ATFX Press Releases - 2018

[Kelly Yeung]

ATFX (UK), a global leading online trading service provider, will be launching a new education section that features a wide range of educational resources including webinars, market commentary articles & videos, weekly market reviews, ebooks and seminars.

The webinars are designed to demonstrate the functionality of its platform and trading strategies in general, enlightening traders in the process. They aim to cater to different types of traders, be they beginners or experts. Of particular note is a live webinar, which will aim to ensure that all customers have immediate access for any queries or comments.

Highly experienced speakers will be conducting live educational courses. The webinars aim to provide clients with the knowledge, skills and tools they need to improve their financial decision-making and kick-start their trading journey. Webinars are jam packed with useful information and insights for traders of all abilities, whether you are a new or seasoned trader.

ATFX’s education section also provides in-depth fundamental and technical analysis market commentary articles and videos, enabling clients to gather valuable market information and better understand the types of economic indicators to look for.

In line with ATFX (UK)’s plans to continue its principled commitment of educating its traders, the free and exclusive sessions will teach participants about a range of trading options, and how to go about putting that knowledge into practice.

Mr. Ergin Erdemir, Head of Marketing of ATFX (UK) said “Education is the cornerstone of the ATFX mentality, whether that comes from helping our staff become better qualified or giving our clients access to the best training facilities available.”

“ATFX hopes to engage as many traders as possible in our training programs in order to give them the best understanding of the markets and industry. We want to arm each and every trader with every advantage we can to give them the best chance of success,” he added.

“76.9% 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.”

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

Legal Disclaimer: ATFX is a co-brand shared by a number of different entities globally including the FCA-regulated AT Global Markets (UK) Limited in the United Kingdom, ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC, AT Capital Markets Limited (ADGM) in the United Arab Emirates regulated by the FSRA, and AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. The content of this article is sponsored and does not represent the opinions of Finance Magnates.

 

[Kelly Yeung]

Personal opinions today:

Although Sino-US trade relations have eased, the two sides have grasped the extension of the 90-day truce to negotiate, but the market still feels that the truce has not changed the existing trade tariff policy and the trade confrontation between the two countries. Therefore, the market sentiment was cautious again, and the stock markets of various countries were adjusted back. The US Dow once fell by 800 points, and the market closed down 799 points from the previous day. The stock markets in Asia generally opened lower. At present, during the debate on Brexit in the UK, Congress continues to oppose the draft of the Brexit, and the number of opponents is relatively high. If the vote of the Brexit agreement will face challenges next week, and the current European currency trend is still sluggish. The market is watching the upcoming Beige Book of the US Regional Economic Report and a series of US job market reports. Although the market expects regional economic growth and job market growth to decline, but the trade-offs, the bad news of the European currency remains unchanged, and the US dollar is expected to continue to be strong in short term.

Today's attention to data and news includes:
Australia's third-quarter GDP annual rate and quarterly rate fell, the Australian dollar fell nearly 60 points, returning to the edge of 0.73. Although the New Zealand dollar remains high, the market outlook is still not optimistic.
Today, the European region announced the service industry purchasing managers index, but the market pays more attention to the afternoon euro zone retail sales data in October, and is currently expected to grow, pending results. In addition, the Bank of Canada’s interest rate decision in the evening, the market estimated interest rates unchanged, but after the statement may affect the Canadian dollar trend.
Today's suggestion:

EURUSD
1.1355/1.1375 resistance
1.1320/1.1295 support
Yesterday, the Eurozone PPl data performed better than expected. It used to be bullish for the Euro, and it was finally affected by the uncertainty of Brexit. The euro fell back. At present, the market is concerned about the debate on the Brexit agreement in the British Parliament, which is more important than the performance of retail sales in the Eurozone in the afternoon. If the Eurozone data is good today, but there is no good news in the Brexit debate, it is difficult to expand the upside. Technically, 1.1320 and 1.1295 are important support areas for reference. For resistance, it is downgraded to the resistance range of 1.1355 to 1.1375.

GBPUSD
1.2745/1.2765 resistance
1.2675/1.2655 support
Yesterday, the draft Brexit agreement will be debated in the British Parliament. During the speech of the Bank of England Governor, it has boosted the pound, but Congress opposed the high example and eventually the pound still fell. Technically, the pound may continue to go down, looking down at 1.2675 or 1.2655. If there is good news, the pound has a chance to rebound again, but still with yesterday's expectations, 1.2800 and 1.2820 are key obstacles. Please pay attention when investing!

USDCHF
0.9965/0.9950 support
0.9995/1.0015 resistance
In the face of the Brexit debate in Europe, the probability of failure to leave the European Union is high. In addition, the current market believes that the Fed will raise interest rates by 0.25% on December 19, and waiting the US Beige Book and the job market report coming. It is still possible for the US dollar against the Swiss franc to test the 1.0 in short term. Technically, short-term 0.9965 and 0.9950 are important support areas.

USD/JPY
112.60/112.45 support
113.15/113.35 resistance
Although the Sino-US trade war has temporarily ceased to fire, the market has begun to feel that there is still no further solution to the negotiations in the next 90 days. The stock market fell and the dollar fell against the yen. Fortunately, the US Dow fell 800 points, and the USD/JPY can still maintain 112.45 support. Technically, the USD/JPY is still performing strongly. In the next two days, the US dollar against the yen remained at 113.35 resistance or below before the release of the US Beige Book and US job data coming.

AUDUSD
0.7335/0.7350 resistance
0.7295/0.7280 support
Australia's third-quarter GDP fell, the central bank's interest rate remained unchanged yesterday, and may continue to delay the rate hike, the overall negative Australian dollar. As estimated yesterday, technically it may point to 0.7300 support. The market is currently watching the US Beige Book and the job market report, and the Australian dollar has the opportunity to make further adjustments.

NZDUSD
0.6940/0.6955 resistance
0.6900/0.6885 support
The Australian economy has slowed down and indirectly affected the New Zealand dollar. The market is currently watching the US Beige Book and the job market report, the New Zealand dollar has the opportunity to further adjust. Technically, the initial target 0.6885 is supported.

USD/CAD
1.3250/1.3235 support
1.3290/1.3310 resistance
The Bank of Canada has interest rates decisions tonight, the market estimates that interest rates will remain unchanged, and the market is more concerned about the future monetary policy orientation of the central bank. In addition, the crude oil price, which has the greatest indirect impact on the Canadian dollar, was triggered by the increase in oil prices as the OPEC oil and non-oil groups discussed capacity reductions on Thursday. However, crude oil inventories surged, once again weighed on oil prices, oil prices fell, once again caused the Canadian dollar to fall.

EURGBP
0.8900/0.8885 support
0.8950/0.8965 resistance
The British Parliament debated the draft Brexit agreement and finally voted on December 12th by the British Parliament. Two weeks of congressional debate, the bearish investment sentiment, the pound fell. If the draft fails to pass, the pound will be weaker. Compared with the current euro performance is stronger than the pound, the euro has a chance to rise against the pound. The technical key support is 0.8900 and 0.8885, which deserves attention.

