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Nasdaq Composite Technical Analysis - Watch this key support

It’s increasingly evident that the market is taking the weaker labour market data as good news for inflation and the soft-landing scenario. In fact, last week we got many big misses heading into the NFP report, but the US Jobless Claims showed that the labour market is still fine and the NFP beat expectations. We have also got a jump in the unemployment rate, but it was accompanied by a rise in the participation rate and the average hourly earnings surprised to the downside, which is another goo... Read More

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Posted: Sep 4 2023, 11:05

Author Name: forexlive

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