NASDAQ NQ100

NASDAQ NQ100

NASDAQ NQ100

NASDAQ NQ100

US FED Balance Sheet tightening is starting and this has started a sell off in global markets. 11.800 Level is becoming an important level if we don’t see rebound soon these declines can deepen. The first resistance is 12.106 and first support level is 11.680 Level.

The dollar index eased to around 103.7 on Thursday after jumping in the previous session, as investors weighed receding safe-haven demand against expectations that aggressive Federal Reserve rate hikes will drive further dollar gains. Safe-haven currencies retreated Thursday after a deputy mayor said Shanghai will start to allow more businesses in zero-Covid areas to resume normal operations from the beginning of June, as the city looks forward to the end of lockdown. Meanwhile, the dollar remained at elevated levels as Fed Chair Jerome Powell recently affirmed that the central bank was intent on using its tools to bring down multi-decade high inflation, even if it involves moving past broadly understood neutral levels. Fears that aggressive rate hikes and persistent inflation may lead to a global recession also kept the greenback from further losses.

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18 May 2022 13:18

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