Blogs

<p>The US dollar is weaker across the board on the back of a resilient risk appetite, but a worse than expected US GDP read could change the appetite for dollar. Demand in other safe haven assets, such as US treasuries and gold, remains solid. </p> <p> </p> <p>It is better to be prepared against an […]

<p>US equities remained resilient to escalating US-China tensions, but trading was mixed in Asia. </p> <p> </p> <p>The Nikkei (+1.00%) and ASX (+1.40%) extended gains, while Shanghai’s Composite (-0.35%) and Hang Seng (-1.82%) slid for the second day as Hong Kong’s special status came under scrutiny amid passing a new

<p>Pivot</p> <p>&nbsp;(invalidation): 32.45 </p> <p>Our preference</p> <p>Short positions below 32.45 with targets at 31.15 &amp; 30.70 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 17.4500 </p> <p>Our preference</p> <p>Short positions below 17.4500 with targets at 17.1600 &amp; 17.0000 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1721.00 </p> <p>Our preference</p> <p>Short positions below 1721.00 with targets at 1705.00 &amp; 1694.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 2979.00 </p> <p>Our preference</p> <p>Long positions above 2979.00 with targets at 3060.00 &amp; 3100.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 11570.00 </p> <p>Our preference</p> <p>Long positions above 11570.00 with targets at 11750.00 &amp; 11830.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 6.7500 </p> <p>Our preference</p> <p>Long positions above 6.7500 with targets at 6.7950 &amp; 6.8180 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.6595 </p> <p>Our preference</p> <p>Long positions above 0.6595 with targets at 0.6650 &amp; 0.6680 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.3790 </p> <p>Our preference</p> <p>Short positions below 1.3790 with targets at 1.3720 &amp; 1.3685 in extension.</p> <p>Alternative scenario</p>