Instrument: US100
Bullish Preference:
Buy position is envisaged if price trades above 16420.29 with take profit at 16431.89
Bearish Preference:
Sell position is envisaged if price trades below 16371.55 with take profit at 16359.48
Fundamentals:
2:30pm USD Core PPI m/m
USD PPI m/m
8:00pm USD Federal Funds Rate
USD FOMC Economic Projection
USD FOMC Statement
8:30pm USD FOMC Press Conference
Comment:
Nasdaq closed higher yesterday, led by tech as an ongoing slowdown in inflation kept hopes for an early rate cut next year alive just as the Federal Reserve readies its monetary policy decision slated for later today.
Analysis: SCRUM Team