ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD:The Pair Is At 20-Year Lows
The meeting minutes of the European Central Bank (ECB) was published. In the minutes, we saw some recovery in the pair, with members generally pointing out that there may be more than 25 basis points interest rate hikes if necessary against high inflation. However, the prospects of a complete shutdown of Russian gas in Europe continue to raise recession concerns. On the other hand, the strong outlook of the dollar and the high US 10-year bond yields at 2.90% are putting pressure on the parity. Technically, the EURUSD parity, which continues its downward trend on the fourth trading day of the week, can deepen its losses until the psychological 1.0100 support if it can leave the 1.0150 level behind permanently. In the possible upside scenario, 1.0240 resistance can be watched closely.
