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Daily Market Analysis 13.12.2023: US100

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Instrument: US100

Bullish Preference:  
Buy position is envisaged if price trades above 16420.29 with take profit at 16431.89
Bearish Preference:  
Sell position is envisaged if price trades  below 16371.55 with take profit at 16359.48
Fundamentals:
2:30pm         USD Core PPI m/m
                     USD PPI m/m
8:00pm        USD Federal Funds Rate
     USD FOMC Economic Projection
            USD FOMC Statement
8:30pm         USD FOMC Press Conference

Comment: 
Nasdaq closed higher yesterday, led by tech as an ongoing slowdown in inflation kept hopes for an early rate cut next year alive just as the Federal Reserve readies its monetary policy decision slated for later today.

Analysis: SCRUM Team

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