ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:Parity Settling Below 1.0200 Extremely Critical
Before the critical July meeting of the Federal Open Market Committee (FOMC), we observe that the US 10-years, which found a balance of around 2.80 percent in the global bond market, put pressure on the currencies of developed countries. On the other hand, the Euro is weakened by the escalation of recession concerns over the European economy after Gazprom shut down another turbine for gas flow in the Nord Stream 1 pipeline. From this point of view, as long as the parity, which returns its 1-week gains with the sales it encounters, remains below the critical 1.0200, the risk of descending to the level of 1.0035 behind 1.0090 will also be preserved. A possible crossing above 1.0200 will follow 1.0260 resistance.
