Jiming Huang / Profile

Consolidating. • EUR/USD is consolidating below strong resistance given at 1.1300 (09/11/2017 high). Hourly support is given at 1.1110 (22/05/2017 low) has been broken. Stronger support lies at...

The four major parties appear to broadly agree on electoral and parliamentary rules. The new system would favor broad coalitions and reduce the chances of an anti-establishment victory...

The general tone of preliminary releases was that economies worldwide are doing great, almost without exception, and that Europe is outperforming the US. This latter trend will highlight the discussion at one of the two main upcoming events, the European Central Bank (ECB) meeting on Thursday...

President Trump's decision to walk away from the Paris Climate Accord is likely to result in additional oil production. This is not supportive of oil since recent reports indicate that OPEC nations - that are exempt for production cuts - have started to increase production...

The market is looking for a solid May job report, especially after ADP’s upside surprise. According to data collected by the ADP Research Institute, US companies added 253k jobs in May, well above estimates of 180k, while the previous month’s reading was upwardly revised to 174k...

In an effort to stabilize the ruble, Russia is looking to expand its Foreign-Exchange reserves (including Gold). Today, Russia will disclose this amount for the period ending 26 of May...

The data from the US continues to provide evidence that economic activity is improving from a soft 1Q. The ADP labor report and initial claims (180k and 238k respectively) are expected to indicate that labor markets remain strong and suggests a solid payroll read on Friday...

The pound is now suffering a one-month low against the greenback after the pair hit $1.30 for the first time in nine months. Traders and investors are monitoring the UK election as it looks like that the Conservatives lead is getting smaller...

The latest batch of data from the world’s largest economy failed to impress, suggesting that investors continue to discount President Trump’s reflation trade. The Fed’s favourite gauge of inflation, the core personal expenditure, slid to its lowest level since 2015 as it printed at 1...

ECB Governor Mario Draghi remains convinced that the Eurozone needs an extra support stemming from current monetary policy...

The US dollar rose across the board on Tuesday after a day off for US and UK investors. The Japanese yen was the only G10 currency that was able to keep its head above the water, thanks to solid April’s retail sales data (3.2%y/y versus 2.3% median forecast...

The ECB 8th June meeting has become a critical event. With EU economic data continuing to outperform and French legislative elections further removing political risk, the ECB has additional freedom to adjust policy...

The FOMC meeting minutes that released last week has cemented expectations for a rate hike 14th June. While second estimate for 1Q GDP growth came in higher at 1.2%, the number remains subdued...

Strong volatility. • Crude oil has collapsed after the bounce on short-squeeze move. Support is given at a distance 43.76 (05/05/2017 low). Demand was very strong and the road is wide-open for further...

Pausing around 50% Fibonacci retracement. • Silver increases. Strong support is given at 15.63 (20/12/2017 low). Closest support is given at 16.20 (04/05/2017 low). Key resistance is given...

Riding uptrend channel. • Gold is pushing higher within uptrend channel. Hourly support is located at 1246 (18/05/2017 low). Stronger support is given at 1195 (10/03/2017 low). Expected to show further...

Continued decline. • EUR/CHF is trading lower. We believe that the medium-term pattern suggests us to see continued bearish pressures towards key support that can be found at 1.0623 (24/06/2016 low...

Growing demand. • EUR/GBP is strengthening despite ongoing bearish consolidation. The technical structure has turned positive since the pair has broken resistance at 0.8530 (25/04/2017 low). Strong...

Pausing above 124.00. • EUR/JPY is trading slightly lower. Hourly support is given at 122.56 (18/05/2017 low). Major support is given at 114.90 (18/04/2017low). Expected to see further renewed buying...

Renewed bearish pressures. • AUD/USD is pushing lower. Hourly support is given at 0.7329 (09/05/2017 low). As long as prices remain below the resistance at 0.7608 (17/04/2017 high), there are strong downside...