NDXUSD

Despite President Trump's suspension of the 25% tariffs on Canada and Mexico, new tariffs from Canada continue to take effect. China is also expected to implement new tariffs next week, which is increasing the perception of risk. Despite the decline in the 10-year bond yields, negative effects are being observed on the semiconductor sector and the NASDAQ100 Index. Throughout the day, hourly earnings, unemployment rates, and non-farm payroll data will be closely monitored alongside statements from Fed Chairman Powell and Trump.

The NASDAQ100 index is trading below the levels supported by the indicators being monitored. In short-term technical assessments, the desire for an upward movement is under pressure in the 20420 – 20565 region, supported by the 21-period exponential moving average, while the continuation of the downward trend is possible. If declines persist, movement towards the support levels of 20150 and 20000 may occur. The 19900 – 20000 range emerges as a critical threshold in terms of downward pressure.