Jiming Huang / Profile

Riding downtrend channel. (Yann Quelenn) • USD/JPY's bearish momentum continues. Yet, the pair is monitoring resistance implied by the upper bound of the downtrend channel. Hourly...

Monitoring medium-term uptrend. (Yann Quelenn) • GBP/USD still lies within a bullish trend despite ongoing consolidation. Hourly resistance is given at 1.3267 (03/08/2017 high). Hourly support is...

Profit-taking. (Yann Quelenn) • EUR/USD bullish pressures are still on despite ongoing consolidation. The pair has reached 1.1910 (02/08/2017 high). Hourly support can be...

That was not a surprise yesterday, the BoE held rates unchanged at 0.25% and the asset purchase target will be kept at £435 billion. 10 billion of corporate bonds will also be purchased but this does not change from what was previously decided...

Yesterday I argued that the dollar may have reached a bottom and that further weakness is not justified...

Early this afternoon, the BoE will announce its key rate that should remain unchanged at 0.25%. Markets estimate that rates should only increase by early 2018. For the time being, the British Central Bank is largely enjoying a weak pound in the wake of the Brexit vote...

This is no news that the US dollar has had a tough year so far but the question is whether further USD weakness is sustainable. On a trade weighted basis, the greenback fell more than 8.5% since the beginning of the year...

Today we get US labor ADP data ahead of the NFP report on Friday. Bloomberg Survey indicates new jobs creation for July of 190k compared to the prior June read of 158k. The overall sentiment is positive and it has been 7 years that the data print positive...

The New Zealand extended losses on Wednesday amid the release of disappointing data from the job market. After grinding lower yesterday, NZD/USD fell another 0.55% to 0.7425, its lowest level of the past five days. Despite the fact that the second-quarter unemployment rate matched estimate of 4...

Tomorrow morning, the Reserve Bank of Australia’s cash rate is set to remain on hold at 1.5% despite the Aussie is on a bullish trend since mid-May. The Aussie can be traded at almost $0.80. It is worth noting that the Australian currency has gained more than 11% this year...

The Swiss National Bank reported a profit of CHF 1.2 billion for the first half of 2017, compared to CHF 7.9 billion for the first quarter. The sharp appreciation of the Swiss franc against most of its peers, mostly the US dollar, ate up the profits from shares and bonds investments...

Sideways price action. (Yann Quelenn ) • Bitcoin's volatility has declined. Strong resistance can be found at 3000 (12/06/2017 high) and hourly support lies at 2403 (26/07/2017...

Monitoring resistance at 50.28. (Yann Quelenn ) • Crude oil is trading higher Hourly support is given at 45.40 (24/07/2017 low). Strong resistance can be fouind at 50.28 (29/05/2017...

Riding bullish channel. (Yann Quelenn ) • Silver is pushing higher after the bounce from hourly support given at 15.18 (10/07/2017 low). Key resistance is given at a distance at 17.75...

Riding uptrend channel. (Yann Quelenn ) • Gold continues to grow. Strong support is given at 1204 10/07/2017 high). Hourly resistance is given at 1271 (31/07/2017 high). Expected to...

Consolidating around 1.14. (Yann Quelenn ) • EUR/CHF's buying pressures are very important and is trading below 1.14. Hourly support is located at a distance at 1.0984...

Selling pressures are weak. (Yann Quelenn ) • EUR/GBP is trading around its highest levels of the year. The pair is consolidating. Hourly support is given at a distance at 0.8742...

Stalling below 0.8000. (Yann Quelenn ) • AUD/USD's technical structure has finally not reversed. Hourly resistance is now given at 0.8066 (27/07/2017 high). Hourly support given at...

Consolidating below 1.2400. (Yann Quelenn ) • USD/CAD's bearish momentum is showing ending signals. The pair remains nonetheless in a strong bearish momentum. Hourly resistance is...

Consolidating before a likely another leg higher. (Yann Quelenn ) • USD/CHF is pausing. Hourly support can be found at 0.9439 (21/07/2017 high). Strong...