Fundamental OverviewThe Nasdaq has been on a steady rise ever since the last week’s US Jobless Claims as the data quelled the fears around the labour market following the weak NFP report. The “growth scare” triggered by the ugly ISM Manufacturing PMI and the weak NFP report looks to be behind us for now.This week we got some more positive news on the inflation front as the US PPI surprised to the downside and the US CPI yesterday showed some more easing. That should be good news as the Fed will likely be even more dovish from now on and the chances of three rate cuts by year-end solidify. Nasdaq Technical Analysis – Daily TimeframeOn the daily chart, we can see that the Nasdaq broke above th
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