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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14286.34 with take profit at 14360.91.
Bearish Preference:
Sell position is envisaged if price trades below 14131.86 with take profit at 14057.29.
Fundamentals:
4:00pm USD CB Consumer Confidence
Comment: Asia Pacific stocks were down on Tuesday morning, alongside U.S. equity futures. U.S. shares closed a hair-raising volatile session as concerns over U.S. Federal Reserve monetary policy tightening and geopolitical tension continue to grow. Investors will closely monitor the Fed’s policy decision, which will be handed down on Wednesday. Global shares are down more than 6% in January to date over expectations that the central bank will hike interest rates sooner than expected, alongside uneven company earnings.
Analysis: SCRUM Team
