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ATFX News Update_Martin

Author: AFTX   |   Latest post: Wed, 18 Sep 2019, 9:54 AM

 

ATFX Update Market - 2019.09.18

Author: AFTX   |  Publish date: Wed, 18 Sep 2019, 9:54 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2019 September 18
 
Personal opinions today:
 
UK and Eurozone CPI in August is a crucial concern during today's European trading session. Canada also released August CPI, affected the USDCAD volatile during the early US trading hours. More importantly, the four major central banks including, the Fed, BoJ, Switzerland central bank and the Bank of England, will announce the results of interest rate on the same day.  Markets are paying more attention to whether the federal reserve cut interest rates and Fed Chairman Powell spoke at a press conference. The BoJ has a chance to expand its quantitative easing monetary policy in preparation for an increase in the consumption tax in October. There is a chance that the Bank of England monetary policy remains, but the content of its meetings and the proportion of its nine voting members are important. Markets are looking at the UK and Eurozone data today and have an opportunity to reflect the Bank of England monetary policy tomorrow as it considers cutting interest rates or expanding quantitative easing. Currencies were generally exposed to downside risks ahead of the rate cut by the world's four major central banks. Gold prices rose on expectations that central banks, especially the federal reserve, would consider easing monetary policy. The dollar is expected to fall first before the FOMC meeting. The dollar index has an opportunity to strengthen in anticipation of the Fed’s meeting.
 
The attack on Saudi Arabia's oil supply system has affected primary global crude supplies. There are reports that Saudi Arabia's oil supply system is being restored, with production now at 70% and expected to return to full normal levels by November. Besides, crude oil futures fell below $59 as U.S. API crude inventories rose in the market.
 
[Important financial data and events]
Note: * is the degree of importance
 
16:30 UK CPI and Retail price in August ***
17:00 Eurozone CPI for August ***
20:30 US Housing starts in August **
20:30 Canadian August CPI **
22:30 U.S. EIA crude oil inventory **
02:00 the next day US  FOMC  interest rate decision ***
02:30 the next day Fed chairman Press conference ***
 
Today suggestion:
 
EURUSD 
1.1080/1.1105 resistance
1.1025/1.1000 support
Markets expect the Eurozone August CPI to rise, possibly leading Euro rose. Also, the Fed discussed interest rates, which it estimated could be cut by 25 basis points. The dollar fell and inflows to the Euro. Technical Euro seems to hover between 20 - and 10-day averages consolidation limited to 1.1105 resistance. Note that the euro fluctuated during the FOMC decision.
 
Pound against US dollar 
1.2520/1.2550 resistance
1.2455/1.2425 support
The market expects U.K. CPI and retail prices to rise in August, and the federal reserve may cut interest rates. The British pound rebounded from its low yesterday, but limited resistance ahead of 1.2520. If resistance 1.2525 fails to break, keep in mind that British pound could test support at 1.2425 before and after the Fed’s meeting. Note that pound fluctuated during the Fed's announcement.
 
Australian dollar to US dollar
0.6885/0.6905 resistance
0.6845/0.6830 support
The RBA minutes of September monetary policy meeting, released in a dovish manner, did not stimulate investor sentiment or publish dovish speech. Note that the Australian dollar fluctuated during the Fed 's announcement. Generally, the federal reserve has not indicated that the beginning of the interest rate cutting cycle, the dollar strong, bearish Australian dollar. The New Zealand dollar follows the Australian dollar. Note that the Australian and New Zealand dollars fluctuated during the Fed’s announcement.
 
Dollar/yen
108.25/108.40 resistance
107.80/107.65 support
The dollar rose on expectations of strong US data and cooling of expectations of a rate cut limited a quarter basis point by the federal reserve. The JPY came downward after the Bank of Japan interest rates and monetary policy decision tomorrow. Mainly wait and see the Bank of Japan governor press conference speech. Dow and Nikkei futures traded in narrow, with the USDJPY following the trend. If the Fed cuts interest rates, Nikkei index and Dow futures rose further, indirectly bullish dollar/yen trend. But technically, 108.25 and 108.40 resistance is significant, if not breakthrough, it may test 107.65 support. Note that the U.S. dollar against the Japanese yen fluctuated during the Fed's decision.
 
U.S. dollar against the Canadian dollar
1.3255/1.3270 resistance
1.3200/1.3175 support
Crude oil futures prices fell, indirectly bearish Canadian dollar. The market is concerned about the Canadian CPI fall in August, thus a short Canadian dollar. A weaker Canadian data than market expectations could be bearish for the Canadian dollar. If crude oil futures prices down, further bearish Canadian dollar. Short-term support watches out for 1.3200 and 1.3175 support. Suggest USDCAD first look at 1.3255 and 1.3270 resistance. Note that the U.S. dollar fluctuated against the Canadian dollar during the Fed's announcement.
 
