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ATFX News Update10919 Mar 2019


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Blog

BLOG: AT Global Markets Malaysia Market Update 2018.07.10

Blog 10 Jul 2018, 2:40:57 PM

Yesterday, the British Brexit Minister resigned, and another British official also made a resignation. The market believes that they use the resignation to force the British prime minister to step down or compromise. However, it is estimated that the market is not afraid of this situation. If the Bank of England will maintain a rate hike outlook and the pound will keep rising. The most important UK economic data for the day can show growth and strengthen the UK's interest rate hike.

The United States announced that consumer credit in May has risen sharply, far exceeding market expectations and last month's figures. After the results were announced, the US stock market rose and the US dollar also rose. But tonight, the United States only released some reference data, and it is expected that the impact on the US dollar and the US Dow will not be high. It is recommended to pay attention to the economic data of Europe and China in the afternoon and the impact on the relevant currency. In addition, the current global inflation and interest rate hikes have slowed down, and the bullish the gold market can be used as a reference.

Today's suggestion:

EURUSD 
1.1780/1.1800 resistance
1.1740/1.1720 support
The ECB president did not say that the pace of acceleration was increased and the euro fell slightly. Technically, if the euro keeps rebounding by 50% and the support above 1.1680, the trend is still bullish.

GBPUSD
1.3245/1.3220 support
1.3325/1.3340 resistance
Following the resignation of the Minister of Brexit, another British official also resigned last night. The British Prime Minister’s status is facing challenges and the political atmosphere has affected the pound’s decline. But you can't forget the economic data released by the Eurozone and the UK in the afternoon today. If the data is positive, bullish the pounds.

USD/CHF
0.9930/0.9950 resistance
0.9890/0.9870 support
The ECB president said that monetary policy still needs to be observed for some time, and the pace of interest rate hikes is not showing signs of speeding up, negative for the euro, and negative for the Swiss franc. However, it is expected that the performance of the Eurozone data will increase in the afternoon, and when the Euro is bullish, it will also be the same.

USD/JPY
111.10/111.30 resistance
110.75/110.60 support
After the US Dow rose, the Japanese Nikkei index followed. After the dollar broke through the resistance at 110.80 against the yen, it challenged the previous high resistance at 111.40. If the stock market adjusts to fall, the dollar against the yen has a chance to reverse.

AUDUSD 
0.7425/0.7405 support
0.7485/0.7505 resistance
In the day, Australia announced the consumer confidence index, as well as business confidence and prosperity index, as well as China consumer price index. The performance of the data will affect the direction of the Australian dollar. In addition, pay attention to the trend of the copper price affecting the Australian dollar.

NZDUSD 
0.6810/0.6775 support
0.6860/0.6885 resistance
In the day, Australia announced the consumer confidence index, as well as business confidence and prosperity index, as well as the China Consumer Price Index. Data performance will affect the direction of the New Zealand dollar. Technically, if the New Zealand dollar breaks through 0.6860, the upper resistance is 0.6885 and 0.6920. Conversely, below 0.6808 support, the reference support below is 0.6775 and 0.6750.

USD/CAD
1.3135/1.3155 resistance
1.3075/1.3055 support
Since the speech of the Governor of the Bank of Canada, last week, US employment data slowed down, the dollar fell, and oil prices rose, which has already stimulated the Canadian dollar to rise more than 300 points. If the Bank of Canada finally decides to raise interest rates tomorrow night, but the central bank fails to indicate that it will continue to raise interest rates, the Canadian dollar will have a chance to weaken the gains or may adjust to a decline.

EURGBP
0.8885/0.8905 resistance
0.8855/0.8835 support
The Brexit Minister and another official have resigned, and the pound fell. The euro has risen against the pound. At present, we will continue to pay attention to the development of the matter. If the new successor candidate has been completed within the day, it will change its trend.

EURCHF 
1.1665/1.1685 resistance
1.1630/1.1605 support
The euro continues to be strong. The news is bullish for the EURCHF, but there is any technical adjustment risk.

XAUUSD 
1256/1254 support
1264/1266 resistance
The United States may delay the rate hike, the ECB president said that he did not intend to change the monetary policy, and gold was supported. But now there must be bullish gold factors. The gold if break through the resistance and could be reach the next important resistance of 1270.

US crude oil futures:
74.25/74.75 resistance
72.60/72.20 support
OPEC and non-OPEC have reached a consensus on crude oil production and supply, and currently support the rise in oil prices. Affected by other market factors, demand for crude oil in July showed signs of tension and bullish oil prices. But you must maintain risk management and don't chase it to prevent changes.

BTCUSD:
6865 / 7020 resistance ,
6540 / 6340 support.
After the US employment data showed slow down, the Fed fund rate maybe keep unchange, then the the dollar performance downward, the bitcoin demand were increased. But keep watching the USD and US data development, it could be affected the bitcoin and other crypto currencies market trend.

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 AT Global Market, 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: 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.

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.07.09

Blog 09 Jul 2018, 11:43:42 AM

The US non farm payroll in June decreased by 10,000 from the previous month's 223,000, with only 213,000. The unemployment rate rose to 4%, the first increase after two months of continuous improvement. In addition, the average hourly wage in the United States fell in June compared with market expectations, indicating that the US inflation and consumer markets have a chance to contract. Last weekend, the US dollar index closed at 94, and the trend has a chance to continue to today's Asian trading hours . As seen above, the performance of the US job market has slowed down. The Sino-US trade war has not improved and there are signs of negotiation. There were hidden concerns about the future trend of the US dollar.

The UK Brexit Minister resigned. The pound fell after the opening of the market this morning and could not continue the uptrend. However, the issue of Brexit between the UK and the EU cannot be postponed. New UK Prime Minister replaced after, without other bad news, and the Bank of England will maintain a rate hike and the pound will keep rising.

Today, the three major central bank leaders spoke separately, including Bank of Japan Governor Haruhiko Kuroda, Bank of England Deputy Governor Broadbant and European Central Bank President Draghi. Take the opportunity of their central bankers to speak and grasp the attitudes and opinions of their monetary policy as a predictor of future interest rate trends. If the exchange rate between the yen and the euro rises, the US dollar index will further test the support of 93.7 and 93.55. Helps bullish gold and silver.

Today's suggestion:

EURUSD 
1.1730/1.1760 resistance
1.1650/1.1620 support
ECB officials said they would accelerate the pace and increase the euro. The US employment data slowed down and disappointed the market. It is also a bullish euro. At present, the euro is at 1.1620 as a short-term important strength and weakness boundary, paying attention to market risks.

GBPUSD
1.3285/1.3260 support
1.3325/1.3340 resistance
The Bank of England’s members said that they would raise the interest rate and increase the Bank of England’s interest rate hike in August. The Brexit negotiations often have problems that affect the pound's decline, but believe that the fundamentals are still bullish.

USD/CHF
0.9905/0.9930 resistance
0.9870/0.9855 support
Together with the European Central Bank's monetary policy, the bullish euro, Swiss franc almost followed. If the speech of the ECB President in the afternoon and judge the trend of the Swiss Franc as well.

USD/JPY
110.85/111.10 resistance
110.35/110.05 support
Technically, the dollar is trading downward against the yen, representing a rise in the yen. At present, there is no breakthrough in the USD/JPY resistance of 110.80, and it is likely to test 110.28 support. If it falls below this support level, it will test 109.95 to 109.45. On the contrary, the dollar broke the resistance against the yen, and the upper resistance can refer to 111.40.

AUDUSD 
0.7425/0.7405 support
0.7475/0.7495 resistance
The Australian dollar has changed according to the slowdown in US employment data last Friday. At present, the Australian dollar is on the rise. If the Australian and Chinese data are positive tomorrow, the Australian dollar will maintain above 0.7425 and the trend will continue to rise.

NZDUSD 
0.6810/0.6790 support
0.6860/0.6885 resistance
US employment data slowed and the New Zealand dollar rose. As long as the data of Australia and China will be positive tomorrow, the uptrend will be sustainable.

USD/CAD
1.3115/1.3135 resistance
1.3075/1.3050 support
Canada’s employment data is weak and the trade deficit is widening. Fortunately, the US job market has also slowed down, and the overall dollar fell to support the Canadian dollar. Coupled with the rebound in oil prices, bullishness has risen. It is recommended to continue to pay attention to the development of oil prices and the impact of the Canadian dollar.

EURGBP
0.8865/0.8875 resistance
0.8805/0.8785 support
The Brexit negotiating minister resigned and the pound fell. The euro has risen against the pound. At present, we will continue to pay attention to the development of the matter. If we determine the new minister, it will change the trend. In the short-term attention, the ECB president speech in the afternoon that if positive for the euro, EURGBP downward.

EURCHF 
1.1625/1.1645 resistance
1.1585/1.1565 support
The European Central Bank intends to amend the monetary policy and bullish the euro. If the ECB president speaks in the afternoon, positive for euro, the EURCHF may fall.

XAUUSD 
1253/1251 support
1262/1264 resistance
The US employment report disappointed the market and the dollar fell, which caused gold to rise. At present, Sino-US trade relations are tense, trade wars affect the economy, and bearish stock markets may help bullish gold. It’s just that the ECB and the Bank of Japan’s governor’s speech today will be bearish for gold if they tighten their monetary policy intentions.

US crude oil futures:
74.35/74.65 resistance
72.85/72.55 support
OPEC and non-OPEC have reached a consensus on crude oil production and supply, and currently support the rise in oil prices. Coupled with the tight demand for crude oil in July, bullish for oil prices. But you must maintain risk management and don't chase it to prevent changes.

BTCUSD:
6865 / 7020 resistance ,
6540 / 6340 support.
As mentioned last week. The Fed meeting minutes showed fed fund rates intends on upward, the bitcoin demand slowdown. But the US employment data slow down the Fed fund rate maybe keep unchange, then the the dollar performance downward, the bitcoin demand were increased. 

 

Information provided by AT Global Market, 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 SilverCrude 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: 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.

Blog

BLOG: FUNDAMENTAL MARKET COMMENTARY 2018.07.05

Blog 05 Jul 2018, 4:04:20 PM

ATFX Markets Research Department 
Ramy Abouzaid, ATFX (AE) Head of Market Research
• US-EU Auto Tariffs: A Closer Look
• Global Economic Indicators
• This Week’s Economic Calendar
Under the radar: Trump directs his weapon towards European auto makers
US President Donald Trump told reporters on an Air Force plane on Friday that his government's investigation into tariff increases for cars from the European Union and other trading partners would be completed within three to four weeks, according to Reuters.

Strangely, in recent US administration decisions on protectionist measures that could trigger a real trade war, these measures come at a rapid pace and on more than one front. According to Reuters reporter Jeff Mason, US President Donald Trump Speaking to reporters aboard Air Force One as he traveled from Washington to New Jersey said on Friday his administration's investigation into whether to increase tariffs on cars from the European Union and other trading partners would be completed in three to four weeks. Trump also said the United States has been treated very badly by the World Trade Organization, but he is not considering withdrawing from it at this point. Asked when the probe would be concluded, he said: "Very soon. It'll be done in three, four weeks."
Trump ordered the "Section 232" national security probe into autos on May 23, and his unusually fast timeline calls for it to be possibly completed in just over two months. Similar national security probes ordered last year that led to import tariffs of 25 percent steel and 10 percent on aluminum, took about 10 months to complete. By law, the Commerce Department has 270 days to offer recommendations to the president after a Section 232 probe starts. The president then has 90 days to act upon those recommendations. Written comments from interested parties in the autos probe were due on Friday, and the administration has scheduled a public hearing for July 19-20.

