ANALYSIS
NQ100 Finds Support from PPIApr 14
EURUSD: The Pressure May Continue in Parity
The recovery path in the euro came to an end, with the expectations that the European Central Bank (ECB) will raise interest rates after 11 years at its monetary policy meeting in July, which was fully priced in. On the other hand, following the consumer price index (CPI) was announced at the highest level in 41 years in the USA, we see that the pressure on parity increased with the expectations that the US Federal Reserve (Fed) would not decrease the tightening rate. In addition, it is possible to say that the US 10-year bond yields, which reached the highest level since 2018 at 3.21 percent, strengthened the dollar's hand. Under this outlook, the EURUSD parity, which wiped out the gains of a month with the sales hanging on the first trading day of the week, may continue to lose until the 1.0385 support if it breaks the 1.0425 level with pressure. 1.0500 resistance will be followed closely in possible upside attempts.
