April 15, 2021 by Mario Soto

GOLD D1 & HIN APRIL 15

xauusd-h4-asia-capital-markets-3 APRIL 15

You can find talk to Micahel Cueto our Chief Market Strategist and author of this article, every Tuesday, Wednseday or Thurday during our forex 101 coashing session where he will give you insight into his very own trading strategies. Register on our facebook page by clicking on the link below. To get one on one coaching please register for a live account here

April 13, 2021 by Mario Soto

ACM appoints new Chief Market Analyst, Michael Cueto to join their team. Michael has had extensive experience and knowledge in the financial markets industry. Concurrently a financial writer of International Business Times (IB Times), he's been exposed in retail banking, forex and binary options trading, and trading education as a financial and credit analyst, trader, trader advisor, coach/mentor and trainer.

Michael is a great asset to the ACMarkets family. With his extensive knowledge of the markets and experience in mentoring and coashing our clients will be one step above the rest. Michael will be offering his knowledge to all level of clients, from people who have never traded a day in their life to sharing ideas with sofisticated investors. He is a true asset and we are very excited to have him on board.

You can expect to see Michael on ourweekly mentor webinar series and appear on our daily news feed with the latest in market news. Michael will also be offering coaching to all new clients interested to learn how to trade the forex markets so please don't hesitate to open an account and get started.

If you would like to reach out to michael and enquire more about his services you can reach him at michaelc@asiacapmarkets.com

February 8, 2021 by Mario Soto

Bitcoin has surged past $56,000 thanks to Elon Musk investing more than $US1.6 billion into the crypto currency. Further to this he announced that Tesla will also begin accepting bitcoin as a form of payment for its products in the near future. Following this announcement we saw the price of Bitcoin reach $56,078.41. This move by Tesla further institutionalizes bitcoin as an accepted means of value in global business. Mr. Musk last week changed his Twitter bio to read #bitcoin a not so subtle sign of what was already in the works. With Tesla now in the mix, what will this mean for bitcoin and other crypto currencies in the near future? Make sure to check out our upcoming webinar Learn To Trade Forex

February 1, 2021 by Mario Soto

We have a full week of  announcement in the week ahead. How is the pandemic affecting the markets? Which economy is on the rise? German Retail Sales will be first cab of the ranks today followed by US ISM manufacturing PMI, RBA Interest Rate Decision and Europe GDP tomorrow. Lets take a look at what other major announcements we have this week. AUDUSD hit highs not seen since March 2018 last month but February has started off with a nice dip for the bears as the pair as Perth's lockdown amid a coronavirus outbreak and China PMI results send the pair lower to 0.7700. Weak data triggered a dip in equities which also hasn't helped the Aussie. The only saving grace for the AUD was gold's bounce on the back of soaring silver prices. Tuesday's RBA interest rate announcement is not expected to bring much joy and will likely see rates left unchanged. We expect a bearish week for the AUDUSD pair with 0.7600 a target. EURUSD septimate remains positive however investors still remain cautious during such uncertainty. The weekly chart shows that investors remain bullish on the pair but reluctance has begun to creep in. But we should still see it hold above 1.2000 for now. Coronavirus is still front and center. With numbers still high and Vaccine distribution being delayed globally, investors don't know where to turn. We remain bullish on the Euro for now but remain cautious. USD has a big week with ADP Employment Change for January and NFP announcement to come out not to mention ISM Services and ISM Manufacturing. With equities down and a bounce in gold we have seen the greenback retrace again on Friday. Looking at the DXY we see a strong push towards 90.00. With not much sign of improvement we remain bearish on the USD. XAUUSD  with global inflation remaining high and the worlds top Central Banks committing to keeping policies laxed, should see investors remain bullish on gold at least for the first half of 2021. USDCAD will be tested Friday when Canada reports its unemployment rate. With forecasts showing that Canada is expecting to lose on employment and the US gaining, this would result negatively on the CAD and see strength in the dollar. With the US nowhere near a recovery, a line in the sand seems to have been drawn with the pandemic as we see cases declining. A strengthening US economy will see the USDCAD rally. GBPUSD saw a slight pullback on Friday however has dusted them off with a pre-budget recovery plan triggering optimism. But lets take a look at the elephant in the room shall we? In the shadows of despair lurked a dark and sinister villain. One so tremendous it would see the end of Britain's economy and ties with the European nations. BREXIT! After four long years of doom and gloom, Britain has sailed away without even a scratch. Thursday we see the Bank of England policy vote and Governor Andrew Bailey's speech however little is expected to come out of these. Remember to be prepared. Trade safe and within your means. See the full calendar here.