Jiming Huang / Profile

Yesterday central banks' schedule was quite packed. Starting with the Turkish central bank decision to raise interest rates to 24%, a rise of 625 bps, while investors were expecting that the CBTR would target 21...

Even though central banks’ meetings took centre stage yesterday, investors were also keeping an eye on key economic data from the US. The August inflation report was released yesterday and came in slightly below market expectations. Headline inflation eased to 2.7%y/y versus forecast of 2...

Pivot (invalidation): 69.30 Our preference Short positions below 69.30 with targets at 68.35 & 68.00 in extension. Alternative scenario Above 69.30 look for further upside with 69.75 & 70.15 as targets...

Pivot (invalidation): 14.1300 Our preference Long positions above 14.1300 with targets at 14.2800 & 14.3500 in extension. Alternative scenario Below 14.1300 look for further downside with 14.0600 & 13.9900 as targets...

Pivot (invalidation): 1200.00 Our preference Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension. Alternative scenario Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets...

Pivot (invalidation): 2892.00 Our preference Long positions above 2892.00 with targets at 2916.75 & 2925.00 in extension. Alternative scenario Below 2892.00 look for further downside with 2880.00 & 2866.00 as targets...

Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12130.00 & 12210.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11880.00 & 11800.00 as targets...

Pivot (invalidation): 6.1900 Our preference Short positions below 6.1900 with targets at 6.0650 & 6.0010 in extension. Alternative scenario Above 6.1900 look for further upside with 6.2460 & 6.3300 as targets...

Pivot (invalidation): 0.7175 Our preference Long positions above 0.7175 with targets at 0.7200 & 0.7230 in extension. Alternative scenario Below 0.7175 look for further downside with 0.7155 & 0.7130 as targets...

Pivot (invalidation): 1.3020 Our preference Short positions below 1.3020 with targets at 1.2970 & 1.2935 in extension. Alternative scenario Above 1.3020 look for further upside with 1.3045 & 1.3075 as targets...

Pivot (invalidation): 0.9665 Our preference Short positions below 0.9665 with targets at 0.9625 & 0.9600 in extension. Alternative scenario Above 0.9665 look for further upside with 0.9685 & 0.9705 as targets...

Pivot (invalidation): 111.75 Our preference Long positions above 111.75 with targets at 112.10 & 112.35 in extension. Alternative scenario Below 111.75 look for further downside with 111.50 & 111.35 as targets...

Pivot (invalidation): 1.3085 Our preference Long positions above 1.3085 with targets at 1.3135 & 1.3165 in extension. Alternative scenario Below 1.3085 look for further downside with 1.3055 & 1.3030 as targets...

Pivot (invalidation): 1.1665 Our preference Long positions above 1.1665 with targets at 1.1715 & 1.1735 in extension. Alternative scenario Below 1.1665 look for further downside with 1.1645 & 1.1610 as targets...

Crude oil is in full hesitation. Multiple events colliding, putting traders in a difficult situation. In June US inventories fell to a 2-year low and supply risks from both Venezuela and Iran boosted prices. But the trend is reversing...

Today will see action by the Central Bank of Turkey, expected to increase the one-week repo rate by 3.25% to 21%. Any smaller increase would trigger another sell-off in the Turkish lira, which could bring USD/TRY back above 7.0. After falling 1.35% yesterday, USD/TRY edged higher to 6...

Pivot (invalidation): 70.50 Our preference Short positions below 70.50 with targets at 69.15 & 68.70 in extension. Alternative scenario Above 70.50 look for further upside with 70.90 & 71.25 as targets...

Pivot (invalidation): 14.1500 Our preference Long positions above 14.1500 with targets at 14.3000 & 14.3800 in extension. Alternative scenario Below 14.1500 look for further downside with 14.0600 & 13.9900 as targets...

Pivot (invalidation): 1202.25 Our preference Long positions above 1202.25 with targets at 1208.50 & 1212.50 in extension. Alternative scenario Below 1202.25 look for further downside with 1198.00 & 1192.50 as targets...

Pivot (invalidation): 2880.00 Our preference Long positions above 2880.00 with targets at 2898.00 & 2911.00 in extension. Alternative scenario Below 2880.00 look for further downside with 2866.00 & 2854.00 as targets...