Nasdaq Steady as Markets Await Fed Powell Speech on Rate Outlook

Major US indices showed consolidation Monday with the Nasdaq 100 holding steady after Nvidia's recent rally, as traders positioned ahead of Federal Reserve Chair Powell's upcoming speech. EUR/USD remained range-bound near 1.1050, showing minimal movement as markets digested mixed signals from both regions. GBP/USD maintained its position around 1.3300, with traders cautious about taking directional bets before Powell's remarks. The FTSE 100 tracked sideways alongside European peers. Market participants are focused on Powell's speech for clues about the Fed's rate trajectory following last week's 50 basis point cut. Technical indicators suggest a wait-and-see approach across major pairs, with implied volatility remaining subdued. The dollar index held near 101.00 as traders balanced expectations for further Fed easing against concerns about the pace of cuts.