Jiming Huang / Blog
Pivot (invalidation): 1.3140 Our preference Short positions below 1.3140 with targets at 1.3095 & 1.3080 in extension. Alternative scenario Above 1.3140 look for further upside with 1.3155 & 1.3175 as targets...
Pivot (invalidation): 1.1690 Our preference Long positions above 1.1690 with targets at 1.1720 & 1.1740 in extension. Alternative scenario Below 1.1690 look for further downside with 1.1665 & 1.1645 as targets...
US second quarter GDP growth estimates at 4.10% (expected: 4.20%) annualized q/q from 2% previously, its fastest pace in four years. The strong US growth numbers in Q2 are mainly explained by Trump’s USD 1...
US and Asian stocks market were in risk-off mode recently as central bank decisions are approaching and despite impressive growth numbers from the US economy. The dollar index is falling while US treasuries are declining following recent rise on Friday...
Pivot (invalidation): 7990 Our preference Long positions above 7990 with targets at 8330 & 8500 in extension. Alternative scenario Below 7990 look for further downside with 7795 & 7600 as targets...
Pivot (invalidation): 69.25 Our preference Short positions below 69.25 with targets at 68.70 & 68.25 in extension. Alternative scenario Above 69.25 look for further upside with 69.70 & 69.90 as targets...
Pivot (invalidation): 15.5100 Our preference Short positions below 15.5100 with targets at 15.3400 & 15.3000 in extension. Alternative scenario Above 15.5100 look for further upside with 15.5800 & 15.6700 as targets...
Pivot (invalidation): 1224.00 Our preference Short positions below 1224.00 with targets at 1218.00 & 1215.50 in extension. Alternative scenario Above 1224.00 look for further upside with 1227.50 & 1230.50 as targets...
Pivot (invalidation): 1.1580 Our preference Long positions above 1.1580 with targets at 1.1605 & 1.1620 in extension. Alternative scenario Below 1.1580 look for further downside with 1.1565 & 1.1550 as targets...