NZD/USD – Double Top Complete!
Double Top pattern nabs 100pips! NZD/USD downward momentum to slow down Mnuchin and Powell testify at 2200 (SGT) The Reserve…
NZD/USD – A Potential Reversal
RBNZ may cut interest rate below zero early next year Double Top pattern forming in progress Monetary policy ahead Earlier…
Gim Hong: The Ayes Have It!
Internal Market Bill clears first round of Parliamentary vote Growing rebellion within the Conservative Party Further downside of GBP/USD (D1)…
Gim Hong: GBP/USD – The End Of A Rally
Tension rises in trade talks No-deal Brexit is back on the table Positive U.S. economic outlook adding downward pressure on…
Gim Hong: Fed’s New Approach to Inflation
During the Jackson Hole Symposium yesterday, Federal Reserve Chairman Jerome Powell announced the adoption of Average inflation Targeting (AIT), a…
Gim Hong: U.S. Nonfarm Payrolls: Still A Long Road To Recovery
The U.S. job market performed well for the month of July, exceeding analysts’ expectation. 1.763 million jobs were added while…
Gim Hong: Post-BoE Interest Rate Decision (August 2020)
The Bank of England ended their monetary policy meeting yesterday with members of the Monetary Policy Committee (MPC) voting unanimously…
Gim Hong: Pre-FOMC Interest Rate Decision (July 2020)
Yesterday, the Federal Reserve made an unscheduled announcement on the extension of its lending programs through 31 December which were…
Gim Hong: USD/JPY – On A Freefall
USD/JPY plunged on U.S.-China political tension Enhanced employment benefit expires More downside for USD/JPY Last Wednesday, we spotted a triple…
Gim Hong: NZD/USD – Off To A New High!
NZD/USD challenges high of the year Ascending triangle breakout Since the start of 2020, the New Zealand dollar has been…