ATFX Press Releases - 2018

[Kelly Yeung]

The trade negotiations in Europe, America and North America have achieved results, avoiding the warming of the trade war and easing the global investment climate. In addition, last night announced that US new home sales fell in June, the dollar weakened, the euro rebounded, the US dollar index fell below 94. The US dollar index fell, other major currencies rebounded against the dollar, and gold regained resistance at US$1234. Crude oil inventories fell more than market expectations and the outcome of European and American trade negotiations, easing tensions, oil prices broke through the US$69 mark and remained strong.

The ECB's interest rate decision and the post-conference press conference Draghi's speech are very important for the euro's prospects and currency outlook. Subsequently, the results of the US durable goods orders in June will have an impact on the forecast of the second quarter GDP of the US in the next quarter. In addition, we will continue to pay attention to the progress of trade negotiations in Europe, America and North America, and then further improve the possibility of Sino-US trade relations.

Today's suggestion:

EURUSD
1.1750/1.1780 resistance
1.1660/1.1640 support
Tonight, the ECB interest rate decision meeting at 19:45 and a press conference after the ECB meeting. The ECB President Draghi’s speech will have an impact on the euro’s changes. If it tends to tighten monetary policy, it will benefit the euro. At the same time, US durable goods order data was also watched.

GBPUSD
1.3250/1.3265 resistance
1.3185/1.3170 support
Affected by the trade negotiations in Europe, the United States and North America, as well as the rise in oil prices, the pound rebounded. In addition, the ECB will hold a meeting of interest rates at 19:45 tonight and a press conference after If the euro tend to tighten monetary policy, the euro will be bullish. At the same time, US durable goods order data was also watched.

USDCHF
0.990/0.9885 support
0.9935/0.9950 resistance
Although the Swiss data was weak yesterday, the performance of the euro can reverse the influence of the Swiss franc. The ECB will hold a meeting of interest rates at 19:45 tonight and a press conference after. During the time, it also has an impact on the Swiss franc and follow the euro.

USD/JPY
110.65/110.50 support
111.30/111.50 resistance
The dollar fell and the dollar fell to the July 23 low against the yen. Concerned about the market, the US durable goods orders data has increased significantly tonight, and the US dollar against the yen will have a chance to rise.

AUDUSD
0.7460/0.7475 resistance
0.7425/0.7405 support
The dollar fell and the Australian dollar took the opportunity to rebound. Coupled with the rise in the Australian price index this morning, the Australian dollar is again high against the US dollar. Concerned that the US durable goods order data forecast to increase significantly tonight, the US dollar will have a chance to fall.

NZDUSD
0.6850/0.6865 resistance
0.6820/0.6800 support
The dollar fell and the New Zealand dollar stabilized. Technical resistance reached a high of 0.6823. However, if the forecast for US durable goods orders is forecast to increase significantly tonight, the US dollar will have a chance to fall.

USD/CAD
1.3025/1.3000 support
1.3085/1.3100 resistance
Also by the dollar, the dollar fell against the Canadian dollar. The most important crude oil inventories decreased, oil prices rebounded, and resistance broke, making the Canadian dollar further rise. However, if the forecast for US durable goods orders is forecast to increase significantly tonight, the US dollar will have a chance to fall. Also concerns the development of oil prices.

EUR/GBP
0.8900/0.8915 resistance
0.8875/0.8860 support
The ECB meeting on interest rates tonight will affect the euro. The ECB’s comments can change the future direction of the euro. Similarly, the ECB tends to tighten monetary policy, the euro rises, and the euro will fall against the pound.

EURCHF
1.1630/1.1650 resistance
1.1595/1.1575 support
The ECB meeting on interest rates tonight will affect the euro. The ECB’s comments can change the future direction of the euro. Similarly, the ECB tends to tighten monetary policy, the euro rises, and the euro will fall against the Swiss franc.

XAUUSD
1235/1238 resistance
1225/1222 support
The US president has been criticized by the outside world for the past few days. At present, the US trade attitude toward Europe, the United States and North America has softened, which has also caused the dollar to fall and gold to rise. The ECB’s comments tonight and the results of US durable goods orders will affect the short-term trend of gold. If the ECB tends to tighten monetary policy or very good durable good order, it discount the value of gold.