The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports.

In a 10-page letter sent by the European Commission to the US Department of Commerce last Friday, The European Commission tried to clarify the following key massages: 
• EU car makers made approx. 2.9 million cars in the United States, which is supporting 120,000 jobs - or 420,000 if auto dealers and parts dealers were included. 
• The bloc exported 37.4 billion euros ($43.6 billion) of cars to the United States in 2017.
• 6.2 billion euros was imported to EU countries from USA.
• In some goods, such as trucks, US import duties are higher.
• The report said tariffs on cars and auto parts could undermine US car production by imposing higher costs on American manufacturers. 
• The EU has calculated that the 25 per cent tariff would have an initial impact of $ 13-14 billion on US GDP without any improvement in the current account balance.
• Assuming countermeasures such as those taken in response to current US steel and aluminum import tariffs, up to $294 billion of US exports – 19 percent of total US exports – could be affected.


(1) Data sources & references: 
• Thomson Reuters Eikon.
• Investing.com
• TradingEconomics.com
• forexfactory.com

Disclaimer - This document is for information and illustrative purposes only and are not indicative of future results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those discussed, if any. No part of this document may be reproduced in any manner, in whole or in part, without prior written permission. 
This information is provided with the understanding that with respect to the material provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. Owing to the long term and high-risk nature of the investments, the strategy may not be suitable for all investors. By accepting this material, you acknowledge, understand and accept the foregoing. High Risk Investment Warning: Contracts for Difference (CFDs) are complex financial products that are trading on margin. Trading Foreign Exchange and CFDs is highly speculative, and carries a high level of risk, and may not be suitable for all investors, and therefore you should be aware of all the risks associated with trading these products and trading on margin. You may sustain a loss on some or all your invested capital, and therefore shouldn’t speculative with capital that you cannot afford to lose. 
Past performance is not a reliable indicator of future results. AT Financial Market Ltd (ADGM) is regulated by the Financial Services Regulatory Authority, FSRA Permission Number 170006. Registered Office: 8th Floor, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, UAE, and only communicates this information for Professional Clients only, with no other persons acting upon it.

Blog

BLOG: ATFX to Participate in Traders Fair & Gala Night in Malaysia

Blog 03 Jul 2018, 2:54:01 PM

ATFX participated in multiple exhibitions across Southeast Asia this year.And following a successful showing inTaiwan, Thailand and the Philippines, the financial services company went to Malaysia at the end of June. The event, Traders Fair & Gala Night, held in Kuala Lumpur, Malaysia, combines tens ofthousands of sponsors, participants, speakers, and attendees under one roof, and will be primarily focused on retail traders and IBs.

One of the key speakers at the seminar was ATFX’s Martin Lam, Chief Analyst of Asia Pacific, who kicked off the seminar, speaking about the “The Global Market Macroeconomics Outlook for the 2nd Half of 2018". Mr. Lam has over 18 years of experience in the financial and investment industry and is regularly invited by media outlets in Hong Kong as well as globally to provide his trading market analysis.During the seminar, he gave useful insights about the financial markets and trading instruments, discussing the fundamentals of trading knowledge with the audience.

Another speaker, Mr. Ahmad Izzat, is a Trainer at ATFX. He discussed “Comprehensive Understanding of Gold Trading through Technical, Fundamental & Sentiment Analysis”, in line with over eight years of experience in forex and teaching experience. During the seminar, he provided trading knowledgein the movement of gold prices, the overall gold industry, and introduced the various historical support and resistance levels on the gold price chart to the audience.

The feedback has been very positive, as significant benefit is derived from ATFX’s services.After a successful trade fair, ATFX also participated in the Gala Night, a great opportunity for industry leaders to discuss the latest market updates, whilst simultaneously offering its participants a chance to network with seniors in the industry.

The financial brokerage also had some very positive meetings with introducing brokers (IBs), an area ATFX excels in. Highly skilled IBs are keen to partner with a firm that can be trusted to comply with the highest standards of service and transparency.

With that in mind, the leading financial services company is looking to organize and participate in more events in the near future, continuing its company culture of educating and training both IBs and traders, a principle ATFX firmly believes in.For it’s next participation, it’s off to Trader Fair of Thailand in August!


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.

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.07.02

Blog 02 Jul 2018, 10:57:00 AM

Personal opinion today:

Last week, the final GDP of the United States and the first quarter of the PCE price index were lower than market expectations. The growth rate of the final GDP of only 2%, plus the increase in the number of applications for unemployment benefits, failed to meet the Fed's further interest rate hike expectations, and the US dollar's strength has slowed down.

After the dollar adjustment, the market waits for US employment data and reports. ADP the private positions and initial jobless claims will be announced on Thursday. On Friday, the world will be watching the United States for non-farm payroll, unemployment rate, and hourly average wages. Today, the market mainly pays attention to Swiss retail sales. European Manufacturing Purchasing Managers' Index and Eurozone Unemployment Rate. The US Manufacturing Purchasing Managers Index at night. It is worth noting that the data is forward-looking.

Today's proposal:

EURUSD 
1.1695/1.1715 resistance
1.1640/1.1620 support
In the afternoon, the euro zone data is worthy of reference, but the impact is not great. If the US economic data is not good, it will be more euros. At present, 1.1620 is maintained as a short-term important strength and weakness boundary area.

GBPUSD
1.3165/1.3140 support
1.3235/1.3250 resistance
The Brexit negotiations have cooled down, the UK's fundamentals need to be improved, and the bullish pounds, but the resistance of 1.3300 remains to be seen. If the British data performance in the afternoon is normal, the sterling will have a low chance of breaking resistance.

USD/CHF
0.9930/0.9955 resistance
0.9875/0.9855 support
At present, the performance of the euro still affects the simultaneous development of CHF . In the afternoon, we can refer to the performance of Swiss data and judge the strength of the Swiss Franc.

USD/JPY
110.85/111.10 resistance
110.35/110.20 support
Attention at all the U.S. economic data coming, and keeping attention to the Nikkei and the Dow trend, they affect the movement of the USD/JPY.

AUDUSD 
0.7375/0.7360 support
0.7420/0.7435 resistance
Leave the US data and copper price performance development. The U.S. data slowed down, and Lido’s dollar was higher. Note that the renminbi movement is also important for the Australian dollar.

NZDUSD 
0.6750/0.6735 support
0.6790/0.68155 resistance
The weak performance of the U.S. economic data and the decline of the U.S. dollar may help the New Zealand dollar to rise.

USD/CAD
1.3175/1.3205 resistance
1.3120/1.3100 support
The supply of crude oil is tight and oil prices continue to rise. A few days ago, the Governor of the Central Bank of Canada said that he was considering preparing to raise interest rates. The above reflects the rise of the Canadian dollar. Pay attention to the trend of oil prices and affect the Canadian dollar.

EUR/GBP
0.8865/0.8885 resistance
0.8825/0.8805 support
The euro continued to rise against the pound. Risk management must be maintained to prevent a reversal of the trend.

EURCHF 
1.1565/1.1585 resistance
1.1525/1.1505 support
The Swiss franc has the opportunity to become a safe-haven asset, and the euro has the opportunity to decline against the Swiss franc. Therefore, we must maintain risk management to prevent the euro against the Swiss franc downward trend.

XAUUSD 
1256/1258 resistance
1250/1248 support
Fed officials have conditions to continue raising interest rates, gold fell. Last night's economic growth in the United States fell below market expectations in the first quarter. If more U.S. economic data showed a slowdown, it would be bullish.

US crude oil futures:
73.05/73.30 resistance
71.50/70.65 support
The U.S.-Russia summit will begin soon. If the meeting has the opportunity to relax Russian crude oil exports, it may cause the price of oil to fall.

BTCUSD:
6432 / 6652 resistance ,
6075 / 5720 support.
Technically, the bitcoin maybe test 5820 then rebounded and break 6232, the trend maybe change upward.

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 AT Global Market, 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: 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.

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.06.29

Blog 29 Jun 2018, 3:11:52 PM

Personal opinion today:

Last night, the final value of GDP in the first quarter of the United States and the PCE price index in the first quarter were lower than market expectations. The final value of GDP and only 2% growth was lower than expected and the previous quarter. Coupled with the increase in the number of people applying for unemployment benefits, the dollar has slowed down.

This afternoon, we will focus on German employment data, UK GDP and the CPI of the Eurozone. In the evening, focus on Canadian GDP, US personal income and expenditure and the University of Michigan Consumer Confidence Index. And US data performance will have a greater impact on the stock market and gold. Even the euro and other against US dollar currencies.

Today's proposal:

EURUSD 
1.1535/1.1515 support
1.1590/1.1620 resistance
In the afternoon of the euro zone, the CPl consumer price index was announced in June, and the euro zone inflation can be monitored. Yesterday the euro could rebound from the low position after the EU leaders’ meeting. If the economic data of the United States is not good, it will bullish the euro. Now, 1.1620 is an important short-term resistance.

GBPUSD
1.3055/1.3030 support
1.3115/1.3130 resistance
There is no progress in negotiations between the United Kingdom and the European Union. It is likely that the time will continue to delay and eventually undermine the deadline for final negotiations in October. If speeding up compromises may also affect the British government's cabinet. Look forward to the growth of UK economic data performance in the afternoon, otherwise the pound will have the opportunity to break the 1.3030 support.

USD/CHF
0.9990/1.0015 resistance
0.9955/0.9925 support
At present, the performance of the euro affects the simultaneous development of Swiss franc. If EUR up, CHF up. It means USDCHF down.

USD/JPY
110.75/110.90 resistance
110.35/110.20 support
Japan's consumer price index and job market data improved, the Nikkei index rose, and the dollar rose against the yen. Keep an eye on US economic data tonight, and keeping the trend of the US Dow and the trend of the US dollar against the yen.

AUDUSD 
0.7335/0.7315 Support
0.7370/0.7385 resistance
US data and copper price performance development, it will affected the AUD directly. If the US data slows down, good for AUD. But we must keep checking to the trend of the renminbi, which is also important to the Australian dollar.

NZDUSD 
0.6730/0.6715 support
0.6760/0.6775 resistance
New Zealand's May construction permit rate has been significantly improved, supporting the New Zealand dollar. If the US economic data is weak tonight, the dollar's decline may help the New Zealand dollar stronger.

USD/CAD
1.3285/1.3305 resistance
1.3230/1.3200 support
The supply of crude oil is tight and oil prices continue to rise. A few days ago, the Governor of the Central Bank of Canada said that he was considering preparing to raise interest rates. The above factors have caused the Canadian dollar to break through the resistance. Keep an eye on the important data on Canada's GDP tonight and the US economic data. If the US data is weak, further Canadian dollars will be stronger .

