Jiming Huang / Profil

Pivot (invalidation): 105.90 Our preference Short positions below 105.90 with targets at 105.65 & 105.55 in extension. Alternative scenario Above 105.90 look for further upside with 106.05 & 106.20 as targets...

Pivot (invalidation): 1.3100 Our preference Short positions below 1.3100 with targets at 1.3070 & 1.3055 in extension. Alternative scenario Above 1.3100 look for further upside with 1.3120 & 1.3145 as targets...

Pivot (invalidation): 1.1810 Our preference Short positions below 1.1810 with targets at 1.1775 & 1.1755 in extension. Alternative scenario Above 1.1810 look for further upside with 1.1830 & 1.1850 as targets...

The US dollar remains vulnerable as the 10-year treasury yield declines to 0.65%. Inflation in Japan hit a four-month high of 0.3% m-o-m in July, mainly due to a rise in food prices, though the core inflation remained flat at 0% y-o-y...

US equity indices edged higher, as Nasdaq (+1.06%) rallied to a new record on Thursday, on concerns that the Covid-19 environment would last longer and maintain the strong demand in tech and online services...

Pivot (invalidation): 42.60 Our preference Long positions above 42.60 with targets at 43.05 & 43.30 in extension. Alternative scenario Below 42.60 look for further downside with 42.40 & 42.25 as targets...

Pivot (invalidation): 26.9700 Our preference Long positions above 26.9700 with targets at 27.6700 & 28.1500 in extension. Alternative scenario Below 26.9700 look for further downside with 26.7000 & 26.3000 as targets...

Pivot (invalidation): 1936.00 Our preference Long positions above 1936.00 with targets at 1955.00 & 1965.50 in extension. Alternative scenario Below 1936.00 look for further downside with 1924.00 & 1912.50 as targets...

Pivot (invalidation): 3374.50 Our preference Long positions above 3374.50 with targets at 3399.00 & 3413.00 in extension. Alternative scenario Below 3374.50 look for further downside with 3363.25 & 3355.00 as targets...

Pivot (invalidation): 12980.00 Our preference Short positions below 12980.00 with targets at 12720.00 & 12650.00 in extension. Alternative scenario Above 12980.00 look for further upside with 13050.00 & 13100.00 as targets...

Pivot (invalidation): 7.3490 Our preference Short positions below 7.3490 with targets at 7.2520 & 7.2250 in extension. Alternative scenario Above 7.3490 look for further upside with 7.3800 & 7.4000 as targets...

Pivot (invalidation): 0.7175 Our preference Long positions above 0.7175 with targets at 0.7220 & 0.7240 in extension. Alternative scenario Below 0.7175 look for further downside with 0.7150 & 0.7130 as targets...

Pivot (invalidation): 1.3195 Our preference Short positions below 1.3195 with targets at 1.3155 & 1.3130 in extension. Alternative scenario Above 1.3195 look for further upside with 1.3215 & 1.3235 as targets...

Pivot (invalidation): 0.9090 Our preference Short positions below 0.9090 with targets at 0.9060 & 0.9040 in extension. Alternative scenario Above 0.9090 look for further upside with 0.9110 & 0.9125 as targets...

Pivot (invalidation): 105.90 Our preference Short positions below 105.90 with targets at 105.60 & 105.30 in extension. Alternative scenario Above 105.90 look for further upside with 106.20 & 106.40 as targets...

Pivot (invalidation): 1.3205 Our preference Long positions above 1.3205 with targets at 1.3250 & 1.3270 in extension. Alternative scenario Below 1.3205 look for further downside with 1.3180 & 1.3160 as targets...

Pivot (invalidation): 1.1850 Our preference Long positions above 1.1850 with targets at 1.1885 & 1.1900 in extension. Alternative scenario Below 1.1850 look for further downside with 1.1830 & 1.1810 as targets...

In the FX, the US dollar continues dictating the overall direction. The EURUSD and the GBPUSD gave back their early-week gains on the back of a global rebound in the US dollar...

The S&P500 (-0.44%) came off from its record highs following the Federal Reserve’s (Fed) reluctance to offer more guidance immediately...

Pivot (invalidation): 43.15 Our preference Short positions below 43.15 with targets at 42.40 & 42.10 in extension. Alternative scenario Above 43.15 look for further upside with 43.30 & 43.50 as targets...