Jiming Huang / Blog
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...