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Nasdaq Composite Technical Analysis

The latest NFP report, released on Friday, once again surpassed expectations, maintaining an impressive streak of 14 consecutive beats on the headline number. However, a closer analysis of the report's specifics unveils a less remarkable scenario. The unemployment rate witnessed a notable surge, jumping from 3.4% to 3.7%, marking the largest month-over-month increase since the onset of the pandemic. Additionally, there was a slight decrease in average workweek hours, often seen as an indication... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: Jun 5 2023, 12:52

Author Name: forexlive

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