline. The only time the Brexit deadline is expected to be extended, the pound is strong in major currencies.
In the short-term, the Bank of Japan announced the interest rate decision at 11:00 am in Beijing time. At 14:30 in the afternoon, the central bank governor Kuroda held a press conference. The Bank of Japan’s monetary policy is expected to remain unchanged, but in the afternoon, Kuroda’s remarks have received attention. The market expects that the Bank of Japan's future monetary policy may be revised. If efforts are made to stimulate the economy, there is an opportunity to influence the yen's decline.
At 17:30 pm Beijing time, the Vice President of the Bank of England remarks and the UK announced industrial orders at 7 pm. The current estimates and vice president's comments have brought negatives, and the exchange rate of the pound may be adjusted. In the evening, Canada announced retail sales data, the market is expected to fall compared to October, before the results announced, it is still estimated to be negative for the Canadian dollar. In addition, US crude oil inventories will be announced tomorrow morning, and the market will watch the increase or decrease in the amount of inventories. If the result increases, there will be an opportunity to affect the decline in crude oil prices.
Today's suggestion:
EURUSD
1.1375/1.1395 resistance
1.1350/1.1335 support
Tomorrow evening, the European Central Bank announced the results of the interest rate decision and expressed its on the future monetary policy. At that time, the speech of the ECB president will become the focus of the market, and the fluctuation of the euro. If the ECB strengthens its dovish remarks, it may cause the euro to continue falling against the dollar. At present, the overall trend of the euro remains on the sidelines, and the exchange rate is expected to remain within the 1.13 level. If the pound rises significantly, the euro may be biased towards 1.14 resistance, please pay attention to trading risks.
GBPUSD
1.2975/1.2995 resistance
1.2905/1.2885 support
The market expects the British Prime Minister to submit a new draft of Brexit to the British parliamentarians for discussion. It is expected to improve the deadline for Brexit and support the rise in the exchange rate of the British pound. But in the afternoon, the BOE’s vice president speech and the industrial orders announced in the evening which all may be bad for the pound. Technically, the important resistance of the pound remained at 1.30 and the important support at 1.2905 and 1.2885.
USDCHF
0.9985/1.0015 resistance
0.9955/0.9930 support
The European economic data is weak, and the Swiss franc is indirectly negative. At present, the market is waiting for the European Central Bank's interest rate and monetary policy tomorrow night, and the Swiss franc is also stable. Technically, the US dollar against the Swiss franc is now likely to test 1.00. Before the challenge of 1.0015, the technical need to see the resistance of 0.9985. In addition, we must pay attention to whether the trend of the euro will change and how to drive the Swiss franc.
USD/JPY
109.85/110.05 resistance
109.25/109.05 support
The US Dow fell, indirectly lowering the Nikkei. As always, the dollar fell against the yen. First of all, pay attention to the results of the Bank of Japan’s interest rate decision at 11:00 am Beijing time. At 14:30 pm, Bank of Japan Governor Haruhiko Kuroda held a press conference. The Bank of Japan’s monetary policy is expected to remain unchanged, but in the afternoon, Kuroda’s remarks have been concerned, and the yen’s trend may change as a result of sudden policy changes. At night, attention in the US Dow and the Nikkei future. Technically, USD/JPY will have the opportunity to maintain above 109.30. If the market risk continues to cool, the stock market will rise, and the USD/JPY is expected to test 110.
AUDUSD
0.7145/0.7155 resistance
0.7125/0.7115 support
Affected by Sino-US trade negotiations, the Australian dollar fell below the 0.7145 support level. Tomorrow, Australia announced employment data for the previous month. The market expects that the number of employed people will also decrease, which is negative for the Australian dollar. Technical analysis, if the Australian dollar stays below 0.7145, the Australian dollar is still going down. Only if the Australian economic data beats expectations or the Sino-US trade negotiations progress, the Australian dollar has a chance to change its trend now.
NZDUSD
0.6775/0.6785 resistance
0.6715/0.6705 support
In the fourth quarter of New Zealand, CPl's annual growth rate was better than expected. After the Asian market opened, the New Zealand dollar rebounded by more than 70 points, but the 200-hour moving average resistance was stopped and the New Zealand dollar stopped. Coupled with the obstacles to Sino-US trade negotiations, it may affect the New Zealand dollar to fall again.
USD/CAD
1.3345/1.3365 resistance
1.3290/1.3270 support
Crude oil futures prices fell, the market expected retail sales in Canada fell as well, bad for the Canadian dollar. The current technical extension extends to 1.3330, and may even hit 38% of the rebound, to 1.3365 resistance. But if the oil price breaks through the $55 resistance, there will be a chance to pull the dollar against the Canadian dollar to 1.3235 or 1.3215. It is recommended to pay attention to the US crude oil inventory report tomorrow morning to observe the development of crude oil prices and the Canadian dollar.
EUR/GBP
0.8795/0.8830 resistance
0.8760/0.8745 support
The Brexit incident is waiting for progress, easing market tensions and boosting the pound. On the contrary, the Eurozone data is still weak, the ECB monetary policy tends to doves, bad for euros, and the euro fell against the pound. Technical support for the break of 0.8795 will likely test 0.8745. It is recommended to keep an eye out for big changes!
EURCHF
1.1345/1.1365 resistance
1.1320/1.1300 support
The euro was fell, the Euro against the Swiss franc and continued to rebound last week. Technically, focus on the important resistance of 1.1345. If you break through the resistance, you can expect to test 1.14. Please keep an eye on the European Central Bank's monetary policy tomorrow night, whether it will change the euro position and change the trend of the euro against the Swiss franc as well.
XAUUSD
1287/1289 resistance
1279/1277 support
Earlier, the Brexit risk was cooled and the price of gold was adjusted. However, Sino-US trade negotiations faced obstacles yesterday. Both China and the United States held their own opinions. Market anxiety was tense. The US Dow index and most of Asian stock markets fell, and gold prices rose. Technically, the price of gold has exceeded $1,280 and the price of gold may rise further to 1287 or 1289. If the atmosphere of negotiations between the two sides improves and global stock markets rise, gold will have a chance to go down. The current key important support is $1,277.
US crude oil futures:
53.55/54.05 resistance
52.10/51.50 support
The progress of Sino-US trade consultations has encountered obstacles, and the market has once again raised tension and crude oil prices have fallen. The US crude oil inventories will be released in the market tomorrow morning. As this analysis expects yesterday, the market is worried about the lack of motivation in the European and Chinese economies. When investing, it must be noted that crude oil prices may limit the increase and have the opportunity to adjust the decline.
US Dow Jones Industrial Index Futures US30
24570/24650 resistance
24370/24250 support
Sino-US trade negotiations encountered obstacles that restricted the Chinese stock market from rising. The two sides continue to negotiate and the performance is expected to meet market targets and is expected to support the rise of the US Dow index. However, it must be noted that when the results of some individual US companies are announced, there is a large fluctuation in the stock market, and it is recommended to be careful about trading.
BTCUSD:
3470 / 3380 support
3750 / 3950 resistance
Under the Fed monetary policy forecasts and the cryptocurrencies market. If the US Dow index keeping up, which is negative for the crypto market. If the Dow go down, it maybe support the crypto currencies rebound. Technically, the bitcoin price will testing the support at 3470. If rebound, the first target maybe set at 3750.

