Jiming Huang / Profile

Pivot (invalidation): 112.90 Our preference Short positions below 112.90 with targets at 112.60 & 112.45 in extension. Alternative scenario Above 112.90 look for further upside with 113.05 & 113.15 as targets...

Pivot (invalidation): 1.3180 Our preference Short positions below 1.3180 with targets at 1.3125 & 1.3100 in extension. Alternative scenario Above 1.3180 look for further upside with 1.3220 & 1.3255 as targets...

Pivot (invalidation): 1.1725 Our preference Long positions above 1.1725 with targets at 1.1775 & 1.1795 in extension. Alternative scenario Below 1.1725 look for further downside with 1.1710 & 1.1690 as targets...

What would the Fed do – i.e. the US Federal Reserve in its monetary policy meeting that ends later today? Yesterday US consumer confidence came in at a 5-year high, driving hopes that GDP will sustain its current rate of acceleration...

Is Angela Merkel seeing the beginning of the end of her long run as German Chancellor? Yesterday’s vote for her party’s parliamentary head suggests as much. The Christian Union parties unexpectedly dumped Volker Kauder, a close Merkel ally, and instead elected Ralph Brinkhaus...

Pivot (invalidation): 71.80 Our preference Long positions above 71.80 with targets at 72.40 & 72.80 in extension. Alternative scenario Below 71.80 look for further downside with 71.35 & 70.90 as targets...

Pivot (invalidation): 14.3600 Our preference Long positions above 14.3600 with targets at 14.5600 & 14.6500 in extension. Alternative scenario Below 14.3600 look for further downside with 14.2700 & 14.2000 as targets...

Pivot (invalidation): 1198.00 Our preference Long positions above 1198.00 with targets at 1204.00 & 1207.50 in extension. Alternative scenario Below 1198.00 look for further downside with 1194.00 & 1191.50 as targets...

Pivot (invalidation): 2912.25 Our preference Long positions above 2912.25 with targets at 2927.00 & 2941.00 in extension. Alternative scenario Below 2912.25 look for further downside with 2904.00 & 2893.00 as targets...

Pivot (invalidation): 12415.00 Our preference Short positions below 12415.00 with targets at 12300.00 & 12240.00 in extension. Alternative scenario Above 12415.00 look for further upside with 12460.00 & 12530.00 as targets...

Pivot (invalidation): 6.1495 Our preference Long positions above 6.1495 with targets at 6.2015 & 6.2390 in extension. Alternative scenario Below 6.1495 look for further downside with 6.1170 & 6.0665 as targets...

Pivot (invalidation): 0.7260 Our preference Long positions above 0.7260 with targets at 0.7290 & 0.7305 in extension. Alternative scenario Below 0.7260 look for further downside with 0.7245 & 0.7235 as targets...

Pivot (invalidation): 1.2965 Our preference Short positions below 1.2965 with targets at 1.2930 & 1.2915 in extension. Alternative scenario Above 1.2965 look for further upside with 1.2985 & 1.3000 as targets...

Pivot (invalidation): 0.9655 Our preference Short positions below 0.9655 with targets at 0.9635 & 0.9605 in extension. Alternative scenario Above 0.9655 look for further upside with 0.9670 & 0.9680 as targets...

Pivot (invalidation): 112.80 Our preference Long positions above 112.80 with targets at 113.00 & 113.15 in extension. Alternative scenario Below 112.80 look for further downside with 112.65 & 112.50 as targets...

Pivot (invalidation): 1.3155 Our preference Long positions above 1.3155 with targets at 1.3195 & 1.3225 in extension. Alternative scenario Below 1.3155 look for further downside with 1.3125 & 1.3100 as targets...

Pivot (invalidation): 1.1755 Our preference Long positions above 1.1755 with targets at 1.1775 & 1.1795 in extension. Alternative scenario Below 1.1755 look for further downside with 1.1730 & 1.1710 as targets...

Budget talks in Rome end on Thursday, and there is risk that it could exceed investors’ expectations, putting additional pressure on the Euro. Early September estimates were 1.50% of GDP; recent estimates are 2% - still below the EU’s 3% limit...

Tightening supply is pushing oil prices higher. The USA has sanctioned Iranian crude exports, while at home capacity constraints and pipeline bottlenecks are tightening, and inventories have hit their lowest level since 2015. This, despite US crude production reaching an all-time high June...

Pivot (invalidation): 71.65 Our preference Long positions above 71.65 with targets at 72.75 & 73.10 in extension. Alternative scenario Below 71.65 look for further downside with 70.90 & 70.50 as targets...