US crude oil futures:
69.80/70.05 resistance
67.95/67.45 support
The US crude inventories report showed that inventory continued to decrease, causing oil prices to keep rebound, and the results of trade negotiations in North America and Europe with the United States supported oil prices. But remember that many oil-production countries have indicated that they will consider upgrading their idle capacity and have the opportunity to suppress oil prices. It is recommended to deploy carefully.

BTCUSD:
8290 / 8415 resistance
7925 / 7670 support
The main trend is upward. However the price below the 20 MA by hourly chart, the trend maybe change. If the previous high 8415 or 8290 cannot breakthrough, the trend maybe start to turn to downward. If the US data much better tonight and tomorrow, the bitcoin value will discount.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! 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]

The trade negotiations in Europe, the United States and North America have achieved results. After the trade war has warmed up, the dollar has fallen, which has caused the euro to rise. Unfortunately, last night's European Central Bank meeting and post-meeting press conference, central bank governor Draghi said that he is determined to maintain an accommodative policy before the summer of 2019, and said that the European economy still needs financial support to bring about recovery. As usual, the central bank maintained an easing policy, the pace of interest rate hikes was slow, funds flowed out, and the exchange rate fell. The European Central Bank’s economic outlook has caused the market to worry about the future prospects of the European currency. The pound and the Swiss franc fell simultaneously, but the decline was less than the euro.

The market expects the initial growth of GDP in the second quarter of the United States to reach 4%, making the US dollar strong. But whether the result meets market expectations is still full of variables, and it will be known at 20:30 tonight. If the results are far below market expectations, the dollar is more difficult to maintain short-term strength. As the dollar falls, gold and silver are likely to rebound, but oil prices may adjust to fall.

Today's suggestion:

EURUSD
1.1630/1.1610 support
1.1680/1.1700 resistance
After the ECB meeting on interest rates, there was no good news to stimulate the euro and the exchange rate fell. The market is waiting to see the results of the second quarter GDP of the United States tonight. If the result is much lower than expected, negative the US dollar, it will be bullish euros.

GBPUSD
1.3080/1.3065 support
1.3150/1.3165 resistance
European Central Bank President Mario Draghi’s remarks have implications for European currencies. The US is currently watching the release of the second quarter GDP results tonight. If the result is much lower than expected, negative the dollar, it will be bullish pounds. In addition, the Bank of England will raise interest rates next week, and the market is assessing interest rate hikes.

USDCHF
0.9950/0.9965 resistance
0.9900/0.9885 support
After the European Central Bank’s regular meeting of interest rates and the press conference of the European Central Bank, the euro fell and it was also negative for the Swiss franc. The US is currently watching the release of the second quarter GDP results tonight. If the result is much lower than expected, affecting the US dollar, it will be bullish the European currency, including the Swiss franc.

USD/JPY
110.85/110.70 support
111.30/111.50 resistance
Last night, the US durable goods orders results were far below market expectations, the dollar fell, the dollar fell against the yen. If the US announced the second quarter GDP initial results tonight is also far below market expectations, the dollar, USDJPY may test the support level.

AUDUSD
0.7375/0.7360 support
0.7410/0.7425 resistance
Looking forward to the US release of the second quarter GDP results tonight, if the results are far below market expectations, AUDUSD will have a chance to rebound.

NZDUSD
0.6770/0.6755 support
0.6805/0.6820 resistance
The US is currently watching the results of the second quarter GDP of the United States tonight. If the result is far below market expectations, NZDUSD will have a chance to rebound

USD/CAD
1.3085/1.3100 resistance
1.3025/1.3000 support
The US is currently watching the results of the second quarter initial GDP of the United States tonight. The market expects high GDP growth and the US dollar to rise against the Canadian dollar. If the result is far below market expectations, the dollar will have a chance to fall against the Canadian dollar when the dollar is negative.

EURGBP
0.8875/0.8860 support
0.8900/0.8920 resistance
After the ECB meeting on interest rates, the euro will have a chance to rise against the pound. Initial estimates are complete, with the first target expected to rise to 0.8920 or up to 0.8960.

EURCHF
1.1575/1.1555 support
1.1630/1.1650 resistance
The downside target of 1.1575 is expected to have arrived. The outlook for the European Central Bank’s monetary policy has affected the euro’s decline, and the policy has made the Swiss franc stronger. The central bank’s resolution has been set and the price has been reflected. It is estimated that the short-term euro against the Swiss franc is likely to reverse the rebound.

