ATFX Press Releases - 2018

[Kelly Yeung]

The Bank of England raised interest rates by 0.25% according to the original plan and the target rate rose to 0.75%. However, after the Bank of England raised interest rates, it did not bring any advantages to the pound. After the central bank announced a rate hike, the pound continued to fall. The focus is on the market's interest rate hikes for the Fed and the US employment growth forecast to curb the trend of the pound. In addition to the fall in the pound, the dollar is strong, and the worldwide major currencies and emerging currencies have fallen. Gold and silver, as well as commodity prices and industrial metal prices generally fell. Money flows to US dollar assets, including the US stock market and bond market.

The strength of the US dollar is due to the global market's attention to the US job data and trade accounts results for July tonight. Investors are concerned about risks and the flow of funds to the US dollar. If the US non-farm payrolls and average wages in July only met or were close to market expectations, the trade account did not change much, causing the dollar to fall. The market may be adjusted and the current trend were reversed.

Today's suggestion:

EURUSD
1.1575/1.1550 support
1.1625/1.1640 resistance
Recently, the US ADP employment data growth in July, the US non-farm payrolls data is expected better perform. The dollar is strong, and EURUSD downward. On the eve of the announcement of the US job data, EURUSD will continue to downward. However, we can pay attention to the number of non-farm payroll and average wages in July. If it is close to market expectations, the US dollar will fall, and EURUSD may rebound.

GBPUSD
1.2985/1.2960 support
1.3040/1.3065 resistance
As suggested yesterday, the market generally believes that the Bank of England raises interest rates. However, the UK's economic performance is not strong. The interest rate hike may be only short-lived. It is more likely to affect economic growth, and it will be negative for the pound. In the end, the pound will fall by a hundred pips. It is currently expected that the US job data will be released on the eve of the announcement. Concerned about the number of non-farm payroll and average wages in July, if only close to market expectations, the dollar will fall, and the pound may rebound.

USDCHF
0.9925/0.9910 support
0.9975/0.9990 resistance
On the eve of the announcement of non-farm payroll and job report data, European currencies will continue to move downward. The Swiss franc also fell, it means USDCHF upward trend. Concerned about the number of non-farm payroll and average wages in July, if only close to market expectations, the dollar will fall.

USD/JPY
111.35/111.20 support
111.85/112.05 resistance
The volatility of the US and Japanese stock markets has brought about changes in the US and Japan. It is believed that the current stock market changes are more likely to affect the USD/JPY trend and investment sentiment fluctuations. Concerned about the number of non-farm payroll and average wages in July, if only close to market expectations, the stock market fell, the USDJPY may fall.

AUDUSD
0.7385/0.7405 resistance
0.7325/0.7300 support
It is expected that the number of non-farm payroll in the United States will increase to more than 220,000 in July, and the unemployment rate will fall. If the average salary in the United States in July is further higher than 0.3%, the inflation expectations in the United States will heat up, which will the bearish on AUD. if AUDUSD fall below 0.7355, it will test 0.7325. However, it must be noted that if the non-farm payrolls and average wages in July are only close to market expectations, the strength of the US dollar may reverse and Australia and the US have the opportunity to rebound.

NZDUSD
0.6745/0.6760 resistance
0.6715/0.6690 support
It is expected that the number of non-farm payroll in the United States will increase to more than 220,000 in July, and the unemployment rate will fall. If the average salary in the United States in July is further higher than 0.3%, the inflation expectations in the United States will heat up, which will the bearish on NZD and expected to fall below 0.6760 and will test 0.6715. If the non-farm payrolls and average wages in July are only close to market expectations, the strength of the US dollar may reverse and NZD will have a chance to rebound.

USD/CAD
1.3005/1.2990 support
1.3050/1.3065 resistance
The oil price rebounded and the trend was positive for the Canadian dollar. However, on the eve of the release of job data reports tonight, the US dollar was strong and the short-term bearish Canadian dollar. If the number of non-farm payrolls and average wages in July are only close to market expectations, the strength of the US dollar may reverse and the US and Canada will have a chance to rebound. But we must also pay attention to changes in oil prices.

EUR/GBP
0.8935/0.8945 resistance
0.8875/0.8860 support
During the UK's interest rate decision, EUR/GBP fluctuated. Short-term the market focus on the US job report, while the job data announced fluctuations, it is recommended to focus on 0.8875 support and 0.8935, also need to pay attention to risk management and stop loss protection.

EURCHF
1.1520/1.1505 support
1.1555/1.1570 resistance
The euro has double bottom support against the Swiss franc, and the technical oscillator has a serious divergence. It is estimated that the euro against the Swiss franc is waiting to rebound. Keep an eye out for fluctuations in the US employment report at night.

XAUUSD
1202/1198 support
1213/1217 resistance
The Fed’s interest rate keeps interest rates unchanged, which is positive for gold. It is only the expectation of growth in the US job market, limiting the increase in gold. On the eve of the announcement of non-farm payroll data, gold maintained a downward trend. If the number of non-farm payrolls and average wages in July are only close to market expectations, the dollar may reverse to go downward, then gold and silver prices will have a chance to rebound.

US crude oil futures:
69.55/69.85 resistance
68.25/68.05 support
The market further digested the news of the increase in US crude oil inventories. On the contrary, it worried that Iran’s sanctions would go out and the supply of crude oil would decrease, stimulating the rebound in oil prices. If the US job market maintains strong growth, it will further benefit oil prices. If the number of non-farm payroll and average wages in July are only close to market expectations, oil prices may be dropped. If US job market strong, it will bullish the oil prices.

BTCUSD:
7570 / 7645 resistance
7225 / 7070 support
FOMC hawkish remarks, it could bearish the crypto currencies. US government regulations would like to block chain providers disclosure users identification, it could be affected 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.

