Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15033.57 with take profit at 15045.43.
Bearish Preference:
Sell position is envisaged if price trades below 14999.42 with take profit at 14983.45.
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment: Stock indices are mixed as Wall Street awaits July consumer inflation numbers.
Nasdaq is currently weaker in the face of higher rates.
The 10-year Treasury yield is up another 3 basis points to 1.37%, the highest it’s been since mid-July. It’s on a five-day rising streak, the longest since late January and early February.
Analysis: SCRUM Team