ATFX Press Releases 2021

Kelly Yeung

ATFX.com Representative
Messages
800
Tonight 7:45pm, the European Central Bank will announce the latest interest rate decision, 20:30 European Central Bank President Christine Lagarde will hold a press conference. It is expected that interest rates and asset purchase policies will remain unchanged. The Pandemic Emergency Purchase Plan ( PEPP ) will maintain the current rate of approximately 80 billion euros, and the Asset Purchase Plan ( APP ) will be maintained at 20 billion euros per month.

On July 8 , after a 19 -month strategic evaluation , the European Central Bank released the results of its monetary policy strategy review. It adjusted the medium-term inflation target for the first time in 20 years, setting the inflation target at 2% , and when interest rates were near the bottom. Tolerate high inflation rates. Therefore, this meeting is expected to correspondingly change its policy guidelines and promise to adopt strong monetary policy response measures to achieve this goal, but there will be no major adjustments in the policy outlook.

The new policy framework means paving the way for a longer period of easing. If the European Central Bank clearly states that the policy interest rate remains unchanged and the net purchases according to the asset purchase plan will last longer than the market currently expects, for the euro Naturally constitute downward pressure. It is reported that in early July , policymakers disagreed on how to adjust the policy guidance to meet this commitment, and ultimately postponed the decision to make any changes at this meeting.

Bloomberg's latest survey of economists shows that the European Central Bank is unlikely to change its bond-purchase plan at this monetary policy meeting, but may make some changes in the wording of the statement. Due to the decline in financial market liquidity, monthly purchases in August are expected to fall by 5 billion euros to 75 billion euros, and purchases in October will slow down significantly.

Another highlight of this meeting is whether the European Central Bank will extend the pandemic emergency asset acquisition plan, which will expire in March next year , but the market is generally expected to wait until September to announce the adjustment plan because the latest update will be announced at that time. economic and inflation forecasts, there is the opportunity to begin to reduce the size of the debt purchase, and next year 3 stop buying before the end.

Or it is not until the end of the year that it is clear to the outside world how to transform, if it is extended, it may "transition to a new model", introduce new stimulus policies, maintain a high degree of flexibility in asset purchases, and do not rule out the introduction of more standardized unconventional tools. Under PEPP , the European Central Bank can buy bonds wherever it deems necessary, and there is no pre-set quantity quota. The market currently believes that both possibilities exist, but are slightly biased towards the former, so see if there are any hints at this meeting.

In terms of economic description, it is expected that the European Central Bank will maintain a cautiously optimistic outlook on the economic recovery of the Eurozone. However, the spread of the variant virus brings uncertainty and even risks. Because some regions may face a new round of blockade, it strengthens the ECB’s Dovish stance. In addition, any gentle interpretation of the results of the strategic evaluation will highlight the downward trend of the euro/dollar. It is just that the market has priced in this possibility in the past two weeks, so the expected pigeon tune will not suppress the euro too much.

Yesterday, the euro rebounded after hitting a low of three and a half months. The dollar’s fall from the high level provided room for a rebound. The euro is expected to consolidate within a narrow range before the announcement of the resolution , trading between the 10 and 50 moving averages. If the ECB maintains it tonight Dovish, but if there is no more easing signal and the US dollar does not bring pressure, the euro is expected to break the 1.1800 marks and look towards the 1.1852 level and approach the top of the channel. On the contrary, if the European Central Bank hints that it will extend the PEPP next month without mentioning the scale of reduction, the euro may turn around and approach the bottom of the 1.1750 channel.

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ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
In the past weekend, new cases in a single day in some countries hit a new high, and the global increase in new crown cases hit the largest in two months, which should bring different guidelines for gold trading and crude oil. Gold prices can get part of the hedging support, but fuel demand may be a threat to oil prices due to the slowdown caused by the epidemic. However, the performance of the trading market on Monday indicated that risk appetite was still continuing, and US stocks set record highs for two consecutive days.

