NDXUSD

The Fed attracted attention by deciding to keep the policy interest rate steady, as the market had anticipated. Fed Chairman Jerome Powell highlighted the progress made against inflation during the press conference and indicated that there is still room for future rate cuts. According to CME data, the market expects two 25 basis point cuts this year. These developments have made it difficult for 10-year bond yields to recover, while paving the way for the NASDAQ100 Index's rise. Throughout the day, indicators such as growth rate, deflator, and unemployment claims should be monitored.

The NASDAQ100 index is trading above supportive indicators. In short-term technical analysis, if the index remains in the 21400 – 21600 range supported by the 21 (21554) and 233 (21426) period exponential moving averages, upward expectations may strengthen. If the upward movement continues, levels of 21700 and 21820 may be tested. However, for a negative trend, it is essential to maintain levels below the 21400 – 21600 range; in this case, there could be room for movement towards 21300 and 21200 levels. Key level: 21400 – 21600 range.