Jiming Huang / Profile

Pivot (invalidation): 1.2495 Our preference Short positions below 1.2495 with targets at 1.2460 & 1.2435 in extension. Alternative scenario...

Pivot (invalidation): 1.1010 Our preference Long positions above 1.1010 with targets at 1.1040 & 1.1055 in extension. Alternative scenario...

A historic full vote in the U.S. House of Representatives that might changes the US cannabis industry forever will happen later this month. House Majority Leader Steny Hoyer, a Maryland Democrat, plans to put the SAFE Banking Act to a vote before the end of September...

Risk appetite is slightly elevated, but volumes are low, after absorbing a slew of central bank policy meetings. Yesterday, Swiss National Banks, Bank of England and Bank of Japan all held policy unchanged...

The statement made by the BoE has a rather muted impact on financial markets as most market reaction is mainly driven by Brexit headlines...

Pivot (invalidation): 58.10 Our preference Long positions above 58.10 with targets at 59.50 & 60.05 in extension...

Pivot (invalidation): 17.7300 Our preference Long positions above 17.7300 with targets at 18.0000 & 18.0900 in extension. Alternative scenario...

Pivot (invalidation): 1496.00 Our preference Long positions above 1496.00 with targets at 1507.00 & 1511.50 in extension. Alternative scenario...

Pivot (invalidation): 3000.00 Our preference Long positions above 3000.00 with targets at 3022.00 & 3045.00 in extension. Alternative scenario...

Pivot (invalidation): 12380.00 Our preference Long positions above 12380.00 with targets at 12510.00 & 12580.00 in extension. Alternative scenario...

Pivot (invalidation): 5.7040 Our preference Long positions above 5.7040 with targets at 5.7270 & 5.7400 in extension. Alternative scenario...

Pivot (invalidation): 0.6810 Our preference Short positions below 0.6810 with targets at 0.6775 & 0.6760 in extension. Alternative scenario...

Pivot (invalidation): 1.3275 Our preference Short positions below 1.3275 with targets at 1.3250 & 1.3235 in extension. Alternative scenario...

Pivot (invalidation): 0.9940 Our preference Short positions below 0.9940 with targets at 0.9890 & 0.9870 in extension. Alternative scenario...

Pivot (invalidation): 108.10 Our preference Short positions below 108.10 with targets at 107.75 & 107.65 in extension. Alternative scenario...

Pivot (invalidation): 1.2520 Our preference Long positions above 1.2520 with targets at 1.2580 & 1.2600 in extension. Alternative scenario...

Pivot (invalidation): 1.1040 Our preference Long positions above 1.1040 with targets at 1.1075 & 1.1085 in extension. Alternative scenario...

It seems that market participants have been left unimpressed by the statement of the Bank of Japan, pushing the demand for JPY higher. Without much surprise, the BoJ has kept its short- and long-term interest rates at 0...

As we had expected the SNB held policy rate at -0.75% and reiterated wiliness to intervene in FX markets for benefit of the overvalued franc...

Pivot (invalidation): 58.90 Our preference Short positions below 58.90 with targets at 57.65 & 57.20 in extension. Alternative scenario...