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Instrument: DE30
Bullish Preference:
Buy position is envisaged if price trades above 15982.4 with take profit at 15992.2.
Bearish Preference:
Sell position is envisaged if price trades below 15943.4 with take profit at 15932.4.
Fundamentals:
None with Expected High Impact
Comment:
Asian session presented a varied picture today, as investors digested the latest global economic signals and central bank policy expectations.
Investor sentiment has been buoyed by expectations that the U.S. Federal Reserve may decrease interest rates by late 2024, which could lead to looser monetary conditions globally. This outlook has led to cautious optimism in some markets, while others remain watchful of central bank cues for more definitive direction.
Analysis: SCRUM Team
