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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15651.95 with take profit at 15668.20
Bearish Preference:
Sell position is envisaged if price trades below 15616.43 with take profit at 15603.63.
Fundamentals:
USD 1:30PM Unemployment Claims
6:00PM FOMC Member Bostic Speaks
8:00PM FOMC Member Daly Speaks
Comment: Technology stocks, which tend to benefit from a low-rate environment, finished higher. Apple Inc (NASDAQ:AAPL) rose 0.4% to its second-highest close, and Facebook Inc (NASDAQ:FB), Amazon Inc (NASDAQ:AMZN) and Google-owner Alphabet (NASDAQ:GOOGL) Inc all advanced between 0.2% and 0.7%. Given there’s going to be some choppiness in the economic recovery because of COVID, people will look for where they can find the best future growth potential,” said Chris Graff, co-chief investment officer at RMB Capital.
Analysis: SCRUM Team
