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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14330.79 with take profit at 14436.39.
Bearish Preference:
Sell position is envisaged if price trades below 13990.63 with take profit at 13886.57.
Fundamentals:
2:30pm USD Advance GDP q/q
Comment: Stock futures fell early Thursday after the Dow Jones Industrial Average and S&P 500 turned lower overnight following a Federal Reserve update by chair Jerome Powell, at the conclusion of its two-day meeting. Chairman Jerome Powell rattled markets with comments that the Fed has “quite a bit of room” to raise rates before negatively impacting employment. Stocks fell sharply after the comment, and traders in the fed funds futures market are now pricing in five quarter-percentage-point increases this year.
Analysis: SCRUM Team
