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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14758.49 with take profit at 14785.42.
Bearish Preference:
Sell position is envisaged if price trades below 14621.69 with take profit at 14595.34.
Fundamentals:
1:30pm USD Unemployment Claims
Comment: According to the minutes of the U.S. central bank’s June policy meeting, Fed officials felt substantial further progress on the economic recovery “was generally seen as not having yet been met,” but agreed they should be poised to act if inflation or other risks materialized. Traders had been waiting for the release of the minutes from the Fed’s June meeting as this was the gettogether at which the central bank hinted at two rate hikes in 2023, and signaled a greater likelihood of a first raise coming as early as 2022.
Analysis: SCRUM Team
