NASDAQ
Smart Money moves into cheap stocks in Nasdaq and this is creating a rally but FOMC Minutes have shown us that FED will go on being hawkish and it may lead some declines soon. The first resistance is 12.647 and first support level is 11.953 Level.
The dollar index held firmly above 107 on Friday, inching closer to a fresh 20-year high, as investors await US jobs data which is expected to remain solid in June, bolstering the case for another supersized rate hike from the Federal Reserve. In the latest Fed commentary, two of the most hawkish policymakers, Christopher Waller and James Bullard, backed raising interest rates by another 75 basis points this month to curb red-hot inflation. An aggressive stance against inflation among major economies also stoked fears of a global economic slowdown, prompting investors to rush for the safe-haven dollar. The greenback gained markedly against the euro as looming gas shortages in Europe threatens to derail the region's economic growth. The dollar index is up almost 2% so far this week and is headed for its second straight weekly gain.
NASDAQ100
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