Jiming Huang / Profile

Pivot (invalidation): 111.55 Our preference Short positions below 111.55 with targets at 111.20 & 111.00 in extension. Alternative scenario Above 111.55 look for further upside with 111.75 & 112.00 as targets...

Pivot (invalidation): 1.2870 Our preference Long positions above 1.2870 with targets at 1.2950 & 1.2985 in extension. Alternative scenario Below 1.2870 look for further downside with 1.2840 & 1.2805 as targets...

Pivot (invalidation): 1.1615 Our preference Long positions above 1.1615 with targets at 1.1675 & 1.1690 in extension. Alternative scenario Below 1.1615 look for further downside with 1.1595 & 1.1570 as targets...

NAFTA trade talks between the US and Canada are resuming today – and this certainly not expected to be a quick resolution period...

Emerging market currencies and world equities suffered another sell-off yesterday as investors remained worried that the crisis in Turkey and Argentina could spread to other vulnerable emerging market economies...

Pivot (invalidation): 69.85 Our preference Short positions below 69.85 with targets at 69.10 & 68.80 in extension. Alternative scenario Above 69.85 look for further upside with 70.40 & 70.65 as targets...

Pivot (invalidation): 14.2500 Our preference Short positions below 14.2500 with targets at 14.0600 & 13.9800 in extension. Alternative scenario Above 14.2500 look for further upside with 14.3700 & 14.5300 as targets...

Pivot (invalidation): 1196.50 Our preference Short positions below 1196.50 with targets at 1189.50 & 1187.00 in extension. Alternative scenario Above 1196.50 look for further upside with 1201.00 & 1204.00 as targets...

Pivot (invalidation): 2903.00 Our preference Short positions below 2903.00 with targets at 2885.00 & 2875.00 in extension. Alternative scenario Above 2903.00 look for further upside with 2910.00 & 2917.00 as targets...

Pivot (invalidation): 12275.00 Our preference Short positions below 12275.00 with targets at 12159.00 & 12117.00 in extension. Alternative scenario Above 12275.00 look for further upside with 12350.00 & 12405.00 as targets...

Pivot (invalidation): 6.6400 Our preference Long positions above 6.6400 with targets at 6.7200 & 6.7940 in extension. Alternative scenario Below 6.6400 look for further downside with 6.5890 & 6.5165 as targets...

Pivot (invalidation): 0.7185 Our preference Long positions above 0.7185 with targets at 0.7215 & 0.7235 in extension. Alternative scenario Below 0.7185 look for further downside with 0.7170 & 0.7155 as targets...

Pivot (invalidation): 1.3150 Our preference Long positions above 1.3150 with targets at 1.3210 & 1.3250 in extension. Alternative scenario Below 1.3150 look for further downside with 1.3115 & 1.3085 as targets...

Pivot (invalidation): 0.9720 Our preference Long positions above 0.9720 with targets at 0.9750 & 0.9765 in extension. Alternative scenario Below 0.9720 look for further downside with 0.9705 & 0.9680 as targets...

Pivot (invalidation): 111.35 Our preference Long positions above 111.35 with targets at 111.70 & 111.85 in extension. Alternative scenario Below 111.35 look for further downside with 111.20 & 111.00 as targets...

Pivot (invalidation): 1.2835 Our preference Long positions above 1.2835 with targets at 1.2890 & 1.2935 in extension. Alternative scenario Below 1.2835 look for further downside with 1.2810 & 1.2780 as targets...

Pivot (invalidation): 1.1575 Our preference Long positions above 1.1575 with targets at 1.1610 & 1.1625 in extension. Alternative scenario Below 1.1575 look for further downside with 1.1550 & 1.1530 as targets...

Asia’s fastest growing economy, India, is in good shape. Q2’s GDP grew 8.2%, its highest pace since Q1 2015. 2018’s GDP could end up rising 7.5%, in line with the Reserve Bank of India forecasts. The Indian economy remains less dependent on external demand for growth...

As widely expected the RBA held the official cash rate steady at record low 1.5%. Nevertheless, the Aussie was better bid after the release of the statement by Governor Philip Lowe. AUD/USD rose to 0.7235 during the Asian session before quickly easing below today’s opening price of 0.7214...

Pivot (invalidation): 69.85 Our preference Long positions above 69.85 with targets at 70.30 & 70.50 in extension. Alternative scenario Below 69.85 look for further downside with 69.55 & 69.35 as targets...