ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:FED Effect on Parity
The European Central Bank (ECB) announced that it will hold an unscheduled meeting today to evaluate sales in the bond market. Euro-denominated assets were slightly supported. The strong outlook of the dollar is one of the main pressure factors on the parity, with the expectation that the US Federal Reserve will continue its aggressive tightening at the critical monetary policy meeting to be announced today. In this context, if the pair is likely to continue its movements on the third trading day of the week, if the pair is permanently below the 1.0420 level, the losses may continue until the 1.0375 support. In possible upward attempts, psychological 1.0500 resistance will be followed closely.
