ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100: The Decline in the Index May Continue
On the last trading day of the week we left behind, the expectations that the US Federal Reserve (FED) will continue to increase interest rates after the non-farm employment data in the USA exceeded the market expectations with 428 thousand people, putting pressure on the NQ100 index. On the other hand, the fact that the dollar index is priced at 104.0, the highest level in 20 years, has a strong effect on the technology index. On the other hand, the pricing of the dollar index at the 20-year high level of 104.0 has a strong impact on the technology index. In addition, Minneapolis FED President Kashkari's statement that the United States may enter a ‘recession’ if the problems in the supply chain cannot be solved also has a downward contribution. Under this outlook, if the NQ100 index, which continues its downward trend, can break the 12 445 level with permanent closures, the losses may continue to the 12 300 support, which is the lowest in a year. In case of possible upward attacks, the 12 740 resistance level may enter the radar of market players.
