ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Losses May Continue in Parity
European Central Bank (ECB) Member Klass Knot's defense of an interest rate hike of more than 25 basis points for the meeting in September recovered the parity somewhat. The US Federal Reserve's (Fed) monetary policy meeting, which will be held tomorrow, will continue to tighten aggressively despite high inflationary pressures. It is seen that the way for downward movements in the parity has been paved with the expectations that the price will increase. In addition, the fact that the US 10-year bond yields have risen to a very high level of 3.30 percent is also in question. Technically, EURUSD parity, which points to the continuation of the downward movements on the second trading day of the week, can regress to 1.0360 support, which is the 1-month low, if it can break below the 1.0400 level with permanent closes. In possible upward attacks, the psychological 1.0500 resistance can be followed closely.
