Jiming Huang / Profile

Pivot (invalidation): 1.3030 Our preference Long positions above 1.3030 with targets at 1.3090 & 1.3125 in extension. Alternative scenario Below 1.3030 look for further downside with 1.2990 & 1.2965 as targets...

Pivot (invalidation): 0.9675 Our preference Long positions above 0.9675 with targets at 0.9715 & 0.9740 in extension. Alternative scenario Below 0.9675 look for further downside with 0.9655 & 0.9640 as targets...

Pivot (invalidation): 111.05 Our preference Short positions below 111.05 with targets at 110.85 & 110.65 in extension. Alternative scenario Above 111.05 look for further upside with 111.20 & 111.35 as targets...

Pivot (invalidation): 1.2970 Our preference Short positions below 1.2970 with targets at 1.2900 & 1.2860 in extension. Alternative scenario Above 1.2970 look for further upside with 1.3000 & 1.3030 as targets...

Pivot (invalidation): 1.1630 Our preference Short positions below 1.1630 with targets at 1.1580 & 1.1555 in extension. Alternative scenario Above 1.1630 look for further upside with 1.1655 & 1.1675 as targets...

Japan’s economic data this week remain subdued, with a continued slowdown in industrial production in July, consumer consumption flat and a slight acceleration in inflation for August (CPI annual figures at 1.20%, slightly above consensus at 1%; core at 0.90%), suggesting a weak bounce for Q3 GDP...

As Argentina falls into economic chaos, fears of default are well founded. The peso has fallen more the 45% against the USD this year and official inflation is over 25%. The central bank’s futile attempt to fix things hiked rates 15% to 60% and promised not to lower before December...

Pivot (invalidation): 7035 Our preference Short positions below 7035 with targets at 6875 & 6805 in extension. Alternative scenario Above 7035 look for further upside with 7130 & 7235 as targets...

Pivot (invalidation): 1.1330 Our preference Short positions below 1.1330 with targets at 1.1270 & 1.1250 in extension. Alternative scenario Above 1.1330 look for further upside with 1.1350 & 1.1370 as targets...

Pivot (invalidation): 0.8990 Our preference Short positions below 0.8990 with targets at 0.8945 & 0.8925 in extension. Alternative scenario Above 0.8990 look for further upside with 0.9005 & 0.9025 as targets...

Pivot (invalidation): 0.7270 Our preference Short positions below 0.7270 with targets at 0.7235 & 0.7215 in extension. Alternative scenario Above 0.7270 look for further upside with 0.7300 & 0.7315 as targets...

Pivot (invalidation): 1.2965 Our preference Long positions above 1.2965 with targets at 1.3045 & 1.3070 in extension. Alternative scenario Below 1.2965 look for further downside with 1.2945 & 1.2925 as targets...

Pivot (invalidation): 0.9715 Our preference Short positions below 0.9715 with targets at 0.9655 & 0.9640 in extension. Alternative scenario Above 0.9715 look for further upside with 0.9740 & 0.9775 as targets...

Pivot (invalidation): 111.30 Our preference Short positions below 111.30 with targets at 110.70 & 110.50 in extension. Alternative scenario Above 111.30 look for further upside with 111.45 & 111.60 as targets...

Pivot (invalidation): 1.2985 Our preference Long positions above 1.2985 with targets at 1.3040 & 1.3065 in extension. Alternative scenario Below 1.2985 look for further downside with 1.2960 & 1.2930 as targets...

Pivot (invalidation): 1.1690 Our preference Short positions below 1.1690 with targets at 1.1640 & 1.1615 in extension. Alternative scenario Above 1.1690 look for further upside with 1.1710 & 1.1730 as targets...

As Canada scrambles to reach closure on the North American Free Trade Agreement, CAN is wobbling. It gained (USD/CAD: -0.77% week-to-date), but now the trend is reversing. USD/CAD is bouncing off 1.2907 (29 August low) and expected to hit 1.3010...

The cable surged on Wednesday as it added 1.53% to $1.3029 after EU negotiator Michel Barnier said the EU would offer the UK a unique deal. The announcement made investors more than happy as it means that the UK would get at least a deal...

Pivot (invalidation): 6960 Our preference Long positions above 6960 with targets at 7135 & 7235 in extension. Alternative scenario Below 6960 look for further downside with 6875 & 6725 as targets...

Pivot (invalidation): 69.15 Our preference Long positions above 69.15 with targets at 70.25 & 70.60 in extension. Alternative scenario Below 69.15 look for further downside with 68.65 & 68.35 as targets...