ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Maintains its Recovery Potential Before FOMC Meeting
Members of the Federal Open Market Committee (FOMC) in the USA are meeting today for the decision of the February meeting. While the markets are waiting for the committee to reduce the monetary policy tightening rate by down to 25 basis points regarding the decision to be announced tomorrow after the meeting that will last for 2 days, we see that the weakening dollar supports the stocks. Technically speaking, it is quite clear that the NQ100 index is defending the upward trend. Below, 11 720 is at the key support position. As long as it holds above this point, the index is likely to carry its recovery potential up to 12 040 and then 12 215. In surprise declines below 11 720, 11 545 support can be followed.