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

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

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

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

Kelly Yeung · Jan 23, 2019

Personal opinions today:
The Sino-US trade negotiations continue at the end of the month, the risk cooling down. In addition, the performance of US companies was better than market expectations, and the investment climate improved, driving the US Dow to rise. German Prime Minister and European Parliament officials said that they will continue negotiations with the UK to avoid the risk of a hard Brexit at the end of March, and may help the UK to postpone the Brexit time. The GBP exchange rate is supported, breaking the important resistance of 1.30 and becoming the main currency against the US dollar. The most prominent currency.
Beijing time tonight, ECB interest rate decision and monetary policy announcement. The market expects interest rates to remain unchanged, but pay attention to ECB President Draghi's remarks. If the dovish speech is maintained, the euro will have a limited increase against the US dollar.
Today's suggestion:
EURUSD
1.1395/1.1425 resistance
1.1360/1.1345 support
In the evening, the European Central Bank announced the results of the interest rate meeting and expressed its enlightenment on the future monetary policy orientation. After the meeting, the speech of the ECB president will become the focus of the market, and the fluctuation of the euro will arise. If the ECB strengthens its dovish remarks, it may cause the euro to continue falling against the dollar. At present, the overall trend of the euro remains on the sidelines, the exchange rate remains at 1.13 level to 1.14 resistance, please pay attention to trading risks.
GBPUSD
1.3105/1.3135 resistance
1.3045/1.3015 support
The market expects the British Prime Minister to submit a new draft of Brexit to the British parliamentarians for discussion. It is expected to improve the deadline for Brexit and support the rise in the exchange rate of the British pound. In addition, the German prime minister and European Parliament officials expressed their willingness to cooperate with the United Kingdom to avoid the British hard Brexit and comments to boost the pound. However, the exchange rate of the British pound fluctuated sharply, paying attention to adjusting the risk
USDCHF
0.9965/0.9985 resistance
0.9925/0.9900 support
The UK avoided hard Brexit and boosted European currencies, and the Swiss franc indirectly rose. The market is currently awaiting the ECB's interest rate and monetary policy. Technically, it is estimated that the US dollar against the Swiss franc is developing within the range of 0.99. If the euro rises further, the dollar will break through 0.9900 support against the Swiss franc.
USD/JPY
109.85/110.05 resistance
109.25/109.05 support
The US Dow and the Nikkei Index drive the dollar against the yen. In addition, Bank of Japan Governor Haruhiko Kuroda said that the Bank of Japan’s monetary policy is expected to remain unchanged and the current quantitative easing monetary policy will continue. The rhetoric has kept the yen at risk of falling. Technically, USD/JPY will have the opportunity to maintain above 109.30. If the market risk continues to cool, the stock market will rise, and the USD/JPY is expected to test 110.
AUDUSD
0.7175/0.7190 resistance
0.7135/0.7120 support
The Australian dollar regained above 0.7145, mainly due to Australia's announcement that employment data improved last month and the unemployment rate fell. Secondly, Sino-US trade negotiations, relations improved, both sides agreed to meet at the end of the month. The Sino-US trade negotiations have made progress and the Australian dollar has the opportunity to go up.
NZDUSD
0.6825/0.6845 resistance
0.6785/0.6765 support
The day before, New Zealand's fourth quarter CPl annual growth rate is better than expected. Australia's employment has improved this morning. The New Zealand dollar has broken through the 200-hour moving average resistance and further challenged 0.68. Coupled with the improvement of Sino-US trade negotiations, the New Zealand dollar can rise.
USD/CAD
1.3345/1.3365 resistance
1.3290/1.3270 support
The crude oil futures prices fell, Canadian retail sales fell, bad for the Canadian dollar. The current technical extension extends to 1.3330, and may even hit 38% of the rebound, to 1.3365 resistance. But if the crude oil price breaks through the $55 resistance, there will be a chance to pull the dollar against the Canadian dollar to 1.3235 or 1.3215. It is recommended to pay attention to the US crude oil inventory report tomorrow morning to observe the development of crude oil prices and the Canadian dollar.
EUR/GBP
0.8755/0.8770 resistance
0.8700/0.8675 support
The Brexit incident is waiting for progress, easing market tensions and boosting the pound. On the contrary, the Eurozone data is still weak, monetary policy tends to doves, bad euros, and the euro fell against the pound.
EURCHF
1.1345/1.1365 resistance
1.1320/1.1300 support
The euro was slowed down against the Swiss franc and continued to rebound last week. Technically, focus on the important resistance of 1.1345. If the EURCHF break through the resistance, it can expect to test 1.14. Please keep an eye on the European Central Bank's monetary policy, whether it will bring the euro to a weak position and change the trend of the euro against the Swiss franc.
XAUUSD
1287/1289 resistance
1279/1277 support
The risk of hard Brexit in the UK has cooled down. At present, the Sino-US trade negotiation relationship has improved. The US Dow and Asian stock markets have risen, and the price of gold has downward pressure. Technically, the current technology key position is $1,277.
US crude oil futures:
53.55/54.05 resistance
52.10/51.50 support
US crude oil inventories rose sharply and crude oil prices fell. As expected in this analysis yesterday, the market is worried that the European and Chinese economies lack momentum and demand for crude oil falls. When investing, it must be noted that crude oil prices may limit the increase and have the opportunity to adjust the decline.
US Dow Jones Industrial Index Futures US30
24600/24700 resistance
24370/24250 support
Sino-US trade negotiations improved, and the US Dow rose. At present, China and the United States are awaiting negotiations, and it is expected that the performance of US companies will support the rise of the US Dow. However, it must be noted that when the results of individual US companies are announced, there is a large fluctuation in the stock market, and it is recommended to be careful about trading.
BTCUSD:
3470 / 3380 support
3750 / 3950 resistance
Under the Fed monetary policy forecasts and the cryptocurrencies market. If the US Dow index keeping up, which is negative for the crypto market. If the Dow go down, it maybe support the crypto currencies rebound. Technically, the bitcoin price will testing the support at 3470. If rebound, the first target maybe set at 3750.
Enjoy trading!
The content is for reference only. Please do ensure that you understand the risk.
Information provided by ATFX, Chief Analyst of Asia Pacific: Martin Lam
Registered Australian Accountant/ Certified Professional Manager / Certified Financial
Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices.
Contact: cs.gm@atfx.com or wechat: ATFX_China
Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is : the Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.

