Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15907.03 with take profit at 15967.50.
Bearish Preference:
Sell position is envisaged if price trades below 15745.15 with take profit at 15703.36.
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: U.S. stock futures edged higher Friday, ahead of a report expected to show the U.S. economy adding jobs as the Federal Reserve readies a rate-hike cycle. After a week in which the yield on the 10-year Treasury TMUBMUSD10Y, 1.725% surged — pressuring growth stocks and bolstering financials — traders are looking to see if the jobs report is in line with the optimistic expectations of Federal Reserve officials.
Analysis: SCRUM Team