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Nasdaq Composite Technical Analysis

Following the miss across the board in the US CPI report, the market is increasingly confident that we are heading towards a soft landing. Such expectations are also supported by the strong labour market, as we confirmed again by the US Jobless Claims last Thursday, and the rising consumer sentiment, as seen in the University of Michigan report last Friday. As long as the labour market continues to hold, we are likely to see new highs for the Nasdaq Composite. Nasdaq Composite Technical Analysis... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: Jul 17 2023, 11:27

Author Name: forexlive

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