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Instrument: DE.30
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 15339.4 with take profit at 15398.0
Bearish Preference:
A sell position is envisaged if the price trades below 15263.6 price with take profit at 15233.7
Fundamentals:
1:30pm USD Unemployment Claims
Comment:
European stock markets weakened Thursday as investors digested the latest interest rate increase by the U.S. Federal Reserve ahead of a policy-setting meeting by the Bank of England. The Fed raised its benchmark interest rate by 25 basis points as widely expected, forecasting at least one more hike this year, and saying it has no intention of cutting interest rates this year. The central bank also trimmed its outlook for annual GDP, with the banking turmoil likely to have an impact on growth.
Analysis: SCRUM Team