 

[IrwanI]

I'am Malaysian,I will try ATFX soon.

 

[IrwanI]

Good info

 

[Kelly Yeung]

The US non-farm payroll population reported 157,000 in July, a sharp drop from the previous month's 213,000 and the expected 190,000. The data disappointed the market and caused the dollar to fall. Fortunately, the US unemployment rate fell back to 3.9%, the average wage was in line with expectations, and the dollar investment sentiment returned. At the beginning of this week, there was no important US data released. It is expected that the market focus will shift to other countries' economic data at the beginning of the week, and their performance will be observed.

The strength of the US dollar is due to the global market's attention to the US employment data and trade accounts results for July. However, with the non-farm payroll and average wages in the United States in July, only in line with market expectations, the trade account has not changed much, which has made the dollar stronger. The US dollar may adjust at the beginning of the week, US dollar could be adjusted, it could supported other currencies against dollar and gold may rebound, but oil prices have the opportunity to adjust to the decline.

Today's suggestion:

EURUSD
1.1555/1.1540 support
1.1595/1.1610 resistance
The US non-farm payrolls data showed disappointing market and recorded a three-month decline. If the lack of other bullish dollar factors is added, the strength of the dollar may ease. The market expects the performance of economic data in Germany and the Eurozone in the afternoon to be concerned. If the performance is improved, it is expected to positive to EURUSD.

GBPUSD
1.2985/1.2970 support
1.3035/1.3050 resistance
The US job data showed disappointing market, and the non farm payroll recorded a three-month decline for the third consecutive month. The strength of the US dollar may temporarily slow down, allowing the pound to increase its chances of rising. If the economic data of Germany and the Eurozone progress in the afternoon, it is expected that the Europe will indirectly boost the pound. The market is also concerned about the UK housing price index tomorrow. If the market optimism rises, it is expected to challenge the key resistance of 1.3050.

USDCHF
0.9950/0.9970 resistance
0.9925/0.9905 support
This week, led by European data, the Swiss franc will develop with EURUSD. As the US non-farm payrolls data disappointed the market and recorded a three-month decline, the dollar's strength may temporarily slow down, the dollar fell, and the Swiss franc was bullish. Technically, USDCHF is likely to fall further, challenging the 0.9900 or 0.9880 below.

USD/JPY
111.05/110.90 support
111.45/111.60 resistance
The US and Japan spreads have not widened, and the yen has taken the opportunity to rebound. This week, Japan released a lot of important data. According to Japan's second-quarter GDP annual rate data, the market predicts that Japan's second-quarter GDP will get rid of negative growth in the past two quarters, leading to positive growth. If Japan's GDP is released before the other data performance can beat market expectations, it will help the yen maintain its recent strength. Technically, the dollar has remained below 111.45 against the yen for a short period of time, and the target below still has a chance to challenge 110.75. But at the same time, we must pay attention to the changes in the US Dow and Japan's Nikkei, affecting the yen’s trend.

AUDUSD
0.7385/0.7375 support
0.7410/0.7420 resistance
The US non-farm payrolls in July made the market disappointing, while US inflation expectations cooled, and AUDUSD got a chance to rebound. In addition, Australia will announce the construction industry and consumer confidence index respectively, as well as the Australian Reserve Bank's interest rate in the market. Although the market has not expected interest rate and policy changes, it must pay attention to the contents of the statement after the central bank's interest rate decision, or affect the trend of AUDUSD.

NZDUSD
0.6745/0.6760 resistance
0.6715/0.6690 support
The US non-farm payrolls in July made the market disappointing, while US inflation expectations cooled, and NZDUSD got a chance to rebound. In addition, the Reserve Bank of New Zealand on Thursday will have interest rates decision. Although the market has not expected changes in monetary policy, it must pay attention to the contents of the statements after the central banks have decided on interest rates for future, which will affect the future trend of New Zealand dollar. It is expected that the short-term New Zealand central bank will continue to positive.

USD/CAD
1.3025/1.3045 resistance
1.2975/1.2960 support
The rebound in oil prices is expected to benefit the Canadian dollar. Coupled with the disappointment of non-farm payroll in the United States in July, the short-term trend of the US dollar weakened and there is a chance to further positive for the Canadian dollar. But we must pay attention to the change in oil prices at any time. If it falls, it will be negative for the Canadian dollar.

EURGBP
0.8885/0.8870 support
0.8910/0.8920 resistance
The US job market report disappointed the market. It is expected that EURUSD will benefit from further expansion. The bullish euro against the pound is recommended to focus on 0.8885 support and 0.8920 resistance volatility, while paying attention to risk management to stop loss protection and waiting for the technical rebound of the euro against the pound.

EURCHF
1.1490/1.1480 support
1.1515/1.1530 resistance
EURCHF test the double bottom failed, but the technical oscillation indicator showed a serious divergence. Waiting for the 6925 / 6670 rebound.

XAUUSD
1215/1212 support
1220/1223 resistance
The number of US non-farm payroll fell for three consecutive months in July, the dollar seems fell continued, and gold and silver prices rebounded respectively. It is expected that there will be no important data released in the short-term US, and the price of gold will continue to increase. Special attention to gold, if the breakthrough of US1224, the trend has the opportunity to challenge the resistance of US1230 and US1233.

US crude oil futures:
69.30/69.65 resistance
68.05/67.85 support
Iran’s sanctions have led to a decline in crude oil supply, which continues to stimulate oil prices to rebound. However, the continued slowdown in the US job market may hinder the development of oil prices. Pay close attention to the oil price of US69.30 and US69.65 resistance. If the breakthrough fails, adjustments may occur.

