Jiming Huang / Profil

Its widely expected that the FOMC will hold policy steady and signal that the next likely interest rate hike will come in March. Therefore, the focus will be on the language around the meeting...

Friday’s Preliminary 4Q 2017 US Gross Domestic Product publication is deceiving and lies below expectations at 2.60% (consensus: 3.0%; real GDP at 2.30% and +1.50% in 2016) while December core PCE Y/Y stands at 1.50% (3Q: 1.35%), signaling a relatively weak performance, lower than 3Q GDP of 3.20...

After recovering during the weekend, the price of Bitcoin has reversed momentum since Monday, sliding 6.10% from $11,770 to $11,040. Following early January dell-off – and just like Bitcoin - the entire crypto-market has been trading sideways since mid-January...

This week comments by the US administration in Davos have weakened the USD, and remarks made by Mario Draghi at the European Central Bank press conference strengthened the euro...

Recently providing December 2017 CPI Y/Y at 3.0% (on line with expectations), December Retail Price Index at 278.1 (consensus: 277.6), December PPI at 0.4% (consensus: 0.2%) and November Unemployment Rate at 4...

EUR/USD took a roller coaster ride over the last 24 hours as US Treasury Secretary Mnuchin and President Trump made opposite comments about the greenback, while the ECB was holding its first press conference of the year...

Upside move. (By Peter Rosenstreich ) • Bitcoin is heading upward. Hourly support is at 9'185 (17/01/2018 low). In the short-term, the technical structure suggests further increase...

Monday’s fruitless negotiations between the United States and its Canadian – Mexican counterparts has brought many uncertainties to the question if the trilateral “American” arrangement might hold...

With all the noise created by Trump’s visit in Davos, the first ECB meeting of the year will almost go unnoticed. The single currency printed another multi-year high earlier this morning as EUR/USD reached 1.2459 before consolidating at around 1.2415...

Flattening. (By Peter Rosenstreich ) • Bitcoin is trading mixed. Hourly support is at 9'185 (17/01/2018 low). In the short-term, the technical structure suggests a continued bearish...

Receiving international loans since 2010 and more recently through the EU 2015 bailout (EUR 40.2 billion distributed out of EUR 86 billion made available) and on the verge of receiving additional EU financial assistance of EUR 6...

Since the beginning of the week, the US dollar has consolidated losses against most of its peers. However, it seems that this period of is over as investors have started to sell the greenback once again. On Wednesday, the yen rally resumed with USD/JPY breaking the 110 support to the downside...

Following President Zumas’ reelection in 2014, his recent rejection by the ruling party African National Congress (ANC) and his 783 related charges upheld by the South African Supreme Court of Appeal, investors have become optimistic, thus reinforcing the South African Rand (ZAR) and equity marke...

We remain optimistic on China, with an above-consensus GDP forecast. This is based on global economics and China’s ability to harvest demand. Domestically, China is unbalanced but on a global basis it is diversified (its New Silk Road strategy is on mark...

A midterm-spread in US-Bunds and US-Europe yields suggests a correction in EUR/USD is likely. This, after the minutes of the last European Central Bank monetary policy meeting triggered an extension of EUR/USD rally to current 1.22 highs...

Slow increase. (By Peter Rosenstreich ) • Bitcoin is confirming further recovery after 17/01/2018 collapse. Hourly support is located at 10'775 (22/12/2017 low). In the short-term, the...

Monday promises to be stormy in the Senate. The long and arduous negotiations between Republicans and Democrats on Friday have ended to a zero point with regard to the Government budget validation...

The Bank of Japan will keep its policy unchanged for now. Positive price momentum gives the BoJ coverage to keep policy unchanged, despite speculation of premature normalization. However, the BoJ is clearly running out of time, and the market know this...

The S&P’s intraday move of 1.41% was the largest since early December and the fifth biggest since December 2016. The euro also retreated by 1.1% against the dollar from an intra-day high of 1...

This year started with some attention-grabbing exchange rate moves. Markets will now be looking to the central banks for their reaction. CIO will be watching the ECB and BoJ press conferences and policy decisions closely...