Following a successful showing in Traders Fair, Kuala Lumpur, Malaysia last year. Global leading forex broker, ATFX participated in the same event again in Kuala Lumpur on April 27, 2019.
There were over 1500 attendees in total. The event is a famous financial B2B expo in Asia, which started...
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Markets are worried the U.S. government will raise tariffs to 25% on imports from China to U.S. goods on Friday. Dow and global stock fell, money flowed into gold and JPY, which all rose. In addition, the United States is expected to impose tariffs on Chinese imports of...
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After a sharp rise in private ADP jobs in April, the US nonfarm payrolls rose more than expected to 263,000 in April. Private nonfarm payrolls totaled 230,000 in April, and the unemployment rate fell to 3.6 percent, beating market expectations. Unfortunately, hourly...
The Australian economy and dollar has been under pressure over the last few months, and might further fall if the RBA cuts rates on May 7.
Watch our video to find out what forex traders will be watching as they plan their trades around the RBA rate meeting on May 7. Not only do we show what we...
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On Wednesday, U.S. ADP reported 275,000 jobs, over market expectations, the market expected the non farm payrolls data also over expectation 185,000 jobs. The only thing that matters is whether average wages. If the result over market expectations, the dollar...
The Australian dollar is always interesting to trade, but early next week it will be even more interesting. The markets are giving it a 50% probability that the central bank will reduce interest rates by 25 basis points at their May 7th meeting, and if they indeed go ahead, we may see a large...
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The economic and trade consultations between China and the United States in Beijing have concluded, and officials from the two countries will hold their eleventh round of talks in Washington next week. U.S. have reported that the two countries are close to an agreement to...
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Global investment markets are trading regularly after the Easter holiday. But there was no economic data out of Europe today, and the principal U.S. figure was only the total number of new home sales in March. Crude trading focuses on U.S. API crude inventories.
Other...
ATFX Highlights of last week:
EUR: Pressured by disappointing PMI data
The Euro was down by 0.47% at the end of last week, buoyed by selling pressure on Thursday, driven by the disappointing initial reading of the Eurozones Markit PMI Composite, which came in at 51.3 points from 51.6 prior...
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Global investment markets are trading regularly after the Easter holiday. But there was no economic data out of Europe today, and the principal U.S. figure was only the total number of new home sales in March. Crude trading focuses on U.S. API crude inventories.
Other...
Last week's trading was fairly calm, especially concerning US data. The University of Michigan's consumer confidence index for April fell to a record low of 96.9 points, down by 1.5 points from the previous reading of 98.4. The US dollar remained relatively in narrow ranges for most of the week...
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Please note that markets in Europe, the US and Asia will be closed for Easter holiday on Friday and next Monday. This commentary closed tomorrow and next Monday.
The Fed beige book report showed moderate regional growth and continued expansion in consumer and investment...
In todays Front Row, we take a look at Emerging Market FX. Most currencies are up against the dollar at the time of writing, but not all currencies have the same prospects of adding to its gains. The Russian ruble is looking most promising, while the USDZAR is looking to be carving out a...
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Investors will be watching tomorrow the China first-quarter GDP report. The market estimates that China's economy continued to slow in the first quarter as a result of the trade war between the United States and China that began last year. Financial and property markets...
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China's first-quarter GDP report will be announced on Wednesday this week, which is the global market focus and affected the markets. If the Chinese economy continues to suffer from a trade war between China and the United States, the slowdown in economic growth will...
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The IMF has cut its global economic forecast, said the trade war between the United States and China is a slowing down on global growth. The report showed that the US economic growth will slow down from 2.5 per cent to 2.3 per cent this year. However, they pointed out...
Forex markets are quiet, and even more so the EURUSD. Since March 28, the price has been oscillating around the 1.1220 level in a 71-pip range and using the daily Average True Range indicator (14), we need to go back to September 2014 to find a similarly quiet episode, and preceding that, the...
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The US March CPI and core CPl results will be released tomorrow, with data reflect the U.S. first-quarter inflation and the Fed's monetary policy in future. As long as the CPl recorded growth above market expectations, it may stimulate market investment confidence and...
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U.S. February non-farm payrolls were revised up to 33,000 and returned to normal at 196,000 in March, beating market expectations for 180,000. Crude Oil prices rose to a 22-week high above $63, caused higher demand rose. But the average hourly wage rate fell to just 0.1...
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Eurozone February retail sales better than expected. The US March private sector's ADP employment change and US March lSM non-manufacturing (services) PMl slightly less than market expectations, and the US dollar fell below 97.0. The US data was not as expected, the euro...