ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index Recoveries May Be Limited
After the inflation data announced at the peak of 41 years in the USA, which is at the focal point of global markets, eyes are on the meeting of the Federal Open Market Committee (FOMC), which will be completed tomorrow, on 14-15 June. Expectations that the bank might raise interest rates by 50 basis points at the meeting put pressure on the NQ100 index. In addition, the high course of the US 10-year bond yield of 3.29 percent strengthens the dollar considerably. Technically speaking, the technology index, which maintains its downward trend on the second trading day of the week, may decline to 11 090 support, the lowest level it has seen since November 2020, if it prints behind the 11 250 level. In case of possible upward attacks in the NQ100 index, 11 570 and 11 700 resistances can be followed.