EURCHF
1.1325/1.1340 resistance
1.1300/1.1285 support
Eurozone retail sales data is expected to be better this afternoon than last month. If the euro rises, it may cause the euro to fall against the Swiss franc. It is recommended to note whether the euro against the Swiss franc is likely to break through the above support or resistance and find any further develop.

XAUUSD
1241/1243 resistance
1230/1228 support
After the start of the Brexit debate, the market worried that the mood would heat up and assets flowed into the gold market to hedge. In addition, the Fed’s rate hike may slow down and is also boosting gold. However, the United States will soon announce the Beige Book of Economic Reports at 3 am tomorrow, and then waiting the job market report this week, and gold has a chance to fluctuate greatly. Gold is still expected to have downside risks.

US crude oil futures:
53.55/53.85 resistance
52.20/51.90 support
The OPEC agreed to cut production, but Saudi oil increased output, causing crude oil inventories to rise and oil prices to fall. In the morning, the US API crude oil inventories are expected to increase significantly, and oil prices continue to fall. The market is on the sidelines. On Thursday, the OPEC and other groups meeting, if the final conclusion agrees to jointly reduce production by more than 1.3 million barrels, is expected to support the crude oil price to rise step by step. Currently technically continue to focus on the resistance of 53.85.

BTCUSD:
4030 / 4250 resistance
3620/ 3505 support
Before FOMC meeting next week. The market is waiting The US inflation and job data. If good, the US Fed could raise the interest rate. Interest rate keep hike, the bitcoin still have a chance fall. Technically, US4250 is the important resistance. In this moment the price may try to US3505 support again .
Enjoy trading!
The content is for reference only. Please do ensure that you understand the risk.

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

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

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

 

[Kelly Yeung]

Personal opinions today:
The European Commission said it began to study the end of the long-term financing bond purchase plan, and arranged for the next year's interest rate hike plan, the news was bullish euros, had seen a rebound after 1.1310. The European Union mentioned the proposal as early as July this year, but there is no plan to make it happen. In the end, the proposal was defeated. It was only arranged to reduce the scale of debt purchase until the end of this year. Eurowill show their losses again. If the European Commission ends its to buy bonds, the ECB’s interest rate statement will be announced next week, and the rate hike schedule will be arranged next year, which is believed to help boost the euro.
The US stock market was closed overnight to commemorate the death of former President George W. Bush and the National Day of Mourning. However, according to the original time, the Beige Book of the US Regional Economic Report was published. The Fed’s Beige Book of Economics said that US investor confidence has fallen, tariff issues are emerging, and labor shortages have spurred inflation expectations. But when it comes to raising interest rates, the Fed has differences and fears that it will affect economic expansion. It is certain that the Fed policy meeting on December 19 will carry out the fourth rate hike this year with a target of 0.25%. In addition, the US Labor Department is about to announce the November employment market report, the market is watching, the dollar remains strong, and the US dollar index is at 97.
Today, the market focuses on the number of corporate layoffs in the US in November and the number of ADP jobs data. At present, the market mainly believes that the number of job amount of ADP has dropped to 195,000 from last month. As a result, the official job data called non-farm payroll will be followed on Friday. In addition, the US government announced trade accounts, lSM manufacturing purchasing managers index and factory orders. Canada's trade account and purchasing manager index is worthy of attention!

Today's suggestion:
EURUSD
1.1370/1.1395 resistance
1.1320/1.1305 support
The EU is planning to end the LTRO program and looking to the interest rate hike schedule. The news will help the euro to rise. However, there is no any good news in the Brexit debate. The market is worried that the Brexit agreement will not be passed next week, limiting the euro. Technically, 1.1320 and 1.1305 are important support areas for reference. In terms of resistance, the resistance range of 1.1370 to 1.1395 is expected. Finally, the US ADP job data and other US economic data performance tonight that will affect the trend of Euro.

GBPUSD
1.2745/1.2765 resistance
1.2675/1.2655 support
The market is worried that the Brexit agreement will not be passed next week, limiting the pound's gains and having a chance to fall. Short-term attention to the US ADP job data and other US economic data tonight that will affect the trend of the pound, it is worthy of attention! Technically, GBP may continue to decline, with support for 1.2675 or 1.2655. If there is any good news, the pound has the opportunity to test the key resistances such as 1.2800 and 1.2820 again. However, the current short-term resistance remains at 1.2765.

USDCHF
0.9955/0.9930 support
0.9990/1.0005 resistance
The EU is planning to end the LTRO program and investigate the interest rate hike schedule. The news will help the euro to rise, and indirectly benefit the Swiss franc. Short-term attention to the US ADP job data and other US economic data tonight that will be affect the dollar trend, it is worthy of attention!

USD/JPY
112.55/112.35 support
113.05/113.20 resistance
Although the Sino-US trade war has temporarily ceased to fire, the market has begun to feel that there is still no further solution to the negotiations in the next 90 days. The stock market fell and the dollar fell against the yen. USD/JPY has the opportunity to test 112.55 or 112.35. Short-term attention to the US ADP job data and other US economic data tonight that will affect the dollar's trend, but with both fundamental and technical, it is estimated that the dollar against the yen is expected to maintain 113.20 resistance or below.

AUDUSD
0.7250/0.7265 resistance
0.7215/0.7200 support
Australia's third-quarter GDP fell, the Reserve Bank of Australia kept interest rates unchanged, Sino-US trade war worries continued to uncertainty, the Australian dollar has the opportunity to further correction. The market's attention to the US ADP job data and other US economic data tonight that will affect the dollar's trend and indirectly affect the Australian dollar. Technically, you can refer to the recent 0.7200 important support.

NZDUSD
0.6905/0.6925 resistance
0.6860/0.6840 support
Australia’s economic performance has slowed down, and the Sino-US trade war worries have not been eliminated, indirectly affecting the New Zealand dollar. The market is currently watching the US ADP job data and other US economic data tonight, the New Zealand dollar has the opportunity to ffurther correction. Technically, the New Zealand dollar has already reached the first target of 0.6885 support, and further can be tested 0.6840 support.

USD/CAD
1.3355/1.3340 support
1.3415/1.3430 resistance
The Bank of Canada's interest rate is in line with market estimates to keep interest rates unchanged. The central bank has no future monetary policy orientation, and the market is expected to maintain the current level of interest rates for a long period of time, widening the spread between the US dollar and the Canadian dollar. The Canadian dollar fell after the central bank announced last night. In addition, oil prices did not rise, causing the Canadian dollar to fall. The market is waiting for the performance of US ADP job data and other US economic data tonight. If the data performance disappoints the market, the Canadian dollar has a chance to rebound. The US dollar will correction against the Canadian dollar. You can test 1.3355 and 1.3340 support.