EUR/GBP
0.8865/0.8885 resistance
0.8825/0.8805 support
The Brexit negotiations have caused investors in the pound to worry that the pound continues to fall. The fall in the pound caused the euro to rise against the pound. There are still unease in the short-term events and the trend is expected to remain. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF 
1.1565/1.1585 resistance
1.1525/1.1505 support
Recently, the euro rebounded against the Swiss franc and once it went up to 1.1565 resistance. The Swiss franc has the opportunity to become a safe-haven asset, and the euro has the opportunity to decline against the Swiss franc. Therefore, we must maintain risk management to prevent the euro against the Swiss franc downward trend.

XAUUSD 
1253/1256 resistance
1244/1241 support
Fed officials are conditional to continue raising interest rates and gold is falling. Last night, the US economic growth in the first quarter was lower than market expectations. If more US economic data slows down, it will be bullish.

US crude oil futures:
72.65/73.30 resistance
71.50/70.65 support
A number of crude oil supply news stimulated oil prices to rise, and if the news continues to digest, oil prices will likely adjust downward. Now, the U.S.-Russia summit will begin soon. If the meeting has the opportunity to release the Russian crude oil exports, it may cause the price of oil to fall.

BTCUSD:
6032 / 6232 resistance ,
5775 / 5520 support.
Technically, the bitcoin maybe test 5820 which important support. Now it maybe break the support, then reach 5520. Rebound and break 6232 the trend maybe change upward.

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 AT Global Market, 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: 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.

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.06.28

Blog 28 Jun 2018, 11:08:25 AM

Personal opinion today:

 

The U.S. economic performance has maintained growth. Fed officials have publicly stated that U.S. economic growth will reach 2.75% this year. The average increase in the previous quarter was 2.2%. If this target is reached, the Federal Reserve Board can increase by 0.5%; the US dollar is expected to rise by the rate hike, the US dollar index rose to 95, and the euro, pound and other currencies fell against the US dollar. At the same time, gold also reversed its decline after rising to 1259 last night.

 

The euro zone will announce the economic sentiment index for June and the consumer confidence index. At night, Germany announce the CPl consumer price index in June, followed by a meeting of EU leaders. The market concerned about the United States announced the final value of the first quarter of GDP and the first quarter of the PCE price index and core PCE price index. The final GDP value and the results of the PCE price index will establish the United States’ economic performance table for the past quarter, and the market attaches importance to it. However, if the result is only in line with the 2.2% growth in the previous quarter, the US dollar's strength may slow down and the US dollar has the opportunity to adjust the decline. In addition, the US jobless claims is also worth to court , for the US Non-farm payroll and the unemployment rate next week.

 

Today's proposal:

 

EURUSD 

1.1530/1.1500 support

1.1590/1.1620 resistance

The euro zone will announce the economic sentiment index and consumer confidence index in this afternoon. In the evening, Germany announced the CPl consumer price index in June and there was a meeting of EU leaders. Whether the euro can rebound from the lows must be watched for relevant data. Conversely, with the US economic growth and rising interest rates, the euro will have a chance to weaken further.

 

GBPUSD

1.3080/1.3055 support

1.3165/1.3180 resistance

The Governor of the Bank of England warned that the details of the current Brexit negotiations will hurt the UK economy. With the increase in interest rates in the United States, the pound fell. However, it is believed that the speech will not affect the basic economic development in the United Kingdom. It is estimated that the results of the important economic data in the United States this evening will have no outstanding performance and the pound will have an opportunity to rise.

 

USD/CHF

0.9975/0.9995 resistance

0.9925/0.9905 Support

If the results of the important US economic data tonight do not have market expectations, the US dollar will have the opportunity to adjust the decline. It is believed that the current performance of the Euro will affect the development of Swiss franc.

 

USD/JPY

110.35/110.55 resistance

109.90/109.75 Support

Although Japan released economic data this morning and its performance did not show economic growth, the yen was weak. However, the stock market fell and often the dollar fell against the yen. Keep watching the U.S. economic data and the trend of the US Dow tonight.

 

AUDUSD 

0.7335/0.7315 Support

0.7390/07405 resistance

The Sino-US trade war has also affected the export of Australian resources. Falling copper prices also negatively impacted the Australian dollar. Watching the performance of US data and copper prices tonight will help observe the Australian dollar.

 

NZDUSD 

0.6740/0.6720 support

0.6780/0.6800 resistance

The Central Bank of New Zealand made a conservative speech, monetary policy remained unchanged, investors were disappointed, and the New Zealand dollar fell. However, it is estimated that the performance of the U.S. economic data will remain flat tonight, and the New Zealand dollar will have an opportunity to rise.

 

USD/CAD

1.3335/1.3355 resistance

1.3270/1.3250 support

The crude oil price rebounded sharply and maintained its support for the Canadian dollar. The governor of the Bank of Canada publicly stated that he intends to tighten monetary policy and increase the Canadian dollar. It is estimated that the performance of the US economic data will remain flat tonight, and the Canadian dollar will have an opportunity to go up.

 

EUR/GBP

0.8825/0.8840 resistance

0.8790/0.8775 support

Short-term estimates will explore resistance above 0.8825. However, risk management must be maintained to prevent a reversal of the trend.

 

EURCHF 

1.1535/1.1555 resistance

1.1505/1.1495 support

Recently, the euro rebounded against the Swiss franc and once it went up to 1.1565 resistance. At present, the Swiss franc has the opportunity to become a safe-haven asset, and the euro has the opportunity to decline against the Swiss franc. The euro against the Swiss franc could start a down trend.

 

XAUUSD 

1261/1263 resistance

1250/1248 support

Fed officials stated that the U.S. economy maintained growth. The target will increase from the current 2.2% to 2.75%. It hinted that the Fed has conditions to continue raising interest rates, and let gold price fell. The United States is currently looking forward to the release of US economic data tonight. If there is no growth in the data, market attitudes may change. Funds flow into gold and will be bullish.

 

US crude oil futures:

72.05/72.30 resistance

70.85/70.45 Support

The United States API organization announced a substantial reduction in the number of crude oil inventories to stimulate the surge in oil prices. But the news is digesting and the price of oil will likely fall. Plus, the U.S.-Russia summit will begin soon. If the meeting has the opportunity to release the Russian crude oil exports, it may cause the price fall.

 

BTCUSD:

6232 / 6434 resistance ,

6032/  5820 support.

Technically, the bitcoin maybe test 5820 which important support. If break the support, next will reach 5500. In short term, 6232 as important resistance. 

 

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 AT Global Market, 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: 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.

 

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.06.27

Blog 27 Jun 2018, 10:31:42 AM

Personal opinion today:

Since the Central Bank of China announced that it intends to reduce the reserve requirement ratio by 0.5%, it is estimated that the funds will be released and the RMB will continue to depreciate. Coupled with the U.S. President’s remarks, Sino-U.S. trade frictions are heating up, the global investment climate is still relatively tight, and the stock market has a downside risk. Although the US stock market stabilized yesterday, if the US stock market falls again, risk aversion will rise again, and there will be opportunities for safe-haven asset prices to rise again. As for the Japanese premise, it is difficult to use the US dollar as a safe-haven asset in the future. At the same time, the U.S. dollar may be affected by economic damage. Another option may be the Swiss franc. Began to note that the United States will announce May durable goods orders and US existing home sales data. The United States announced the number of jobless claims, the final GDP in the first quarter and the first quarter of the PCE price index and the core PCE price index. Before the announcement of the data, the U.S. dollar performed better, but it may reverse after the announcement.

This morning, the API group in the United States announced that crude oil inventories had fallen sharply, which was a decrease of 9.22 million barrels of oil prices last week. The market is watching another crude oil inventories data tonight. Tonight, the United States will announce durable goods orders and US existing home sales data for May. The data is expected to improve and the U.S. dollar may remain strong.

Today's proposal:

EURUSD 
1.1680/1.1700 resistance
1.1625/1.1610 support
Yesterday, the euro challenged such important resistances as 1.1750 and 1.1800, and saw the reversal of the decline after 1.1719 appeared. It is currently expected that before the release of important US data, the US dollar will be strong and suppress the rise of the euro.

GBPUSD
1.3265/1.3280 resistance
1.3210/1.3185 support
As mentioned yesterday, the EU summit this weekend and the announcement of Brexit by the United Kingdom will sign a draft and decide to stabilize the UK’s transition plan to Europe. However, short-term pound sterling risks existed and attention was paid to the resistance above 1.33. Yesterday, the pound fell below 1.3300 against the U.S. dollar and short-term attention was paid to the moving average as a reference for resistance.

USD/CHF
0.9935/0.9955 resistance
0.9865/0.9840 support
The trade war between China and the United States heats up, but there are hidden concerns about the economic outlook of the United States. If the market funds have the opportunity to choose the Swiss franc as a safe-haven currency, the USD/CR will likely fall. Currently pay attention to the resistance level.

USD/JPY
110.05/110.25 resistance
109.50/109.35 support
The stock market fell, the trade war heated up and other negative market factors, the funds turned to the yen as a hedge. Paying close attention to the stock market will help understand the direction of the USDJPY.

AUDUSD 
0.7390/07405 resistance
0.7345/0.7325 support
The Sino-US trade war has also affected the export of Australian resources. Falling copper prices also negatively impacted the Australian dollar. If the US data or copper prices fall tonight, it will further weaken the Australian dollar.

NZDUSD 
0.6840/0.6860 resistance
0.6800/0.6780 support
In this morning, the New Zealand trade account was made well and may support the New Zealand dollar. The RBNZ's interest rates decision and the publication of its monetary policy orientation will be followed with prudence tomorrow. With good data support, NZDUSD has an opportunities to go up.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The oil price rebounded sharply and supported the Canadian dollar. However, Canada’s important economic data is weak, and North American trade affects the future industrial exports of Canada. Limited Canadian dollar’s ​​gains. Concerned about the development of oil prices, how to affect the Canadian dollar. In addition, wait and see more Canadian data performance, and look forward to breaking the short-term upper and lower range pattern.

EUR/GBP
0.8825/0.8840 resistance
0.8775/0.8755 support
This week's EU summit and the United Kingdom announced the draft of the Brexit on the eve of the pound sterling risks and worries, the euro has a chance to rise against the pound. Short-term estimates will explore resistance above 0.8825. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF 
1.1555/1.1565 resistance
1.1505/1.1495 support
The euro rebounded against the Swiss franc and once tested resistance at 1.1565. At present, the Swiss franc has a chance to become a safe-haven asset, and the euro has a chance to decline against the Swiss franc. Therefore, risk management must be maintained to prevent a reversal.

XAUUSD 
1261/1263 resistance
1250/1248 support
The US Dow rose and suppressed gold again. On the contrary, under the US economic data, gold will see the downside in the short term. Looking forward to the release of US economic data on Thursday, the market’s attitude changed and the funds turned to gold.

US crude oil futures:
70.55/71.05 resistance
68.85/68.45 support
The US API announced a substantial reduction in the number of crude oil inventories to stimulate the surge in oil prices. However, after the news is digested, the price of oil may be adjusted downwards.

BTCUSD:
6232 / 6434 resistance ,
6032/  5820 support.
Technically, the bitcoin maybe test 5820 which important support. If it fails to support, next will reach 5500.

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 AT Global Market, 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: 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.

