ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD Fell Below the Psychological 1.0000
Recession concerns in Europe continue to increase day by day. These concerns are also supported by the risks arising from the energy crisis between the West and Russia. In addition, during the week we left behind, we see that while the dollar strengthened, the pressure on the parity increased with the statements of influential FED members that the aggressive stance should continue despite the declining inflation from the peak of 41 years. From this point of view, the parity, which has been loosening below the psychological border line for the first time since July 14, may come to the fore at 0.9915, which will be the lowest level of 20 years, behind the persistence of the parity below 1.0045. In the crossing over the possible 1.0045, the 1.0095 resistance can be followed closely by the market actors.
