Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11449.37 with take profit at 11501.73
Bearish Preference:
Sell position is envisaged if price trades below price 11319.32 with take profit at 11288.13
Fundamentals:
No Major Fundamental
Comment:
Stocks and bonds around the world tumbled on Thursday, as investors digested a series of central bank interest rate rises aimed at cooling down red-hot inflation. In a whirlwind day of monetary policy decisions, the Swiss National Bank issued a surprise 50 basis point hike, followed by a 25 basis point increase from the Bank of England. Both the SNB and BoE warned that inflation may remain stubbornly high, with prices in the U.K., in particular, estimated to soar to more than 11% this year.
Analysis: SCRUM Team