US crude oil futures
60.05/60.75 resistance
58.25/57.55 support
Saudi Arabia's crude oil supply system was hit, leading to a 5.2 million barrel drop in essential supplies. But there are reports that nearly 70% of production is resuming. Also, US API crude oil inventories increased, crude oil futures prices fell. Crude oil futures supply is expected to stabilize slowly. Oil prices have limited upside and opportunities to fall. Technically, important support 57.05 and. Note 60.75 significant resistance. If the Fed signals the start of a rate-cutting cycle, it could affect bullish oil prices. Conversely, there are downside risks to crude oil prices. Note that crude oil prices fluctuated during the Fed's announcement.
 
Gold
1506/1510 resistance
1496/1492 support
Today, the market is waiting for the four major central banks to cut interest rates in anticipation of the federal reserve; other central banks may follow, which could affect bullish gold prices. If Dow futures rise before the rate meeting, gold will follow suit. Today, if a strong U.S. economic data could limit gold's gains. Technically, gold has significant support at $1,482. Without a breakout, the gold rally remains unchanged. Note that gold prices fluctuated during the fed's announcement.
 
U.S. Dow Jones industrial average futures US30
27205/27305 resistance
26870/26745 support
The market is watching U.S. economic data and the outcome of the federal reserve rate, the results before the adjustment of the Dow’s gain, is consolidating. A Fed rate cut or further rate cut with a strong U.S. data could lift Dow futures to 27205 and 27305 resistance. Note that Dow futures fluctuated during the Fed's announcement.
 
BTCUSD:
10550 /10950 resistance
10150 / 9850 support
The market expected the FOMC might rate cut incoming monetary policy decision after tonight, and the bitcoin price is looking go up. Incoming, we have to look at the Dow future fell, the bitcoin price and cryptocurrencies would move upward. If Dow future rise, please aware the bitcoin price go down.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.
 
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.
 
 

 

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ATFX Update Market - 2019.09.17

Author: AFTX   |  Publish date: Tue, 17 Sep 2019, 10:23 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2019 September 17
 
Personal opinions today:
 
The Australian dollar was bearish today as the reserve bank of Australia released minutes of its September monetary policy meeting, noting any hint that it was considering easing monetary policy. In European trading, watch for the ZEW economic sentiment index for September in Germany and the Eurozone. U.S. industrial and manufacturing output in August was expected to rise from a month earlier in the trading session to see if they beat expectations. The US will see a net capital inflow tomorrow in July.
 
On Thursday the world's four biggest central banks, the Fed, Japan, Switzerland and the UK, announced their interest rates. Markets are more focused on the Fed's interest rate cut and whether the bank of Japan will expand its easy money policy in anticipation of a consumption tax hike in October. The dollar index rose from 97 as markets priced in a 25 basis point cut in Fed interest rates. The dollar was supported by a cut in U.S. interest-rate futures, with the Euro topping 1.10 and other European and commodity currencies falling. Gold price is trading below $1,500.
 
An attack on the Saudi oil supply system has affected primary global crude supplies. The price of October oil futures rose last night to $63. The market is looking at U.S. API crude oil inventories tomorrow.
 
[Important financial data and events]
Note: * is the degree of importance
 
09:30 RBA minutes ***
17:00 Eurozone ZEW economic sentiment index **
20:30 Canada new manufacturing orders **
21:15 US industrial output for August **
22:00 US NAHB housing market index *
Next day 02:00 US net capital inflows in July
Next day 04:30 US API crude inventories ***
 
Today suggestion :
 
Eurodollar
1.1025/1.1050 resistance
1.0985/1.0960 support
European central bank cut interest rates at a low rate, the quantitative easing plan did not take effect in time, and the economic recovery timetable was delayed. The Euro finally broke through support; technical trend Euro breakthrough 20-day and 10-day moving average 1.1052 and 1.1040 support. The ZEW economic sentiment index for Germany and the Eurozone was weak in September, U.S. industrial and manufacturing output rose, the dollar strengthened, and the Euro had an opportunity to maintain its downward trend.
 
Pound against dollar
1.2455/1.2475 resistance
1.2385/1.2355 support
The market is focused on the fed and the Bank of England. The former market has already priced in a quarter-point cut. The Bank of England left interest rates unchanged but failed to make progress on Brexit in the face of expected strong U.S. economic data, weighing on sterling. Further downside risks to pound, with 1.2500 becoming a significant headwind. Yesterday, it pointed out that if the resistance to 1.2505 or 1.2525 fails to breakthrough, keep an eye out for pound to test support at 1.2420 and 1.2385 before the monetary policy decision. Currently, the resistance level is expected to be lowered to see if the support level of 1.2385 will breakthrough and then try 1.2355 or below.
 
