Jiming Huang / Blog
Pivot (invalidation): 1.3240 Our preference Long positions above 1.3240 with targets at 1.3285 & 1.3305 in extension. Alternative scenario Below 1.3240 look for further downside with 1.3215 & 1.3200 as targets...
Pivot (invalidation): 0.9935 Our preference Long positions above 0.9935 with targets at 0.9960 & 0.9975 in extension. Alternative scenario Below 0.9935 look for further downside with 0.9920 & 0.9900 as targets...
Pivot (invalidation): 109.25 Our preference Long positions above 109.25 with targets at 109.55 & 109.70 in extension. Alternative scenario Below 109.25 look for further downside with 109.10 & 108.90 as targets...
Pivot (invalidation): 1.3120 Our preference Short positions below 1.3120 with targets at 1.3055 & 1.3015 in extension. Alternative scenario Above 1.3120 look for further upside with 1.3170 & 1.3200 as targets...
Pivot (invalidation): 1.1415 Our preference Long positions above 1.1415 with targets at 1.1450 & 1.1480 in extension. Alternative scenario Below 1.1415 look for further downside with 1.1390 & 1.1370 as targets...
In the UK, the House of Commons votes today on a second version of the Brexit deal. By most accounts it will also be rejected. Brexit fatigue is setting in. The high probability trade is of a compromise, resulting in a softer Brexit...
Markets seems less concerned with EUR/GBP and GBP/USD as 1-month volatility remains low. The European Central Bank is cautious, expected to launch new liquidity facility. While it is not directly focused on Brexit risk, it does help backstop overall European risk...
Despite a 2018 that included trade sanction escalations, a sharp drop in emerging currencies, fears of a global economic slowdown and a hawkish Fed, Swiss exports reached CHF 233.1 billion (+5.70%), a new record and the highest percentage gain since 2010...
Pivot (invalidation): 52.60 Our preference Short positions below 52.60 with targets at 51.65 & 51.30 in extension. Alternative scenario Above 52.60 look for further upside with 52.85 & 53.10 as targets...