ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30:Impact of Consumer Inflation on The Index
According to the data announced by the US Department of Labor, the consumer price index (CPI) increased by 0.3 percent compared to the previous month in April, exceeding the market expectations with 8.3 percent on an annual basis. increased its pressure on instruments with high sensitivity. As the 50-period weighted moving average, which technically points to 32 700, finds support above, the selling pressure that will be in effect may force the DOW30 index to fall to the 14-month low of 31 150, behind 31 675.
