NDXUSD

The Nasdaq 100 index is currently pricing in the expectations formed in the markets following Fed Chairman Powell's speech on Tuesday. Today, the Philadelphia Fed Manufacturing Index data coming from the U.S. (expectation: 8.6) will be an important indicator for the tech-heavy Nasdaq. If the index falls below expectations, this may raise concerns about an economic slowdown, putting pressure on technology stocks. Tomorrow, critical labor market data such as Non-Farm Payrolls, Average Hourly Earnings, and Unemployment Rate from the U.S. will be decisive for the index's direction. Strong labor data could support the Fed's hawkish stance and create pressure on the Nasdaq with high interest rate expectations, while weak data could support the index with expectations that the Fed will be more cautious about raising rates.