Mid-Week Technical Outlook: NQ100_m waits on Fed rate decision
The NQ100_m jumped to a fresh 2023 high in the previous session after signs of slowing inflation supported hopes around the Fed cutting interest rates next year.
If US inflation surprises to the upside, this raises the probability of more Fed rate hikes, which the NQ100_m tends to despise. However, if November's CPI data comes out lower-than expected, this should encourage stock market bulls to charge on.
The NQ100_m jumped to a fresh 2023 high in the previous session after signs of slowing inflation supported hopes around the Fed cutting interest rates...
If US inflation surprises to the upside, this raises the probability of more Fed rate hikes, which the NQ100_m tends to despise. However, if November'...