Australian dollar to US dollar
0.6885/0.6905 resistance
0.6845/0.6830 support
The market is waiting to see if the RBA minutes, it will provide any monetary policy trends. The market expects the US data performance to increase today, economic growth, and the US dollar performance is stronger, indirectly against the Australian dollar, limit the rise of the Australian dollar, more likely to test the support level. It is believed that the New Zealand dollar will continue to follow the trend and pace of the Australian dollar against the US dollar.
 
Dollar to yen
108.25/108.40 resistance
107.80/107.65 support
The dollar rose as markets anticipated rise in US data and expectations of a rate cut by the federal reserve cooled. Dow and Nikkei futures rebounded from lows, while the dollar followed the yen. If the Nikkei index futures and Dow futures rise further, indirectly benefit the dollar against the yen trend. Technically, however, the USDJPY 108.25 and 108.40 resistance is significant; if not break, the short term may test 107.65 support.
 
US dollar to Canadian dollar
1.3255/1.3270 resistance
1.3200/1.3175 support
Higher crude oil futures prices are expected to benefit the Canadian dollar indirectly. But existing home prices in Canada fell more than expected, bearish for the Canadian dollar. The outlook for growth in the U.S. and weak data in Canada today is likely to be harmful to the Canadian dollar. If the oil futures price, bearish Canadian dollar. Look for short-term support at 1.3200 and 1.3175. We recommend resistance of 1.3255 and 1.3270.
 
US crude futures
62.65/63.25 resistance
60.70/58.65 support
Crude oil futures prices rose after the Saudi oil supply system was attacked, with supplies of key crude falling sharply by 5.2m barrels a day. Oil futures prices are expected to stabilize slowly after the U.S. President opened up strategic oil reserves and Saudi Arabia resumed standard supplies as soon as a week later. Oil prices have limited upside. Technically, it is expected to support the lower level of 60.70 and 58.65 support crude oil futures prices. Keep an eye on the important resistance of 63.25. Without a breakthrough, there is a downside risk to crude oil prices.
 
Gold
1506/1510 resistance
1496/1492 support
This week's interest rate cut by the federal reserve is a sure bet, and BoJ are likely to follow suit, potentially bullish gold prices. If Dow futures rise before the meeting, the gold price will follow. U.S. economic data showed growth today, which may limit gold prices. After that, the market digested the good news of the US data growth and expected gold prices also rise. Technically, gold's critical support level is $1,482, and without a breakthrough, gold's upward trend remains unchanged.
 
U.S. Dow Jones industrial average futures US30
27205/27305 resistance
26870/26745 support
Dow futures were expected to have a chance to pare gains as the market watches for a day of U.S. economic data. A strong U.S. data could bullish Dow futures, test the resistance to 27205 and 27305.
 
BTCUSD:
10550 /10950 resistance
10150 / 9850 support
The market expected the FOMC might rate cut incoming monetary policy decision this Thursday, and the bitcoin price is looking go up. Incoming, we have to look at the Dow future fell, the bitcoin price and cryptocurrencies would upward. If Dow future rise, please aware the bitcoin price go down.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.
 
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.
 
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ATFX Update Market - 2019.09.16

Author: AFTX   |  Publish date: Mon, 16 Sep 2019, 5:33 PM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2019 September 16
 
Personal opinions today:
 
Four major Central Banks, the Fed, Bank of Japan, Central Bank of Switzerland and the Bank of England, announced interest rates on Thursday. The dollar index fell from a high of 99 as markets focused on the Fed. That's because the US CME rate Futures market puts the odds of a 25 basis point cut at 92%, up from a week ago. The dollar is still expected to move lower before the Fed's announcement. If the technical correction continues, the dollar index has a chance to look down at 97.35 support before the Fed's policy meeting or when the results are released. The Bank of Japan and the Bank of England intend to step up QE monetary policy and expect the yen to gain only a limited amount when the dollar falls. But there are downside risks To the British pound and the Euro.
 
Gold and silver prices are expected to rise as major central Banks could cut interest rates. And Dow futures (US30) and global stocks are generally expected to rise, cause by low-interest rates expect. Besides, an attack on Saudi Arabia's oil supply system The price of oil futures has risen. The US President then said he would supply strategic crude. Oil prices fell after Saudi oil suppliers said they expected regular supplies to resume in a week. If crude oil futures prices keep Rising, they could be bullish on the Dow, but maybe not like this. The Dow probably limited 27345.
 
[Important financial data and events]
Note: * is the degree of importance
 
Japan's Tokyo stock exchange is closed
06:45 New Zealand service sector index for August *
16:00 Italy CPI for August **
19:15 ECB Chief economist speaking **
20:30 US New York manufacturing index for September ***
21:00 Canada Existing home sales in August **
22:00 Canada National economic confidence index **
 
Today suggestion:
 
Eurodollar
1.1080/1.1110 resistance
1.1040/1.1025 support
After the European central bank meeting, the market thought the rate cut was too low, the quantitative easing plan did not take effect in time, and the economic recovery timetable was pushed back. The euro broke resistance to its 20-day average, with losses Current technical expectations, the Euro with 20 and 10 days average 1.1052 and 1.1040 as support, if 1.1110 resistance can not break, the US September New York fed manufacturing index, better than market expectations, and expect US industrial output to rise tomorrow, the dollar performance is strong, the Euro is affected and have a chance go down.
 
