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Nasdaq Composite Technical Analysis - The odds are in favour of a rally

Last Friday, the NFP report massively beat forecasts with 336K jobs added against 170K expected. The unemployment rate remained unchanged at 3.8% and average hourly earnings were a touch lower. Overall, the market viewed it as a good release with the soft-landing narrative prevailing. Over the weekend, Hamas launched a big attack against Israel which might cause some risk aversion in the markets, although it's likely to be short-lived as long as the conflict remains in the Levant.Nasdaq Composit... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Odds

Favour

Rally

Forex

Posted: Oct 9 2023, 11:02

Author Name: forexlive

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