ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30:The Index Is Recovering with the Decline in Investor Stress
Today, with Netflix's announcement that it lost 970,000 subscribers in the second quarter of the year, there was some loss of momentum in the DOW30 index. However, the moderate easing in the dollar continues to support relatively risk-sensitive assets after the authorized members of the FED removed the 100 basis point interest rate hike from the table at the critical July meeting. In addition, the effects of the Chinese Central Bank's (PBoC) continued support to the economy by keeping the indicative 1-year main interest rate for bank loans at 3.7 percent are also felt in the DOW30 index. When examined from a technical point of view, the psychological 32 000 resistance is in a critical position in the index, which continues the recovery momentum. By exceeding this point, the 32 310 resistance may come to the fore. In possible withdrawals, 31 000 support can be followed after 31 360 support.
