Jiming Huang / Blog
Despite warnings from the European Commission, Italy’s government is sticking to its proposed budget – which sports a deficit of 2.40% of GDP, i.e. USD 50-80 billion...
A Brexit deal is on the table, but will it pass this afternoon’s Cabinet meeting? The cable is currently trading sideways, meaning traders don’t know: we expect GBP/USD to head along 1.2840...
Pivot (invalidation): 56.85 Our preference Short positions below 56.85 with targets at 54.75 & 53.95 in extension. Alternative scenario Above 56.85 look for further upside with 57.70 & 58.25 as targets...
Pivot (invalidation): 13.9600 Our preference Long positions above 13.9600 with targets at 14.1000 & 14.1900 in extension. Alternative scenario Below 13.9600 look for further downside with 13.9100 & 13.8300 as targets...
Pivot (invalidation): 1201.00 Our preference Long positions above 1201.00 with targets at 1207.75 & 1210.00 in extension. Alternative scenario Below 1201.00 look for further downside with 1199.00 & 1196.00 as targets...
Pivot (invalidation): 2755.00 Our preference Short positions below 2755.00 with targets at 2703.00 & 2671.00 in extension. Alternative scenario Above 2755.00 look for further upside with 2780.00 & 2815.00 as targets...
Pivot (invalidation): 11350.00 Our preference Long positions above 11350.00 with targets at 11600.00 & 11650.00 in extension. Alternative scenario Below 11350.00 look for further downside with 11290.00 & 11205.00 as targets...
Pivot (invalidation): 5.4640 Our preference Long positions above 5.4640 with targets at 5.4980 & 5.5170 in extension. Alternative scenario Below 5.4640 look for further downside with 5.4400 & 5.4100 as targets...
Pivot (invalidation): 0.7200 Our preference Long positions above 0.7200 with targets at 0.7240 & 0.7265 in extension. Alternative scenario Below 0.7200 look for further downside with 0.7185 & 0.7160 as targets...