NDXUSD

US President Trump warned that additional tariffs would be imposed on EU products following the EU and Canada’s retaliation against trade barriers. Trade Minister Lutnick announced that Trump would also introduce tariffs on copper. Meanwhile, headline and core consumer inflation came in below expectations. Despite decreasing inflation concerns, rising uncertainty has limited recoveries in the NASDAQ100 Index. The technology sector saw increases of over 2% with companies like Nvidia, Tesla, Meta, Palantir, and Netflix. Producer inflation and unemployment claims will be monitored throughout the day.

The NASDAQ100 index is trading below the supported zone. In short-term pricing, the upward pressure in the 19600 – 19700 region, supported by the 21-period exponential moving average, may remain under pressure. If declines continue, movement towards support levels of 19350 and 19250 could occur. For upward pricing, 4-hour closes above 19700 are necessary; in that case, resistance levels of 19800 and 19900 can be monitored. The key level of the day: 19600 – 19700 region.