Kelly Yeung · Jan 24, 2019

Personal opinions today:
The representative of the leader of the Irish National Party of the British Parliament said that they will agree on the coming next British Brexit draft, means that the Brexit support rate is rising. It is expected to pass the draft of Brexit before the deadline, and the UK has an agreement to leave the EU. In addition, the German Chancellor and the European Parliament continue to say that the Brexit time can be extended. In conclusion, the risk of hard Brexit in the UK has been reduced, further boosting the pound. This morning, the pound has reported 1.3128.
The Sino-US trade negotiations will be held as scheduled next week. At present, the progress of the negotiations is still satisfactory. It is expected that the trade agreement is expected to be completed smoothly.
The European economic risks brought about by Brexit and the Sino-US trade war are expected to be resolved, and investment sentiment is expected to improve. The global stock markets are expected to look better, but it will affect the price of gold and also declined of the yen. If the outlook for the global economy improves, it will help the price of crude oil rise. In the foreign exchange market, the European currency is expected to bottom out. The situation is similar to the recent trend of the pound. If the Sino-US trade negotiations are successful at the end of the month, the Australian dollar, the New Zealand dollar and the Canadian dollar and other commodity currencies are expected to resume their upward trend.

Today's suggestion:
EURUSD
1.1335/1.1355 resistance
1.1290/1.1275 support
Last night, the European Central Bank announced the results of the interest rate meeting, interest rates and monetary policy remain unchanged. In the press conference after the meeting, the ECB president said that the future monetary policy orientation is still cautious, and the content maintains dovish remarks, which once caused the euro to fall against the dollar. However, it can be noted that the central bank governor's position is mainly aimed at British tradeism (US trade with Europe and China). In addition, the Brexit is uncertain about the European economy. It can be seen from this that if the Sino-US trade negotiations progress in the next week, the draft of the Brexit submitted by the British Prime Minister will be supported, and the concerns of the European Central Bank will be resolved.

GBPUSD
1.3135/1.3155 resistance
1.3065/1.3045 support
The pound hit 1.3015 last night and then rebounded. The most important reason for the rebound of the pound is that the market expects the British Prime Minister to submit a new draft of the Brexit to the British parliamentarians for discussion, which is expected to extend the Brexit deadline. Moreover, the German Chancellor and European Parliament officials have expressed their willingness to cooperate with the United Kingdom to extend the deadline, to avoid the British hard Brexit, and to boost the pound. In addition, this morning, the Irish leader said that they would consider supporting the new plan of the British Prime Minister next week, further boosting the pound to 1.31. Technically, pay attention to the GBP short term adjustment risk, but in the long run, positive news may help further boost the pound, the target has the opportunity to reach the important level of 1.3250 or 1.33.

USDCHF
0.9965/0.9985 resistance
0.9925/0.9900 support
The United Kingdom avoided hard Brexit and boosted European currencies, and the Swiss franc accepted the benefits. The European Central Bank’s interest rate and monetary policy are relatively mild and have not affected the Swiss franc. Technically, it is estimated that the US dollar against the Swiss franc will remain in the 0.99 range. If the euro rises further, the dollar will break through 0.9900 support against the Swiss franc.

USD/JPY
109.85/110.05 resistance
109.25/109.05 support
The US Dow and the Nikkei Index in a narrow range, which has also led to a narrowing of the dollar-yen volatility. From another perspective, Bank of Japan Governor Haruhiko Kuroda said that the Bank of Japan’s monetary policy is expected to remain unchanged and the current quantitative easing monetary policy will continue. The policy has kept the yen at risk of falling. Technically, as long as the USD/JPY will have a chance to maintain above 109.30. If the market risk continues to cool, the stock market will rise, and the USD/JPY is expected to test 110.

AUDUSD
0.7115/0.7130 resistance
0.7075/0.7050 support
Due to the fall in copper prices and industrial metal prices yesterday, the performance of the Australian dollar was affected. The Australian dollar lost 0.7145 support. But looking back at Australia's job data improved last month, the unemployment rate fell. In addition, China-US trade negotiations are expected to make progress next week, and the Australian dollar still has a chance to move up. Technically, an estimated 0.7050 is an important support, while 0.7145 is an important resistance. When investing, it is recommended to carefully observe the trend of industrial metal prices, in addition to Sino-US relations and the situation. Or the performance of China's RMB exchange rate can also be referenced.

