Russell 2000 Technical Analysis | Forexlive
The recent rally in the Russell 2000 that was based on “soft landing” hopes as the labour market data continues to show strength and the inflation data moderates, got sort of a wake up call with the latest retail sales report which showed a big miss to the expectations and the previous numbers were revised […]
Russell 2000 Technical Analysis | Forexlive
The recent economic data gave the Russell 2000 and the market reason to break out of the Christmas holidays range and the bullish sentiment looks to be strong. The beat in NFP numbers and the miss in AHE (Average Hourly Earnings) made the market to expect a goldilocks scenario: strong labour market without wage inflation. […]