Sample Category Title

Pivot (invalidation): 1.3150

Our preference Long positions above 1.3150 with targets at 1.3200 & 1.3225 in extension.

Alternative scenario Below 1.3150 look for further downside with 1.3115 & 1.3090 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 0.9680

Our preference Long positions above 0.9680 with targets at 0.9710 & 0.9725 in extension.

Alternative scenario Below 0.9680 look for further downside with 0.9665 & 0.9650 as targets.

Comment The RSI is bullish and calls for further upside.

Eurozone Sentix Investor Confidence overall index dropped to 12 in September, down from 14.7, below expectation of 13.8. Current situation index dropped to 35.0, down from 37.3. Expectations index also dropped to -8.8, down from -5.8. Sentix noted that "the weakness of the emerging markets, especially in Asia and Latin America, is weighing on economic assessments. But also homemade European problems."

Sentix also noted that two developments are "particularly noticeable in the search for the causes" for the deteriorations. One is "weakness in the international arena", in particular in Asia and Latin America. And, "due to the solid US dollar and political crises, the emerging markets are in the crossfire."

For Europe itself, there are problems "especially at the political level". Also, "external, international catalyst, which is also intensified by the trade dispute between the USA and almost the rest of the world, is now having a noticeable negative impact."

Full release here.

China Foreign Ministry spokesman Geng Shuang said in a regular press briefing that "If the U.S. side obstinately clings to its course and takes any new tariff measures against China, then the Chinese side will inevitably take countermeasures to resolutely protect our legitimate rights." That came after public hearing on 25% tariffs on USD 200B in Chinese goods ended last week. Trump is ready to start imposing the tariffs any time. Meanwhile, he raised the stakes further and threatened to put tariffs on additional USD 267B in Chinese imports.

No further elaboration or comments were given by Chinese officials yet. But it's believed that China is also ready for retaliation to the tariffs on the USD 200B goods. China has already unveiled a list of 5207 product lines, in USD 60B of value, with tariffs from 5% to 25%.

Steve Baker, a former junior Minister at the Department for Exiting the European Union, warned that there will be 80 or more MPs voting against Prime Minister Theresa May's Chequers Brexit plan at the party conference. And, the part will suffer from "catastrophic split". Instead, he urged May to go for the route of a free trade agreement with the terms laid down by European Council president Donald Tusk.

And he added, "if we come out of conference with her hoping to get Chequers through on the back of Labour votes, I think the EU negotiators would probably understand that if that were done, the Tory party would suffer the catastrophic split which thus far we have managed to avoid."

Baker resigned earlier this year in opposition to the Chequers' plan. The party conference will be held on September 30 to October 3.

Pivot (invalidation): 67.05

Our preference Long positions above 67.05 with targets at 69.00 & 69.50 in extension.

Alternative scenario Below 67.05 look for further downside with 66.50 & 66.15 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 14.2300

Our preference Short positions below 14.2300 with targets at 13.9800 & 13.8900 in extension.

Alternative scenario Above 14.2300 look for further upside with 14.3000 & 14.3700 as targets.

Comment The RSI is mixed to bearish.

Pivot (invalidation): 1198.00

Our preference Short positions below 1198.00 with targets at 1193.25 & 1190.00 in extension.

Alternative scenario Above 1198.00 look for further upside with 1203.00 & 1207.00 as targets.

Comment The RSI is mixed to bearish.

Pivot (invalidation): 2884.00

Our preference Short positions below 2884.00 with targets at 2864.00 & 2854.00 in extension.

Alternative scenario Above 2884.00 look for further upside with 2892.00 & 2903.00 as targets.

Comment The RSI lacks upward momentum.

Pivot (invalidation): 12000.00

Our preference Short positions below 12000.00 with targets at 11885.00 & 11840.00 in extension.

Alternative scenario Above 12000.00 look for further upside with 12090.00 & 12167.00 as targets.

Comment The upward potential is likely to be limited by the resistance at 12000.00.