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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15098.88 with take profit at 15984.75.
Bearish Preference:
Sell position is envisaged if price trades below 14946.95 with take profit at 14851.16.
Fundamentals:
11:00am EUR EU Economic Forecasts
2:30pm USD CPI
USD Core CPI m/m
USD Unemployment Claims
Comment:
Asia Pacific stocks were mixed on Thursday morning, even after U.S. counterparts closed their best day in the month to date. The benchmark 10-year U.S. Treasury yield was on a downward trend ahead of U.S. data that could impact how fast the Federal Reserve tightens its monetary policy. With the U.S. inflation data, including the consumer price index being due later in the day, there is an expectation that inflation will decline sharply. I think that might be optimistic because a lot of the factors driving inflation will still be with us. The Fed is already behind the curve.”
Analysis: SCRUM Team
