Jiming Huang / Blog
Breaking resistance at $1263. • Gold challenge to near term resistance has paused yet, momentum seems back to bullish despite some consolidation. Resistance is located at 1263 (27/02/2017 high). Hourly...
Breaks support area. • AUD/USD has broken the support at 10.7494 (19/01/2017 low. The current bounce near the support has thus far unimpressive failed to find momentum, confirming persistent selling...
Choppy trading. • USD/CAD has broken resistance area around 1.3400 which invalidates the short term bearish technical structure. Hourly support is given at 1.3265 (21/03/2016 low) is at stake. Key support...
Finding demand. • USD/CHF has gained significant momentum. Hourly support is given at 1.0039 (07/04/2017 base low) then 0.9814 (27/03/2017 low). Key resistance can be found at a distance at 1.0171...
Moving sideways. • USD/JPY is consolidating below resistance at 112.20 (31/03/2017 high). Stronger resistance can be located at 113.57 (16/03/2017 high) while support is given at 110.11 (27/03/2017 low...
Pushing lower. • GBP/USD remains weak near the support at 1.2334, indicating persistent selling pressures. Hourly resistance is located at 1.2469 (07/04/2017 high...
Downside pressure builds. • EUR/USD has broken the key resistance at 1.0679 (02/16/2017 high). Hourly support can be found at 1.0570 (intraday low). Stronger support can be found at 1.0494 (22/02/2017 low...
Consider the Federal Reserve the Starship Enterprise of monetary policy: It went where no central bank had gone before, and now must plot the journey home. The Fed already has begun one leg of the trip, as it has started raising interest rates from financial crisis-era lows...
Plans by the U.S. Federal Reserve to pare back its balance sheet should not be seen as a surprise with a reshuffle at the central bank likely in 2018, Goldman Sachs' chief economist has told CNBC Thursday. "I think it makes some sense...