ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:Parity Can Limit The Rises
The current account balance for the Euro Zone showed a deficit of 1.6 billion euros in March for the first time since 2012, the fact that the producer inflation (PPI) data in Germany, which was announced today, exceeded expectations in April, indicates that price pressures will continue. Euro-denominated assets are also under pressure. In addition, on the US Federal Reserve's (FED) wing, President Jerome Powell's recent 50 basis point interest rate hike and, if necessary, more aggressive tightening has a strong weight on the pair. From a technical point of view, if the downtrend continues to break the 1.0525 level, it could slide down to the 1.0470 support. In the possible upside scenario, 1.0620 and 1.0665 resistances can be considered.
