Jiming Huang / Blog
Pivot (invalidation): 5.6830 Our preference Short positions below 5.6830 with targets at 5.6120 & 5.5970 in extension. Alternative scenario Above 5.6830 look for further upside with 5.7040 & 5.7280 as targets...
Pivot (invalidation): 0.6980 Our preference Long positions above 0.6980 with targets at 0.7000 & 0.7020 in extension. Alternative scenario Below 0.6980 look for further downside with 0.6965 & 0.6955 as targets...
Pivot (invalidation): 1.3130 Our preference Short positions below 1.3130 with targets at 1.3075 & 1.3055 in extension. Alternative scenario Above 1.3130 look for further upside with 1.3145 & 1.3160 as targets...
Pivot (invalidation): 0.9865 Our preference Short positions below 0.9865 with targets at 0.9830 & 0.9815 in extension. Alternative scenario Above 0.9865 look for further upside with 0.9890 & 0.9910 as targets...
Pivot (invalidation): 107.90 Our preference Short positions below 107.90 with targets at 107.35 & 107.10 in extension. Alternative scenario Above 107.90 look for further upside with 108.10 & 108.30 as targets...
Pivot (invalidation): 1.2615 Our preference Short positions below 1.2615 with targets at 1.2585 & 1.2560 in extension. Alternative scenario Above 1.2615 look for further upside with 1.2640 & 1.2670 as targets...
Pivot (invalidation): 1.1310 Our preference Short positions below 1.1310 with targets at 1.1275 & 1.1255 in extension. Alternative scenario Above 1.1310 look for further upside with 1.1330 & 1.1355 as targets...
The Reserve Bank of Australia (RBA) reduced its official Cash rate (OCR) by 25bp taking the policy rate down to a low of 1.00%. Expectations for the move were balanced as Governor Lowe was worried about labor market developments, soft consumption, weak inflation outlook, and macro headwinds...
Over a month has passed since European Parliament successors have been elected while newly elected 28 national leaders from Europe Commission, which already gathered three times this year to elect their President, could not come up with a final decision so far, an unusual case which confirms that...