Jiming Huang / Profile

Pivot (invalidation): 1.1415 Our preference Long positions above 1.1415 with targets at 1.1450 & 1.1480 in extension. Alternative scenario Below 1.1415 look for further downside with 1.1390 & 1.1370 as targets...

In the UK, the House of Commons votes today on a second version of the Brexit deal. By most accounts it will also be rejected. Brexit fatigue is setting in. The high probability trade is of a compromise, resulting in a softer Brexit...

Markets seems less concerned with EUR/GBP and GBP/USD as 1-month volatility remains low. The European Central Bank is cautious, expected to launch new liquidity facility. While it is not directly focused on Brexit risk, it does help backstop overall European risk...

Despite a 2018 that included trade sanction escalations, a sharp drop in emerging currencies, fears of a global economic slowdown and a hawkish Fed, Swiss exports reached CHF 233.1 billion (+5.70%), a new record and the highest percentage gain since 2010...

Pivot (invalidation): 52.60 Our preference Short positions below 52.60 with targets at 51.65 & 51.30 in extension. Alternative scenario Above 52.60 look for further upside with 52.85 & 53.10 as targets...

Pivot (invalidation): 15.6200 Our preference Long positions above 15.6200 with targets at 15.8100 & 15.9300 in extension. Alternative scenario Below 15.6200 look for further downside with 15.5500 & 15.4700 as targets...

Pivot (invalidation): 1297.50 Our preference Long positions above 1297.50 with targets at 1309.50 & 1314.00 in extension. Alternative scenario Below 1297.50 look for further downside with 1293.50 & 1290.50 as targets...

Pivot (invalidation): 2661.50 Our preference Short positions below 2661.50 with targets at 2626.00 & 2613.00 in extension. Alternative scenario Above 2661.50 look for further upside with 2676.00 & 2695.00 as targets...

Pivot (invalidation): 11280.00 Our preference Short positions below 11280.00 with targets at 11130.00 & 11090.00 in extension. Alternative scenario Above 11280.00 look for further upside with 11330.00 & 11390.00 as targets...

Pivot (invalidation): 5.3070 Our preference Long positions above 5.3070 with targets at 5.3450 & 5.3560 in extension. Alternative scenario Below 5.3070 look for further downside with 5.2900 & 5.2690 as targets...

Pivot (invalidation): 0.7175 Our preference Short positions below 0.7175 with targets at 0.7140 & 0.7120 in extension. Alternative scenario Above 0.7175 look for further upside with 0.7200 & 0.7220 as targets...

Pivot (invalidation): 1.3240 Our preference Long positions above 1.3240 with targets at 1.3285 & 1.3310 in extension. Alternative scenario Below 1.3240 look for further downside with 1.3220 & 1.3200 as targets...

Pivot (invalidation): 0.9935 Our preference Short positions below 0.9935 with targets at 0.9900 & 0.9885 in extension. Alternative scenario Above 0.9935 look for further upside with 0.9955 & 0.9975 as targets...

Pivot (invalidation): 109.40 Our preference Short positions below 109.40 with targets at 109.10 & 108.90 in extension. Alternative scenario Above 109.40 look for further upside with 109.55 & 109.70 as targets...

Pivot (invalidation): 1.3185 Our preference Short positions below 1.3185 with targets at 1.3135 & 1.3090 in extension. Alternative scenario Above 1.3185 look for further upside with 1.3220 & 1.3260 as targets...

Pivot (invalidation): 1.1405 Our preference Long positions above 1.1405 with targets at 1.1455 & 1.1485 in extension. Alternative scenario Below 1.1405 look for further downside with 1.1390 & 1.1370 as targets...

Sentiment is weak today, as investors wait on sales forecasts for 2019. Attention will be on European Central Bank President Mario Draghi’s speech before the European Parliament. Following last week’s ECB meeting, Draghi will likely not provide new information...

It’s such a mess that even the apolitical Queen Elisabeth has weighed in, asking her kingdom to “seek out common ground and grasp the big picture.” A second Withdrawal Agreement (i.e. Brexit), not fundamentally different to the first, will be proposed on Tuesday...

Pivot (invalidation): 53.80 Our preference Short positions below 53.80 with targets at 52.90 & 52.55 in extension. Alternative scenario Above 53.80 look for further upside with 54.15 & 54.50 as targets...

Pivot (invalidation): 15.6900 Our preference Long positions above 15.6900 with targets at 15.8700 & 15.9800 in extension. Alternative scenario Below 15.6900 look for further downside with 15.6200 & 15.5500 as targets...