Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 13269.85 with take profit at 13281.27
Bearish Preference:
A sell position is envisaged if the price trades below 13222.69 with take profit at 13209.05
Fundamentals:
1:30pm USD CPI m/m
USD CPI y/y
USD Core CPI m/m
Comment:
The Federal Reserve’s willingness to end its interest rate rise campaign here hinges just a few high-frequency data points over the months ahead – and April’s inflation readout sits high on that list. With markets edgy about the U.S. debt ceiling standoff and ongoing ripples from the March regional banking blow out, the running assumption is the Fed’s campaign is over and disinflation underway. Investor’s are at the moment trading cautiously and looking forward to CPI later today.
Analysis: SCRUM Team