EUR/GBP
0.8900/0.8885 support
0.8950/0.8965 resistance
The British Parliament debated the first phase of the draft Brexit agreement and will continue next week. Finally, the British Parliament will vote on December 12. It is still bearish for the pound. If the draft is not passed, the performance of the pound will be weaker. At present, the euro is stronger than the pound, and the euro has a chance to rise against the pound. Technically key support is 0.8900 and 0.8885.

EURCHF
1.1325/1.1340 resistance
1.1300/1.1285 support
The market is waiting for the performance of US ADP job data and other US economic data tonight. European currencies interact with each other and no one has outstanding performance. It is recommended to pay attention to the euro against the Swiss franc in the interval.

XAUUSD
1243/1245 resistance
1233/1231 support
After the start of the Brexit debate, the market worried that the mood would heat up and assets flowed into the gold market to hedge. In addition, the Fed’s rate hike may slow down next year, which will help boost gold. The market is watching the US job market report, and gold has a chance to fluctuate significantly. Short-term technical attention to US1243 resistance and US1233 support within the range.

US crude oil futures:
53.25/53.75 resistance
52.10/51.70 support
The OPEC agreed to cut production in January next year, which will help oil prices rebound. However, US President Trang said that he hopes that the supply will maintain production levels and expect oil prices to stabilize at current levels. Eventually the oil price could not break through the resistance and fell. At present, the technology continues to focus on the resistance of 53.75, and hopes to support 51.70. If the US job data declines more than expected, the oil price may test 50 US dollars.

BTCUSD:
3880 / 4050 resistance
3620/ 3505 support
Before FOMC meeting，the market is waiting any US inflation and job data. If all good, the US Fed could raise the interest rate. Interest rate keep hike, the bitcoin still have a chance fall. Technically, US4050 is the updated important resistance. At this moment the price may try US3505 support again.

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

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

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


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

 

[Kelly Yeung]

Personal opinions today:

The number of private-sector employment in the US fell to 179,000, down from 225,000 last month, and was also lower than the market expectation of 195,000. Factory orders fell sharply and the dollar fell. Moreover, the Sino-US trade war brought uncertainties. The US communications and technology stocks fell, and the Dow once fell more than 700 points. Officials from the Fed said that the pace of interest rate hikes in the coming year may slow down and increase the market investment atmosphere. The Dow regained most of its decline before the market closed, but the dollar continued to fall. The market is waiting the US non-farm payrolls and other job data reports tonight.

The market is looking at the US job data report for November. The market believes that non-farm payroll in November may fall from last month to only 190,000 to 200,000. If the US job data in November fell more than expected, the average wage did not increase to more than 0.3%, affecting the Fed's decision to raise interest rates on the 20th this month, the dollar may fall further, gold and silver prices have an opportunity to rise.

Today's suggestion:

EURUSD
1.1420/1.1440 resistance
1.1330/1.1310 support
Recently, the European Commission said that it began to study the end of the long-term financing bond purchase plan, and arranged for the next year's interest rate increase plan, which will help the euro. And the Fed’s slowing rate hike news, Euro recorded a rebound. However, the Brexit agreement may fail in the shadow, limiting the increase in Euro. Technical resistance in Euro, is expected to be 1.1420 and 1.1440 resistance range. Finally, depends on the performance of the US job data and wage performance tonight, affecting the US dollar, indirectly affecting the trend of Euro!

GBPUSD
1.2815/1.2835 resistance
1.2705/1.2685 support
Although the Fed officials indicated that they intend to slow down the rate hike, the news has cooperated and the pound has recorded a rebound. In addition, the market is worried that the Brexit agreement will not be passed next week, limiting the increase in the pound and continuing to have a downside risk. Short-term attention to the US job data and wages performance tonight, affecting the trend of the pound, it is worthy of attention! Technically, Pound may continue to go down. Brexit is worried about the market and will support 1.2685 or 1.2655. If the US job data is weak tonight, the pound will have a chance to try again near 1.2820. However, the market outlook is still unclear, pay attention to the pound callback.

USDCHF
0.9915/0.9895 support
0.9955/0.9975 resistance
With the EU's plan to end the bond-buying program, Fed officials expressed interest in slowing interest rates and other news to boost the Swiss franc. The number of US job data result tonight will affect the dollar's movements, indirectly affecting the Swiss franc, which is worthy of attention! Technically expected 0.9895 is a short-term important support.

USD/JPY
112.30/112.05 support
112.95/113.15 resistance
US ADP and factory orders fell, Sino-US trade relations may be tense, the Dow once fell nearly 800 points, the yen as a safe-haven currency rose, the dollar fell against the yen. USD/JPY has tested 112.55 and 112.35 respectively. Looking at the US job data and wage performance tonight, the short-term stability, but if the US job data performance is weak, affecting the dollar's decline, it is estimated that the dollar against the yen will test 112.20 resistance or below.

AUDUSD
0.7245/0.7265 resistance
0.7215/0.7195 support
A number of important economic data in Australia have been weak recently, and the Reserve Bank of Australia has kept interest rates unchanged, which is negative for the Australian dollar. Coupled with the continued trade turmoil between China and the United States, the Australian dollar has adjusted downward. At present, the market is concerned about the job data and wage performance of the US tonight, which is expected to affect the US dollar and indirectly affect the Australian dollar. Technically, you can refer to the recent 0.7200 important support. If the US job data disappoints the market, the Australian dollar is expected to rebound against the US dollar.

NZDUSD
0.6905/0.6925 resistance
0.6855/0.6840 support
Recently, a number of important economic data in Australia have been weak. The Reserve Bank of Australia has kept interest rates unchanged, which is negative for the Australian dollar and indirectly affects the New Zealand dollar. Coupled with the continued trade turmoil between China and the United States, the New Zealand dollar fell. At present, the market is concerned about the employment and wage performance of the United States tonight, which is expected to affect the trend of the US dollar and indirectly affect the New Zealand dollar. If the US job data disappoints the market, the New Zealand dollar is expected to rebound against the US dollar. Technically, the New Zealand dollar developed 0.6855 support on a 200-hour average, which is close to the support level of 0.6840 earlier, which can be used as a reference.

USD/CAD
1.3425/1.3440 resistance
1.3355/1.3340 support
The falling in oil prices has made the Canadian dollar weak. The market is watching the US non-farm payroll and average wage performance tonight. If the data performance disappoints the market, the Canadian dollar has a chance to rebound. The US dollar is adjusted against the Canadian dollar. You can test 1.3355 and 1.3340 support. Technically, the short-term reference to the resistance of 1.3440, if the oil price rises or the US job data is weak, the US dollar against the Canadian dollar has the opportunity to maintain the development below the 1.3440 resistance.

EUR/GBP
0.8900/0.8885 support
0.8935/0.8955 resistance
The British Parliament debated the first phase of the draft Brexit agreement and will continue its debate next week. Finally, the British Parliament will vote on December 12. It is still bearish for the pound. If the draft is not expected to pass, the performance of the pound will be weaker. At present, the euro is stronger than the pound, and the euro has a chance to rise against the pound. The technical key support 0.8955 and 0.8885 on the resistance of 0.8955.