Pound against dollar
1.2505/1.2525 resistance
1.2420/1.2385 support
The British prime minister has made it clear that a better deal can be found before the October 31 deadline for Britain to leave the European Union, with the Northern Ireland border being the critical issue. Resolving the issue by agreeing to a nonlinear could bullish British pound This week, the focus is on the interest rate meetings of the federal reserve and the Bank of England. The former market has already priced in the pound as high as 1.2500. If markets fear that the Bank of England will follow the ECB and The federal reserve in cutting interest rates, the pound will bear the downside risk. Technically, please note that 1.2500 has become one of the significant resistance. If the resistance to 1.2505 or 1.2525 fails to break, keep an eye on the opportunity to test below 1.2420 and 1.2385 before the Fed and Bank of England meeting.
 
Australian dollar to US dollar
0.6885/0.6905 resistance
0.6845/0.6830 support
The broad correction on Monday coincided with a rise in US retail sales and Michigan consumer confidence last week and a drop in the New Zealand service sector index today, with the Australian and New Zealand dollars falling. The market is watching US data today and tomorrow, And the dollar is stronger on the outcome of growth. It is worth watching today's Chinese economic data, if the performance of strong growth, indirect bullish Australian dollar, may test resistance. On the other hand, if it's going down, test the support. It Is believe that the New Zealand dollar will continue to follow the trend and pace of the Australian dollar against the US dollar.
 
Dollar to yen
108.05/108.25 resistance
107.50/107.25 support
Dow futures (US30) and Nikkei index futures (JPN225) fell at the opening bell in Asia, while the dollar followed the yen. The expected increase in US data today and tomorrow is expected to limit the Dow's decline, while the dollar can maintain correction Of 50%, support at 107.50. If the US data falls, the result may be lower than previous values ​​and expectations, Dow futures and Nikkei futures may fall and believe in leading the dollar to fall against the yen. The performance of China's economic data Is also resultworthy today. As a result, Asian stock markets, especially Nikkei index futures, may be affected, indirectly affecting the dollar-yen trend. In terms of technical analysis, 108.25 resistance is more noteworthy.
 
US dollar to Canadian dollar
1.3245/1.3280 resistance
1.3200/1.3175 support
Noted that existing home prices in Canada are expected to fall, while US data are expected to rise, bearish for the Canadian dollar. If crude oil futures prices fall back and the Canadian dollar Loss support, it will be bearish for the Canadian dollar. Note the 1.3200 and 1.3175 support levels, respectively.
 
US crude oil futures
60.70/62.65 resistance
58.70/57.05 support
An attack on Saudi Arabia's oil supply system has sharply reduced supplies of crude oil, boosting crude oil futures. But oil futures are stabilizing after the US President opened up his strategic oil reserves and Saudi Arabia resumed regular supplies as soon as a week later. Prices will be weak if supplies stabilize, and the US continues to ease sanctions on Iran to boost supplies. Technically, expect the subordinate support 58.70 and 57.05 support, pay attention to 60.70 or 62.65 resistance.
 
Gold
1526/1530 resistance
1502/1496 support
If Dow futures rise before the meeting, the gold price will accompany the bullish. But with Dow futures down, Gold won't drop much. Strong US economic data today and tomorrow could limit gold's price gains. Probably the price goes down. It's time to look the price up.
 
U.S. Dow Jones industrial average futures US30
27205/27305 resistance
26870/26745 support
Last week, Dow futures' trend was expected to have a chance to reverse. If Dow futures breakthrough 27,075 support, they will have the opportunity to dip below recommendation 26,870 support. The market is watching the performance of the US economic data today and tomorrow. An active reading could lift Dow futures, pushing up resistance to 27205 and 27305 if the US data are going well and over the market expectation.
 
BTCUSD:
10550 /10950 resistance
10150 / 9850 support
The market expected the FOMC might rate cut incoming monetary policy decision this Thursday; the bitcoin price is looking go up. In the beginning, we have looked at the Dow future fell, the bitcoin price and cryptocurrencies would move upward. If Dow future rise, Please aware the bitcoin price go down.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.
 
