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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16398.30 with take profit at 16426.27.
Bearish Preference:
Sell position is envisaged if price trades below 16333.96 with take profit at 16307.39.
Fundamentals:
2:30pm USD PPI m/m USD Core PPI m/m
3:00pm USD Fed Chair Powell Speaks
7:01pm USD 10-y Bond Auction
Comment: U.S. stock futures inched higher Tuesday, putting major indexes on track to continue what’s been the longest winning streak in more than two years. Traders will have to consider the possibility of a change in leadership at the Federal Reserve, after Bloomberg News reported that Fed. Gov Lael Brainard interviewed for the role currently being held by Jerome Powell. Powell’s still considered the front-runner to be re-nominated. Producer price data highlights the day’s economic releases.
Analysis: SCRUM Team
