Jiming Huang / Blog
Lack of follow-through. • USD/CHF is back above former support given at 0.9692 (22/05/2017 low). Strong resistance is given at 1.0107 (10/04/2017 high). Expected to show continued weakness towards hourly...
Renewed bullish pressures. • USD/JPY is trading higher towards resistance given at 112.13 (24/05/2017 high). Hourly support is given at 110.24 (18/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low...
Sideways price action. • GBP/USD is bouncing from hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show renewed bearish pressures...
Consolidating. • EUR/USD is consolidating 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...
The four major parties appear to broadly agree on electoral and parliamentary rules. The new system would favor broad coalitions and reduce the chances of an anti-establishment victory...
The general tone of preliminary releases was that economies worldwide are doing great, almost without exception, and that Europe is outperforming the US. This latter trend will highlight the discussion at one of the two main upcoming events, the European Central Bank (ECB) meeting on Thursday...
President Trump's decision to walk away from the Paris Climate Accord is likely to result in additional oil production. This is not supportive of oil since recent reports indicate that OPEC nations - that are exempt for production cuts - have started to increase production...
The market is looking for a solid May job report, especially after ADP’s upside surprise. According to data collected by the ADP Research Institute, US companies added 253k jobs in May, well above estimates of 180k, while the previous month’s reading was upwardly revised to 174k...
In an effort to stabilize the ruble, Russia is looking to expand its Foreign-Exchange reserves (including Gold). Today, Russia will disclose this amount for the period ending 26 of May...