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Nasdaq Composite Technical Analysis - Key Level in Sight

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 was confirmed again by the US Jobless Claims last Thursday, and the rising consumer sentiment, as seen in the University of Michigan report last Friday. Moreover, the US Retail Sales recently missed on the headline numbers, but the Control Group, which is seen as a better gauge of consumer s... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Level

Sight

Forex

Posted: Jul 20 2023, 12:47

Author Name: forexlive

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