 

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.06.26

Blog 26 Jun 2018, 4:13:36 PM

Personal opinion today:

The Central Bank of China will implement the reduction of the reserve requirement ratio by 0.5% on July 5, and it is estimated that 700 billion yuan will be released. The news will not help improve and determine the market tension. Conversely, the release of large amounts of funds by the central bank will only have the opposite effect. The more relaxing the funds, the greater the liquidity of funds and the speed of currency depreciation. It is estimated that if there is no improvement, Chinese enterprises will develop in the second half of the year. Manufacturing and exports will be very severe. Not only will the renminbi depreciate further, global currency risks will gradually emerge. Funds will flow into safe-haven assets. Traditionally, the yen and gold are the more common safe-haven assets. If further capital inflows to asset hedging are achieved, but the US trade war is involved, the U.S. dollar can hardly be used as a safe-haven asset. At the same time, the U.S. dollar may be affected by the economic damage. Another option may be the Swiss franc.

At 6 pm today, the UK announced the retail sales difference data. At 10:00 pm, the United States announced the June consultation consumer confidence index and the Richmond Fed manufacturing index. At 4:30am the following day, the API group of the United States announced crude oil inventories, and the oil price will change according to the number of stocks.

Today's proposal:

EURUSD 
1.1680/1.1700 resistance
1.1638/1.1611 support
The market expects that the trade war between the United States and China will heat up, and part of the funds will flow into the euro to benefit the euro. On the other hand, this weekend the European Union and the United Kingdom will have a final draft of the Brexit negotiations. It is expected that the two sides will reach a final consensus and prepare for a smooth transition in October. The news anticipates a more positive euro. However, under the European economic uncertainties, pay attention to important resistances such as 1.1750 and 1.1800.

GBPUSD
1.3310/1.3335 resistance
1.3275/1.3255 support
The market continued to expect the Bank of England to increase interest rates in August, which is a bullish pound. The euro rose and also supported the pound. The EU summit this weekend and the United Kingdom announced that Brexit will sign a draft and decide to stabilize the UK’s transition plan to Europe. However, short-term pound sterling risks existed and attention was paid to the resistance above 1.33.

USD/CHF
0.9865/0.9840 support
0.9935/0.9955 resistance
The trade war between China and the United States heats up, but there are hidden concerns about the economic outlook of the United States. If market funds have the opportunity to choose the Swiss franc as a safe currency, the USD/CHF will likely fall below 0.9780 and test 0.96.

USD/JPY
109.70/109.85 resistance
109.20/108.95 Support
The stock market fell, the trade war heated up and other negative market factors, the funds turned to the yen as a hedge. Against the USDJPY, look for 109.20 and 108.95 support. If the stock market falls, there will be an opportunity to test. Short-term US dollar against the yen has the opportunity to fall to 108 levels.

AUDUSD 
0.7425/07435 resistance
0.7400/0.7385 support
This morning, Australia announced that its consumer confidence index had fallen from its previous value, and copper prices had fallen, which had negatively impacted the Australian dollar. If the US data or copper prices fall tonight, it will further weaken the Australian dollar.

NZDUSD 
0.6920/0.6935 resistance
0.6882/0.6870 support
The market is watching the New Zealand trade account tomorrow and the RBNZ policy interest rate and monetary policy orientation on Thursday. Investors are cautious. The hourly chart is building the pattern of head and shoulders and right shoulders. If the New Zealand dollar breaks through 0.6920, it will have the opportunity to represent an upward trend.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The oil price rebounded and supported the Canadian dollar. However, Canada’s important economic data is weak, and North American trade affects the future industrial exports of Canada. The Canadian dollar’s ​​gains are limited. Concerned about the development of oil prices, how to affect the Canadian dollar. In addition, wait and see more Canadian data performance, and look forward to breaking the short-term upper and lower range pattern.

EURGBP
0.8825/0.8840 resistance
0.8775/0.8755 support
This week's EU summit and the United Kingdom announced the draft of the Brexit white paper on the eve of the pound sterling risks and worries exist, the euro has a chance to rise against the pound. Short-term estimates will explore resistance above 0.8825. However, risk management must be maintained to prevent a reversal of the trend.

EURCHF 
1.1565/1.1585 resistance
1.1525/1.1505 support
The euro rebounded against the Swiss franc and went up to 1.1565 resistance. The Swiss franc has a chance to become a safe-haven asset, Swiss franc rebounded and the euro fell. Therefore, risk management must be maintained to prevent a reversal of the euro against the Swiss franc.

XAUUSD 
1264/1262 support
1270/1272 resistance
The US Dow fell and supported gold. Gold held above $1264 yesterday. It is estimated that the U.S. president’s continued influence on Sino-U.S. trade relations and the EU’s anti-tariff actions will start soon, and no any improvement, risk aversion will heat up and gold may return above 1310 U.S. dollars.

US crude oil futures:
69.15/69.35 resistance
68.05/67.45 Support
Crude trend is good, but the United States API announced the number of crude oil inventories. The price of oil will increase or decrease based on the number of inventories.

BTCUSD:
6232 / 6434 resistance ,
6032/  5820 support.
Bad news gone,  now if 6032 supports remains, rebounding maybe reaching to 6232 and 6434. If fail to rebound and fall, it maybe reach 5820 which is fist 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 AT Global Market, 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: 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.

 

 

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.06.25

Blog 25 Jun 2018, 2:44:17 PM

Personal opinion today:

Before the weekend, OPEC and non-OPEC oil producers finally reached a constructive agreement and decided to increase crude oil production appropriately from July. As the international crude oil market increased by nearly 1 million barrels a day in the second half of the year, the increase in production was below the market target and did not change the tightening trend of crude oil supply. As a result, prices were supported. Before the close of trading on Friday, the US crude oil price rose to near 69 USD.

At 16:00 this afternoon, Germany announced the business climate index, and the market is expected to decline. At 22:00 in the evening, the United States announced new home sales, and the market is expected to grow. Note that the U.S. dollar has the opportunity to perform better because of the data, which is bullish USD.

Today's proposal:

EURUSD 
1.1680/1.1700 resistance
1.1638/1.1611 support
The EU government will impose a 20% counter-tariff on U.S. imports, and the news stimulated the euro to rise. However, the U.S. side will fight back, I believe it needs to be observed and be careful about the risks. At 16:00 in the afternoon, Germany announced the business climate index, and the market is expected to decline. If the result is lower than expected, it will be negative for the euro.

GBPUSD
1.3280/1.3300 resistance
1.3205/1.3195 support
Last week, the Bank of England broke the interest rate, and one of the central bank’s voting members changed their attitudes in favor of raising interest rates, stimulating expectations of an increase in interest rates in the UK Bank in August. Together with the euro's rebound against the dollar, it supports the pound. However, it must be noted that the above factors lack actual reasons for support. There are also risks and worries ahead of the EU summit and the UK’s announcement of the Brexit White Paper this week. The exchange rate of the GBP/USD may be adjusted downwards, taking note of the risks.

USD/CHF
0.9865/0.9840 support
0.9935/0.9955 resistance
The Swiss Central Bank’s monetary policy last week, and the euro strengthened, bullish Swiss francs. However, after the good news, today's market expects the US economic data to perform better, bearish Swiss francs, and USD/CHF has the opportunity to adjust the rebound.

USD/JPY
109.70/109.85 resistance
109.20/108.95 support
As the Nikkei index fell this morning, the dollar fell against the yen. Technically, USD/JPY fell from the 110.76 and 110.20 levels respectively, and the support level has also moved downwards. Currently note 109.20 and 108.95 support. If the stock market falls, there will be an opportunity to test lower support.

AUDUSD 
0.7440/07452 resistance
0.7414/0.7405 support
The technical rebound in copper prices, coupled with the decline in the US dollar, supported the rise in the Australian dollar. Before viewing the results of the U.S. economic data tonight, the Australian dollar has the opportunity to adjust the next test support level. At 7:30 am tomorrow, Australia announces its consumer confidence index. Whether the result can be improved, and the Australian dollar will be better.

NZDUSD 
0.6912/0.6940 resistance
0.6885/0.6865 Support
Attention to the New Zealand dollar following the development of the Australian dollar, the New Zealand dollar showed an upward trend. If the U.S. economic data show a better than expected performance tonight, the New Zealand dollar may adjust its support for the next support. And the market is concerned about the Bank of New Zealand’s central bank’s interest rate and monetary policy orientation on Thursday.

USD/CAD
1.3335/1.3355 resistance
1.3270/1.3250 support
The oil price rebounded and supported the Canadian dollar. Unfortunately, last week's important Canadian economic data was weak, and the Canadian dollar’s rise was limited. If the US economic data show better performance this evening, the Canadian dollar can still find resistance. Of course, the Canadian dollar may still refer to the development of oil prices.

EUR/GBP
0.8800/0.8825 resistance
0.8775/0.8755 support
This week's EU summit and the United Kingdom announced the Brexit report on the eve of the sterling risks and worries exist, the euro has a chance to rise against the pound. If break the resistance, you will explore the resistance above 0.8825.

EURCHF 
1.1535/1.1550 resistance
1.1495/1.1480 support
The SNB policy remains unchanged, but its content tends to make the euro negative. The EUR/CHF trend is trending downwards. 1.1480 is an important short-term support.

XAUUSD 
1268/1266 support
1272/1275 resistance
Last week, the US economic data was weak and gold rose. Short-term economic risks continue to support gold. If the U.S. economic data show a better performance in the short-term tonight, gold has the opportunity to reverse the decline from resistance.

US crude oil futures:
69.15/69.45 resistance
67.65/67.25 support
The OPEC oil group meeting has passed. The oil price lacks other news and has the opportunity to adjust.

BTCUSD:
6232 / 6434 resistance ,
6032/ 5820 support.
Crypto currencies security alarms the block chain confidence. Couple of Japan block chain had hacked by someone, the bitcoin fell a lot on last Weekend. Now if 6032 supports remains, rebounding maybe 6232 and 6434. If fail to rebound and fall, it maybe reach 5820 which is fist 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 AT Global Market, 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: 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.

Blog

BLOG: AT Global Markets Malaysia Market Update 2018.06.22

Blog 22 Jun 2018, 3:57:41 PM

Personal opinion today:

The Bank of England held interest rates last night, the BOE kept interest rates unchanged, and the quantitative easing scale remained unchanged, but the number of members supporting the interest rate increase one more, as expected, positive the pound. Last night, the United States announced jobless claims decreased, but other economic data weakened the US dollar. Non-US currencies and gold rebounded. It is expected that the relevant data will be released by the United States tonight, and last night’s relevant data from the United States estimate that the US dollar will be negative. The major currencies against the US dollar and gold have the opportunity to rise. In addition, the OPEC meeting this afternoon and a press conference was held at 19:00 pm. The expected result and policy direction will affect the fluctuation of oil prices. In addition, Canada will release important economic data tonight. If the data is better than expected and last month, it will increase the Canadian dollar. But note that oil prices are often closely linked to the Canadian dollar. If the oil price rebounds already, the Canadian dollar has followed the rise. The results of Canadian data this evening will reduce the Canadian dollar's volatility.

Today's proposal:

EURUSD 
1.1625/1.1660 resistance
1.1575/1.1555 support
The interest rate statement of the Bank of England last night and the weak economic data of the United States made the euro more attractive. The U.S. economic data will have an opportunity to affect the U.S. dollar tonight and pay attention to the impact of the data performance on the euro.

