ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30:The Index is Under Intense Selling Pressure After TDI
The labor force statistics (NFP) for the US economy, which are closely watched by market actors, were published today. In the data set, non-farm employment increased by 528 thousand, multiplying the expectations of the markets by 250 thousand. In addition, the unemployment rate declined to 3.5 percent, revealing that the labor market is extremely tight, while the US Federal Reserve's (FED) prediction that another 75 basis points interest rate hike was opened in the September meeting increased the pressure on the dollar on assets with high-risk sensitivity. From this point of view, when the DOW30 index, which ended the minor uptrend, stretches below the 32 220 support, the losses are likely to continue to 31 915, which is indicated by the Fibonacci 38.2 percent correction line. In the possible recovery attempts of the index, the range of 32 825 - 33 130 is a strong resistance zone.
