ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:Recovery Remains Limited in Parity
According to the European Statistical Office (Eurostat), the external trade balance of the Eurozone re
corded a deficit of 16.4 billion euros in March. On the other hand, we observe that parity is under pressure as the dollar has strengthened after New York FED President Williams underlined that strict rate hikes will continue to prevent inflation and the other members have sent aggressive messages regarding the key interest rate. Technically, with the rally limited to the 100-period moving average on the first trading day of the week, parity could continue to decline on easing to support at 1.0320. Resistance at 1.0455, marked by the 100 WMA, remains important in possible upside attempts.
