ANALYSIS
NQ100 Finds Support from PPIApr 14
50 EMA Will Be Decisive in DAX40
It is observed that there is a burden on the index with the increase of recession risks in Europe. However, today, it is possible to say that the People's Bank of China (PBoC) cut the policy interest rate by 10 basis points to support the economy, the relatively low levels of investor stress in Europe (VSTOX: 22.30), and the relatively weak euro support the DAX40 index. Technically, in the DAX40 index, which we consider to maintain its buyer potential above 13 625, which is indicated by the 50-period exponential moving average, if it can be surpassed 13 900, an increase can be recorded up to 14 090 resistance. In the transition below the possible 50 EMA, 13 440 support can be followed by market actors.
