Outlook on FTSE 100, S&P 500 and Nasdaq 100 ahead of US Non-Farm Payrolls
The Nasdaq 100’s sharp drop from Monday’s record high at 18,342 to Tuesday’s 17,805 low has been followed by another up leg which nears its peak with the 18,400 region being eyed amid Friday’s US Non-Farm Payrolls release.
The negative divergence seen on the daily RSI, whereby the oscillator didn’t confirm this week’s price record high, for the time being, remains in play, however.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
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