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ATFX News Update_Martin

Author: AFTX   |   Latest post: Mon, 20 Jan 2020, 3:27 PM

 

ATFX Market Update - 2020.01.20

Author: AFTX   |  Publish date: Mon, 20 Jan 2020, 3:27 PM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Jan 20
 
Personal opinions today: 
 
U.S. Markets closed for Martin Luther day.
 
In the afternoon worth watching data today, the German PPI monthly rate in December. Last week, Germany’s CPI was just 0.5% in December, while Germany PPI was expected to remain unchanged in December, bearish for the Euro. Over the weekend, there were reports of tight supplies of crude in the Middle East, lower crude inventories, bullish crude oil prices and, indirectly, bullish gold. Tomorrow, the Bank of Japan will announce interest rates and monetary policy. The BoJ governor’s speech is important.
 
[Important financial data and events] note: * is important
 
(U.S. stock markets closed, CME contracts closed early)
09:30 PBOC one-year lending market quoted rates *
15:00 German PPI for December **
21:00, the IMF releases world economic outlook report **
 
Euro 
1.1125/1.1135 resistance
1.1075/1.1065 support
The Euro fell last week by Germany's final December consumer price index and the minutes of the European central bank's monetary policy meeting. Earlier this analysis suggested keeping an eye on the Euro to limit gains between 1.1165 or 1.1175 resistance, which could fall. The Euro opened below 1.1100 in Asia trading today. Markets are watching Germany PPI for December. Without growth, the Euro has room to fall.
 
Pound to dollar
1.3045/1.3055 resistance
1.2975/1.2965 support
The Brexit has affected the UK's economic and investment climate, with the UK consumer price index falling in December, while retail prices and retail sales data were only flat, weighing on the pound. It is recommended to keep an eye on the trend of the pound, the rise may be adjusted. There is little optimism in the markets ahead of the release of December jobs data tomorrow, and the pound is likely to continue its downward trend ahead of the results.
 
Australian dollar
0.6905/0.6915 resistance
0.6865/0.6855 support
Improved economic ties between the United States and China are expected to boost Australia's economic growth. It is believed that with the help of closer ties and cooperation between China and the U.S., the prices of basic industrial metals will be boosted. Technically, AUD and NZD adjustments are expected to return to the 0.69 level after keeping an eye on the 0.6855 support range consolidation.
 
Dollar to yen
110.25/110.35 resistance
109.75/109.65 support
The global trade climate has improved and investment climate has warmed up. U.S. economic data growth, Dow Jones futures rose, the United States. If U.S. economic data continues to disappoint markets this week, Dow futures will fall. In addition, the Bank of Japan interest rate, generally in the interest rate before the bearish yen. But it's worth noting that the USDJPY often reverses after a monetary decision or press conference.
 
USDCAD 
1.3075/1.3085 resistance
1.3025/1.3015 support
The U.S. dollar fell against the Canadian dollar after the deal was signed and oil prices rose. Oil prices are expected to continue to rise on the back of sentiment in the Middle East and oil supply news, while the USDCAD correction widened and could test 1.3025 and 1.3015 support.
 
US crude oil futures
59.65/60.00 resistance
58.59/58.35 support
Global trade deal sealed short interest. In addition, tensions in the Middle East, the supply of crude oil decreased, the news affected the price of crude oil rose. If risk aversion rises, bullish crude oil prices. Technically, refer to $58.50 and $58.35 support, up to $59.65 and $60.00 resistance.
 
Gold
1563/1565 resistance
1550/1548 support
US economic growth, Dow futures trend up, bearish for gold. But with tensions in the Middle East, gold prices upward. If the tensions ease, gold and silver will fall as Dow futures rise. Gold price volatility is recommended. If gold surges in response to unexpected events, it is recommended to maintain high altitude gold. Significant resistance, $1, 585 and $1, 600, respectively.
 
