ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ is bullish amid easing Ukraine tensions
Russian President Putin’s statement that they do not want a war in Europe and they decided to pull back some troops from exercises that have raised fears of a potential invasion of Ukraine, led to geopolitical tensions to be eased. Thus, we observed bullish moves in NASDAQ. On the other hand, data pointing out that the price pressures on the world's largest economy are still maintained, creating the expectation that the Fed will raise interest rates stronger in March, causing a loss of momentum in the index. Consequently, the index opened moderately on the third trading day of the week and if it exceeds 14 720 resistance upwards, we will follow 14 850. On the other side, 14 470 and 14 345 support levels will be on our radar.
