ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30:Index Loses With The Opening Of The U.S. Session
On the last day of the week, we saw a limited recovery in assets with high risk sensitivity, with the People's Bank of China (PBoC) pulling the 5-year loan prime rate (LPR) to 4.45 percent with a 15 basis points decrease. However, in the U.S., which is at the focal point of global markets, we observe that U.S. futures have difficulty in finding demand in the face of the dollar, which is strengthened by the voices of 50 basis points tightening from the Central Bank (FED) Governing Council Members for high inflation. Technically, DOW30 index, which tends to deepen the downtrend with the opening of the US session, can fall to 30 780, which is the lowest level of about 1.5 years, if it can get behind the psychological 31 000 support level permanently. In the possible upside scenario that may be experienced in the DOW30 index, the 31 500 resistance may enter the mark of the market players.
