Jiming Huang / Profile

Strong economic data sent US yields higher across the board. 10-year treasuries surged to 3.225%, adding 0.12% overnight. USD bulls charged, bidding up the greenback versus developed and developing currencies alike. Worries of a slowdown trade tensions were nowhere to be found...

Pivot (invalidation): 75.60 Our preference Long positions above 75.60 with targets at 76.90 & 77.30 in extension. Alternative scenario Below 75.60 look for further downside with 74.90 & 74.25 as targets...

Pivot (invalidation): 14.7100 Our preference Short positions below 14.7100 with targets at 14.4200 & 14.3400 in extension. Alternative scenario Above 14.7100 look for further upside with 14.8200 & 14.9100 as targets...

Pivot (invalidation): 1202.00 Our preference Short positions below 1202.00 with targets at 1194.00 & 1189.00 in extension. Alternative scenario Above 1202.00 look for further upside with 1205.00 & 1208.00 as targets...

Pivot (invalidation): 2931.00 Our preference Short positions below 2931.00 with targets at 2917.75 & 2914.00 in extension. Alternative scenario Above 2931.00 look for further upside with 2937.50 & 2941.00 as targets...

Pivot (invalidation): 12337.00 Our preference Short positions below 12337.00 with targets at 12240.00 & 12190.00 in extension. Alternative scenario Above 12337.00 look for further upside with 12374.00 & 12420.00 as targets...

Pivot (invalidation): 6.0270 Our preference Long positions above 6.0270 with targets at 6.0900 & 6.1200 in extension. Alternative scenario Below 6.0270 look for further downside with 5.9920 & 5.9700 as targets...

Pivot (invalidation): 0.7125 Our preference Short positions below 0.7125 with targets at 0.7080 & 0.7035 in extension. Alternative scenario Above 0.7125 look for further upside with 0.7145 & 0.7160 as targets...

Pivot (invalidation): 1.2840 Our preference Long positions above 1.2840 with targets at 1.2900 & 1.2940 in extension. Alternative scenario Below 1.2840 look for further downside with 1.2810 & 1.2775 as targets...

Pivot (invalidation): 0.9885 Our preference Long positions above 0.9885 with targets at 0.9945 & 0.9970 in extension. Alternative scenario Below 0.9885 look for further downside with 0.9860 & 0.9830 as targets...

Pivot (invalidation): 114.00 Our preference Long positions above 114.00 with targets at 114.55 & 114.85 in extension. Alternative scenario Below 114.00 look for further downside with 113.70 & 113.50 as targets...

Pivot (invalidation): 1.2970 Our preference Short positions below 1.2970 with targets at 1.2890 & 1.2860 in extension. Alternative scenario Above 1.2970 look for further upside with 1.2995 & 1.3020 as targets...

Pivot (invalidation): 1.1515 Our preference Short positions below 1.1515 with targets at 1.1460 & 1.1410 in extension. Alternative scenario Above 1.1515 look for further upside with 1.1565 & 1.1595 as targets...

The Turkish lira took another hit on Wednesday amid disappointing inflation figures. Headline inflation measure broke another record in September as it climbed to 24.52%y/y, beating widely market’s estimate of 21.10% and up from 17.90% in August...

Market sat through a directionless market as no real issues took center stage. Global equities were mixed as movement was based on idiosyncratic events. Overall there remains a slightly bias to be risk off...

Pivot (invalidation): 74.90 Our preference Long positions above 74.90 with targets at 75.55 & 75.90 in extension. Alternative scenario Below 74.90 look for further downside with 74.25 & 73.65 as targets...

Pivot (invalidation): 14.6200 Our preference Long positions above 14.6200 with targets at 14.9000 & 15.0700 in extension. Alternative scenario Below 14.6200 look for further downside with 14.4500 & 14.3400 as targets...

Pivot (invalidation): 1201.00 Our preference Long positions above 1201.00 with targets at 1211.00 & 1217.00 in extension. Alternative scenario Below 1201.00 look for further downside with 1197.50 & 1194.00 as targets...

Pivot (invalidation): 2917.75 Our preference Long positions above 2917.75 with targets at 2931.00 & 2937.00 in extension. Alternative scenario Below 2917.75 look for further downside with 2914.00 & 2909.50 as targets...

Pivot (invalidation): 12312.00 Our preference Short positions below 12312.00 with targets at 12190.00 & 12152.00 in extension. Alternative scenario Above 12312.00 look for further upside with 12340.00 & 12374.00 as targets...