Instrument: UK100
Bullish Preference:
Buy position is envisaged if the price trades above 7258.4 with take profit at 7268.1
Bearish Preference:
Sell position is envisaged if the price trades below 7240.8 with take profit at 7230.2
Fundamentals:
USD
1:30 PM Average Hourly Earnings m/m
1:30 PM Non-Farm Employment Change
1:30 PM Unemployment Rate
Comment:
European equities took a hit on Thursday after private payrolls in the United States surged far more than expected in June, suggesting the labour market remained solid despite growing risks of a recession. The data also prompted a surge in the U.S. two-year treasury yield to a 16-year high, while in the UK, the yield on 10-year gilts rose to its highest since 2008.
Analysis: SCRUM Team
