Daily Market Analysis 04.10.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11564.04 with take profit at 11589.91
Bearish Preference: 
Sell position is envisaged if price trades below 11453.72 with take profit at 11431.49
3:00pm USD JOLTS Job Openings  

The Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.5% to 111.145, dropping to a two-week low. Traders are beginning to wonder if the slowdown visible in the U.S. and world economies will force the Federal Reserve to adjust its rate-hiking trajectory lower.

Analysis: SCRUM Team

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