U.S. Dow future 
Market Close today
 
BTCUSD:
9025 / 9175 resistance
8250 / 8000 support  Fed Beige Book reported moderate economic growth, a gloomy outlook for investors and bullish the bitcoin price. Technically, the next target would look at US9175. Keep watching the Dow and global stocks market. If the global stock market fell, the bitcoin price could up. It is the same trend as the gold price.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.

 

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ATFX Market Update - 2020.01.16

Author: AFTX   |  Publish date: Thu, 16 Jan 2020, 11:04 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Jan 16
 
Personal opinions today: 
 
Markets took note of the Fed beige book report the moderate performance of the U.S. regional economy, which could face downside risks in the face of a trade war and U.S. tariffs. Investors are thinking FOMC would keep interest rates unchanged and keep a low-interest policy. 
 
The first phase of the trade agreement between China and the United States was formally signed. The US President said that they will move forward to the second phase and end the trade gap between the two countries. The news was positive for stocks, with Dow futures rising, leading Asian markets to open higher. If the stock market continues to rise, it is believed that will bullish crude oil prices, bearish gold, and silver.
 
In European trading today, the European currency will be looking at Germany’s December CPI final reading and the minutes of the ECB monetary policy. Now, on the basis of previous Eurozone economic inflation data, it is expected to be bearish for the euro. Tonight's focus will include U.S. retail sales for December, jobless claims for last week and U.S. business inventories for November. Then, at 02:00 a.m., watch for comments from ECB President, looking for clues to next week's ECB policy meeting and setting the trends of the Euro.
 
[Important financial data and events] note: * is important
 
15:00 Germany December CPI final reading **
17:00 IEA releases its monthly oil market report **
19:30 ECB monetary policy minutes **
21:30 U.S. December retail sales ***
21:30 U.S. jobless claims for last week ***
23:00 U.S. November business inventories ***
23:00 U.S. January housing market index NAHB **
23:30 U.S. EIA gas inventory last week **
At 02:00 the next day, ECB President speech ***
 
Euro 
1.1165/1.1175 resistance
1.1130/1.1125 support
Germany’s GDP and the Eurozone November trade account were weak in 2019, which is bearish for the Euro. But the Fed beige book reported on economic conditions, which showed moderate growth. Depending on the report, the dollar could fall, followed by the bullish Euro, which hit $1.1162, in line with the analysis's expectations. But we focus today is Germany December CPI final reading and the ECB minutes. These earlier announcements, it is possible to digest, but still can be bearish for the Euro. It is recommended to keep an eye on the Euro limit gains between 1.1165 or 1.1175 resistance.
 
Pound to dollar
1.3075/1.3085 resistance
1.3015/1.3005 support
Reported CPI fell in December and a flat reading in retail prices, the pound is expected to be affected by a wait to see how the Eurozone and U.S. economies perform. The rise in the pound could be limited ahead of the release tomorrow of December retail sales data. It is recommended to keep an eye on the trend of the pound, the rise may be adjusted.
 
Australian dollar
0.6935/0.6945 resistance
0.6885/0.6875 support
The United States and China have signed a first-phase trade agreement, and the two countries have made progress in economic and trade relations, which the market believes will indirectly boost Australia's economic growth and lower the expectation of a rate cut by the RBA. It is believed that with the help of closer ties and cooperation between China and the U.S., the prices of basic industrial metals will be boosted.
 
Dollar to yen
110.05/110.15 resistance
109.75/109.65 support
Dow futures rose as trade sentiment eased and investment sentiment picked up. If U.S. economic data continues to disappoint markets this week, Dow futures will fall. Believe that the dollar against the yen may start to decline. Suggest keeping an eye on Dow futures performance to capture dollar-yen trading direction.
 
USDCAD 
1.3075/1.3085 resistance
1.3025/1.3015 support
China and the United States signed the first phase of the agreement, crude oil prices rose, the Canadian dollar, the United States dollar against the Canadian dollar fell. Crude oil prices are expected to continue to rise, the USDCAD adjustment widened, is expected to first test 1.3025 and 1.3015 support.
 
