NDXUSD

The interest-sensitive technology index is preparing to close the week negatively with the strengthening of the "higher rates for a longer period" scenario following yesterday's employment data that exceeded expectations. The PMI figures, which are the last critical data of the week, will determine the fate of the index. A PMI figure indicating a significant slowdown, particularly in the services sector, which constitutes an important part of the economy, could spark a relief rally in the index by nurturing hopes that the Fed might now consider easing measures.