Jiming Huang / Profile

Hurdles remain, but it looks like a Sino-American trade deal is on the way. China is offering reduction of restrictions, including tariffs on food, chemical and autos while the USA is reconsidering its sanctions on Chinese products in place since last year...

Pivot (invalidation): 56.45 Our preference Short positions below 56.45 with targets at 55.55 & 55.25 in extension. Alternative scenario Above 56.45 look for further upside with 56.85 & 57.25 as targets...

Pivot (invalidation): 15.3900 Our preference Short positions below 15.3900 with targets at 15.1100 & 14.9200 in extension. Alternative scenario Above 15.3900 look for further upside with 15.5000 & 15.6200 as targets...

Pivot (invalidation): 1304.00 Our preference Short positions below 1304.00 with targets at 1290.00 & 1286.00 in extension. Alternative scenario Above 1304.00 look for further upside with 1312.50 & 1317.00 as targets...

Pivot (invalidation): 2782.00 Our preference Long positions above 2782.00 with targets at 2816.50 & 2830.00 in extension. Alternative scenario Below 2782.00 look for further downside with 2764.00 & 2750.00 as targets...

Pivot (invalidation): 11512.00 Our preference Long positions above 11512.00 with targets at 11670.00 & 11720.00 in extension. Alternative scenario Below 11512.00 look for further downside with 11458.00 & 11415.00 as targets...

Pivot (invalidation): 5.3810 Our preference Short positions below 5.3810 with targets at 5.3610 & 5.3430 in extension. Alternative scenario Above 5.3810 look for further upside with 5.3930 & 5.4050 as targets...

Pivot (invalidation): 0.7105 Our preference Short positions below 0.7105 with targets at 0.7065 & 0.7050 in extension. Alternative scenario Above 0.7105 look for further upside with 0.7125 & 0.7145 as targets...

Pivot (invalidation): 1.3240 Our preference Long positions above 1.3240 with targets at 1.3310 & 1.3350 in extension. Alternative scenario Below 1.3240 look for further downside with 1.3205 & 1.3175 as targets...

Pivot (invalidation): 0.9975 Our preference Long positions above 0.9975 with targets at 1.0010 & 1.0025 in extension. Alternative scenario Below 0.9975 look for further downside with 0.9960 & 0.9945 as targets...

Pivot (invalidation): 111.60 Our preference Long positions above 111.60 with targets at 112.25 & 112.50 in extension. Alternative scenario Below 111.60 look for further downside with 111.30 & 111.05 as targets...

Pivot (invalidation): 1.3200 Our preference Long positions above 1.3200 with targets at 1.3285 & 1.3320 in extension. Alternative scenario Below 1.3200 look for further downside with 1.3170 & 1.3140 as targets...

Pivot (invalidation): 1.1390 Our preference Short positions below 1.1390 with targets at 1.1350 & 1.1335 in extension. Alternative scenario Above 1.1390 look for further upside with 1.1410 & 1.1420 as targets...

The European economy still faces weakening dynamics...

Asian stocks were higher across the board Friday as the MSC Index said it would increase weightings of Chinese mainland shares in its EM index, which is followed by over USD 2 trillion of assets. This is a meaningful shift: EM stocks and FX responds to flows...

Recent developments have shifted the US back into « goldilocks » conditions for stock prices. Historically, stocks rally in environments with: 1) weak inflation trend 2) low interest rates 3) stable monetary policy 4) solid economic growth and 5) improved outlook for corporate earnings growth...

Asian stocks were higher across the board today as the MSC Index said it would increase weightings of Chinese mainland shares in its EM index, which is followed by over USD 2 trillion of assets. This is a meaningful shift: EM stocks and FX responds to flows...

The Bank of Japan says that inflation is accelerating and does not need expansive monetary policy, but the economy is expected to weaken further. GDP growth was 0% for 2018, including a contraction of -2.60% in Q3. Momentum is fading: the manufacturing PMI fell for the first time in 2.5 years...

Pivot (invalidation): 56.85 Our preference Long positions above 56.85 with targets at 57.80 & 58.60 in extension. Alternative scenario Below 56.85 look for further downside with 56.40 & 56.05 as targets...

Pivot (invalidation): 15.7200 Our preference Short positions below 15.7200 with targets at 15.4700 & 15.4000 in extension. Alternative scenario Above 15.7200 look for further upside with 15.8300 & 15.9100 as targets...