Jiming Huang / Blog
Now that Trump and Juncker are friends again, as they pledge to deescalate the trade crisis, the spotlight will inevitably fall on today’s ECB meeting...
US equities had a great deal of relief on news that the US and the EU are holding off from implementing new tariffs and will start negotiations...
Pivot (invalidation): 8060 Our preference Long positions above 8060 with targets at 8330 & 8500 in extension. Alternative scenario Below 8060 look for further downside with 7850 & 7690 as targets...
Pivot (invalidation): 111.10 Our preference Short positions below 111.10 with targets at 110.60 & 110.35 in extension. Alternative scenario Above 111.10 look for further upside with 111.50 & 111.90 as targets...
Pivot (invalidation): 1.3170 Our preference Long positions above 1.3170 with targets at 1.3240 & 1.3265 in extension. Alternative scenario Below 1.3170 look for further downside with 1.3135 & 1.3110 as targets...
Pivot (invalidation): 1.1710 Our preference Long positions above 1.1710 with targets at 1.1750 & 1.1770 in extension. Alternative scenario Below 1.1710 look for further downside with 1.1685 & 1.1660 as targets...
Starting today, European Commission President Jean-Claude Juncker and Donald Trump will be holding talks in Washington related to current trade battle between both blocs...
On Wednesday morning, all G10 currencies extended gains against the US dollar, with the exception of the Australian dollar after inflation data fell short of expectations. The Aussie fell as much as 0.75% against the buck as AUD/USD slid to $0.74. Headline CPI printed at 2...
Pivot (invalidation): 7600 Our preference Long positions above 7600 with targets at 7900 & 8020 in extension. Alternative scenario Below 7600 look for further downside with 7435 & 7230 as targets...