Jiming Huang / Profil

The global risk-on sentiment from last week has given the kiwi a strong boost following a drag amid geopolitical developments in the Gulf of Oman and the announcement made by China to raise anti-dumping duties on seamless alloy steel tubes...

USD/CHF has completely collapsed last week as it fell as much as 2.60%, sliding from 1.0015 to 0.9755, following the Jerome Powell’s dovish performance during the last FOMC press conference...

Pivot (invalidation): 57.05 Our preference Long positions above 57.05 with targets at 58.50 & 59.20 in extension. Alternative scenario Below 57.05 look for further downside with 56.60 & 56.10 as targets...

Pivot (invalidation): 15.2200 Our preference Long positions above 15.2200 with targets at 15.5500 & 15.6600 in extension. Alternative scenario Below 15.2200 look for further downside with 15.1200 & 15.0500 as targets...

Pivot (invalidation): 1393.00 Our preference Long positions above 1393.00 with targets at 1419.00 & 1430.00 in extension. Alternative scenario Below 1393.00 look for further downside with 1382.50 & 1377.00 as targets...

Pivot (invalidation): 2930.00 Our preference Long positions above 2930.00 with targets at 2973.00 & 2990.00 in extension. Alternative scenario Below 2930.00 look for further downside with 2910.00 & 2897.00 as targets...

Pivot (invalidation): 12440.00 Our preference Short positions below 12440.00 with targets at 12300.00 & 12220.00 in extension. Alternative scenario Above 12440.00 look for further upside with 12540.00 & 12610.00 as targets...

Pivot (invalidation): 5.7930 Our preference Short positions below 5.7930 with targets at 5.7230 & 5.7000 in extension. Alternative scenario Above 5.7930 look for further upside with 5.8380 & 5.8850 as targets...

Pivot (invalidation): 0.6925 Our preference Long positions above 0.6925 with targets at 0.6975 & 0.7000 in extension. Alternative scenario Below 0.6925 look for further downside with 0.6905 & 0.6885 as targets...

Pivot (invalidation): 1.3225 Our preference Short positions below 1.3225 with targets at 1.3180 & 1.3155 in extension. Alternative scenario Above 1.3225 look for further upside with 1.3255 & 1.3285 as targets...

Pivot (invalidation): 0.9795 Our preference Short positions below 0.9795 with targets at 0.9730 & 0.9690 in extension. Alternative scenario Above 0.9795 look for further upside with 0.9835 & 0.9870 as targets...

Pivot (invalidation): 107.45 Our preference Short positions below 107.45 with targets at 107.20 & 107.00 in extension. Alternative scenario Above 107.45 look for further upside with 107.70 & 107.85 as targets...

Pivot (invalidation): 1.2710 Our preference Long positions above 1.2710 with targets at 1.2760 & 1.2790 in extension. Alternative scenario Below 1.2710 look for further downside with 1.2670 & 1.2640 as targets...

Pivot (invalidation): 1.1355 Our preference Long positions above 1.1355 with targets at 1.1400 & 1.1420 in extension. Alternative scenario Below 1.1355 look for further downside with 1.1335 & 1.1310 as targets...

Not much surprised on the front of pound sterling. GBP benefitted from a short-lived gain as the Bank of England maintains its intention to raise interest rates while holding its bank rate unchanged at 0.75...

Here we go again. A standing philosophy in our understanding of asset prices for the last 12 years has been that central bank’s policy is the dominant factor. The Fed and ECB have signaled a willingness to backstop risk with additional stimulus...

Pivot (invalidation): 56.65 Our preference Long positions above 56.65 with targets at 58.00 & 58.80 in extension. Alternative scenario Below 56.65 look for further downside with 55.90 & 55.25 as targets...

Pivot (invalidation): 15.3700 Our preference Long positions above 15.3700 with targets at 15.5500 & 15.6700 in extension. Alternative scenario Below 15.3700 look for further downside with 15.2600 & 15.1900 as targets...

Pivot (invalidation): 1393.00 Our preference Long positions above 1393.00 with targets at 1415.00 & 1426.00 in extension. Alternative scenario Below 1393.00 look for further downside with 1386.00 & 1379.50 as targets...

Pivot (invalidation): 2930.00 Our preference Long positions above 2930.00 with targets at 2973.00 & 2990.00 in extension. Alternative scenario Below 2930.00 look for further downside with 2910.00 & 2897.00 as targets...