Jiming Huang / Profile

Ready to bounce back. (By Yann Quelenn) • USD/JPY is riding uptrend channel below former resistance at 114.49 (11/07/2017 high). Hourly support is given at 113.09 (09/10/2017...

Volatility declines. (By Yann Quelenn) • GBP/USD is still holding below 1.32. Support is given at 1.3027 (06/10/2017 low). Resistance area is given around 1.3200. Expected to show further...

Sideways price action. (By Yann Quelenn) • EUR/USD is still biased to the downside despite the current rebound. Hourly resistance is located at 1.1690 (03/11/2017 high). Hourly...

November looks set to be a month of consolidation for currency markets given there are no major central bank meetings scheduled. That said, some interesting activity data is due to be released in the coming week...

One year after US President Trump's victory, it is too early to see the Trump effect in economic numbers. Politicians are not that important in the short term. Economies generally react to policy changes with a long lag. The Trump effect will only show up in future numbers...

Risk appetite in Asia remains weak with steady selling in EM FX and stocks. No surprisingly, US President Trump and President Xi Jinping attendance at the Apec summit has failed to generate positive sentiment...

The Brazilian real came under renewed pressures starting mid-October as US yields initiated a much-awaited recovery. The entire EM complex suffered as the entire US yield curve shifted to the upside...

Banxico will likely keep its interest rates steady tonight at 7%. There are many reasons for that. First of all, inflation expectations are now getting lower as the central bank certainly raised too strongly the overnight rate by anticipating a stronger Fed tightening rate path...

The price of Bitcoin flash crashed yesterday at around GMT 18:00 after Mike Belshe, CEO of BitGo, published a note explaining the reasons why they will not support the Segwit2x fork...

Perhaps the timing might be questionable but China trade surplus with the US dropped to $26.2 in Oct from $28.08. Interestingly US president trump will be traveling to Beijing today to meet Xi Jinping. Overall while exports dragged increasing 6.9% y/y from 8.1% (against 7...

Since the beginning of the week, G10 currencies were range bound. The lack of major news, both on the political and monetary policy sides, has caused a collapsed of volatility levels. The CVIX (Currency Volatility Index) eased to 6.87%, the lowest level since September 2014...

This morning has been released the Swiss FX reserves for October. The data increased strongly to $741.5 billion from $724.4billion. The reserves hit a clear record high...

Political risk have again picked up in Europe prompting a stark sell of in Euro. In Italy the center-right coalition led by former Italian Prime Minister Berlusconi solidly won regionals elections in Sicily...

The US dollar extended gains against all of G10 currencies on Tuesday. The gains were quite limited as investors awaited several key speeches today. Draghi will speak at GMT 9 am, while across the Atlantic Poloz (BoC) will give a press conference this evening...

NZD/USD paired losses on Monday morning as 2-year inflation expectations eased to 2.02% in the fourth quarter from 2.09% in the previous one. The Kiwi lost another 0.35% against the greenback and stabilised at around $0.6680...

A quiet start to the week as investors cautiously watching President Trump every move in Asia. With tensions so high and Trump uncanny ability to trigger controversy, traders are unwilling to further build bullish positions...

Short-term consolidation. (By Yann Quelenn) • Bitcoin is now consolidating after setting-up a new all-time high for 4 consecutive days. The technical structure shows a tremendous positive...

Strong buying demand. (By Yann Quelenn) • Crude oil has surged and set up a new resistance at 56.28 (06/11/2017 high). The commodity is trading at 1-year high. Expected to...

Selling pressures are back. (By Yann Quelenn) • Silver is back below 17. Hourly support can be found at 16.60 (27/10/2017 low). Hourly resistance is given at 17.46 (13/10/2017 high...

Range-trading. (By Yann Quelenn) • Gold remains weak. The technical structure confirms a longer consolidation phase. Support lies at a distance at 1251 (08/08/2017 high...