Jiming Huang / Profil

Today we get US labor ADP data ahead of the NFP report on Friday. Bloomberg Survey indicates new jobs creation for October of 200k compared to the prior September read of 135k. The overall sentiment is positive and it has been 7 years that the data print positive...

Switzerland Manufacturing PMI came in at 62.0 from 61.7 and 0.7 higher than expectations. This continued a strong trend of economic improvement in manufacturing reaching the highest level since 2011. Last week Kof leading indicators jumped to 109.1 from 105.8...

As was widely expected the BoJ held its policy strategy unchanged. The vote was 8-1 with the lone dissenter (policy board member Goushi Kataoka) voting for additional easing measures such as examining 10 year 0.0% and 15 year 0.20% yield targets...

The Swiss National Bank published interim results for the first three quarters of the year. After mixed mid-year results - the SNB reported an interim profit of CHF 1.2 billion - the last update brought the smile back to the SNB and all Swiss cantons...

The WTI crude oil price has broken its resistance area around 53$. The commodity is now trading above $54. This increase appears after the World Bank, in its last report, is predicting an increase in price for 2018. The World Bank target is $56 for next year...

After hitting 1.1711 against the Swiss franc, its highest level since the SNB removed the 1.20 floor, EUR/CHF started to reverse gains in the wake of last Thursday’s ECB meeting...

Monitoring all-time high. (By Yann Quelenn ) • Bitcoin remains weak as long as prices remains below the key resistance at 6063. Strong support stands very far at 2975 (22/08/2017 low). However...

Pushing towards key resistance. (By Yann Quelenn ) • Crude oil is consolidating within range defined by support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show...

Continued decline. (By Yann Quelenn ) • Silver is again grinding lower. Hourly support can be founds at 16.88. Hourly resistance is given at 17.46 (13/10/2017 high). Additional support...

Riding lower. (By Yann Quelenn ) • Gold remains weak. The technical structure confirms an underlying bearish trend. Strong support lies at a distance at 1204 (10/07/2017...

Back within former uptrend channel. (By Yann Quelenn ) • EUR/CHF is back within former uptrend channel. Support is given at 1.1610 (intraday low). Rising channel suggests further bullish...

Monitoring support area. (By Yann Quelenn ) • EUR/GBP is showing increasing short-term buying interest near the weak support at 0.8899 (19/09/2017 low). However, as long as prices are...

Continued weakness (By Yann Quelenn ) • AUD/USD has weakened. The pair has broken support at 0.7733 (06/10/2017 low) Hourly resistance is given at 0.7897 (13/10/2017 high...

Surging. (By Yann Quelenn ) • USD/CAD has broken resistance at 1.2778 (15/08/2017 high). This suggests an extension of bullish momentum. Hourly support lies at 1.2331...

Bullish breakout. (By Yann Quelenn ) • USD/CHF is clearly in a strong bullish momentum. The technical structure suggests an improving short-term buying interest. Expected...

Heading higher. (By Yann Quelenn ) • USD/JPY has bounced back lower after reaching after setting a new hourly resistance at 114.24 (25/10/2017 high). Next key resistance can...

Pushing lower. (By Yann Quelenn ) • GBP/USD has successfully broken support at 1.3088 (12/10/2017 low). Resistance lies at (1.3229 reaction high) bouncing towards 1.3027...

Sharp decline. (By Yann Quelenn) • EUR/USD has broken support at 1.1725 (23/10/20107 low) which has triggered bearish extension to strong support given at a distance...

As expected, on 26 October the European Central Bank announced a further reduction in the pace of its monthly bond purchases to EUR 30bn from EUR 60bn and extended the program by nine months. In reaction, the Euro Stoxx 600 gained 1.1%, while the euro fell 1.4% versus the USD...

Sentiment data dominates the week ahead, with Monday seeing the release of Switzerland's KOF Indicator. Brussels will release Eurozone business climate data the same day. From Tuesday through Friday, we'll see a raft of PMI data from around the globe...