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!
The Bank of England is likely to continue raising interest rates as inflation in the UK is reported to have slowed from 10.4% to 10.1%. Although this data is slightly below the forecast of 10.2%, inflation itself remains extremely high. Thus, the central bank had no choice but to further tighten the monetary policy parameters. However, there is nothing unexpected or new about all of this, so pound, although may have jumped back and forth, will remain in place.
Inflation (UK):
Similarly, inflation in the Euro area slowed, with consumer price growth falling from 8.5% to 6.9%. The market already expected such a scenario, so there was not much reaction. If the final data differed significantly from the preliminary data, there would have strong price movements.
Inflation (Europe):
Perhaps, the upcoming data on US jobless claims could shake the market, especially since the figure is expected to increase by around 10,000. Both initial and repeated claims are said to rise by 5,000 each. The changes may seem insignificant, but the deterioration of the situation in the labor market will weaken dollar.
Jobless claims (US):
Although EUR/USD recovered from its recent decline, it is still below 1.1000, which means that buying pressure will not return any time soon, unless the pair succeeds in returning above 1.1000. Such a movement will lead to an update of the local high.
In the case of a further decline, the current correction will extend, which will fuel short positions.
In GBP/USD, trading remains in the range of 1.2350/1.2550 for the second week, with small rebounds from the lower boundary observed. The best action in this situation is opting for a breakdown. Trading within the flat is also possible.
*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।