This week’s Fed’s decision will be the primary focus of the commodity market. The rest of the time data, including the initial value of US GDP in the second quarter, the number of initial jobless claims and the PCE price index, can also affect the market. Today the Fed has begun to discuss interest rates, and market sentiment has gradually moved closer to caution.

The price of gold fell by 6.6% in the first half of this year, but it has rebounded since July. The price of gold will continue to play a demand advantage in hedging inflation and epidemic risks. Therefore, it has been converted to support for gold prices. However, its performance is also affected by the direction of global central bank interest rates. The strong impact of economic recovery.

As inflation and nominal interest rates gradually normalize, gold is more susceptible to further increases in real interest rates. After the gold price recorded its first weekly decline in five weeks last week, it closed below the $1,800 mark on Monday, and the performance of gold prices may be biased towards consolidation before the Fed’s decision.

Although Powell's press conference this week is still expected to make a dovish stance, the resolution stated that any details are a risk of volatility in terms of gold prices. If there is any statement that speeds up the discussion of tightening policies, or suggests that the possibility of reducing debt purchases or even raising interest rates in the next few months will increase, the price of gold will fall because of the pressure on the interest rate outlook.

The spot gold price has been subject to resistance from the 50 moving average since last week. It has been tested many times but failed to break through. The current 10 and 20 moving averages have also acted as an obstacle near the 1800 mark. It is expected that the price will continue to maintain consolidation before the Federal Reserve resolution is announced. The day's closing can return to the 1,800 US dollar mark, and look to the 1808/1810 US dollar as the initial target. If there is a chance to break through, it will look to the 1815/1820 US dollar level. For support, pay attention to last week's low and the current Fibonacci adjustment level of 1789/1786.

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Recently, the news that the crude oil trading market itself can bring special guidance tends to be flat, and oil prices fluctuate in accordance with market sentiment between economic data and the epidemic. However, oil prices have relatively stabilized after shocks in the past two days. The spread of the Delta variant virus has triggered concerns about fuel demand. However, the market expects that crude oil supply will be tight for the rest of this year, so it is also a see-saw to oil prices.

According to the latest statement by White House officials, due to worries about the Delta mutant virus and the increase in the number of new domestic cases, the United States will not cancel any existing travel restrictions "at this time." This means that the travel restrictions that have banned people from many parts of the world from entering the United States since 2020 will not be lifted in the short term, so fuel consumption can be more colorful.

According to the latest data from the U.S. Energy Agency, the inventory of kerosene-based aviation fuels continues to rise, while Bloomberg cited data from the U.S. Transportation Security Administration. North American aviation tourism activities are rebounding, but they are still only 78% of the 2019 summer level. Said progress is relatively slow. In addition, in the first half of 2021, China's crude oil imports fell for the first time in eight years, and the market expects that this year's overall import growth may drop to the lowest point in 20 years, so it also limits the upward trend of oil prices.

It can also be seen from the changes in holdings that investors have turned cautious. Last week, fund managers slashed their long positions in U.S. oil, the largest reduction since 2017. The CFTC position data shows that in the previous week, some speculators bought short positions rather than establishing new long positions, indicating that they were driven by profit-taking after the decline in oil prices.

If the Fed releases a dovish signal this week, the US stock market is expected to continue to rise, which will help stabilize oil prices in a favorable atmosphere. Before the resolution, pay attention to the API report in the early morning of the next day and the EIA inventory changes tomorrow night. After the eight-week consecutive decline of crude oil inventories, see if the latest data continues the increase of the previous week, and if the increase exceeds expectations and the previous value, it will guide oil prices. Short-term lower.

After gaining support from the 50 moving average, US oil futures also temporarily maintained trading within the range. It is currently close to the resistance level of 72.41 US dollars, which is also the high level of last week. If it is tested again but fails to break through, it may return to below 72 US dollars. This position is also where the 10 moving average is located. After breaking below, pay attention to the possibility of pressure close to the $71 mark. On the upside, if it can break through the current range, the first target to see is $73.

