ATFX Press Releases - 2018

[Kelly Yeung]

Personal insight today:

The UK August retail sales quarterly adjustment better than market expectations. After the consumer price index and the retail price index rose sharply in August, The pound has risen for two consecutive days. After the pound broke through the 1.32 resistance, the dollar weakened again and challenged the key resistance of 1.33. The dollar weakened and fell, separating the two main reasons. The first ECB official said that the central bank will further consider stopping the long-term bond purchase plan, tightening the euro monetary policy, the euro will break away from the zero interest period, step into the interest rate hikes, and positive the euros. In addition, the market expects Sino-US trade friction to continue to entangle in the short-term, short-term US suspension for emerging market countries, emerging market currencies have rebounded, indirectly causing the euro to rebound. The rise in the euro means that the dollar has fallen. The dollar fell, commodity prices rose, and commodity currencies were equally good. Australia , New Zealand and the Canadian dollar continued to record an increase.

In addition, the number of initial jobless claims in the US fell slightly last night, but other economic indicators disappointed the market. Tonight, the US announced the manufacturing and service purchasing managers' index, or once again disappointed the market, affecting the performance of the dollar. Another focus tonight, Canada's August CPI and retail sales data. The market expects a digital increase, which may help the Canadian dollar exchange rate rise. Note that next week, the Fed will raise interest rates. Under the expectation of raising interest rates, the US dollar may be supported, and the US dollar still has a chance to rebound.

Today's suggestion:

EURUSD
1.1790/1.1815 resistance
1.1755/1.1740 support
The UK's important accounting data rose sharply in August, and emerging market currencies rebounded, boosting the euro. Two major factors occurred on the same day, and the euro rebounded by nearly a hundred points. The most important thing is mentioned above. After the European Central Bank ends its bond-buying program, it plans to tighten monetary policy and attract funds to abandon US Treasury bonds into European long-term government bonds and bills, so that the euro will appreciate. The euro is 1.18, and there may be resistance in the short term. But we must pay attention to whether the performance of the US economic data is progressing, otherwise the funds will still flow to the euro, pushing up EURUSD again. It is recommended to pay attention to the trading risks by change the trend.

GBPUSD
1.3285/1.3305 resistance
1.3225/1.3190 support
Yesterday, important data from the UK, which made the pound rise again. In addition, the rebound of emerging market currencies has contributed to the overall rise of European currencies, and short-term upswings are expected to continue. However, the EU-British talks with Brexit are still full of obstacles, and the unfavorable news has made the pound plunge at any time. It is recommended to pay attention to the trading risks by change the trend.

USDCHF
0.9620/0.9640 resistance
0.9570/0.9555 support
The rebound in emerging market currencies has caused the European currency to rebound as well. The Euro currency euro performance is expected to continue to lead the Swiss franc. If the US economic data improves or the emerging market currencies fall, the dollar may have an upward trend against the Swiss franc. It is recommended to pay attention to the trading risks by change the trend.

USD/JPY
112.75/112.90 resistance
112.25/112.05 support
The US Dow climbed, the Nikkei index broke through the resistance, and the USD/JPY also broke the 112.45 resistance. In July, the US dollar against the yen was at a high of 113.15. If the US Dow and the Nikkei index reversed in reverse, it is expected that the USD/JPY will have a downward trend, and 113.15 may not appear. It is recommended to pay attention to the trading risks by change the trend.

AUDUSD
0.7300/0.7320 resistance
0.7245/0.7220 support
Global risk sentiment eased, emerging market currencies rebounded, and funds flowed out of US debt, causing the dollar to fall and the Australian dollar to rise. The short-term trend may continue, but it is necessary to pay attention to the performance of the US economic data and the Fed's interest rate next week, which will reverse the performance of the Australian dollar at any time. It is recommended to pay attention to the trading risks by change the trend.

NZDUSD
0.6700/0.6720 resistance
0.6650/0.6635 support
New Zealand's second-quarter GDP growth was better than expected, boosting the New Zealand dollar. Coupled with the easing of global risk sentiment and the rebound of emerging market currencies, the dollar has fallen, indirectly causing the New Zealand dollar to rise. The short-term trend may continue, but it is necessary to pay attention to the performance of the US economic data and the Fed's interest rate next week, which will reverse the performance of the New Zealand dollar at any time. It is recommended to pay attention to the trading risks by change the trend.

USD/CAD
1.2880/1.2865 support
1.2930/1.2945 resistance
Negotiations between the United States and Canada on the North American trade agreement continue, and it is expected that the agreement will be completed this week, the rising in oil prices that was one of the reasons for the positive Canadian dollar. However, the current trade negotiations between Canada and the United States in North America are still full of variables. If the negotiations encounter obstacles, they will short-term negative Canadian dollars.

EUR/GBP
0.8870/0.8860 support
0.8895/0.8905 resistance
The overall EURGBP is still holding 0.8870 important support, and the UK's important data has been improved recently, boosting the pound. In addition, the Brexit negotiations were unclear, and finally the euro rebounded against the pound. The current trend of the euro against the pound, the most important is the prospect of Brexit negotiations.

EURCHF
1.1280/1.1260 support
1.1320/1.1335 resistance
The Brexit negotiations were unclear and ended up with a bearish EURCHF. At present, the EURCHF that crosses rate currency pair‘s trend, the most important is the prospect of Brexit negotiations.

XAUUSD
1211/1213 resistance
1204/1202 support
Emerging market currencies rebounded, funds flowed out of US debt, and the dollar fell, causing gold to rebound. But pay attention to the fundamental factors, before the Fed raises interest rates, investors hold gold interest rates up and have the opportunity to make gold prices fall. It is expected that the medium-term trend will fluctuate on the eve of the announcement of the Fed's interest rate on the morning of September 27, and maintain sell high, buy low. But also recommended to pay attention to the trading risks by change the trend.

US crude oil futures:
69.75/69.50 support
71.55/71.95 resistance
US crude oil inventories increased, but Iran was sanctioned by the United States, restricting crude oil exports until the end of the year, the supply of crude oil was tight, and oil prices climbed. In addition, as the demand for crude oil increases at the end of each year, it is expected that the oil price will be upward. The US president urged the OPEC to reduce the oil prices. Under the earlier production reduction agreement, it is believed that it is impossible to increase production and cut the oil prices. But also recommended to pay attention to the trading risks by change the trend.

