NDXUSD

The eagerly awaited US inflation headline data the other day was announced in line with expectations on an annual basis, while monthly inflation fell to 0.3%, below market expectations of 0.4%. Core inflation fell from 3.8% to 3.6% on an annual basis, marking the lowest increase in the last three years. Markets expect the Fed to cut interest rates by a quarter point twice this year. Industrial production, unemployment benefit applications, and statements by FOMC members are among the headlines to be followed for index movements during the day. When we examine the short-term pricing of the Nasdaq index futures contract technically, we follow the 18600 -18700 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations may come to the fore with the downward break of the 18600 level. In this case, 18400 – 18300 levels can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800