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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13954.42 with take profit at 13973.12.
Bearish Preference:
Sell position is envisaged if price trades below 13888.49 with take profit at 13867.83.
Fundamentals:
1:30 pm USD Philly Fed Manufacturing Index
USD Unemployment Claims
Comment: U.S. stocks were indicated modestly lower Thursday morning, a day after the Federal Reserve raised its forecast for inflation and signalled that it could lift benchmark interest rates sooner than had been expected. The central bank also discussed the eventual reduction of asset purchases that had been installed to help ease financial market conditions during the pandemic. Investors will watch for a new round of data on U.S. weekly jobless benefit claims and reading on manufacturing activity in Philadelphia.
Analysis: SCRUM Team
