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The US stock market rally is about to continue on Monday, judging by the bullishness seen in the futures market. Dow and S&P 500 futures are up about 0.50% while NASDAQ futures have gained almost 0.80% so far. Investors are all in amid the Fed’s dovishness...
Market News
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Jiming Huang, 31 August 2020, 10:01
Japan’s Nikkei 225 has surged 1.42%. The index fell last Friday after Prime Minister Shinzo Abe's resignation caused uncertainty over the next fiscal and monetary stimulus moves...
Market News
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Jiming Huang, 31 August 2020, 10:01
Pivot (invalidation): 42.80 Our preference Long positions above 42.80 with targets at 43.45 & 43.60 in extension. Alternative scenario Below 42.80 look for further downside with 42.60 & 42.35 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:58
Pivot (invalidation): 27.5000 Our preference Long positions above 27.5000 with targets at 28.3000 & 28.7500 in extension. Alternative scenario Below 27.5000 look for further downside with 27.1500 & 26.8000 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:57
Pivot (invalidation): 1960.00 Our preference Long positions above 1960.00 with targets at 1977.00 & 1984.00 in extension. Alternative scenario Below 1960.00 look for further downside with 1947.00 & 1935.00 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:56
Pivot (invalidation): 3465.00 Our preference Long positions above 3465.00 with targets at 3523.00 & 3558.00 in extension. Alternative scenario Below 3465.00 look for further downside with 3445.00 & 3413.00 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:54 #S&P 500
Pivot (invalidation): 13145.00 Our preference Short positions below 13145.00 with targets at 12924.00 & 12800.00 in extension. Alternative scenario Above 13145.00 look for further upside with 13220.00 & 13314.00 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:54 #dax
Pivot (invalidation): 7.3700 Our preference Short positions below 7.3700 with targets at 7.2970 & 7.2750 in extension. Alternative scenario Above 7.3700 look for further upside with 7.3880 & 7.4070 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:52
Pivot (invalidation): 0.7335 Our preference Long positions above 0.7335 with targets at 0.7390 & 0.7415 in extension. Alternative scenario Below 0.7335 look for further downside with 0.7315 & 0.7290 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:52
Pivot (invalidation): 1.3125 Our preference Short positions below 1.3125 with targets at 1.3045 & 1.3015 in extension. Alternative scenario Above 1.3125 look for further upside with 1.3160 & 1.3190 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:51 #usd/cad
Pivot (invalidation): 0.9055 Our preference Short positions below 0.9055 with targets at 0.9020 & 0.9000 in extension. Alternative scenario Above 0.9055 look for further upside with 0.9070 & 0.9085 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:50
Pivot (invalidation): 105.80 Our preference Short positions below 105.80 with targets at 105.15 & 104.75 in extension. Alternative scenario Above 105.80 look for further upside with 106.15 & 106.50 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:49 #usd/jpy
Pivot (invalidation): 1.3300 Our preference Long positions above 1.3300 with targets at 1.3380 & 1.3415 in extension. Alternative scenario Below 1.3300 look for further downside with 1.3260 & 1.3220 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:48 #GBP/USD
Pivot (invalidation): 1.1880 Our preference Long positions above 1.1880 with targets at 1.1930 & 1.1950 in extension. Alternative scenario Below 1.1880 look for further downside with 1.1865 & 1.1835 as targets...
Analytics & Forecasts
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Jiming Huang, 31 August 2020, 09:47 #EUR/USD
For this analysis I use iPump indicato r Important news for t oday EUR / USD On Friday, the EUR / USD pair was trading higher and closed the day in positive territory around $ 1.1905. Today the pair was trading in a narrow range of $ 1.1895-25, staying close to Friday's close...
Analytics & Forecasts
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[Deleted], 31 August 2020, 08:20
First, a review of last week’s events: — EUR/USD . 60% of analysts once again tried to give priority to the dollar last week, hoping that the EUR/USD pair will still break the support of 1.1700. In the opinion of the remaining 40%, it should have stayed within the side channel 1.1700-1...
Analytics & Forecasts
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Sergey Ershov, 29 August 2020, 16:13 #bitcoin, forex
For this analysis I use iPump indicato r Important news for t oday USD / CHF Fundamental news The USD / CHF pair is moderately declining amid a downward correction in the US dollar. Yesterday's data on the level of Swiss GDP was not unexpected...
Analytics & Forecasts
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[Deleted], 28 August 2020, 09:43
The weak US dollar continues fueling gains in EURUSD, GBPUSD and AUDUSD. The EURUSD advanced to 1.19, and Cable hit a fresh post-pandemic high at 1.3284...
Market News
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Jiming Huang, 28 August 2020, 09:33
The Federal Reserve (Fed) Chair Jerome Powell brought a new policy approach on the table at yesterday’s Jackson Hole meeting, tweaking the Fed’s inflation target from 2% to ‘2% over time’ as expected...
Market News
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Jiming Huang, 28 August 2020, 09:32
Pivot (invalidation): 43.20 Our preference Short positions below 43.20 with targets at 42.60 & 42.35 in extension. Alternative scenario Above 43.20 look for further upside with 43.50 & 43.75 as targets...
Analytics & Forecasts
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Jiming Huang, 28 August 2020, 09:13