NDXUSD

The Fed has forecasted two interest rate cuts by the end of the year while keeping the policy rate stable. This development has led to a decrease in U.S. 10-year Treasury yields and supported increases in the NASDAQ100 Index. At the close of the day, stocks like Tesla, Broadcom, and Netflix rose by over 3%, contributing to the upward movement. Data such as unemployment claims, the Philadelphia Fed manufacturing index, and existing home sales can be monitored throughout the day.

The NASDAQ100 Index is trading above the levels supported by the monitored indicators. In short-term pricing, as long as it stays within the range of 19800 – 19900, supported by the 21-period exponential moving average, the desire for an upward movement may continue. If positive movements persist, there could be potential for a rise towards the levels of 20090 and 20200. However, sustained pricing below this region is necessary for a desire to decline.