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ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
The U.S. GDP has been widely anticipated particularly after it largely grew in the first quarter from 4.3% to 6.4%, despite expectations being 6.8%. it was a large growth and expectations for the second quarter were also higher than previous, forecasted to score 8.5%, from last quarter’s 6.4%.

Expectations remained largely high for Q2 mostly because of all economies re-opening their borders, travel, and lifting most restrictions. These re-openings were supposed to show heavy growth in the services sector.

However, opposing expectations, the U.S. GDP scored 6.5% vs the 8.5% expected and the 6.4% previously gained. In spite of greater demand for goods and services in Q2 and a massive return to the office that comes hand in hand with commuting, travel and the availability of more activities. It didn’t boost the GDP figures.

Had expectations beat a 7.0 percentage, it would have caused inflationary pressures that would have perhaps taken another toll on markets.

Meanwhile, China’s GDP grew 7.9% in Q2 falling slightly short of expectations at 8.1%. it was still an indicator that the economy is on track for recovery.

The FED
Markets were quite unphased by the Feds July meeting, as they kept interest rates steady as very much expected and added that they will begin tapering monthly bond purchases soon. The GDP figures definitely supported Powell’s speech on Wednesday that there’s still a further route to recovery.

THE USD
Furthermore, the dollar index has been losing steam earlier this week ahead of the Feds July meeting and since Powell sounded dovish and slightly positive, the USD didn’t take it too well as compared with the Feds June meeting that was unexpectedly hawkish placing the greenback on fire.

A higher GDP would have lifted the greenback on a swift move after Wednesday’s downer. But it seems like the lower-than-expected figure added some mixed signals on the USD, because in the first 5 minutes it pushed the USD lower then went for a quick reversal. Nevertheless, on the Daily frame it continued to slide.

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*USD 15 Minute Chart*

Additionally, the US Personal Consumption Expenditure prices (QoQ) which the Fed ultimately uses as an indicator for inflation picked up to 6.5% from 3.7% previously, it would have been noted as a red flag for inflation but with the pattern of its just transitionary dialogue, I doubt the Fed would flag it at all.

All eyes now turn to the monthly PCE figures on Friday that may increase volatility in the markets.

Speaking of more economic indicators, Unemployment claims also fell short of expectations with a figure of 400K VS 382K expected. These figures bring up cloudy thoughts on what would be the Fed's next move!

Written by Nadia Amr, Market Analyst ATFX MENA (UAE)

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
800
The second issue of ATFX’s Trader Magazine, written by the broker’s top analysts, has been released online. The experts share their views about the global economic trends likely to happen in Q3, 2021. In addition, traders will learn the experts’ predictions about the performance of some of the most popular assets in the financial markets

ATFX analysts leverage their sector expertise and financial markets experience to identify future price movements based on the global economy and market trends. Traders can tap into their expertise to identify significant moves in the assets covered by the analysts.

Alejandro Zambrano, ATFX’s Global Chief Market Strategist, prefaced this issue along with six other top analysts who shared their thoughts on the trading prospects of gold, crude oil, silver, the NASDAQ index and the popular global currencies in Q3, 2021.

Ramy Abouzaid, ATFX’s Head of Market Research in the UAE, analysed Nasdaq’s most likely trend in Q3 in detail, pointing out that the global economy is at a crucial turning point. Will the Nasdaq reach a historical high in Q3?

ATFX’s Chief Asia Pacific Analyst Martin Lam reviews the latest trends in the GBP vs USD, EUR vs USD, gold and silver. He believes that the American and European economies will experience recovery and that the US will outperform Europe in all aspects, particularly economic growth.

ATFX (Asia Pacific) Global Market Strategist Jason Tee shares ideas on the trend in the exchange rate between USD and CAD.

Eduardo Ramos, ATFX LATAM Market Analyst, shares his opinion on the USD vs MXN trends in Q3.

Dean Chen, ATFX’s Guest Analyst, predicts the USD vs Yen trend, pointing out that the Japanese economy has been underperforming its global peers.

ATFX (Asia Pacific) Global Market Analyst Jessica Lin shares her predictions on the crude oil trends in Q3.


