Jiming Huang / Profile

Sideways price action. (By Yann Quelenn ) • EUR/GBP is trading slightly lower. The pair is trading between support at 0.8689 (08/12/2017 low). Resistance is located at 0.8867 (05/12/2017...

Pushing higher. (By Yann Quelenn ) • AUD/USD's upside pressures are growing. Hourly resistance is given at a distance at 0.7695 (15/12/2017 high). Support stands at 0.7502...

Monitoring 1.29. (By Yann Quelenn ) • USD/CAD is testing hourly resistance at 1.2917 (27/10/2017 high). Expected to show continued buying pressures...

Riding downtrend channel. (By Yann Quelenn ) • USD/CHF is trading lower. Yet, the technical structure indicates further downside risks. The pair has failed to hold consistently above the...

Ready for another leg lower. (By Yann Quelenn ) • USD/JPY is ready to push lower. Hourly resistance is given at 113.75 (12/12/2017 high) while hourly support is given at 112.03...

Riding short-term downtrend channel. (By Yann Quelenn ) • GBP/USD continues to move lower within downtrend short-term channel. The technical structure indicates further weakness. Support is...

Consolidating above 1.1700. (By Yann Quelenn ) • EUR/USD's short-term bearish momentum has abruptly ended. Hourly resistance is given at 1.1961 (27/11/2017 high). Hourly support given at...

Chinese growth has been helped by credit growth in recent years. Companies' borrowing helped raise debt from 150 percent of the economy to 270 percent of the economy in 10 years. Data suggests that credit growth continues to be important. Off-balance-sheet lending has replaced bank lending...

After the deluge in central bank reporting of recent days, the coming week looks far less busy. The Swedish central bank may decide on a final extension of its asset purchase program on Wednesday, but this should have only a limited impact on the currency...

The ECB meeting did not bring anything new on the table. The European Central Bank has held its rates unchanged and increased its forecast for growth for the next years. In addition, officials believe that the inflation won’t reach the target by 2020...

The Australian dollar extended gains for the fifth consecutive days after the Australian Bureau of Statistics (ABS) released a better-than-expected November job report. Although the unemployment rate held steady at 5...

As expected the Fed ends up its year by increasing rates to the window 1.25% - 1.50%. It is finally the third time in the year that the US Central Bank increases rates...

The Federal Reserve opened the ball yesterday by raising borrowing costs. The central banks’ show will continue today with the SNB, Norges Bank, CBRT and ECB. As widely expected the Swiss National Bank didn’t change anything to its monetary policy set-up...

The SNB is not moving, unwilling to disrupt the markets current narrative. From the SNB vantage point macro and domestic conditions are in a sweet spot for current policy...

After surging across the board yesterday, the US dollar partially reversed gains during the Asian session, with the dollar index returning towards 94 followinga positive surprise in the PPI Index. November’s headline producer prices gauge rose 3.1% year-over-year, beating median forecast of 2...

The USDJPY has been increasing since the last week of November and is now monitoring stronger levels below 114 yen for one single dollar note. The yen is getting weaker but remains way too strong for the Bank of Japan to start normalizing its monetary policy...

Many market participants expected that the introduction of Bitcoin futures trading would trigger a sharp correction, as it would be finally possible to take short positions. In fact, the opposite happened, the price soared more than 20% and returned above the $17,000 threshold...

The Swiss franc keeps on weakening against the euro and is now trading below 1.17. Late last July the EUR/CHF pair jumped from 1.10 to 1.15 and since the pair continues rising. This morning the sight deposits have been released and it seems that at current levels, the SNB is less under pressure...

The US dollar has been rallying strongly since the market opening this morning. The greenback extended gains against all its G10 peers, rising the most against the Japanese yen and the Swiss franc (+0.65% both), the New Zealand dollar (+0.45%) and the Swedish krona (+0.38...

A Christmas rally is possible. (By Yann Quelenn) • Bitcoin is now consolidating below 12k. The technical structure shows a tremendous positive short-term momentum. Hourly support is located...