Reminder: In the past weekend, the European region has implemented winter time, and the European trading hours and data release time are one hour later than the summer time. Winter time will be implemented in North America from Sunday to March 10, 2019, and the trading hours and data release time will be one hour later than the summer time. attention please!

Personal opinion today:

The US stock market was boosted by corporate performance. The US Dow rebounded more than 400 points, and both gold and yen fell. The dollar has generally risen against major currencies, and European currencies have fallen significantly. Because the market is still worried about the deficit in the Italian budget, bringing EU political pressure. In addition, the market is watching the results of the US ADP job data tonight.

At 11 am, the Bank of Japan’s interest rate decision and policy statement. At 14:30 in the afternoon, Bank of Japan Governor Haruhiko Kuroda held a press conference. The market paid attention to the central bank's policy speech. The US dollar against the yen will be more volatile, and even affect the recent changes in the trend.

In the afternoon, the Eurozone announced the September unemployment rate and the initial value of the CPl annual growth rate, and the market is closely watching. Before the release of the CPI in the Eurozone, you can pay attention to the German September retail sales announced in the afternoon after the European opening, France and Italy October CPl for reference. In the evening, Canada announced August GDP, and Canadian dollar investors deserve attention.

After the US ADP job data, next is the US the third quarter labor cost index and wages. The market is on the sidelines, and it is estimated that the average wage can be forecast for the US on Friday night.

Today's suggestion:

EURUSD

1.1335/1.1300 support

1.1375/1.1405 resistance

Technically, the euro continues to decline. The important data of the Eurozone is released this afternoon. If the Euro still does not break through the 1.1375 and 1.1405 resistance zones, the representative trend has not changed. There is a chance to continue to lower the low. The target can refer to the low of 1.1335 in mid-August and 1.1300. In the evening, investors followed the US ADP job data and the third quarter labor costs and wages. The expected results will affect the short-term trend of the US dollar. If the results are lower than expected, the euro has a chance to rise.

GBPUSD

1.2685/1.2655 support

1.2735/1.2765 resistance

The market is concerned about the Bank of England's interest rate and monetary policy decisions tomorrow night. However, the current trend, part of the short-term reasons, is bad for the pound. The market is watching the US ADP job data for the US tonight, paying attention to the lows of 1.2685 and 1.2655 that has seen in mid-August.

USDCHF

1.0065/1.0085 resistance

1.0030/1.0010 support

The dollar is strong and the euro is weak, affecting the fall of the Swiss franc. Technically, the US dollar against the Swiss franc broke through the resistance of 1.0025 and continued to move upward. If the US ADP job data is weak in the future, it may affect the dollar's decline. Looking at the results, the US dollar has the opportunity to adjust against the Swiss franc, with the first target of 1.0010 or 0.9985.

USD/JPY

113.35/113.50 resistance

113.05/112.85 support

On the eve of the Bank of Japan’s interest rate decision and the US stock market rebounded, the Japanese Nikkei Index was well-driven. The USD/JPY trend broke through the resistance. Technically, Japan’s Nikkei index rebounded at a double bottom with a neckline of 21,788. USD/JPY broke the resistance of 113.35 and 113.50 on the neckline 112.85. Pay attention to the statement of the Bank of Japan Governor and the results of the US ADP job data tonight, and pay attention to whether the USD/JPY trend will change.

AUDUSD

0.7100/0.7115 resistance

0.7070/0.7055 support

Copper prices continued to fall and industrial metal prices fell as well. The market expects the Australia CPl, bad in the third quarter, which is negative for the Australian dollar. The Australian dollar broke through the resistance of 0.7100 last night but with the European closing, the short position increased and the Australian dollar fell against the US dollar. Tomorrow, Australia announced the import and export prices in the third quarter and the trade account for goods and services in September. The market is expected to grow faster than the previous value, and it is expected to boost the Australian dollar.

