Jiming Huang / Perfil

Sideways price action. • EUR/USD is trading mixed 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...

That was a surprising result in the UK, Theresa May has lost her bet and did not win a clear majority. Her plan fell apart. A few weeks ago, markets had expected a large Conservative victory...

The outcome of the UK general election was quite a surprise as the market was broadly anticipating a victory for the Conservatives. Investors had bet heavily that Theresa May would have been able to reinforce her party's support in the House of Commons...

The euro is trading mixed ahead of the ECB meeting today. The European Central Bank is expected to cut its inflation forecast for 2019. Indeed the CPI should, according to an official European report, fall to 1.5% within the next three years while growth should remain below 2...

The publication of the latest batch of economic data from Switzerland went largely unnoticed as investors await impatiently the results of the UK general election and Mario Draghi’s press conference later this afternoon. The EUR/CHF was treading water above the 1...

German Factory orders declined - surprisingly - more than expected in April at -2.1% m/m. Indeed, recent economic data was on the strong side and showed that Germany was on a strong recovery road. The Factory Orders forecast, even though negative, was way more optimistic...

The Australian dollar rose 0.64% on Wednesday amid the release of solid growth figures for the first quarter. The better-than-expected GDP figures caught investors off guard as many were expecting the Australian economy to have suffered more during the first three months of the year...

This last weekend was intense in the Middle East. Indeed, Saudi Arabia and other OPEC countries (Egypt, Bahrain and United Arab Emirates) have all cut diplomatic relations with Qatar due to the nature of its relation with terrorism...

The pound sterling edged slightly higher against the greenback on Tuesday as investors tried to switch their focus to the upcoming general election from the weekend’s terror attack...

Wide-open for further decline. • Crude oil is still collapsed after the bounce following the short-squeeze move towards $52. Support is given at a distance 43.76 (05/05/2017 low). The technical structure suggests further...

Bearish consolidation. • Silver declines. 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 at a distance at 19.00 (09/11/2017 high). Expected...

Bullish momentum is fading. • 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...

Volatility declines. • EUR/CHF is trading mixed. Yet the pair is declining towards support given at 1.0866 (18/05/2017 low). We believe that the mediumterm pattern suggests us to see continued bearish pressures towards key support that can...

Consolidating above 0.8700. • EUR/GBP's bullish momentum is fading. The technical structure had turned positive since the pair has broken resistance at 0.8530 (25/04/2017 low). Strong support can be found at 0.8304...

Strengthening. • EUR/JPY is trading higher. Hourly support is given at 122.56 (18/05/2017 low). Hourly resistance can be found at 125.82 (16/05/2017 high). Major support is given at 114.90...

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

Growing short-term bullish momentum. • USD/CAD is trading above 1.3500. The pair has exited downtrend channel. Hourly support can be found at 1.3424 (28/05/2017 low) then 1.3388 (25/01/2017 high). Expected to show continued...

Lack of follow-through. • USD/CHF is back above former support given at 0.9692 (22/05/2017 low). Strong resistance is given at 1.0107 (10/04/2017 high). Expected to show continued weakness towards hourly...

Renewed bullish pressures. • USD/JPY is trading higher towards resistance given at 112.13 (24/05/2017 high). Hourly support is given at 110.24 (18/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low...

Sideways price action. • GBP/USD is bouncing from hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show renewed bearish pressures...