Technical Analysis:
US30 have already reached to the discounted zone on 1D time frame, we might see price going bullish soon. We need a liquidity grab of previous week lows before we go for buy in US30. If price does that we can go for buy and target 40500-40600 zones.
Fundamentals:
An index of global shares steadied on Monday as investors weighed President Joe Biden's decision to end his re-election bid at the weekend, while a surprise rate cut by China's central bank failed to boost Asian markets.
Biden announced on Sunday he would drop out of the U.S. presidential election race and endorsed Vice President Kamala Harris for the Democratic ticket to challenge former President Donald Trump, who is the Republican nominee.
Markets took the news in their stride, with MSCI's gauge of stocks across the globe EURONEXT:IACWI up 0.39% to 814.07. The index fell 2.1% last week in its worst weekly performance since April.
"I think largely the Biden bailing out was priced in; we just needed definitiveness on that," said Lou Basenese, president and chief market strategist at MDB Capital in New York. "Now you're seeing the Trump trades, more risk taking, and small caps, going long oil and gas, and Bitcoin really returning to the market.
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