Jiming Huang / Profil

Pivot (invalidation): 1.1020 Our preference Short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension. Alternative scenario...

In Turkey, we expect the CBRT to over-deliver with a policy rate cut of 257bp on Thursday. After the initial 425bp cut in July, inflation dynamics have improved while the currency relative stability and global low-interest rates have provided a backdrop for the CBRT to chop rates...

A malaise has fallen over financial markets. The lack of meaningful news has left prices to drift. Tactically, we watching media for any news on US-China trade, ECB, Brexit, general data to support a Fed direction, for insights to short term price action...

Pivot (invalidation): 58.20 Our preference Short positions below 58.20 with targets at 57.20 & 56.70 in extension. Alternative scenario...

Pivot (invalidation): 18.1700 Our preference Short positions below 18.1700 with targets at 17.9500 & 17.8700 in extension. Alternative scenario...

Pivot (invalidation): 1498.00 Our preference Short positions below 1498.00 with targets at 1484.00 & 1479.00 in extension. Alternative scenario...

Pivot (invalidation): 2958.00 Our preference Long positions above 2958.00 with targets at 2990.00 & 3020.00 in extension. Alternative scenario...

Pivot (invalidation): 12230.00 Our preference Long positions above 12230.00 with targets at 12300.00 & 12365.00 in extension. Alternative scenario...

Pivot (invalidation): 5.7550 Our preference Long positions above 5.7550 with targets at 5.7880 & 5.8130 in extension. Alternative scenario...

Pivot (invalidation): 0.6870 Our preference Short positions below 0.6870 with targets at 0.6835 & 0.6820 in extension. Alternative scenario...

Pivot (invalidation): 1.3165 Our preference Short positions below 1.3165 with targets at 1.3130 & 1.3110 in extension. Alternative scenario...

Pivot (invalidation): 0.9905 Our preference Long positions above 0.9905 with targets at 0.9930 & 0.9950 in extension. Alternative scenario...

Pivot (invalidation): 107.45 Our preference Long positions above 107.45 with targets at 107.85 & 108.00 in extension. Alternative scenario...

Pivot (invalidation): 1.2335 Our preference Long positions above 1.2335 with targets at 1.2360 & 1.2380 in extension. Alternative scenario...

Pivot (invalidation): 1.1035 Our preference Long positions above 1.1035 with targets at 1.1060 & 1.1070 in extension. Alternative scenario...

The latest batch of European data does not paint a bright picture of the economy. The first signs of weakness came from German when manufacturing PMIs dropped below the 50 threshold and economic growth contracted in the second quarter...

Markets are extruding a bit of skepticism and exhaustion when it comes to US-China trade negotiations. US Treasury Secretary Steven Mnuchin sound positive in remarks on trade talks yesterday stating they have “made a lot of progress”...

Pivot (invalidation): 57.70 Our preference Long positions above 57.70 with targets at 58.65 & 59.30 in extension. Alternative scenario...

Pivot (invalidation): 18.0100 Our preference Short positions below 18.0100 with targets at 17.7100 & 17.5200 in extension. Alternative scenario...

Pivot (invalidation): 1500.00 Our preference Short positions below 1500.00 with targets at 1475.00 & 1465.00 in extension. Alternative scenario...