Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12030.56 with take profit at 12081.55
Bearish Preference:
Sell position is envisaged if price trades below 11850.95 with take profit at 11784.90
Fundamentals:
7:35 pm FOMC Member Brainard Speaks
Comment:
S&P 500 and Nasdaq 100 edged up after Wall Street shares closed off lows over expectations of a 100 basis-point U.S. interest rate hike in July receded. U.S. 10-year Treasuries yields dropped two basis points to 2.94%. The U.S. inflation in June hit a 40-year high, which has stoked expectations of a 100-basis point interest rate hike from the U.S. Federal Reserve.
Analysis: SCRUM Team