BTCUSD:
7205 / 7485 resistance
6925 / 6670 support
During the weekend, the Bitcoin gap down reach US6936. The trend seems downward. By technically, the price under US7205 and US7485 resistance that could reach further lower. Close support US6925 and US6670. If break, next important support as US6025.

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.

 

[Kelly Yeung]

The Reserve Bank of Australia is meeting interest today. According to Australia's two months, Australia's job market has improved significantly and the construction industry has grown. The growth of the consumer market has led to a significant increase in retail sales and trade accounts, with Australia's CP1 rising to 2.1% in the second quarter. The above factors, no doubt the Reserve Bank of Australia may consider raising the current target interest rate by another 0.25% to the target interest rate of 1.75%. If the Reserve Bank of Australia intends to raise interest rates or suddenly raise interest rates, it is believed that it is expected to boost the Australian dollar, which indirectly will benefit the New Zealand dollar. Technically, the Australian dollar rebounded from a high of 0.7440 to 0.7347 and rebounded by 50%, which is close to around 0.7400. I believe investors are ready to do both. If the Reserve Bank of Australia vetoes the rate hike, the Australian dollar and the New Zealand dollar will have a chance to fall.

Earlier, Bank of England Governor Carney and British Trade Minister Fokker said that there was no European Union retreat agreement. The market was worried about the "hard Brexit", which aggravated the risk of falling pounds. The news also dragged down the euro. If the UK and the EU do not have any positive response, It will believe that the currencies of the two countries GBP and EUR will continue to be bearish.

Today's suggestion:

EURUSD
1.1525/1.1505 support
1.1580/1.1600 resistance
As mentioned above, the euro fell, the key is that there is no exit agreement between the UK and the EU. The news dragged down the prospects of the two countries and believed that the short-term impact plagued the euro. In the afternoon, the performance of German trade accounts and current account data, if the data has greatly improved, it is expected to bullish EURUSD . On the contrary, the euro is negative. Technical analysis focuses on the resistance of 1.1580 and 1.1600. If it fails to break through, EURUSD maintain a downward trend.

GBPUSD
1.2915/1.2890 support
1.2965/1.2985 resistance
The Bank of England Governor and Trade Minister respectively said that there is no Brexit agreement between the UK and the EU, and the news dragged down the prospects of the two countries. Short-term attention to the performance of the German trade account and current account data in the afternoon and the UK house price index. If the data rises sharply, it is expected to be more bullish. On the contrary, it is bad. The technical analysis focuses on the resistance of 1.2965 and 1.2985. If it fails to break through, the pound will maintain a downward trend.

USDCHF
0.9980/1.0000 resistance
0.9950/0.9935 support
It is expected that the Swiss franc will be dominated by the euro at the beginning of this week. The fall in the euro has indirectly made the dollar stronger, changing the market's expectations for the Swiss franc. It is recommended to pay attention to the development of EUR.

USD/JPY
111.15/110.90 support
111.45/111.60 resistance
Japanese household spending and income have increased substantially, and the yen has benefited. In the afternoon, Japan announced leading indicators and simultaneous indicators, which are expected to be bullish for the yen before the announcement. If the data improves, it will help maintain the market forecast that Japan's second-quarter GDP will get rid of the negative growth in the past two quarters, leading to positive growth. Technically, the dollar has remained below 111.45 against the yen for a short period of time, and the target below still has a chance to challenge 110.75 support. Short-term support targets as 111.15 and 110.90.

AUDUSD
0.7385/0.7375 support
0.7410/0.7420 resistance
The Australian Reserve Bank’s interest rate decision and statement. Although the market has not expected interest rate and policy changes, it must pay attention to the contents of the statement after the central bank's interest rate decision, or affect the trend of AUDUSD.

NZDUSD
0.6745/0.6760 resistance
0.6715/0.6690 support
Concerned about the results of the Reserve Bank of Australia's interest rate decision and statement, the AUDUSD trends will indirectly affect New Zealand dollar.

USDCAD
1.3025/1.3045 resistance
1.2975/1.2960 support
The Canada Purchasing Managers Index attention. The results will affect short-term Canadian dollar performance, or affect Canadian employment data expectations. In addition, don't forget to pay attention to the impact of oil prices on the Canadian dollar.

EURGBP
0.8920/0.8900 support
0.8945/0.8955 resistance
The euro rebounded against the pound. Yesterday, the euro rebounded against the pound in support of the 0.8885 support, which has already broken through 0.8920. The euro is a technical rebound against the pound, and the continuity remains to be seen. It is recommended to add stop loss protection and pay attention to whether the resistance of 0.8955 can be broken and continue the uptrend.

EURCHF
1.1510/1.1505 support
1.1540/1.1550 resistance
Earlier assessment of the euro against the Swiss franc challenged the double bottom, has failed, but the technical oscillation indicators show a serious divergence, the euro against the Swiss franc finally officially rebounded. Currently, the resistance of 1.1540 and 1.1550 is being tested. If the resistance is successfully broken, it is expected to continue the uptrend. However, a stop loss must be set for protection.

XAUUSD
1210/1213 resistance
1204/1202 support
The European and American stock markets rebounded, and the gold market funds turned to the stock market, and the price of gold was bearish. The market expects US CPI data to grow, funds flow to the stock market and US dollar assets, and the price of gold may further continue its downward trend. Technically, in the hourly chart, the price of gold continued to decline in the 20-hours moving average. If it further fell below the previous low of $1,204, it would have the opportunity to test $1,200. Pay close attention to the changes in the US Dow and the impact on the gold trend.

US crude oil futures:
69.30/69.65 resistance
68.05/67.85 support
The United States forced countries to impose sanctions on Iran, leading to a reduction in crude oil supply, and oil prices have rebounded. However, the trade war still plagued the market demand for crude oil. Before the crude oil inventory results were announced, it seemed the development of oil prices. Continue to pay close attention to the oil price of 69.30 and 69.65 resistance, if breakthrough failure, oil prices may continue to adjust to 68 to 67 US dollars.

