Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14923.33 with take profit at 14941.98.
Bearish Preference:
Sell position is envisaged if price trades below 14842.24 with take profit at 14824.40.
Fundamentals:
1:30pm USD Core PCE Price Index m/m
2:45pm USD Chicago PMI
3:00pm USD Revised UoM Consumer Sentiment
Comment: It’s the final trading day of the week (and month), but equities are not wearing their party hats. Nasdaq futures led the declines overnight, falling 1.2% after Q2 revenues at Amazon fell short, while the e-commerce giant gave a weaker outlook. Pinterest is also down 20% premarket after losing monthly users during the three months ended June 30.
Analysis: SCRUM Team