Jiming Huang / Profile

he Helvetic currency has lost two figures since the start of the week going from 1.16CHF to 1.14CHF. Some Swiss economic indicators came in better. The UBS Consumption indicator has risen in August from 1.38 to 1.53...

While the German elections (still a non-issue) continues to dominate Europe conversation, events in Spain are about to heat up. Where this story takes markets, confounds and worries this strategy desk. The Catalonia referendum on Independence is plan to take place on Sunday 1st October...

The sentiment seems to be back to bullish. Gold keeps on declining and is now below $1300. North Korea tensions are still there but markets seems not to worry much on a possible escalation. The dollar has been recently strengthened after weakening since the start of the year...

The primary headline of Angela Merkel winning a historic 4th term is the one that will likely drive market activity...

Next week starts on Sunday, at least for German voters, who are asked to cast their vote in the federal election. Opinion polls point firmly to Angela Merkel retaining the chancellery, to which CIO attaches a 90 percent likelihood. CIO expects the short-term market reaction to be somewhat muted...

Crypto-currencies like Bitcoin fail two key tests of what makes a currency a currency, Global chief economist Paul Donovan argues in the new 'Thought of the Week'. No currency has a natural value. The fact that Bitcoin is just computer code doesn't matter...

The EURCHF pair has reached its highest level since the floor was abandoned in January 2015. The pair has even reached 1.1620 CHF for one euro coin. The bullish move is mostly due because of the anticipation of the asset purchase program being reduced by the ECB in October...

Chinese equities ended lower for the second day in a row after Standard & Poor’s stripped China of AA- rating. The Shanghai Composite fell as much as 0...

During the night, the Bank of Japan has announced its rate remain on hold. It is certain that the Bank of Japan was also closely looking towards the Fed which had its meeting yesterday night...

As widely expected, the FOMC finally triggered the process to reduce the size of its $4.5tn balance sheet...

he big news event on 20 September will be the report of the US Federal Reserve’s Open Market Committee – we believe the central bank will finally announce plans to start selling its massive holding of bonds. This is likely to begin in October. Meanwhile, the Fed is unlikely to move interest rates...

Risk appetite started strong in Asia, but weaken as Europe walked through the door. Volatility in USDHKD continue to surges as HKMA withdrew excess liquidity from the banking system by offering additional $HK40bn of exchanges bills...

Today has been released the current account of the balance of payments for July which is a good metric to measure any change in regards to the ECB monetary policy. It helps us to measure any potential capital inflow or outflow...

After soaring continuously for the last 10 days in anticipation of this week FOMC meeting, US rates are taking a breather. The monetary policy sensitive 2-year yield rose more than 12bps since September 8th and stabilised slightly below 1.40% on Tuesday morning...

The Central Bank of Russia will decide about its key rate today. There is a significant likelihood that the central bank lower its key rate to 8.5%. In July, the CBR decided to remain on hold, markets expectations for a rate cut are now strong...

he US dollar got a fresh boost yesterday after the release of better-than-expected inflation report. The headline CPI gained 1.9%y/y, against median forecast of 1.8%, up from 1.7% in July. The core gauge also beat expectations of 1.6% by rising 1.7%y/y...

Crashing. (By Yann Quelenn ) • Bitcoin is taking a dive after strong interest over the summer. Support lies at 3599 (22/08/2017 low) has been broken. Key...

Surging again. (By Yann Quelenn ) • Crude oil has strongly declined after the commodity monitored the $50 level. Key support is given at 45.40 (17/08/2017 high). Strong...

Continued bearish consolidation. (By Yann Quelenn ) • Silver has failed to reach strong resistance at 18.65 (17/04/2017 high) while support can be found at 16.58 (15/08/2017 high...

Timid rebound. (By Yann Quelenn ) • Gold is trading mixed within uptrend channel. Hourly support is given at a distance 1319 (intradayy low). Hourly resistance is located at...