BTCUSD:
6605/6720 resistance
6150 /6060 support
The US Fed economy reported showed the economy growing up is not so fast, interest rates maybe remain at this level. This expectation maybe increased the demand for cryptocurrencies higher. It could be supported the bitcoin and other cryptocurrencies demand. By technically, most of the investors assumed the bitcoin support at US6000. It may be good for reference.q

Enjoy and happy trade! The content is for reference only. Please do ensure that you understand the risk. Wish Happy trading!

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: wechat: ATFX_China



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

 

[Kelly Yeung]

Personal insight today:
The Trump government of the United States announced last week that it has imposed an additional 10% tariff on Chinese imports worth US$200 billion. The renminbi is bearish. The negative news has caused the US dollar to see 6.86 against the offshore renminbi. The market expects that the US government has still not lifted the threat of trade war against China and continues to be negative for the renminbi and the Chinese stock market, with reference to the target of 6.90. Last week, the UK consumer price index, retail price index and seasonally adjusted retail sales in August last year beat market expectations. GBPUSD broke the resistance of 1.32 and challenged the key resistance of 1.33. It is a pity that the British Prime Minister and the EU Brexit diplomatic officials released negative news respectively, adding pressure to the negotiations and worrying about the risk of "hard Brexit". At one time, the price of the European and American exchanges fell from 1.18.

In the afternoon, Germany's September IFO business climate index and the UK's September industrial export orders are worthy of reference. However, the Brexit negotiations and news are updated daily and investors are worth noting. In the evening, the wholesale sales data of Canada in July had a direct impact on the trend of the Canadian dollar, which deserves attention. On the morning of Thursday, the Fed negotiated interest rates. The general market believes that it will raise interest rates by 0.25%, but whether the Fed can further raise interest rates in December is the key point. On behalf of the short-term US dollar trend is not a "one-off show". Under the absolute advantage of the US dollar, the trend has a chance to fall further. And the trend of silver also has a chance to rebound.

Today's suggestion:

EURUSD
1.1735/1.1720 support
1.1770/1.1785 resistance
The Fed’s interest rate this week, the dollar’s strength is expected to remain until the eve of the interest rate announcement. On the other hand, the European Central Bank is ready to stop the long-term bond purchase program, which means stepping up monetary policy, which is expected to narrow the spread between the two sides and benefit the euro. Short-term support can refer to 1.1735 and 1.1720. If there is a chance to fall to the 1.16 level, it is recommended to avoid excessive chasing to prevent the risk.

GBPUSD
1.3045/1.3020 support
1.3195/1.3225 resistance
The decline in the pound's US is mainly due to the fact that the EU and the UK's Brexit negotiations are still full of obstacles. The unfavorable news often makes the pound and the US fall from a high position. After the fall of the pound last Friday, investors can consider establishing a long position in the low support range, hoping to use the negotiations to make progress and boost the pound. In any case, it is recommended to pay attention to the change in the trend and happens any trading risks.

USDCHF
0.9620/0.9640 resistance
0.9570/0.9555 support
Emerging market currencies rebounded last week, creating a rebound in European currencies. However, the obstacles to the Brexit negotiations in the UK have occurred, and the European currency has once again been negative. In any case, there is no Swiss economic data in the short term, and the performance of the euro is expected to lead the development of the Swiss franc. If the US economic data improves or the emerging market currencies fall, the US dollar may have an upward trend against the Swiss franc. It is recommended to pay attention to the trading risks brought by the trend change.

USD/JPY
112.75/112.90 resistance
112.25/112.05 support
The US Dow and the Nikkei index rose, and the USD/JPY trend followed. Similarly, the US Dow and the Nikkei index fell, and the USD/JPY went down again. If the Fed raises interest rates this week, the stock market has a chance to fall. The important resistance of the USD/JPY is 113.15 or may not appear. USDJPY has a downside risk, it is recommended to pay attention to the short-term downward trend.

AUDUSD
0.7280/0.7300 resistance
0.7255/0.7240 support
Earlier, global risk sentiment eased, emerging market currencies rebounded, and funds flowed out of US debt, causing the dollar to fall and the Australian dollar to rise. However, the short-term trend must pay attention to the performance of the US economic data and the Fed's interest rate this week, which will cause the Australian dollar to decline at any time. AUDUSD has downsides risk, it is recommended to pay attention to trading risks.

NZDUSD
0.6700/0.6720 resistance
0.6660/0.6645 support
The performance of the US economic data and the Fed's interest rate this week, which will make the bearish to the New Zealand dollar, it is recommended to pay attention to trading risks.

USD/CAD
1.2910/1.2885 support
1.2945/1.2960 resistance
Negotiations between the United States and Canada on North American trade agreements continue, and it is widely expected that there will be a final decision this month. If the two sides agree to a win-win situation, they will be in the Canadian dollar. In addition, the rise in demand for crude oil in the fourth quarter will help oil prices rise, which is one of the reasons for the bullish Canadian dollar. Canadian economic data tonight can be used as a short-term trend reference.

EUR/GBP
0.8995/0.9015 resistance
0.8960/0.8940 support
The analysis last week pointed out that the Brexit negotiations were unclear, and finally the euro rebounded from the low against the pound. At present, the euro is trading against the pound, and the most important thing is the prospect of Brexit negotiations. The outlook is uncertain, bullish EURGBP. Currently worthy of attention above 0.90, the euro reversed the risk against the pound.

EURCHF
1.1280/1.1295 resistance
1.1240/1.1225 support
The Brexit negotiations ended up with a bearish euro against the Swiss franc. At present, the most important is the prospect of Brexit negotiations. The EU negotiations broke down, and the positive for Swiss Franc, on behalf of the euro against the Swiss franc, has a chance to fall. However, if you chase at 1.1225 or below, now the risk is high and we must pay attention any trading risk.

XAUUSD
1193/1189 support
1199/1203 resistance
Before the Fed raises interest rates, make gold prices fall. It is expected that the downward trend will continue to fluctuate on the eve of the announcement of the Fed's interest rate announcement on September 27. However, the main point of view remains high and low buy, while paying attention to trading risks and fund management.

US crude oil futures:
70.45/70.05 support
71.75/72.05 resistance
US crude oil inventories increased, but Iran was sanctioned by the United States, restricting crude oil exports until the end of the year, the supply of crude oil was tight, and oil prices climbed. In addition, as the demand for crude oil increases at the end of each year, it is expected that the oil price will be more favorable. Under the earlier production reduction agreement, it is believed that it is unlikely to increase production and lower oil prices. And at the weekend, the oil group has also reflected that in the short term, it will not consider increasing production and bullish oil prices.

