Jiming Huang / Profile

Pivot (invalidation): 110.55 Our preference Short positions below 110.55 with targets at 110.00 & 109.85 in extension. Alternative scenario...

Pivot (invalidation): 1.2905 Our preference Long positions above 1.2905 with targets at 1.2935 & 1.2950 in extension. Alternative scenario...

Pivot (invalidation): 1.0880 Our preference Long positions above 1.0880 with targets at 1.0920 & 1.0940 in extension. Alternative scenario...

There is some downside correction in gold despite the risk-off trading mood. The price of an ounce eased to $1625, after Monday’s advance to $1691. Yet buyers continue piling into gold at price retreats to hedge the risk of a deeper equity sell-off. The rush into US government bonds continue...

The early optimism in European stock markets was rapidly washed out at the open yesterday. US indices sold off heavily for a second consecutive day. The S&P500 and the Dow closed Tuesday’s session 3% lower, as Nasdaq dived 2.77% on mounting coronavirus worries. Nikkei lost 0...

Pivot (invalidation): 50.65 Our preference Short positions below 50.65 with targets at 49.70 & 48.95 in extension. Alternative scenario...

Pivot (invalidation): 18.2200 Our preference Short positions below 18.2200 with targets at 17.8300 & 17.7100 in extension. Alternative scenario...

Pivot (invalidation): 1653.00 Our preference Short positions below 1653.00 with targets at 1625.00 & 1613.00 in extension. Alternative scenario...

Pivot (invalidation): 3176.00 Our preference Short positions below 3176.00 with targets at 3100.00 & 3072.00 in extension. Alternative scenario...

Pivot (invalidation): 13000.00 Our preference Short positions below 13000.00 with targets at 12700.00 & 12555.00 in extension. Alternative scenario...

Pivot (invalidation): 0.6620 Our preference Short positions below 0.6620 with targets at 0.6580 & 0.6560 in extension. Alternative scenario...

Pivot (invalidation): 6.1350 Our preference Long positions above 6.1350 with targets at 6.1580 & 6.1700 in extension. Alternative scenario...

Pivot (invalidation): 1.3295 Our preference Short positions below 1.3295 with targets at 1.3265 & 1.3250 in extension. Alternative scenario...

Pivot (invalidation): 0.9750 Our preference Long positions above 0.9750 with targets at 0.9790 & 0.9805 in extension. Alternative scenario...

Pivot (invalidation): 110.15 Our preference Long positions above 110.15 with targets at 110.70 & 110.90 in extension. Alternative scenario...

Pivot (invalidation): 1.3015 Our preference Short positions below 1.3015 with targets at 1.2965 & 1.2950 in extension. Alternative scenario...

Pivot (invalidation): 1.0890 Our preference Short positions below 1.0890 with targets at 1.0840 & 1.0830 in extension. Alternative scenario...

The euro recovered past 1.0860 against the US dollar as German GDP is expected to confirm a 0.2% growth in the fourth quarter versus 0.0% expected by analysts. An encouraging data could further fuel recovery in single currency against a softening US dollar...

Major US indices plunged more than 3% in New York as worries that the coronavirus could become a global pandemic took a toll on the markets worldwide. Technology stocks led losses in New York; Apple (-4.75%), Microsoft (-4.31%) and Intel (-4...

Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 52.00 & 52.30 in extension. Alternative scenario...