Jiming Huang / Blog
Pivot (invalidation): 0.8935 Our preference Short positions below 0.8935 with targets at 0.8905 & 0.8890 in extension. Alternative scenario Above 0.8935 look for further upside with 0.8960 & 0.8980 as targets...
Pivot (invalidation): 0.7250 Our preference Short positions below 0.7250 with targets at 0.7180 & 0.7160 in extension. Alternative scenario Above 0.7250 look for further upside with 0.7290 & 0.7325 as targets...
Pivot (invalidation): 1.3090 Our preference Short positions below 1.3090 with targets at 1.3040 & 1.3015 in extension. Alternative scenario Above 1.3090 look for further upside with 1.3120 & 1.3150 as targets...
Pivot (invalidation): 0.9930 Our preference Long positions above 0.9930 with targets at 0.9975 & 0.9995 in extension. Alternative scenario Below 0.9930 look for further downside with 0.9915 & 0.9895 as targets...
Pivot (invalidation): 111.10 Our preference Long positions above 111.10 with targets at 111.65 & 111.85 in extension. Alternative scenario Below 111.10 look for further downside with 110.75 & 110.55 as targets...
Pivot (invalidation): 1.2735 Our preference Short positions below 1.2735 with targets at 1.2670 & 1.2640 in extension. Alternative scenario Above 1.2735 look for further upside with 1.2780 & 1.2820 as targets...
Pivot (invalidation): 1.1380 Our preference Short positions below 1.1380 with targets at 1.1290 & 1.1250 in extension. Alternative scenario Above 1.1380 look for further upside with 1.1430 & 1.1480 as targets...
UK unemployment should fall further toward 4% (expect 4.1%). Wage growth should stagnate at 2.7%. Rising inflation should give the Bank of England confidence to raise rates in August. However, European growth concerns and Brexit uncertainty should keep the BoE sidelined for the rest of the year...
As emerging-market currencies quake, now could be an opportunity to bargain hunt. Turkey has bounced back: the market has lost its appetite for pushing TRY further, as USD/TRY 1 month at-the-money volatility stands at a whopping 60...