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!
US indices posted minimal growth on Tuesday, with Dow Jones and S&P 500 rising only 0.1%, and Nasdaq climbing 0.2%.
Meanwhile, Asian markets closed in different directions this morning: Japan indices fell 0.1%, while China indices posted a 0.4% gain.
The oil market also grew, showing a 0.4% increase in prices. Brent traded at $ 75 ahead of the OPEC meeting and amid a strong decline in US reserves. According to latest reports, oil stocks in US fell 8.1 million over the week, which is about 2 times higher than expected. This drop indicates the continued rapid growth of the US economy.
Unsurprisingly, US also reported an increase in consumer optimism, which points to a boom in demand. Data released yesterday show that the index for June increased to 127 points.
The boom also raised home prices by a massive 14.6%, which is the largest jump recorded in 30 years. It also affected the market for new cars.
And today, ADP will publish a report on US employment, which is projected to show an increase of around 570,000.
Regarding other economies, Germany also showed a strong improvement, posting a decrease in unemployment rate from 3.8% to 3.7%.
The world's epidemiological situation is also better, thanks to the sharp decrease in new COVID-19 infections. According to the latest data, the total number of new cases is 2.5 times lower than the record last May.
Going back to the markets, S&P 500 still values 4.290 points and has a range of 4.250 - 4.320 points.
Meanwhile, the USD index rose slightly to 92.00, but still has a range of 91.70-92.30.
As for USD/CAD, it hit 1.2380 and now has a range of 1.2300-1.2470.
Conclusion: The US market will move depending on the US data that will be released today.
*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।
