Jiming Huang / Profil

Pivot (invalidation): 1.1750 Our preference Long positions above 1.1750 with targets at 1.1805 & 1.1830 in extension. Alternative scenario Below 1.1750 look for further downside with 1.1720 & 1.1700 as targets...

In the FX, with dollar steadying, the major pairs that have been sent to overbought territories have started retracing a part of their latest gains. The EURUSD tested the 1.17 support on Tuesday and a deeper downside correction could drag the pair towards 1...

Asian trading session lacked a clear direction, after mixed European and bearish US trading. Chinese stocks (+1.05%) rose following a soft start, while Japanese equities (-1.02%) edged lower as Fitch revised the country’s sovereign debt rating outlook from stable to negative...

Pivot (invalidation): 41.35 Our preference Short positions below 41.35 with targets at 40.85 & 40.50 in extension. Alternative scenario Above 41.35 look for further upside with 41.60 & 41.90 as targets...

Pivot (invalidation): 23.9000 Our preference Long positions above 23.9000 with targets at 24.6500 & 25.1400 in extension. Alternative scenario Below 23.9000 look for further downside with 23.5500 & 23.1000 as targets...

Pivot (invalidation): 1945.00 Our preference Long positions above 1945.00 with targets at 1966.00 & 1981.00 in extension. Alternative scenario Below 1945.00 look for further downside with 1934.00 & 1923.00 as targets...

Pivot (invalidation): 3243.00 Our preference Short positions below 3243.00 with targets at 3198.00 & 3173.00 in extension. Alternative scenario Above 3243.00 look for further upside with 3254.00 & 3277.00 as targets...

Pivot (invalidation): 12925.00 Our preference Short positions below 12925.00 with targets at 12750.00 & 12690.00 in extension. Alternative scenario Above 12925.00 look for further upside with 13067.00 & 13215.00 as targets...

Pivot (invalidation): 6.9210 Our preference Long positions above 6.9210 with targets at 6.9540 & 6.9780 in extension. Alternative scenario Below 6.9210 look for further downside with 6.9030 & 6.8850 as targets...

Pivot (invalidation): 0.7145 Our preference Long positions above 0.7145 with targets at 0.7180 & 0.7195 in extension. Alternative scenario Below 0.7145 look for further downside with 0.7125 & 0.7110 as targets...

Pivot (invalidation): 0.9190 Our preference Short positions below 0.9190 with targets at 0.9160 & 0.9150 in extension. Alternative scenario Above 0.9190 look for further upside with 0.9210 & 0.9230 as targets...

Pivot (invalidation): 1.3385 Our preference Short positions below 1.3385 with targets at 1.3355 & 1.3340 in extension. Alternative scenario Above 1.3385 look for further upside with 1.3405 & 1.3430 as targets...

Pivot (invalidation): 104.90 Our preference Long positions above 104.90 with targets at 105.25 & 105.45 in extension. Alternative scenario Below 104.90 look for further downside with 104.65 & 104.40 as targets...

Pivot (invalidation): 1.2950 Our preference Short positions below 1.2950 with targets at 1.2900 & 1.2860 in extension. Alternative scenario Above 1.2950 look for further upside with 1.2985 & 1.3015 as targets...

Pivot (invalidation): 1.1710 Our preference Long positions above 1.1710 with targets at 1.1740 & 1.1770 in extension. Alternative scenario Below 1.1710 look for further downside with 1.1695 & 1.1680 as targets...

or now, the skyrocketing US debt and escalating US-China tensions sent the US dollar to a 22-month low. The EURUSD extended gains to 1.1781 and the GBPUSD traded past the 1.29 mark for the first time in almost five months. The surge in both pairs is mostly driven by a broadly weaker US dollar...

US stocks kicked off the week on a positive note, even though the sentiment in European markets remained fragile. The GOP’s 1 trillion-dollar new fiscal stimulus plan helped boosting sentiment in the New York trading session...

Pivot (invalidation): 41.45 Our preference Long positions above 41.45 with targets at 41.90 & 42.10 in extension. Alternative scenario Below 41.45 look for further downside with 41.25 & 41.00 as targets...

Pivot (invalidation): 25.4500 Our preference Short positions below 25.4500 with targets at 23.9500 & 23.2500 in extension. Alternative scenario Above 25.4500 look for further upside with 26.2000 & 26.8000 as targets...

Pivot (invalidation): 1966.00 Our preference Short positions below 1966.00 with targets at 1929.00 & 1898.00 in extension. Alternative scenario Above 1966.00 look for further upside with 1981.00 & 2004.00 as targets...