Jiming Huang / Profile

This week FX volatility faded further, credit spread tightened while US stocks headed towards 2900. Major central banks issued warning and IMF reduced outlook. Normalization is now a thing of the past for the G10...

Pivot (invalidation): 64.00 Our preference Short positions below 64.00 with targets at 63.30 & 63.15 in extension. Alternative scenario Above 64.00 look for further upside with 64.30 & 64.65 as targets...

Pivot (invalidation): 15.0000 Our preference Short positions below 15.0000 with targets at 14.8800 & 14.8000 in extension. Alternative scenario Above 15.0000 look for further upside with 15.0800 & 15.1500 as targets...

Pivot (invalidation): 1295.00 Our preference Short positions below 1295.00 with targets at 1289.50 & 1286.50 in extension. Alternative scenario Above 1295.00 look for further upside with 1300.00 & 1303.50 as targets...

Pivot (invalidation): 2896.00 Our preference Short positions below 2896.00 with targets at 2869.00 & 2859.25 in extension. Alternative scenario Above 2896.00 look for further upside with 2909.50 & 2920.00 as targets...

Pivot (invalidation): 11850.00 Our preference Long positions above 11850.00 with targets at 12010.00 & 12080.00 in extension. Alternative scenario Below 11850.00 look for further downside with 11794.00 & 11753.00 as targets...

Pivot (invalidation): 5.7200 Our preference Long positions above 5.7200 with targets at 5.7550 & 5.7750 in extension. Alternative scenario Below 5.7200 look for further downside with 5.7000 & 5.6730 as targets...

Pivot (invalidation): 0.7135 Our preference Short positions below 0.7135 with targets at 0.7110 & 0.7090 in extension. Alternative scenario Above 0.7135 look for further upside with 0.7150 & 0.7165 as targets...

Pivot (invalidation): 1.3355 Our preference Long positions above 1.3355 with targets at 1.3390 & 1.3405 in extension. Alternative scenario Below 1.3355 look for further downside with 1.3335 & 1.3310 as targets...

Pivot (invalidation): 1.0010 Our preference Long positions above 1.0010 with targets at 1.0045 & 1.0060 in extension. Alternative scenario Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets...

Pivot (invalidation): 111.50 Our preference Long positions above 111.50 with targets at 111.80 & 112.00 in extension. Alternative scenario Below 111.50 look for further downside with 111.35 & 111.15 as targets...

Pivot (invalidation): 1.3050 Our preference Long positions above 1.3050 with targets at 1.3090 & 1.3110 in extension. Alternative scenario Below 1.3050 look for further downside with 1.3030 & 1.3005 as targets...

Pivot (invalidation): 1.1270 Our preference Long positions above 1.1270 with targets at 1.1300 & 1.1315 in extension. Alternative scenario Below 1.1270 look for further downside with 1.1250 & 1.1235 as targets...

The ECB monetary policy meeting followed by Fed Minutes left investors rather confused as to where both economies are heading...

Pivot (invalidation): 64.15 Our preference Long positions above 64.15 with targets at 64.75 & 65.20 in extension. Alternative scenario Below 64.15 look for further downside with 63.85 & 63.70 as targets...

Pivot (invalidation): 15.1400 Our preference Long positions above 15.1400 with targets at 15.2900 & 15.3400 in extension. Alternative scenario Below 15.1400 look for further downside with 15.0700 & 15.0000 as targets...

Pivot (invalidation): 1304.50 Our preference Long positions above 1304.50 with targets at 1310.50 & 1314.00 in extension. Alternative scenario Below 1304.50 look for further downside with 1301.00 & 1297.00 as targets...

Pivot (invalidation): 2875.25 Our preference Long positions above 2875.25 with targets at 2896.00 & 2909.50 in extension. Alternative scenario Below 2875.25 look for further downside with 2869.00 & 2859.25 as targets...

Pivot (invalidation): 11850.00 Our preference Long positions above 11850.00 with targets at 11950.00 & 11990.00 in extension. Alternative scenario Below 11850.00 look for further downside with 11790.00 & 11750.00 as targets...

Pivot (invalidation): 5.7000 Our preference Short positions below 5.7000 with targets at 5.6520 & 5.6280 in extension. Alternative scenario Above 5.7000 look for further upside with 5.7200 & 5.7400 as targets...