Jiming Huang / Profile

Pivot (invalidation): 1.0840 Our preference Short positions below 1.0840 with targets at 1.0815 & 1.0800 in extension. Alternative scenario...

Recently, the European Central Bank (ECB) President Christine Lagarde has also called European governments for putting their hands in their pockets to help ECB reaching its growth and inflation goals...

Asian equities made a mixed start to the week. Nikkei (-0.69%) and Topix (-0.89%) sold off as the Japanese GDP shrank 1.6% in the fourth quarter versus -1% expected by analysts and +0.4% printed a quarter earlier...

Pivot (invalidation): 51.60 Our preference Long positions above 51.60 with targets at 52.40 & 52.75 in extension. Alternative scenario...

Pivot (invalidation): 17.7200 Our preference Long positions above 17.7200 with targets at 17.9400 & 18.0300 in extension. Alternative scenario...

Pivot (invalidation): 1578.00 Our preference Long positions above 1578.00 with targets at 1585.00 & 1590.00 in extension. Alternative scenario...

Pivot (invalidation): 3355.00 Our preference Long positions above 3355.00 with targets at 3397.00 & 3410.00 in extension. Alternative scenario...

Pivot (invalidation): 13660.00 Our preference Long positions above 13660.00 with targets at 13840.00 & 13930.00 in extension. Alternative scenario...

Pivot (invalidation): 6.0580 Our preference Short positions below 6.0580 with targets at 6.0400 & 6.0310 in extension. Alternative scenario...

Pivot (invalidation): 0.6710 Our preference Long positions above 0.6710 with targets at 0.6730 & 0.6740 in extension. Alternative scenario...

Pivot (invalidation): 1.3255 Our preference Short positions below 1.3255 with targets at 1.3230 & 1.3215 in extension. Alternative scenario...

Pivot (invalidation): 0.9805 Our preference Long positions above 0.9805 with targets at 0.9835 & 0.9845 in extension. Alternative scenario...

Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 109.90 & 110.00 in extension. Alternative scenario...

Pivot (invalidation): 1.0825 Our preference Long positions above 1.0825 with targets at 1.0850 & 1.0860 in extension. Alternative scenario...

Pivot (invalidation): 1.3025 Our preference Long positions above 1.3025 with targets at 1.3065 & 1.3085 in extension. Alternative scenario...

The euro tanked to 1.0838 against the US dollar. Trend and momentum indicators remain comfortably negative, but the relative strength index (at 21.75%) warns that the single currency may have been sold too fast in a too short period of time and it could soon be time for an upside correction...

The US equities swung between hope and despair, but the three major indices closed lower on Thursday. Worries that the coronavirus cases may have spiked added to the New York Fed’s announcement that it will further curb repo operations. Asian stocks were mixed. Nikkei (-0.59%) and Topix (-0...

Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 51.95 & 52.25 in extension. Alternative scenario...

Pivot (invalidation): 17.5700 Our preference Long positions above 17.5700 with targets at 17.7300 & 17.8000 in extension. Alternative scenario...

Pivot (invalidation): 1571.50 Our preference Long positions above 1571.50 with targets at 1578.00 & 1581.00 in extension. Alternative scenario...