NDXUSD

After the consumer price index fell to 2.9% annually and increased by 0.2% monthly, expectations for a 25 basis point interest rate cut for September increased. Despite this, the NASDAQ100 index found some room to rise. Unemployment applications, retail sales and manufacturing data will be monitored for the index during the day. The NASDAQ100 index continued its positive trend by rising above the region supported by the monitored indicators. Technically, as long as it remains above the 18850 - 18975 region, the upward trend may continue and the 19300 and 19400 levels may be reached. Alternatively, if permanent pricing occurs below the 18850 - 18975 region, the index may retreat to the 18750 and 18670 levels.