Jiming Huang / Blog
Things are all downhill from here for Prime Minister Theresa May. Debates in parliament start tomorrow, with a vote on Brexit planned for 11 December. We remain negative on EUR/GBP, expecting a further decline to 0.8810 when the deal is rejected. Elsewhere, markets are buoyant...
The European Union confirmed it will not extend equivalence for the Swiss stock exchange as of 31 December...
Pivot (invalidation): 52.00 Our preference Long positions above 52.00 with targets at 54.10 & 54.80 in extension. Alternative scenario Below 52.00 look for further downside with 51.40 & 50.80 as targets...
Pivot (invalidation): 14.1800 Our preference Long positions above 14.1800 with targets at 14.3900 & 14.4400 in extension. Alternative scenario Below 14.1800 look for further downside with 14.1000 & 14.0300 as targets...
Pivot (invalidation): 1220.00 Our preference Long positions above 1220.00 with targets at 1227.00 & 1230.00 in extension. Alternative scenario Below 1220.00 look for further downside with 1216.50 & 1211.00 as targets...
Pivot (invalidation): 2722.00 Our preference Long positions above 2722.00 with targets at 2785.00 & 2815.00 in extension. Alternative scenario Below 2722.00 look for further downside with 2698.00 & 2683.00 as targets...
Pivot (invalidation): 11190.00 Our preference Long positions above 11190.00 with targets at 11320.00 & 11355.00 in extension. Alternative scenario Below 11190.00 look for further downside with 11138.00 & 11091.00 as targets...
Pivot (invalidation): 5.2100 Our preference Short positions below 5.2100 with targets at 5.1610 & 5.1300 in extension. Alternative scenario Above 5.2100 look for further upside with 5.2570 & 5.2960 as targets...
Pivot (invalidation): 0.7310 Our preference Long positions above 0.7310 with targets at 0.7400 & 0.7440 in extension. Alternative scenario Below 0.7310 look for further downside with 0.7280 & 0.7250 as targets...