Jiming Huang / Profile

If the USD needs any more evidence of economic acceleration, it should come today. US payrolls are expected to increase by 193,000 for July, unemployment will fall to 3.9% from 4.0% and, potentially most important, average hourly earnings are expected to advance 2.7...

Signs of risk aversion are everywhere. With a mixed read from Asia equities, FX and bonds mirror investors’ worries. CNY and TRY lost ground against the safe haven USD, thanks to trade concerns...

Pivot (invalidation): 7590 Our preference Short positions below 7590 with targets at 7225 & 7000 in extension. Alternative scenario Above 7590 look for further upside with 7790 & 7990 as targets...

Pivot (invalidation): 68.40 Our preference Long positions above 68.40 with targets at 69.35 & 69.90 in extension. Alternative scenario Below 68.40 look for further downside with 68.00 & 67.40 as targets...

Pivot (invalidation): 15.3700 Our preference Short positions below 15.3700 with targets at 15.2300 & 15.1600 in extension. Alternative scenario Above 15.3700 look for further upside with 15.4800 & 15.5400 as targets...

Pivot (invalidation): 1214.00 Our preference Short positions below 1214.00 with targets at 1202.00 & 1200.00 in extension. Alternative scenario Above 1214.00 look for further upside with 1220.50 & 1225.00 as targets...

Pivot (invalidation): 1.1555 Our preference Short positions below 1.1555 with targets at 1.1525 & 1.1510 in extension. Alternative scenario Above 1.1555 look for further upside with 1.1570 & 1.1590 as targets...

Pivot (invalidation): 0.8895 Our preference Long positions above 0.8895 with targets at 0.8915 & 0.8925 in extension. Alternative scenario Below 0.8895 look for further downside with 0.8880 & 0.8865 as targets...

Pivot (invalidation): 0.7385 Our preference Short positions below 0.7385 with targets at 0.7350 & 0.7330 in extension. Alternative scenario Above 0.7385 look for further upside with 0.7400 & 0.7420 as targets...

Pivot (invalidation): 1.3000 Our preference Long positions above 1.3000 with targets at 1.3040 & 1.3060 in extension. Alternative scenario Below 1.3000 look for further downside with 1.2970 & 1.2945 as targets...

Pivot (invalidation): 0.9930 Our preference Long positions above 0.9930 with targets at 0.9975 & 1.0000 in extension. Alternative scenario Below 0.9930 look for further downside with 0.9910 & 0.9885 as targets...

Pivot (invalidation): 111.50 Our preference Long positions above 111.50 with targets at 111.80 & 112.00 in extension. Alternative scenario Below 111.50 look for further downside with 111.30 & 111.15 as targets...

Pivot (invalidation): 1.3050 Our preference Short positions below 1.3050 with targets at 1.3000 & 1.2965 in extension. Alternative scenario Above 1.3050 look for further upside with 1.3095 & 1.3140 as targets...

Pivot (invalidation): 1.1610 Our preference Short positions below 1.1610 with targets at 1.1570 & 1.1540 in extension. Alternative scenario Above 1.1610 look for further upside with 1.1630 & 1.1655 as targets...

Today’s monetary decision is tough for the Mexican central bank. Inflation remains largely above the 3% target on one side but the economy still remains in shape on the other, and the peso already recovered this year amid optimism on the front of NAFTA talks with the US (USD/MXN year-to-date: -4...

An interest-hike of 0.25% expected later today from the Bank of England is already priced in. Unchanged at 0.50% since 2 November 2017, the hike is being pushed by hawks in majority in the Bank’s Monetary Policy Committee...

Pivot (invalidation): 7460 Our preference Long positions above 7460 with targets at 7790 & 8060 in extension. Alternative scenario Below 7460 look for further downside with 7270 & 7000 as targets...

Pivot (invalidation): 68.40 Our preference Short positions below 68.40 with targets at 67.60 & 67.30 in extension. Alternative scenario Above 68.40 look for further upside with 68.80 & 69.15 as targets...

Pivot (invalidation): 15.4800 Our preference Short positions below 15.4800 with targets at 15.3700 & 15.3000 in extension. Alternative scenario Above 15.4800 look for further upside with 15.5400 & 15.6100 as targets...

Pivot (invalidation): 1222.00 Our preference Short positions below 1222.00 with targets at 1217.00 & 1213.50 in extension. Alternative scenario Above 1222.00 look for further upside with 1225.00 & 1228.50 as targets...