fbpx ...

Daily Market Analysis 11/08/2021:

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15033.57 with take profit at 15045.43.
Bearish Preference: 
Sell position is envisaged if price trades below 14999.42 with take profit at 14983.45.
Fundamentals:
1:30pm     USD CPI m/m
                 USD Core CPI m/m

Comment: Stock indices are mixed as Wall Street awaits July consumer inflation numbers.
Nasdaq is currently weaker in the face of higher rates.
The 10-year Treasury yield is up another 3 basis points to 1.37%, the highest it’s been since mid-July. It’s on a five-day rising streak, the longest since late January and early February.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.