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Nasdaq Composite Technical Analysis - Bulls and Bears are watching this support

Last week, the Fed hiked the interest rates by 25 bps as widely expected keeping everything unchanged. Fed Chair Powell reiterated their data dependency and kept all the options on the table. The economic data since the FOMC meeting has been pretty solid and the labour market indicators keep on running hot. This week we got a selloff that began with the rating agency Fitch downgrading US credit rating to AA+ from AAA and then extended further as the US ADP report came in hot again. Nasdaq Compos... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Bulls

Bears

Watching

Support

Forex

Posted: Aug 4 2023, 11:09

Author Name: forexlive

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