ANALYSIS
NQ100 Finds Support from PPIApr 14
Depreciation in NQ100 May Continue
Insisting messages from the Federal Open Market Committee (FOMC) officials about 50 basis points tightening in June and July against high inflationary pressures in the USA continue to be the main reason for the NQ100 index. In addition, the speeches of the Chairman of the US Federal Reserve (FED), Jerome Powell, will also be followed closely. On the other hand, in China, the Beijing administration's news flows regarding epidemic measures and the downward revision of growth expectations appear as a factor that suppresses the risk appetite on the second trading day of the week. Technically, in the technology index where the downward trend is preserved, if the 11 650 support can be left behind with permanent closures, there may be depreciation up to 11 500 support. In the possible upward attacks that may be experienced, the psychological resistance of 12 000 will be in an important position.
