Jiming Huang / Blog
Pivot (invalidation): 0.6720 Our preference Long positions above 0.6720 with targets at 0.6755 & 0.6765 in extension. Alternative scenario...
Pivot (invalidation): 1.3335 Our preference Short positions below 1.3335 with targets at 1.3300 & 1.3285 in extension. Alternative scenario...
Pivot (invalidation): 0.9950 Our preference Short positions below 0.9950 with targets at 0.9915 & 0.9900 in extension. Alternative scenario...
Pivot (invalidation): 106.95 Our preference Long positions above 106.95 with targets at 107.30 & 107.45 in extension. Alternative scenario...
Pivot (invalidation): 1.2240 Our preference Short positions below 1.2240 with targets at 1.2195 & 1.2180 in extension. Alternative scenario...
Pivot (invalidation): 1.0950 Our preference Long positions above 1.0950 with targets at 1.0975 & 1.0985 in extension. Alternative scenario...
Our base case is for only modest progress, and given the recent deterioration in economic data, we retain a tactical underweight position in equities while awaiting the result, preferring carry strategies...
The lull of the Turkish lira over the last four months following the G20 summit is likely to break as the country is in the spotlight...
Pivot (invalidation): 53.35 Our preference Short positions below 53.35 with targets at 52.55 & 52.20 in extension. Alternative scenario...