NZDUSD
0.6775/0.6805 resistance
0.6745/0.6725 support
The New Zealand dollar was affected by the Australian dollar, and the market digested the good news of New Zealand's economic data. It lacked the upward momentum and returned to the 200-hour moving average. The technical short-term adjustment wave 61.8% support is 0.6745, followed by 0.6705 for important support. If the Australian dollar rebounds, the New Zealand dollar will have the opportunity to return to the first resistance of 0.6775.

USD/CAD
1.3365/1.3385 resistance
1.3325/1.3300 support
The current technical extension extends to 1.3365 resistance. If the crude oil price breaks through the $55 resistance, there will be a chance to pull the dollar against the Canadian dollar to 1.3235 or 1.3215. It is recommended to observe the development of crude oil prices and the Canadian dollar. In addition, if the Sino-US trade negotiations are expected to progress, and there is an opportunity to benefit the Canadian dollar. Please pay close attention.

EUR/GBP
0.8705/0.8720 resistance
0.8620/0.8605 support
There is good news in the Bdollar. The British Prime Minister is expected to receive Irish support, and the European Parliament has indicated that it will give time to the Brexit, ease market tensions and boost the pound. On the contrary, the Eurozone data is weak, the ECB president said that the doctrine of monetary policy, the bearish euro, the euro continued to fall against the pound. However, the important news that most markets are most concerned about has ended. If the euro rises steadily and the exchange rate of the pound rises, the euro is expected to rebound against the pound.

EURCHF
1.1275/1.1295 resistance
1.1250/1.1235 support
Affected by the comments of the ECB president, the euro fell to 1.13. The euro fell against the Swiss franc and fell below 1.13. Technically, if the euro ends its decline against the dollar and rebounds, the euro has a chance to regain the 1.13 level against the Swiss franc.

XAUUSD
1285/1288 resistance
1277/1274 support
The price of gold remains at $1,277. As the risk of hard Brexit in the UK cools down, the Sino-US trade talks will resume again next week. The performance of US companies is in line with market expectations, which reduces the risk of falling in the US stock market and Asian stock markets. It is estimated that there is downward pressure on gold prices. Technically, the current technical key technical position is $1,277, but if this support level is broken, it is expected to test the bottom. The first target is $1,274 and the next target is $1,266.

US crude oil futures:
53.95/54.30 resistance
52.30/51.95 support
Recently, US crude oil inventories rose sharply, causing crude oil prices to fall. The market estimates that crude oil prices may limit the increase to $55. If technically, the resistance of 54.30 will fail again, and there will be another chance to adjust the decline. attention please.

US Dow Jones Industrial Index Futures US30
24630/24700 resistance
24370/24250 support
At present, China and the United States are awaiting negotiations, and it is expected that the performance of US companies will support the rise of the US Dow. However, it must be noted that when the results of individual US companies are announced, there is a large fluctuation in the stock market, and it is recommended to be careful about trading.

BTCUSD:
3470 / 3380 support
3750 / 3950 resistance
Under the Fed monetary policy forecasts and the cryptocurrencies market. If the US Dow index keeping up, which is negative for the crypto market. If the Dow go down, it maybe support the crypto currencies rebound. Technically, the bitcoin price will testing the support at US3470. 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.

