Jiming Huang / Profile

Pivot (invalidation): 0.9895 Our preference Short positions below 0.9895 with targets at 0.9850 & 0.9820 in extension. Alternative scenario Above 0.9895 look for further upside with 0.9920 & 0.9935 as targets...

Pivot (invalidation): 112.50 Our preference Short positions below 112.50 with targets at 111.85 & 111.55 in extension. Alternative scenario Above 112.50 look for further upside with 112.85 & 113.30 as targets...

Pivot (invalidation): 1.3175 Our preference Long positions above 1.3175 with targets at 1.3265 & 1.3300 in extension. Alternative scenario Below 1.3175 look for further downside with 1.3130 & 1.3100 as targets...

Pivot (invalidation): 1.1530 Our preference Long positions above 1.1530 with targets at 1.1580 & 1.1600 in extension. Alternative scenario Below 1.1530 look for further downside with 1.1515 & 1.1485 as targets...

The South African rand is still under pressure. Economic growth remains sluggish, while inflation continues to overshoot a target of 3-6...

The single currency has been unable to reverse the greenback’s strong momentum yet. EUR/USD is stuck below the 1.15 threshold, as investors remain worried about the potential negative outcome of the clash between Italy and the EU regarding the Italian budget...

Pivot (invalidation): 74.25 Our preference Long positions above 74.25 with targets at 75.30 & 75.60 in extension. Alternative scenario Below 74.25 look for further downside with 73.70 & 73.05 as targets...

Pivot (invalidation): 14.2500 Our preference Long positions above 14.2500 with targets at 14.4900 & 14.5600 in extension. Alternative scenario Below 14.2500 look for further downside with 14.1500 & 14.0500 as targets...

Pivot (invalidation): 1185.00 Our preference Long positions above 1185.00 with targets at 1192.00 & 1195.00 in extension. Alternative scenario Below 1185.00 look for further downside with 1180.50 & 1176.50 as targets...

Pivot (invalidation): 2871.00 Our preference Long positions above 2871.00 with targets at 2895.50 & 2904.00 in extension. Alternative scenario Below 2871.00 look for further downside with 2862.00 & 2854.00 as targets...

Pivot (invalidation): 11875.00 Our preference Long positions above 11875.00 with targets at 12050.00 & 12100.00 in extension. Alternative scenario Below 11875.00 look for further downside with 11800.00 & 11730.00 as targets...

Pivot (invalidation): 6.1180 Our preference Short positions below 6.1180 with targets at 6.0850 & 6.0590 in extension. Alternative scenario Above 6.1180 look for further upside with 6.1575 & 6.1930 as targets...

Pivot (invalidation): 0.7090 Our preference Long positions above 0.7090 with targets at 0.7130 & 0.7160 in extension. Alternative scenario Below 0.7090 look for further downside with 0.7070 & 0.7050 as targets...

Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2910 & 1.2885 in extension. Alternative scenario Above 1.2965 look for further upside with 1.3005 & 1.3030 as targets...

Pivot (invalidation): 0.9930 Our preference Short positions below 0.9930 with targets at 0.9890 & 0.9865 in extension. Alternative scenario Above 0.9930 look for further upside with 0.9955 & 0.9970 as targets...

Pivot (invalidation): 113.20 Our preference Short positions below 113.20 with targets at 112.80 & 112.55 in extension. Alternative scenario Above 113.20 look for further upside with 113.40 & 113.55 as targets...

Pivot (invalidation): 1.3125 Our preference Long positions above 1.3125 with targets at 1.3170 & 1.3210 in extension. Alternative scenario Below 1.3125 look for further downside with 1.3100 & 1.3070 as targets...

Pivot (invalidation): 1.1485 Our preference Long positions above 1.1485 with targets at 1.1530 & 1.1550 in extension. Alternative scenario Below 1.1485 look for further downside with 1.1470 & 1.1445 as targets...

As US sanctions against Iran crude exports are approaching, exports from the Islamic Republic are slowing down...

Markets are nervously watching US rates. 10-year yields are now at 3.25% (climbing over 80 bps in a month) with little sight of weakening. 2-year yields are stuck around 2.87%. The economy is growing at 3.2-3.5% with no real loss of momentum...