EURCHF
1.1325/1.1340 resistance
1.1285/1.2860 support
The market is waiting the number of US non-farm payroll and other US economic data such average hourly wages tonight. European currencies, the euro and the Swiss franc interact with each other. The Swiss franc currently seen is more prominent, and assuming that it is affected by the Brexit impact on the euro. It is recommended to note that the EUR/CHF will approach to the important support of 1.2860.

XAUUSD
1243/1247 resistance
1235/1233 support
Recently, the market expects the British parliament to debate the Brexit agreement, which may eventually fail. The market is worried and assets flow into the gold market to avoid risks and push up gold. Last night, Fed officials said that the pace of interest rate hike may slow down, once again boosting gold, just hit the resistance of $US 1,243. At present, the market is waiting to see the US job market report. Assuming that when it is announced, gold has a chance to fluctuate greatly. Short-term technical attention to the resistance of 1243 and 1247 US dollars, if the normal correction, refer to the support range of 1235 and 1233 US dollars. If it can fall further, it will focus on $1225.

US crude oil futures:
52.15/52.55 resistance
50.20/49.40 support
The OPEC agreed to cut production in January next year, but did not announce the volume for the reduction in production, finally the oil price fell. The market has received US President Trump message earlier, he is hoping that maintain production levels and expect oil prices to stabilize at current levels. Assume that oil prices will not be able to break through the resistance of $54 in the short term. Currently, the technical focus 53.75 resistance, the short-term resistance for reference are 52.15 and 52.55 US dollars, down to 50.70 and 50.20 US dollars support. If the US non farm payroll declines more than expected, oil prices may test $50 to $49.40.

BTCUSD:
3520 / 3750 resistance
3120/ 2985 support
Before FOMC meeting，the market is waiting any US inflation and job data report . Also, the US Fed could raise the interest rate. If Interest rate keep hike, the bitcoin still have a chance fall. Technically, US4050 important resistance move down to US3750. After US3505 support was breakthrough, it seems the first resistance at this moment.

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

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

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


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

 

[Kelly Yeung]

Personal opinions today:

Last week, the US announced that the unemployment rate remained at 3.7% in November, but the number of non-farm payrolls fell sharply in November, only 155,000. As early as the day before the announcement of the ADP private employment had already fallen, and the number of weekly jobless claims continued to rise. Therefore, the November job data came out and the market was not surprised. Only the market believes that the Fed has the opportunity to consider stopping interest rate hikes. Next week, the Fed will raise interest rates, or it may announce a stop on the pace of interest rate hikes. It is no longer a statement of "gradual rate hikes." In addition, the average monthly salary in November was lower than the market expectation of only 0.2%. The number of jobless claims in November continued to climb. It is expected that the US retail sales data will be released this week, which may be further reduced and there is a chance to bear short of the US dollar.

This Wednesday morning in Beijing time will determine the fate of the Brexit and the future of the pound. The latest news indicates that British Prime Minister has deliberately postponed to seek to resolve the final plan of support for members of Congress. In any case, the market is waiting to be seen. At present, the market expects that the proportion of members of the British parliament who oppose the draft of the Brexit is higher, and the trend of the pound is not optimistic. If the final draft is not passed, the pound has a chance to fall. The technical target may be the low of 1.21 to 1.20 at the beginning of 2017 and the 1.25 level in the short term.

Today's suggestion:
EURUSD

1.1440/1.1460 resistance

1.1380/1.1360 support

The European Central Bank decided to raise interest rates on Thursday. The European Commission said earlier that it began to study the long-term financing bond purchase plan at the end of December, and arranged for a rate hike, interest will help the euro. Moreover, the US job market has slowed down and wages have not increased. The Fed may have a slower rate hike. If the dollar starts to weaken, Euro will have a chance to rebound further. However, it cannot be ignored that the development of the Brexit Agreement affects the performance of the Euro. If the draft of the Brexit vote is not passed on Wednesday morning, it may indirectly drag the euro. Technically, the resistance level in EURUSD, continue to wait for the rebound wave 85%, 1.1440 resistance, and the maximum resistance is the November 20 high 1.1470.


GBPUSD

1.2755/1.2770 resistance

1.2695/1.2675 support

US non farm payroll and wage performance are not as good as market expectations. The Fed’s rate hike may slow down and help support the pound. However, the Brexit agreement may not be approved. It is expected to affect the development of the pound and limit the increase. If the draft of the Brexit draft was not passed on Wednesday morning in Beijing time, it may indirectly drag the pound down. Technically, the pound may continue to maintain its downside, and will support 1.2695 or 1.2675 in the short term. The key resistance area is at 1.2755 or 1.2770.


USDCHF

0.9870/0.9850 support

0.9895/0.9915 resistance

The ECB is planning to end the bond-buying program. Fed officials expressed interest in slowing interest rate hikes, and the US non farm payroll and wage performance did not meet market expectations last Friday, affecting the development of the US dollar and indirectly boosting the Swiss franc. The technically expected 0.9895 has broken through for short-term important support, and the short-term trend is expected to support the rise of the Swiss franc. The dollar's first target support against the Swiss franc is 0.9870 or 0.9850.


USD/JPY

111.85/111.50 support

112.65/112.80 resistance

The number of ADP jobs in the United States and the non-farm payrolls fell respectively. Sino-US trade relations were once again tense and the Dow continued to fall. The investment sentiment in the stock market was affected, and the yen as a safe-haven currency rose, and the dollar fell against the yen. USD/JPY has tried and touched 112.35 support. Looking at other US economic data performances this week, the most important inflation and retail sales data released on Wednesday and Friday are expected to fall. The short-term may affect the dollar's decline. It is estimated that the USD/JPY will further test the low. If the technology breaks 112.20 or may test 111.85 or 111.50. It is a kindly recommendation, when trading, you can pay attention to the performance of the US Dow and the Nikkei.


AUDUSD

0.7230/0.7250 resistance

0.7175/0.7160 support

A number of important significant economic data in Australia have been weak recently, and the Reserve Bank of Australia has kept interest rates unchanged, which is negative for the Australian dollar. Coupled with the Sino-US trade war continues to affect the market, the Australian dollar has fallen. Even if the US non farm payroll and wage performance were not as good as expected, it failed to boost the Australian dollar. Technically, the AUDUSD double tops were not broken earlier, and now the neckline is broken. Refer to 0.7230 and 0.7250 for short-term important resistance, and look at 0.7160 support.


NZDUSD

0.6895/0.6915 resistance

0.6835/0.6815 support

The decline in the Australian dollar has indirectly affected the decline of the New Zealand dollar. Coupled with the continued trade wars between China and the United States, the New Zealand economy may be affected by the slowdown of the Chinese economy, and the interest in market investment in the New Zealand dollar is reduced. Although US non farm payroll has disappointed the market, the New Zealand dollar is expected to rebound against the US dollar, but the technical resistance of 0.6895 and 0.6915 may limit the increase of the New Zealand dollar. If the Australian dollar or the China renminbi falls, it is believed that the New Zealand dollar will fall indirectly.


