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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13193.01 with take profit at 13223.77
Bearish Preference:
Sell position is envisaged if price trades below 13064.98 with take profit at 13031.73
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
7:00pm USD FOMC Statement
USD Federal Funds Rate
7:30pm USD FOMC Press Conference
Comment:
Asia Pacific stocks were mostly up on Wednesday morning, and bonds are under pressure, ahead of the U.S. Federal Reserve’s latest policy decision. Investors are bracing for the biggest interest rate hike since 2000 while awaiting further clues on how aggressively the central bank will tackle inflation.
Analysis: SCRUM Team