BTCUSD:
6925 / 7205 resistance
6725 / 6649 support
During the weekend, the Bitcoin gap down reach US6936. The trend seems downward. By technically, the price under US7205 and US7485 resistance that could reach further lower. Now the update resistance will be US6925. If not bounced back, the trends could be downward.

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.

 

[Kelly Yeung]

The Sino-US trade war has occurred since the beginning of July. The current data shows that China’s foreign exchange reserves have not affected. The market is waiting to see China's July trade account changes in the day, if the July trade account fell more than the market expectation of 227 billion US dollars, the trade account in the dollar is less than 38 billion US dollars, and exports are seriously slowed down. It proves that the Sino-US trade war has a very serious impact on China's trade and directly affects the impact of China's consumer price expectations on Thursday. It is recommended to wait and see the impact of relevant data on the RMB. If the trade is good, the renminbi can stop short-term decline. It could affect other Asia Pacific currencies. JPY, AUD and NZD will more directly effect.

The Reserve Bank of Australia decided that interest rates will remain unchanged in August, which is 1.5% for 24 consecutive months. The Reserve Bank of Australia said that the business environment is positive, but the main economic expectations for Australia remain unchanged. It is expected that inflation will improve next year and 2020. The main consumer price level in 2018 is still slightly below 1.75%. It is even expected that Australia's third quarter is expected to be weak. . It can be seen that Australia still needs to wait until the consumer price level is higher than 1.75% before considering raising interest rates. At present, most traders estimate that the Reserve Bank of Australia will consider raising interest rates only when the consumer price level rises above 1.75% early next year.

Based on past historical projections, it is expected that the New Zealand Reserve Bank's monetary policy will basically be in line with the Reserve Bank of Australia's monetary policy on Thursday, and will only consider raising interest rates after further inflation. The interest rate hike is expected to heat up in September, and the US dollar will reappear. The Australian dollar and New Zealand dollar will have a chance to fall further. Technically, the important resistance of the AUDUSD is expected to be 0.7440 and 0.7460. The important resistance of the NZDUSD is 0.6780. After the results of the US consumer price index on Friday, we will forecast the development of the US dollar against other currencies.

Today's suggestion:

EURUSD
1.1620/1.1638 resistance
1.1585/1.1570 support
Yesterday, the German trade account and current account data showed strong growth, and as expected, it will be bullish in EUR. Technical analysis is concerned that the resistance of 1.1580 and 1.1600 has broken through, and the trend in EURUSD may change. However, the performance of the US data in the next two days may curb the euro's rise and be careful about adjustments in EUR. Note the important resistances of 1.1620 and 1.1638.

GBPUSD
1.2965/1.2985 resistance
1.2915/1.2890 support
The trend of the euro and the pound is often matched. Unfortunately, the recent Brexit issue between the UK and the EU has directly affected the pound, and the pound is weak again. Technical analysis is concerned that the resistance of 1.2965 and 1.2985 remains unchanged. If it fails to break through, the pound will maintain a downward trend.

USDCHF
0.9960/0.9980 resistance
0.9930/0.9910 support
It is expected that the Swiss franc will be dominated by the euro at the beginning of this week. If the euro falls, it will indirectly make the dollar strong and change the market's expectation for the Swiss franc. It is recommended to pay attention to the development of EURUSD. It seems that German economic data showed growth yesterday, the euro rose, and the USDCHF fell.

USD/JPY
111.15/110.90 support
111.45/111.60 resistance
Japan’s trade deficit in June improved sharply to a surplus of $820.5 billion, but the current account and bank loan rates fell. However, Japan’s second-quarter GDP, which is forecast to be released on Friday, will be free from negative growth in the past two quarters, leading to positive growth. Technically, the dollar is expected to remain below 111.45 against the yen in the short term, and the target below still has a chance to challenge 110.75. Short-term support is supported by targets 111.15 and 110.90.

AUDUSD
0.7440/0.7455 resistance
0.7415/0.7395 support
The Reserve Bank of Australia's interest rate decision and statement, interest rates remain unchanged, the central bank's speech affected AUD. Short-term trends must keep eye on economic data in China and the United States.

NZDUSD
0.6745/0.6760 resistance
0.6725/0.6710 support
The Reserve Bank of Australia's interest rate decision and statement, interest rates remain unchanged. The Reserve Bank of New Zealand may repeated the same on Thursday, noting that the overall risk of the New Zealand dollar is falling. Short-term trends must keeping eye on the economic data of China and the US data and lead the NZD trend change.

USD/CAD
1.3075/1.3090 resistance
1.3025/1.3000 support
The Canadian Purchasing Managers Index is much lower than market expectations. The results affect the Canadian dollar's decline, or will continue to affect Canadian job data expectations. In addition, don't forget to pay attention to the impact of oil prices on the Canadian dollar. There may still be opportunities to break the 1.3075 and 1.3090 resistance in the short term. Stop loss must be applied .

EUR/GBP
0.8965/0.8950 support
0.8975/0.8990 resistance
The euro continued to rebound against the pound, and the UK may "hardly leave Europe", affecting the pound, and the euro rebounded against the pound. Since the break of the resistance of 0.8920 a few days ago, the euro has maintained a technical rebound against the pound, and continued to continue to observe. It is recommended to put stop loss protection and pay attention to the high resistance of 0.9080 in the second half of 2017.

EURCHF
1.1530/1.1515 support
1.1575/1.1585 resistance
Earlier evaluation of the euro against the Swiss franc challenged the double bottom rebound, eventually becoming a V-shaped rebound. Refer by the technical oscillation index seriously divergence, the EURCHF has reached the resistance of the rebound of 1.1550, if it succeeds in breaking the resistance, it is expected to continue the rise. However, a stop loss must be applied .