XAUUSD
1222/1220 support
1230/1232 resistance
At present, the United States is expected to announce the results of the second quarter GDP in the United States tonight. The market expects high GDP growth in the United States, a bullish dollar and a decline in gold. If the US data results are far below market expectations, when the dollar is negative, it may stimulate gold to rebound.

US crude oil futures:
69.20/69.45 resistance
68.55/68.25 support
A few days ago, the US crude oil inventory report showed that stocks continued to decrease, which caused oil prices to rebound. The North American and European and American trade negotiations supported oil prices. But remember that many oil-producing countries have indicated that they will consider upgrading their idle capacity and have the opportunity to suppress oil prices. It is recommended to carefully deploy. If the US announces that the initial GDP of the second quarter is less than expected, the oil price will have a chance to fall.

BTCUSD:
8080 / 8235 resistance
7745 / 7670 support
The US durable goods data much better previous month, the bitcoin value discounted. The bitcoin from US8400 drop below US7900. Tonight at 20:30, US GDP announcement. If the data also better than last month, the bitcoin maybe reach lower.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! Wish Happy trading!

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! 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]

When it comes to good quality Forex trading, international companies usually come to mind. ATFX continues to enhance its tech solutions for Forex traders, with the user experience being the most recent upgrade to undergo improvements.

ATFX has launched websites in a new language, bringing the total number of languageonthe company website to thirteen. The new language added is Vietnamese, highlighting the company’s plans to expand its operations in Southeast Asia.

With the rapid growth of customers from this region, the company turned its attention to simplifying the interaction of traders and IBs in Southeast Asia by launching websites in several Southeast languages. The latest addition of Vietnamese is other step in the same direction.

Its experience in others countries have taught ATFX that the needs of local traders differ significantly from one region to another. Since Southeast Asia is one of the key growth markets for the company, ATFX has been focused on gaining a good understanding of the requirements of its local traders.

This is also the reason why the company offers multilingual customer support and is currently working on launching local language support across all regions that it currently offers its services in. To achieve this, the company has designed personalised customer services, with employees from different countries, such as Vietnam, Korea, Malaysia and Philippines.

Other languages tailor made for the SoutheastAsian market are coming soon.

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]

US GDP initial value in the second quarter reached 4.1%. The University of Michigan consumer confidence index in July was also higher than expected at 97.9%. However, the market believes that the earlier US tax cuts and exporters' efforts to avoid China's anti-tariff policy and speed up exports, there are not driven by the actual US economy. Therefore, the US dollar is still in place, or it can be stimulated by more economic data prove and the Fed’s statement remarks.

This week is also a super week. The market is concerned about the Bank of Japan meeting on Tuesday, and the U.S. Federal Reserve and the Bank of England on Thursday. In addition, the US July non-farm payroll and another job market report, such the update average hourly wage figures were released on Friday. On the eve of the report's announcement, the US ADP employment in July was also very concerned by the market. This data relates to the increase in the number of non-farm private employment markets, and can also influence the market to estimate the job data.

Today, we can look ahead to European data, including the Bank of England's mortgage loans, the UK M4 money supply, the Eurozone economic sentiment and consumer confidence index. German consumer price index and US data at night. According to market expectations, the performance of European data is better than last month. It is possible to benefit European currencies before the release of European data in the evening. In the evening, observe the US existing home sales and the Dallas Fed business activity index. The data is much higher than the previous value, or it may increase the Fed’s interest rate hike expectations.

Today's suggestion:

EURUSD
1.1640/1.1620 support
1.1680/1.1700 resistance
The market is concerned with today's European data. The data is expected to perform better than the previous one and the euro is supported. But to rise further, these data must be much higher than the previous value. In addition, this week the Federal Reserve Board of Interest and the US job market report, the market is expected to be optimistic, the dollar is supported. Therefore, it is estimated that the euro of 1.17 or above may begin to be under pressure. 1.1745 is also an important resistance for the euro. It is recommended to pay attention to the development of the euro, and also bring exchange rate fluctuations during the period.

