ANALYSIS
NQ100 Finds Support from PPIApr 14
Support of FOMC Minutes to NQ100
There were developments that were followed closely in terms of asset pricing in global markets yesterday. In the minutes of the Federal Open Market Committee's (FOMC) monetary policy meeting on November 1 - 2, it was stated that many of the FED Members thought that a slowdown in the rate of interest rate hikes might be appropriate. While these statements caused the dollar to lose strength in global markets, a positive movement was observed in the stock market with the rising investor risk appetite. Technically speaking, the psychological 12 000 level in the technology index, which continues to defend the rising channel movement on the fourth trading day of the week, will be followed closely. If there is a permanent close above this point, it may continue to rise up to 12 140 resistance. In the possible downward movements, 11 720 and 11 600 supports can be followed.
