ANALYSIS
NQ100 Finds Support from PPIApr 14
XAUUSD May Accelerate With CPI Data to Be Released in the USA
Global markets are anticipating the release of US inflation statistics today. The consumer price index (CPI) is expected to fall 8.7 percent over the year, according to market predictions. Data to be realized in this direction may reduce the pressure on the US Federal Reserve (FED) to increase interest rates by 75 basis points, as well as revive the demand for ounce gold. In addition, Taiwan’s tension on the US-China line also supports safe-haven purchases. Looking at the technical outlook, the recovery path is preserved. When the 1800 level, which stands out as the psychological border line above, is exceeded, the 1812 resistance, which will be the highest level since July 5, may come to the fore. In retreats, 1780 and 1768 supports will be followed.