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.
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ATFX Update Market - 2019.09.13

Author: AFTX   |  Publish date: Fri, 13 Sep 2019, 10:54 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2019 September 13
 
Personal opinions today:
 
The U.S. government has delayed for two weeks raising tariffs on $250 billion worth of Chinese imports. The US President is reported to be interested in further extending tariffs on Chinese goods ahead of high-level talks between China and the US in October. The investment sentiment continues to improve, and Dow futures closed high, capital funds outflows from gold and silver and the yen it is all fell. The trade war between China and the United States has cooled bullish Australian and New Zealand dollars.
 
Yesterday the biggest news led the market sentiment, the European central bank interest rate decision. The Euro was up and down by more than 100 pips last night after the ECB interest rate decision. The number of U.S. jobless claims and the U.S. CPI after the August were only in line with market expectations. The result was still lower than the previous value, which will affect the strong performance of the dollar. But global stock markets rose, and gold prices retreated from their highs.
 
Eurozone trade accounts dominated Today's European trading session for July., U.S. trading hours focused on August retail sales and September Michigan consumer confidence index preliminary value. Eurozone trade account expected lower previous figure. It could limit Euro gains ahead of the release. Expectations for U.S. retail sales fell to 0.2% in August from 0.7% the past month, and the dollar is likely to weaken until the data are released. After the results, the impact of the dollar against other currencies and gold prices, it is believed that the effects of crude oil futures prices.
 
[Important financial data and events]
Note: * is the degree of importance
 
17:00 Eurozone Trade accounts for July **
20:30 US retail sales for August ***
22:00 Michigan consumer confidence index for September
23:00 ECB President Draghi, attend Eurogroup meeting
 
Today suggestion:
 
Eurodollar
1.1080/1.1110 resistance
1.1040/1.1025 support
After the European central bank (ECB) meeting, the central bank introduced policy easing and cut interest rates in line with market expectations. But the rate cut was only 0.1%, with the new round Quantitative Easing(QE)pending to November. The market believes that the rate cut is too low; the plan for QE did not take effect in time, the economic recovery extended. The Euro fell after breaking above its 20-day average after the ECB meeting, falling to 1.0925 support. The Euro rebounded after U.S. inflation data for August came in just 0.1% in line with expectations. The dollar weakened, and the Euro rallied on hopes today that weak U.S. retail sales could a chance of a Fed rate cut next week. At present, the technical trend, the daily chart of Euro breaks the 20-day moving average, supported by 1.1040 and 1.1025, and the rebound wave of 38.2% and 50% is 1.1110 and 1.1145 respectively. Short-term Euro on 1.1080 and 1.1110 resistance. Depending on U.S. retail sales and Michigan consumer confidence index, the dollar's performance and the Euro's performance were affected.
 
Pound against dollar
1.2365/1.2380 resistance
1.2295/1.2280 support
No UK data today, Eurozone trade accounts during European trading hours, indirectly affecting pound. US retail sales and the Michigan consumer confidence index also indirectly affected the pound. Britain is waiting to see if a better deal for Brexit, before the deadline on October 31, with the pound likely limiting the 1.2380 resistance. Technically, please pay attention to 1.2400 significant resistance and 1.2280 crucial support. If the pound breaks 1.2280 support, the trend may fall further.
 
Australian dollar to US dollar
0.6885/0.6905 resistance
0.6845/0.6830 support
The U.S. government extended tariffs on $250 billion worth of Chinese imports, boosting the Australian dollar on news that the U.S. President is considering other options in hopes of making progress in October trade talks with China. The market watched U.S. August retail sales data and the performance of the dollar today. If the US data is in line with expectations or better than expected, it could support the U.S. dollar's rise and bearish the Australian dollar. The current technical level continues to pay attention to resistance levels 0.6885 and 0.6905. Support can be found at 0.6845 or 0.6830 for strong U.S. data. It is believe that the New Zealand dollar will continue to follow the trend and pace of the Australian dollar.
 
Dollar to yen
108.55/108.70 resistance
108.05/107.85 support
The U.S. President brought good news, easing sanctions on Iran and easing the trade war between China and the United States bullish the Dow and Nikkei futures move higher, while the dollar followed the yen. U.S. retail sales for August are expected to be weak today, making a correction more likely despite the Dow's gains. If the data estimate is lower than the previous value, the result may be lower than the previous value and expectation, Dow and Nikkei futures may fall and believe to lead the dollar to fall against the yen. Today USDJPY refers to 108.55 resistance and 107.85 support.
 
US dollar to Canadian dollar
1.3225/1.3245 resistance
1.3170/1.3150 support
New home prices fell in Canada and crude oil futures continued to fall, weighing against the Canadian dollar. U.S. retail sales are expected to be weak today as the trade war between the United States and China cools and crude oil futures are expected to rise, it is believe that the Canadian dollar gain.
 
US crude oil futures
55.70/56.15 resistance
54.30/53.95 support
Crude oil prices were weak after the US President said easing sanctions on Iran could boost supplies. But signs that the trade war between China and the us is cooling could boost oil prices. Technically, the subordinate is expected to support the crude oil futures price of 54.30 or 53.95, with resistance of 55.70 or 56.15.
 
