Jiming Huang / Blog
Pivot (invalidation): 0.7100 Our preference Long positions above 0.7100 with targets at 0.7135 & 0.7155 in extension. Alternative scenario Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets...
Pivot (invalidation): 1.3415 Our preference Short positions below 1.3415 with targets at 1.3370 & 1.3345 in extension. Alternative scenario Above 1.3415 look for further upside with 1.3440 & 1.3470 as targets...
Pivot (invalidation): 0.9935 Our preference Short positions below 0.9935 with targets at 0.9910 & 0.9895 in extension. Alternative scenario Above 0.9935 look for further upside with 0.9950 & 0.9970 as targets...
Pivot (invalidation): 109.90 Our preference Long positions above 109.90 with targets at 110.25 & 110.50 in extension. Alternative scenario Below 109.90 look for further downside with 109.70 & 109.40 as targets...
Pivot (invalidation): 1.3170 Our preference Long positions above 1.3170 with targets at 1.3220 & 1.3245 in extension. Alternative scenario Below 1.3170 look for further downside with 1.3140 & 1.3110 as targets...
Pivot (invalidation): 1.1300 Our preference Long positions above 1.1300 with targets at 1.1330 & 1.1345 in extension. Alternative scenario Below 1.1300 look for further downside with 1.1275 & 1.1245 as targets...
The US economy is decelerating as the boost stimulated by tax cuts begins to dwindle and the trade war with China begins to bite...
The continued effects of US yields can be felt across the entire asset class today. Following Friday, we are seeing risk sell-off in FX, equity indices and bond yields. The FX risk basket of TRY, BRL and ZAR have been hammered with the JPY as the primary destination for safe-haven flows...
Pivot (invalidation): 59.10 Our preference Short positions below 59.10 with targets at 58.00 & 57.55 in extension. Alternative scenario Above 59.10 look for further upside with 59.60 & 60.05 as targets...