Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34046 take profit at 34153.
Bearish Preference:
Sell position is envisaged if price trades below 33849 take profit at 33724.
Fundamentals:
No Major Fundamental
Comment:
Main Wall Street stock indexes and U.S. Treasury yields rose on Wednesday after the U.S. Federal Reserve hiked interest rates and laid out an aggressive plan for further increases to combat inflation. In a widely expected move, the Fed announced a quarter percentage point increase in the overnight federal funds rate, lifting that key benchmark from its near-zero level. It was the first rate increase since 2018.
Analysis: SCRUM Team