Jiming Huang / Blog
Pivot (invalidation): 111.50 Our preference Long positions above 111.50 with targets at 111.80 & 112.00 in extension. Alternative scenario Below 111.50 look for further downside with 111.30 & 111.15 as targets...
Pivot (invalidation): 1.3050 Our preference Short positions below 1.3050 with targets at 1.3000 & 1.2965 in extension. Alternative scenario Above 1.3050 look for further upside with 1.3095 & 1.3140 as targets...
Pivot (invalidation): 1.1610 Our preference Short positions below 1.1610 with targets at 1.1570 & 1.1540 in extension. Alternative scenario Above 1.1610 look for further upside with 1.1630 & 1.1655 as targets...
Today’s monetary decision is tough for the Mexican central bank. Inflation remains largely above the 3% target on one side but the economy still remains in shape on the other, and the peso already recovered this year amid optimism on the front of NAFTA talks with the US (USD/MXN year-to-date: -4...
An interest-hike of 0.25% expected later today from the Bank of England is already priced in. Unchanged at 0.50% since 2 November 2017, the hike is being pushed by hawks in majority in the Bank’s Monetary Policy Committee...
Pivot (invalidation): 7460 Our preference Long positions above 7460 with targets at 7790 & 8060 in extension. Alternative scenario Below 7460 look for further downside with 7270 & 7000 as targets...
Pivot (invalidation): 68.40 Our preference Short positions below 68.40 with targets at 67.60 & 67.30 in extension. Alternative scenario Above 68.40 look for further upside with 68.80 & 69.15 as targets...
Pivot (invalidation): 15.4800 Our preference Short positions below 15.4800 with targets at 15.3700 & 15.3000 in extension. Alternative scenario Above 15.4800 look for further upside with 15.5400 & 15.6100 as targets...
Pivot (invalidation): 1222.00 Our preference Short positions below 1222.00 with targets at 1217.00 & 1213.50 in extension. Alternative scenario Above 1222.00 look for further upside with 1225.00 & 1228.50 as targets...