ANALYSIS
NQ100 Finds Support from PPIApr 14
USIndex is at the highest of the last 18 months
FOMC decision continues to be effective in the markets after giving a clear signal the central bank is ready to raise US interest rates in March. In addition, data released by the Department of Commerce yesterday indicated a strong growth above the projections in the US economy, leading to a strong dollar pressuring on other developed country currencies. Technically, the index put an end to the descending channel and hit the highest level of the last 18 months. If it stays above 97.00, we will follow 97.50 and 97.85 resistance levels. On the other side, we will follow the support zone located between 96.70 and 96.35 below 97.00.
