ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:European Economy Continues to Lose Strength
According to data published in partnership with London-based global information supplier IHS Markit Economics and S&P Global; the composite PMI, a measure of the strength of Europe's manufacturing and non-manufacturing (services, construction) sectors, fell for the first time in 17 months in July, pressure began to build in euro-denominated assets in international markets. On the other hand, while the dollar strengthens with the hawkish statements of the Federal Open Market Committee (FOMC) members, 1.0140 support stands out in the parity. With the break of this level, the technically ascending wedge formation may come to an end and the losses may deepen to the 1.0100 level. In possible upside attempts, the 1.0225 – 1.0265 range is a strong resistance zone.
