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Nasdaq Composite Technical Analysis - Key moment for the index

Yesterday we got another strong US jobs report as the Job Openings data beat expectations by a big margin. Coupled with the last week’s beat in Jobless Claims and this week ISM Manufacturing PMI, the market is starting to lose faith in a quick return to lower interest rates and might even fear higher rates. Overall, the data is still supporting the soft landing narrative but the market shouldn’t be priced for neither higher rates nor a hard landing. Nasdaq Composite Technical Analysis – Daily Ti... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Moment

Index

Forex

Posted: Oct 4 2023, 12:00

Author Name: forexlive

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