USD/CAD

1.3255/1.3240 support

1.3335/1.3355 resistance

Last Friday, the OPEC members and the non-OPEC members agreed to cut production next year, and oil prices rebounded, once rising to $54, boosting the Canadian dollar. However, the non farm payroll and average wages in the United States was weak. The market worried about the demand for crude oil, the oil price rose slowly, and the Canadian dollar's rise also slowed down. If the oil price does not rise further, it may limit the increase of the Canadian dollar. USDCAD may reaches the support of 1.3255 and 1.3240, and look forward to the resistance of 1.3335 and 1.3355.


EUR/GBP

0.8950/0.8925 support

0.9000/0.9025 resistance

The British Parliament debated the first phase of the draft Brexit agreement and is expected to vote after the debate ends at 0:00 this Wednesday. At present, there is a large proportion of members who oppose the draft, and the pound is bad. If the draft is not expected to be finalized, it will make the pound perform even weaker. At present, the euro is stronger than the pound, and the euro has a chance to continue to rise against the pound. Technically key resistance is 0.9000 and 0.9025 resistance. In addition, the phonetic euro-dollar performance also helps to capture the development of the euro against the pound.


EURCHF

1.1310/1.1330 resistance

1.1280/1.1260 support

The European Central Bank’s interest rate decision on Thursday, the central bank may plan to end the bond purchase program, which will help boost the euro. The performance of the euro is more prominent than that of the Swiss franc. It is recommended to pay attention to the important support of the EUR/CHF for 1.1280 and further look at the support level before 1.1260.


XAUUSD :

1253/1255 resistance

1245/1243 support

The British parliament debates the Brexit agreement, which may eventually fail. The market is worried that the mood will heat up and assets will flow into the gold market to hedge. Coupled with the weak performance of the US job market, Fed officials said that the pace of interest rate hikes may slow down, which will help boost gold. At present, the market is waiting for the Brexit decision. It is believed that gold will have a large fluctuation when it is announced at 0:00 on Wednesday. Short-term technical attention to the resistance of 1253 and 1255 US dollars. It is recommended to pay close attention to the risk of trading.


US crude oil futures:

51.75/51.15 support

53.75/54.20 resistance

The OPEC and other non OPEC members agreed to cut production in January next year, which will help support oil prices. They will maintain the target production level and stabilize the oil price, it is expected to test the resistance of 54 US dollars. Technically, the current technical focus continues to focus on resistance at 53.75, with short-term resistance referring to resistance at $53.75 and $54.20. However, it is necessary to pay attention to other US production data and the amount of crude oil inventories to be announced, and look forward to the development of oil prices.


BTCUSD:

3520 / 3750 resistance

3120/ 2985 support

US non farm payroll and average wage compared last month fell, it seems supported bitcoin stables. However, before the FOMC meeting next week, the market is keep waiting any US inflation data. Also, the US Fed could raise the interest rate next week. If Interest rate keep hike, the bitcoin still have a chance fall. Technically, the important resistance at US3750, looking forward to lower US3000.

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: wechat: ATFX_China

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

 

[Kelly Yeung]

Personal opinions today:

The original scheduled Wednesday morning will determine the Brexit vote, the latest news that the British Prime Minister intends to postpone, the time has not decided, the market continues to pay attention. At present, the market expects the voting to be postponed because the British parliamentarians opposed the drafting of the draft Brexit. The sterling pound investors also pessimistic. The pound plunged yesterday, falling more than 200 pips and reaching the short-term target of 1.25. If the mood continues to be unstable, as in the case of the UK's hard Brexit in early 2017, the technical target for the pound may be at the low level of 1.21 to 1.20.

Last night, the US Dow rebounded after falling 500 points, bringing the dollar up. The market expects that the Brexit draft will not be passed, and some funds will flow to the US dollar assets to hedge, indirectly causing other currencies to fall, while the gold price is adjusted. The market is concerned about the latest development of the Brexit draft, and is concerned about the UK unemployment rate and job report released in this afternoon, including jobless claims and average wages. If the job data is improved under the Brexit crisis, it is expected to boost the pound.

Following the UK data, the German and Eurozone economic sentiment index is also worthy of attention. If the data beats expectations, it will help the ECB's decision on the meeting of the European Central Bank on Thursday, which will benefit the euro. Finally, the US production price index and Red Book retail sales data will be released in the evening. The data will help to assess and anticipate the US consumer price index released tomorrow and the official retail sales data released on Friday, and will affect the dollar trend in the next two days.

Today's suggestion:

EURUSD
1.1375/1.1390 resistance
1.1340/1.1320 support
The European Central Bank decided to raise interest rates on Thursday. The European Commission said earlier that it began to study the long-term financing bond purchase plan at the end of December, and arranged for a rate hike, interest will help the euro. However, the Brexit agreement may postpone the vote, affecting European currency confidence, indirectly affecting the performance of the euro, and dragging the euro down against the pound. Technically, resistance levels in Euro have changed downwards, with resistances of 1.1375 and 1.1390. At present, attention is paid to 1.1340 and 1.1320 support. If the risk of Brexit rises and the pound falls, it may cause the euro to fall below the support level.

GBPUSD
1.2605/1.2635 resistance
1.2495/1.2475 support
The Brexit agreement may not have been passed. Prime Minister Wen Cuishan plans to postpone the vote, affecting the pound's decline, and seeing a low of 1.2505. Originally scheduled tonight, Wednesday morning, the British Parliament voted for a draft of the Brexit, there is no settlement at present, and the expected trend is weak. Technically, the pound will be supported by 1.2495 or 1.2475 in the short term. If the UK job data showed strong in the afternoon, the pound rebounds to near this position may stop near to the key resistance of 1.2635.

USDCHF
0.9870/0.9850 support
0.9915/0.9935 resistance
The Brexit agreement may not have been passed. Prime Minister plans to postpone the vote. The news affects the euro and indirectly affects the Swiss franc. The Swiss franc is still strong, maintaining at 0.9895 for short-term important support and has hit 0.9870. In the past, the euro fell, indirectly affecting the Swiss franc. Beware of the dollar rebounding against the Swiss franc at any time, weighing the resistance of 0.9915 and 0.9935.

USD/JPY
113.35/113.50 resistance
112.85/112.65 support
The US dollar and the Nikkei index rose, and the dollar rebounded against the yen. Technically, if the US Dow falls again, the USD/JPY may stop at 113.35 and 113.50 resistance. Looking down on the low position, the first target 112.85 support. The market is watching the release of the US production price index and the Red Book retail sales data performance at night, mainly depending on the data driving the stock market trend, indirectly affecting the dollar against the yen.

AUDUSD
0.7225/0.7240 resistance
0.7185/0.7170 support
The recently economic data in Australia have been weak, which is negative for the Australian dollar. Coupled with the Sino-US trade war continues to plague the market, the Australian dollar is mainly bearish. The market is watching the release of US production price index and Red Book retail sales data performance at night, affecting the performance of the US dollar. Technically, we can refer to the short-term important resistance of 0.7225 and 0.7240, mainly depending on the changes in the US inflation data result in the next few days.

