NDXUSD

This week, everything for the Nasdaq 100, which is the most sensitive index to interest rates, will focus on predicting the Fed's next move. A low CPI data to be announced on Wednesday or a weak employment report coming on Friday could trigger a strong rally in tech stocks as they would eliminate the pressure for interest rate hikes; meanwhile, stubborn inflation and hawkish messages from Powell could lead to sharp sell-offs in the index, indicating that rate cuts are further away.