Morning Insights 9th August

Simon Alagbe

Analyst


Instrument: US 100 (NASDAQ 100)

The release of better than expected job data from the United States on Friday has returned positive optimism to the market, putting back on track the sentiment that the US economy is recovering faster than earlier expected. 


Technicals: 

The massive rejection from the 14996.46 support region on the hourly timeframe favours the bulls on the pair, with a target at 15160.62 and stop-loss at 14994.46. 


Fundamentals:

FOMC Member Bostic Speaks (US)  3:00 PM

JOLTS Job Openings  (US)  3:00 PM

FOMC Member Barkin Speaks (US) 5:00 PM

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