NZDUSD
0.6895/0.6915 resistance
0.6835/0.6815 support
The Sino-US trade war continues to plague the economic development of the Asia-Pacific region in the future. The New Zealand economy may be affected by the slowdown of the Chinese economy and the interest in investing in the New Zealand dollar will be reduced. Although the market expects US inflation data to be disappointing, the New Zealand dollar has risen slightly against the US dollar, but the technical resistance of 0.6895 and 0.6915 may limit the growth of the New Zealand dollar in the short term. If the Australian dollar or the China renminbi falls, it is believed that the New Zealand dollar will fall indirectly.

USD/CAD
1.3375/1.3360 support
1.3440/1.3455 resistance
Last week, the OPEC agreed to cut production next year, and oil prices have rebounded, once rising to $54, boosting the Canadian dollar. However, with the weak performance of the US job market and average wages, concerns about crude oil demand, oil prices reversed, and the Canadian dollar fell again. If the oil price does not rise further, it is expected that the US dollar against the Canadian dollar will continue to test the resistance before the test 1.3440.

EUR/GBP
0.9020/0.8995 support
0.9090/0.9125 resistance
The British Parliament debated the draft Brexit agreement originally expected to vote after the end of the debate tonight. At present, there is a large proportion of members who oppose the draft. The British Prime Minister plans to change the voting time. The news is bad for the pound. At present, the euro is stronger than the pound, and the euro has a chance to continue to rise against the pound. The key resistance of the technical upper and lower levels is 0.9090 to 0.9125. The Brexit problem made the market unstable, highly recommend paid attention to market risks.

EURCHF
1.1260/1.1280 resistance
1.1200/1.1185 support
The European Central Bank’s interest rate decision on Thursday, the central bank may plan to end the bond purchase program, which will help boost the euro. However, after the vote of the Brexit draft was postponed, the euro weakened and was more prominent than the Swiss franc. The euro fell below the 1.1280 important support against the Swiss franc, and the previous support at 1.1260 also broke. The next level of support will be to 1.1200 or 1.1185 critical support.

XAUUSD
1249/1251 resistance
1244/1242 support
The British parliament debates the Brexit agreement, which may eventually fail. The market is worried that the mood will heat up and assets will flow into the gold market to hedge. Coupled with the weak performance of the US job market, Fed officials said that the pace of interest rate hikes may slow down, which will help boost gold. At present, the market is waiting to see the post-election of the Brexit vote, waiting for the latest development, and gold has a chance to fluctuate greatly. The market is watching the release of US production price index and Red Book retail sales data performance at night, it could affected the performance of the US dollar, while short-term resistance of 1249 and 1251 US dollars. It is recommended to pay close attention to the risk of trading.

US crude oil futures:
50.75/50.35 support
51.85/52.20 resistance
The OPEC agreed to cut production in January next year, which will help the development of oil prices above $50 by physically. But technically, the current technology continues to focus on 52.20 as a short-term important resistance, but must pay attention to the US production data and the amount of crude oil inventories to be announced, and look forward to the future development of oil prices. The market is watching the release of the US production price index and Red Book retail sales data performance at night, affecting oil price performance.

BTCUSD:
3520 / 3750 resistance
3120/ 2985 support
US non farm payroll and average wage compared last month fell, it seems supported bitcoin stables. However, before the FOMC meeting next week, the market is keep waiting any US inflation data. Also, the US Fed could raise the interest rate next week. If Interest rate keep hike, the bitcoin still have a chance fall. Technically, the important resistance at US3750, looking forward to lower US3000.

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]

ATFX’s overriding goal is to build a sustainable and loving community, and in turn making the world and the communities we serve a better place.

On the one hand, we assume our share of corporate social responsibility by actively reaching out to communities and serving their needy, especially children and the elderly. On the other hand, we render support to the sustainability of the community by encouraging talent development to cultivate and innovate.

As Christmas approaches, ATFX’s team of volunteers and IBs have organised a charity visit to offer gifts to children in need and sharing their love with them during the festive season.


This will include a visit to the children of the Shan De Orphan Centre, located in Johor Bahru, Malaysia, and would be ATFX’s (Malaysia) second charity event this year following its visit of the Children’s Home in May. The second charity event was held on the 7th of December, 2018 with the financial services company sponsoring a delicious lunch and gifts, as well as a magic show drawing game with nearly 50 children.


Malaysia is one of the key countries that ATFX operates in, and is particularly concerned about people who need its help, especially children, resulting in ongoing cooperation with the region’s welfare organizations. This particular event was led by Mr. Keith Lee, Chief Executive Officer of AT Global Malaysia, with ATFX’s team of volunteers in Malaysia consisting of ATFX staff, IBs and their families.


Mr. Lee said, “This visit is particularly meaningful to us because ATFX has grown rapidly over this year in Malaysia and has already opened offices in Johor Bahru and Kuala Lumpur, where Children’s Home presides, and as a result we are very familiar with these communities. The visit provided us with another opportunity to bond with the local neighborhood and it has meant a lot to us. On the one hand, we can serve the people who need our help, while also enhancing the relationship amongst colleagues and complete our service mission to IBs.”


We recognise that we have an influential role to play in promoting a sense of moral duty to our employees, partners and communities. And with concerted efforts, we believe that we can make positive changes to the world in an impactful way.


In the future, ATFX will not only provide financial education services, but also hopes to organize more charity events across Asia.


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.

 

[Kelly Yeung]

ATFX, a global online trading provider, announced that it has added sales veteran Marcos Tigsilema as the Commercial Director of the firm’s United Kingdom operations.

Tigsilema has an expansive resume, holding sales-based roles with some of the top brokers in the foreign exchange (forex) industry. At ATFX UK, he will utilise his experience in client acquisition to help the broker expand its customer base.

Richard Craddock, CEO of ATFX (UK) commented on Marcos Tigsilema:

ATFX are very proud to announce Marcos joining us as Commercial Director His proven track record will help further accelerate the growth of our European operations and push ATFX further along our strategic path. Marcos adds another dimension to our multicultural and multilingual sales initiative as we continue to create a market leading customer experience.

Wei Qiang Zhang, Managing Director of ATFX (UK) commented on Marcos:

We’re delighted to have Marcos join our expanding team. Bringing him onboard highlights our commitment to new business and attracting new clients to ATFX on a global scale. His role is critical to our strategy of developing partnerships around the world to further expand our client base, with his expertise in client acquisition of great importance to us.

Marcos Tigsilema, Commercial Director of ATFX (UK) is commenting on his new role:

I am proud to be leading such a unique team, and look to build on ATFX’s recent successes. The importance of understanding how our business should be enhanced, pitched, and deployed will be an important aspect for growth, continuity and ongoing successes.

