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
USD    1:30pm    Core Durable Goods Orders m/m            
Durable Goods Orders m/m      
7:00pm     FOMC Meeting Minutes

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

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