U.S. crude oil futures
59.65/60.15 resistance
57.80/57.65 support
Before China and the United States signed the trade agreement, short interest. The official confirmation of the signing and the President of the United States said the two sides are working together to increase the price of crude oil. In addition, tensions in the Middle East have an opportunity to affect crude oil supplies. If risk aversion rises, bullish crude oil prices. Technically, refer to 57.80 and 57.65 support, up to 59.65 and 60.15 resistance.
 
Gold 
1559/1561 resistance
1547/1545 support
U.S. CPI fell, Dow futures and the dollar limited gains, and gold prices were supported by lows. The Fed beige book reported moderate economic growth, a gloomy outlook for investors, sent money into gold, which rose. Investors continued to watch Dow futures, using market sentiment to capture gold. If Dow futures rise, gold and silver price fall.
 
U.S. Dow Jones industrial average futures US30
29155/29220 resistance
29020/28930 support
China and the United States signed the first phase of trade agreement, good market investment climate. U.S. companies began reporting corporate earnings and the Dow could continue to rise in line with investor expectations. But it must be noted that corporate earnings may be lower than market forecasts, leading to a correction in the stock market. Technically, the first phase of the dow futures correction focuses on 29020 or 28930 support.
 
BTCUSD:
9025 / 9175 resistance
8250 / 8000 support  US December CPI lower then last month and the Fed Beige Book reported moderate economic growth, a gloomy outlook for investors and bullish the bitcoin price. Technically, the next target would looking at US9175. Keep watching the Dow. If Dow fell, the bitcoin price could up. It is same trend with gold price.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.

 

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ATFX Market Update - 2020.01.15

Author: AFTX   |  Publish date: Wed, 15 Jan 2020, 10:41 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Jan 15
 
Personal opinions today: 
 
The U.S. CPI rose 0.2% in December, down slightly from 0.3% but in line with expectations. The dollar had already fallen before yesterday's data. The Euro rose on the news, tried a 1.1145 resistance. Commodity currencies the Australian dollar, the New Zealand dollar and the Canadian dollar followed suit. Dow futures fell and gold prices rose since the US consumer price index was forecast to fall. Markets are focused today on the December U.S. PPI and the Fed Beige Book. Generally, the Fed releases its Beige Book, a snapshot of regional U.S. economic performance, with markets paying particular attention to the report for clues on the interest rate policy at the end of the month, which is more likely to lead the dollar in the right direction.
 
In European trading today, European currencies will be led lower by Germany's full-year 2019 GDP, U.K. December CPI, and the Eurozone November trade account forecast. The dollar will then move in response to a range of U.S. economic data expectations and results. On top of that, the U.S. manufacturing and services sector PMI slowed in December, while U.S. nonfarm payrolls, average wages, and CPI fell in December. The outlook for the Fed Beige book report was bearish Dow and US dollars, while the gold, silver price and the yen were on the strong side.
 
[Important financial data and events] note: * is important
 
15:45 France December CPI **
17:00 Germany Annual GDP growth in 2019 ***
17:30 UK December retail price index **
17:30 UK December CPI **
18:00 Eurozone November industrial output **
18:00 Eurozone November trade account ***
21:30 U.S. December PPI ***
21:30 New York Fed manufacturing index **
23:30 US EIA crude oil inventories change **
OPEC releases monthly oil market report ***
the next day 03:00, Fed Beige Book
 
Euro 
1.1145/1.1155 resistance
1.1105/1.1095 support
U.S. CPI data for December fell as expected, pushing the Euro higher. The market is watching today's European data, especially Germany's 2019 GDP and the Eurozone November trade account, for the most attention. If it beats expectations, the Euro could rebound. Technically, around 1.1145 or 1.1155, there are EURUSD important resistance levels. In addition, the U.S. Fed Beige Book on economic conditions is being watched, and the dollar could fall and the Euro’s gain if the report does not signal expansion.
 
