NDXUSD

The NASDAQ100 index experienced a notable decline following the Federal Reserve's monetary policy announcements. The Fed's 25 basis point rate cut and expectation of two rate cuts for 2025 were perceived by the markets as a hawkish stance. This led to an increase in the U.S. 10-year bond yield, exerting pressure on the NASDAQ100. Additionally, the dollar index rose, causing a loss of value in opposing assets. Economic indicators, such as U.S. growth and unemployment data, continue to be closely monitored.

From a technical perspective, the NASDAQ100 index is trading near the 21,400 support level. As long as the downward movements continue, the 21,300 and 21,200 levels may be tested. To see an upward recovery, it is necessary to overcome the resistance levels at 21,500, 21,600, and 21,700. In the daily chart, the RSI indicator is at 44, presenting a negative outlook. A 0.21% increase compared to the previous day is observed, indicating a limited recovery effort.