Kelly Yeung · Jan 29, 2019

Personal opinions today:
The British Parliament passed a partial revision of the draft Brexit new agreement, but the Irish border guarantee program has not yet been passed. The overall draft of the Brexit remains unresolved and the British pound fell. The next focus of the market is the FOMC interest rate decision. The result will be announced at 3 am on the 31st, Beijing time. Then the Fed will hold a press conference. The market will wait for the Fed's monetary policy orientation and look for interest rates. Under this circumstance, the US dollar index temporarily stay above 95.6. Gold prices and crude oil prices generally benefited from the prospects and pace of interest rate hikes by the Fed. Except for the pound, most of the major currencies have generally risen against the dollar.
In Asian time, after the US Federal Reserve's interest rate meeting tomorrow morning, the market will look at Friday's important data, the US none-farm payroll and average wage for January. The market expects the end of the US consumer season, during which the US government sector is partially shut down, and the weather in the United States is affected by the blizzard. It is expected that the US job market will fall sharply in January, which is negative for the US dollar. If technical analysis is used to assess the US dollar adjustment wave, the callback is 61.8% to 95.6 before the US non-farm payrolls data is released. The next level of important support is 95.0. If the trend continues to go down further, most of the major currencies against the US dollar and gold prices will generally be supported.
Today's suggestion:
EURUSD
1.1480/1.1505 resistance
1.1405/1.1380 support
The market focus is on the FOMC interest rate decision and the US January job market report, especially the non-farm payroll and average wage data. At present, the overall data is expected to be negative for the US dollar, resulting in a bullish euro. Technically, it will looking to the resistance of 1.1480 and 1.1505. The support levels are 1.1405 and 1.1380 respectively. As the FOMC interest rate decision may be worse than the market tomorrow morning, please pay attention to position risk management when investing.
GBPUSD
1.3205/1.3230 resistance
1.3055/1.3025 support
The British Parliament voted on the draft of the new Brexit agreement, the issue of the Irish border remains unresolved, the Congress vetoed the draft, the pound fell below 1.3095 important support, technically bearish pounds. But the next focus of the market is the Fed's interest rate and the US January job data report, especially the non-farm payroll and average wage data. The current overall data is expected to be bearish for the dollar, which is estimated to boost the pound. As the FOMC interest rate decision may be worse than the market tomorrow morning, please pay attention to position risk management when investing.
USDCHF
0.9940/0.9960 resistance
0.9900/0.9880 support
The Swiss franc continued to consolidate within 0.99, and the pound fell, indirectly affecting the performance of the Swiss franc, but technically it is expected that the dollar will continue to develop within 0.99 against the Swiss franc. The next focus of the market is the FOMC interest rate decision and the US January job data report, especially the non-farm payroll and average wage data. The current overall data is expected to be negative for the US dollar, which is estimated to boost the Swiss franc. As the FOMC interest rate decision may be worse than the market tomorrow morning, please pay attention to position risk management when investing.
USD/JPY
109.45/109.60 resistance
109.05/108.85 support
Before the FOMC interest rate decision, the market expects the interest rate and monetary policy to remain unchanged, and may announce a delay on the rate hike, causing the dollar to fall and the dollar to fall against the yen. In addition, the US Dow's uptrend performance began to weaken, dragging Japan's Nikkei index to fall after the opening this morning, and further negative the dollar against the yen. It is recommended to pay close attention to changes in global stock markets, especially the US Dow futures. The current overall data is expected to be negative for the dollar, which is estimated to boost the yen. As the Fed's interest rate decision may be worse than the market tomorrow morning, please pay attention to position risk management when investing.
AUDUSD
0.7190/0.7215 resistance
0.7145/0.7130 support
