Jiming Huang / Profil

Emerging markets currencies tumbled on Thursday amid a sharp correction in commodity prices and mounting expectations of a June Fed rate hike. The West Texas Intermediate hit $47.31 a barrel this morning while its counterpart from the North Sea fell to $50.26 amid supply glut worries...

The USD extended gains against most of its peers ahead of today’s FOMC meeting and ADP job report. The New Zealand dollar was among the few that was able to resist against the increasing demand for the greenback. NZD/USD rose to 0.6969 this morning amid a solid job report...

The FOMC meeting is clearly the key FX event of the day. The market is not pricing a rate hike, the likelihood of which is estimated at below 15%. Markets already feel more confident for a rate hike at the next meeting in June and today’s meeting is unlikely to change anything...

After the ECB last week, we have a very loaded week in terms of Central Banks. The Fed, RBA, Norges Bank will decide about their rates. Investors are now expecting the Fed to show some hints regarding its tightening path. For the time being, US financial markets are clearly driven by Trump...

The market continues to make speculative negative bets on the eventual effect of Brexit on the UK economy. We remain optimistic based on Europe and UK mutual beneficial relationships that the end-result will be significantly less severs then a “hard” Brexit...

Consolidating below 50. • Crude oil is trading mixed, breaking the support at 50.71, yet now has paused. Support now lies at 48.87 (25/04/2017 low). Resistance for a short-term bounce can be found at 50.71 (old...

Continued weakness. • Silver has broken strong support at 18.16 (rising trendline) indicating further downside risk. Strong support is given far away at 16.82 (15/03/2017 low). Strong resistance is given at a...

Moving sideways. • Gold is consolidating around 1265 after the yellow metal has faded near the hourly resistance at 1295 (18/04/2017 high). Support can be located at 1261 (intraday low). The road is...

Bouncing on and off. • EUR/CHF is back lower. Despite the sharp increase and the recent bullish breakout which is very likely psychological, we believe that the medium-term pattern suggests us to see at...

Selling pressures. • EUR/GBP keeps on pushing lower. The technical structure is negative as long as the resistance at 0.8596 holds. Expected to show continued weakness until resistance given at...

Stalling below 120.00. • EUR/JPY's buying pressures are there. Key resistance area is given around 122.00 and stronger resistance stands at 123.31 (27/01/0217 high). Major support is given at 114.90...

Ready for another leg higher. • AUD/USD is consolidating after the break of support at 0.7473 (12/04/2017 low). As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical...

Strong buying pressures. • USD/CAD has broken key resistance given at 1.3599 (28/12/206 high). The pair keeps on pushing higher. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017...

Growing demand. • USD/CHF has ended its consolidation above 0.9900. The volatility is getting higher. The shortterm technical structure is turning positive as long as prices remain below the hourly resistance at 1.0171 (07/03/2017). Monitor strong...

Testing 112.20. • USD/JPY is consolidating. Strong resistance can be found at 112.20 (31/03/2017 high). Closest support can be located at 108.13 (17/04/2017 low). Other key supports lie at a...

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...