Jiming Huang / Profile

As widely anticipated the Reserve Bank of Australia left the cash rate target unchanged at record low 1.50%. As usual the statement was quite balanced as Philip Lowe wants definitely to avoid fuelling further Aussie appreciation...

The GBP fall against the Euro continued today reversing last week’s marginal bullish reversal. The sterling verse the euro is now close to its historical low in trade related term. A reality that is not lost on the Bank of England...

Once again investors started the week on the back foot as geopolitical tensions escalate over the week-end. With the exception of Chinese equities, which enjoyed a smooth session on Monday, global equities slid in negative territory. The Nikkei was off 0.93%, while the broader Topix index fell 0...

Gap lower. (By Peter Rosenstreich) • Bitcoin has set a new all-time high but declined today confirming increasing selling pressures. Monitor the key support at 4480. Strong support...

Challenging the key resistance at 47.15. (By Peter Rosenstreich) • Crude oil is showing some buying interest near key support at 45.46. Strong resistance can be found at 50.41 (31/07/2017). Hourly support is...

Bulls take-out resistance at 17.75. (By Peter Rosenstreich) • Silver has broken its key resistance at 17.75 opening the way for a test of the strong resistance at 18.65 (17/04/2017 high) while...

Dominate bullish pressure. (By Peter Rosenstreich) • Gold is strengthening with a sizable bullish gap on at the open. Hourly support is given at a distance 1251 (08/08/2017 low). Stronger support...

Uptrend line holds. (By Peter Rosenstreich) • EUR/CHF uptrend is supporting the pair bullish momentum. Hourly resistance lies at 1.1538 (04/08/2017 high). Hourly support is located at...

Monitor the key support at 0.9142 (By Peter Rosenstreich) • EUR/GBP's has weakened thru uptrend but support at 0.9142 should hold. Hourly resistance lies at 0.9306 (29/07/2017 high). Hourly support is...

Rising towards the strong resistance at 0.7986. (By Peter Rosenstreich) • AUD/USD has bounced off uptrend support, opening the way for a test of strong resistance at...

Trying to bounce near the old support at 1.2414. (By Peter Rosenstreich) • USD/CAD selling pressures are back after breaking hourly support at 1.2414 (27/07/2017...

Bouncing. (By Peter Rosenstreich) • USD/CHF is trading mixed with strong volatility. Strong resistance is given at 0.9771 (15/06/2017 high). The pair is likely to head...

Preparing to challange support. (By Peter Rosenstreich) • USD/JPY further declined today confirming increasing selling pressures. The pair has failed to test resistance at 111.05 (04/08/2017 high...

Grinding higher. (By Peter Rosenstreich) • GBP/USD is recovering after its recent massive sell-off. Monitor the test of resistance at 1.2995 (01/09/2017). Hourly support is given at 1.2774...

Consolidation. . (By Peter Rosenstreich) • EURUSD is consolidating after massive bullish rally. Hourly resistance can be found at 1.2070 (29/08/2017 high) while hourly support lies at...

After a few weeks of summer lull, the coming seven days promise to be exciting thanks to a string of central bank meetings...

Investors are returning from the northern summer lull. The global economy that greets them remains strong. For the first time since 2007 the world's major economies are enjoying simultaneous growth. In real terms global trade is at a record share of GDP...

The swing in USDCHF this week has been stomach turning. The North Korean missile test reintroduced geopolitical tensions forcing FX markets to rotate back into traditional safe-haven currencies against the USD (EURCHF was basic unmoved due to the nature of the conflict...

Personal spending and income came in roughly in line with expectations, though the former printed slightly lower, suggesting that personal consumption should continue to improve in the third quarter. Moreover, June’s personal spending was revised to the upside from a flat reading to +0.2%m/m...

The U.S Energy Department has released US inventories data which shows a decline of 5.932 million barrels during the week ending August 25. It is the ninth consecutive weeks of decline and crude oil has lost 1% and is now challenging its 6-week low...