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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15650.00 with take profit at 15699.50.
Bearish Preference:
Sell position is envisaged if price trades below 15571.17 with take profit at 15523.51.
Fundamentals:
No major fundamental
Comment: The dollar edged lower on Monday as traders took the view that Federal Reserve tightening moves were largely priced in, while the euro eased from Friday’s two-month high. An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China’s move only briefly weighed on the yuan. The U.S. dollar index, which declined sharply last week until Friday’s leap, edged down 0.1% at 95.076 at 0900 GMT. The cash Treasury market was closed for a holiday on Monday.
Analysis: SCRUM Team
