Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The US dollar resumed losing its positions before the opening of the US trading session, thereby continuing the correction movement that began on Friday. In general, this is not surprising, as the market is preparing for the publication of US inflation data. And although they are coming out only tomorrow, the forecasts for them are extremely disappointing. Moreover, data on producer prices are being published today, the growth rate of which should accelerate from 8.6% to 8.7%. If so, inflation will continue to grow. And all this is against the background of already greatly increased concerns about the global growth of inflation.
It turns out that inflation is already quite high, which in itself carries huge risks, so it will continue to grow. Naturally, all this does not add optimism to the US dollar. Moreover, the Fed has begun to behave somewhat strangely, and instead of raising the refinancing rate as soon as possible, it declares that interest rates will only begin to rise in 2023. Based on all of the above, it is extremely likely that we will observe the continued weakening of the US dollar over the next couple of days.
Producer Price Index (United States):
The EUR/USD pair quickly increased by more than 90 points during the correction from this year's local low. As a result, the quote approached the interaction area of trade forces 1.1600/1.1615, where there was a slight stagnation. It can be assumed that if the quote fails to stay above the level of 1.1625, a pullback may occur in the market.
The GBP/USD pair has partially restored the exchange rate relative to the recent decline. Now, the resistance level of 1.3600 is in the way of buyers, which can negatively affect the volume of long positions. This will lead to a slowdown-pullback stage.
*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।
