Jiming Huang / Profile

Pivot (invalidation): 1.2830 Our preference Short positions below 1.2830 with targets at 1.2790 & 1.2775 in extension. Alternative scenario Above 1.2830 look for further upside with 1.2855 & 1.2875 as targets...

Pivot (invalidation): 1.1395 Our preference Short positions below 1.1395 with targets at 1.1365 & 1.1335 in extension. Alternative scenario Above 1.1395 look for further upside with 1.1420 & 1.1445 as targets...

It has been a slow start to the week in the FX market as most currency pairs were little changed during the Asian session. With the exception of the New Zealand dollar that rose 0.70% against the buck. NZD/USD jumped back to 0.6550, up 1.30% from yesterday’s low...

Following weaker PMI in manufacturing and composite (i.e...

Pivot (invalidation): 66.95 Our preference Long positions above 66.95 with targets at 68.50 & 68.90 in extension. Alternative scenario Below 66.95 look for further downside with 66.65 & 66.20 as targets...

Pivot (invalidation): 14.6400 Our preference Long positions above 14.6400 with targets at 14.7300 & 14.7800 in extension. Alternative scenario Below 14.6400 look for further downside with 14.5700 & 14.5200 as targets...

Pivot (invalidation): 1236.00 Our preference Short positions below 1236.00 with targets at 1231.50 & 1228.00 in extension. Alternative scenario Above 1236.00 look for further upside with 1240.00 & 1243.50 as targets...

Pivot (invalidation): 2692.00 Our preference Short positions below 2692.00 with targets at 2615.00 & 2590.00 in extension. Alternative scenario Above 2692.00 look for further upside with 2723.00 & 2755.00 as targets...

Pivot (invalidation): 11230.00 Our preference Short positions below 11230.00 with targets at 11050.00 & 10940.00 in extension. Alternative scenario Above 11230.00 look for further upside with 11305.00 & 11390.00 as targets...

Pivot (invalidation): 5.6080 Our preference Short positions below 5.6080 with targets at 5.5580 & 5.5260 in extension. Alternative scenario Above 5.6080 look for further upside with 5.6550 & 5.7050 as targets...

Pivot (invalidation): 0.7075 Our preference Long positions above 0.7075 with targets at 0.7125 & 0.7150 in extension. Alternative scenario Below 0.7075 look for further downside with 0.7055 & 0.7035 as targets...

Pivot (invalidation): 1.3120 Our preference Short positions below 1.3120 with targets at 1.3065 & 1.3035 in extension. Alternative scenario Above 1.3120 look for further upside with 1.3155 & 1.3185 as targets...

Pivot (invalidation): 0.9995 Our preference Short positions below 0.9995 with targets at 0.9960 & 0.9940 in extension. Alternative scenario Above 0.9995 look for further upside with 1.0010 & 1.0025 as targets...

Pivot (invalidation): 111.70 Our preference Long positions above 111.70 with targets at 112.10 & 112.40 in extension. Alternative scenario Below 111.70 look for further downside with 111.35 & 111.00 as targets...

Pivot (invalidation): 1.2810 Our preference Long positions above 1.2810 with targets at 1.2865 & 1.2895 in extension. Alternative scenario Below 1.2810 look for further downside with 1.2775 & 1.2750 as targets...

Pivot (invalidation): 1.1380 Our preference Long positions above 1.1380 with targets at 1.1420 & 1.1445 in extension. Alternative scenario Below 1.1380 look for further downside with 1.1355 & 1.1335 as targets...

The appointment of Tito Mboweni, former SARB Governor two weeks ago was a welcome message for investors. However key challenges remain. Although his rapid role taking, Tito Mboweni struggled convincing investors during the mini budget meeting on Wednesday as the outlook appeared gloomy...

At yesterday’s MPC, ECB President Mario Draghi maintained the policy unchanged and the end of the QE program by year-end, as expected. A rise in the key rate is not expected before next autumn...

Pivot (invalidation): 67.35 Our preference Short positions below 67.35 with targets at 66.10 & 65.75 in extension. Alternative scenario Above 67.35 look for further upside with 67.70 & 68.30 as targets...

Pivot (invalidation): 14.6500 Our preference Short positions below 14.6500 with targets at 14.5700 & 14.4900 in extension. Alternative scenario Above 14.6500 look for further upside with 14.6900 & 14.7700 as targets...