GBPUSD
1.3080/1.3065 support
1.3150/1.3165 resistance
The market is concerned about the UK money supply data in the afternoon, as well as the German overnight data. The market expects these figures to perform better than the previous ones, and the euro is supported and is also worth more pounds. But to further break through and rise, these datas must be much higher than the previous value. In addition, this week the Federal Reserve Board of Interest and the US job market report, the market is expected to be optimistic, the dollar is supported. Therefore, it is estimated that the GBP 1.3150 or above may begin to be under pressure. The front resistance of 1.3200 can not be ignored. It is recommended to pay attention to the development of the euro, while affecting the pound, the US economic data, and also the fluctuation of the pound exchange rate during the period.

USDCHF
0.9950/0.9965 resistance
0.9900/0.9885 support
In the afternoon, Switzerland's economic leading indicators in July are expected to be more bullish for the Swiss franc. However, the overall trend is believed to be based on economic data from the European region. Therefore, other afternoon European data will be the main factor in the main reference to the trend of the US dollar against the Swiss franc. If the European data is better than expected, the euro and the pound will strengthen, and the Swiss franc will have the opportunity to follow.

USD/JPY
110.85/110.70 support
111.30/111.50 resistance
The United States announced that the second quarter GDP initial results also beat market expectations, bullish dollars, but the yen is still flat. Or the market is observing the policy content of the Bank of Japan's interest rate meeting tomorrow. If the central bank does not intend to tighten the current monetary policy, it will estimate the negative yen.

AUDUSD
0.7375/0.7360 support
0.7420/0.7440 resistance
In the next two days, Australia's economic indicators are still attention. If it grows, it will increase the Australian dollar in the short term. But before the Fed and US job data is released, it must also pay attention to the bearish the Australian dollar. The recent high of 0.7460 and 0.7480 can be used as an important resistance.

NZDUSD
0.6775/0.6760 support
0.6815/0.6830 resistance
The New Zealand dollar trend is often indirectly affected by the Australian dollar and the renminbi. Of course, changes in the dollar's movements have a direct impact on the New Zealand dollar. This week's “Super Week”, the Fed's interest rate and job data that all impact of the development of the New Zealand dollar.

USD/CAD
1.3045/1.3030 support
1.3095/1.3115 resistance
The US announced that the initial value of GDP in the second quarter showed high growth in the US economy and the US dollar rose against the Canadian dollar. US crude oil price adjustments fell, negative for the Canadian dollar. Technically, the trend of the US dollar against the Canadian dollar is on the rise. If the US economic data is strong or the oil price continues to fall, the US dollar against the Canadian dollar will have a chance to rise further, challenging the resistance at the 1.3115.

EUR/GBP
0.8875/0.8860 support
0.8900/0.8920 resistance
After the ECB meeting on interest rates, the euro fell against the pound. Initially, the downward adjustment is completed, and the most important resistance is expected to be 0.8920 or 0.8960.

EURCHF
1.1575/1.1555 support
1.1615/1.1635 resistance
It is expected that the downside target of 1.1575 has been completed and the trend is rising. The short-term euro against the Swiss franc may continue to rebound. Refer to the upper target 1.1615/1.1635 resistance.

XAUUSD
1218/1216 support
1224/1226 resistance
The US announced the initial value of the second quarter GDP shows that the United States still has high growth, bullish dollars, and gold fell. Pay close attention to the performance of the US economic data and the wording or hints of the Fed officials before the interest rate decision. Always, tighten monetary policy and bearish gold.

US crude oil futures:
69.15/69.35 resistance
68.55/68.25 support
Earlier US crude oil inventories decreased, and the results of trade negotiations in North America and Europe and the United States supported oil prices. But remember that many oil-producing countries have indicated that they will consider upgrading their idle capacity and have the opportunity to suppress oil prices. It is recommended to deploy carefully, and the Fed's monetary policy and US production data also affect crude oil price performance.