“76.9% 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: 32 Cornhill, London, EC3V 3SG. Company No. 09827091

Legal Disclaimer: ATFX is a co-brand shared by a number of different entities globally including the FCA-regulated AT Global Markets (UK) Limited in the United Kingdom, ATFX Global Markets (CY) Limited in Cyprus regulated by CySEC, AT Capital Markets Limited (ADGM) in the United Arab Emirates regulated by the FSRA, and AT Global Markets Limited registered in the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

 

[Kelly Yeung]

Personal opinions today:

The UK fell to a 20-month low and the euro was dragged down. The Brexit vote in the United Kingdom has no voting time. The UK may face the risk of hard Brexit in March next year. The market refers to the impact and impact on the UK financial industry and financial derivatives. In addition, British Prime Minister Teresa May, who was judged by Congress, will face the risk of impeachment and downfall. All kinds of bad news, offsetting the good data of yesterday's UK job report and the weak US data, the pound fell again to below 1.2505. If the Brexit situation has not improved, the mood continues to be pessimistic, and the UK's hard Brexit situation may cause the pound to fall more than once, and test the level of 1.21 to 1.20. Of course, some bad news has already appeared, and the pound has also fallen a lot, or it is possible to adjust the rebound.

The market is watching the US CPl that important inflation data for November tonight. The data is currently estimated to fall from last month. It is expected to fall, and the short-term can make the dollar fall. If the result eventually falls, it may affect the future Fed interest rate decision and attitude. In addition, the number of US jobless claims and retail sales announced later was also noted.

It is worth noting the European Central Bank's monetary policy resolution tomorrow night. The market is watching whether the European Central Bank's monetary policy has changed, ending the bond purchase plan, and implementing the rate hike time. Please pay attention to the performance and development of the euro.

Today's suggestion:
EURUSD
1.1375/1.1390 resistance
1.1300/1.1285 support
The European Central Bank will raise interest rates tomorrow evening. Earlier, the European Commission said it would start investigating the long-term financing bond purchase plan at the end of December and arrange for a rate hike to help boost the euro. Only the Brexit agreement may push the vote, affecting European currency confidence, indirectly affecting the performance of the euro, dragging down the euro. Technically, Euro resistance levels 1.1375 and 1.1390 continue to pay attention. If the risk of Brexit dragged down the pound, it could cause the euro to break below the 1.1300 support level. In the evening, pay attention to the US CPl data. If it is weak as expected, the dollar will fall and it will be more euros.

GBPUSD
1.2545/1.2560 resistance
1.2490/1.2475 support
The pound fell to a 20-month low. The Brexit agreement may not be supported by Congress. British Prime Minister Teresa, May plans to vote. Coupled with the British Parliament, it is planned to impeach the status of prime minister and politics is not bad. The double strike caused the pound to fall. Technically, it was suggested yesterday that Pound will look down to 1.2490 or 1.2475 in the short-term, and the market expects the US inflation data, CPI and retail sales data to be released. The short-term US dollar is weak, which may boost the pound. Short-term attention to the key resistance of the resistance of 1.2545 and 1.2560.

USDCHF
0.9890/0.9875 support
0.9950/0.9965 resistance
The British political atmosphere is tense, the news affects the decline of the European currency, indirectly affecting the Swiss franc. Yesterday, although the Swiss franc remained strong, it remained at 0.9895 for short-term important support and once touched 0.9870. Experience has once again proved that the euro fell, indirectly affecting the Swiss franc. The US dollar against the Swiss franc rebounded at any time, once tested the resistance of 0.9935. If the euro continues to fall, the dollar may hit 0.9950 or 0.9965 against the Swiss franc. In the next few days, US data performance is expected to fall from last month, and the US dollar has a chance to weaken!

USD/JPY
113.55/113.70 resistance
113.05/112.90 support
The US dollar and the Nikkei index rose, and the dollar rose further against the yen. Technically, if the US Dow falls again, the USD/JPY may stop before 114 resistance. Looking down on the low post. The market is waiting to see the performance of the important inflation data CPl in the evening. If it looks at the stock market at the same time, it will indirectly affect the development of the dollar against the yen.

AUDUSD
0.7245/0.7260 resistance
0.7215/0.7200 support
Although the Australian economic data has been weak recently, it is bearish for the Australian dollar. Coupled with the tense atmosphere of Sino-US trade war, the Australian dollar is mainly bearish. But the US economy began to slow down, and the market worried that the dollar would fall. If the US inflation data performance is weak as expected tonight, it will affect the performance of the US dollar. Technically, we can refer to the short-term important resistance of 0.7245/0.7260 resistance. Investors must pay attention to the changes in inflation performance in the US in the next few days.

NZDUSD
0.6905/0.6925 resistance
0.6875/0.6855 support
Although the recent economic data of Australia and New Zealand is weak, and the Sino-US trade war is tense, it is bad for the Australian dollar. But the US economy began to slow down, and the market worried that the dollar would fall. If the US inflation data performance is weak as expected tonight, it will affect the performance of the US dollar. The New Zealand dollar rose against the US dollar, technically 0.6905 and 0.6925 resistance. If the Australian dollar or the renminbi falls, it is believed to be indirect to the New Zealand dollar.

USD/CAD
1.3390/1.3405 resistance
1.3355/1.3340 support
The crude oil price rebounded slightly, boosting the Canadian dollar. In addition, with the weak job market and average wage performance in the United States, the market expects US inflation and retail sales to be affected, which indirectly increases the Canadian dollar. If the crude oil price rises further, it is expected that the US dollar will continue to test 1.3340 or below against the Canadian dollar.

EUR/GBP
0.9030/0.9005 support
0.9080/0.9105 resistance
The British Parliament debated the draft Brexit agreement originally expected to vote after the end of the debate tonight. At present, there is a large proportion of members who oppose the draft. The British Prime Minister plans to change the voting time. The news is bad for the pound. At present, the euro is stronger than the pound, and the euro has a chance to continue to rise against the pound. The key resistance of the technical upper and lower levels is 0.9080 to 0.9105. The Brexit problem made the market uneasy and paid attention to market risks.

EURCHF
1.1260/1.1285 resistance
1.1230/1.1205 support
The European Central Bank will raise interest rates tomorrow night, and the central bank may plan to end the bond purchase plan, which will help boost the euro. However, after the vote of the Brexit draft was postponed, the euro weakened again. Compared with the Swiss franc, the euro against the Swiss franc fell below the important support of 1.1280, and the next level of support will be 1.1230 or 1.1205.

XAUUSD
1249/1251 resistance
1243/1241 support
The British parliament debates the Brexit agreement, which may eventually fail. The market is worried that the mood will heat up and assets will flow into the gold market to hedge. Coupled with the expected weak US economic data, the Fed’s slower rate hike will help boost gold. The market is watching the release of US inflation data and retail sales data performance. If it affects the performance of the US dollar, gold may look forward to resistance of 1249 and 1251 US dollars. It is recommended to pay close attention to the risk of trading.

