ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Remains Resilient
Yesterday, the index was slightly withdrawn, as the minutes of the European Central Bank's monetary policy meeting dated October 26-27 indicated that the Committee members thought that normalization in monetary policy should continue. However, today, according to the data of the Federal Statistical Office (Destatis), the 0.4 percent growth of the gross domestic product (GDP) in Germany in the third quarter, above market expectations, has reduced the risks of recession to a certain extent and kept the DAX40 index alive. In addition, the recovery in investor risk appetite continues to support the DAX40 index. Technically, in the index, which is likely to maintain its positive pricing behavior as long as it remains above the 14 350 level indicated by the 50-period exponential moving average, if it can be exceeded with permanent closures above 14 660, the resistance of 14 800, which will be the highest of about 5 months, can be brought to the agenda. In the possible decline below the 50 EMA, the 14 180 support can be followed.
