Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15001.64 with take profit at 15027.61.
Bearish Preference:
Sell position is envisaged if price trades below 14947.90 with take profit at 14920.14.
Fundamentals:
7:00pm USD FOMC Statement
Comment: Wall Street snapped a five-session winning streak on Tuesday before a policy update from the Federal Reserve, though things looked better in the overnight session. While no action is expected from the FOMC today, there may be a possible mention of tapering the central bank’s bond program which could shake up some investing sentiment as the winding down of purchases is seen as the first step toward interest rate hikes.
Analysis: SCRUM Team