Nasdaq's suckers' rally is approaching a key resistance against a backdrop of hawkish Fed expectations, US-Iran tensions
The Nasdaq rebounded all the losses from last Thursday's sharp selloff against a backdrop of a dip-buying wave and reassessment of AI-related risks. Nevertheless, this recovery looks increasingly like a "suckers' rally" against a backdrop of more hawkish Fed expectations, higher Treasury yields and a…
In this article
In today's Nasdaq today news, the Nasdaq rebounded all the losses from last Thursday's sharp selloff against a backdrop of a dip-buying wave and reassessment of AI-related risks, according to investingLive. Nevertheless, this recovery looks increasingly like a "suckers' rally" against a backdrop of more hawkish Fed expectations, higher Treasury yields and a firmer US dollar.
Key points
- We have a minor upward trendline defining the bullish momentum on the 4 hour chart.
- Trump stated yesterday that the US does not need a deal with Iran.
- On balance, the prospects for the Nasdaq stays neutral to bearish.
- This is another big negative growth driver that could eventually put more pressure on the equity market.
Nasdaq today: the details
Moreover, Trump stated yesterday that the US does not need a deal with Iran. This is another big negative growth driver that could eventually put more pressure on the equity market. On balance, the prospects for the Nasdaq stays neutral to bearish.
We have a minor upward trendline defining the bullish momentum on the 4 hour chart.
Why traders are watching Nasdaq today
Expectations for US interest rates sit behind almost every move in the dollar, bond yields and equities. When the outlook for Fed policy changes, traders reprice the whole curve of rate expectations at once.
A more hawkish tone usually supports the dollar and weighs on gold and growth stocks, while a dovish tilt tends to do the opposite. That is why traders read every comment from policymakers closely.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-12) show EUR/USD 1.1081, GBP/USD 1.3256, AUD/USD 0.6821, NZD/USD 0.5556, USD/JPY 159.7, USD/CHF 0.8331, USD/CAD 1.4249, USD/CNY 6.6683. These are reference fixes, not live quotes.
What to watch next for Nasdaq today
Traders will focus on upcoming comments from Fed officials, the next inflation and labour-market releases, and pricing in rate futures for clues about the timing of the next policy move.
Key scheduled releases on the economic calendar:
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Inflation data: How have interest rate expectations changed following this week's events? or see all of today's top market news.
FAQ
What is the latest Nasdaq today news?
The Nasdaq rebounded all the losses from last Thursday's sharp selloff against a backdrop of a dip-buying wave and reassessment of AI-related risks.
How do Fed rate decisions affect forex markets?
Higher US rates tend to attract capital into dollar assets and strengthen the greenback, while lower rates or dovish guidance usually weaken it against other major currencies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