Pound to dollar
1.3075/1.3085 resistance
1.2955/1.2945 support
Earlier, the Bank of England chairman said it had no intention of raising interest rates after weak UK economic data for November. The market is waiting for the results of the UK CPI and retail sales data in December, which are expected to temporarily lower the pound. If the U.S. economic data release is weak tonight and the Fed beige book outlook is downbeat, the pound could upward.
 
Australian dollar
0.6935/0.6945 resistance
0.6885/0.6875 support
The US and China signed a first-phase trade deal today that markets believe will indirectly boost Australia's economic growth, lowering expectations for a rate cut by the reserve bank of Australia. In addition, China and the United States strengthen close ties and cooperation, the news boosted the industrial metal prices, bullish Australian dollar. Technically, the AUDUSD first target resistance is 0.6935 and 0.6945. Expect the New Zealand dollar to have an opportunity to follow the Australian dollar.
 
Dollar to yen
110.20/110.30 resistance
109.75/109.65 support
Dow futures rose and the dollar briefly broke through the 110 marks against the yen as trade sentiment eased, expectations for global corporate earnings growth and investment sentiment picked up. But the yen strengthened as US December CPI fell and the dollar failed to rise further. If U.S. economic data continues to disappoint markets this week, Dow futures will fall. Believe that the dollar against the yen may start to decline. Suggest keeping an eye on Dow futures performance to capture the dollar-yen trading direction.
 
USDCAD 
1.3090/1.3100 resistance
1.3025/1.3015 support
U.S. crude oil inventories rose as expected and crude prices were already priced in ahead of the announcement. As usual, after the results were announced, short interest, crude oil prices rose, the indirect bullish Canadian dollar. On top of that, U.S. CPI fell in December and the outlook for the Fed Beige book report was not expected to produce growth forecasts, and the dollar retreated against the Canadian dollar. Technically, USDCAD expects to test 1.3025 and 1.3015 support.
 
US crude oil futures
59.65/60.15 resistance
57.80/57.65 support
After the crude oil inventory data, closed the short position, crude oil prices rose, the situation in the United States and Iran is expected to continue to disrupt the supply of crude oil investors, risk aversion is likely to continue for some time, supporting crude prices. Technically, refer to $57.80 and $57.65 support, up to $59.65 and $60.15 resistance.
 
Gold
1555/1557 resistance
1543/1541 support
U.S. CPI fell, Dow futures and the dollar limited gains, and gold prices were supported by lows. Markets awaited the Fed Beige book report, but investors were downbeat on the outlook, sending money into gold. If the report is neutral and does not explicitly signal weakness in the U.S. economy, gold is expected to adjust. Investors continued to watch Dow futures, recommended choose the Dow futures to forecast the market sentiment and capture gold price trends. If Dow futures rise, gold and silver price fall.
 
U.S. Dow Jones industrial average futures US30
29075/29155 resistance
28775/28645 support
Today, China and the United States signed the first phase of the trade agreement. However, the US government had no intention of lowering tariffs after the first phase of the trade deal. As a result, the market is betting that the second phase of trade talks could stall ahead of the U.S. president elected in November, with the investment climate cooling and the Dow likely to continue to adjust. Technically, if Dow futures adjust and Dow futures resistance level 29075 becomes the key resistance, testing lower support likely 28645.
 
BTCUSD:
9025 / 9175 resistance
8250 / 8000 support  US December CPI lowers than last month and the Fed Beige Book outlook would not good, bullish the bitcoin price. Technically, the bitcoin price over US8500 which is one of significant resistance. The next target would be looking at US9175. Keep watching the Dow. If Dow fell, the bitcoin price could up. It is the same trend with the gold price.
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.

 

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ATFX Market Update - 2020.01.14

Author: AFTX   |  Publish date: Tue, 14 Jan 2020, 10:45 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Jan 14
 
Personal opinions today: 
 
Japan today reported a trade deficit for November of 2.5 billion yen. Also, the Dow rebounded to close at a high, with the Nikkei following Dow futures higher and safe-haven money flowing out of the yen. Two factors led the Asian open today, the dollar-yen through the 110 barriers. Risk aversion cooled and money flowed out of the gold market. Gold prices fell earlier in Asia, breaking through support before $1,540.
 
