ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Welcomed the New Week Negatively
The dollar is strengthening as a result of statements by influential members of the US Federal Reserve (FED) about a 75 basis point rate hike, putting pressure on risky assets. US long-term bond yields are close to 3.00 percent. Furthermore, while hawkish messages are expected from the Jackson Hole meeting of Central Bank managers, risk appetite is decreasing. Technically speaking, the psychological support of 13 000 will be followed closely in the NQ100 index, which changed the channel on the first trading day of the week and confirmed the bearish movements. If it can be passed below with permanent closures, the resolutions can continue until the support of 12 865. In upside trials, 13 300 – 13 450 can work as a strong resistance zone.
