NDXUSD

All eyes will be on the FOMC minutes to be released this evening for the Nasdaq 100 index, known for its high sensitivity to interest rates. Every statement in the minutes will be scrutinized in terms of shaping market expectations regarding the Fed's interest rate cut cycle. The adoption of a hawkish tone could increase the discount pressure on technology stocks. Tomorrow's PMI data and Powell's speech on Friday are other risk factors for the week.

• Technical Levels: 23,951.75 - 23,870.20 - 23,820.70 - 23,708.60 - 23,623.70 - 23,546.50 - 23,485.45
• Technical Commentary: The 23,708.60 pivot level is a critical threshold ahead of the minutes. Dovish-leaning minutes could initiate a rally towards the 23,820.70 and 23,870.20 resistances. Hawkish messages, on the other hand, could trigger a wave of selling towards the 23,623.70 and 23,546.50 supports.