Among European currencies, the pound was weaker. The move comes after the governor of the Bank of England president said earlier that BoE would not consider raising interest rates for some time to come. Bank of England officials said the same thing last night. In addition, industrial production and manufacturing in the United Kingdom fell sharply in November, and the merchandise trade account deficit was bearish for the pound. The pound fell as investors pared back their holdings as markets waited to see if the Brexit at the end of this month would resolve key issues related to its policy.
 
Markets will watch the release of the U.S. consumer price index for December tonight, limiting the dollar's performance. The dollar was weak as non-farm payrolls and average wages in the United States fell in December and the market calculated that U.S. consumer prices fell in December. But if December's consumer price index is in line with market expectations for a 0.2% gain or better, the dollar index is expected to rise. If U.S. consumer prices do well, that's good for U.S. stocks. If the Dow rises, gold falls, indirectly bearish for silver. Recently, the price of crude oil continued its downward trend, falling to $58. The market is watching the economic performance of countries, and will also care about the release of the U.S. crude oil inventory change tomorrow morning. If inventories fall, crude oil prices are expected to rebound.
 
[Important financial data and events] note: * is important
 
07:50 Japan November trade account
10:50 China December trade account ***
19:00 U.S. December NFIB small business confidence index **
21:30 U.S. December consumer price index ***
22:00 Fed Williams moderates discussion **
The next day 01:00 EIA releases monthly energy outlook **
The next day 05:30 U.S. API crude oil stocks last week ***
 
Euro 
1.1145/1.1155 resistance
1.1090/1.1080 support
The dollar fell on expectations of a drop in the Euro as markets awaited the results of U.S. consumer price data for December overnight. The market is waiting for the results of the data, if the expectations, the dollar rebound, bearish Euro. Technically, 1.1145 or 1.1155 are important resistance levels that may limit the amplitude. In contrast, U.S. data were weak and the Euro could test a 1.1155 resistance. Otherwise, Euro adjustment.
 
Pound to dollar
1.3035/1.3045 resistance
1.2955/1.2945 support
The Bank of England president has said it has no intention of raising interest rates after weak UK economic data in November. The pound is expected to be trading at a temporary low ahead of tomorrow's consumer price index and retail sales data. If the U.S. consumer price index is weak they release tonight, the pound could bullish. On the other hand, if U.S. crude oil inventories decline and Brent oil prices rise, it could benefit the pound. It is recommended to keep an eye on the results of the above data to catch the trend of the pound.
 
Australian dollar 
0.6935/0.6945 resistance
0.6880/0.6870 support
China's trade representative went to the United States is preparing to sign a trade phase agreement between the United States and China tomorrow, indirectly bullish the Australian economy and lowering expectations of a rate cut by the reserve bank of Australia. In addition, China and the United States strengthen close ties and cooperation, the news boosted the basic industrial metal prices, the bullish Australian dollar. Technically, the AUDUSD first target resistance is 0.6935 and 0.6945. Expect the New Zealand dollar to have an opportunity to follow the Australian dollar.
 
Dollar to yen
110.20/110.30 resistance
109.75/109.65 support
Equity markets continued to rise, with the Dow and Nikkei rising and the dollar breaking through the 110 marks against the yen. Technically, the dollar has been holding off the $110 barrier against the yen for the past six months. But outside of technical analysis, the dollar could fall against the yen if U.S. economic data is weak and Dow futures adjust. Suggest keeping an eye on Dow futures to capture the dollar-yen trading direction.
 
USDCAD 
1.3090/1.3100 resistance
1.3025/1.3015 support
Crude oil prices fell, bearish Canadian dollar. Crude oil prices are expected to settle after last week's correction against the Canadian dollar. If U.S. crude inventories decline and oil prices rise, the USDCAD could pull back to 1.3025 and 1.3015 support.
 
