ANALYSIS
NQ100 Finds Support from PPIApr 14
CPI data will be decisive in NQ100
Forecasts that how the Federal Open Market Committee (FOMC) will revise the rate of reducing asset purchases compared to its initial guidance are complicated. At this point, US CPI data, which will be announced today at 15:30 GMT+2, will be decisive.The consumer price index (CPI), which was 6.2 percent on an annual basis in November, may increase and indicate a slowdown in price pressures this month, which may weaken the expectation of a rise in the pace of tapering. Low investor stress in the US markets could lead the index above 16 320 and follow Fibonacci 38.2 percent expansion line indicating 16 450. A strong rise in the CPI could increase hawkish remakrs and cause the index to decline to 16 035 and 15 875 levels.