XAUUSD
1216/1218 resistance
1208/1206 support
The European and American stock markets have been doing well for several days, and the gold market funds have turned to the stock market, and the price of gold has been under pressure. The market expects the US CPl data to grow, the flow of funds to the stock market and the US dollar assets have a chance to continue. Before the data announcement, the gold price trend still has a chance to go down. Pay close attention to the changes in the performance of the US Dow and international stock markets in short term, and the flow of funds has a greater impact on the trend of gold.

US crude oil futures:
69.65/69.95 resistance
68.85/68.25 support
The United States officially launched sanctions against Iran, resulting in a slight tension in crude oil supply, and oil prices have rebounded. However, the results of US crude oil inventories have continued to decrease, but gasoline and refined oil have increased substantially, representing a decline in consumption and curbing the rise in oil prices. In the evening, there will be another ElA report. At present, we will continue to pay close attention to the oil price of 69.65 and 69.95. If the breakthrough fails, the oil price may continue to adjust to 68 to 67 US dollars.

BTCUSD:
6650 / 6800 resistance
6375 / 6067 support
During the weekend, the Bitcoin gap down until now the price going down further. The trend seems unchanged and keep downward. According Fibonacci, the reverse 85.2% as 6375, and last rebound starting point as 6067. These numbers may help to forecast the support levels.

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.

 

[Kelly Yeung]

The Reserve Bank of New Zealand’s interest rate and after the meeting stated that the central bank kept interest rates unchanged and the monetary policy content was similar to that of the Reserve Bank of Australia. Also based on inflation prospects and uncertainty in the job market, it is possible to keep interest rates unchanged for a longer period of time. After the announcement of the New York interest rate meeting, the New Zealand dollar fell below the 0.6720 support bottom and is challenging the support below. The short-term New Zealand dollar performance may disappoint investors, but the New Zealand dollar is still paying attention to the US economic data performance and the US dollar interest rate outlook. The United States sought partial answers in the initial jobless claims last week and the US July consumer price index results. Tomorrow, Japan and the United Kingdom announced their gross domestic product, Canada announced employment data, and most importantly, the United States announced inflation data such as consumer price index and real income. Investors remain concerned.

The United States has implemented a 25% tariff on imports of goods worth $16 billion from China on August 23. Market precautions, anxiety increased, RMB pressure increased, and offshore RMB once approached 6.84. If China's July consumer price index shows a large decline in the day, I believe that the RMB depreciation space will likely expand.

Regardless of the earlier PBOC’s stated depreciation of the renminbi, the establishment of 7 as a boundary, but the Chinese economy is facing more and more challenges, the government and enterprises face the economic risks in the second half of the year. If the Sino-US trade war has not improved, the Fed is planning to raise interest rates in September. A multifaceted factor, the current offshore RMB exchange rate has the opportunity to return to the recent bottom line of 6.91.

Today's suggestion:

EURUSD
1.1620/1.1638 resistance
1.1585/1.1570 support
A few days ago, the German trade account and current account data showed strong growth, and it was bullish in Europe and America. Technically continue to focus on the important resistance of 1.1620 and 1.1638. The US inflation data will be released soon, and the market is waiting to see the performance of the data, directly affecting the euro.

GBPUSD
1.2915/1.2935 resistance
1.2835/1.2805 support
The Brexit issue between the United Kingdom and the European Union directly affects the pound, and the weakness of the pound is once again revealed. Pound US maintains a downward trend, but the market generally expects UK GDP growth tomorrow, short-term gains and pounds.

USDCHF
0.9960/0.9980 resistance
0.9930/0.9910 support
This week, the euro maintained the dominant Swiss franc development. If the euro falls, it will indirectly make the dollar strong and change the Swiss franc. It is recommended to pay attention to the development of Europe and the United States to help analyze the trend of the US and Switzerland. It seems that German economic data has shown growth, the euro has risen, and the US and China have fallen.

USD/JPY
110.75/110.50 support
111.05/111.25 resistance
Japan's M2 currency and foreign bonds increased, and machinery orders far exceeded market expectations, with a bullish yen. It is predicted that Japan’s second-quarter GDP announced tomorrow will be free from negative growth in the past two quarters, leading to positive growth. Technically, the dollar is expected to remain below 111.45 against the yen in the short term, and the target below still has a chance to challenge 110.75. If you break 110.75, look at the support at all levels below.

AUDUSD
0.7440/0.7455 resistance
0.7415/0.7395 support
The Reserve Bank of Australia's interest rate decision and statement, interest rates remain unchanged, the central bank's pigeons speech also indirectly affects Australia and the United States. Short-term trends must pay attention to changes in economic data in China and the United States. Technically, Australia and the United States have doubled their tops. If they break through 0.7415, they have the opportunity to keep falling.

NZDUSD
0.6745/0.6760 resistance
0.6725/0.6710 support
After the New Zealand Reserve Bank decided to raise interest rates, it was noted that the overall risk of the New Zealand dollar increased. In the short-term trend, we can pay attention to changes in data in China and the United States.

USD/CAD
1.3075/1.3090 resistance
1.3025/1.3000 support
The oil price has fallen, and the Canadian dollar has fallen sharply. In the short term, it may still be favorable to the Canadian dollar news. Focus on 1.3025 and 1.3000 support and pay attention to the 1.3075 and 1.3090 resistance.

EUR/GBP
0.8995/0.8980 support
0.9025/0.9040 resistance
The euro continued to rebound against the pound, and the UK may "hardly leave Europe", affecting the pound, and the euro rebounded against the pound. Since the break of the resistance of 0.8920 a few days ago, the euro has maintained a technical rebound against the pound, and continued to continue to observe. It is recommended to add stop loss protection and pay attention to the high resistance of 0.9080 in the second half of 2017. But pay attention to the fluctuation of the euro against the pound before and after the release of the UK data.

