Jiming Huang / Blog
Still weak within range. • USD/CHF failed to breach 1.0107 dropping sharply to support. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.0171...
Weak bounce • USD/JPY has broken to the downside out of the horizontal support at 110.11 confirming a bearish bias. Next support can be located at 108.22 (intraday low). Other key supports lie at a...
Pushing higher. • GBP/USD has rallied off key support at 1.2334, suggesting a potential short-term base formation. Key resistance stands at 1.2605 (27/03/2017 high). An hourly support can be...
Test of resistance. • EUR/USD has improved, yet failure to break resistance suggest a reversal. Monitor the resistances area given by 1.0679. Hourly support can be found at 1.0650 (intraday base) then...
Berkshire Hathaway is dumping 9 million shares of Wells Fargo worth around $480 million in order to get around possible Federal Reserve regulations. Warren Buffett's company owned more than 10% of the bank after Wells repurchased a large chunk of its shares in 2016...
Another currency deeply affected by speculations has been the GBP, on which we remain pointedly constructive. First we suspect that the GBP will provide a level of protection from a surprise Marine Le Pen outcome in the French elections...
* Dollar falls across the board after Trump comments * Dollar index hits lowest since March 30 * Dollar hits new lows vs yen, Swiss franc (Recasts throughout following Trump commments) NEW YORK, April 12 (Reuters) - The dollar fell broadly on Wednesday after U.S...
President Donald Trump backtracked on a handful of major issues Wednesday, from his opinion of the North Atlantic Treaty Organization to the status of Fed Chair Janet Yellen, adding to markets' anxietiesand prompting swift criticism by a top Democrat...
The Federal Reserve's plans to raise U.S. interest rates gradually are aimed at sustaining full employment and near-2-percent inflation without letting the economy overheat, Fed Chair Janet Yellen said on Monday...