Jiming Huang / Blog
A set of data has been released this morning and it seems it is a never-ending story for Japan. April machine orders just collapsed at -.31% m/m while markets had estimated an increase of 0.5. This data is often used as a proxy for the capital expenditure...
The USD was trading broadly lower against its G10 counterpart on Monday morning as investors anticipated a busy week for central bankers. The Federal Reserve is set to release its monetary decision on Wednesday...
Bearish momentum is fading. • Crude oil's decline is stopping since the recent collapse from $52. Support is given at a distance 43.76 (05/05/2017 low). The technical structure suggests further weakness towards 43.76...
Lack of follow-through. • Silver declines. Closest support is given at 16.20 (04/05/2017 low). Strong support is given at 15.63 (20/12/2017 low). Key resistance is given at a distance at 19.00 (09/11/2017 high...
Trading lower within uptrend channel. • Gold is consolidating within uptrend channel. Hourly support is located at 1246 (18/05/2017 low). Stronger support is given at 1195 (10/03/2017 low). Expected to show renewed...
Pausing on short-squeeze. • EUR/CHF is trading lower. The pair has broken support given at 1.0866 (18/05/2017 low). We believe that the medium-term pattern suggests us to see continued bearish pressures towards...
Volatility declines. • EUR/GBP has broken resistance at 0.8787 (13/03/2017 high). The pair keeps on going higher. Strong support can be found at 0.8304 (05/12/2017 low...
Fading momentum. • EUR/JPY is trading lower. Hourly support is given at 122.56 (18/05/2017 low). Hourly resistance can be found at 125.82 (16/05/2017 high). Major support is given at 114.90...
Short-term consolidation. • AUD/USD is pushing higher since the pair has failed to reach hourly support given at 0.7329 (09/05/2017 low). As long as prices remain below resistance at 0.7608 (17/04/2017 high), there are...