BTCUSD:
6720 / 6900 resistance
6450 /6260 support
The US Fed meeting on Thursday early morning, all investors assumed the interest rate up, the cryptocurrency could be negative and the price fall. Now may reach to recommend support.
Enjoy and happy trade! The content is for reference only. Please do ensure that you understand the risk. Wish Happy trading!
Information provided by ATFX, Chief Analyst of Asia Pacific: Martin Lam

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


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

 

[Kelly Yeung]

Personal insight today:
The Fed started the interest rate meeting last night and announced the interest rate decision after the evening tonight. The market has already expected the Fed to raise interest rates by 0.25%. The key point is whether the interest rate hike will exceed 0.25%. Will the statement after the meeting indicate that the Fed will maintain a gradual rate hike and consider raising interest rates before the end of the year. As interest rates keep rising, the dollar has a chance to remain strong. If the Fed fails to express further interest rate hikes in the short term, it is estimated that the US dollar is difficult to maintain its strength and bearish the dollar. This is also the market response after the Fed’s interest rate decision under normal circumstances. However, investors must also understand that during the announcement of the interest rate decision and between the Asian and European markets all day long, the exchange rate will be volatile, it is worthy of attention!

Today's attention, the Switzerland announced a September investor confidence index released at 4 pm. The difference in retail sales in the UK in the early evening. At 10 pm in the evening, the US new home sales in August. Crude oil investors can pay attention to the US EIA crude oil inventory report last week. Due to the substantial increase in APl stocks in the morning, it is believed that the adjustment of oil prices will be possible.

Warming Tips: During the Fed's interest rate period, the market may be more volatile. It is recommended to pay attention to the position and fund control at a reasonable level.
Today's suggestion:

EURUSD
1.1730/1.1710 support
1.1805/1.1825 resistance
Tomorrow morning, the Federal Reserve announced the interest rate decision, and the market expects the Fed to raise interest rates to make the US dollar strong. But in general, the strength of the dollar may only last until the eve of the announcement of interest rates. Whether the US dollar can be further strong, it is necessary to pay attention to the Fed’s post-meeting statement. The future direction and expression of the Fed’s future monetary policy may touch the market nerve, and the trend of the US dollar will affect the global investment market reaction. If the Fed fails to indicate further tightening of monetary policy, it may be negative for the dollar. In addition, the European Central Bank recently stated that it is ready to tighten monetary policy, and the spread between the two countries has narrowed, which is a bullish euro. In addition, if the UK's Brexit negotiations or emerging market currencies have negative news, it is indirectly negative for the euro.

GBPUSD
1.3145/1.3125 support
1.3235/1.3255 resistance
The Fed announced that the interest rate decision is imminent, and the market expects the Fed to raise interest rates to make the US dollar strong. But in general, the strength of the dollar may only last until the eve of the announcement of interest rates. Whether the US dollar can be further strong, it is necessary to pay attention to the Fed’s post-meeting statement. The future direction and expression of the Fed’s future monetary policy may touch the market nerve, and the trend of the US dollar will affect the global investment market reaction. If the Fed fails to say that it will further tighten monetary policy, it may be negative for the dollar, which is expected to boost the pound. Only the Brexit negotiations or negative news in emerging market currencies are bad for the pound.

USDCHF
0.9670/0.9690 resistance
0.9600/0.9585 support
At 4 pm today, Switzerland announced the investor confidence index. If the confidence index improves, it will help boost the Swiss franc. Of course, the trend of the euro is leading the development of the Swiss franc, the euro rose, and the Swiss franc up. In addition, before the Fed announced the interest rate hike, it is expected that the US dollar will remain strong, and the US dollar will have a chance to test the 0.97 resistance against the Swiss franc. After the Fed’s interest rate decision, the US dollar has a chance to reverse against the Swiss franc.

USD/JPY
113.05/113.25 resistance
112.65/112.45 support
The Fed’s interest rate is imminent, and the stock market is expected to have a chance to fall. The US Dow and the Nikkei fell, but the dollar did not see a simultaneous decline against the yen. The main reason is that the market believes that the spread between the US and the yen is widening, and the dollar is rising against the yen. If the Fed maintains observe for next hikes timing after the Fed’s interest rate decision, it is expected to have a chance to reduce the strength of the US dollar. Finally, the USD/JPY has the opportunity to adjust its decline. Of course, during the Fed's interest rate period, the USD/JPY may be more volatile. It is recommended to pay attention to both trading risk and fund management.

AUDUSD
0.7275/0.7290 resistance
0.7235/0.7215 support
The Sino-US trade war has calmed down. The market expects that both sides will maintain the status quo before the US presidential midterm elections. At the beginning of the week, the US tariff rate on imported goods is lower than expected, which has caused metal prices to rebound. At the same time, the confidence in export to Australia has increased, and the rating agencies have increased their Australia ratings. Positive to AUD. Next, if the Fed announces the interest rate decision, it is in line with the market expectation of a rate hike of 0.25%, and the Fed will not raise interest rates further, it will be bullish on AUD.

NZDUSD
0.6700/0.6720 resistance
0.6660/0.6645 support
Although New Zealand's August trade account fell more than expected, the Australian dollar rose, indirectly boosting the New Zealand dollar. Tomorrow morning, the New Zealand central bank’s interest rate decision was announced. The market believes that the interest rate remains unchanged and it is difficult to boost the New Zealand dollar significantly. But if the monetary policy will change to tighten, the New Zealand dollar still has a chance to rise. The short-term New Zealand dollar exchange rate is more volatile, it is recommended to pay attention to trading risks.

USD/CAD
1.2965/1.2980 resistance
1.2910/1.2895 support
Negotiations between the United States and Canada on North American trade agreements continue, and it is widely expected that there will be a final decision this month. In addition, it is expected that the demand for crude oil will rise in the fourth quarter, which will help the oil price to rise and have the opportunity to become one of the reasons for the positively Canadian dollar. The Fed will raise interest rates tomorrow morning, and it is expected that the US dollar will be more volatile against the Canadian dollar.

EUR/GBP
0.8965/0.8980 resistance
0.8910/0.8885 support
The current trend of the euro against the pound, the most important is the impact of the prospects of the Brexit negotiations, maintaining the bullish euro against the pound. It is worth paying attention to 0.90 as an important resistance. The risk of reversal of the euro against the pound has already occurred. Technically, it is recommended that the EUR/GBP have an opportunity to adjust to 0.8885 or below.