EURCHF
1.1520/1.1505 support
1.1575/1.1585 resistance
Earlier evaluation of the euro against the Swiss franc challenged the double bottom rebound, eventually becoming a V-shaped rebound. After borrowing the technical oscillation index seriously divergence, the euro against the Swiss franc has reached the resistance of the rebound of 1.1550, if it succeeds in breaking the resistance, it is expected to continue the rise. However, a stop loss must be set for protection.

XAUUSD
1216/1218 resistance
1208/1206 support
The European and American stock markets dropped , the price of gold has been rebounded. The market expects the US CPl data to grow on Friday, the flow of funds to the stock market and the US dollar assets have a chance to continue, and the gold price trend still has a chance to go down. Pay close attention to the changes in the performance of the US Dow and international stock markets, and the flow of funds has a greater impact on the trend of gold.

US crude oil futures:
67.65/67.95 resistance
66.05/65.75 support
After the ElA report, the oil price has been adjusted to below $67. Oil prices of $65 and $63 are expected to be supported. The market is watching the US CPI data, and the results may affect oil prices.

BTCUSD:
6350 / 6500 resistance
6067 / 5967 support
During the weekend, the Bitcoin gap down until now the price going down further. The trend seems unchanged and keep downward. According Fibonacci, the reverse 85.2% as 6375, and last rebound starting point as 6067. These numbers may help to forecast the support levels.

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.

 

[Kelly Yeung]

The Reserve Bank of New Zealand announced on Thursday that interest rates will remain unchanged. After the meeting, the statement released the dovish speech, which caused the New Zealand dollar to fall by nearly 1%. New Zealand's fundamentals failed, causing the New Zealand dollar to fall below 0.6680 support, and then break the important support of 0.6610. During the day, we will focus on the US consumer price index and actual income data for July. If the US inflation data is weak, the Fed’s interest rate hike is expected to cool down, which may boost the New Zealand dollar.

The pound fell against the dollar for six consecutive days and fell to a one-year low of 1.2842. The reason revolves around the lack of progress in the negotiations between the UK and the EU and the lack of an agreement to transition the UK from Europe. So the focus is on the important economic data released by the UK in the afternoon, including the June trade account, the current account and the second quarter GDP, can change the market view.

In the evening, the US consumer price index is an important focus for this week. If the US inflation data only matches, the US dollar has the opportunity to adjust or bearish . Please pay close attention tonight!

Today's suggestion:

EURUSD
1.1565/1.1585 resistance
1.1505/1.1485 support
Although the performance of German trade accounts and current account data has been strong, bullish EURUSD before. And now will face the US inflation data tonight, the market is waiting to see the performance of the data, directly affecting the euro. If the US inflation data only matches, the US dollar has the opportunity to adjust or bearish.

GBPUSD
1.2915/1.2935 resistance
1.2835/1.2805 support
Important economic data released in the UK in the afternoon, including the June trade account, current account and second quarter GDP. If the pound breaks through the short-term resistance of 1.2940, it is expected to change the recent weakness of the pound. The US consumer price index is an important focus this week. The data performance will directly affect the trend of the US dollar, which will indirectly affect the development of the pound.

USDCHF
0.9960/0.9980 resistance
0.9930/0.9910 support
The Swiss franc has developed and maintained the euro as the dominant factor. However, the impact of the Brexit problem, the euro may be weak. In the evening, the US consumer price index is an important focus this week. If the US inflation data only matches, the US dollar has the opportunity to adjust or bearish.

USD/JPY
110.75/110.55 support
111.25/111.45 resistance
Japan’s second-quarter GDP saw a negative growth in the past two quarters, which brought positive growth. After the announcement, the dollar stayed below 111.45 against the yen for a short period of time and continued to test 110.75 support. But if you want to break below 110.75, or support below is hard. Otherwise, the USD/JPY has a chance to rebound and regain 111.45 resistance.

AUDUSD
0.7380/0.7400 resistance
0.7345/0.7325 support
The US consumer price index is an important focus this week. The US dollar is strong and the Australian dollar is falling. Technically , AUDUSD hit a double top, now broken 0.7415, and keep falling. At present, before the 0.7325 test, look at the performance of the US consumer price index.

NZDUSD
0.6625/0.6635 resistance
0.6585/0.6570 support
After the New Zealand Reserve Bank’s decision on interest rates, the New Zealand dollar has a downside risk as a whole. The short-term trend is still weak. Further attention to changes in data in China and the United States. The most important thing is to look at the performance of the US consumer price index, which indirectly affects the development of the New Zealand dollar.

USD/CAD
1.3075/1.3090 resistance
1.3025/1.3000 support
The price of oil has fallen, and the appreciation of the Canadian dollar is limited. In the short term, it may still be favorable to the Canadian dollar news. Focus on 1.3025 and 1.3000 support and pay attention to the 1.3075 and 1.3090 resistance. Must concern the US CPl data tonight, it will affect oil and dollars.

EUR/GBP
0.8980/0.8970 support
0.9025/0.9040 resistance
The upward trend of the euro against the pound has not changed. The UK may be “hard from Europe” and affect the pound. The rebound of the euro against the pound will continue. The euro has maintained a technical rebound against the pound and is expected to continue. It is recommended to add stop loss protection and pay attention to the high resistance of 0.9080 in the second half of 2017. But pay attention to the fluctuation of the euro against the pound before and after the release of the UK data.

EURCHF
1.1450/1.1435 support
1.1475/1.1485 resistance
Earlier evaluation of the euro against the Swiss franc challenged the double bottom rebound, eventually becoming a V-shaped rebound. In the short term, it is expected to continue the uptrend, pending a break of 1.1485 and 1.1520 resistance.

