NDXUSD

The most important data for the Nasdaq Index will be released today: the US CPI and Retail Sales on May 15. Retail sales are expected to remain flat this month after a strong increase of 1.4% in the previous month (0.0%). This may indicate a slowdown in consumer spending and could negatively impact technology stocks. The expectation for the Philadelphia Fed Manufacturing Index to rise from -26.4 to -9.9 is seen as a positive signal. Powell's messages regarding interest rate policy will be critical for market direction. Technically, the resistance area at 21176.88 will be monitored above the pivot level of 20739, while the support area at 20566 will be followed below.