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Nasdaq Composite Technical Analysis

Last week, the FOMC made the decision to temporarily halt its tightening cycle, setting it at 5.00-5.25%. The rationale behind this move was their intention to gather more economic data before proceeding with additional interest rate hikes. Their aim is to carefully adjust the appropriate level of monetary restraint required to bring inflation down to the desired 2% target, while minimizing any adverse impact on the overall economy. Following the FOMC decision, the Nasdaq Composite experienced a... Read More

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Nasdaq

Composite

Technical

Analysis

Forex

Posted: Jun 19 2023, 12:35

Author Name: forexlive

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