Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 33995 with take profit at 34064.
Bearish Preference: Sell position is envisaged if price trades below 33876 with take profit at 33822.
Fundamentals:
1:30 PM USD Final GDP q/q
Unemployment Claims
Comment: U.S. stocks are seen opening higher Thursday, rebounding from Wednesday’s dip as investors digest comments from Federal Reserve officials ahead of a number of economic data releases.
There are more Fed speakers due to explain their thinking later Thursday, including John Williams, the president of the Federal Bank of New York, who stated Monday that it was too early for the central bank to begin reining in its asset purchases.
Analysis: SCRUM Team