ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Index May Sustain Losses On The Last Day Of The Week
The day we left behind, the European Central Bank (ECB) gave a 25 basis point interest rate hike signal in July at the critical fourth meeting of the year, held on 8 – 9 June, by pointing to high inflation risks. Losses in the index were paved. In addition, there is strong pressure on the index in the German 10-year bond yields, which reached the peak of 8 years. Technically speaking, if the DAX40 sustains its bearish potential on the last trading day of the week, if it breaks behind the 13 870 support permanently, it can be pulled back to 13 730 support, marked by the Fibonacci 61.8% retracement line. In possible upward attempts in pricing, 14 165 and 14 300 resistances can be followed.
