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Nasdaq Composite Technical Analysis - We are at a key level

Yesterday, the Nasdaq Composite continued to rally as the geopolitical risk decreased given the lack of a ground offence in Gaza and the release of some hostages at the start of the week. Moreover, the US PMIs showed a balanced economy as both the manufacturing and the services sectors are now just a touch above the 50 level which indicates expansion. This is just another data point supporting the soft-landing scenario as even the labour market continues to soften via lower job openings rather t... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Level

Forex

Posted: Oct 25 2023, 12:09

Author Name: forexlive

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