Jiming Huang / Blog
The New Zealand dollar was the worst performer amongst the G10 complex following an unexpected slump in Manufacturing PMI. NZD/USD fell as much as 0.63% to 0.6528 after Business Manufacturing PMI came in at 50.2 versus 53 median forecast and 52.7 in the previous month...
Overall risk sentiment remains weak after reports of attacks on two oil tankers in the Gulf of Oman. US equity markets closed higher due to rally in energy stocks, US yields fell, while oil and gold prices bounced. Classic safe-haven flows...
Pivot (invalidation): 52.90 Our preference Short positions below 52.90 with targets at 51.70 & 50.90 in extension. Alternative scenario Above 52.90 look for further upside with 53.45 & 54.00 as targets...
Pivot (invalidation): 14.8400 Our preference Long positions above 14.8400 with targets at 15.0300 & 15.1400 in extension. Alternative scenario Below 14.8400 look for further downside with 14.7600 & 14.7100 as targets...
Pivot (invalidation): 1340.50 Our preference Long positions above 1340.50 with targets at 1351.50 & 1356.00 in extension. Alternative scenario Below 1340.50 look for further downside with 1335.00 & 1331.50 as targets...
Pivot (invalidation): 2871.50 Our preference Long positions above 2871.50 with targets at 2910.00 & 2935.00 in extension. Alternative scenario Below 2871.50 look for further downside with 2851.50 & 2823.00 as targets...
Pivot (invalidation): 12070.00 Our preference Long positions above 12070.00 with targets at 12230.00 & 12320.00 in extension. Alternative scenario Below 12070.00 look for further downside with 11950.00 & 11900.00 as targets...
Pivot (invalidation): 5.8530 Our preference Long positions above 5.8530 with targets at 5.9060 & 5.9440 in extension. Alternative scenario Below 5.8530 look for further downside with 5.8160 & 5.7880 as targets...
Pivot (invalidation): 0.6920 Our preference Short positions below 0.6920 with targets at 0.6875 & 0.6850 in extension. Alternative scenario Above 0.6920 look for further upside with 0.6935 & 0.6950 as targets...