EURCHF
1.1365/1.1380 resistance
1.1290/1.1275 support
The Brexit negotiations were unclear and ended up with a bearish euro against the Swiss franc. At present, the euro against the Swiss franc crosses the trend, the most important is the prospect of Brexit negotiations. If the EU negotiations break down, the Lido Swiss Franc will represent a drop in the euro against the Swiss franc.

XAUUSD
1197/1193 support
1207/1211 resistance
The Fed’s interest rate will announce the results and gold will continue to maintain large fluctuations. However, under normal circumstances, if the Fed raises interest rates, if it does not indicate further interest rate hikes, the US dollar has the opportunity to adjust, and bullish gold. It is recommended that during the Fed, pay attention to trading risks. If the dollar adjustment is deepened, it will help boost gold.
US crude oil futures:
72.25/72.55 resistance
70.45/70.05 support
Iran was sanctioned by the United States to restrict crude oil exports until the end of the ban, and India was following US instructions to reduce Iranian imports of crude oil. It is expected that the supply of crude oil will be tense in the future, causing oil prices to climb. In addition, at the end of the year, the demand for crude oil generally increased, and it is expected that the oil price will be more favorable. However, short-term attention to oil prices above 72 US dollars, there is a chance to adjust, it is worthy of attention.

BTCUSD:
6620 / 6750 resistance
6330 /6260 support
The US Fed meeting on Thursday early morning, all investors assumed the interest rate up, the cryptocurrency could be negative and the price fall. Now may reach to recommend support. US6260 maybe a first important support.

Enjoy and happy trade! The content is for reference only. Please do ensure that you understand the risk. Wish Happy trading!

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

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

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

 

[Kelly Yeung]

Personal opinions today:

Tonight, the United States announced the number of ADP job data in September. The ADP job data can help estimate the performance of non-farm payrolls on Friday night. In addition, the market is also concerned about the US September unemployment rate and average wage performance announced on Friday night. If the ADP data performance rises more than market expected, it is estimated that the US dollar will remain strong until on Friday.
This afternoon, the Eurozone announced the September Service Industry Purchasing Managers Index and retail sales data. The UK also has a Service Purchasing Managers Index. However, the market pays the most attention to the results of the September retail sales data in the Eurozone. If retail sales data can reach market expectations of 0.2% growth or better than expected, it represents economic progress and can trigger inflation, which is bullish for the euro.

Today's suggestion:

EURUSD
1.1555/1.1570 resistance
1.1500/1.1485 support
Italy in the European Union was hit by political speech and hit the EU economic and political confidence, causing the euro to fall. The current incident has subsided slightly, but it is still waiting to see. In the afternoon, the euro zone announced retail sales data for September. The market expects a sharp increase from last month, or a bullish euro, and is more likely to explore the resistance above. However, we must pay attention to the performance of the US ADP job data tonight. If the result is better than the expected 185,000, the US dollar will be strong and indirectly negative for euro.

GBPUSD
1.3015/1.3035 resistance
1.2955/1.2930 support
News from the Brexit negotiations often leads to fluctuations in the pound and changes in the performance of the pound. At present, UK political parties have rated the British Prime Minister and the British government's Brexit negotiations. It is undeniable that the pound is facing more challenges and the downward trend may further. However, the short-term market is waiting to see the US ADP non-farm payrolls data and the non-farm payrolls data for September this week. Before the US job data results, the US dollar is expected to remain strong, so that will be limited the pound upwards.

USDCHF
0.9830/0.9815 support
0.9865/0.9880 resistance
The strong performance of US GDP and durable goods. It is estimated that the US job market will continue to grow strongly tonight, the US dollar remains strong, and the Swiss franc is indirectly negative. The short-term USD/CHF still has the opportunity to test the 0.9880 resistance. On the whole, the Swiss franc is related to the euro. If the euro falls against the dollar, the dollar has a chance to play higher resistance against the Swiss franc.

USD/JPY
113.75/113.90 resistance
113.35/113.20 support
In the short-term, affected by the Nikkei index adjustment, the USD/JPY performance followed the decline. In addition, the market is concerned about the US ADP job data tonight. If the result is better than expected, the USD/JPY may further rebound to reference resistance or the last high of 114.05.

AUDUSD
0.7155/0.7140 support
0.7195/0.7210 resistance
The Reserve Bank of Australia's interest rate is in line with market expectations, interest rates remain unchanged, and the monetary policy statement did not show that intends to tighten monetary policy, which is negative for the Australian dollar. In addition, the market is concerned about the US ADP JOB data tonight. It is expected that the Australian dollar will lack the rebound momentum before the US data is released.

NZDUSD
0.6600/0.6585 support
0.6640/0.6655 resistance
Earlier, the Reserve Bank of New Zealand interest rate decision announced that the interest rate remained unchanged and the New Zealand dollar was weak. In addition to the interest rate decision of the Reserve Bank of Australia yesterday, it did not express any intention to tighten monetary policy in the statement of the meeting, and indirectly negative the New Zealand dollar. In addition, the market is concerned about the number of ADP job data in the United States tonight, and it is expected that the New Zealand dollar will lack the rebound momentum before the release of US job data.

USD/CAD
1.2795/1.2780 support
1.2850/1.2870 resistance
The United States and Canada negotiated an agreement on a North American trade agreement, re-establishing a new North American economy with the United States and Mexico, and most importantly, Canada's economic development prospects, reviving the Canadian dollar. In addition, it is expected that the demand for crude oil will rise in the fourth quarter and the recent increase in oil prices will increase the Canadian dollar. Technically, the US dollar against the Canadian dollar may be adjusted to 1.2850 or 1.2870. Waiting for the results of the US ADP job data, and then looking for relevant directions.

EURGBP
0.8900/0.8915 resistance
0.8880/0.8865 support
The current progress in the Brexit negotiations may be bad for the pound. The British government often has bad news, which is negative news, which has widened the pound's decline and boosted the euro against the pound. Technically, we will continue to pay attention to the support levels of 0.8880 and 0.8865. The short-term can be used as a starting point for reference before the rebound.

EURCHF
1.1400/1.1415 resistance
1.1340/1.1325 support
The euro is often inconsistent with the UK’s departure from the EU negotiations, making the euro weaker than the Swiss franc. It is currently expected that, coupled with the unfavorable rhetoric of Italy, the euro may fall against the Swiss franc and reaching lower support.

XAUUSD
1208/1211 resistance
1204/1201 support
Italy's negative news has shaken the confidence of the EU, and the funds have turned to the gold market to hedge. The price of gold broke through the resistance of 50% of the short-term rebound of 1196 US dollars, pushing up to 1207 US dollars, near 85% of the rebound. If it rises further, it may go up to the last high of $1211. However, before the US job report was released, the bullish dollar may adjust the price of gold, and it is recommended to pay attention to the downside risk.

