Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15104.20 with take profit at 15120.41.
Bearish Preference:
Sell position is envisaged if price trades below 15047.24 with take profit at 15032.90.
Fundamentals:
1:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
2:15pm USD Industrial Production m/m
6:30pm USD Fed Chair Powell Speaks
Comment: The Nasdaq fell on Monday after weak data on China’s economy, but the Dow and S&P 500 were little changed as stocks recovered from steeper losses earlier in the session and investors moved into defensive sectors. Investors are looking for signs about when the Federal Reserve will rein in its easy-money policies, with minutes from the central bank’s latest meeting due on Wednesday.
Analysis: SCRUM Team