This morning, Australia consumer confidence index up, which is positive for the Australian dollar. In addition, the price of copper and industrial metals rebounded and the Australian dollar benefited. At present, the market pays close attention to the FOMC interest rate decision and monetary policy orientation and the upcoming Sino-US trade negotiations. It is estimated that the Australian dollar still has a chance to go up. The short-term proposal carefully observes the trend of industrial metals prices and Sino-US relations and situation, while the latter is most concerned by the market and affects the trend of the Australian dollar. As the FOMC interest rate decision may be worse than the market tomorrow, please pay attention to position risk management when investing.
NZDUSD
0.6840/0.6855 resistance
0.6805/0.6785 support
The market is watching the Sino-US trade negotiations and the FOMC monetary policy decision, and the fundamentals are positive the NZD. Technically, the current focus is on 0.6805 support for the New Zealand dollar adjustment wave. As the FOMC interest rate decision may be worse than the market tomorrow morning, please pay attention to position risk management when investing.
USD/CAD
1.3285/1.3310 resistance
1.3235/1.3215 support
Technically, if the dollar breaks the resistance of 1.3285 or 1.3310 against the Canadian dollar, the technical Canadian dollar may weaken. As the FOMC interest rate decision may be worse than the market tomorrow morning, please pay attention to position risk management when investing.
EUR/GBP
0.8765/0.8790 resistance
0.8720/0.8675 support
The Brexit was once again rejected, affecting the pound's decline. In the recent analysis, if the euro stabilizes and its upward trend, the pound will adjust. the EURGBP is expected to rebound. At present, the FOMC interest rate decision may be different from the market, there may be a gap in the market. Please pay attention to position risk management when investing.
EURCHF
1.1385/1.1400 resistance
1.1360/1.1345 support
The euro rose against the dollar, and the dollar traded in a narrow range against the Swiss franc. The euro continued to rise against the Swiss franc and broke the resistance at 1.1350. It is expected that the euro will continue to rise against the US dollar, and the euro against the Swiss franc may test the next level of important resistance at 1.1385. The FOMC interest rate decision may be different from the market tomorrow morning. Please pay attention to position risk management when investing.
XAUUSD
1315/1318 resistance
1311/1308 support
The market is waiting for the FOMC interest rate decision and monetary policy, expected policy and interestlevels remain unchanged. The market generally believes that the FOMC will keep interest rates unchanged and may delay the pace of interest rate hikes to boost gold prices. If the FOMC does not abandon the tightening of monetary policy, the price of gold may fall. Please note that the Fed policy meeting may have a possible gap with the market, please pay attention to position risk management.
US crude oil futures:
53.90/54.30 resistance
52.50/52.05 support
Before the FOMC interest rate decision, the price increase of crude oil was limited. There is still no breakthrough in technical resistance at 53.90 and 54.30, and it is still necessary to pay attention to the adjustment of crude oil prices to 52 to 51 US dollars. If the FOMC does not give up the tightening of monetary policy, the price of crude oil may fall. Please be aware that the Fed policy meeting statement that may have a possible gap with the market, please pay attention to position risk management when investing.
US Dow Jones Industrial Index Futures US30
24770/24865 resistance
24270/24150 support
At present, the second round of negotiations between China and the United States is about to begin, reflected in market expectation. The only one watching the US larger companies announce their quarterly results, it may be fluctuation in the stock market, and it is recommended to be careful about trading. Tonight, a lot of US larger companies announced their quarterly results. In addition, the market is watching the FOMC interest rate decision. The Dow has fluctuations and uncertainties, and pay attention to risks.
BTCUSD:
3280 / 3100 support
3750 / 3950 resistance
FOMC monetary policy decisions on coming. The market expected the Fed monetary policy will remain unchanged, which will be positive the cryptocurrencies market. However, the the crypto market now is not reflected. The market and investors may be waiting the FOMC statement and looking for the long term trend in interest rate direction. Technically, the bitcoin price 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.

