Jiming Huang / Blog
June 24 presidential elections in Turkey gave Erdogan an unambiguous victory, confirming his second mandate as Turkish leader for another five years...
During the Asian session, the US dollar extended yesterday’s gains but quickly lost its advance as risk sentiment continued to improve. After sliding to $1.1655, the single currency bounced back towards the 1.17 threshold...
Rising on Friday due to an OPEC report mentioning that the organization will reduce exports for the month of August, Brent crude and West Texas Intermediate (WTI) closed the week at USD 73.07 and 70.46 respectively amid easing concerns of oversupply in the marketplace...
The week gets off to a slow start as investors continue to focus on trade war developments. Donald Trump did not just sit around over the weekend...
Pivot (invalidation): 7370 Our preference Long positions above 7370 with targets at 7700 & 7900 in extension. Alternative scenario Below 7370 look for further downside with 7230 & 7035 as targets...
Pivot (invalidation): 67.70 Our preference Long positions above 67.70 with targets at 68.90 & 69.15 in extension. Alternative scenario Below 67.70 look for further downside with 67.20 & 66.60 as targets...
Pivot (invalidation): 15.3700 Our preference Long positions above 15.3700 with targets at 15.6200 & 15.7200 in extension. Alternative scenario Below 15.3700 look for further downside with 15.3000 & 15.2200 as targets...
Pivot (invalidation): 1226.00 Our preference Long positions above 1226.00 with targets at 1238.00 & 1241.00 in extension. Alternative scenario Below 1226.00 look for further downside with 1221.00 & 1215.50 as targets...
Pivot (invalidation): 1.1650 Our preference Short positions below 1.1650 with targets at 1.1620 & 1.1600 in extension. Alternative scenario Above 1.1650 look for further upside with 1.1665 & 1.1680 as targets...