Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 35202 with take profit at 35332.
Bearish Preference:
Sell position is envisaged if price trades below 34816 with take profit at 34702.
Fundamentals:
2:30pm USD Philly Fed Manufacturing Index
USD Unemployment Claims
Comment: U.S. President Joe Biden predicted on Wednesday that Russia will make a move on Ukraine, saying a full-scale invasion would be “a disaster for Russia” but suggesting there could be a lower cost for a “minor incursion.” Expectations that the U.S. Federal Reserve will move more quickly to hike interest rates to combat inflation hit technology shares particularly hard overnight, pushing the Nasdaq down more than 1% into correction territory.
Analysis: SCRUM Team
