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!
Before the release of the latest US inflation data, no one expected the consumer price growth to slow down from 4.0% to 3.2%, as most believe that the limit will be 3.1%. But reality surpassed all expectations, making everyone think that the Fed will go through with only one interest rate hike instead of the two promised by the bank earlier. Talks even emerged that there might not be any hike at all and, perhaps by the end of the year, the interest rate level in the US will start to decrease. Dollar immediately began to depreciate after this news.
A rebound or a minor correction will happen only if market players see a good reason to buy dollar. An example of this could be the recent data on industrial production in the UK, which accelerated its decline from -1.6% to -2.3%. However, this data remains better than the forecast of -2.4%, so it only led to a slight halt.
The upcoming similar report from the eurozone may exhibit the same results, especially since forecasts say the 0.2% growth will be replaced by a -1.4% decline. And even if data surpasses expectations, it will be enough to trigger a local correction.
EUR/USD showed a rather intensive upward movement, hitting the local high of the medium-term trend. It traded above 1.1150, but since the pair appears to be overbought, a pullback will likely occur soon.
GBP/USD reached the resistance level of 1.3000, where the volume of long positions gradually decreased. Given the signal about the pair being overbought, a pullback will likely occur soon.
*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।
