The Annual Rate Of The US CPI In March Recorded 8.5%, Nasdaq Gained Thrust
U.S. inflation peaking? Nasdaq bulls have the upper hand.
The stable investors could wait and see. The active investors are suggested to bargain hunt with current prices, Target 14300, and Stop-Loss by 13800.
The annual rate of U.S. CPI in March hit a 40-year high of 8.5%, and the monthly rate of core CPI hit a new low since September last year. At least six Wall Street banks said the U.S. CPI after the seasonal adjustment in March was the peak of this wave of inflation, and that inflation has peaked. Fed swap traders cut their 2022 rate hike forecasts. Overall, as inflation is likely to peak, traders have lowered their expectations for a rate hike by the Federal Reserve in 2022, which will benefit the Nasdaq.
From the daily level chart, the quotation is located at the lower track of Bollinger and below all MA moving averages, which is favorable for investors to intervene on dips. The sub-index MACD bearish kinetic energy is increasing and the KD double-line downward is favorable for investors to make a low and long layout, and the 13800 to 14000 range is the lower edge of the transaction-intensive area, which may be supported. From the one-hour level chart, the Nasdaq is located near the Bollinger middle rail and breaks through the MA5 short-term moving average, indicating an initial rebound pattern. Therefore, the Nasdaq mainly maintains a bullish layout.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.