NZDUSD

0.6565/0.6580 resistance

0.6540/0.6525 support

New Zealand announced that the September construction permit fell below market expectations, and the New Zealand dollar fell from 0.6565 resistance. However, the shape of the head and shoulders has not been destroyed, and the trend is expected to rise further. It may believe that if the US job data is not as expected, the US dollar will fall, and the New Zealand dollar will still have a chance to go up to 0.6580. In the trend, you can pay attention to the development of the Australian dollar against the US dollar.

USD/CAD

1.3155/1.3170 resistance

1.3080/1.3065 support

US API crude oil inventories decreased from the previous value, oil prices rebounded at a low level, and the US dollar adjusted against the Canadian dollar. The market is watching the US ADP job data, while paying attention to Canada's August GDP, it is estimated that it may be bullish the Canadian dollars. If the short-term oil price trend rises, the outlook for the Canadian dollar is equally bullish, and the US dollar against the Canadian dollar may test the target at 1.3080 or 1.3065.

EUR/GBP

0.8950/0.8965 resistance

0.8905/0.8890 support

The trend of the GBPUSD downward, and the decline was greater than the euro. This afternoon, the euro zone announced a number of important data, the euro reaction may be larger, while paying attention to data performance and volatility of the EURGBP. Pay attention to the talks between Italy and the UK, and the trend of the EURGBP will change at any time.

EURCHF

1.1415/1.1430 resistance

1.1385/1.1370 support

After the EURCHF showed a double-top pattern, the trend showed an adjustment pattern, and the development of the right shoulder neckline remained at 1.1365. Currently in the neckline support consolidation, pay attention to the right shoulder above the 1.1415 and 1.1430 resistance. This afternoon, the euro zone announced a number of important data, the euro reaction may be larger, while paying attention to data performance. Pay attention to the negotiations between Italy and the UK, and the trend of the EURCHF is changing at any time.

XAUUSD

1224/1228 resistance

1218/1215 support

The US Dow and global stock markets have shaken and even affected Asian stock market performance, and the gold trend has followed. Remember that when the stock market fell, the price of gold rose. The US stock market rebounded last night and gold fell. The price of gold fell below 1230 and 1228 respectively, and the trend further fell. However, we must pay attention to the trend of global stock markets and grasp the changes in the trend of gold. The market is watching the US ADP job data tonight. If the result is less than market expectations, the US dollar and the US Dow will fall respectively, and gold will have a chance to rise.

US crude oil futures:

67.20/67.65 resistance

65.95/65.75 support

The United States officially imposed sanctions on Iran, and the price of oil should go higher. Although the Saudi oil country organization said it may increase production, oil prices fell. The US API crude oil inventories decreased, and it is expected that ElA crude oil inventories will decrease tonight, and the oil price is expected to be boosted in the short term. The recommendation is currently focused on $66 support. If the trend continues, the rebound target will focus on $68.

BTCUSD:

6580 / 6650 resistance

6260 /6060 support

After the US released the Beige Book report, the US dollar weakened, positive the bitcoin. The market, now,focused on US job data  this week. As expectation the bitcoin is test the  US6260 support and US6060 important support.

Hope you enjoy and have happy trade!  The content is for reference only. Please do ensure that you understand the risk.

Information provided by ATFX, Chief Analyst of Asia Pacific: Martin Lam

Registered Australian Accountant/ Certified Professional Manager / Certified Financial
Advisor Experienced Investor / Media Market Commentator Martin Lam has Over 17 years’ experience in global investment market. Familiar with the worldwide stock indices, precious metals such Gold and Silver, Crude oil and Forex. He operated Martin Currency Trading Company and had partnership with a number of well-known international financial corporations and institutions. Before he join ATFX, he was TeleTrade Greater China development and Sales Director. Mr. Lam attends Hong Kong Now TV and China CCTV finance channel once a week. He also had regularly invited by different media, such as DBC Digital Financial Channel, Hong Kong Economic Times, The Standard, Ming Pao to share his experience to trade in Forex, Precious metals, Crude oil and worldwide stock indices. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 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.