ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD Could Update to 2.5-Year Low
The risks of recession in the UK continue to rise day by day. With the release of the PMI data, which shows the conditions of manufacturing activities on the day we left behind, at the lowest level since May 2020, recession risks continue to be alive. In addition, the strong outlook of the dollar continues to weigh on the currencies of developed countries. The US 10-year bond yields have risen to 3.25%. Under this outlook, it is a tangible possibility for the pair to maintain its bearish trend and drop to 1.1485 support, which will be the lowest level since March 2020 after 1.1520. In upside attractions that may be experienced, the resistance of 1.1615 can be followed closely.
