Jiming Huang / Blog
Pivot (invalidation): 106.75 Our preference Long positions above 106.75 with targets at 107.10 & 107.25 in extension. Alternative scenario...
Pivot (invalidation): 1.2305 Our preference Short positions below 1.2305 with targets at 1.2260 & 1.2230 in extension. Alternative scenario...
Pivot (invalidation): 1.1035 Our preference Short positions below 1.1035 with targets at 1.1015 & 1.1000 in extension. Alternative scenario...
The last batch of economic data from Germany points towards further pain. July’s industrial production came in well below estimates this morning. The gauge contracted 0.6%m/m while market participants expected a monthly increase of 0.4%. On the bright side, the June’s 1...
Yesterday, solid US non-manufacturing ISM supported growing risk appetite alongside easing U.S. China trade tensions. Global bond markets are correcting, equity markets are higher and safe-haven currencies in USD, JPY and CHF are weaker...
Pivot (invalidation): 56.70 Our preference Short positions below 56.70 with targets at 55.85 & 55.25 in extension. Alternative scenario...
Pivot (invalidation): 18.8400 Our preference Short positions below 18.8400 with targets at 18.4500 & 18.1500 in extension. Alternative scenario...
Pivot (invalidation): 1528.00 Our preference Short positions below 1528.00 with targets at 1506.00 & 1498.00 in extension. Alternative scenario...
Pivot (invalidation): 2943.00 Our preference Long positions above 2943.00 with targets at 3000.00 & 3029.00 in extension. Alternative scenario...