XAUUSD
1216/1218 resistance
1208/1206 support
The market is concerned about the US CPl data tonight, the flow of funds to the stock market and the US dollar assets have a chance to continue, and the gold price trend still has a chance to go down. Pay close attention to the changes in the performance of the US Dow and international stock markets, and the flow of funds has a greater impact on the trend of gold. Note that the US CPl data tonight may affect the price fluctuation of gold.

US crude oil futures:
67.65/67.95 resistance
66.05/65.75 support
After the ElA report, the oil price has been adjusted to below $67. Oil prices of $65 and $63 are expected to be supported. The market is watching the US CPl data tonight, and the results may affect oil prices.

BTCUSD:
6350 / 6500 resistance
6067 / 5967 support
According Fibonacci, the reverse 85.2% as 6375, and last rebound starting point as 6067. These numbers may help to forecast the support levels. Before the US CPl data announcement tonight, the bitcoin seems supported. If the US CPl data tonight is worst then market expected, bullish 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!

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.

 

[Kelly Yeung]

US CPL performance rose moderately in July, although the core CPl remained unchanged in July, but it means that the US economic growth in the second quarter will continue, which will help boost the economic growth forecast for the third quarter, and have the opportunity to strengthen the US Federal Reserve's interest rate hike in September. expected. In addition, the dollar has risen sharply, and the Asian market opened further this morning. The Turkish currency has depreciated sharply and has set a new record low. The US president announced that it would double the tariff imposed on Turkey's bismuth aluminum. The Turkish economy was severely frustrated, spreading to emerging markets, the currency was unstable and following the devaluation, and the funds turned to the dollar. However, the transfer of funds to the US dollar does not mean that it is beneficial to the US or global stock markets. After all, the problem is along the trade war and cannot be interpreted as political risk. The trade war has damaged global economic and trade, triggering a stock market crisis. Under this reasoning, the global stock market did not perform well, and more funds returned to the yen, causing the yen to rise.

There are no important data released today, and the market focuses on a series of important data from China, the UK and the Eurozone. Currently, these figures are expected to be better than last month, and the US dollar has the opportunity to adjust. Please pay attention!

Today's suggestion:

EURUSD
1.1335/1.1315 support
1.1435/1.1455 resistance
Turkey is subject to tariffs imposed by the United States on its trade, combating important economic industries in Turkey, the depreciation of the Turkish currency, and the euro is dragged down. The important support level of the euro against the US dollar is 1.1315. If it stays above the support level, it is expected to boost the euro by forecasting the economic data of the euro zone tomorrow.

GBPUSD
1.2735/1.2705 support
1.2795/1.2825 resistance
Also affected by the devaluation of the Turkish currency and emerging market currencies, the UK was dragged down. Currently hope to borrow the British data for the next two days to support the pound. However, it must be noted that the emerging market currency depreciation crisis has not been removed, and European currencies remain bearish.

USDCHF
0.9960/0.9980 resistance
0.9930/0.9910 support
The path of the Swiss franc is often dominated by the euro. If the euro starts to settle in the future, the euro rebounds and is expected to drive the Swiss franc to follow.

USD/JPY
109.95/109.70 support
110.55/110.75 resistance
Japan’s second-quarter GDP saw a negative gain in the past two quarters, and the bearish dollar was against the yen. The US and Nikkei indices fell, further pushing down the dollar against the yen. Paying attention to the trend of the US Dow and the Nikkei will help to grasp the direction of the dollar against the yen.

AUDUSD
0.7255/0.7225 support
0.7270/0.7300 resistance
The Turkish currency and other emerging market currencies have depreciated, and the US dollar is strong, which is negative for the Australian dollar. Tomorrow Australia will announce the Consumer Confidence Index and the Payroll Index. If the data grows, it will increase the Australian dollar. In addition, European data performance is also very important. The euro rebounded and indirectly boosted the Australian dollar.

NZDUSD
0.6570/0.6550 support
0.6595/0.6615 resistance
The dollar is strong and the Australian dollar is weak, and the dollar is negative. The New Zealand food price index increased in July, or bullish New Zealand dollars. If the dollar is adjusted, it will further upward to the NZD.

USD/CAD
1.3075/1.3090 resistance
1.3025/1.3000 support
The oil price rebounded, generally in the Canadian dollar. However, the dollar is strong and the Canadian dollar is falling. Looking back at the Canadian employment report, all kinds of sub-data are more than a few Canadian dollars. If the dollar is adjusted, it is more favorable to the Canadian dollar.

EUR/GBP
0.8935/0.8945 resistance
0.8905/0.8890 support
The euro fell back to 0.9025 after hitting only 0.9025. Note that before and after the UK data was released, the euro fluctuated against the pound. Tomorrow's UK employment report and the CPI of the day after tomorrow may continue to be negative for the euro against the pound.

EURCHF
1.1260/1.1175 support
1.1365/1.1385 resistance
The depreciation of the Turkish currency dragged down the euro and the euro fell more against the Swiss franc. Technically, the 2017 support level of 1.1260 is available as a support reference. But it must wait for the Turkish currency to stabilize, the euro rebound, and the euro can rebound against the Swiss franc.

XAUUSD
1213/1215 resistance
1206/1204 support
The depreciation of the Turkish currency dragged down emerging market currencies, and global stock markets fell, but did not support gold. Due to the large amount of capital flowing into the US dollar and the increase in US inflation, the market believes that the Fed’s interest rate hike will increase, gold is not attractive, and gold is under pressure. If the gold breaks 1204, further test 1195 or below. However, in the next two days, the European data may support the euro to drag down the US dollar. Therefore, when gold is close to 1204, it is necessary to pay attention to the market conditions and European data performance.