US crude oil futures:
75.50/75.95 resistance
74.55/74.05 support
US API crude oil inventories are lower than market expectations, and it is believed that ElA crude oil inventories may also fall tonight. However, the price of crude oil has not raised the price of oil. It could be related to the EU incident caused by negative news from Italy. However, the demand for crude oil in the fourth quarter is generally large, and crude oil inventories are declining, indicating that demand is greater than supply, and oil prices may rise further. In addition, if the US job data is strong, crude oil demand is expected to stimulate growth, which will help to increase oil prices.

BTCUSD:
6750 / 6950 resistance
6330 /6260 support
The market is waiting to see the performance of the US job data, the dollar is strong, leading to bitcoin price adjustment. If the US job data is strong, the US dollar is further strengthened, and bitcoin is falling as a safe-haven demand, and prices may be adjusted. Observe the performance of the US job data tonight, and then evaluate the demand and price trends of Bitcoin.

Hope you enjoy and happy trade! 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]

First office launched since its entry into the AE in 2018

Abu Dhabi – Sept 26th 2018 – ATFX, a leading online trading services provider, today announced the launch of a new office in Al Maqam Tower, which is located in ADGM Square on Al Maryah Island, in the AE’s capital, Abu Dhabi.

ATFX has received its licence and is regulated by the FSRA (Financial Services Regulatory Authority) in the Abu Dhabi Global Market (ADGM) in March 2018. This is a milestone in the financial company’s commitment to offering world class services to its clients. Having started the forex trading business, ATFX AE's footprints have extended to a new business area.

ATFX aims to provide clients with legal and trustworthy services with its license permitting them to Deal in Investments as Principal (only as Matched Principal) and Arranging Deals in Investments to Professional Clients.

Receiving the license from the regulatory body provides ATFX with a strong foundation in launching its services in the Middle East and opening its first office in the region. Its team has been working on customising its services for the Middle Eastern market, launching an Arabic language website to personalise the process of online trading for Middle Eastern Clientele where 24/5 localised multilingual support will be offered. This will make it comfortable for professional clients to access assistance in the language(s) they are most comfortable with. ATFX has been careful in handpicking a team of international experienced financial staff to support the financial company in achieving its objectives.

ATFX looks to continue to accommodate rapid growth and leverage the diverse high-technology talent pool.Dedicated to helping others succeed, ATFX AE plans to provide trading education and trading services to traders and IBs in the Middle East. Strategically located in the business hub of the Middle East, this allows optimal access for professional clients, IBs, associates and partners.

“ADGM is an international financial centre, and the AE is a country that offers many advantages as a trading destination and is backed by sound economic fundamentals with promising prospects,” said Mr. Ryan Tsui, CEO of ATFX AE. “The goal at ATFX AE is to help professional traders who are entering the Middle East market to succeed and provide the advanced platform to professional clients.”

Following its launch, the company has plans to expand its businesses to cover more ground in the Middle East by 2019, as it aims to establish a strong footprint in the country. This confidence is backed by the secure, state-of-the-art cutting-edge trading platform that is simple and straightforward, with conventional processes for clients and IBs.

ATFX AE plans to conduct regular seminars and trading education in the Middle East.It looks to provide a holistic service which includes the trading platform, along with a team of skilled and experienced professionals, allowing clients to gain access to comprehensive trading services.

ATFX will hold seminars on the precious metals markets, on the overall trading environment for professionals, and a round table discussing the latest market trends and analysis methodologies. ATFX will also showcase their client portal – also accessible by mobile – and the different trading instruments offered to its professional clients.

As part of its ATFX (AE) office launch, it held a dinner event at the Four Seasons Hotel - Al Maryah Island, where the Abu Dhabi Global Market is located. The event saw attendance by professional traders and institutional brokers.

AT Financial Market Ltd (ADGM) is regulated by the Financial Services Regulatory Authority, FSRA Permission Number 170006.

 

[Kelly Yeung]

Personal opinions today:
US ADP job data increased in September, hit the recorded highest level in the past two months. The market estimate that the performance of non-farm payrolls in the US will rise as well, driving the dollar to rise further. The Dollar Index broke the resistance of 95.7 and rose to the 96 level. If the euro zone lacks any good news in the next two days, assume the US dollar will maintain its strength until the US non-farm payrolls, unemployment rate and average hourly wage announced by the US tomorrow night.

Yesterday, the eurozone announced August retail sales data, in which monthly rate continued to record negative growth. Also, the european currency was affected by Italian political influences and emerging market concerns, etc., the euro, the pound and the Swiss franc will face downward. Under the strong US economic and job data and strength of the US dollar. Most of commodity currencies, such as the Australian dollar, the New Zealand dollar and the Canadian dollar will be further negative.

Note that the US announced the jobless claims from last week, and the market expects a decline. In addition, US factory orders in August are expected to increase significantly to 2.1%. Before the release of the above US data, the US dollar is expected to remain strong against major currencies, and gold and silver may face downside risks. However, oil prices are expected to see a high line and challenge the resistance of $77.2. However, if the data is lower than the market expectation, the strength of the US dollar may be reversed. Please pay attention to the market conditions and beware of the adjustment of the trend.

Today's suggestion:
EURUSD
1.1490/1.1505 resistance
1.1440/1.1425 support
Last night, the US ADP job data showed strong performance, and the result was better than the market expectation of 185,000 copies, up to 230,000, which was bad for the euro. Coupled with no good news or important data in Europe, support for the euro rebound. US dollar may keep strengthen Technically, the EURUSD from 1.1300 to 1.1812 calculated 73.% of the callback, and the support level was around 1.1440. Now the 1.1490 and the 20-hour MA resistance is 1.1515. If EURUSD break through the above resistance finally, it may represent a reversal of the trend.

GBPUSD
1.2955/1.2975 resistance
1.2905/1.2885 support
The recent news of the Brexit negotiations has often led to volatility in the pound. The Brexit negotiations have not yet reached a progress, and the pound continues to fall. In addition, US economic data has been strong, and the job market have grown, which is bad for the pound. If the US dollar is still expected to remain strong ahead of the US non-farm payrolls data, which is bad for the pound. If the pound rebounds, the magnitude is also contained.

