The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Tuesday's labour market data was mixed with unemployment increasing to 3.9% from 3.8% while there was a larger-than-expected increase in employment to fresh record highs.
Average earnings data beat market expectations with a headline increase of 3.7% in the year to July while the core rate strengthened to an 11-year high of 3.9% from 3.6%.
The CPI inflation rate increased to 2.1% for July from 2.0% previously and above expectations of 1.9%. The core inflation rate also increased to 1.9% from 1.8% the previous month.
The combination of strong wages growth and a higher-than-expected inflation rate will make it more difficult for the Bank of England to justify any cut in interest rates, especially as the impact of recent sterling's weakness has not shown up yet in the inflation data.
The sterling ticked higher after the inflation data, but EUR/GBP remains above 0.9250 with GBP/USD near 1.2070.
Political factors still dent market sentiment on the sterling as markets are still fretting over the risk of a 'no-deal' Brexit at the end of October.
The government is pushing ahead with an aggressive stance towards the EU and demanding major concessions on the Northern Ireland backstop. Prime Minister Johnson insists that the UK will leave on October 31st with or without a deal.
There are major divisions within the Conservative Party and there is the likelihood of a major battle within the House of Commons when parliament returns from recess at the beginning of September.
The underlying sentiment on the pound sterling will remain very fragile while these political fears continue.
The euro zone, however, also faces serious risks from Brexit as well as a political crisis in Italy. Second-quarter data also confirmed that the German economy contracted in the second quarter.
However, there will be an important lack of liquidity over the next two weeks during the peak holiday season. Therefore, there will be an increased threat of position squeezes and very choppy trading.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।