Jiming Huang / Blog
Pivot (invalidation): 5.7760 Our preference Long positions above 5.7760 with targets at 5.8290 & 5.8570 in extension. Alternative scenario Below 5.7760 look for further downside with 5.7500 & 5.7280 as targets...
Pivot (invalidation): 0.6935 Our preference Short positions below 0.6935 with targets at 0.6900 & 0.6880 in extension. Alternative scenario Above 0.6935 look for further upside with 0.6950 & 0.6965 as targets...
Pivot (invalidation): 1.3305 Our preference Long positions above 1.3305 with targets at 1.3360 & 1.3380 in extension. Alternative scenario Below 1.3305 look for further downside with 1.3270 & 1.3245 as targets...
Pivot (invalidation): 0.9925 Our preference Long positions above 0.9925 with targets at 0.9965 & 0.9995 in extension. Alternative scenario Below 0.9925 look for further downside with 0.9900 & 0.9880 as targets...
Pivot (invalidation): 108.55 Our preference Short positions below 108.55 with targets at 108.15 & 107.95 in extension. Alternative scenario Above 108.55 look for further upside with 108.70 & 108.80 as targets...
Pivot (invalidation): 1.2710 Our preference Short positions below 1.2710 with targets at 1.2680 & 1.2665 in extension. Alternative scenario Above 1.2710 look for further upside with 1.2730 & 1.2760 as targets...
Pivot (invalidation): 1.1310 Our preference Short positions below 1.1310 with targets at 1.1280 & 1.1270 in extension. Alternative scenario Above 1.1310 look for further upside with 1.1325 & 1.1340 as targets...
After rallying to a monthly high on Tuesday, equity markets consolidated on Wednesday. Front month futures on the S&P 500 stabilised above the 2,880 points, down 0.23% on the session, while in the Europe EuroSTOXX 50 futures edged down 0.29% to 3,391 points...
Demonstrations in Hong Kong over the extradition bill might be overshadowed by activity in the local FX market. Hong Kong dollar has risen to its strongest level against the USD in today trading at HIBOR has surged...