Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15096.18 with take profit at 15124.61.
Bearish Preference:
Sell position is envisaged if price trades below 15035.28 with take profit at 15005.23.
Fundamentals:
3:00pm USD CB Consumer Confidence
Comment: US Stocks clinched reached highs on Monday after cutting intraday losses ahead quarterly earnings from big tech and further clues on monetary the Federal Reserve due this week. As well as earnings, the Federal Reserve’s monetary policy decision and commentary from Fed chairman Jerome Powell are also likely to drive market action later this week. The Fed is scheduled to meet, releasing its latest policy decision on Wednesday. Rates are largely expected to remain unchanged at 0.00%-0.025%.
Analysis: SCRUM Team
