NASDAQ 100 Seeks Upswing Despite High Interest Rates
The NASDAQ 100 has shown a positive trend throughout most of the week, as traders attempt to turn the recent market noise into an upward momentum. With high interest rates in place, it's no surprise that there is hesitation in this market.
Despite the challenges posed by these high interest rates, buyers continue to jump into the index, making it a situation where markets seem to offer value that people take advantage of. This trend has been consistent, with the NASDAQ 100 pushing higher on every dip.
The EUR/USD pair has fallen this week, reaching down towards the 1.14 level before turning around late in the trading week. However, it remains to be seen whether support will continue to hold.
Christopher Lewis, a technical analyst at DailyForex, notes that if interest rates in America continue to climb, it makes sense that the euro will see downward pressure.