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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34354 with take profit at 34434.
Bearish Preference:
Sell position is envisaged if price trades below 34166 with take profit at 34089.
Fundamentals:
USD 7:00 pm FOMC Economic Projections
FOMC Statement
Federal Funds Rate
USD 7:30 pm FOMC Press Conference
Comment: Traders are in wait-and-see mode before the latest Fed meeting, with U.S. equity futures hovering close to the flatline for most of the night. While the central bank is not expected to take any action, there will be plenty of accompanying commentary when Chair Jerome Powell takes the stage.
Analysis: SCRUM Team
