NDXUSD
The NASDAQ100 index is experiencing slight fluctuations due to the announcement of expected inflation rates in the US and the subsequent rise in 10-year bond yields. Although the increase in inflation to 2.6% annually has raised expectations for a rate cut by the Fed in December, its impact on the index remains limited. Considering the complex effects of Trump's policies on the markets, the index is expected to find direction based on PPI data, unemployment claims, and statements by Fed Chairman Powell during the day.
From a technical perspective, the NASDAQ100 index is trading above the 21100 – 21250 support zone. If it can maintain above the 21250 level in the short term, the index may target the 21300 and 21400 resistance levels. The RSI indicator is at the 40 level, displaying a negative outlook, which may indicate that the current downward pressure on the index could continue. In case of downward movements, if it sustainably stays below the 21100 level, the 21000 and 20900 support levels may be tested. The index has shown a decline of 0.19% compared to the previous day.
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