Daily Market Analysis 10.08.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 13122.88 tp at 13145.83
Bearish Preference: 
Sell position is envisaged if price trades below 13019.61 with take profit at 12995.50
 1:30pm    USD      CPI m/m
                USD      Core CPI m/m

Investors are waiting for Wednesday’s inflation report to see if an end to interest rate hikes is in sight and whether the equities rally has legs. Inflation needs to clearly show signs of peaking and declining, otherwise, we’d expect this market to abandon some of that near-term hope and for volatility to increase.

Analysis: SCRUM Team

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