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Daily Market Analysis 17|03|2021: US30

Instrument: US30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 33007 with take profit at 33087.
Bearish Preference: 
Sell position is envisaged if price trades below 32765 with take profit at 32726.
Fundamentals:
7PM USD FOMC Statement
7:30PM USD FOMC Press Conference

Comment: Asian stocks fell on Wednesday, tracking Wall Street as investors waited to see if the U.S. Federal Reserve will signal a faster path toward policy normalization than previously expected. Global markets have been knocked in recent weeks by a rout in Treasuries that saw the benchmark yield soar to a more than one-year high as bond investors bet accelerating COVID-19 vaccinations and massive fiscal stimulus would spur faster-than-expected growth and inflation in the world’s biggest economy.

Analysis: SCRUM Team

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