Jiming Huang / Blog
Pivot (invalidation): 1.1270 Our preference Long positions above 1.1270 with targets at 1.1310 & 1.1325 in extension. Alternative scenario Below 1.1270 look for further downside with 1.1245 & 1.1230 as targets...
The Swiss/Liechtenstein-based ‘Crypto Valley’ continues to boom: company numbers are up 20% in the past year to 750 in total, including four unicorns. Blockchain technologies remain highly attractive, despite the plunge in cryptocurrencies last year...
Over the last few days, the greenback has been trading with an upward bias, remaining insensitive to the publication of economic data – good or bad. Indeed, the trade negotiation between the US and China remains the main driver in the FX market...
The rise in inventories continues, and attention is turning to OPEC+ members which have tightened supply, pushing Brent, WTI and Shanghai future up by 4.15%, 3.13% and 2.95%, their highest in 3 months...
December’s retail sales gave a stark reminder that the economy is not rosy anymore. They contracted 1.2% monthly in December versus +0.1% expected, and November’s figures were downwardly revised. This is the largest contraction since September 2009...
Pivot (invalidation): 54.20 Our preference Long positions above 54.20 with targets at 55.00 & 55.45 in extension. Alternative scenario Below 54.20 look for further downside with 53.80 & 53.10 as targets...
Pivot (invalidation): 15.5200 Our preference Long positions above 15.5200 with targets at 15.6300 & 15.6800 in extension. Alternative scenario Below 15.5200 look for further downside with 15.4700 & 15.4300 as targets...
Pivot (invalidation): 1308.00 Our preference Long positions above 1308.00 with targets at 1315.50 & 1318.00 in extension. Alternative scenario Below 1308.00 look for further downside with 1305.00 & 1302.00 as targets...