NDXUSD

While global markets await tomorrow's nonfarm payrolls data, data released since the beginning of the week has indicated a cooling in the US labor market. While the US 10-year bond yield fell, the Nasdaq index rose 2% led by Nvidia, which reached a new record level yesterday. The ECB interest rate decision is on the economic calendar today. While Lagarde is expected to announce a 25 basis point interest rate cut, it remains unclear what policy the bank will follow in the following months. In this sense, today's press conference will be followed closely on the global front. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 - 18800 region for the index. As long as the index remains above the 18800 level, positive expectations are at the forefront. In increases, the 19100 - 19200 levels can be followed as resistance. In declines, 18900 – 18800 levels can be followed as support. Support: 18900 – 18800 Resistance: 19100 – 19200