Jiming Huang / Blog
Pivot (invalidation): 0.9915 Our preference Short positions below 0.9915 with targets at 0.9880 & 0.9855 in extension. Alternative scenario Above 0.9915 look for further upside with 0.9930 & 0.9950 as targets...
Pivot (invalidation): 108.35 Our preference Long positions above 108.35 with targets at 108.80 & 109.00 in extension. Alternative scenario Below 108.35 look for further downside with 108.15 & 107.95 as targets...
Pivot (invalidation): 1.2700 Our preference Short positions below 1.2700 with targets at 1.2670 & 1.2655 in extension. Alternative scenario Above 1.2700 look for further upside with 1.2725 & 1.2745 as targets...
Pivot (invalidation): 1.1325 Our preference Short positions below 1.1325 with targets at 1.1300 & 1.1290 in extension. Alternative scenario Above 1.1325 look for further upside with 1.1345 & 1.1360 as targets...
The negative market reaction following the escalation of the US-China trade tensions has yet to prompt either side to rush back to the negotiation table, but the US Fed signaled its willingness to cut interest rates if the economy gets hurt...
This week provided the collapse of Fed interest rate expectations and thereof US bond yields. Among others, Fed Bullard and Powell delivered a clear indication of their dovish bias...
Pivot (invalidation): 52.25 Our preference Long positions above 52.25 with targets at 53.75 & 54.60 in extension. Alternative scenario Below 52.25 look for further downside with 51.70 & 51.20 as targets...
Pivot (invalidation): 14.8000 Our preference Long positions above 14.8000 with targets at 14.9300 & 15.0000 in extension. Alternative scenario Below 14.8000 look for further downside with 14.7300 & 14.6900 as targets...