Jiming Huang / Blog
Pivot (invalidation): 1.1020 Our preference Short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension. Alternative scenario...
In Turkey, we expect the CBRT to over-deliver with a policy rate cut of 257bp on Thursday. After the initial 425bp cut in July, inflation dynamics have improved while the currency relative stability and global low-interest rates have provided a backdrop for the CBRT to chop rates...
A malaise has fallen over financial markets. The lack of meaningful news has left prices to drift. Tactically, we watching media for any news on US-China trade, ECB, Brexit, general data to support a Fed direction, for insights to short term price action...
Pivot (invalidation): 58.20 Our preference Short positions below 58.20 with targets at 57.20 & 56.70 in extension. Alternative scenario...
Pivot (invalidation): 18.1700 Our preference Short positions below 18.1700 with targets at 17.9500 & 17.8700 in extension. Alternative scenario...
Pivot (invalidation): 1498.00 Our preference Short positions below 1498.00 with targets at 1484.00 & 1479.00 in extension. Alternative scenario...
Pivot (invalidation): 2958.00 Our preference Long positions above 2958.00 with targets at 2990.00 & 3020.00 in extension. Alternative scenario...
Pivot (invalidation): 12230.00 Our preference Long positions above 12230.00 with targets at 12300.00 & 12365.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7550 Our preference Long positions above 5.7550 with targets at 5.7880 & 5.8130 in extension. Alternative scenario...