USDCHF
0.9890/0.9875 support
0.9950/0.9970 resistance
From the strong performance of the US GDP and durable goods, the US job data also showed grew strongly last night, the US dollar kept strong, and the Swiss franc was negative. Driven by the US ADP employment data, it is expected that the US dollar against the Swiss franc will still have the opportunity to test resistance before the release of the US non-farm payrolls data for the short-term till tomorrow night. Technically, the resistance is 0.9950 and 0.9970, while the high before two months is 0.9980. If at any time or tomorrow, the US dollar against the Swiss franc did not break the resistance, be careful to reverse the decline.

USD/JPY
114.65/114.80 resistance
113.95/113.80 support
The US ADP performed strongly, the US dollar broadened and the USD/JPY spread widened, and the USD/JPY rose. However, at present, the US Dow, the Asian stock market fell, the Nikkei index has recently developed a downward wave, it is recommended to pay attention to the possible decline of the dollar against the yen. If the dollar fell below 113.80 against the yen, pay attention to further downside development. And currently the USD/JPY is in the 114 and 115 important resistance zones, beware that the USD/JPY trend is reversed.

AUDUSD
0.7075/0.7055 support
0.7125/0.7140 resistance
Recently, the Reserve Bank of Australia kept interest rates unchanged, and the monetary policy statement did not show plans to tighten monetary policy, which was negative for the Australian dollar. In addition, the US economic and job data is strong, and the market expects the US non-farm payrolls data to be equally strong tomorrow night. Therefore, before the US job report was announced, the Australian dollar still lacked the rebound momentum. But we must be cautious, beware of the reversal of the Australian dollar against the US dollar.

NZDUSD
0.6475/0.6455 support
0.6525/0.6540 resistance
Recently, the Reserve Bank of Australia kept interest rates unchanged, and the monetary policy statement did not show plans to tighten monetary policy, which was negative for the Australian dollar and indirect negative for the New Zealand dollar. In addition, the US economy and job data is strong, the market is expected to be equally strong in the US non-farm payrolls data tomorrow, the New Zealand dollar still lacks rebound momentum. But we must be cautious, beware of the reversal of the New Zealand dollar against the US dollar.

USD/CAD
1.2860/1.2845 support
1.2900/1.2920 resistance
Although there have been good news in Canada recently, oil prices have also kept rising, which is good news for the bullish Canadian dollar. Unfortunately, the US economy, job data and inflation data are strong, the US dollar is strong, and the short-term continues to bearish against the Canadian dollar. However, after the US job report is released tomorrow night, the US dollar will adjust and the Canadian dollar will have a chance to rebound.

EUR/GBP
0.8900/0.8915 resistance
0.8865/0.8850 support
The dollar is strong, while suppressing the euro and the pound, causing the euro to oscillate against the pound. Technically, we will continue to pay attention to the support levels of 0.8865 and 0.8850, and the short-term can be used as a support point reference before the rebound.

EURCHF
1.1400/1.1415 resistance
1.1340/1.1325 support
The strength of the US dollar, while suppressing the euro and the Swiss franc, caused the euro to oscillate against the Swiss franc, but the euro has always been more uncertain, and the Swiss franc as a safe haven has helped boost the Swiss franc. It is expected that, coupled with the unfavorable influence of Italy, the euro may fall against the Swiss franc.

XAUUSD
1201/1204 resistance
1196/1193 support
Italy's bad news has shaken the confidence of the EU. The funds have been transferred to the gold market to hedge, but the US job report was strong last night. The market estimates that the US non-farm payrolls data will be strong tomorrow, and the US dollar is expected stronger than gold prices. It is recommended to pay attention to the development of the downward trend of gold.

US crude oil futures:
76.50/76.95 resistance
75.65/75.25 support
US API and ElA crude oil inventories were lower than market expectations, and the US job data was strong, which caused crude oil prices to rise again, in line with yesterday's analysis. It is currently expected that demand for crude oil will generally be larger in the fourth quarter, crude oil inventories will continue to decline, could be the demand is greater than supply, and oil prices may rise further. However, it must be noted that the United States has reached an agreement with Saudi Arabia's crude oil supply and will increase production from next month. The oil prices may be contained at US$77 or US$78.

BTCUSD:
6750 / 6950 resistance
6330 /6260 support
The market is waiting to see the performance of the US job data, the dollar is strong, leading to bitcoin price adjustment. If the US job data is strong, the US dollar is further strengthened, and bitcoin is falling as a safe-haven demand, and prices may be adjusted. Observe the performance of the US job data tomorrow night, and then evaluate the demand and price trends of Bitcoin. Now, it seems downward.

Hope you enjoy and have happy trade! 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]

ATFX, the trading service provider with excellent service and the strong business foundation was awarded the “Best Forex CFDs Broker” at the UK Forex Awards 2018 by Share Magazine. The award demonstrates the ATFX’s long-term commitment in the trading industry, and will no doubt elevate market recognition for the financial brokerage.

The awards celebrate the best performing brokerages and FX companies in the UK marketplace. Shares Magazine readers, FX traders, as well as an array of industry experts votes for the brokerages and FX companies that they feel have consistently performed to the best of their abilities across a range of industry specific parameters. The awards cover whole of The UK forex brokerage industry.

Based in London, UK, ATFX (UK) is a leading online trading services provider, regulated by the Financial Conduct Authority (FCA) in the UK. With a mission to provide the best possible trading experience for retail traders, ATFX offers a state-of-the-art, mobile-accessible, client trading portal for forex, CFD, bullion and precious metals trading. Led by an experienced, skilled management team, the company has an international presence.

After the award ceremony, Richard Craddock, CEO of ATFX (UK) commented, “We all know the regulation and the compliance control of UK companies is recognized worldwide, especially in the Finance. Taking a leading role in the financial trading industry, ATFX deserves this acclaimed title, and we will continue to develop more new products in the future and aspires to become a full-fledged financial institution.”

This award has refueled the company’s mission to provide transparent services with integrity, adhering to the most stringent international regulatory requirements to bring its clients a world-class trading experience that is simple, convenient and secure.

“88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.”

Legal: AT Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FCA registration number (760555). Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. Company No. 09827091

 

[Kelly Yeung]

Personal opinions today:
On the day before, the US ADP job data increased significantly to 230,000, the highest level in the past two months. It is expected that the US government's Labor Department announced that the number of non-farm payrolls may climb to 230,000. Whether the unemployment rate and the average hourly wage result can further boost the dollar is the key to the release of the data tonight. The most important of unemployment rate and average hourly wage data performance are closely related to the US September inflation data and the performance of the consumer price index. If tonight, all data is goo, it will support US dollars stronger until the US CPI announcement next Thursday.

