Jiming Huang / Profilo

Pivot (invalidation): 7.0840 Our preference Short positions below 7.0840 with targets at 7.0460 & 7.0160 in extension. Alternative scenario...

Pivot (invalidation): 0.6470 Our preference Short positions below 0.6470 with targets at 0.6420 & 0.6390 in extension. Alternative scenario...

Pivot (invalidation): 1.4000 Our preference Long positions above 1.4000 with targets at 1.4080 & 1.4115 in extension. Alternative scenario...

Pivot (invalidation): 0.9715 Our preference Long positions above 0.9715 with targets at 0.9750 & 0.9765 in extension. Alternative scenario...

Pivot (invalidation): 107.75 Our preference Short positions below 107.75 with targets at 107.00 & 106.75 in extension. Alternative scenario...

Pivot (invalidation): 1.2340 Our preference Short positions below 1.2340 with targets at 1.2285 & 1.2260 in extension. Alternative scenario...

Pivot (invalidation): 1.0815 Our preference Short positions below 1.0815 with targets at 1.0785 & 1.0765 in extension. Alternative scenario...

Gold finds buyers below the $1700 per oz, but the US treasury demand - despite low yields, should limit the safety inflows to the yellow metal as risk-averse investors remain skeptical regarding the gold’s capacity to hedge a sharp risk sell-off at the current levels...

Equities in Asia mostly turned negative after European and US markets made a mixed start to the week amid rising concerns regarding what could go wrong as businesses reopen gradually across the globe. Gains in technology and healthcare stocks were offset by losses elsewhere...

The US dollar index steadies below the 100 mark as an indication that the global risk sentiment hasn’t been shaken by the latest employment figures in the US. The USDJPY is ready take over the 107-resistance. Gold remains close to the $1700 per oz...

Friday’s jobs data in the US was catastrophic with more than 20 million jobs lost during April, but in line with market expectations, so the market mood wasn’t shaken by the ugly number. The US equities closed last week on a positive note. The Dow rallied 1.91%, as S&P500 (+1...

Pivot (invalidation): 23.35 Our preference Long positions above 23.35 with targets at 25.00 & 25.55 in extension. Alternative scenario...

Pivot (invalidation): 15.3800 Our preference Long positions above 15.3800 with targets at 15.7600 & 15.9100 in extension. Alternative scenario...

Pivot (invalidation): 1700.00 Our preference Long positions above 1700.00 with targets at 1716.00 & 1723.00 in extension. Alternative scenario...

Pivot (invalidation): 2901.00 Our preference Long positions above 2901.00 with targets at 2952.00 & 2977.00 in extension. Alternative scenario...

Pivot (invalidation): 10770.00 Our preference Long positions above 10770.00 with targets at 10950.00 & 11080.00 in extension. Alternative scenario...

Pivot (invalidation): 7.1190 Our preference Short positions below 7.1190 with targets at 7.0540 & 7.0160 in extension. Alternative scenario...

Pivot (invalidation): 0.6515 Our preference Long positions above 0.6515 with targets at 0.6570 & 0.6600 in extension. Alternative scenario...

Pivot (invalidation): 1.3945 Our preference Short positions below 1.3945 with targets at 1.3880 & 1.3845 in extension. Alternative scenario...

Pivot (invalidation): 106.60 Our preference Long positions above 106.60 with targets at 107.00 & 107.15 in extension. Alternative scenario...