Jiming Huang / Blog
Back to bearish. • USD/CHF continues its decline despite some ongoing consolidation. Hourly resistance can be found at 0.9808 (30/05/2017 high). Strong resistance is given at 1.0107 (10/04/2017 high...
Bearish pressures arise, • USD/JPY's short-term bearish pressures are back. The pair is bouncing lower. Hourly support can be found at 109.12 (07/06/2017 high). Strong support is located at 108.13 (17/04/2017 low...
+ Consolidating. • GBP/USD is now consolidating around former hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high...
Sideways price action. • EUR/USD is trading mixed below strong resistance given at 1.1300 (09/11/2017 high). Hourly support is given at 1.1110 (22/05/2017 low) has been broken. Stronger support lies at...
That was a surprising result in the UK, Theresa May has lost her bet and did not win a clear majority. Her plan fell apart. A few weeks ago, markets had expected a large Conservative victory...
The outcome of the UK general election was quite a surprise as the market was broadly anticipating a victory for the Conservatives. Investors had bet heavily that Theresa May would have been able to reinforce her party's support in the House of Commons...
The euro is trading mixed ahead of the ECB meeting today. The European Central Bank is expected to cut its inflation forecast for 2019. Indeed the CPI should, according to an official European report, fall to 1.5% within the next three years while growth should remain below 2...
The publication of the latest batch of economic data from Switzerland went largely unnoticed as investors await impatiently the results of the UK general election and Mario Draghi’s press conference later this afternoon. The EUR/CHF was treading water above the 1...
German Factory orders declined - surprisingly - more than expected in April at -2.1% m/m. Indeed, recent economic data was on the strong side and showed that Germany was on a strong recovery road. The Factory Orders forecast, even though negative, was way more optimistic...