Intra day, it is expected that during the European trading hours in the afternoon, European economic data will affect the performance of European currencies limited. The whole market will focus on US job data at 8:30 pm. If the number of non-farm payrolls only meets or falls below 230,000 and the average hourly wage is flat or below 0.3%, the US dollar is expected to fall. On the contrary, the data is higher than market expectations, and the US dollar is expected to continue to strengthen.

Today's suggestion:
EURUSD
1.1485/1.1465 support
1.1535/1.1555 resistance
US job data is expected to be strong, with the opportunity to drive US inflation to rise, the dollar is strong, to curb the euro's rise. The tide of Italian politics and emerging markets has affected the performance of the euro. If the US job data and average hourly wage are not better than market expectations, it is hoped that the troubles in emerging markets will be solved, which will help boost the European currency rebound. The euro has the opportunity to benefit directly and rebound.

GBPUSD
1.2975/1.2955 support
1.3055/1.3075 resistance
US job data is expected to be strong, with the opportunity to drive US inflation to rise, the dollar is strong, to curb the pound's rise. The tide of Italian politics and emerging markets has affected the performance of the GBP. If the US employment report and average hourly wages are not better than market expectations tonight, it is hoped that the troubles in emerging markets will be solved, which will help the European currency rebound. If the UK has made progress in negotiations with the EU, it will help boost the pound as well

USDCHF
0.9940/0.9960 resistance
0.9875/0.9855 support
The US ADP employment data was strong on the day before, driving the dollar to strengthen. Before the US government’ Labor department announcement of non-farm payrolls data tonight, the dollar still has a chance to test resistance against the Swiss franc. Technically, the resistance is 0.9950 and 0.9970, while the high before two months is 0.9980. If the US employment data performance has not exceeded 230,000 or the average hourly wage has not increased, the US dollar against the Swiss franc may not be able to break the resistance, and the trend has a chance to reverse the decline.

USD/JPY
114.20/114.40 resistance
113.65/113.45 support
Recently, the US Dow and the Asia stock market fell. The Nikkei index has recently developed a downward wave, which indirectly caused the dollar to fall against the yen. The dollar has seen 113.65 against the yen yesterday. The Nikkei index rebounded this morning and the dollar returned to the 114 level against the yen. However, you can pay attention to the US employment data released tonight, if the results have not greater than the market expectations, the average hourly wage has not risen, the dollar has the opportunity to adjust, the dollar against the yen may fall, the initial target support level of 113.65.

AUDUSD
0.7065/0.7050 support
0.7105/0.7120 resistance
Tonight, the US Department of Labor announced the non-farm payrolls, and the results are expected to curb the rebound and momentum of the Australian dollar. However, it must be prudent. Beware of the fact that after the release of US data, the US data showed no significant appreciated, which led to the adjustment of the US dollar, which led to a reversal of the Australian dollar trend to rebound.

NZDUSD
0.6465/0.6445 support
0.6505/0.6525 resistance
Tonight, the US Department of Labor announced the non-farm payrolls. The result is that the New Zealand dollar is similar to the Australian dollar, and under the strong dollar, the New Zealand dollar lacks a rebounding momentum. However, it must be prudent. Beware of the fact that after the release of US data, the US data showed no significant appreciated, which led to the adjustment of the US dollar, which led to a reversal of the New Zealand dollar trend to rebound.

USD/CAD
1.2940/1.2955 resistance
1.2875/1.2855 support
Oil prices fell back, the bearish Canadian dollar, the dollar rose to 1.29 against the Canadian dollar. 8:30 tonight, Canada will release job data and trade balance. On the eve, the US dollar is short-covering against the Canadian dollar. If the Canadian job and trade balance results beat market expectations, the US dollar against the Canadian dollar has the opportunity to develop a downward trend.

EUR/GBP
0.8900/0.8915 resistance
0.8830/0.8810 support
Affected by Italian politics and emerging market capital outflows, the euro was downside and was relatively strong against the pound. The euro fell against the pound, making the euro break the previous range against the pound. However, after the results of the US job data tonight, the euro may be more volatile against the pound. If the US data showed under market expectations, the euro may rebound.

EURCHF
1.1440/1.1455 resistance
1.1390/1.1375 support
Affected by Italian politics and emerging market capital outflows, the euro and the Swiss franc all downside. But compared to the euro's strong performance, the euro rose against the dollar yesterday, the dollar against the Swiss franc in place, making the euro rise against the Swiss franc. It is recommended that after the results of the US job data tonight, the euro may be more volatile against the Swiss franc. If the US data underperformance, the euro may fall against Switzerland since the Swiss franc catch up the euro trend.

XAUUSD
1203/1207 resistance
1196/1192 support
When the US Dow fell more than 200 pips last night, gold hit $1,206. After the US Dow back to stable, the price of gold fell. As the US government's Labor Department announced the non-farm payrolls data soon. The unemployment rate and the average hourly wage were announced simultaneously, and the market paid more attention to the unemployment rate and average hourly wage data. If these two important data are not outstanding, the dollar may fall back, causing the price of gold to rise. If the US Dow falls, it will help the gold increase.

US crude oil futures:
75.70/76.05 resistance
74.35/73.85 support
The members of OPEA, Shah Alama said that an agreement has been reached, the supply of crude oil will increase, and the output will increase next month. It is believed that other members will follow one after another and the oil price will fall back. The US job report and coming US inflation figures are currently on the sidelines. Therefore, it is expected that the increase in oil prices will be limited to 76 or 77 US dollars, and the uncertainty factor is more likely to cause oil prices to fall.

BTCUSD:
6750 / 6950 resistance
6330 /6260 support
The market is waiting the performance of the US job data, the dollar is strong, leading to bitcoin price lower. If the US job data is strong, the US dollar is further strengthened, and bitcoin is falling. Observe the performance of the US job data tonight, and then evaluate the demand and price trends of Bitcoin. Now, it seems downward but waiting to rebound.

Hope you enjoy and have happy trade! The content is for reference only. Please do ensure that you understand the risk.

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

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

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

 

[Kelly Yeung]

Personal opinions today:

Last week earlier, the US ADP private sector announced that non-farm payrolls reached 230,000, but on Friday, the US government's Labor Department announced that there were only 130,000 non-farm payrolls in September. The difference between the two is 100,000, and investors are not surprised. Because people familiar with the market are well aware, the two figures are often the cause of the gap. It seems that when the US government's Labor Department announced the non-farm payrolls data for September, the US Department of Labor announced the revised number of non-farm payrolls in August, which was originally announced last month at 200,000, corrected to 270,000. The actual number of non-farm payrolls in September will be announced next month, and the gaps often vary widely. Therefore, the market generally responds to the number of non-farm payrolls in September after the announcement of the ADP non-farm payrolls . Every time the US non-farm payrolls data is released, the market is most concerned about the unemployment rate and the average hourly wage.

