Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.06476 with take profit at 1.06615
Bearish Preference:
Sell position is envisaged if price trades below 1.05807 with take profit at 1.05655
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Empire State Manufacturing Index
USD Retail Sales m/m
Comment:
European stock futures lower ahead of ECB, BoE; hawkish Fed weighs European stock markets are expected to open lower Thursday, after hawkish rhetoric from the U.S. Federal Reserve and amid caution ahead of more central banks meetings in Europe and the U.K. The Fed concluded its last policy-setting meeting of the year on Wednesday, increasing interest rates by 50 basis points, as widely expected, a step down after delivering four consecutive 75 bps hikes, but signaled more increases by the end of 2023.
Analysis: SCRUM Team
