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Nasdaq Composite Technical Analysis - Key resistance in sight

Last week, the Fed hiked by 25 bps as expected and left everything unchanged. The market was more focused on the press conference to see if Fed Chair Powell would hint to the next policy move. Unfortunately, Powell just repeated that they are data dependent and that all options are on the table for the September meeting. Since the FOMC meeting, the data has been supporting the soft-landing narrative as the US Jobless Claims beat expectations once again and the US PCE and the Employment Cost Inde... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Resistance

Sight

Forex

Posted: Jul 31 2023, 11:16

Author Name: forexlive

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