Gold
1506/1509 resistance
1493/1490 support
Gold prices rebounded from low levels yesterday after the US August CPl and European central bank interest rate hikes. Today, focus on the U.S. retail sales data could affect Dow futures. If Dow futures rise, gold prices will focus on $1493 and $1490 support in the short term. In contrast, Dow futures fell, with gold likely to test resistance at $1,506 and $1,509. If it breaks the $1,509 resistance, it could move further up to $1,516 or above.
 
U.S. Dow Jones industrial average futures US30
27360/27520 resistance
27075/26860 support
The easing of trade war between China and the United States, improved investment sentiment, the success of the British parliament to prevent brexit and avoid another re-election, the United States eased sanctions on Iran, led the Dow futures upward trend continued. The market is waiting for U.S. August retail sales data today, watching for the latest comments from the US President and the federal reserve to lift the investment sentiment, and then watching for the Fed's monetary policy next week. Dow futures are expected to have a chance to limit their gains, and if Dow futures break 27,075 support, it will have a chance to dip below recommendation 26,860 support.
 
BTCUSD:
10550 /10950 resistance
10150 / 9850 support
The market expected the FOMC may hold monetary policy decision in September, it could hold the  interest rate, the bitcoin price fell. In coming, we have looking at the Dow future. If Dow future fell, the bitcoin price and crypto currencies would upward. Now, the market is looking at the first support US$9850 again. It is believe that 10550 and 10950 as the reference resistance.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk. 
 
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.
 
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.

 

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ATFX Update Market - 2019.09.12

Author: AFTX   |  Publish date: Thu, 12 Sep 2019, 10:56 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2019 September 12
 
Personal opinions today:
 
The President of the United States and his administration announced the two important announcements yesterday. First, the U.S. eased sanctions on Iran, and the market expected an increase in crude oil supply, leading to a decline in crude oil futures prices, which indirectly hurt the Canadian dollar. Second, the U.S. government delayed by two weeks raising tariffs on $250 billion of Chinese imports. The planned extension is expected to pave the way for high-level talks in October. The investment climate improved sharply, with the Dow closing up to near its July high. Dow futures rose, gold and silver prices and the yen fell. The news boosted China's currency, the Australian and New Zealand dollars, as well as regional stock markets.
 
Two big announcements today, the European central bank's interest rate decision, ECB President Mario Draghi held a press conference and the US monthly CPI rate in August update could cause market volatility. First, before U.S. trading, the European central bank announced its decision on interest rates, with expectations that the ECB would choose to cut rates and launch a new round of TLTRO. After that, the European central bank press conference. It is believed he will quote the contents of the resolution and the monetary policy and outlook of the European central bank, and name of the next ECB President. The Euro could be boosted if the European central bank starts a plan to cut interest rates and raise funds, which would help to lift investor pessimism about the European economy and boost investment. Besides, the number of U.S. jobless claims last week and the revised U.S. CPI for August will weigh on the dollar's performance. Meanwhile, the August CPI data reflects current U.S. inflation, which could influence market expectations for the federal reserve's policy meeting next Thursday. Gold is expected to fluctuate against the Euro and other European currencies today, which is more likely to lead to volatility in Dow futures and crude oil prices.
 
[Important financial data and events]
Note: * is the degree of importance
 
14:00 German August CPI final value **
14:45 French monthly CPI for August *
16:00 IEA releases monthly Oil market report **
17:00 Eurozone industrial output for July *
19:45 European central bank interest rate decision ***
20:30 ECB President Mario Draghi holds press conference ***
20:30 U.S. jobless claims last week **
20:30 U.S. CPI rate in August ***
OPEC and non-OPEC JMMC meeting **
 
Today suggestion:
 
Eurodollar
1.1080/1.1105 resistance
1.0085/1.0060 support
The Euro fell after hitting an average of just 20 days of resistance for several days in a row as markets awaited a meeting of the European central bank in anticipation of a policy easing and interest rate cut. Today's European central bank interest rate is a crucial moment. If the ECB starts the relevant economic stimulus package, the Euro could boost the rise. Also, the market is looking to August U.S. inflation data CPI results. A stronger dollar could limit the euro's gains if the data beat expectations by 0.1% or were flat. Current technical trends are expected, the Euro fell before the European central bank's interest rate, after the results may rebound.
 
Pound against dollar
1.2365/1.2380 resistance
1.2295/1.2280 support
There was no UK data today, but the European central bank's interest rate results and the euro's volatility could indirectly affect British pound. The risk of a no-deal Brexit is cooling as Britain waits for a better deal before an October 31 deadline. Besides, the market is looking at August U.S. inflation data CPI results and the performance of the dollar. Technically, please pay attention to 1.2400 significant resistance and 1.2280 crucial support. If pound break 1.2280, the trend may fall further.
 
