Jiming Huang / Profil

USD has been broadly weaker against a stronger sterling. UK Brexit Minister Dominic Raab says he can reach a deal by 21 November 21, but that seems likely to be on EU terms. We remain negative on “soft” Brexit developments and view the pound’s recovery as an opportunity to short...

Pivot (invalidation): 65.50 Our preference Short positions below 65.50 with targets at 64.80 & 64.30 in extension. Alternative scenario Above 65.50 look for further upside with 65.80 & 66.30 as targets...

Pivot (invalidation): 14.3600 Our preference Short positions below 14.3600 with targets at 14.2600 & 14.2100 in extension. Alternative scenario Above 14.3600 look for further upside with 14.4700 & 14.5300 as targets...

Pivot (invalidation): 1219.00 Our preference Short positions below 1219.00 with targets at 1214.50 & 1212.00 in extension. Alternative scenario Above 1219.00 look for further upside with 1223.50 & 1226.50 as targets...

Pivot (invalidation): 2686.00 Our preference Long positions above 2686.00 with targets at 2754.25 & 2800.00 in extension. Alternative scenario Below 2686.00 look for further downside with 2640.00 & 2602.50 as targets...

Pivot (invalidation): 11377.00 Our preference Long positions above 11377.00 with targets at 11525.00 & 11607.00 in extension. Alternative scenario Below 11377.00 look for further downside with 11285.00 & 11200.00 as targets...

Pivot (invalidation): 5.5510 Our preference Long positions above 5.5510 with targets at 5.6300 & 5.6640 in extension. Alternative scenario Below 5.5510 look for further downside with 5.5090 & 5.4810 as targets...

Pivot (invalidation): 0.7105 Our preference Long positions above 0.7105 with targets at 0.7150 & 0.7165 in extension. Alternative scenario Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets...

Pivot (invalidation): 1.3155 Our preference Short positions below 1.3155 with targets at 1.3125 & 1.3105 in extension. Alternative scenario Above 1.3155 look for further upside with 1.3170 & 1.3190 as targets...

Pivot (invalidation): 1.0055 Our preference Long positions above 1.0055 with targets at 1.0095 & 1.0125 in extension. Alternative scenario Below 1.0055 look for further downside with 1.0030 & 1.0010 as targets...

Pivot (invalidation): 113.10 Our preference Short positions below 113.10 with targets at 112.65 & 112.40 in extension. Alternative scenario Above 113.10 look for further upside with 113.40 & 113.70 as targets...

Pivot (invalidation): 1.2790 Our preference Long positions above 1.2790 with targets at 1.2900 & 1.2945 in extension. Alternative scenario Below 1.2790 look for further downside with 1.2765 & 1.2730 as targets...

Pivot (invalidation): 1.1320 Our preference Long positions above 1.1320 with targets at 1.1360 & 1.1385 in extension. Alternative scenario Below 1.1320 look for further downside with 1.1300 & 1.1280 as targets...

The Japanese economy is facing a difficult slowdown. So the Bank of Japan revised its estimates downward, starting with inflation: now not expected to reach the long-maintained target of 2% by year-end. Economic growth is now forecast at 1.40% (prior: 1...

The two largest worries for investors are rising interest rates and US-China trade war. What will higher rates do to economic expansion? How will a trade war damage China’s already-weak growth and erode corporate profits...

Pivot (invalidation): 66.85 Our preference Short positions below 66.85 with targets at 66.00 & 65.75 in extension. Alternative scenario Above 66.85 look for further upside with 67.25 & 67.60 as targets...

Pivot (invalidation): 14.4700 Our preference Short positions below 14.4700 with targets at 14.3500 & 14.2800 in extension. Alternative scenario Above 14.4700 look for further upside with 14.5100 & 14.5600 as targets...

Pivot (invalidation): 1223.50 Our preference Short positions below 1223.50 with targets at 1217.00 & 1213.00 in extension. Alternative scenario Above 1223.50 look for further upside with 1226.50 & 1229.00 as targets...

Pivot (invalidation): 2641.00 Our preference Long positions above 2641.00 with targets at 2723.00 & 2755.00 in extension. Alternative scenario Below 2641.00 look for further downside with 2602.50 & 2570.00 as targets...

Pivot (invalidation): 11200.00 Our preference Long positions above 11200.00 with targets at 11395.00 & 11448.00 in extension. Alternative scenario Below 11200.00 look for further downside with 11118.00 & 11050.00 as targets...