BTCUSD:
8235 / 8420 resistance
7745 / 7670 support
Before the US job report and Fed’s monetary decisions, it seems supported the fund injections. But keep look forward to 8420 resistance. If not break the resistance, negative for bitcoin.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! 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]

ATFX’s GLOBAL STRATEGY CONFERENCE PROUDLY ANNOUNCING THE DUKE OF EDINBURGH CUP SPONSORSHIP 4 August in Hong Kong

After participating in multiple exhibitions, seminars, events, and successful office openings across the world this year, ATFX recognizes that it is an ideal time to introduce its business, services, and future development to a wider audience. We will invite over 150 people from Europe, China, Taiwan, Malaysia and other countries across the world attended the Global Media Gala Dinner on the 4th of August 2018 to get a glimpse of the latest services and strategic developments from ATFX’s leadership. The event will take place at the Kerry Hotel Hong Kong, which organize as a media gathering in order to present the details of what ATFX plans to do in the future across the world. Moreover, it will present the footprint and milestones of ATFX over the past few years, and how it will create fresh opportunities by embracing the global market.


The theme of its latest event is ATFX’s GLOBAL STRATEGY CONFERENCE where it will announce its sponsorship of the Duke of Edinburgh cup in line with the company’s commitment to the future leaders within its communities. During the event, ATFX will presents its significant milestones achieved and future development plans for expansion, and in the process taking the opportunity to invite media participants from around the world.


If you would like to know more about the event, please visit ATFX’s website.



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

 

[Kelly Yeung]

At 11:00 in the morning, the Bank of Japan’s interest rate decision and post-interest decision. Due to rumors in the market, the Bank of Japan will consider changing the Japanese debt-receiving target policy, which will increase the yield of 10-year government bonds in Japan, and short-sell Japanese government bonds to buy US bonds. However, the dollar remained stable against the yen and remained at 111. It is believed that the market is awaiting the results of the Bank of Japan’s monetary policy.

Of course, the US dollar index is greatly affected by the euro. If the German and Eurozone employment reports and the consumer price index improve in the afternoon, the euro zone's second-quarter GDP over the market expectation, which will support and rising opportunities for the euro. The US dollar index may once again test the support level before 94.05. However, it must be noted that the euro has a low chance to go higher, and it is more difficult for the euro to break through the important resistance of 1.1745 against the dollar.

Canadian dollar investors can pay attention to Canada's GDP performance tonight. In addition, US personal income and expenditure, price index and labor costs are also announced at 20:30, followed by the Chicago Purchasing Managers Index and the Conference Consumer Confidence Index. The above US data will have short-term fluctuations in major currencies and gold.

Today's suggestion:

EURUSD
1.1725/1.1745 resistance
1.1680/1.1660 support
Today, the market is concerned about the German and Eurozone employment reports and the consumer price index and the second quarter GDP of the Eurozone. As the market estimates that European data performance may only meet expectations, the euro's chances revealing. Therefore, it is likely that the euro 1.17 or above may begin to be risky. And 1.1745 is very important resistance of the euro, it is recommended to pay attention to the development of the euro.

GBPUSD
1.3150/1.3170 resistance
1.3080/1.3060 support
The UK M4 money supply slowed down and the consumer confidence index fell slightly. It is expected that the Bank of England will raise interest rates on Thursday and have the opportunity to keep interest rates unchanged, but the market has already estimated that the Bank of England will raise interest rates by 0.25%. In any case, if the final interest rate hike, it is also worth noting that the central bank governor Carney will speak after the meeting to understand the central bank's future monetary policy stance. In addition, the US dollar continued to be supported by the Fed's interest rate decision and the US job market report, the market expects data growth. So it is estimated that 1.3200 will still be bearish GBP.

USDCHF
0.9860/0.9845 support
0.9900/0.9915 resistance
The euro rebounded, bringing the Swiss franc to follow. If the euro zone GDP performance is not good in the afternoon, or the euro reverses,
The dollar has a chance to rebound against the Swiss franc.

USD/JPY
110.85/110.55 support
111.25/111.50 resistance
If the Bank of Japan revise the Japanese debt policy changes as like the rumour, it will raise the ceiling of the debt target, which will cause the yen and the Japanese stock market to fluctuate greatly. Technically, the first focus is on the support of the dollar against the yen at 110.55 and 109.80, and the resistance is at 111.55 and 111.85. On the contrary, the central bank does not intend to tighten the current monetary policy and will estimate to maintain a bearish yen.

AUDUSD
0.7425/0.7440 resistance
0.7375/0.7360 support
The Australian economic indicators data will still be noticed in next coming days. If it shown the economy grows, it will increase the Australian dollar in the short term. But before the Fed and US employment data is released, it must also pay attention to the pressure of the dollar to the Australian dollar. For reference The AUDUSD recent high of 0.7460 and 0.7480 that could be an important resistance.

