Jiming Huang / Blog
Market participants will likely take some time to consider the global impact of Saturday’s headline relating to the dismissal of Turkish Central Bank Governor Murat Cetinkaya, in office since April 2016...
European markets have walked into Asian equity markets in the red. Fridays strong, US labor reports has put speculation of a 50bp Fed cut in July on hold. The market had fully priced in a 25bp cut this month but talk of additional easing has slowed...
Pivot (invalidation): 56.95 Our preference Long positions above 56.95 with targets at 58.10 & 58.85 in extension. Alternative scenario Below 56.95 look for further downside with 56.45 & 56.05 as targets...
Pivot (invalidation): 14.9200 Our preference Long positions above 14.9200 with targets at 15.1000 & 15.1800 in extension. Alternative scenario Below 14.9200 look for further downside with 14.8400 & 14.7600 as targets...
Pivot (invalidation): 1392.00 Our preference Long positions above 1392.00 with targets at 1402.00 & 1411.00 in extension. Alternative scenario Below 1392.00 look for further downside with 1386.50 & 1381.00 as targets...
Pivot (invalidation): 2972.00 Our preference Long positions above 2972.00 with targets at 3001.00 & 3017.00 in extension. Alternative scenario Below 2972.00 look for further downside with 2958.00 & 2944.00 as targets...
Pivot (invalidation): 12600.00 Our preference Short positions below 12600.00 with targets at 12487.00 & 12399.00 in extension. Alternative scenario Above 12600.00 look for further upside with 12650.00 & 12690.00 as targets...
Pivot (invalidation): 5.6990 Our preference Long positions above 5.6990 with targets at 5.7900 & 5.8330 in extension. Alternative scenario Below 5.6990 look for further downside with 5.6640 & 5.6380 as targets...
Pivot (invalidation): 0.6995 Our preference Short positions below 0.6995 with targets at 0.6970 & 0.6955 in extension. Alternative scenario Above 0.6995 look for further upside with 0.7010 & 0.7025 as targets...