(Download link: https://www.atfx.com/en/trader-magazine/)


ATFX intro:
ATFX is an award winning FX/CFD broker with an established global presence. Globally, the company has offices around the world offering support to its clients in more than 15 different languages. 

ATFX is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.


Media contact:
cs.gm@atfx.com
 

Enayess

Recruit
Messages
119
Great article, mate. I think that all vital things which can somehow guarantee successful trading activity for novices are depicted in this article. To my mind, the main things are brokers, psychology and complying with fundamental trading rules. Choosing a right broker matters a lot on initial stages mostly because your future trading career depends on the broker which you chose. Every beginners must check all the significant information abur brokers before start communicating with it. Psychology helps traders to stay stable and never let emotions influence your trading activity. In addition, complying with risk management and money management practices provides novice with basic understanding of market mechanics in order to prevent serious mistakes.
 

Kelly Yeung

ATFX.com Representative
Messages
800
As a global leading CFD broker, ATFX achieved remarkable performance in Q2 2021. According to the latest Finance Magnates Quarterly Intelligence Report, the monthly and total trading volume in Q2 on the ATFX MT4 platform reached 142 billion dollars and 426 billion dollars, respectively, ranking among the top 6 globally.

In Q1 2021, ATFX saw its global trading volume reach 417 billion dollars. In Q2, the total trading volume on the MT4 platform was 426 billion dollars, and the global trading volume keeps rising, as does its brand influence.

We have launched over 50 HK stock CFD products on the platform tailored to the needs of investors this year, which has gained an excellent reputation in the industry. In recent years, ATFX has achieved outstanding performance in multiple areas. Its service brand ATFX Connect has also witnessed explosive growth, with sales experiencing a year-on-year increase of 500%. Last month, ATFX was named among "Global Top 10 Popular Brands," demonstrating its increasing brand influence. ATFX is committed to constantly providing new products and services, injecting new momentum to the whole CFD industry.

Introduction to ATFX:
As an international online CFD broker, ATFX holds licenses in various countries, including FCA and CySEC and can offer the most secured legal guarantee for global clients. ATFX has won over 60 international prizes in Europe, Asia, Middle East and South America for its transparent and effective deposit and withdrawal mode. ATFX has 12 offices all over the world and offers more than 200 CFD products for investors.

Media contact:
cs.gm@atfx.com
 

Kelly Yeung

ATFX.com Representative
Messages
800
Global Brands Magazine Awards 2021, sponsored by UK Global Brands Magazine, recently announced its winner list, revealing that ATFX is once again being recognized globally by winning the award of "2021 Best Forex MT4 Broker in Asia".

ATFX has won eight global awards this year thus far, showing clear evidence that ATFX has strong appeal and brand influence within the industry.

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In the first half of 2021, ATFX won eight global awards, including world-class honours such as "Best Fin-Tech broker Award", "Best Trading Experience Award ", "Best Institutional Business Broker Award".

About ATFX:
ATFX is a global online CFD broker with multi-national financial licenses, containing FCA in the UK and CySEC in Cyprus. ATFX serves customers all globally with legal protection of the highest standard. The transparency and efficiency of the deposit and withdrawal mode of ATFX have brought over 60 global awards for ATFX (including Europe, Asia, the Middle East and South America). ATFX has set up 12 offices worldwide and has provided over 200 CFD products for investors (Website link to ATFX: https://www.atfx.com/)
 

Bearad

Private, 1st Class
Messages
53
It's impossible to guarantee successful trading actually. Nobody knows what will be going with you in trading. Everything depends only on you and there are no other factors. Of course, some breaking news and unexpected events can interfere your plans in case of fundamental analysis, however the most part of tradding depends only on you. I believe that if you believe in yourself, your strengths and you're loyal to your intentions and goals, then nothing can break you down. You will be successful only in case of a great loyalty to tradding and eagerness to find something new out every single day.
 

HeavenLeighRob

Corporal
Messages
116
The things you mentioned are certainly important, but I would never "guarantee" anything when it comes to trading.
 
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