Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 33007 with take profit at 33087.
Bearish Preference:
Sell position is envisaged if price trades below 32765 with take profit at 32726.
Fundamentals:
7PM USD FOMC Statement
7:30PM USD FOMC Press Conference
Comment: Asian stocks fell on Wednesday, tracking Wall Street as investors waited to see if the U.S. Federal Reserve will signal a faster path toward policy normalization than previously expected. Global markets have been knocked in recent weeks by a rout in Treasuries that saw the benchmark yield soar to a more than one-year high as bond investors bet accelerating COVID-19 vaccinations and massive fiscal stimulus would spur faster-than-expected growth and inflation in the world’s biggest economy.
Analysis: SCRUM Team