Jiming Huang / Profile

Although UK Prime Minister May survived a vote of no confidence yesterday, which boosted the cable 1.58%, the pound is still in negative territory week-to-date (-0.33%). The March 2019 Brexit deadline remains, and the UK parliament is likely to reject the current withdrawal agreement...

The European Central Bank’s monetary policy statement, to be published at 1.45 pm today, is expected not to change rates. It is expected to end Quantitative Easing, bond purchases of EUR 15 billion per month. Further tightening is unlikely, as the Eurozone outlook is distressed...

Pivot (invalidation): 51.95 Our preference Short positions below 51.95 with targets at 50.50 & 50.10 in extension. Alternative scenario Above 51.95 look for further upside with 52.80 & 53.30 as targets...

Pivot (invalidation): 14.6200 Our preference Long positions above 14.6200 with targets at 14.8300 & 14.9100 in extension. Alternative scenario Below 14.6200 look for further downside with 14.5200 & 14.4600 as targets...

Pivot (invalidation): 1241.75 Our preference Long positions above 1241.75 with targets at 1247.00 & 1249.00 in extension. Alternative scenario Below 1241.75 look for further downside with 1239.00 & 1236.00 as targets...

Pivot (invalidation): 2685.00 Our preference Short positions below 2685.00 with targets at 2623.00 & 2582.00 in extension. Alternative scenario Above 2685.00 look for further upside with 2708.00 & 2735.00 as targets...

Pivot (invalidation): 10850.00 Our preference Long positions above 10850.00 with targets at 11010.00 & 11078.00 in extension. Alternative scenario Below 10850.00 look for further downside with 10770.00 & 10680.00 as targets...

Pivot (invalidation): 5.3300 Our preference Long positions above 5.3300 with targets at 5.3700 & 5.4000 in extension. Alternative scenario Below 5.3300 look for further downside with 5.3050 & 5.2680 as targets...

Pivot (invalidation): 0.7210 Our preference Long positions above 0.7210 with targets at 0.7240 & 0.7255 in extension. Alternative scenario Below 0.7210 look for further downside with 0.7195 & 0.7180 as targets...

Pivot (invalidation): 1.3380 Our preference Short positions below 1.3380 with targets at 1.3320 & 1.3290 in extension. Alternative scenario Above 1.3380 look for further upside with 1.3420 & 1.3445 as targets...

Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9965 & 0.9990 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9890 & 0.9865 as targets...

Pivot (invalidation): 113.15 Our preference Long positions above 113.15 with targets at 113.70 & 113.85 in extension. Alternative scenario Below 113.15 look for further downside with 113.00 & 112.85 as targets...

Pivot (invalidation): 1.2585 Our preference Long positions above 1.2585 with targets at 1.2675 & 1.2720 in extension. Alternative scenario Below 1.2585 look for further downside with 1.2550 & 1.2520 as targets...

Pivot (invalidation): 1.1350 Our preference Long positions above 1.1350 with targets at 1.1380 & 1.1400 in extension. Alternative scenario Below 1.1350 look for further downside with 1.1325 & 1.1305 as targets...

Following Prime Minister Theresa May's postponement of the final vote on her Brexit deal on Tuesday, rebel members of the Tory party have now decided to challenge her leadership...

Hopes of a resolution to the US-China trade dispute appear brighter. US President Donald Trump's recent comment that talks with his Chinese counterparts are very productive, and the release of Huawei Technologies CFO Meng Wanzhou on bail, have given the markets some relief...

Pivot (invalidation): 51.40 Our preference Long positions above 51.40 with targets at 52.70 & 53.30 in extension. Alternative scenario Below 51.40 look for further downside with 50.50 & 50.10 as targets...

Pivot (invalidation): 14.6400 Our preference Short positions below 14.6400 with targets at 14.4900 & 14.4000 in extension. Alternative scenario Above 14.6400 look for further upside with 14.7200 & 14.8000 as targets...

Pivot (invalidation): 1247.50 Our preference Short positions below 1247.50 with targets at 1240.50 & 1237.50 in extension. Alternative scenario Above 1247.50 look for further upside with 1251.00 & 1253.00 as targets...

Pivot (invalidation): 2582.00 Our preference Long positions above 2582.00 with targets at 2682.00 & 2708.00 in extension. Alternative scenario Below 2582.00 look for further downside with 2555.00 & 2525.00 as targets...