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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14942.19 with take profit at 14954.08.
Bearish Preference:
Sell position is envisaged if price trades below 14890.21 with take profit at 14879.80.
Fundamentals:
1:30pm USD PPI m/m
USD Core PPI m/m
5:00pm USD Fed Chair Powell Testifies
Comment: A big inflation jump saw stocks edge down from highs yesterday as the debate over how the long Fed can keep policy loose resurfaced. U.S. equity futures are shaking off some of the concerns this morning, with the Nasdaq and S&P 500 up 0.4% and 0.1%, respectively. The decline came after the Labor Department said inflation last month advanced at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones
Analysis: SCRUM Team
