Buy position is envisaged if price trades above 82.35 with take profit at 83.03 .
Sell position is envisaged if price trades below 81.21 with take profit at 80.52.
No Major Fundamental
Comment: Stock markets were deep in the red and some key government bond yields climbed to their highest in years on Thursday after the Federal Reserve signalled the possibility of faster-than-expected U.S. rate hikes and stimulus withdrawal. Minutes from the Fed’s December meeting had shown that a tight jobs market and unrelenting inflation could require the U.S. central bank to raise rates sooner than expected and begin reducing its overall asset holdings – a process known as quantitative tightening (QT).
Analysis: SCRUM Team