Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34502 with take profit at 34534.
Bearish Preference:
Sell position is envisaged if price trades below 34328 with take profit at 34279.
Fundamentals:
USD 1:30 PM Unemployment Claims
3:30 PM ISM Manufacturing PMI
Comment: The Federal Reserve has made a substantial improvement in the health of the U.S. jobs market its chief priority as regards timing the withdrawal of monetary stimulus.
Wednesday’s ADP payrolls report showed private-sector employers added 692,000 jobs in June, more than expected. However, the ADP report hasn’t always been the best guide for the official nonfarm payrolls figure: last month ADP came in initially at 978,000 and payrolls at 559,000
Analysis: SCRUM Team