Jiming Huang / Blog
Continued weakness (By Yann Quelenn ) • AUD/USD has weakened. The pair has broken support at 0.7733 (06/10/2017 low) Hourly resistance is given at 0.7897 (13/10/2017 high...
Surging. (By Yann Quelenn ) • USD/CAD has broken resistance at 1.2778 (15/08/2017 high). This suggests an extension of bullish momentum. Hourly support lies at 1.2331...
Bullish breakout. (By Yann Quelenn ) • USD/CHF is clearly in a strong bullish momentum. The technical structure suggests an improving short-term buying interest. Expected...
Heading higher. (By Yann Quelenn ) • USD/JPY has bounced back lower after reaching after setting a new hourly resistance at 114.24 (25/10/2017 high). Next key resistance can...
Pushing lower. (By Yann Quelenn ) • GBP/USD has successfully broken support at 1.3088 (12/10/2017 low). Resistance lies at (1.3229 reaction high) bouncing towards 1.3027...
Sharp decline. (By Yann Quelenn) • EUR/USD has broken support at 1.1725 (23/10/20107 low) which has triggered bearish extension to strong support given at a distance...
As expected, on 26 October the European Central Bank announced a further reduction in the pace of its monthly bond purchases to EUR 30bn from EUR 60bn and extended the program by nine months. In reaction, the Euro Stoxx 600 gained 1.1%, while the euro fell 1.4% versus the USD...
Sentiment data dominates the week ahead, with Monday seeing the release of Switzerland's KOF Indicator. Brussels will release Eurozone business climate data the same day. From Tuesday through Friday, we'll see a raft of PMI data from around the globe...
The ECB meeting disappointed markets as they were expecting a more hawkish stance from the ECB. Even though it was priced in that the QE would be largely extended, the bond purchase program will now be extended until next September, the amount has only been cut in half...