Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14285.46 with take profit at 14308.00.
Bearish Preference:
Sell position is envisaged if price trades below 14243.85 with take profit at 14219.58.
Fundamentals:
2:45pm USD Flash Manufacturing PMI
USD Flash Services PMI
Comment: Nasdaq 100 index hit a record high on Wednesday with investors razor focused on business activity data after Federal Reserve officials sought to calm fears of a sharp tapering of monetary stimulus.
In a hearing before a U.S. House of Representatives panel, Fed Chair Jerome Powell reiterated the central bank will not raise interest rates too quickly on inflation fears alone and will encourage a “broad and inclusive” recovery of the job market.
Analysis: SCRUM Team