Nasdaq Technical Analysis

Fundamental Overview The Nasdaq rallied strongly on Friday as Fed Chair Powell tilted more dovish by saying that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” That saw traders firming up expectations for a rate cut in September which now stands around 84% … Read more

Fundamental Overview The Nasdaq had a good performance at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and … Read more