GBPUSD
1.3280/1.3300 resistance
1.3205/1.3195 support
Bank of England monetary policy decision as expected yesterday, the central bank’s remarks and the proportion of voting members voted to stimulate the pound to rebound. However, attention is still paid to the issue of Brexit in the United Kingdom, hindering gains.

USD/CHF
0.9895/0.9880 support
0.9935/0.9955 resistance
Yesterday, the SNB’s interest rates and the Bank of England’s interest rates were met, Lido Ruilang. But after the good news, there is a chance to adjust.

USD/JPY
110.30/110.50 resistance
109.80/109.55 Support
The atmosphere in the stock market is good, and the dollar has the opportunity to challenge the above resistance against the yen. On the contrary, it may fall. Concerned about the stock market sentiment, there is an opportunity to support the rise of the dollar against the yen.

AUDUSD 
0.7400/07425 resistance
0.7355/0.7335 support
The decline in the price of copper has affected the downward trend of the Australian dollar. The trade negotiations have not been fruitful, and mineral prices have had a chance to continue falling, which has negatively impacted the Australian dollar. Short-term attention to the performance of the US economic data.

NZDUSD 
0.6882/0.6920 resistance
0.6815/0.6795 support
After the New Zealand dollar fell below 0.6882, it is estimated that it will test the low 0.6815. If the economic data of the United States is not good, the New Zealand dollar may first explore resistance.

USD/CAD
1.3325/1.3345 resistance
1.3270/1.3250 support
The OPEC meeting was held in the afternoon and it affected the price of oil. The announcement of two important economic data in Canada at night may make the Canadian dollar more volatile today.

EUR/GBP
0.8765/0.8785 resistance
0.8725/0.8705 support
The result of the Bank of England’s interest rate negotiations tended to be hawkish, which turned the euro against the pound. In the short term, if the pound is strong, the euro will tend to fall against the pound.

EURCHF 
1.1520/1.1535 resistance
1.1500/1.1485 support
The SNB policy remains unchanged, but its content tends to make the euro negative. The EUR/CHF trend is trending downwards.

XAUUSD :
1264/1262 support
1270/1272 resistance
The weak US economic data, the dollar fell, and gold rose. Short-term economic risks continue to support gold. If the U.S. economic data is equally subdued tonight, gold will have the opportunity to test resistance.

US crude oil futures:
64.65/64.25 support
67.35/67.65 resistance
The OPEC meeting was held today afternoon and the market expects to maintain the production cuts agreement. However, whether the results were not meet expectations will affect oil price fluctuations.

BTCUSD:
6782 / 6857 resistance ,
6432/ 6320 support.
By technical analysis show the bitcoin still at the upward, but now limited at ranging level. If positive news support, it could be rebound sharply. On the contrary, it may fall. 

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 AT Global Market, 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 metalssuch 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: 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.

Blog

BLOG: Trade tensions between the US and China escalate, risk of a trade war edges higher

Blog 22 Jun 2018, 10:06:48 AM

Concern over escalating tensions between the United States and China is on the verge of reaching a stage of commercial war after the White House threatened Beijing yesterday that the US president is ready to impose new tariffs on Chinese goods worth $200 billion.

This was a response from the White House following news that China would impose new tariffs of 25% on US goods worth $50 billion, done in reciprocity if the US president implements his decision to impose the first tranche of tariffs on Chinese goods worth $50 billion.

The White House trade adviser said on Tuesday the 19th of June 2018 that China has underestimated U.S. President Donald Trump's resolve to impose more tariffs unless it changes its "predatory" trade practices.

It is clear that the campaign leader from the US administration is White House trade adviser Peter Navarro, who is well listened to by the US president.

The list of US goods that may be hit with Chinese tariffs of 25% starting from the 6th of July was announced by government sources in China and will include agricultural products targeting US farmers in the US, likely due to their support of the US president in the 2016 presidential elections. But the list may also include Chinese imports of US shale oil, which in one way or another will affect US oil producers, especially given that China is the largest customer for US crude, importing about 363,000 barrels per day in the last six months ending in March. Thomson Reuters shipping data shows those exports have increased since, rising to an expected 450,000 bpd in July.

And on the other side, in an official statement from the Chinese government which directly accused the United States of "extreme pressure and blackmailing" and vowing to retaliate, China's Commerce Ministry said Beijing will fight back with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods.

The impact of all these developments on the financial markets was clear as Shanghai stocks plunged to two-year lows. The Dow Jones Industrial Average was down by 1.15% and gave up all its 2018 gains, while the S&P 500 dropped 0.4% by Tuesday’s close.

Legal: 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.Legal: 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.

Blog

BLOG: AT Global Market Malaysia Market Update 2018.06.20

Blog 20 Jun 2018, 11:06:43 AM

Personal opinion today:

The trade war between China and the United States escalated. The Dow once opened lower yesterday and fell more than 400 points from Monday's close, but it recovered from late gains and narrowed its decline. The fall in Japan’s Nikkei index led the dollar to fall against the yen, which was once 109.55 against the yen. Subsequently, the stock market regained some lost ground. The dollar rose against the yen and returned more than 110. Sino-U.S. trade tensions have affected China’s economic partners, and the Australian and New Zealand dollars have fallen. When the Australian dollar fell more than the New Zealand dollar, the New Zealand dollar held above the low of 0.6882 at the end of May. From June 22 to the weekend, the OPEC oil group meeting, the market is waiting for the influence and details of the proposed oil production increase of 30 to 600,000 barrels. In addition, the US API crude oil inventories have decreased, and the result has surpassed market expectations and the oil price has stabilized.

Sino-U.S. trade relations deteriorated, and the stock market fell, but did not stimulate the sharp rise in gold. Now it seems that the market is not afraid of the trade war between China and the United States. It is believed that the market will recovery the investment interest, and global stock markets are expected to rebound and correct the decline.

Today's proposal:

EURUSD 
1.1570/1.1555 support
1.1615/1.1630 resistance
The deterioration of Sino-US trade relations has not affected the euro area geographically. However, the United States also threatens Europe with regard to EU trade tariffs, and believes that it will also affect the euro. Therefore, it is assumed that the 10-day and 20-day moving averages are important resistance at 1.1675.

GBPUSD
1.3150/1.3110 support
1.3195/1.3215 resistance
This Thursday, the BOE interest rates decision. The increase in consumer data in the United Kingdom last week is believed to help improve investor confidence. The market believes that the central bank will keep interest rates unchanged, but expects interest rate hikes to be bullish for next meeting.

USD/CHF
0.9965/0.9985 resistance
0.9930/0.9915 support
If the euro can adjust to rebound, It believe that the US dollar against the Swiss franc will adjust the decline. At present, there is no reference to the Swiss data. The trend of the euro will directly drive the trend of the Swiss franc.

USD/JPY
110.25/110.40 resistance
109.80/109.60 support
The deterioration of the trade between China and the United States affected the decline of Japan’s Nikkei index yesterday, and the USDJPY trend following. The current market sentiment has gradually stabilized and the short-term USD/JPY is expected to have a chance to rise. 110.25 and 110.40 A’s important resistance.

AUDUSD 
0.7375/0.7355 Support
0.7415/0.7435 resistance
China's trade is affected by U.S. tariffs, which is also unfavorable to the Australian economy and negatively affecting the Australian dollar. However, if China and the United States release their friendship and solve the problem before applying the tariff in early July, this may be beneficial to the Australian dollar. Today, we can also observe the market conditions. If we see stability, we may see the Australian dollar rebound.

NZDUSD 
0.6895/0.6885 support
0.6930/0.6950 resistance
This morning New Zealand announced that its current account results have risen, positive for New Zealand dollar. Estimates are positive for New Zealand's GDP forecast tomorrow morning, seems positive New Zealand dollar.

USD/CAD
1.3315/1.3335 resistance
1.3250/1.3230 support
The North American trade agreement strikes against Canadian exports and bears the Canadian dollar. But in the next two days, Canada will release important data and have the opportunity to increase the Canadian dollar. In addition, the market is waiting for the upcoming OPEC oil group meeting to determine the crude oil production resolution. The rise in oil prices may prevent the Canadian dollar from falling.

EUR/GBP
0.8785/0.8775 support
0.8805/0.8820 resistance
With the BOE interest rate decision approaching, there is a chance for the pound to rise. It is only that the market waits for the outcome of the negotiations between Britain and the European Union. The pound is downward and the euro is rising against the pound. If the incident is clear, the pound will rebound and the euro may fall against the pound.

EURCHF 
1.1550/1.1565 resistance
1.1515/1.1505 support
Technically, the euro strengthened, the euro rose against the Swiss franc. In short-term EUR/CHF breaks through 1.1525 and has the opportunity to explore resistance at 1.1565 or above.

XAUUSD 
1273/1271 support
1277/1280 resistance
The trade war has warmed up and gold has been supported. Just behind the market, it still believe that the US economic outlook is promising and that the tightening of interest rate policies has made the US dollar strong, suppressing gold. However, the trade war will affect the global economy, and the United States stands alone. Finally, the weak economic data may cause the dollar to fall, support gold. The short-term gold 1271/1270 may have bottomed out and have the opportunity to adjust the rise.

US crude oil futures:
64.65/64.25 support
65.65/65.90 resistance
At the OPEC oil group meeting on June 22, the market expects to maintain the proportion of production cuts. However, the U.S. government formally announced that it would impose higher tariffs on many countries, which would have negatively affected oil prices. During the OPEC meeting, it was estimated that the price of oil remained downward.

BTCUSD:
6720 / 6835 resistance ,
6400/ 6280 support.
Investors confidence recovered, the crypto currencies, rebound. But the confidence seems not fully come back, the bitcoin’s still uncertainty. In this period, suggests follow technical analysis trading while without any fundamental follow.

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: 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

Blog

BLOG: AT Global Market Malaysia Market Update 2018.06.19

Blog 19 Jun 2018, 1:50:44 PM

Personal opinion today:

The Sino-U.S. trade relationship deteriorated. The Dow had fallen by more than 200 points and recovered in the late session. It eventually fell by 103 points. The investment sentiment was affected by the tightness of trade relations. Last night, Hang Seng Index fell in US market. Hong Kong stocks opened 310 points lower this morning, a drop of 1%, breaking the psychological barrier of 30000 points. China was directly affected by the trade war and the Shanghai Composite Index and Shenzhen Component Index fell. The trade war brought global stock markets down, gold and yen became safe-haven instruments, Asian markets began, risk aversion increased, and gold rose from low levels. Japan's Nikkei fell 0.1%, while the dollar fell 0.4% against the yen. Commodity currencies also fell, with Australian Dollars, New Zealand Dollars and Canadian Dollars, and Australian Dollars falling more than other commodity currencies. Under the deterioration of trade relations, short-term beneficiaries believe that it is the U.S. dollar and the European currency. Afterwards, it was exposed to the risk hedging effect of funds, and it gained upward on yen and gold.

