Instrument: US100
Bullish Preference:
Buy position is envisaged if price trades above 16092 with take profit at 16104.03
Bearish Preference:
Sell position is envisaged if price trades below 16039.06 with take profit at 16027.49
Fundamentals:
None with Expected High Impact
Comment:
Nonfarm payrolls increased by 199,000 jobs last month after rising by 150,000 in October, according to data from the Labor Department’s Bureau of Labor Statistics (BLS). Economists had estimated that payrolls would climb by 180,000 roles. The uptick in wage growth, which risks boosting inflation, muddied the optimism for rate cuts, pushing Treasury yields higher, though some economists were quick to downplay the strength of report attributed to the return of employers that were on strike.
Analysis: SCRUM Team