Jiming Huang / Profil

Holding above 60. (Yann Quelenn) • Crude oil is has broken resistance given at 59.05 (24/12/2017 high). Strong support is given at 55.82 (07/12/2017 low). Expected to keep...

Continued increase. (Yann Quelenn) • Silver has been bouncing on hourly support at 16.99 (04/01/2018 low). Hourly resistance is given at 17.46 (16/10/2017 high). Expected to show...

Bullish momentum continues. (Yann Quelenn) • Gold is pushing higher after the strong collapse even though traders are taking some profit. Hourly support is given at 1236...

Slow increase. (Yann Quelenn) • EUR/CHF is trading slightly higher. Hourly resistance is given at 1.1778 (25/12/2017 high). Expected to show continued short-term increase...

Sideways price action. (Yann Quelenn) • EUR/GBP is trading mixed. The pair is trading between support at 0.8689 (08/12/2017 low) and resistance is located at 0.9046 (14/09/2017 high...

Riding higher. (Yann Quelenn) • AUD/USD's upside pressures are growing. Hourly resistance given at a distance at 0.7897 (13/10/2017 high). Support stands at 0.7638...

Continued decline. (Yann Quelenn) • USD/CAD is skewed to the downside after the pair failed to break hourly resistance at 1.2917 (27/10/2017 high). The pair keeps on heading...

Short-squeeze. (Yann Quelenn) • USD/CHF is trading slightly higher. Yet, the technical structure indicates that further weakness are possible. Expected to show further...

Pushing higher. (Yann Quelenn) • USD/JPY's buying demand is increasing and the pair is approaching hourly resistance given at 113.75 (12/12/2017 high) while hourly support is...

Ready for another leg higher. (Yann Quelenn) • GBP/USD's buying pressures are still lively. The pair has exited downtrend short-term channel. The technical structure indicates further...

Trading around 1.2000. (Yann Quelenn) • EUR/USD is now trading around 1.20. The pair lies in a bullish short-term momentum. Strong resistance is given at 1.2092 (08/09/2017 high...

UBS believes that cryptocurrencies meet most of the characteristics of a bubble. The one characteristic that is missing so far is that bubbles burst. Cryptocurrencies will no doubt meet that characteristic in time. It is unwise to directly bet against a bubble, however...

Who won yesterday’s election – the Catalexit crowd or the Remain-in-Spain supporters? It’s not clear! Both sides are claiming victory, and the parliament is split. Separatist parties took 70 of the 135 seats, but the pro-Spain Citizens Party won the most seats, 36...

It’s retracement time for Bitcoin: investors are taking profits, pushing the price back to around $13,000. For cryptocurrencies this is normal, i.e. boom and bust. We do not see this as a bubble bursting – it is a healthy correction...

The Swiss watch industry’s exports of traditional watches rose 5.8% to CHF 1.98 billion. Not only is this a boost to sector with six years of sales declines, but a hopeful sign for 2018. Exports to China increased a whopping 39...

As expected, the Bank of Japan kept rates unchanged at -0.1%, and the 10-year bond target stayed at 0%. BoJ officials expressed their confidence that the inflation will rise toward its target of 2%. The BoJ were also happy about the Q3 economic growth of an annualised 2.5...

The greenback continued to weaken for three straight sessions, as traders rotated into EUR and emerging market currencies. The Trump tax cut’s positive effect on equites is beginning to fade...

The total holdings of the Bank of Japan’s is now standing at all-time high. The Japanese quantitative easing has sent the level of debt very high because of the massive quantitative easing over the past decade. It has been a while that the sustainability of such a debt level is being questioned...

With a warning from US Federal Reserve banker Neel Kashkari that increasing interest could trigger a recession, dollar doves are alive and vocal. We believe they will prevail enough to block some additional hikes...

Global markets are celebrating US tax reform. Asian stocks followed the record session on Wall Street. This bull market keeps running past forecasts, and profit-taking to lock in a solid year is not happening. The World Bank increased its forecast for China’s economic growth in 2017 to 6...