Skip to content 
Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14156.45 with take profit at 14176.51.
Bearish Preference:
Sell position is envisaged if price trades below 14080.45 with take profit at 14065.74.
Fundamentals:
7:00 pm USD Fed Chair Powell Testifies
Comment: Asia Pacific stocks were mostly up Tuesday morning, following a rebound in U.S. counterparts during the previous session. The possibility that policy tightening could be more gradual than expected allayed fears over the U.S. Federal Reserve’s latest hawkish tilt. Yields on longer-dated U.S. Treasuries rebounded during the previous session, even as short-end rates remained firmly in place. Investors also continue to assess the outlook as the focus remains squarely on inflation and the risks posed to the U.S. economic recovery from COVID-19.
Analysis: SCRUM Team
