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Pivot (invalidation): 1.0000 Our preference Long positions above 1.0000 with targets at 1.0045 & 1.0070 in extension. Alternative scenario Below 1.0000 look for further downside with 0.9985 & 0.9965 as targets...
Pivot (invalidation): 113.45 Our preference Long positions above 113.45 with targets at 114.00 & 114.20 in extension. Alternative scenario Below 113.45 look for further downside with 113.20 & 112.95 as targets...
Pivot (invalidation): 1.3160 Our preference Short positions below 1.3160 with targets at 1.3105 & 1.3070 in extension. Alternative scenario Above 1.3160 look for further upside with 1.3200 & 1.3235 as targets...
Pivot (invalidation): 1.1455 Our preference Short positions below 1.1455 with targets at 1.1405 & 1.1390 in extension. Alternative scenario Above 1.1455 look for further upside with 1.1475 & 1.1500 as targets...
China is ideally positioned, but needs improvement on US trade tensions to stage a solid recovery. We continue to position for a strong China equity bounce. China's inflation has weakened slightly to 2.4% yearly in October from 2.5% in Sept due to weaker food prices...
As US election risk fades, so does risk aversion. However, the risk rally has been weak. High beta, trade sensitive emerging market currencies INR, ZAR, TRY and CLP have seen heavy buying in the past week...
After the results of voting in the primary elections to the US Congress became known, the dollar fell in the foreign exchange market. The DXY dollar index, which tracks the US currency against a basket of 6 other major currencies, is close to 95...
EUR/USD is expected to expand further, approaching the 1.1535 range, as German industrial production continues to grow at a constant pace, 0.80% annually and 0.20% monthly in September, strongly supported by the automotive sector. Factory orders continued to progress, with a monthly rise of 0...
Reaction to the US elections was limited but expected. The Shanghai Composite was down 0.68%: Trump is free to continue his trade war. USD was lower, as combative US politics will head toward gridlock and disorder. Crude prices fell to USD 61...
We have many important events, the most important being the decline of the Republican Party in the US midterm elections, which will affect the chances of the US President to remain a strong president, so the President may not receive the necessary support to continue its economic policy Analysis...
Pivot (invalidation): 62.50 Our preference Short positions below 62.50 with targets at 61.30 & 60.70 in extension. Alternative scenario Above 62.50 look for further upside with 63.30 & 63.90 as targets...
Pivot (invalidation): 14.6200 Our preference Short positions below 14.6200 with targets at 14.4500 & 14.3600 in extension. Alternative scenario Above 14.6200 look for further upside with 14.7100 & 14.8200 as targets...
Pivot (invalidation): 1231.00 Our preference Short positions below 1231.00 with targets at 1223.00 & 1220.00 in extension. Alternative scenario Above 1231.00 look for further upside with 1233.00 & 1236.50 as targets...
Pivot (invalidation): 2721.50 Our preference Long positions above 2721.50 with targets at 2775.00 & 2798.00 in extension. Alternative scenario Below 2721.50 look for further downside with 2700.00 & 2675.00 as targets...
Pivot (invalidation): 11440.00 Our preference Long positions above 11440.00 with targets at 11570.00 & 11640.00 in extension. Alternative scenario Below 11440.00 look for further downside with 11370.00 & 11288.00 as targets...
Pivot (invalidation): 5.4000 Our preference Short positions below 5.4000 with targets at 5.2970 & 5.2450 in extension. Alternative scenario Above 5.4000 look for further upside with 5.4760 & 5.5280 as targets...
Pivot (invalidation): 0.7235 Our preference Long positions above 0.7235 with targets at 0.7290 & 0.7325 in extension. Alternative scenario Below 0.7235 look for further downside with 0.7210 & 0.7180 as targets...
Pivot (invalidation): 1.3125 Our preference Short positions below 1.3125 with targets at 1.3095 & 1.3070 in extension. Alternative scenario Above 1.3125 look for further upside with 1.3140 & 1.3155 as targets...
