Jiming Huang / Profil

Pivot (invalidation): 2675.50 Our preference Long positions above 2675.50 with targets at 2727.25 & 2753.00 in extension. Alternative scenario Below 2675.50 look for further downside with 2657.50 & 2640.25 as targets...

Pivot (invalidation): 11100.00 Our preference Long positions above 11100.00 with targets at 11260.00 & 11320.00 in extension. Alternative scenario Below 11100.00 look for further downside with 11050.00 & 11000.00 as targets...

Pivot (invalidation): 5.2100 Our preference Short positions below 5.2100 with targets at 5.1570 & 5.1360 in extension. Alternative scenario Above 5.2100 look for further upside with 5.2420 & 5.2730 as targets...

Pivot (invalidation): 0.7275 Our preference Short positions below 0.7275 with targets at 0.7225 & 0.7205 in extension. Alternative scenario Above 0.7275 look for further upside with 0.7295 & 0.7325 as targets...

Pivot (invalidation): 1.3160 Our preference Short positions below 1.3160 with targets at 1.3115 & 1.3085 in extension. Alternative scenario Above 1.3160 look for further upside with 1.3185 & 1.3210 as targets...

Pivot (invalidation): 0.9920 Our preference Long positions above 0.9920 with targets at 0.9955 & 0.9975 in extension. Alternative scenario Below 0.9920 look for further downside with 0.9900 & 0.9885 as targets...

Pivot (invalidation): 108.65 Our preference Long positions above 108.65 with targets at 109.05 & 109.20 in extension. Alternative scenario Below 108.65 look for further downside with 108.50 & 108.30 as targets...

Pivot (invalidation): 1.3120 Our preference Short positions below 1.3120 with targets at 1.3075 & 1.3055 in extension. Alternative scenario Above 1.3120 look for further upside with 1.3160 & 1.3200 as targets...

Pivot (invalidation): 1.1475 Our preference Short positions below 1.1475 with targets at 1.1410 & 1.1390 in extension. Alternative scenario Above 1.1475 look for further upside with 1.1495 & 1.1515 as targets...

USD/CNY dropped 2.20% since the beginning of the year on US-China trade optimism, USD softness and China’s manufacturing rebound. However, the USD/CNY could rapidly turn north, as a trade deal with the US, China’s by far largest trade partner, would significantly reduce its trade surplus...

Given yesterday’s decision of the US Federal Reserve not to raise interest rates, US dollar weakness for 2019 is on track. The Fed decelerated monetary policy and its tightening path, and it gave a very strong signal that interest rate cycle is finished...

Pivot (invalidation): 54.10 Our preference Long positions above 54.10 with targets at 54.95 & 55.45 in extension. Alternative scenario Below 54.10 look for further downside with 53.60 & 53.05 as targets...

Pivot (invalidation): 15.8800 Our preference Long positions above 15.8800 with targets at 16.1900 & 16.3500 in extension. Alternative scenario Below 15.8800 look for further downside with 15.7800 & 15.6900 as targets...

Pivot (invalidation): 1312.00 Our preference Long positions above 1312.00 with targets at 1323.00 & 1333.00 in extension. Alternative scenario Below 1312.00 look for further downside with 1309.00 & 1305.00 as targets...

Pivot (invalidation): 2657.50 Our preference Long positions above 2657.50 with targets at 2695.00 & 2709.50 in extension. Alternative scenario Below 2657.50 look for further downside with 2640.25 & 2626.00 as targets...

Pivot (invalidation): 11216.00 Our preference Short positions below 11216.00 with targets at 11074.00 & 10995.00 in extension. Alternative scenario Above 11216.00 look for further upside with 11280.00 & 11340.00 as targets...

Pivot (invalidation): 5.2600 Our preference Short positions below 5.2600 with targets at 5.1940 & 5.1700 in extension. Alternative scenario Above 5.2600 look for further upside with 5.2910 & 5.3220 as targets...

Pivot (invalidation): 0.7235 Our preference Long positions above 0.7235 with targets at 0.7300 & 0.7325 in extension. Alternative scenario Below 0.7235 look for further downside with 0.7205 & 0.7175 as targets...

Pivot (invalidation): 1.3185 Our preference Short positions below 1.3185 with targets at 1.3115 & 1.3060 in extension. Alternative scenario Above 1.3185 look for further upside with 1.3220 & 1.3260 as targets...

Pivot (invalidation): 0.9955 Our preference Short positions below 0.9955 with targets at 0.9900 & 0.9885 in extension. Alternative scenario Above 0.9955 look for further upside with 0.9975 & 0.9995 as targets...