ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD May Return Earnings With U.S. CPI Data
Recently, we watched the euro recover with hawkish messages from influential members of the European Central Bank (ECB) Board of Directors. However, the strengthening dollar increased its pressure on the parity again with consumer inflation, which was announced as %8.3 on an annual basis in August, above the expectations in the USA, and with the increasing possibility of a 75 basis point increase in interest rates in the FED's critical September meeting. When technically examined, the psychological 1.0000 level in the EURUSD parity, which is directed to the correction path upon the completion of the rising wedge formation, is in a critical position. In case of a transition below with pressure, the thaws can continue up to 0.9960 support.
