Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12085.33 with take profit at 12112.09
Bearish Preference:
Sell position is envisaged if price trades below 11990.17 and take profit at 11963.77
Fundamentals:
2:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
The dollar was pinned near 16-week lows against a basket of major currencies on Friday ahead of key U.S. labour market data. Investors are now turning their attention to nonfarm payrolls data on Friday for clues on how rate hikes have affected the labour market.
Analysis: SCRUM Team