NZDUSD
0.6835/0.6850 resistance
0.6775/0.6760 support
Focus on the performance of the New Zealand data. Pay attention to 0.6850 as an important resistance in the near future. Be careful to break through the failure and reverse the trend.

USD/CAD
1.3005/1.2980 support
1.3055/1.3075 resistance
The Canadian GDP is announced tonight, and the market is expected to grow, making Canadian dollar strengthened. However, if the GDP below the expected 2.3%, it will be negative for the Canadian dollar. In addition, the strong performance of the US economic data or oil price performance directly affects the trend of the Canadian dollar. Generally, the oil prices will lead the Canadian dollar.

EUR/GBP
0.8930/0.8950 resistance
0.8900/0.8880 support
After the recent European Central Bank meeting on interest rates, the euro against the pound has rebounded. Initially, the downward adjustment is completed, and the most important resistance is expected to be 0.8920 or up to 0.8960. Currently concerned about the resistance at 0.8960. Looking at 0.8930 and 0.8950 in the short term, we also need to pay attention to risk management and stop loss protection.

EURCHF
1.1555/1.1545 support
1.1585/1.1605 resistance
The euro has a chance to double-button support against the Swiss franc, and the technical oscillator has a divergence. It is estimated that the euro against the Swiss franc is waiting to rebound. If the EURCHF rebound , the short-term resistance is 1.1585/1.1605 for reference.

XAUUSD
1219/1217 support
1224/1226 resistance
The commodities market is watching the US employment data ADP and the Fed's interest rate decision. In time, ADP is more noticed. Under the estimated that gold will rise and fall in a narrow range.

US crude oil futures:
70.55/70.85 resistance
69.55/69.25 support
The US sanctions against Iran have warmed up, Iran’s crude oil exports have been banned, and the supply of crude oil has been reduced, leading to an increase in oil prices. Moreover, it is estimated that APl crude oil inventories may also decrease, and oil prices still have room to rise. But whether the trend can break through 70.55 and 70.85, it is necessary to wait for the amount of crude oil inventories. Attention must now be paid to risk management.

BTCUSD:
8235 / 8420 resistance
7745 / 7670 support
Before the US job report and Fed’s monetary decisions, it seems supported the bitcoin and keep look forward to 8420 resistance. If these important US data cannot break the resistance, it will be negative for bitcoin.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! 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]

Julian Courtney, a Chartered Accountant with over two decades of financial service experience, is set to join ATFX’s Board of Directors as a non-executive director. He currently works as an independent Compliance consultant, and sits on the board of another FCA regulated broker.

Mr. Courtney’s role within the company will involve oversight and independent advice to the Board on matters related to finance, compliance, and governance, a crucial role given the rapid expansion of ATFX around the world. A leading online global trading company, the ATFX group has entities regulated by CySEC and FSRA among others. It’s UK entity, AT Global Markets, was set up in 2015. In terms of ATFX UK leadership, Mr. Courtney is set to join its CEO, Richard Craddock, who is the former Chief Trader at MF Global.

Mr. Richard Craddock states, “ATFX looks forward to Julian leading the company to establish a strong footprint in the Europe. The company has already created a niche for itself in Europe, with its cutting edge online trading platform and excellence in customer support. ATFX believes that Julian is the right person in this position, given he has more than a decade of experience in the financial arena.”

Prior to working with ATFX, he has held positions as the Global Head of Compliance & Legal at EDF Man, the Chief Operating Officer at Aviate Global, and the Global Head of Compliance and Legal at Marex Spectron.

Mr. Courtney has been a member of the FCA Commodities Steering Group and the Compliance and Anti-Money Laundering Committees of the UK Futures and Options Association (FOA). He has extensive knowledge of MiFID I & II, FCA, CFTC, NFA, DFSA, SFC, and BaFin regulations.


“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]

The established online trading brokerage continues to concentrate its efforts on Southeast Asia, including countries such as Taiwan, Thailand, Malaysia, the Philippines, and Vietnam. And following a successive start to 2018 that included hosting seminarsacross the region, ATFX has continued its principled commitment of educating its traders and IBs by conducting a series of seminars in Southeast Asia. The sessions are free and educate its participants about alternative investment options and how to go about putting that knowledge into practice.