US crude oil futures
59.65/60.15 resistance
57.80/57.65 support
With political tensions easing and crude oil prices adjusted, short-term risk aversion is expected to continue for some time. The market is watching the U.S. economic data and crude oil inventory change data. Please pay attention to crude oil price volatility.
 
Gold
1560/1562 resistance
1533/1530 support
Tension in the Middle East cooled, coupled with a rise in investment sentiment, has seen money flowing into stocks. Dow futures rebounded, Asian and European stocks rose and money flowed out of gold and silver. For now, it is recommended to keep an eye on the Dow futures to capture gold and silver prices movement. Technically, the gold price, $1,530, is important support. If you break the support, it could test $1515 or $1505, respectively.
 
U.S. Dow Jones industrial average futures US30
29075/29155 resistance
28775/28645 support
China and the United States to sign the first phase of trade agreement time is approaching, positive market sentiment, driving the Dow rose. Also, Dow futures rose on expectations for U.S. corporate earnings growth. If any negative sentiment does not recur, Dow futures are expected to remain bullish. However, the key now is to see if the second phase of trade negotiations can be held shortly after the first phase of the trade agreement is concluded tomorrow. If more than a month, investment climate cooling, the Dow may adjust. Technically, the reference support levels are 28775 and 28645, respectively, when Dow futures fall further. Keep watching the important support at 28553.
 
BTCUSD:
8500 / 8700 resistance
7550 / 7300 support 
The Middle East tensions and U.S. jobs data under expectations, US CPI now is predicated lower, bullish the bitcoin price. Technically, the bitcoin price testing US8500 which is one of the significant resistance. 
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.

 

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ATFX Market Update - 2020.01.13

Author: AFTX   |  Publish date: Mon, 13 Jan 2020, 10:34 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Jan 13
 
Personal opinions today: 
 
U.S. December non-farm payrolls and average wages were below market expectations, but the unemployment rate was unchanged. In addition, the United States sanctions on Iran are also concerned that local tensions will affect the investment climate in global financial markets, more likely to see a rise in risk aversion. Pay attention to these factors, may be bad for the dollar, bearish for the stock market. If the situation escalates, the money will flow into gold and yen. If something happens, causing crude oil is a shortage, the price of crude oil has the opportunity to rise.
 
In the European session today, keep an eye on UK and Eurozone data, which currencies are likely to volatile.
 
[Important financial data and events] note: * is important
 
Tokyo stock exchange will be closed
17:00 Italy November retail sales *
17:30 UK industrial and manufacturing output November **
17:30 UK November merchandise trade account ***
18:00 Eurozone ZEW economic sentiment index **
 
EURUSD
1.1145/1.1155 resistance
1.1090/1.1080 support
U.S. December non-farm data fell short of market expectations, while the dollar fell and the Euro gained. The market is watching European data today, if the data beat expectations, bullish Euro. Depending on the data, the Euro rose. Technically, the 1.1145 or 1.1155 resistance level may limit the Euro. On the contrary, the data performance is weak, the Euro rise.
 
Pound to dollar
1.3085/1.3095 resistance
1.3015/1.3005 support
Brexit target deadline at the end of this month and the lack of confidence in the market's economic outlook makes it more likely that Ireland will split from Britain. The governor of the Bank of England said current economic and political conditions did not warrant a rate rise. Above factor, bearish pound. Short-term factors, Brent oil prices fell, is also bearish for the pound. In the European session, the UK released key economic data. The pound fluctuates depending on economic data. Technical analysis, 1.3100 is significant short-term resistance for the GBPUSD, support level note 1.3005.
 
Australian dollar to dollar 
0.6935/0.6945 resistance
0.6880/0.6870 support
On Wednesday, the United States and China will sign a trade deal and are expected to increase trade cooperation between the two countries, indirectly boosting the Australian economy and lowering expectations for a rate cut by the reserve bank of Australia. It could bullish Australian and New Zealand dollars are now expected. Technically, the AUDUSD first resistance is 0.6935 and 0.6945. Expect the New Zealand dollar to have an opportunity to follow the Australian dollar.
 
