Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12357.48 with take profit at 12369.96
Bearish Preference:
A Sell position is envisaged if the price trades below 12321.10 with take profit at 12309.14
Fundamentals:
4:00pm USD Fed Chair Powell Testifies
Comment:
The U.S. dollar, as measured by the DXY index, weakened slightly on Monday, down about 0.25% to 104.24, dragged lower by a small pullback in Treasury yields and positive sentiment on Wall Street. In early trading, bond rates remained somewhat subdued, while the Nasdaq 100 rose sharply, up nearly 1%, boosting riskier assets.
Analysis: SCRUM Team