ATFX’s first seminar in Vietnam was held on the 22 of July and was exclusively tailored to both new and veteran trader and IBs, where close to 15 traders and IBs – attended.Mr. Jason Tee, ATFX’s Southeast Business Development Manager, discussed matters crucial to the IB business realm including how to operate a successful IB business with a global partner that is highly established in Southeast Asia, market opportunities in multi-asset trading, and strategic partnerships.


Mr. Martin Lam, ATFX’s Chief Analyst for the Asia Pacific region, who has over 18 years of experience in the FX market.His topic was titled “Learn the basics of risk management and how to apply into your trading plan”. This topic was of an introductory nature, explaining the FX market, avoiding the usual pitfalls that could lead to losses with effective risk management tools, and the latest market trends.


Mr. Van Cong An, Sales Manager of Vietnam officealso discussed at the seminar was the importance of B2B partnerships across the Southeast Asia region,and how brokerages can support large-scale IBs and introduce the latest promotion program which is tailor-made for IBs.


ATFX received much positive feedback from the traders and IBs and the expanding network built with them. One of the IBs stated that “It’s Excellent, it gave me a greater understanding of how to be a good IB partner and work with their business. I would definitely recommend ATFX’s seminar.”


The recent series of seminars are in line with ATFX’s belief that such training will provide traders and IBs with enough knowledge to make proper decisions, and increase their skill sets such that overcoming any hurdles in trading the financial markets will be done with greater ease. The leading financial company is set to continue holding regular seminars for the remainder of 2018.


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 Partner SmarTrade Promotes Environmental Awareness Protection, Sponsors Philippines Tree Planting Event

In the face of climate change, ATFX’s partner SmarTrade Philippines have been promoting and participating in environmental awareness, with its latest action sponsoring the “I Shine Tree Planting Project” held on Saturday, 28th of July 2018 in the Philippines. This event was organized by Sonshine Media Network International (SMNI) in partnership with Sonshine Philippines Movement (SPM). It is the one of the largest annual tree planting events in the country and aims to promote a greener Philippines while raising public awareness on environmental protection and tree preservation.


Apart from being the major sponsor of the event, SmarTrade Philippines also gathered over 200 volunteers to participate in this meaningful event, comprising primarily of its staff, clients, IBs aiding alongside volunteers of various government departments, organizations and companies to take part in planting tree seedlings. Under the guidance of the organizer’s staff, volunteers planted 2000 tree seedlings of various species at the assigned tree planting area in Arayat, Pampanga, Philippines.


The financial company demonstrates continuous efforts in implementing corporate sustainability while maintaining long-term business growth. ATFX and SmarTrade Philippines strives to save energy and reduce carbon emissions by enhancing the energy efficiency of its office in the world and promoting the use in office, as well as encouraging its staff and community to participate in environmental activities and voluntary services.


A representative of SmarTrade Philippines stated that, “We are delighted to support I Shine Tree Planting Project this year. This activity raised environmental awareness among our staff, clients and IBs and provided them with a hands-on opportunity to fight against climate change by planting more new trees. Looking ahead, we will continue to strengthen our efforts towards environmental management and integrate initiatives across our business to contribute to the development of a greener community in Philippines.”


One of the organizers added, “This project has become the one of a major tree planting event in Philippines. Over the years, it has successfully encouraged public involvement in making the Philippines greener and enhanced awareness of nature and tree preservation. We would like to express our sincere appreciation for the support of SmarTrade Philippines this year and wish more people from the community will participate in our future events.”


In the future, SmarTrade Philippines will not only provide financial seminars to educate its clients and IBs, but also hopes to organize more charity events across Asia, pursuing its vision and mission to protect the environment as part of its corporate social responsibility. We believes planting trees should become every individual’s way of life to save the environment and restore the world to its natural beauty.


SmarTrade sponsored by ATFX


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]

The Fed remained interest rates unchanged, the benchmark interest rate of 1.75-2%. The Fed maintains its economic outlook and reiterates its support for a interest rate hike. The market expects the Fed to raise interest rates next month and raise another interest rate in December.

The number of ADP employment in the United States has risen, and the growth rate is far higher than market expectations. The market expects that the US non-farm payrolls will increase on Friday and the unemployment rate will fall. The only market focus is on the average hourly wages announced that night.

