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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14890.77 with take profit at 14911.55.
Bearish Preference:
Sell position is envisaged if price trades below 14826.43 with take profit at 14805.11.
Fundamentals:
USD1:30 PM Unemployment Claims
3:00PM CB Leading Index m/m
Comment: Risk appetite has returned to the foreign exchange markets, causing the safe-haven dollar to backtrack a little, after fears that the rise of Covid cases would hit world growth caused a sharp selloff in equities and more risky currencies earlier in the week. We still expect net asset purchases under the Pandemic Emergency Purchase Programme (PEPP) to end in March 2022, while the pace of purchases will fall already during the autumn. Nevertheless, easy monetary policy will continue for still a long time.
Analysis: SCRUM Team