US crude oil futures:
67.95/68.35 resistance
67.05/66.75 support
Turkey was imposed by the United States on tariffs, dragging down the economic and currency crisis. A wider trade war will only drag down the development of oil prices, and whether oil prices will continue to rise, there are many uncertainties.

BTCUSD:
6350 / 6500 resistance
6067 / 5967 support
The US CPl in July is better then market expected, unfortunately bearish the bitcoin. Dollar strong and Turkey depreciation crisis, it make bitcoin keep at recent lower. Now the market looking the support at US6067, if rebounded the bitcoin will reach US6350 or 6500.

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.

 

[Kelly Yeung]

The Turkish currency has depreciated sharply and has set a new record low. The Turkish economy was severely frustrated, spreading to emerging markets, the currency was unstable and following the devaluation, and the funds turned to the dollar. The Turkish currency, the Lira, depreciated against the US dollar, triggering the currency crisis, and became the focus of the international exchange market and commodity futures market. Most of the emerging market currencies were dragged down and the European currency was also affected. Euro hit an 11-month low. The European Central Bank expressed concern that it is said to be a bank of some EU member states. The trade war has damaged global economic and trade, triggering a stock market crisis.

Today the market focuses on a series of important data from China, the UK and the Eurozone. Currently, these figures are expected to be better than last month, and the US dollar has the opportunity to adjust. In addition, after the data, the market is still worried about the depreciation of Turkey and the depreciation of other emerging market currencies. In this respect, the European currency still has a downside risk. The rise in the dollar also caused other currencies and gold to fall.

Today's suggestion:

EURUSD
1.1425/1.1440 resistance
1.1335/1.1315 support
The depreciation of the Turkish currency triggered fluctuations in the foreign exchange market and the euro was directly dragged down. Today, it is expected to use the euro zone economic data outlook to boost the euro. However, the market outlook still needs to be observed in case any news changes. The euro's important support against the dollar is 1.1315. If it stays above the support level, the euro may rebound after the news has faded.

GBPUSD
1.2795/1.2825 resistance
1.2735/1.2705 support
Also affected by the devaluation of the Turkish currency and emerging market currencies, the UK was dragged down. Currently I hope to use the UK data to support the pound. However, it must be noted that the emerging market currency depreciation crisis has not been removed, and European currencies remain bearish, leading to bearish pounds.

USDCHF
0.9930/0.9910 support
0.9970/0.9990 resistance
The Swiss franc is dominated by the euro. If the euro starts to settle in the future, the euro rebounds and is expected to drive the Swiss franc to follow. However, the market outlook is still not optimistic, paying attention to the downside risk of the Swiss franc.

USD/JPY
110.15/109.90 support
110.80/111.00 resistance
If the US and Nikkei indexes fall, it is expected to further push down the dollar against the yen. Paying attention to the trend of the US Dow and the Nikkei will help to grasp the direction of the dollar against the yen.

AUDUSD
0.7285/0.7300 resistance
0.7255/0.7225 support
The Turkish currency and other emerging market currencies have depreciated, and the US dollar is strong, which is negative for the Australian dollar. Today, the performance of European data in the afternoon is also very important. If the euro rebounds, it will indirectly boost the Australian dollar. However, the market outlook is still not optimistic, paying attention to the downside risk of the Australian dollar.

NZDUSD
0.6570/0.6550 support
0.6595/0.6615 resistance
The dollar is adjusted, the bullish New Zealand dollar. In addition, the performance of European data in the afternoon is also very important. If the euro rebounds, it will indirectly boost the New Zealand dollar. However, the market outlook is still not optimistic, paying attention to the downside risks of the New Zealand dollar.

USD/CAD
1.3105/1.3090 support
1.3175/1.3190 resistance
The strength of the dollar has caused the Canadian dollar to fall. Looking back at the Canadian employment report, all kinds of sub-data are more than a few Canadian dollars. If the dollar is adjusted, it is bullish to the Canadian dollar. However, the market outlook is still not optimistic, paying attention to the downside risk of the Canadian dollar.

EUR/GBP
0.8940/0.8955 resistance
0.8900/0.8890 support
The UK job data and CPI are very important today and tomorrow, it may be bearish for the euro against the pound. But it breaks through 0.8955 resistance, the trend may change.

EURCHF
1.1310/1.1285 support
1.1365/1.1385 resistance
The depreciation of the Turkish currency dragged down the euro and the euro fell more against the Swiss franc. Technically, the 2017 support level of 1.1260 is available as a support reference. But it must wait for the Turkish currency to stabilize, the euro rebound, and the euro can rebound against the Swiss franc.

XAUUSD
1200/1202 resistance
1190/1188 support
The depreciation of the Turkish currency dragged down emerging market currencies, and global stock markets fell, but did not support gold. A large amount of capital flow into the US dollar and US government bond, coupled with rising US inflation, the market believes that the Fed's interest rate increase opportunities, gold is not attractive, gold is bearish mood. Gold has been tested 1195 and lower. However, in the next two days, the European data may support the euro to drag down the dollar, and the gold rebounded. But 1202 has become an important resistance.

US crude oil futures:
67.25/67.55 resistance
65.75/65.55 support
Turkey was imposed by the United States on tariffs, dragging down the economic and currency crisis. A wider trade war will only drag down the development of oil prices, and whether oil prices will continue to rise, there are many uncertainties. Plus the upcoming US crude oil inventory report, pay attention to oil price fluctuations

BTCUSD:
5967 / 6067 resistance
5740 / 5500 support
The US CPl in July is better then market expected, unfortunately bearish the bitcoin. Dollar strong and Turkey depreciation crisis, it make bitcoin keep at recent lower. The market looking the support also dropped down, it could be test 5740 and 5500 last support.

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.