Jiming Huang / Blog
Pivot (invalidation): 1.1360 Our preference Short positions below 1.1360 with targets at 1.1340 & 1.1325 in extension. Alternative scenario Above 1.1360 look for further upside with 1.1370 & 1.1380 as targets...
Expectations for global inflation continue to decrease as deflationary pressure mount. This indicated that the Fed will unlikely be challenged by suspected inflation over 2% target. The ECB in reactions slashed its 2019 forecast for both economic growth and inflation...
The US dollar continued to lose ground against most of its peers as sentiment on risk remained roughly positive ahead of tomorrow FOMC meeting. The dollar index gave up another 0.14% Tuesday morning as it reached 96.39. The single currency appreciated to 1.1355 (+0...
Pivot (invalidation): 58.70 Our preference Long positions above 58.70 with targets at 59.25 & 59.65 in extension. Alternative scenario Below 58.70 look for further downside with 58.40 & 58.05 as targets...
Pivot (invalidation): 15.2900 Our preference Long positions above 15.2900 with targets at 15.4800 & 15.5300 in extension. Alternative scenario Below 15.2900 look for further downside with 15.2400 & 15.1900 as targets...
Pivot (invalidation): 1302.00 Our preference Long positions above 1302.00 with targets at 1311.00 & 1315.00 in extension. Alternative scenario Below 1302.00 look for further downside with 1298.00 & 1294.00 as targets...
Pivot (invalidation): 2818.50 Our preference Long positions above 2818.50 with targets at 2840.00 & 2852.00 in extension. Alternative scenario Below 2818.50 look for further downside with 2805.50 & 2798.00 as targets...
Pivot (invalidation): 11625.00 Our preference Long positions above 11625.00 with targets at 11725.00 & 11790.00 in extension. Alternative scenario Below 11625.00 look for further downside with 11570.00 & 11540.00 as targets...
Pivot (invalidation): 5.4580 Our preference Long positions above 5.4580 with targets at 5.4760 & 5.4890 in extension. Alternative scenario Below 5.4580 look for further downside with 5.4505 & 5.4400 as targets...