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!
EUR/USD is trading near the 1,1100 mark, the trend remains downward, and the chart shows bearish signs. The relative strength index (RSI) is falling, the pair cannot consolidate even at the lowest support line - 1.1195, which is also a sign of a further fall. When a currency pair cannot restore positions on the previous support line - it has only has one direction - down. The EUR/USD pair failed to continue the rebound following Draghi's statements, and the main driving force behind the recent fall was the optimistic report on US GDP. US economic indicators have lowered expectations for significant monetary stimulus from the Fed, and lower rates will not mean the start of a new policy easing cycle.
The moderate easing of the Fed contrasts with the ECB's strategy. So far, the European regulator abstained from any action, but laid the foundation for the announcement of a significant "package of measures" at its September meeting. Trade tensions between Europe and the United States intensify after French President Emmanuel Macron signed a law on the "digital tax" on technology companies, primarily American ones. Trump responded with a threat to introduce a tariff for French wines and other European products. Meanwhile, trade negotiations between the US and China are resuming in Shanghai - for the first time since May. All this time, the parties communicated only by phone, but now resume personal summits. Any positive news on the basis of these meetings will instantly affect the EUR/USD pair, and they will not be as good for the euro as for the dollar.
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।
