Jiming Huang / Blog
Pivot (invalidation): 0.9735 Our preference Long positions above 0.9735 with targets at 0.9765 & 0.9785 in extension. Alternative scenario Below 0.9735 look for further downside with 0.9720 & 0.9700 as targets...
Pivot (invalidation): 111.05 Our preference Long positions above 111.05 with targets at 111.65 & 111.85 in extension. Alternative scenario Below 111.05 look for further downside with 110.85 & 110.70 as targets...
Pivot (invalidation): 1.2980 Our preference Long positions above 1.2980 with targets at 1.3065 & 1.3100 in extension. Alternative scenario Below 1.2980 look for further downside with 1.2940 & 1.2905 as targets...
Pivot (invalidation): 1.1600 Our preference Short positions below 1.1600 with targets at 1.1565 & 1.1545 in extension. Alternative scenario Above 1.1600 look for further upside with 1.1615 & 1.1630 as targets...
EM currency remain under pressure despite heavy devaluation of the past month. Investors have focused on foreign debt holdings to pick winner and losers. Foreign debt in EM have rising significantly in the past few years after a long period of decline...
A very ordinary Monday with market sentiment skewed towards risk-off. With the ECB meeting Thursday investors are taking time to reexamine strategies. Asia equity markets are broadly in the red highlighting the negative macroview...
Pivot (invalidation): 67.05 Our preference Long positions above 67.05 with targets at 69.00 & 69.50 in extension. Alternative scenario Below 67.05 look for further downside with 66.50 & 66.15 as targets...
Pivot (invalidation): 14.2300 Our preference Short positions below 14.2300 with targets at 13.9800 & 13.8900 in extension. Alternative scenario Above 14.2300 look for further upside with 14.3000 & 14.3700 as targets...
Pivot (invalidation): 1198.00 Our preference Short positions below 1198.00 with targets at 1193.25 & 1190.00 in extension. Alternative scenario Above 1198.00 look for further upside with 1203.00 & 1207.00 as targets...