The deterioration of trade relations has affected the tension and worries of the investment climate and has adversely affected the market. If both sides cannot improve the relationship, I believe that in the short term, the market will continue to be pessimistic and the current trends seen cannot be changed. Today at 16:00, the euro zone announced its current account, but it believes that there is no strong stimulus to the euro and expects the data to be stable, which will benefit the euro. At 20:30 in the evening, the United States announced the start of construction of new houses and construction permits. Then at 20:55, the United States announced commercial retail sales. Based on the above data, the market expects more than US dollars. A sharp increase in retail sales in the UK from last week may help the Bank of England interest rate expectations on Thursday to benefit for pound.

Today's proposal:

EURUSD 
1.1610/1.1590 support
1.1655/1.1670 resistance
Sino-U.S. trade relations have deteriorated and there has been no impact on the euro zone in geographical trade. However, the United States has also raised tariffs on certain goods in Europe. At present, Europe still has expressed its anti-sanctions. It is believe there is downward on the euro. Technically, 1.1673 is an important resistance at present, and 1.1565 is an important support.

GBPUSD
1.335/1.3210 support
1.3295/1.3315 resistance
This week on Thursday, the Bank of England will announce monetary policy decision. The increase in consumer data in the United Kingdom last week is believed to improve investor confidence in GBP. Looking forward to rate hike expectations, pound upward.

USD/CHF
0.9955/0.9975 resistance
0.9905/0.9885 Support
The euro exchange rate rose in recent days, good for CHF, the US dollar against Swiss franc adjusted downward as expected. It is believed that the trend of the euro directly drives the trend of the Swiss franc.

USD/JPY
110.25/110.40 resistance
109.80/109.50 support
The deterioration of the trade between China and the United States affected the decline of Japan’s Nikkei index this morning, and the US dollar was following the Japanese yen. The short-term USD/JPY is expected to remain in synchrony.

AUDUSD 
0.7425/0.7440 resistance
0.7385/0.7360 support
The performance of the Australian economic data this morning was slower than that of the previous month. The Australian dollar once fell below 0.74. In addition, the Australian economy and China’s economy are closely related, and China’s trade is affected. The Australian economy is also affected and the Australian dollar is negative.

NZDUSD 
0.6950/0.6965 resistance
0.6915/0.6900 support
The dollar is strong and bears the New Zealand dollar. The Australian and Chinese economies also affect the New Zealand dollar, and the short-term Australian dollar trend may drive the New Zealand dollar.

USD/CAD
1.3170/1.3150 support
1.3230/1.3250 resistance
As the trade tariff arguments that heating up, there is a chance that oil prices will be downward. The Canadian dollar is still bearish. The market will wait for the 22nd meeting of the OPEC, oil group to determine the increase or decrease in crude oil production.

EUR/GBP
0.8705/0.8690 support
0.8755/0.8770 resistance
With the BOE, Bank of England interest rate approaching, the sterling pound has a chance to rise and the euro is expected to fall against the pound.

EURCHF 
1.1585/1.1600 resistance
1.1530/1.1520 support
Technically, the euro fell against the Swiss franc. 1.1585 is an important short-term resistance.

XAUUSD :
1281/1278 support
1287/1290 resistance
As expected yesterday, the short-term trade tariff is heating up, and Gold has the opportunity to be supported. Keep watching the trade tariffs development.

US crude oil futures:
64.65/64.25 support
65.65/65.90 resistance
At the OPEC oil group meeting on June 22, the market expects to maintain a production cut agreement. However, the U.S. government formally announced that it would impose higher tariffs on many countries, which would have negatively affected oil prices. During the OPEC meeting, it was estimated that the price of oil was under downward. Then the meeting progressed to support the price of oil.

BTCUSD:
6720 / 6835 resistance ,
6400/  6280 support.
US will not control the crypto currencies, they are allowed they trade as like a free market. But maybe the other countries still have different point of view or some countries still keep allow and some countries maybe follow. The bitcoin’s trend still seems uncertainty. In this period, suggests follow technical analysis trading while without any fundamental follow.

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 AT Global Market, 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: 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.

 

Blog

BLOG: ATFX Market Update 2018.06.14

Blog 14 Jun 2018, 10:59:37 AM

Personal opinion today:

The Federal Reserve Board announced the monetary policy meeting in June this morning and the result has been set. After the interest rate, the Fed chairman said that the plan will gradually increase the pace of interest rate increase, but did not disclose the specific time. The time for the next Fed's meeting will be August 2. The market estimates that the interest rate increase will reach 60%. As always, all the data on the U.S. economy and job market during this period will be shown, and the chances of raising interest rates for the next time will be explored. Because of the central bank's decision-making, most of them observe the job market and inflation performance. Tonight, the United States announced important data such as the number of initial jobless claims, retail sales, and commercial inventory. Currently, the market expects that all U.S. data will increase from the previous month. If the data performance is better than market expectations, the U.S. dollar will have a chance to maintain its strength in the short term.

The Fed decision ended and the ECB will issue a monetary policy decision tonight. If the European Central Bank press conference at the press conference can disclose the situation regarding the delisting plan, it will result in fluctuations in the exchange rate of the euro.

Today's proposal:

EURUSD 
1.1835/1.1860 resistance
1.1730/1.1715 support
The ECB will issue a monetary policy decision tonight and it is estimated that the market conditions will fluctuate. Concerned about the contents of the policy decision, the outlook for the euro changed, and the hawks tightened their monetary policy to benefit the euro. On the contrary, maintaining a loose monetary policy for doves has negatively affected the euro.

GBPUSD
1.3415/1.3435 resistance
1.3340/1.3320 support
Before the European Central Bank meeting, the United Kingdom will publish retail sales data in the afternoon. The market is expected to fall from the previous month and increase compared to last year, keeping an eye on the final announcement of data. In addition, the US data performance tonight impacted the pound.

USD/CHF
0.9885/0.9905 resistance
0.9835/0.9815 support
After the euro zone and UK data were announced in the afternoon, if the data is good and the euro will rise, the dollar will against the Swiss franc downward.

USD/JPY
110.15/109.85 support
110.55/110.75 resistance
When the Federal Reserve Board announced the rate hike, the dollar rose against the yen, but recovered soon. The reason is that the central bank will hold interest rates on the morning of tomorrow and the Governor of the Central Bank will speak in the afternoon. The market is flat and waiting for the direction of monetary policy.

AUDUSD 
0.7585/0.7605 resistance
0.7535/0.7505 support
The performance of Australian employment data this morning was not as expected. Although the unemployment rate decreased, only the number of part-time workers increased while other figures fell. The United States announced various data tonight and the short-term Australian dollar was downward.

NZDUSD 
0.7035/0.7055 resistance
0.6980/0.6965 support
The market expects the United States to announce various figures tonight that have risen from the previous month. If the data show better than market expectations, the New Zealand dollar may have a chance to fall. If the economic data of New Zealand does not have outstanding performance tomorrow, it will be difficult for the New Zealand dollar to rise.

USD/CAD
1.3020/1.3040 resistance
1.2950/1.2930 support
The Fed eased its downtrend after meeting interest rates. Coupled with the rise in oil prices, support for the Canadian dollar. It is worth noting the impact of the US data and oil prices on the Canadian dollar this evening.

EUR/GBP
0.8835/0.8850 resistance
0.8785/0.8770 support
After the UK data in the afternoon, the market focused on the ECB’s monetary policy decision. If the European Central Bank implements a delisting plan, the euro will be stronger and the euro may rise against the pound. On the contrary, it fell.

EURCHF 
1.1635/1.1650 resistance
1.1590/1.1570 support
European Central Bank monetary policy announcement tonight, if the euro performs better, the euro may decline against the Swiss franc. The overall performance of the euro and the Swiss franc is stable, and it is expected that the euro will maintain its range against the Swiss franc.

XAUUSD
1301/1303 resistance
1294/1292 support
Short-term factors, the United States will publish jobless claim and retail sales data tonight, these data are expected to be good, gold prices have an opportunity to go down.

US crude oil futures:
66.85/67.05 resistance
65.95/65.70 support
Crude oil stocks fell and oil prices rebounded. As mentioned recently, before the OPEC meeting on June 22, it will more uncertain and make the price fluctuate. In short term tonight, during the ECB’s monetary policy resolution and press conference tonight and the release of US economic data, oil prices may fluctuate.

BTCUSD:
6420 / 6635 resistance ,
6170/ 6020 support.
Many issues affected crypto currencies. Such hacker attract block chain systems and stolen, which alerted security issue and concern. The confidence still not covered yet, the bitcoin keep fell slowly, other crypto currencies as follows. 

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 AT Global Market, 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: 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.

Blog

BLOG: ATFX Market Update 2018.06.12

Blog 12 Jun 2018, 5:13:31 PM

Personal opinion today:

 

US President Trump and North Korean leader Kim Jong-un held a summit in Singapore this morning. Foreign Power quoted officials of the White House yesterday as saying that the two had first one-on-one talks and lasted about two hours. After that, the two sides’ consultants joined to expand bilateral meetings. Trump said earlier that he expects to reach a consensus with North Korea to make the other party give up its nuclear weapons.

North Korea reports that Kim Jong-un’s meeting with Trump is a matter of seeking to establish new DPRK-US relations and discuss plans to achieve permanent peace on the Peninsula. Both are also moving in the direction of peace, lifting the threat and will hopefully consolidate the political and economic development in the Asian region. The investment climate is expected to further improve. Seen yesterday, the atmosphere on the eve of the meeting was good. The US Dow futures and Japan’s Nikkei index had risen. China and Hong Kong stock markets also have buying orders. As the stock market rose, the dollar also rebounded against the yen and broke through 110. If the two parties further reach a consensus, the stock market is expected to rise. The USD/JPY may rise to 110.60 in the short term or challenge the 111.35 high in May. The rise in gold is further pressured. If the talks break down and market risk heats up, the dollar may fall against the yen, and gold may break the resistance.

 

In terms of European currency, yesterday's data in Italy and the United Kingdom in the Eurozone fell far below market expectations and fell from the previous month, with the Euro and British pound falling, respectively. If today's Eurozone economic prosperity index and UK employment data again disappoint the market, the market will expect the ECB to adjust its monetary policy on Thursday evening, and the euro and sterling may fall. Worthy of attention. In the end, today the US-DPRK meeting will end. If good news can be announced at the end, investment sentiment is heating up, the stock market can rise, safe-haven funds flow out of gold, and the yen brings down. Conversely, if the meeting does not result in a rise in risk, it will affect investment sentiment.

 

Today's proposal:

 

EURUSD 

1.1795/1.1820 resistance

1.1740/1.1725 support

After the euro zone's German economic prosperity index in the afternoon, if the market is disappointed, the ECB will have difficulty adjusting its monetary policy on Thursday evening and the euro may fall. Current reference to the EUR/USD major support at 1.1725 and resistance at 1.1835.

 

GBPUSD

1.3385/1.3440 resistance

1.3340/1.3300 support

In the afternoon, the United Kingdom released employment data. The market valued this data. Please note the results and impact. Sterling short-term reference support at 1.3340 and resistance at 1.3440.

 

USD/CHF

0.9865/0.9885 resistance

0.9825/0.9800 support

The trend of the Swiss franc continues to follow the development of the euro. If the data in the euro zone is good in the afternoon, it will be Lidoruilang.