Kelly Yeung · Jan 30, 2019

Personal opinions today:
The Fed announced that it will keep interest rates unchanged and maintain the monetary policy until the economy improved. The content of the interest rate policy is removed from the gradual rate hike and revised to maintain patience and wait for a rate hike. In the post-meeting statement, Fed Chairman Powell said that the decision to keep interest rates unchanged is not to consider political pressure, mainly due to Sino-US trade negotiations and the Brexit uncertainty factors, affecting investors' investment intentions, worrying about the economy's first and second quarter economy slow down. It is expected that the Fed will keep interest rates unchanged until September this year. Under the chairmanship of the Fed’s comments and the suspension of interest rate hikes, the US Dow rose 1%, and it has risen as much as 500 points. Affected by interest rate invariance factors, the US dollar fell, but the decline was limited. The Dollar Index was once low at 95.25.

After the Fed ends the meeting on interest rates, the market will look at the second round of Sino-US trade negotiations held two days tonight and the US January job report released on Friday night. At present, the market expects Sino-US trade negotiations to progress, and the US ADP job data was released last night. The results were higher than market expectations, reaching 213,000, surpassing market expectations of 178,000. The data is expected to stabilize the dollar and boost the dollar.
Today, the market waits for the unemployment rate in Germany and the Eurozone in the afternoon, in addition to the GDP of the fourth quarter of the Eurozone. At night, Canada's GDP, the number of US initial jobless claims and the US Chicago Purchasing Managers Index PMl.

Today's suggestion:
EURUSD
1.1510/1.1525 resistance
1.1465/1.1450 support
Yesterday pointed out the Fed's interest rate and the US January job report, the overall data is expected, bearish dollars, and more euros. Technically, focus on the resistance of 1.1480 and 1.1505. As the afternoon eurozone employment data and the fourth quarter GDP expectations are lower than the previous value, the euro is negative. It is expected that before the European opening in the afternoon, the euro will develop below the resistance of 1.1525, and then the performance of the Eurozone data will be developed in the evening. It is worth paying attention to the number of initial jobless claims in the US at night. If the increase is greater than market expectations, the dollar may be supported at 1.1465 or 1.1450.

GBPUSD
1.3145/1.3160 resistance
1.3055/1.3040 support
The Fed’s decision on interest rate decision was negative for the US dollar. However, the prospect of Brexit is unclear and the pound's gains are limited. The market is concerned about the number of initial jobless claims announced by the United States tonight and the US job report for January tomorrow, with particular concern for the US non-farm payrolls and average wage data. As the market is watching, it is expected that resistance at 1.3145 and 1.3160 will have an opportunity to limit the pound's gains.

