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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14393.25 with take profit at 14407.02.
Bearish Preference:
Sell position is envisaged if price trades below 14352.43 with take profit at 1.38653.
Fundamentals:
1:30pm USD Core PCE Price Index m/m
3:00pm USD Revised UoM Consumer Sentiment
Comment: Futures tracking the S&P 500 and Nasdaq 100 indexes were near record highs on Friday, helped by gains in major U.S. lenders and a robust earnings forecast from Nike , while investors braced for the Federal Reserve’s preferred inflation data. Bank of America expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months.
Analysis: SCRUM Team