According to the latest figures, the unemployment rate fell to 3.7% in September. The average hourly wage in September slowed down from last month, only 0.3%, a slight decrease from 0.4% in the previous month. As the US job market continues to improve, only wage growth has slowed. Therefore, the decline in the US dollar was not affected by the larger-than-expected decline in employment. The market is only targeting the slowdown in the US wages, it is expected that the US consumer price index will have a flat or slight decline in September, and investors will lower their expectations of the Fed’s interest rate hike and the US dollar adjustment. It may be affected the European market opening, the dollars going short.

Today's suggestions
EURUSD
1.1535/1.1550 resistance
1.1480/1.1465 support
At present, the market is most concerned about several issues in the European region. First, the outflow of funds caused by emerging market currencies and economic conditions. Second, Italian politics is uncertain and affects the confidence of the EU and Euro. Third, the progress of the Brexit negotiations between the UK and the EU. If the three aspects are improved, it will help boost Euro. Technically, the euro is concerned with the important support of 1.1465 against the US dollar and the short-term resistance at 1.1550.

GBPUSD
1.3155/1.3185 resistance
1.3080/1.3065 support
The Brexit negotiations are expected to reach agreement, which will help boost the pound. The pound will break through the expected resistance of 1.3075, and further see 1.3130. However, there are still many problems in the Brexit negotiations that the trend of the pound will continue to be repeated, paying attention to the risk of downside. 1.3080 and 1.3065 are short-term important support levels. If it falls, Pound US has the opportunity to test the 1.30 mark.

USDCHF
0.9950/0.9970 resistance
0.9885/0.9865 support
Technically, the USDCHF resistances of 0.9950 and 0.9970, and there is not break yet. The US dollar against the Swiss franc was adjusted after the resistance appeared. However, the overall trend still needs to be concerned about the euro-dollar change. If the EURUSD rise, it will help the dollar fall against the Swiss franc.

USD/JPY
114.10/114.25 resistance
113.65/113.50 support
When the US job data was released, the dollar fell against the yen, hitting the initial target support at 113.65. However, the US Dow rebounded, driving the Nikkei and the dollar to rise against the yen. Today's Japanese holiday, without Japanese data, the dollar-yen trend is expected to follow the direction of the US Dow.

AUDUSD
0.7035/0.7020 support
0.7075/0.7090 resistance
The US Department of Labor announced non-farm payrolls data, and the results did not expect the Australian dollar to rebound. Australia's September recruitment figures today showed a decline from last month and last year, and the Australian dollar fell again. Affected by the data, the Australian dollar may continue to decline. The market is looking forward to tomorrow's Australian consumer confidence index and business climate index. If the data improves or break through the technical resistance is 0.7090, the Australian and US trend is expected to improve.

NZDUSD
0.6420/0.6400 support
0.6455/0.6475 resistance
Australia's economic data is poor, the Australian dollar fell, indirectly affecting the New Zealand dollar fell. The market continues to look at the Australian economic indicators for the next few days, and it is expected that the New Zealand dollar’s trend will follow the Australian dollar.

USD/CAD
1.2960/1.2980 resistance
1.2925/1.2905 support
The oil price fell, mainly affecting Canadian dollar fell as well. But Canada announced a significant improvement in the job market report and trade accounts last week, it is expected to support the Canadian dollar. Technically, pay attention to the resistance of 1.2960/1.2980.

EUR/GBP
0.8810/0.8825 resistance
0.8775/0.8760 support
Affected by Italian politics and emerging market capital outflows, the euro's performance is weak. The Brexit negotiations have progressed, boosting the pound, the pound is strong, and the euro continues to fall against the pound. If there is good news in the Eurozone or bad news in the UK, it will boost the EUR/GBP.

EURCHF
1.1440/1.1455 resistance
1.1390/1.1375 support
Although the euro is still weak against the dollar, the euro rebounds against the Swiss franc, making the euro continue to rise against the Swiss franc. However, we are currently paying attention to the resistance of the resistance range of 1.1440/1.1455 and carefully adjust the downside risk.

XAUUSD
1201/1203 resistance
1195/1193 support
This morning, the US Dow futures rose, driving the Asian Pacific stock market to rebound, and the Hong Kong Hang Seng Index also rose. The stock market rebounded, causing gold to fall. However, the current US job data and wages are moderate, and it is expected to support to gold up.

US crude oil futures:
74.50/75.05 resistance
73.45/73.05 support
US job data and wage performance have not increased, causing oil prices to fall. Recently, the Saudi Arabian Yalaba said that it will increase the supply of crude oil and increase production next month. The market is worried that other members will follow cut the oil price down. Currently, the market watching the support of US$73. If the technical support level falls below US$73, the oil price trend may continue to decline.

BTCUSD:
6750 / 6950 resistance
6330 /6260 support
The performance of the US job data not too strong, the dollar seems going down, leading to bitcoin plower support at US6500. If the US CPI lower, the US dollar will further weakness, and bitcoin maybe rebound. Observe the performance of the US CPI this week, and then evaluate the demand and price trends of Bitcoin. Now, it seems waiting to rebound.

Hope you enjoy and have happy trade! 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]

ATFX, a leading online trading services provider, has released up to 10 new exotic pairs that will offer traders and investors more choice with respect to their trading options. More details on the pairs are available on ATFX’s official website, which in turn is offered in 13 languages.



Exotics are a currency pair group that consists of a currency from an emerging economy or a currency from a small country with a relatively smaller developing economy. Examples would include EURHUF, EURPLN, and NOKSEK. Compared to FX majors and minors, exotics usually feature wider spreads, and are far more sensitive to sudden shifts in political and financial developments. It is for this reason that in times of sudden shifts, smaller investors prefer to flock towards FX majors that include safe haven currencies that follow more range-bound movement and a fundamental underlying momentum.


ATFX continues to update the features and products on its trading platform, with the latest product offerings giving its clients extra choice in this respect.


ATFX clients demand the best, and as a result the financial trading services provider offers a ground-breaking client portal for managing their respective accounts, alongside stellar order execution, competitive narrow spreads, sufficient leverage, and an award-winning trading platform, MetaTrader4.


You may access ATFX’s website here.

Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 224226 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.