NDXUSD

The Nasdaq index rose by 1.8% to 18,050 following the release of the FOMC minutes. Particularly, large technology stocks found strong buyers due to the less hawkish economic outlook presented in the minutes. Expectations that the Fed may cut interest rates in the second half of the year supported the shares of technology companies with high growth potential. The 18,800 level is emerging as medium-term support for the index, while 18,200 is highlighted as resistance. However, concerns over the trade war and potential supply chain issues in the chip sector may continue to pose risks for technology stocks.