Jiming Huang / Profile

Pivot (invalidation): 1.1775 Our preference Long positions above 1.1775 with targets at 1.1835 & 1.1850 in extension. Alternative scenario Below 1.1775 look for further downside with 1.1760 & 1.1740 as targets...

The EURUSD fell to 1.1711 on the back of a sudden pop in the US dollar and has potential to extend losses toward the 1.1640 handle, the minor 23.6% retracement on March – August rebound. In the absence of major events in Europe and the US today, the pair should follow the dollar’s lead...

US stocks sold sharply into the closing bell on stalling fiscal stimulus discussions in the US. Broad profit taking on tech stocks sent Nasdaq 1...

Pivot (invalidation): 42.05 Our preference Short positions below 42.05 with targets at 41.50 & 41.15 in extension. Alternative scenario Above 42.05 look for further upside with 42.30 & 43.60 as targets...

Pivot (invalidation): 25.1500 Our preference Short positions below 25.1500 with targets at 23.4000 & 22.8000 in extension. Alternative scenario Above 25.1500 look for further upside with 25.9500 & 26.7500 as targets...

Pivot (invalidation): 1908.00 Our preference Short positions below 1908.00 with targets at 1860.00 & 1840.00 in extension. Alternative scenario Above 1908.00 look for further upside with 1929.00 & 1951.00 as targets...

Pivot (invalidation): 3363.00 Our preference Short positions below 3363.00 with targets at 3317.00 & 3285.00 in extension. Alternative scenario Above 3363.00 look for further upside with 3380.00 & 3415.00 as targets...

Pivot (invalidation): 12765.00 Our preference Long positions above 12765.00 with targets at 13040.00 & 13150.00 in extension. Alternative scenario Below 12765.00 look for further downside with 12630.00 & 12520.00 as targets...

Pivot (invalidation): 7.2790 Our preference Short positions below 7.2790 with targets at 7.1750 & 7.1120 in extension. Alternative scenario Above 7.2790 look for further upside with 7.3450 & 7.4000 as targets...

Pivot (invalidation): 1.3305 Our preference Long positions above 1.3305 with targets at 1.3350 & 1.3380 in extension. Alternative scenario Below 1.3305 look for further downside with 1.3270 & 1.3250 as targets...

Pivot (invalidation): 0.7150 Our preference Short positions below 0.7150 with targets at 0.7100 & 0.7085 in extension. Alternative scenario Above 0.7150 look for further upside with 0.7170 & 0.7190 as targets...

Pivot (invalidation): 0.9165 Our preference Long positions above 0.9165 with targets at 0.9200 & 0.9220 in extension. Alternative scenario Below 0.9165 look for further downside with 0.9150 & 0.9135 as targets...

Pivot (invalidation): 106.45 Our preference Long positions above 106.45 with targets at 106.90 & 107.10 in extension. Alternative scenario Below 106.45 look for further downside with 106.25 & 105.95 as targets...

Pivot (invalidation): 1.3060 Our preference Short positions below 1.3060 with targets at 1.3010 & 1.2985 in extension. Alternative scenario Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets...

Pivot (invalidation): 1.1755 Our preference Short positions below 1.1755 with targets at 1.1695 & 1.1675 in extension. Alternative scenario Above 1.1755 look for further upside with 1.1775 & 1.1800 as targets...

In the currency markets, the US dollar is a touch stronger against the leading reserve currencies including euro, yen and Swiss franc. The EURUSD extended losses to 1.1722 on the back of a broad-based recovery in the greenback...

European markets opened the week on a neutral note, the US’ blue-chip stocks gained on Monday, while tech giants retreated with the exception of Apple shares. Investors moved capital to industrial stocks. Oil edged higher and Asian stock indices advanced the most in a week...

Pivot (invalidation): 41.75 Our preference Long positions above 41.75 with targets at 42.65 & 42.95 in extension. Alternative scenario Below 41.75 look for further downside with 41.40 & 41.05 as targets...

Pivot (invalidation): 28.5400 Our preference Long positions above 28.5400 with targets at 29.4000 & 29.8500 in extension. Alternative scenario Below 28.5400 look for further downside with 28.1300 & 27.8000 as targets...

Pivot (invalidation): 2030.00 Our preference Short positions below 2030.00 with targets at 2009.00 & 2000.00 in extension. Alternative scenario Above 2030.00 look for further upside with 2036.00 & 2044.00 as targets...