FXOpen
The Nasdaq 100 (US Tech 100 mini on FXOpen) has fallen below 20,500 for the first time since November 2024.
Bearish sentiment driven by:
→ The latest US jobless claims report, which showed the highest figures of 2025.
→ Concerns over the destabilising and economically damaging potential of Donald Trump’s trade policies.
Nvidia (NVDA) Among the Biggest Losers
While the Nasdaq 100 lost over 2.5% in yesterday’s session, Nvidia (NVDA) shares plunged nearly 8% despite a stronger-than-expected quarterly report, as we noted yesterday.
Technical Analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen)
The ongoing decline has resulted in a bearish breakout of the trendline (marked in blue) that originated in 2024. Based on key reversals (highlighted with red circles), the chart now outlines a descending channel. An attempted breakout (indicated by an arrow) failed, forming a bearish Rounding Top pattern.
If bearish sentiment prevails—especially with focus on inflation data, as the Core PCE Price Index is set to be released today at 16:30 GMT+3—Nasdaq 100 (US Tech 100 mini on FXOpen) may drop further towards the lower boundary of the descending channel.
Trade global index CFDs with zero commission and tight spreads (additional fees may apply). Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Stay ahead of the market!
Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.
Latest articles
Gold Price Holds Near Key Support
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions.
Bullish view: the key support is the lower boundary of the long-term channel that has been
EUR/USD Chart Analysis: Pair Rebounds from the Year’s Low
Analysing the EUR/USD chart five days ago, we:
→ constructed a downward channel, noting signs that the bears remained in control;
→ outlined a scenario in which the rate would decline to a new yearly low (and test the lower boundary
Dollar Index (DXY) Hits Yearly High
Today, the dollar index rose above last week’s peak around the 99.68 level, setting a new high for 2026. This movement is supported by a tense fundamental backdrop:
→ Inflationary pressures from rising oil prices. Markets may be pricing