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Daily Market Analysis 07.10.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11532.27 with take profit at 11547.15
Bearish Preference: 
Sell position is envisaged if price trades below 11473.18 with take profit at 11460.36
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate

Comment: 
U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark indices extended declines during regular trade as investors await Friday’s key jobs data for further clues into the path of future interest rate hikes from Federal Reserve policymakers.

Analysis: SCRUM Team

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