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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15339.59 with take profit at 15351.40.
Bearish Preference:
Sell position is envisaged if price trades below 15299.24 with take profit at 15287.68.
Fundamentals:USD All Day Jackson Hole Symposium1:30pm USD Core PCE Price Index m/m
3:00pm USD Fed Chair Powell Speaks
Comment: Comment: U.S. stocks are seen opening just higher Friday, rebounding from the previous session’s losses ahead of a key speech by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole symposium. The tech-heavy Nasdaq Composite fell 0.6% yesterday, The day’s main event is the virtual gathering of the country’s main central bankers, which traditionally takes place at Jackson Hole in Wyoming and has been used in the past to signal changes in the Federal Reserve’s monetary policy.
Analysis: SCRUM Team
