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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14303.26 with take profit at 14372.42.
Bearish Preference:
Sell position is envisaged if price trades below 14098.67 with take profit at 14032.40.
Fundamentals:
8:00pm USD FOMC Statement
8:30pm USD FOMC Press Conference
Comment: Stocks were mostly up on Wednesday morning steadying after U.S. counterparts ended another volatile session. However, investors are on edge ahead of the U.S. Federal Reserve’s latest policy decision. The focus is squarely on the Fed’s policy decision, due to be handed down later in the day. The decision will be scrutinized for clues on an interest rate hike and asset tapering timetable, but it is widely expected that the former will begin in March 2022.
Analysis: SCRUM Team
