Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12479.47 with take profit at 12528.26
Bearish Preference:
Sell position is envisaged if price trades below 12352.61 with take profit at 12268.68
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment:
The main factor cited by investors and analysts for the market’s weakness is the policy change at the Federal Reserve. As the pandemic took hold, the U.S. central bank put in place emergency policies to stabilize the economy that investors say also emboldened buying of stocks and other riskier assets. But the Fed early in 2022 signaled it was pivoting to tighter monetary policy in order to tamp down surging inflation, a significant change to the investing environment.
Analysis: SCRUM Team