Jiming Huang / Profile

Pivot (invalidation): 1.3330 Our preference Short positions below 1.3330 with targets at 1.3270 & 1.3240 in extension. Alternative scenario Above 1.3330 look for further upside with 1.3360 & 1.3400 as targets...

Pivot (invalidation): 0.9160 Our preference Short positions below 0.9160 with targets at 0.9095 & 0.9070 in extension. Alternative scenario Above 0.9160 look for further upside with 0.9185 & 0.9210 as targets...

Pivot (invalidation): 105.85 Our preference Short positions below 105.85 with targets at 105.45 & 105.25 in extension. Alternative scenario Above 105.85 look for further upside with 106.20 & 106.45 as targets...

Pivot (invalidation): 1.3050 Our preference Long positions above 1.3050 with targets at 1.3105 & 1.3140 in extension. Alternative scenario Below 1.3050 look for further downside with 1.3010 & 1.2980 as targets...

Pivot (invalidation): 1.1780 Our preference Long positions above 1.1780 with targets at 1.1820 & 1.1860 in extension. Alternative scenario Below 1.1780 look for further downside with 1.1750 & 1.1720 as targets...

The economic calendar for Tuesday is light. The US factory orders are expected to have improved 5% in June versus 8% a month earlier on the back of renewed virus-containment measures and the European factory gate prices are expected to have risen 0.5% m-o-m in June from -0...

US and European stock markets advanced on the back of promising economic data on Monday. Technology stocks led gains. The DAX rallied 2.71% and Nasdaq (+1.47%) renewed record as investors continued piling into technology stocks favourable for the stay-home business conditions...

Pivot (invalidation): 40.35 Our preference Long positions above 40.35 with targets at 41.20 & 41.55 in extension. Alternative scenario Below 40.35 look for further downside with 39.95 & 39.60 as targets...

Pivot (invalidation): 24.1400 Our preference Long positions above 24.1400 with targets at 24.7000 & 24.9500 in extension. Alternative scenario Below 24.1400 look for further downside with 24.0000 & 23.8000 as targets...

Pivot (invalidation): 1966.00 Our preference Long positions above 1966.00 with targets at 1988.00 & 2000.00 in extension. Alternative scenario Below 1966.00 look for further downside with 1959.00 & 1949.00 as targets...

Pivot (invalidation): 3272.00 Our preference Long positions above 3272.00 with targets at 3329.00 & 3360.00 in extension. Alternative scenario Below 3272.00 look for further downside with 3223.00 & 3200.00 as targets...

Pivot (invalidation): 12500.00 Our preference Long positions above 12500.00 with targets at 12770.00 & 12825.00 in extension. Alternative scenario Below 12500.00 look for further downside with 12370.00 & 12260.00 as targets...

Pivot (invalidation): 6.9540 Our preference Long positions above 6.9540 with targets at 6.9870 & 7.0060 in extension. Alternative scenario Below 6.9540 look for further downside with 6.9330 & 6.9170 as targets...

Pivot (invalidation): 0.7100 Our preference Long positions above 0.7100 with targets at 0.7150 & 0.7175 in extension. Alternative scenario Below 0.7100 look for further downside with 0.7075 & 0.7050 as targets...

Pivot (invalidation): 1.3420 Our preference Short positions below 1.3420 with targets at 1.3370 & 1.3350 in extension. Alternative scenario Above 1.3420 look for further upside with 1.3450 & 1.3480 as targets...

Pivot (invalidation): 0.9200 Our preference Short positions below 0.9200 with targets at 0.9160 & 0.9140 in extension. Alternative scenario Above 0.9200 look for further upside with 0.9220 & 0.9240 as targets...

Pivot (invalidation): 105.85 Our preference Long positions above 105.85 with targets at 106.45 & 106.70 in extension. Alternative scenario Below 105.85 look for further downside with 105.55 & 105.25 as targets...

Pivot (invalidation): 1.3040 Our preference Long positions above 1.3040 with targets at 1.3105 & 1.3140 in extension. Alternative scenario Below 1.3040 look for further downside with 1.3005 & 1.2975 as targets...

Pivot (invalidation): 1.1735 Our preference Long positions above 1.1735 with targets at 1.1780 & 1.1805 in extension. Alternative scenario Below 1.1735 look for further downside with 1.1695 & 1.1660 as targets...

The US dollar is better bid on Monday and the 10-year treasury yield rose near 0.55%. Fitch maintained the US long-term debt at AAA but downgraded the outlook from stable to negative...