Instrument: DE30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 13236.0 with take profit at 13267.4
Bearish Preference:
A Sell position is envisaged if price trades below price 13156.7 with take profit at 13129.8
Fundamentals:
No high impact bearing to this instrument.
Comment:
European stock markets weakened Wednesday, with fresh hawkish comments from a Federal Reserve official prompting caution. It’s very clear, the Fed has to tighten monetary policy, Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday in Minneapolis. “When inflation is 8% or 9%, we run the risk of unanchoring inflation expectations and leading to very bad outcomes.”
Analysis: SCRUM Team