ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30:The Index Is Recovering From 1.5-Year Lows
The expectations that the US Federal Reserve (Fed) will raise interest rates by 75 basis points in at least 1 of the upcoming meetings have been fully priced in the markets. However, with the relative understanding that the FED will provide healthier economic growth by setting inflation to 2 percent, the global bond market has started to loosen. While the US 10-year treasury yields fell 3.25%, recovery is observed in the stock market. After falling to 29 670 points since February 2021, DOW30 can also retrace its losses to 31 085, then 31 430 if it can complete its transition to 30 695 resistance. Below, the 30 000 – 29 670 range will continue to be the power harvesting zone.
