Jiming Huang / Profile

Ready to target 1.3000. • GBP/USD keeps pushing higher. Resistance at 1.2905 (18/04/2017 low) has been broken. The pair has exited the short-term bearish momentum. Hourly support can be found at...

Consolidating. • EUR/USD is trading sideways. Hourly support is given at 1.0852 (27/04/2017 low) then 1.0682 (21/04/2017 base). Stronger support can be found at 1.0494 (22/02/2017 low). Hourly...

Alan Greenspan has recently stated that gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments and central banks...

The first 100 days of the Trump administration has been a particularly exciting time for financial markets, primarily because many of Wall Street’s assumptions about how markets would react to the Republican’s purportedly pro-growth policies were way off base...

Today's European Central Bank meeting is in the middle of the French Presidential election and the European institution certainly welcomed Emmanuel Macron's victory in the first round as there were certainly fears of a second round pitting Jean-Luc Mélenchon against Marine Le Pen...

The euphoria that surrounded President Trump's tax plan announcement did not last long as, surprisingly, he failed to provide concrete policy details. After starting the day on the front foot, the US stock market reversed gains and pushed most indices into negative territory...

We are heading towards a structural shift that will profoundly change drivers in the FX market. However, we remain six months away from that reflection point...

While the French Presidential elections are still taking the major attention from markets, central banks are also coming back. The Turkish Central Bank will likely announce early this afternoon that it will maintain its stance on the rates...

The Australian dollar tumbled another 0.50% this morning amid disappointing first quarter inflation data. This report was the straw that broke the camel’s back as investors have been betting heavily on a pick-up in inflation that would have forced the RBA to revise its dovish stance...

The most interesting result of the French election vote was the collapse of volatility indicators globally. The VIX index declined -19% from 15.30 while EURUSD one-month implied volatility fell to 8.20 from 13.45. The JP Morgan G7 volatility index fell to 8...

On Tuesday, financial markets continued to digest the result of the first round of the French election but the focus is slowly shifting towards the US as Trump announced he will unveil his “phenomenal” tax reform and put it protectionist trade policy back on the drawing board...

US President Donald Trump had been talking about placing tariffs on Canadian timber and dairy forever; however no announcement (if any) was expected until next week. But overnight Trump unexpectedly imposed a tariff of up to 24% on Canadian wood exports...

Financial markets feared a second round between Jean-Luc Mélenchon and Marine Le Pen who was likely to trigger some volatility. Marine Le Pen’s final result below 22% is disappointing as she was expected in various polls to reach between 27% and 30...

Financial markets across the planet welcomed the result of the first round of the French election, with the qualification of Le Pen and Macron for the second round. European equities rallied massively this morning with the CAC 40 jumping 3.40...

Ready for further downside. • Crude oil has declined sharply, breaking the support at 50.71, yet now has paused. Support now lies at 49.63 (08/12/2017 low). Resistance for a short-term bounce can be found at 50.71 (old...

Weakening. • Silver has broken strong support at 18.16 (rising trendline) indicating further downside risk. Hourly support is given at 17.65 (intraday low) then 16.82 (15/03/2017 low). Strong resistance is...

Bearish consolidation. • Gold has faded near the hourly resistance at 1295 (18/04/2017 high), suggesting a pickup in selling pressures. Support can be located at 1265 (intraday low...

Bouncing higher very sharply. • EUR/CHF has exited the downtrend channel. However, despite the bullish breakout, the medium-term pattern suggests us to see continued bearish pressures towards key support...

Moving sideways. • EUR/GBP is now pausing after unsuccessfully challenged its key support at 0.8304. Resistances for a temporary rebound are given by 0.8500 (intraday high) and 0.8512...

Consolidating after short-term increase. • EUR/JPY has broken the resistance at 117.43 (23/11/2016 low). Other resistance stands at 122.88 (13/03/0217 high). Major support is given at 114.90 (18/04/2017low...