US crude oil futures:
52.85/53.20 resistance
51.75/51.35 support
The current crude oil price breakthrough US52, which is due to the sharp decrease in crude oil inventories, which boosts short-term oil prices. The market further waits to announce the US inflation data, CPl at night, and the expected decline in data will affect the performance of crude oil prices.

BTCUSD:
3520 / 3750 resistance
3120/ 2985 support
After US November non farm payroll and average wage compared last month fell, it seems supported bitcoin stables. However, the market is keep waiting the US inflation data tonight. Also, the US Fed could raise the interest rate next week. If Interest rate keep hike, the bitcoin still have a chance fall. Technically, the important resistance at US3750, looking forward to lower US3000.

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: wechat: ATFX_China

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

 

[Kelly Yeung]

Personal opinions today:

The British Prime Minister avoided the impeachment risk and drove the pound to rebound. Although there is still a risk of Brexit in the UK, there are reports show that the British Prime Minister and the EU are discussing an orderly Brexit plan to avoid the UK economy risks before the deadline of January next year, such as the Brexit agreement not approved by the British Parliament. Two major factors, yesterday, boosted the pound.

Today, the market is concerned about the release of German and French CPl that inflation data in the afternoon, as well as the Swiss interest rate decision. But the market may be more concerned about the statement of the ECB meeting. Earlier, the European Central Bank said it began to discuss the plan to stop long-term bond purchases and future monetary policy. If the European central bank is planning to end the three-year long-term bond purchase program at the end of December, it may mean that the European economy has left the crisis and entered economic growth. On behalf of the euro, the long-term trend in the future may turn stronger. So at 20:45 tonight, the ECB monetary policy meeting and the ECB president speech at 21:30 in the evening, we will be very concerned it, and we must pay more attention to the volatility of all European currencies. At 22:30 in the evening, the European Central Bank announced macroeconomic expectations about the eurozone, which is very important for European currencies.

Today's suggestion:

EURUSD
1.1390/1.1420 resistance
1.1335/1.1305 support
Tonight, the European Central Bank has decided to monetary policy. Earlier, the European Commission said it would start to stop the long-term re-financing plan at the end of December, and arrange for a rate hike, which is positive for the euro. Technically, the short-term resistance at 1.3390 in Euro. If the ECB’s comments are positive and boost the euro, there is a breakout the resistance. At present, the first-level resistance is 1.1420 and 1.1440.

GBPUSD
1.2645/1.2660 resistance
1.2550/1.2525 support
The British parliament’s impeachment of prime minister was unsuccessful, avoiding British politics risk and boosting the pound. However, the risk of Brexit still concerned in the market, still has the downside risk. Technically, the key resistance of 1.2645 and 1.2660 in short term. Looking down to 1.2550 and 1.2525. Note that the ECB's monetary policy decisions and remarks tonight.

USDCHF
0.9890/0.9875 support
0.9950/0.9965 resistance
The political in the UK is tense, and the news has affected the decline of the European currency, indirectly affecting the Swiss franc. However, the performance of the euro is likely to be bullish at present. Technically, the euro was suggested to continue to fall yesterday, and the dollar may touch 0.9950 or 0.9965 against the Swiss franc. Eventually touched. In the next few days, US data performance is expected to fall from last month, the US dollar has a weak chance to fall, and the US dollar may fall against the Swiss franc. Before the ECB monetary policy decisions tonight, also pay attention when The SNB’s interest rate decision in this afternoon as well.

USD/JPY
113.55/113.70 resistance
113.15/113.00 support
The short-term US Dow and Nikkei index performance have been limited, and the dollar's further rise in the yen is blocked. Technically, if the US Dow falls again, the USD/JPY may reverse before 114 the key resistance and look down. The market is waiting the performance of the US CPl in the evening. It will indirectly affect the development of the dollar against the yen. The Sino-US trade relationship also affects the stock market and the trend of the United States and Japan, so stay tuned!

AUDUSD
0.7245/0.7260 resistance
0.7215/0.7200 support
The Sino-US trade war has eased, and Chinese officials have expressed their willingness to accept the US trade terms. Moreover, the US economic performance began to slow down, the dollar fell, which helped to increase the Australian dollar. Technically, the important resistance of 0.7245/0.7260 resistance in short term. Investors must pay attention to the performance and changes of the US jobless claims report. If the US data is negative, the Australian dollar has the opportunity to test the resistance.

NZDUSD
0.6885/0.6905 resistance
0.6840/0.6825 support
The Sino-US trade war has shown signs of easing, positive the New Zealand dollar. But the US economy began to slow down, and the market worried that the dollar would fall. If the US jobless claims data is weak tonight, it will affect the performance of the US dollar. If the New Zealand dollar rises against the US dollar, technically 0.6905 as the first resistance. If the Australian dollar or the renminbi rises, it is believed the New Zealand dollar rise as well.

USD/CAD
1.3380/1.3400 resistance
1.3325/1.3310 support
The crude oil price rebounded slightly, which indirectly led to the trend of the Canadian dollar. If the crude oil price rises again, it is expected that the CAD will continue to test the support of 1.3340 or below.

EUR/GBP
0.9000/0.8975 support
0.9040/0.9065 resistance
The British parliament impeached the British prime minister unsuccessful, the pound rebounded and the euro fell against the pound. However, the performance of the euro is still stronger than the pound, and the euro has a chance to continue to rise against the pound. Technically, the key resistance is 0.9080 to 0.9105. The Brexit problem made the market unstable and paid attention to market risks.

EURCHF
1.1310/1.1335 resistance
1.1270/1.1255 support
In the evening, the European Central Bank will have monetary policy decisions, and the central bank may plan to end the bond purchase plan, which will help boost the euro and boost the euro against the Swiss franc. Before the ECB monetary policy decisions, EURCHF break 1.1280 resistance and go up further. If the European Central Bank brings a positive boost to the euro, the euro has further rise against the Swiss franc.

XAUUSD
1249/1251 resistance
1243/1241 support
The British parliament impeached the prime minister unsuccessful, the risk of hedging fell, and the gold fell as well. The US economy is currently expected to be weak in inflation and job data, and the Fed’s rate hike is slowing down and bullish gold. The market is watching the release of US jobless claims data today and retail sales data performance in the tomorrow at evening. If it affects the performance of the US dollar, gold may look forward to resistance of 1249 and 1251 US dollars. It is recommended to pay close attention to the risk of trading.

US crude oil futures:
52.65/53.00 resistance
51.15/50.85 support
The OPEC oil group agreed to cut production in January next year, which will help support the development of oil prices above $50. However, market rumors that Iran and other oil-producing countries may have differences, affecting the fall in oil prices. Technically, the current focus on $53 is a short-term important resistance, and the important support is estimated at $50.85.

BTCUSD:
3520 / 3750 resistance
3120/ 2985 support
US November non farm payroll and average wage compared last month fell, it seems supported bitcoin stables. However, the US Fed could raise the interest rate next week. If Interest rate keep hike, the bitcoin still have a chance fall. Technically, the important resistance at US3750, looking forward to lower US3000.

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

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