Jiming Huang / Blog
The US dollar index steadies below the 100 mark as an indication that the global risk sentiment hasn’t been shaken by the latest employment figures in the US. The USDJPY is ready take over the 107-resistance. Gold remains close to the $1700 per oz...
Friday’s jobs data in the US was catastrophic with more than 20 million jobs lost during April, but in line with market expectations, so the market mood wasn’t shaken by the ugly number. The US equities closed last week on a positive note. The Dow rallied 1.91%, as S&P500 (+1...
Pivot (invalidation): 23.35 Our preference Long positions above 23.35 with targets at 25.00 & 25.55 in extension. Alternative scenario...
Pivot (invalidation): 15.3800 Our preference Long positions above 15.3800 with targets at 15.7600 & 15.9100 in extension. Alternative scenario...
Pivot (invalidation): 1700.00 Our preference Long positions above 1700.00 with targets at 1716.00 & 1723.00 in extension. Alternative scenario...
Pivot (invalidation): 2901.00 Our preference Long positions above 2901.00 with targets at 2952.00 & 2977.00 in extension. Alternative scenario...
Pivot (invalidation): 10770.00 Our preference Long positions above 10770.00 with targets at 10950.00 & 11080.00 in extension. Alternative scenario...
Pivot (invalidation): 7.1190 Our preference Short positions below 7.1190 with targets at 7.0540 & 7.0160 in extension. Alternative scenario...
Pivot (invalidation): 0.6515 Our preference Long positions above 0.6515 with targets at 0.6570 & 0.6600 in extension. Alternative scenario...