Personal opinions today:

 

To the diversification of products, the US Dow has an impact on global markets and financial products. This commentary has joined the US Dow Jones Industrial Index futures US30 analysis from today, please read here below!

 

Personal insight today:

 

The investment market fluctuated before the end of this year, the US Dow continued to fluctuations. The US Dow was affected by the decline in consumer confidence index last night. The stocks of technology and non-consumer industries fell, dragging the US Dow to 800 points, and the last three hours before the market closed. Reversal and go higher, closing at 23,200 points. The Dow rebounded and closed, and Japan’s Nikkei index rebound and closed above 20,000 points. Under the volatility of the stock market, the USD/JPY also reversed its trend. The gold could not break the past resistance US1279.

 

Market volatility in recent weeks is related to the settlement of fund managers before the end of the year. Another possibility is that the US government's appropriation negotiations are still in a state of stalemate. Some US government departments, therefore “stopped” and have no time limit. The market has been waiting for the US President to negotiate with the US House of Representatives. It is generally believed that the US President’s negotiations with the US House of Representatives can finally be resolved. Some investors entered the market when the stock market was in a downturn, but the Dollar Index still fell. Anyway, the last day of trading in this week, the market is expected to continue to fluctuate, paying attention to trading risks. At 21:00 in the evening, please pay attention to Germany's December CPl monthly rate and the initial value of the annual rate, as a judgment of whether the euro can continue the recent rally.

 

Today's suggestion:

 

EURUSD

1.1455/1.1470 resistance

1.1380/1.1365 support

At 21:00 in the evening, please pay attention to Germany's December CPl, as a judgment of whether the euro can continue the recent rally. The market is currently expected to grow to 0.3%, up from last month, with a bullish euro. However, the results only met expectations or were lower than expected, and the euro has a chance to fall.

 

GBPUSD

1.2685/1.2710 resistance

1.2635/1.2620 support

The risk of Brexit, the British government and the Prime Minister will need to submit a draft of the Brexit to the EU in early January. Otherwise, the Brexit agreement will not be reached by the end of March. The British government is responsible for all risks after the Brexit. Therefore, the pound will continue to be downside risk in the short term, technically, the trend is still bearish.

 

USDCHF

0.9905/0.9920 resistance

0.9845/0.9830 support

The U.S. government’s financial appropriation has not been passed, and the US dollar has once again been negative. Indirectly, the European currency, the Swiss franc, has risen indirectly. Tonight, Germany announced the December CPl data, which indirectly affects the Swiss franc. Technically, the Swiss Franc continues to follow the pace and direction of the Euro.

 

USD/JPY

111.15/111.30 resistance

110.65/110.50 support

Japan’s unemployment rate rose, core CPl fell, retail sales fell and industrial production also fell, bad for the yen. It is estimated that in the first quarter of next year, the Japanese government and Bank of Japan need to consider broadening the monetary policy and have the opportunity to bearish the yen. Also, if the US Dow is strong, it may drive the dollar to rise against the yen. It is recommended that the USD/JPY be at the 110 level and try to avoid to do short position.

 

AUDUSD

0.7025/0.7010 support

0.7060/0.7075 resistance

It is expected that the second week of January next year, the Sino-US trade war will resume negotiations, which is expected to improve trade relations and drive the Australian economy. If the fundamentals improve, it will help the Australian dollar against the US dollar. Technically, if the resistance is 0.7080 and 0.7115, the trend is expected to rise further.

 

NZDUSD

0.6700/0.6690 support

0.6745/0.6760 resistance

The Sino-US trade war has eased. China and the United States have planned to restart the meeting in early January, which will bullish on New Zealand dollar by past record. At present, the New Zealand dollar has expected to support around 0.6700 a short-term trend, and expect to test the resistance of 0.6745/0.6760.

 

USD/CAD

1.3650/1.3670 resistance

1.3560/1.3540 support

US crude oil prices rebounded, bullish Canadian dollar trend, the dollar against the Canadian dollar is expected to return to below 1.3600. Technically, if crude oil prices weaken, the Canadian dollar may also weaken. It is recommended to trade USD/CAD, paying attention to the changes in crude oil price will affect the Canadian dollar.

 

EUR/GBP

0.9070/0.9085 resistance

0.9025/0.9010 support

Currently affected by the US market factors, the euro and the pound are similar. From an economic perspective, the euro zone economy and interest rate market outlook is better than the UK, and the euro is expected to go higher against the pound. Technically, short-term concerns are 0.9070 and 0.9085 resistance.

 

EURCHF

1.1300/1.1320 resistance

1.1260/1.1240 support

The trend of the euro and the Swiss franc followed the performance of the dollar and the trend was similar. For short-term fluctuations, it is recommended to pay attention to the above proposed range of volatility.

 

XAUUSD

1278/1280 resistance

1272/1270 support

The US government's financial allocation has not yet been passed, and some government departments stopped to operate, and the risk has led to an increase in gold. If the US government's financial allocation is finally passed, it is believed that the market risk can be reduced and it will be sell of the gold. In addition, when the US Dow and global stock markets rise, they must pay attention to the downside risks of gold.

 

US crude oil futures:

47.00/47.60 resistance

44.75/44.05 support

OPEC will start production cuts next month and financial institutions expect strong US retail sales this year, stimulating demand for crude oil to drive oil prices to rebound. Technically, it is expected to test the resistance of $47, but still must pay attention to the downside risk. Short-term fluctuations are expected to range from $44 to $47.

 

US Dow Jones Industrial Index Futures US30:

23265/23405 resistance

22575/22260 support

The US Dow has been psychologically affecting the investment climate by some US governments department shut down. In addition, the fund manager's investment did not actively investment before the end of the year, and US Dow fell. Fortunately, the consumption seasonal effect at the end of the year is supported, the US Dow has rebound at lower. It is recommended it must be prudent to prevent further downside risks.

 

BTCUSD:

4000 / 4200 resistance 

3450 / 3250  support 

After the bitcoin adjusted and it's trying to rebound. Now recommend the US3450 is a key support. Also recommended 4000 and 4200 as a strong 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. 
Contact: cs.gm@atfx.com or wechat: ATFX_China

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