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Instrument: US100
Bullish Preference:
A Buy position is envisaged if the price trades above 14871.73 with take profit at 14926.07
Bearish Preference:
A Sell position is envisaged if the price trades below 14783.44 with take profit at 14734.53
Fundamentals:
2:00pm
USD FOMC Member Harker Speaks
Comment:
The recent surge in long-term bond yields suggests the market has embraced the idea that rates will remain higher for longer, with economic activity having proved to be more resilient to higher borrowing costs so far than many had predicted.
The major indices closed lower Thursday after the benchmark 10-year Treasury yield climbed to levels not seen since the 2007 financial crisis [see above] following Federal Reserve Chair Jerome Powell saying the U.S. central bank is “proceeding carefully” on monetary policy decisions while acknowledging that signs of ongoing economic growth could warrant further policy tightening.
Analysis: SCRUM Team