Dollar to yen
109.70/109.80 resistance
109.45/109.35 support
The Tokyo stock exchange was closed for the Japan holiday. But risk aversion cooled, global stocks rebounded and Asian stocks rose, driving the dollar higher against the yen. If equity markets continue to rise, the dollar could test 109.80 yen. Technically, the dollar has been limiting the $110 barrier against the yen for the past six months. The dollar could fall against the yen if equity markets correction. Suggest keeping an eye on Dow futures performance to capture the dollar-yen trading direction.
 
USDCAD 
1.3090/1.3100 resistance
1.3025/1.3015 support
Crude oil prices fell, bearish Canadian dollar. Crude oil prices are expected to settle after a correction in the U.S. dollar and the Canadian dollar last week. If crude oil prices rise, USDCAD could pull back 1.3025 and 1.3015 support.
 
US crude oil futures
60.65/61.15 resistance
58.80/58.65 support
With political tensions in Middle East easing and crude oil prices adjusted, short-term risk aversion is expected to continue for some time. Also, increased demand for seasonal crude oil is expected to test $62 or higher.
 
Gold
1570/1572 resistance
1545/1543 support
Middle East tensions have calmed for a while, but U.S. job growth fell short of market expectations and gold was bullish. At present, the political situation in the Middle East is not stable, and risk events reappear at any time. If found Dow futures fall, a capital fund could flow into gold and silver, let the prices could rise again. For now, the advice is to keep an eye on the situation, watch Dow futures for any moves, and catch gold prices moving.
 
U.S. Dow Jones industrial average futures US30
29125/29195 resistance
28775/28645 support
On Wednesday, China and the United States signed the first phase of a trade agreement, which increases the investor’s climate. In addition, Dow futures are expected to continue to rise on expectations for U.S. corporate earnings growth. If negative sentiment does not recur, Dow futures are expected to continue their upward trend. Technically, Dow futures reference support is 28775 and 28645, respectively. Significant support 28553.
 
BTCUSD:
8250 / 8500 resistance
7550 / 7300 support 
Dow futures fell cause of Middle East tensions eased and U.S. jobs data under expectations, bullish the bitcoin price. Technically, US8250 and US8500 as significant resistance
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.

 

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ATFX Market Update - 2020.01.10

Author: AFTX   |  Publish date: Fri, 10 Jan 2020, 10:34 AM


ATFX-A Global Leader in Online Trading
ATFX Market Outlook, 2020 Jan 10
 
Personal opinions today: 
 
U.S. December ADP job change beat market expectations to 202K. Tonight, the U.S. labor department will release December Non-farm payroll. The dollar was supported by market expectations that non-farm payrolls will continue to grow. European currencies and commodity currencies fell. Commodity prices, gold, silver, and crude oil were adjusted ahead of U.S. non-farm payroll. On the stock market, investors expected U.S. jobs number growth and market forecasts for U.S. corporate earnings growth in the Q4. Dow futures continued to rise, with Asian stock markets also rising in Asia trading today.
 
The dollar index, Dow futures, and the world stock index rose ahead of the December non-farm payrolls report. Gold, silver and oil prices adjusted. After the non-farm payrolls data, the above-mentioned investment product price trend may reverse.
 
[Important financial data and events] note: * is important
 
14:45 Swiss December unemployment rate **
15:45 French industrial output in November **
21:30 U.S. non-farm payrolls for December ***
22:00 EU foreign ministers hold emergency meeting **
23:00 U.S. November wholesale sales **
 
EURUSD 
1.1145/1.1155 resistance
1.1090/1.1080 support
The Euro continued to fall as the dollar rose after the U.S. December ADP job data growth over market expectation. Today, the market focus on the United States non-farm payroll and EU foreign ministers held an emergency meeting. It is now estimated that the Euro may continue to test 1.1105 and 1.1095 support. Due to the fluctuation of U.S. non-farm payroll data, it is recommended to reserve the lower support level of 1.1080. If dollar gains adjust, the euro against the dollar try 1.1145 or 1.1155 resistance.
 
