ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:Parity Heads To Return Earnings
With the full pricing of the expectation that the European Central Bank (ECB) will signal an interest rate hike in July at its Thursday meeting, the recovery in the euro has come to an end. On the other hand, according to the data released by the German Federal Statistics Office (Destatis), there is pressure on the euro as factory orders in the country decreased by 2.7 percent in April, despite the market's expectation of a 0.3 percent increase. The pair also tended to return its gains in the minor channel. If the 1.0620 support can be broken in the downside dissolutions, a pullback to 1.0575 can be opened. Level 1.0700 – 1.0745 is a strong resistance.