Australian dollar to US dollar
0.6885/0.6905 resistance
0.6845/0.6830 support
The government of the United States has extended tariffs on 250 billion dollars worth of Chinese imports, easing the trade war and bullish the Australian dollar. The market is watching U.S. August inflation data and the performance of the dollar today. If the CPI meets or beats expectations, it could support the U.S. dollar's rise, putting downward on the Australian dollar. Technical resistance levels keep an eye on 0.6885 and 0.6905. If you want to adjust the support bit, please refer to 0.6845 or 0.6830 support. It is believed that the New Zealand dollar will continue to follow the trend and pace of the Australian dollar against the US dollar.
 
Dollar to yen
108.15/108.35 resistance
107.75/107.55 support
Good news from the US President, Iran sanctions and easing of the China and US trade war, bullish Dow and Nikkei futures to rise, while the dollar strengthened against the yen. Besides, Japan's economic activity index fell broadly today, with only a rebound in Japanese machinery orders limiting the yen's decline. Technically, the resistance level is expected to rise to 108.15 to 108.35, assuming Dow and Nikkei futures continue to rise during Asian and European trading hours. Note, given the performance of CPI data for August in the United States today. If the information is estimated to be lower than the previous value, the result may be lower than the previous value and expectations, Dow and Nikkei futures may fall and believe in leading the dollar to fall against the yen.
 
US dollar to Canadian dollar
1.3200/1.3225 resistance
1.3160/1.3140 support
After the release of the OPEC and EIA monthly oil market reports, the US President said easing sanctions on Iran could boost oil supplies and prices. A rise in Canada's second-quarter capacity utilization rate and a drop in U.S. producer prices in August limited the Canadian dollar's decline, suggesting that the U.S. CPI results from today and the prospect of easing news, bullish crude oil futures.
 
US crude oil futures
57.05/57.60 resistance
55.90/55.60 support
Crude oil prices were supported by sharp declines in U.S. API and EIA inventories and positive outlooks in OPEC and EIA monthly crude market reports. But the price of crude oil has been sharply revised after the US President said easing sanctions on Iran could boost supplies. Technically, crude oil prices lost reference support of 57.05, and the 10-hour average was pulled down. The trade war easing, the United States economic data well, bullish crude oil futures. Test 57.05 resistance. Technical support bits can be referred to 55.90 and 55.60 support.
 
Gold
1500/1502 resistance
1487/1485 support
The market looked ahead to U.S. retail sales data for August and U.S. retail sales data for tomorrow, as gold prices consolidated at low levels ahead of the European central bank's interest rate hike. The European central bank's interest rate decision today, the strength of its monetary easing policy and the outcome of the US CPl. If the European central bank cuts interest rates by more than 0.2% and U.S. CPI falls over expectations, there are opportunities to rally gold. Note Dow futures, if up, gold price short term focus on $1487 and $1485 support. In contrast, Dow futures fell, and gold prices are expected to test resistance at $1,500 and $1,502. Or it could break the 1,502 to $1,510.
 
U.S. Dow Jones industrial average futures US30
27360/27520 resistance
27075/26860 support
The trade war eased, investment sentiment improved, the British parliament successfully prevented a no-deal Brexit and avoided re-election, and the United States eased sanctions on Iran. These factors are reflected in Dow futures rose. Markets are waiting for U.S. August CPI data today and retail sales data tomorrow, as well as the latest comments from the President and the Fed, to see where the Fed's monetary policy is headed next week. Dow futures are expected to have a chance to limit their gains; the key is US CPI data performance today. If Dow futures break 27075 support, there is a chance to test the lower recommendation support, 26860.
 
BTCUSD:
10350 /10550 resistance
9850 / 9600 support
The market expected the FOMC might hold monetary policy decision in September. It could keep the interest rate, the bitcoin price fell. Incoming, we have to look at the Dow future. If Dow future fell, the bitcoin price and cryptocurrencies would upward. Now, the market is looking at the first support US$9850 or next support US$9600.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.
 
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.
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ATFX Update Market - 2019.09.11

Author: AFTX   |  Publish date: Wed, 11 Sep 2019, 10:16 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2019 September 11
 
Personal opinions today:
 
The British parliament successfully blocked a "no-deal" Brexit, the risk of Britain cooling down, and the market is also looking for progress in china-us trade talks. More important, the report said U.S. inflation remained moderate, but the labour market was tight, with temporary jobs being created and higher wages attracting jobs. Dow Jones industrial average futures were trading down to up in late trading yesterday after news that U.S. companies expect the economy to continue to grow in the fourth quarter boosted the investment climate. As usual, the dollar rose against the yen and gold fell. Oil futures prices had been adjusted before Opec, and the EIA released their monthly crude market reports. But U.S. API crude oil inventories fell sharply, oil futures prices rebounded.
 
