ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:The Recovery Can’t Gain Strength in the Index
Investor stress decreased slightly on the last trading day of the week, as the People's Bank of China (PBoC) lowered the benchmark 5-year loan prime rate (LPR) by 15 basis points to 4.45 percent by surprisingly. However, we see that the US Federal Reserve's (FED) Governing Council members are having difficulty in finding demand in the face of the strengthening dollar, as the voices for tightening with the 50 basis point interest rate hike. Technically, as long as the 12 185 – 12 335 range above is defended as a resistance, the index may resolve to 11 745 behind 11 900 with the selling pressure that will be in effect.
