Blogs

<p>The US dollar index jumped in Asia after hitting the 96-support, as the US 10-year yield retreated to 0.70% on the back of a swift move to safety. The USDJPY slumped below 107.00, as the Swiss franc traded at its strongest level since March as investors moved capital towards safe-haven currencies. Gold remained bid above […]

<p>Investors’ worst nightmare becomes reality with news of a second wave of contagion hitting the wires in the US. According to Bloomberg, Florida reported the highest number of new cases in a week and hospitalizations in Texas surged by a record 6.3%. Meanwhile, the WHO warned that the persistent rise in Latin America is a […]

<p>Pivot</p> <p>&nbsp;(invalidation): 37.95 Our preference</p> <p>Long positions above 37.95 with targets at 39.40 &amp; 39.90 in extension.</p> <p>Alternative scenario</p> <p>Below 37.95 look for further downside with 37.10 &amp; 36.40 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.7700 Our preference</p> <p>Long positions above 17.7700 with targets at 18.0400 &amp; 18.1900 in extension.</p> <p>Alternative scenario</p> <p>Below 17.7700 look for further downside with 17.5200 &amp; 17.3600 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1721.00 Our preference</p> <p>Long positions above 1721.00 with targets at 1745.00 &amp; 1755.00 in extension.</p> <p>Alternative scenario</p> <p>Below 1721.00 look for further downside with 1708.00 &amp; 1696.00 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 3233.00 Our preference</p> <p>Short positions below 3233.00 with targets at 3162.00 &amp; 3128.00 in extension.</p> <p>Alternative scenario</p> <p>Above 3233.00 look for further upside with 3260.00 &amp; 3320.00 as targets.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 12764.00 Our preference</p> <p>Short positions below 12764.00 with targets at 12430.00 &amp; 12240.00 in extension.</p> <p>Alternative scenario</p> <p>Above 12764.00 look for further upside with 13000.00 &amp; 13220.00 as targets.</p>