fbpx

Daily Market Analysis 25.05.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11903.16 with take profit at 11955.71
Bearish Preference: 
Sell position is envisaged if price trades below 11736.23 with take profit at 11683.68
Fundamentals:
USD    1:30pm    Core Durable Goods Orders m/m            
Durable Goods Orders m/m      
7:00pm     FOMC Meeting Minutes

Comment: 
Asia-Pacific stocks were mostly up on Wednesday morning. However, investors continue to assess the impact of a large selloff in technology shares and growing worries of a U.S. recession caused by tightening monetary policies. China’s Shanghai Composite was up 0.53% while the Shenzhen Component fell 0.51%. Despite Beijing’s ongoing promises of stimulus, the country’s zero-COVID policy and lockdowns have done considerable economic damage.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping