Jiming Huang / Profile

Pivot (invalidation): 70.30 Our preference Long positions above 70.30 with targets at 71.20 & 71.65 in extension. Alternative scenario Below 70.30 look for further downside with 69.85 & 69.20 as targets...

Pivot (invalidation): 15.7200 Our preference Long positions above 15.7200 with targets at 15.8700 & 15.9300 in extension. Alternative scenario Below 15.7200 look for further downside with 15.6600 & 15.5800 as targets...

Pivot (invalidation): 1239.00 Our preference Long positions above 1239.00 with targets at 1246.00 & 1248.00 in extension. Alternative scenario Below 1239.00 look for further downside with 1236.00 & 1233.00 as targets...

Our pivot (invalidation) point stands at 1.1720. Our preference target 1.1669. Alternative scenario Above 1.1720, look for 1.1738 and 1.1748...

Pivot (invalidation): 0.8840 Our preference Short positions below 0.8840 with targets at 0.8820 & 0.8810 in extension. Alternative scenario Above 0.8840 look for further upside with 0.8855 & 0.8865 as targets...

Pivot (invalidation): 0.7400 Our preference Long positions above 0.7400 with targets at 0.7430 & 0.7445 in extension. Alternative scenario Below 0.7400 look for further downside with 0.7385 & 0.7370 as targets...

Pivot (invalidation): 1.3175 Our preference Short positions below 1.3175 with targets at 1.3145 & 1.3120 in extension. Alternative scenario Above 1.3175 look for further upside with 1.3195 & 1.3220 as targets...

Pivot (invalidation): 1.0000 Our preference Long positions above 1.0000 with targets at 1.0040 & 1.0070 in extension. Alternative scenario Below 1.0000 look for further downside with 0.9970 & 0.9945 as targets...

Pivot (invalidation): 112.25 Our preference Long positions above 112.25 with targets at 112.80 & 113.00 in extension. Alternative scenario Below 112.25 look for further downside with 111.90 & 111.60 as targets...

Pivot (invalidation): 1.3190 Our preference Long positions above 1.3190 with targets at 1.3245 & 1.3290 in extension. Alternative scenario Below 1.3190 look for further downside with 1.3150 & 1.3115 as targets...

Pivot (invalidation): 1.1655 Our preference Long positions above 1.1655 with targets at 1.1695 & 1.1720 in extension. Alternative scenario Below 1.1655 look for further downside with 1.1640 & 1.1610 as targets...

As the USA and China continue to implement punitive duties, trade surplus records are occurring. China’s June surplus is estimated at USD 41.61 billion, its highest rate since the beginning of 2018, with exports slightly higher (+3.10%) and imports substantially lower (+6%; prior: +15...

The King dollar made a remarkable return on Friday after the US and China have signalled their intention to sit at the negotiation table. The New Zealand dollar performed the worst among the G10 complex as it fell 0.60% to $0.6740. The drop of June Manufacturing PMI – down to 52.8 from 54...

6099 is our pivot (invalidation) point. Our preference The upside prevails as Long as 6099 is support. Alternative scenario Below 6099, expect 5919 and 5812...

Pivot (invalidation): 1243.50 Our preference Long positions above 1243.50 with targets at 1249.00 & 1251.00 in extension. Alternative scenario Below 1243.50 look for further downside with 1241.00 & 1239.00 as targets...

Pivot (invalidation): 1.0000 Our preference Long positions above 1.0000 with targets at 1.0030 & 1.0060 in extension. Alternative scenario Below 1.0000 look for further downside with 0.9970 & 0.9940 as targets...

Pivot (invalidation): 112.35 Our preference Long positions above 112.35 with targets at 113.00 & 113.35 in extension. Alternative scenario Below 112.35 look for further downside with 112.00 & 111.65 as targets...

Pivot (invalidation): 1.3225 Our preference Short positions below 1.3225 with targets at 1.3150 & 1.3120 in extension. Alternative scenario Above 1.3225 look for further upside with 1.3255 & 1.3285 as targets...

Pivot (invalidation): 1.1695 Our preference Short positions below 1.1695 with targets at 1.1650 & 1.1625 in extension. Alternative scenario Above 1.1695 look for further upside with 1.1725 & 1.1760 as targets...

The Canadian economy is in good shape. Governor of the Bank of Canada (BoC), Stephen Poloz, is therefore in a difficult situation. With favourable economic data on one side and a potential trade war with its largest commercial partner on the other, economic policy lies in the grey zone...