Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 11846.57 with take profit at 11877.04
Bearish Preference:
A sell position is envisaged if price trades below price 11752.59 with take profit at 11689.75
Fundamentals:
None with high impact
Comment:
U.S. benchmark 10-year yields hit their highest in over a decade on Monday, while shares slipped and the dollar firmed as investors prepared for a packed week of central bank meetings, with the chance of a super-sized hike in the United States. Markets are fully priced for a rise in\ interest rates of 75 basis points from the Federal Reserve, with futures showing a 20% chance of a full percentage point increase.
Analysis: SCRUM Team