NDXUSD

This week, the most critical day for the Nasdaq 100 index will be Thursday. U.S. employment data is expected to show Non-Farm Payrolls at 120K (previously 139K) and the unemployment rate rising to 4.3% (previously 4.2%). Weakness in the labor market could support technology stocks by reinforcing expectations that the Fed will cut interest rates. Powell's messages during his speech on Tuesday will also be closely monitored. In the U.S., the ISM Manufacturing PMI is expected to be 48.8 (previously 48.5), indicating a contraction in the manufacturing sector, while the Services PMI is expected to be 50.8 (previously 49.9), signaling a transition into growth territory. Since technology companies in the Nasdaq are more closely tied to the service sector, this data could have a positive impact.