Nasdaq Technical Analysis – Just a healthy pullback or more downside ahead? ...Middle East

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Nasdaq Technical Analysis – Just a healthy pullback or more downside ahead?
Fundamental OverviewThis week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report.As a reminder, the Fed is now very focused on the labour market as Fed Chair Powell said that they will not welcome any more weakness and will do everything they can to keep it strong. Therefore, the data will decide whether the central bank will go with a standard 25 bps cut in September or take a more aggressive approach with a 50 bps cut.In today’s context though, weaker labour market data and the prospect

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