Jiming Huang / Perfil

Pivot (invalidation): 1.3080 Our preference Long positions above 1.3080 with targets at 1.3120 & 1.3140 in extension. Alternative scenario Below 1.3080 look for further downside with 1.3060 & 1.3030 as targets...

Pivot (invalidation): 1.1260 Our preference Long positions above 1.1260 with targets at 1.1285 & 1.1305 in extension. Alternative scenario Below 1.1260 look for further downside with 1.1245 & 1.1230 as targets...

Financial markets have to digest many different factors during today’s session...

Equity markets soften as investors avoided risk after the IMF downgraded its global growth forecasts. Crude oil fell on the lower growth outlook and Russian voicing approval with the current level of oil prices...

Pivot (invalidation): 64.45 Our preference Short positions below 64.45 with targets at 63.70 & 63.50 in extension. Alternative scenario Above 64.45 look for further upside with 64.75 & 65.20 as targets...

Pivot (invalidation): 15.2500 Our preference Short positions below 15.2500 with targets at 15.0400 & 14.9800 in extension. Alternative scenario Above 15.2500 look for further upside with 15.3400 & 15.4600 as targets...

Pivot (invalidation): 1300.00 Our preference Long positions above 1300.00 with targets at 1306.00 & 1308.50 in extension. Alternative scenario Below 1300.00 look for further downside with 1296.00 & 1291.00 as targets...

Pivot (invalidation): 2892.00 Our preference Short positions below 2892.00 with targets at 2869.00 & 2859.25 in extension. Alternative scenario Above 2892.00 look for further upside with 2909.50 & 2919.00 as targets...

Pivot (invalidation): 11920.00 Our preference Short positions below 11920.00 with targets at 11800.00 & 11750.00 in extension. Alternative scenario Above 11920.00 look for further upside with 11986.00 & 12030.00 as targets...

Pivot (invalidation): 5.6750 Our preference Long positions above 5.6750 with targets at 5.7000 & 5.7170 in extension. Alternative scenario Below 5.6750 look for further downside with 5.6520 & 5.6280 as targets...

Pivot (invalidation): 0.7130 Our preference Short positions below 0.7130 with targets at 0.7100 & 0.7085 in extension. Alternative scenario Above 0.7130 look for further upside with 0.7150 & 0.7165 as targets...

Pivot (invalidation): 1.3315 Our preference Long positions above 1.3315 with targets at 1.3340 & 1.3365 in extension. Alternative scenario Below 1.3315 look for further downside with 1.3290 & 1.3275 as targets...

Pivot (invalidation): 0.9990 Our preference Long positions above 0.9990 with targets at 1.0020 & 1.0030 in extension. Alternative scenario Below 0.9990 look for further downside with 0.9975 & 0.9965 as targets...

Pivot (invalidation): 111.25 Our preference Short positions below 111.25 with targets at 111.00 & 110.80 in extension. Alternative scenario Above 111.25 look for further upside with 111.40 & 111.55 as targets...

Pivot (invalidation): 1.3070 Our preference Short positions below 1.3070 with targets at 1.3030 & 1.3005 in extension. Alternative scenario Above 1.3070 look for further upside with 1.3090 & 1.3115 as targets...

Pivot (invalidation): 1.1270 Our preference Short positions below 1.1270 with targets at 1.1245 & 1.1235 in extension. Alternative scenario Above 1.1270 look for further upside with 1.1285 & 1.1300 as targets...

After rejecting PM May’s Withdrawal Agreement and failing to agree on any alternative, UK MPs are again counting on May’s persuasive power to obtain another extension agreement...

In light of news that a major French Bank will layoff 1,600 employees, the topic of ECB negative interest rates effect on banks’ balance sheets has become hot again. Discussion on negative rates will be the focal point of this week’s ECB meeting...

Pivot (invalidation): 63.90 Our preference Long positions above 63.90 with targets at 65.20 & 65.60 in extension. Alternative scenario Below 63.90 look for further downside with 63.50 & 63.15 as targets...

Pivot (invalidation): 15.1600 Our preference Long positions above 15.1600 with targets at 15.3000 & 15.3800 in extension. Alternative scenario Below 15.1600 look for further downside with 15.0900 & 15.0400 as targets...