Pound to dollar
1.3185/1.3205 resistance
1.3045/1.3350 support
The U.K. is expected to leave the European Union in an orderly fashion by the end of the month, giving the pound a chance to rally if the climate for British investment improves. In the short term, markets are focused on the U.S. non-farm payrolls data tonight, indirectly affecting the pound. Market expectations for the U.S. ADP in December were similar to the non-farm payrolls data, the dollar index's rise began to be priced in, and the pound is likely to move higher. Technical analysis, GBPUSD is significant resistance at 1.3282, short-term support look at 1.3045 and 1.3035, resistance 1.3185 and 1.3205.
 
Australian dollar to dollar 
0.6890/0.6900 resistance
0.6850/0.6840 support
U.S. ADP job number change growth and expect U.S. nonfarm payrolls to reach that level tonight. The Australian dollar is believed to be close to the point of support after a sharp correction following December's U.S. ADP job data. The Australian and New Zealand dollars are expected to rebound early next week as a smooth trade deal between the United States and China is expected to boost expectations for the Australian economy and lower expectations for a rate cut by the RBA.
 
Dollar to yen
109.70/109.80 resistance
109.15/109.05 support
Risk aversion cooled, global stock markets rebounded, driving the dollar higher against the yen. If equity markets continue to rise, the dollar could test 109.80 yen. Technically, the dollar has been limiting the $110 barrier against the yen for the past six months. If the challenge fails again today, watch for a reversal and test the 108 level. The dollar could fall against the yen if equity markets correct. Keep an eye on Dow futures and the Nikkei to capture the direction of dollar-yen trading.
 
USDCAD 
1.3090/1.3100 resistance
1.3025/1.3015 support
Oil prices fall as geopolitical turmoil subsides. Additional, the U.S. jobs data is expected to increase, the dollar rose, indirectly bearish Canadian dollar. Markets are focused on U.S. non-farm data tonight and believe the market has already priced in U.S. ADP growth, the U.S. dollar's rise could slow and the U.S. dollar/Canadian dollar could pull back from 1.3025 and 1.3015 resistance.
 
US crude oil futures
61.65/62.15 resistance
59.20/58.80 support
Political tensions ease, crude oil prices adjust. Short-term risk aversion is expected to continue, with oil testing $62 or above. The advice must be cautious, pay attention to crude oil price volatility.
 
Gold 
1570/1572 resistance
1540/1538 support
The situation in the Middle East has calmed down, US job number growth, and gold prices have adjusted to high levels. For now, with no other risk events, U.S. jobs data could beat market expectations. Dow futures rose, sending money out of gold and silver. For now, it is recommended to keep an eye on the situation, if there is any movement in Dow futures and Nikkei index futures, you can refer to the trend and catch the movement of gold price.
 
U.S. Dow Jones industrial average futures US30
29125/29195 resistance
28735/28645 support
Dow futures continued to rise on expectations of better business results and investor confidence as the U.S. - Iran relations eased, U.S. job data predicted growth, China and the United States signed a first-phase trade deal next week. If no negative sentiment, Dow futures are expected to continue their upward trend. But the market is likely to take advantage of the U.S. non-farm payroll data to position itself before and after the release of the data, with investors watching for a correction in Dow futures, the extent of the Dow futures correction as a result of the U.S. non-farm payrolls data. Currently, refer to 28735 and 28645 support.
 
BTCUSD:
8250 / 8500 resistance
7550 / 7300 support 
Dow futures rebounded as tensions eased in the Middle East and U.S. jobs data beat expectations, bearish the bitcoin price. Investors expected U.S. non-farm payroll good, the bitcoin downward. 
 
Enjoy trading! The content is for reference only. Please do ensure that you understand the risk.
 
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.

 

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