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!
Although US inflation dropped from 5.0% to 4.9%, dollar fell slightly as market players remain unsettled by the monthly data. According to the report, consumer prices rose by 0.4% over the month, exceeding the forecast of 0.3%. This indicates that high inflation could persist for a rather long time, which means that the Fed is unlikely to lower the rates by the end of the current year.
Inflation (US):
The Bank of England is having its board meeting today, and many expect to see a rate hike by 25 basis points. There are also hints that this will be the last rate increase. However, inflation in the UK is rising, unlike the US and the EU, so there is a chance that interest rates will be raised by 50 basis points. If this happens, dollar will decline sharply. But if rates increase by only 25 basis points, the situation in markets will not change.
Interest rate (UK):
Although EUR/USD hit 1.1000 recently, it is still trading within the range of 1.0950/1.1080. Therefore, for further growth, traders have to keep the quote above 1.1000. Otherwise, there will be drop below 1.0950.
GBP/USD updated the high in the medium-term, but failed to stay at the level so there was a pullback, followed by a stagnation. Now, there is a chance for a jump, but this will depend on the monetary policy decision of the Bank of England.
*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।
