ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 is recovering
Along with the rising inflation rates in the Eurozone, the emphasis on gradually increasing interest rates from the members of the European Central Bank (ECB) put DAX40 index under pressure. However, higher-than-expected data set released for Eurozone and Germany led to recovery in the index. And risk appetite is also raising as a result of the meetings between Ukrainian and Russian delegates. Technically, as long as it stays above 14 400 indicating the minor channel’s line, index will be bullish and target 14 840. Below 14 400, on the other side, 14 240 will be our support.
