NDXUSD

Thursday will be a true "turning point" for the Nasdaq, the index most sensitive to interest rate trends. The Consumer Price Index (CPI) data coming from the U.S. will provide the clearest signal regarding the Fed's next move. An inflation figure that falls below expectations has the potential to strengthen the perception that the Fed is closer to an interest rate cut cycle, potentially leading to a strong relief rally in technology stocks. Conversely, a sticky and higher-than-expected inflation number could reignite concerns that "high interest rates will stay for a longer time," creating the week’s most severe selling pressure on the index.