Watch the dollar and dow futures today. During U.S. trading hours, note the monthly U.S. PPI rate for August and the monthly U.S. wholesale sales rate for July. Opec and EIA crude oil market reports may lead to dow futures, and crude oil prices adjust.
 
[Important financial data and events]
Note: * is the degree of importance
 
16:00 China August M2 money supply, financing scale **
18:30 OPEC releases monthly oil market report ***
20:30 Canada Capacity utilization in Q2 **
20:30 U.S. monthly PPI in August **
22:00 U.S. wholesale sales in July **
22:30 EIA crude oil inventories change**
24:00 EIA releases monthly short-term energy outlook **
 
Today suggestion :
 
Eurodollar
1.1060/1.1080 resistance
1.1015/1.0095 support
The Euro has barely breached its 20-day average after hitting resistance in recent days as markets wait to see when the European central bank monetary policy decision tomorrow in anticipation of a policy easing and interest rate cut. Today's focus is on the U.S. producer price index for August. Technically, watch Euro 1.1060 and 1.1080 resistance for short-term. It is believed that after the European central bank meeting tomorrow, a new round of monetary stimulus policy is expected to boost the Euro.
 
Pound against dollar
1.2365/1.2385 resistance
1.2315/1.2295 support
The risk of a no-deal Brexit is fading as Britain's parliament votes to block a re-election. But it will be difficult to boost the pound further without an extension of the Oct. 31 deadline. The deal is expected to be a key trading indicator for the pound as the British parliament debates a deadline extension and an orderly exit from the European Union. Today's market focus on the U.S. producer price index in August and the performance of the U.S. dollar. Technically, please pay attention to 1.2400 significant resistance and 1.2280 support.
 
Australian dollar to U.S. dollar
0.6865/0.6885 resistance
0.6825/0.6800 support
Australia reported a drop in consumer confidence and business sentiment. The Australian dollar pared losses yesterday as China's CPl rose. We are now watching the scale of China's money supply and social financing to see how China renminbi performs. If it rose, may indirectly bullish Australian dollars. Technical bit support, look for 0.6825 and 0.6800 support. Resistance levels 0.6865 and 0.6885.
 
Dollar to yen
107.80/108.00 resistance
107.25/107.05 support
Dow and Nikkei futures rose, while the dollar strengthened against the yen. Technically, the preliminary assumption is that Dow futures and Nikkei futures will continue to rise, resistance to 107.80 and 108.00. Note that if Dow futures and Nikkei futures go into reverse, we believe the dollar-yen will follow go down.
 
US dollar to Canadian dollar
1.3175/1.3190 resistance
1.3140/1.3125 support
News that oil producers will control production and stabilize oil prices. The price of crude oil rose, giving the Canadian dollar a lift. But today, OPEC and EIA released their monthly oil market reports, before the release of oil price adjustment. And Canada's Q2 capacity utilization and U.S. August PPI data are likely to limit the rise in the Canadian dollar and suggest staying on the sidelines. Technically, the U.S. dollar against Canadian dollars is worth 1.3125.
 
US crude oil futures
58.45/58.80 resistance
57.35/57.05 support
Crude oil prices were supported by a sharp drop in US API crude stocks. Technically, crude oil price reference supports 57.35 and 57.05. After breaking the 10 and 20-hour averages, crude oil futures could test resistance of 58.45 and 58.80. But note today's monthly oil market reports from OPEC and the EIA, which could help lift crude futures prices if they show an increase.
 
Gold
1497/1501 resistance
1483/1479 support
This week's U.S. retail sales and CPl data for August raised the risk of investors investing in equities, while gold prices adjusted to lower as demand decreasing. But, there is an opportunity for gold to gain on Thursday after the European central bank's interest rate hike and U.S. inflation data. Short term the gold price will focus on 1483 or 1479 support and 1497 or 1501 resistance.
 
U.S. Dow Jones industrial average futures US30
26970/27060 resistance
26765/26660 support
The trade war between China and the United States eased, and investment sentiment improved. The British parliament succeeded in preventing a hard Brexit and avoiding re-election. These factors are reflected in the rise in Dow futures. Markets are waiting for August's CPl data and retail sales data, as well as the latest comments from the U.S. President and the federal reserve. Dow futures are expected to have a chance to pare gains if the 27,000 resistance break fails and dip below recommended support.
 
BTCUSD:
10350 /10550 resistance
10050 / 9850 support
The market expected the FOMC may hold monetary policy decision in September, it could hold the interest rate, the bitcoin price fell. In coming, we have looking at the Dow future. If Dow fell, the bitcoin price and crypto currencies upward. Now, the market is looking at US$10050 and US$9850 support, and forecast to US$10350 and US$10550 resistance.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.
 
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.
 
  Be the first to like this.
 


 

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