Jiming Huang / Blog
Preparing to challange support. (By Peter Rosenstreich) • USD/JPY further declined today confirming increasing selling pressures. The pair has failed to test resistance at 111.05 (04/08/2017 high...
Grinding higher. (By Peter Rosenstreich) • GBP/USD is recovering after its recent massive sell-off. Monitor the test of resistance at 1.2995 (01/09/2017). Hourly support is given at 1.2774...
Consolidation. . (By Peter Rosenstreich) • EURUSD is consolidating after massive bullish rally. Hourly resistance can be found at 1.2070 (29/08/2017 high) while hourly support lies at...
After a few weeks of summer lull, the coming seven days promise to be exciting thanks to a string of central bank meetings...
Investors are returning from the northern summer lull. The global economy that greets them remains strong. For the first time since 2007 the world's major economies are enjoying simultaneous growth. In real terms global trade is at a record share of GDP...
The swing in USDCHF this week has been stomach turning. The North Korean missile test reintroduced geopolitical tensions forcing FX markets to rotate back into traditional safe-haven currencies against the USD (EURCHF was basic unmoved due to the nature of the conflict...
Personal spending and income came in roughly in line with expectations, though the former printed slightly lower, suggesting that personal consumption should continue to improve in the third quarter. Moreover, June’s personal spending was revised to the upside from a flat reading to +0.2%m/m...
The U.S Energy Department has released US inventories data which shows a decline of 5.932 million barrels during the week ending August 25. It is the ninth consecutive weeks of decline and crude oil has lost 1% and is now challenging its 6-week low...
The US dollar received a much needed fresh boost yesterday amid the release of better-than-expected data from the world’s largest economy. Firstly, the second print on the second quarter GDP was revised to 3%q/q (annualised) from 2...