Tonight, the Bank of England announced the interest rate decision, the market generally expects to raise interest rates, the target rate rose to 0.75%. It is a pity that after the UK raises interest rates, whether the pound can continue to rise is still in doubt. Coupled with the strong economic growth in the United States, there are also interest rate hike expectations, limiting the upward momentum of the pound.

The US government has imposed conditions on China's trade negotiations. It plans to implement a new round of trade tariffs at the end of August. It will increase its US$200 billion into US goods, from the original plan of 10% to 25%. The Sino-US trade war has once again entered a deadlock. The offshore RMB exchange rate is under pressure in the short term. Keep an eye on the latest developments. That will be affected global economy and stock markets.

Today's suggestion:

EURUSD
1.1685/1.1700 resistance
1.1645/1.1620 support
US ADP employment data growth in July, and it is expected that US non-farm payrolls data will perform better on Friday. The dollar is strong, and Europe and the United States are bearish. On the eve of the announcement of non-farm job data, EURUSD will continue to downward.

GBPUSD
1.3140/1.3165 resistance
1.3070/1.3045 support
Although the Bank of England has a interest rate, it is widely believed that the central bank will raise interest rates. However, the UK's economic performance is not strong. The interest rate hike may be only short-lived, and it is more likely to affect economic growth. On the eve of the expected non-farm job data, the US dollar remains on the downside. If the pound rebounds, pay attention to the downside risk.

USDCHF
0.9905/0.9885 support
0.9935/0.9955 resistance
The trend of Swiss francs has developed with Europe and the United States. On the eve of the announcement of non-farm job data, Europe and the United States will continue to move downward. The Swiss franc also fell, and the US and Switzerland will develop an upward trend.

USD/JPY
111.55/111.40 support
112.05/112.20 resistance
The US and Japanese stock markets fell, the US and Japan downward. It is believed that the current stock market changes are more likely to affect the fluctuation of the dollar against the yen.

AUDUSD
0.7405/0.7420 resistance
0.7385/0.7370 support
Before the Fed’s interest rate and US employment data were released, the US dollar strengthened and the Australian dollar fell. The Fed’s hawkish stance, the Australian dollar will be further bearish . On the eve of the announcement of non-farm job data, AUDUSD maintained a downward.

NZDUSD
0.6795/0.6805 resistance
0.6775/0.6760 support
The US dollar has performed strongly, and the New Zealand dollar has the opportunity to try lower support. On the eve of the announcement of non-farm job data, New Zealand maintained a downward.

USD/CAD
1.3005/1.2990 support
1.3050/1.3065 resistance
The oil price rebounded at $67, which is good for the Canadian dollar. However, on the eve of the release of non-farm job data, the US dollar was strong and bearish for the Canadian dollar. It is estimated that the USD/CAD will develop an upward.

EUR/GBP
0.8910/0.8930 resistance
0.8880/0.8870 support
The euro is adjusted against the pound. At present, attention is paid to support at 0.8880, and attention should also be paid to risk management and stop loss protection. Waiting for the technical rebound of the pound.

EURCHF
1.1560/1.1550 support
1.1595/1.1605 resistance
The euro has double bottom support against the Swiss franc, and the technical oscillator has a divergence. It is estimated that the euro against the Swiss franc is waiting to rebound. If the rebound can refer to the upper target 1.1615/1.1635 resistance. The short-term resistance is 1.1595/1.1605.

XAUUSD
1219/1217 support
1223/1225 resistance
The Fed’s interest rate decision remained the interest rate unchanged, which is bullish for gold. However, the US job market is improving, limiting the increase in gold. On the eve of the announcement of non-farm job data, gold maintained a downward.

US crude oil futures:
69.05/69.85 resistance
67.25/67.05 support
The market digested the news that US A crude oil inventories increased, and oil prices rebounded. Now the US job market forecasts are strong, it will bullish the oil prices.

BTCUSD:
7670 / 7745 resistance
7225 / 7070 support
Failed to 8420 resistance, the trend reversed. The market concern the Fed’s monetary policy. The FOMC hawkish remarks now bearish the crypto currencies.

The above is for reference only; the market is risky and investment needs to be cautious. Trading must included risk management! 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.
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.