Skip to content 
Instrument: US100+
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12607.21 with take profit at 12621.02
Bearish Preference:
A Sell position is envisaged if the price trades below 12550.28 with take profit at 12540.33
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Empire State Manufacturing Index
USD Retail Sales m/m
Comment:
The US100 ended Tuesday’s volatile session slightly lower while the dollar was barely higher on Tuesday after data showed U.S. consumer inflation stayed sticky in January, pushing out expectations for a Federal Reserve rate-hiking pause. The consumer price index increased 6.4% in the 12 months through January, marking its smallest annual rise since late 2021 but faster than the 6.2% economists had expected as Americans were burdened by higher rental housing and food costs.
Analysis: SCRUM Team
