Jiming Huang / Blog
Today the Bank of England will decide about its interest rate that should likely remain around 0.25% against the backdrop of political uncertainties. Indeed, the 8th of June New General Election will take place, after Theresa May asked the Queen Elizabeth to dissolve the parliament...
The New Zealand dollar tumbled 1.20% during the Asian session after the RBNZ surprised the market with a dovish statement. The Kiwi slid to 0.6718 against the greenback, its lowest level since June 3rd last year. The central bank held the Official Cash Rate (OCR) at record low 1...
Since mid-April, gold has continued to decline and it is now around its lowest level since March. This comes as the French election fears have now faded and also recession risks have seemed to be lower for some time. There are a few things to be said anyway though...
After rallying aggressively since the beginning of the week, the greenback retreated against most of its peers as investors took a breather to assess the dollar’s outlook. The dollar index rallied as much as 1.16% since Monday morning and hit 99.68, thanks to a sharp debasement in the CHF (-1...
The Swiss unemployment rate decreased to 3.3% in April - but we recall that since 2011, the unemployment rate has increased from 2.7%. There are two major things that can be said about this. First, the Swiss economy is very resilient despite the strong franc and the jobless rate is still very low...
After falling 1.60% last week, the Australian dollar printed a fresh multi-month low amid disappointing retail sales. AUD/USD reached $0.7353 on Tuesday morning as retail sales contracted -0.1%m/m in March, missing estimates of +0.3% but this was better than a downwardly revised figure of -0...
Last Friday, the last US labour market report surprised on the upside as the economy created 211k private job in April, beating forecast of 190k. Previous month’s reading was revised slightly to the downside (79k versus 98k first estimate). Similarly, the unemployment rate slid to 4.4% from 4...
As widely expected by polls, Emmanuel Macron won the French Presidency with a clear advantage (65% over 35% for Marine Le Pen). Financial markets barely reacted and the single currency is still trading below $1.10. It is worth noting that the euro climbed anyway at 6-month high...
Short-squeeze. • Crude oil is bouncing back on short-squeeze move. The commodity has reached a level below $44. Strong support is given at 42.20 (14/11/2017 low). Expected to see renewed bearish...