 

USD/JPY

109.65/109.85 resistance

109.25/109.00 Support

Global stock markets rose yesterday, Japan's Nikkei index rose, and the US dollar rebounded against the yen, breaking 110. If the U.S. and DPRK conference parties reach a consensus, the stock market is expected to rise. The U.S. dollar may rise to 110.60 against the yen in the short term or challenge the 111.35 high in May. Lido dollar is against the yen.

 

AUDUSD 

0.7625/0.7645 resistance

0.7585/0.7565 Support

Australian real estate loan approvals improved this morning, but business confidence and sentiment fell. The former has a good development of monetary policy, and the latter is waiting for the outcome of the US-North Korea peace conference. Short-term concerns about US consumer price index performance tonight.

 

NZDUSD 

0.7025/0.7040 resistance

0.6990/0.6970 support

The U.S. and DPRK leaders met and the two parties are moving toward peace and stability and establishing good relations. It is expected that the two sides will finally reach a consensus on peace, long-term political and economic development, and promote New Zealand's exports. The U.S. announced the consumer price index tonight and the New Zealand dollar has a chance to fall against the U.S. dollar. Tomorrow morning New Zealand announced the May Food Export Price Index and Australia announced the Consumer Confidence Index. If the results show a drop, it will not favor the New Zealand dollar. Short-term concern is the important resistance of 0.7055, and the important support is 0.6955.

 

USD/CAD

1.2955/1.2930 support

1.3025/1.3055 resistance

Earlier, the G7 summit ended earlier. President Trump of the United States stated that it will not sign a joint statement and criticize the Canadian Prime Minister. The Canadian dollar is under pressure. The failure to negotiate the North American trade agreement, crude oil demand may be under pressure, crude oil prices once rebounded and was weak, unfavorable to the Canadian dollar.

 

EUR/GBP

0.8820/0.8835 resistance

0.8785/0.8760 support

After the euro zone announced the German economic sentiment index in the afternoon, if the market is disappointed, the ECB’s monetary policy may be affected. In the afternoon, the United Kingdom announced important employment data. Therefore, it is necessary to pay attention to the performance of EURGBP at the time of publication.

 

EURCHF 

1.1630/1.1645 resistance

1.1570/1.1550 support

In the afternoon, the Eurozone announced the German economic sentiment index, which this week focused on the European Central Bank’s monetary policy. If the euro performs better, EURCHF up.

 

XAUUSD 

1301/1303 resistance

1294/1292 support

The U.S.-DPRK talks moved towards positive development. The stock market rose and gold prices fell slightly. If both parties can reach a consensus today, they can achieve peace and economic development. Gold has the opportunity to go down further. The current gold price resistance is located at $1303 and the support is at $1292. If the price of gold falls, there is a chance that the silver trend will follow. Silver price resistance, 17.05, below support 16.62 and 16.32.

 

US crude oil futures:

66.45/67.45 resistance

64.85/64.20 support

The OPEC oil group expressed its against to increasing output that supporting oil prices. Before the meeting of the oil group on June 22, the price still fluctuation. Midnight the EIA report, and  tomorrow morning and evening report , that will show the demand and supply of the oil prices. The technical trend turned strong.

 

BTCUSD:

7000 / 7235 resistance ,

6690/  6420 support.

The US investment investigator that news affect the bitcoin investment confidence. Seems the confidence back, the price break a short term resistance. If the price keeps 6690 or above and break 7000, the trend could go up.

 

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 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.

Blog

BLOG: ATFX Market Updates_20180521

Blog 21 May 2018, 3:55:52 PM
Looking at the Sino-US trade war in the past weekend as if the parties had reached a settlement, the United States may get the 
Chinese side to reduce the scale of US trade deficit with China, and China will also strengthen openness for investment opportunities. 
The current situation in the United States seems to receive greater trade benefits. It also benefits the U.S. president’s midterm 
election and benefits the U.S. dollar. As the Asian market opened this morning, the dollar rose to more than 6.37 yuan against the 
yuan. The US dollar index rose compared to last Friday. Earlier in the Asian session this morning, it broke the  last high of 93.8, 
causing the European currency and gold to fall. However, under the expectation of economic support supported by the cooling of the 
trade war between China and the United States, commodity currencies and oil prices are generally supported by an increase. 
The Australian dollar and New Zealand dollar opened higher this morning, but New Zealand’s retail sales fell in the first quarter, 
the New Zealand dollar fell, and the Australian dollar fell at the same time. However, the market is generally expected that the 
good news of Sino-US trade war will help drive future Australian and New Zealand resources out which could stabilised between the 
Australian New Zealand  economy and local currency.
In the next two days, there is no important data released in the United States. Tonight, only the Chicago Fed National Activity 
Index in US and Canada's national economic confidence index last week were used as reference indicators for the US dollar and the 
Canadian dollar. Starting on Wednesday, Europe and the United States will successively release important economic data. The market 
expects that the consumption, inflation, employment and production data announced in Europe this week will generally win the previous 
month, especially the rise in UK consumer price index, retail price index and retail sales. Comparing the increase in the previous 
month’s increase, it has the opportunity to benefit to European currencies.

Today's proposal:
EURUSD:
1.1745/1.1730 support
1.1795/1.1810 resistance
The trade war between China and the United States has cooled and capital has flowed to Asia, which may have an impact on Europe’s 
economy and currency, which will negatively affect the euro. However, this week we expect the economic data of the European region 
to increase, and the economic data of the United States is expected to slow down. If we look at the short-term trend in the future, 
we may have the opportunity to benefit the euro. If the euro stabilizes after the opening of the European market in the afternoon, 
the euro will have the opportunity to explore the 1.18 range.
GBPUSD:
1.3440/1.3420 support
1.3505/1.3525 resistance
The trade war between China and the United States has cooled, capital flows to Asia, and the euro and the sterling pound are negative. 
However, this week we expect the economic data of the European region to show an increase. In particular, the price inflation and 
retail sales in the UK are show to expand on this Wednesday and Thursday data, and it is expected that this week's economic data will 
slow down and have the opportunity to benefit more from the sterling pound. If the European currency is generally stable after the 
opening of the European market in the afternoon, the sterling pound will have the opportunity to test the 1.35 range.
USD/CHF
1.0010/1.0025 resistance
0.9965/0.9950 Support
Prior to the US market close on Friday, the US dollar had a range of 0.9970/50 expected support. After the US-China trade cooled over 
the weekend, the US dollar rebounded against the Swiss franc. However, it is estimated that the cooling of the trade war between China 
and the United States will also benefit the European economy, and the market expects that the European economic data this week will be 
better than the United States, which will be negative for the US dollar.
USD/JPY:
111.15/111.35 resistance
110.75/110.55 support
Japan’s economic data performed better than last month, and the Nikkei index rose. The dollar rose to 111 against the yen. However, 
as the market expects US economic data this week may show as slow down, there is a chance that the dollar will fall against the yen.
AUDUSD 
0.7555/0.7570 resistance
0.7515/0.7500 support
Under the cooling of the trade war between China and the United States, the economy will help Australia's exports, and it will be worth 
more than the Australian dollar. If the U.S. economy is expected to slow down this week, the decline in the U.S. dollar will benefit the Australian dollar.
NZDUSD 
0.6935/0.6950 resistance
0.6885/0.6870 support
Retail sales in New Zealand fell in the first quarter this morning, and the New Zealand dollar fell slightly. After the market is 
estimated to be digested, it will follow the pace of the Australian dollar.
USD/CAD
1.2895/1.2925 resistance
1.2830/1.2810 support
Oil prices continue to dominate the overall direction of the Canadian dollar. After the trade war between China and the United States 
cooled, it supported a rebound in oil prices. Lido and Canadian dollars were expected. Under the expected further rise in oil prices, 
the US dollar may fall against the Canadian dollar.
EUR/GBP
0.8750/0.8780 resistance
0.8685/0.8665 support
It is estimated that the short-term EUR/GBP continues its downward trend, and the current concern is that the EUR/GBP may have the 
opportunity to continue falling after adjusting to resistance. If the short-term breakthrough of 0.8780, the trend has the opportunity 
to reverse the rise.
EURCHF 
1.1775/1.1805 Resistance
1.1705/1.1685 support
Continue to estimate that the EUR/CHF keeps falling. If 1.1805 breaks, the trend will be reversed.
XAUUSD :
1292/1295 resistance
1285/1282 support
The fundamentals show that it could be bearish gold in short term, resistance 1292 and 1295. However, if US Treasury yields slow down, 
or the market ahead of schedule reflects US data forecasts this week, gold will have the opportunity to reach and break the resistance.
US crude oil futures:
72.15/72.40 resistance
71.55/71.35 support
Political factors stimulated oil prices to be supported. However, if the oil price still fails to break through the recent resistance, 
there is a chance to reverse the downward trend.
BTCUSD:
8750 / 9050 resistance ,
8250/7950 support.
As our prediction last week, if the bitcoin higher than 7500 support by technical analysis, it seems a uptrend in short term.  If now 
the Bitcoin keeps 8250 or 7950, the trend still on uptrend and go further higher levels.
The above is for reference only; the market is risky and investment needs to be cautious. Trading must pay attention to risk management! 
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.

​​​​​​​

Blog

BLOG: ATFX Market Updates_20180518

Blog 18 May 2018, 10:45:38 AM
Yesterday's the Eurozone construction output data was better than expected, but due to the low impact of the data, the euro 
did not rise significantly. Last night, the number of U.S. jobless claims increased, but the number of continuing applicants 
decreased. The U.S. Philadelphia Federal Reserve Manufacturing Index and U.S. leading indicators were both higher than market 
expectations, which was positive for the U.S. dollar and the U.S. Dow Jones Industrial Average had risen. In recent months, 
important economic data in the United States showed an increase in performance. The increase in interest rates in the United 
States was expected to increase. The yield on the ten-year Treasury bonds in the United States remained at a range of 3.1%, 
resulting in the US dollar remaining strong against major currencies and gold and silver downtrend. If the U.S. data show a 
slowdown in the future, U.S. Treasury yields turn lower and the U.S. dollar declines, or the performance of European economic 
data increases, there will be opportunities to bring about the rise of European currencies, commodity currencies, and gold. 
Otherwise, the US dollar remains strong against the major currencies in the short term, and gold and silver remain downward.

This afternoon, Germany announced the production price index and the euro area current account and trade account, the importance 
of which is neutral. If the above figures are significantly higher than market expectations and previous values, it is estimated 
that these figures did not significantly stimulate the euro’s rise. In the evening, Canada released consumer price index and 
retail sales to reflect inflation data, among which the core consumer price index and core retail sales are of high importance. 
The current market is expected to grow faster than last month and is expected to be worth more Canadian dollars before the 
announcement. Since there is no important data released in the United States tonight, plus the Friday position adjustment, before 
the close of the weekend, the U.S. dollar may adjust downwards, and European currencies and commodity currencies will have the 
opportunity to adjust and rise. Gold and silver are also the same. The price of oil may also be down to the next level of support.


Today's proposal:

EURUSD:
1.1825/1.1840 resistance
1.1785/1.1770 support
The euro zone economy has not shown outstanding performance. Central bank officials stated that monetary policy has remained loose, 
and that the U.S. economy has performed strongly, which has negatively affected the euro. However, with the release of a number of 
economic data in the United States, and no data released today, the market has the opportunity to adjust and the euro has a chance 
to rise.

