Jiming Huang / Profil

Optimism over the reelection of PM Narendra Modi business-friendly policies for a second five-year term and a rebound of manufacturing PMI at 3-months high have given INR a big push in the past few days...

EURCHF dropped sharply to 1.11197 low, breaking below key technical support levels. Trades will have to go back to 2017 to find new levels. With political risk premia rising in Europe, participants are rotating into the closest safe-haven trade...

Pivot (invalidation): 54.00 Our preference Short positions below 54.00 with targets at 52.10 & 51.60 in extension. Alternative scenario Above 54.00 look for further upside with 54.70 & 55.60 as targets...

Pivot (invalidation): 14.5500 Our preference Long positions above 14.5500 with targets at 14.7300 & 14.8100 in extension. Alternative scenario Below 14.5500 look for further downside with 14.4700 & 14.4200 as targets...

Pivot (invalidation): 1303.00 Our preference Long positions above 1303.00 with targets at 1318.00 & 1324.50 in extension. Alternative scenario Below 1303.00 look for further downside with 1299.00 & 1295.50 as targets...

Pivot (invalidation): 2768.25 Our preference Short positions below 2768.25 with targets at 2735.75 & 2723.50 in extension. Alternative scenario Above 2768.25 look for further upside with 2781.65 & 2801.00 as targets...

Pivot (invalidation): 11800.00 Our preference Short positions below 11800.00 with targets at 11590.00 & 11520.00 in extension. Alternative scenario Above 11800.00 look for further upside with 11860.00 & 11920.00 as targets...

Pivot (invalidation): 5.8750 Our preference Short positions below 5.8750 with targets at 5.8190 & 5.8000 in extension. Alternative scenario Above 5.8750 look for further upside with 5.9200 & 5.9600 as targets...

Pivot (invalidation): 0.6925 Our preference Long positions above 0.6925 with targets at 0.6970 & 0.7000 in extension. Alternative scenario Below 0.6925 look for further downside with 0.6900 & 0.6880 as targets...

Pivot (invalidation): 1.3525 Our preference Short positions below 1.3525 with targets at 1.3480 & 1.3455 in extension. Alternative scenario Above 1.3525 look for further upside with 1.3545 & 1.3565 as targets...

Pivot (invalidation): 1.0000 Our preference Short positions below 1.0000 with targets at 0.9965 & 0.9940 in extension. Alternative scenario Above 1.0000 look for further upside with 1.0020 & 1.0040 as targets...

Pivot (invalidation): 108.45 Our preference Short positions below 108.45 with targets at 108.05 & 107.75 in extension. Alternative scenario Above 108.45 look for further upside with 108.70 & 108.90 as targets...

Pivot (invalidation): 1.2620 Our preference Long positions above 1.2620 with targets at 1.2675 & 1.2700 in extension. Alternative scenario Below 1.2620 look for further downside with 1.2600 & 1.2580 as targets...

Pivot (invalidation): 1.1165 Our preference Long positions above 1.1165 with targets at 1.1200 & 1.1215 in extension. Alternative scenario Below 1.1165 look for further downside with 1.1150 & 1.1135 as targets...

In September 2018 President Trump put a 10% tax on a long list of imports from China. In May 2019 the tax was raised to 25%. The list of items runs to 194 pages. Reading through it is a slightly weird experience...

Japan has the longest period of growth in post-war history. From June the US will have the longest period of growth in post-war history. Global unemployment is around a forty-year low. This hints that the economic cycle is quite old. Economic growth does not die of old age...

The resumption of trade war headlines has pushed JPY into demand, as optimism over a potential recovery of world economies along 2H 2019 is mitigated...

n the G10 yields are falling. In the U.S, there have been periods were inverted yields curves have not to lead to an economic recession. However, never has a recession transpired without an inverted yield curve...

Pivot (invalidation): 57.10 Our preference Short positions below 57.10 with targets at 55.00 & 54.05 in extension. Alternative scenario Above 57.10 look for further upside with 57.85 & 58.15 as targets...

Pivot (invalidation): 14.4300 Our preference Long positions above 14.4300 with targets at 14.5700 & 14.6300 in extension. Alternative scenario Below 14.4300 look for further downside with 14.3500 & 14.2800 as targets...