Jiming Huang / Profile

Pivot (invalidation): 1.1595 Our preference Short positions below 1.1595 with targets at 1.1560 & 1.1540 in extension. Alternative scenario Above 1.1595 look for further upside with 1.1620 & 1.1650 as targets...

We anticipate the sterling will see further selling heading into late October. Over the weekend, Boris Johnson attacked Prime Minister Theresa May's Chequers plan calling it "deranged' and "entirely preposterous”. The vicious attack indicated how divisive the subject remains...

Slow start to trading this Monday. EUR/USD dipped to 1.1574 as markets digested the weekend news flow around Brexit, soft EU CPI (Consumer Price Index) and the Italian budget. On Friday, Italian yields rose to a multi-year high of 3.20%, pressing the Euro lower...

Pivot (invalidation): 6960 Our preference Long positions above 6960 with targets at 7235 & 7345 in extension. Alternative scenario Below 6960 look for further downside with 6875 & 6725 as targets...

Pivot (invalidation): 69.00 Our preference Short positions below 69.00 with targets at 68.10 & 67.80 in extension. Alternative scenario Above 69.00 look for further upside with 69.30 & 69.65 as targets...

Pivot (invalidation): 14.8600 Our preference Short positions below 14.8600 with targets at 14.6000 & 14.5100 in extension. Alternative scenario Above 14.8600 look for further upside with 15.0000 & 15.0700 as targets...

Pivot (invalidation): 1208.00 Our preference Short positions below 1208.00 with targets at 1196.50 & 1192.50 in extension. Alternative scenario Above 1208.00 look for further upside with 1214.00 & 1217.00 as targets...

Pivot (invalidation): 1.1435 Our preference Short positions below 1.1435 with targets at 1.1405 & 1.1385 in extension. Alternative scenario Above 1.1435 look for further upside with 1.1450 & 1.1470 as targets...

Pivot (invalidation): 0.9070 Our preference Long positions above 0.9070 with targets at 0.9100 & 0.9120 in extension. Alternative scenario Below 0.9070 look for further downside with 0.9050 & 0.9035 as targets...

Pivot (invalidation): 0.7320 Our preference Long positions above 0.7320 with targets at 0.7365 & 0.7385 in extension. Alternative scenario Below 0.7320 look for further downside with 0.7305 & 0.7285 as targets...

Pivot (invalidation): 1.2945 Our preference Short positions below 1.2945 with targets at 1.2885 & 1.2855 in extension. Alternative scenario Above 1.2945 look for further upside with 1.2985 & 1.3005 as targets...

Pivot (invalidation): 0.9785 Our preference Short positions below 0.9785 with targets at 0.9740 & 0.9725 in extension. Alternative scenario Above 0.9785 look for further upside with 0.9815 & 0.9835 as targets...

Pivot (invalidation): 111.10 Our preference Long positions above 111.10 with targets at 111.35 & 111.50 in extension. Alternative scenario Below 111.10 look for further downside with 110.95 & 110.70 as targets...

Pivot (invalidation): 1.2885 Our preference Short positions below 1.2885 with targets at 1.2850 & 1.2830 in extension. Alternative scenario Above 1.2885 look for further upside with 1.2910 & 1.2935 as targets...

Pivot (invalidation): 1.1680 Our preference Long positions above 1.1680 with targets at 1.1710 & 1.1730 in extension. Alternative scenario Below 1.1680 look for further downside with 1.1655 & 1.1630 as targets...

Crude oil is about to end another week in green, as a barrel of West Texas Intermediate rose as high as $72.78. Despite anticipations of tighter supply, thanks to Iran sanctions and shrinking output in Venezuela, crude prices have tread water since Tuesday. The $71.45 – $72...

Concern over Italy’s budget are overwrought. The government in Rome has passed a budget with a 2.4% deficit relative to GDP – slightly higher than expected, considerably higher than 1.6%-1.8% recommended. Euro Stoxx 50 are lower while EUR/USD has fallen 1.40% to 1.1620...

Pivot (invalidation): 72.50 Our preference Short positions below 72.50 with targets at 71.70 & 71.45 in extension. Alternative scenario Above 72.50 look for further upside with 72.80 & 73.20 as targets...

Pivot (invalidation): 14.3000 Our preference Short positions below 14.3000 with targets at 14.2000 & 14.1500 in extension. Alternative scenario Above 14.3000 look for further upside with 14.3800 & 14.4500 as targets...

Pivot (invalidation): 1188.00 Our preference Short positions below 1188.00 with targets at 1182.00 & 1176.00 in extension. Alternative scenario Above 1188.00 look for further upside with 1191.50 & 1194.00 as targets...