USDCHF
0.9950/0.9970 resistance
0.9905/0.9880 support
The Fed kept interest rates unchanged and was negative for the dollar. In addition, the performance of non-farm payroll and average wage data in the United States in January remained unsatisfactory, resulting in an increase in Swiss francs. The current market situation is still expected to be negative for the US dollar, and it is estimated that the Swiss franc is supported. Technically, the US dollar against the Swiss franc is expected to test the key support 0.9905. However, from late afternoon to evening, we must pay attention to the important data performance of the Eurozone, which indirectly affects the trend of the Swiss Franc.

USD/JPY
109.45/109.60 resistance
109.05/108.85 support
The Fed’s interest rate and monetary policy remain unchanged, and the statement said that the pace of interest rate hikes will be suspended, causing the dollar to weaken and the dollar to fall against the yen. However, the Fed decided to cause the US Dow to rise strongly, drive the Nikkei Index, and have the opportunity to boost the USD/JPY step by step. It is recommended to pay close attention to changes in global stock markets, especially the US Dow futures.

AUDUSD
0.7270/0.7285 resistance
0.7225/0.7210 support
The Fed’s interest rate decision and monetary policy orientation have caused the Australian dollar to rise against the US dollar. The Fed maintains interest rates unchanged, boosting copper prices, which is also the reason for the rise in the Australian dollar. The next step is to look at the Sino-US trade negotiations and the US job report. Today, the Australian dollar may adjust first, and wait for the latest news.

NZDUSD
0.6920/0.6945 resistance
0.6870/0.6855 support
The Fed’s monetary policy remains unchanged, and the market is watching the Sino-US trade negotiations. These fundamental factors are bullish for the New Zealand dollar. The Australian dollar rose, indirectly to the New Zealand dollar. Technically, the short-term New Zealand dollar may be adjusted before waiting for the US job report. The reference important support levels are 0.6870 and 0.6855. If it fails, it will likely change the New Zealand dollar trend.

USD/CAD
1.3185/1.3210 resistance
1.3125/1.3105 support
The Fed keeps interest rates unchanged and may maintain the current interest rate for a period of time. On the one hand, it supports the rise of the Canadian dollar, and the price of crude oil also benefits. The dollar extended its gains against the Canadian dollar, approaching 1.3120 support. Tonight, Canada announced GDP data for November last year, which may disappoint the market and bearish the Canadian dollar. Technically, the USD/CAD has a chance to rebound to resistance at 1.3185 or 1.3210, so stay tuned!

EUR/GBP
0.8765/0.8780 resistance
0.8720/0.8675 support
The Brexit was once again rejected, affecting the pound's decline. In the recent analysis, if the euro exchange rate stabilizes and regains its upward trend, the exchange rate of the pound will adjust and the euro is expected to rebound against the pound. Affected by the Federal Reserve's interest rate decision, the euro rose more than the pound, making the euro rise against the pound. Important data for the Eurozone will be released in the afternoon. If the data is weak, the euro will fall, or the euro will fall against the pound. Please pay attention! .

EURCHF
1.1425/1.1440 resistance
1.1400/1.1385 support
The euro rose more than the Swiss franc, and the euro continued to rise against the Swiss franc. 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.

XAUUSD
1325/1329 resistance
1314/1310 support
The Fed’s interest rate monetary policy will keep interest rates unchanged, and the pace of interest rate hikes will slow down in the future, creating a higher price for gold. The conclusions are consistent with this analysis. Next, the market waits and sees the US job report. If the gold price adjustment is likely to fall below the 1314 support, the gold price is expected to continue to fall further. The short-term important resistance of 1325 is also worthy of attention.

US crude oil futures:
54.90/55.30 resistance
54.05/53.85 support
Before the Fed’s interest rate decision, the price increase of crude oil was limited. The Fed said that it patience to wait for interest rate hikes, and crude oil prices were supported, breaking technical resistance 53.90 and 54.30 respectively. At present, the basic factor of crude oil is still bullish for crude oil prices, and the target is expected to be tested at 55 US dollars. However, if you lose $54, you must pay attention to the deep adjustment of crude oil prices.

US Dow Jones Industrial Index Futures US30
25070/25165 resistance
24890/24750 support
The Fed decided to raise interest rates and the Dow rebounded. The next step is to pay attention to the upcoming round of negotiations between China and the United States, and whether it will bring a favorable atmosphere. 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 market expected the Fed monetary policy will remain unchanged, which will be positive the cryptocurrencies market. However, thecrypto market now is not reflected. Technically, the bitcoin price 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.

Kelly Yeung · Jan 31, 2019

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.

Kelly Yeung · Feb 11, 2019

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.

ATFX Market Updates 2019

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

Kelly Yeung

ATFX.com Representative

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