Jiming Huang / Blog
Pivot (invalidation): 6.1210 Our preference Long positions above 6.1210 with targets at 6.2155 & 6.2630 in extension. Alternative scenario Below 6.1210 look for further downside with 6.0590 & 6.0270 as targets...
Pivot (invalidation): 0.7085 Our preference Short positions below 0.7085 with targets at 0.7050 & 0.7035 in extension. Alternative scenario Above 0.7085 look for further upside with 0.7100 & 0.7115 as targets...
Pivot (invalidation): 1.2885 Our preference Long positions above 1.2885 with targets at 1.2940 & 1.2975 in extension. Alternative scenario Below 1.2885 look for further downside with 1.2855 & 1.2810 as targets...
Pivot (invalidation): 0.9895 Our preference Long positions above 0.9895 with targets at 0.9935 & 0.9970 in extension. Alternative scenario Below 0.9895 look for further downside with 0.9860 & 0.9830 as targets...
Pivot (invalidation): 113.75 Our preference Long positions above 113.75 with targets at 114.05 & 114.25 in extension. Alternative scenario Below 113.75 look for further downside with 113.50 & 113.30 as targets...
Pivot (invalidation): 1.2995 Our preference Long positions above 1.2995 with targets at 1.3040 & 1.3060 in extension. Alternative scenario Below 1.2995 look for further downside with 1.2970 & 1.2950 as targets...
Pivot (invalidation): 1.1490 Our preference Long positions above 1.1490 with targets at 1.1520 & 1.1545 in extension. Alternative scenario Below 1.1490 look for further downside with 1.1460 & 1.1430 as targets...
Inflation in Turkey blew out expectations, with the core reading up to 24.5% and producer prices hitting 46%. Oddly, TRY is stable, which must mean markets are confident the Central Bank of Turkey will fix it. So the CBT must hike...
Strong economic data sent US yields higher across the board. 10-year treasuries surged to 3.225%, adding 0.12% overnight. USD bulls charged, bidding up the greenback versus developed and developing currencies alike. Worries of a slowdown trade tensions were nowhere to be found...