GBPUSD:
1.3560/1.3580 resistance
1.3485/1.3470 support
There is no UK and U.S. data today, but the performance of data in Germany and the euro zone in the afternoon may affect sterling 
pounds. Starting in the evening, because there is no U.S. data released today, the market has the opportunity to adjust, and the 
sterling pound has the opportunity to go up.

USDCHF
1.0020/1.0035 resistance
0.9985/0.9970 Support
Since there is no reference data in the Swiss today, the market mainly refers to the trend of the euro. If there is a chance for 
the euro to rise, the USD/CHF may test reference support, such as 0.9985/70.

USDJPY:
111.15/111.35 resistance
110.75/110.55 support
This morning, Japan announced the national consumer price index, which was lower than market expectations and fell compared with 
last year, negatively affecting the yen. However, it is believed that as the dollar's rise begins to slow down, the yen will have 
a chance to adjust, and the US dollar may fall after breaking the 111 against the Japanese yen.


AUDUSD
0.7525/0.7540 resistance
0.7485/0.7470 support
Yesterday’s Australian employment data showed that the employment population has increased significantly positive for AUD. However, 
the performance of the US economic data is still positive as well and it made the Australian dollar fell. There is no U.S. data 
today and the Australian dollar has the opportunity to adjust and up.

NZDUSD
0.6925/0.6940 resistance
0.6865/0.6850 support
The global food price index is rising will benefit New Zealand trade exports. If the dollar falls or the Australian dollar rises, 
it is expected that the New Zealand dollar will rise following the Australian dollar trend.

USDCAD
1.2845/1.2860 resistance
1.2760/1.2740 support
The oil price dominated the trend of the Canadian dollar. The oil price adjustment fell yesterday, and the US dollar returned over 
1.2800. However, Canada announced two important economic data tonight. If the data has better performance, it could positive 
Canadian dollar. 

EURGBP
0.8735/0.8755 resistance
0.8685/0.8665 support
We estimate short-term EUR/GBP downward, if the EUR/GBP resistance 0.8755 does not break through, the trend will continue downtrend.

EURCHF
1.1840/1.1855 resistance
1.1785/1.1765 support
In the afternoon, the euro zone announced important data. It was estimated that the euro had a chance to rise against the Swiss 
franc. If 1.1840/55 still fails to break through, it is estimated that the trend will maintain a downward trend.

XAUUSD
1293/1295 resistance
1286/1283 support
The current market, due to the rise in the yield of US Treasury bonds, has benefited the US dollar and the widening of interest margin 
has led to the suppression of gold. However, the fundamentals are greatly affected by political factors, and they will have an impact 
on gold. The gold could be rebound if any political factor happened.

US crude oil futures:
71.85/72.00 resistance
71.25/71.05 support
Due to the reduction in crude oil inventories, which stimulated the rise in oil prices and the influence of political atmosphere, 
yesterday's oil price once saw a break of near-term resistance at 72.25. Technically, the trend of oil prices maintains upward trend, 
but we must pay attention to adjustments and pay attention to technical support at 71 dollars.

BTCUSD:
8250 / 8450 resistance ,
7750/7500 support.
The investor worried the Government control crypto currency trade and transaction, bitcoin and other crypto currencies fell recently. 
After the global block chain forum, it seems a confident back. By technically, if the bitcoin higher than 7500 support, it seems a 
uptrend in short term.

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

Blog

BLOG: ATFX Market Updates_20180517

Blog 17 May 2018, 11:23:41 AM
Yesterday, the market expected the euro zone CPl to increase compared to the previous month. The euro once tested the resistance at 
1.1855 and the result fell after the announcement. Subsequently, because the Italian Five-Star Movement Party was discussing the 
issue of government debt relief, causing market concerns, Italy's national debt was in jeopardy, and the stock market fell. Under 
the influence of the euro, it was low at 1.1772, hitting a year-end low. The European currency pound was also affected and fell. 
After news digested and US housing data did not reach market expectations, the dollar fell and the euro returned to the 1.18 level. 
The pound sterling rebounded this morning and returned to the 1.35 level. Yesterday, the yield of US Treasury bonds rose again, and 
gold continued to be under pressure, breaking through the previous day's low, with a low of nearly 1,286. Silver fell in synchrony 
with gold and was once low at 16.16. With regard to oil prices, crude oil inventories have decreased, and oil prices have again risen, 
again approaching the high of 71.85 in this month.

This morning, employment statistics were released in Australia. The number of part-time employees decreased, and the unemployment 
rate increased. However, the number of employed people and full-time employment increased significantly, affecting the Australian 
dollar. In the afternoon, European data shows only the euro area construction output data, which is expected to have little impact. 
The market believes that the United States pays attention to the number of U.S. jobless claims tonight, the U.S. Philadelphia Federal 
Reserve Manufacturing Index and U.S. leading indicators. Because the market will use the above data to assess future consumption and 
employment conditions to monetary policy and interest rates. If the data is not good, it is possible to ease the yield of US Treasury 
bonds, which will cause the dollar to fall, bring about the rise of European currencies, commodity currencies and gold; however, the 
rise in oil prices may be under control.

Today's proposal:

EURUSD:
1.1845/1.1860 resistance
1.1795/1.1780 support
The economic growth in the euro zone remained flat, but US consumption and economic growth were forecast to rise. US Treasury bond 
yields continued to be high, widening the interest gap between the US dollar and the euro, resulting in the inflow of euro funds 
into the US dollar. However, no economic data will announced by the United States, if the European data in the next two days are 
positive, the euro will have a chance to rebound and may test the resistance at 1.1860.

GBPUSD:
1.3580/1.3600 resistance
1.3515/1.3495 support
In the next two days, the United Kingdom has no data to publish a test, I believe that the trend of the sterling pound will be 
synchronized with the euro. It is believed that the short-term the sterling pound formed consolidation at 1.3460, technically it 
needs to adjust and test the resistance at 1.3615.

USD/CHF
0.9970/0.9950 support
1.0020/1.0040 resistance
Yesterday the Italian news mainly affected the euro and had little impact on the Swiss franc. If the euro has the opportunity to 
rise and make an estimate, the USD/CHF may test near 0.9970/50.

USDJPY:
110.55/110.75 resistance
110.05/109.95 support
Japan announces the national consumer price index tomorrow morning, and the market is expected to decline from last year. The 
monthly rate may maintain negative growth, which will negatively the yen. However, it is believed that with the slowdown in the 
dollar's rise, the yen will have a chance to adjust. Note that the USD/JPY have a chance to adjust risk.

AUDUSD
0.7555/0.7570 resistance
0.7515/0.7500 support
The Australian employment data results in this morning, the number of employed people and full-time employers increased significantly, 
it is estimated that the Australian dollar will test the first-tier resistance at 0.7555/70.

NZDUSD
0.6945/0.6960 resistance
0.6905/0.6890 support
The rise in the food price index is good for future New Zealand trade revenue. If the dollar falls and the Australian dollar rises, 
the New Zealand dollar is expected to follow.

USDCAD
1.2825/1.2845 resistance
1.2760/1.2740 support
The oil price lead the trend of the Canadian dollar. Yesterday the oil price rebounded, Canadian dollar rebounded. In addition, 
the market is expected to announce two important economic data in Canada this Friday, and have the opportunity to support the 
Canadian dollar before the results.

EURGBP
0.8735/0.8755 resistance
0.8685/0.8665 support
Estimating short-term downward pressure on the euro against the sterling pound, the current focus on the euro against the sterling 
pound to adjust to resistance may have the opportunity to continue falling. If 0.8755 breaks, the trend will be reversed and goes up.

EURCHF
1.1845/1.1865 resistance
1.1785/1.1765 support
Continue to estimate that the EUR/CHF keeps falling. If 1.1865 breaks, the trend will be reversed and goes up.

XAUUSD 
1288/1286 support
1298/1300 resistance
At present, only the yield of US Treasury bonds has risen, supporting the US dollar and suppressing gold. However, fundamentals are 
affected by many political factors, support the Gold.
US crude oil futures:
71.85/72.00 resistance
71.45/71.25 support
The decrease in crude oil inventories stimulated the rise in oil prices. In addition to the political factors, oil prices are supported. 
However, if the price of oil still fails to break through the recent resistance, it could be reversing and downward.

BTCUSD:
8450 / 8650 resistance ,
8150/7950 support.
The investor worried the Government control crypto currency trade and transaction, bitcoin and other crypto currencies fell recently. 
After the global block chain forum, it seems a confident back. By technically, if the bitcoin higher than 7500 support, it seems a 
uptrend in short term.

 

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.

​​​​​​​

Blog

BLOG: ATFX Market Updates_20180516

Blog 16 May 2018, 11:08:17 AM
Yesterday,the market expected that the German and Eurozone GDP data and UK employment data will slow down compared with the 
previous month, European currencies fell. Then, the US retail sales were in line with expectations. Core retail sales increased, 
U.S. inflation expectations are heating up. Ten-year US Treasury yields have risen and the dollar has rebounded. The dollar risen 
against major currencies and gold.

Today's attention in CPl data in Germany and the euro zone in the afternoon. The data reflects that inflationary prices in the 
euro area are reflected in monetary policy. Observe the economic data with low importance in the United States at night.

Today's proposal:

EUR/USD:
1.1855/1.1875 resistance
1.1805/1.1785 support
European data failed to stimulate the euro yesterday, while the US rate hike was expected to heat up and the euro fell. If the euro 
zone’s CPI is lower than expected today, the euro will have a chance to fall and 1.1800 may fall. On the contrary, the data beat 
expectations and the euro rebounded, but it is estimated that it will not exceed the resistance of 1.1875.

GBP/USD:
1.3530/1.3550 resistance
1.3475/1.3455 support
UK employment data disappointed the market yesterday, and the fall in the euro also affected the sterling pound's decline. The market 
expects the U.S. economy to accelerate its performance and the sterling pound has downward pressure.

USD/CHF
0.9980/0.9965 Support
1.0035/1.0050 resistance
The trend of the euro will dominate the expectations of the euro under the development of the Swiss franc decline, will be bad Rui 
Lang, US dollar against CHF may continue to rise. However, short-term attention to the performance of the European data in the 
afternoon.

USD/JPY:
110.55/110.75 resistance
110.05/109.85 Support
As expected yesterday, USDJPY had a chance to explore 110. At present, the US dollar has strengthened, and the US dollar has the 
opportunity to keep rising against the Japanese yen. However, we must pay attention to the decline of the Nikkei, which may affect 
the decline of the US dollar against the yen.

AUD/USD
0.7465/0.7480 resistance
0.7425/0.7410 support
The market expected the Australian Central Bank’s monetary policy to be cautious and negative for the Australian dollar. With the 
short-term US economic growth prospects better than Australia, the Australian dollar's adjusted decline may continue.

NZD/USD
0.6870/0.6885 resistance
0.6835/0.6820 support
As forecasted yesterday, the New Zealand dollar will have the opportunity to continue falling in the short term due to the increase 
in the US dollar and the adjustment pressure of the Australian dollar. The short-term trend of the New Zealand dollar is recommended. 
The Australian dollar can be referred to.

 

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.

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