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 recent U.S. inflation data suggest a potential pause in the Federal Reserve's rate-cutting process, and Jerome Powell explicitly stated this. This comes alongside producer price data, which shows that growth accelerated from 1.9% to 2.4%. By year-end, discussions about a potential rate hike could resurface, as the data hint at the possibility of inflation rebounding.
Additionally, industrial production decline in the Eurozone accelerated from -0.1% to -2.8%, resembling an outright collapse.
However, the dollar failed to strengthen. The U.S. currency remained flat, partly due to its already massive overbought condition following its relentless and substantial rally since the presidential elections. More significantly, data on Chinese retail sales halted the dollar's rise, which showed that growth accelerated from 3.2% to 4.8%, surpassing the forecast of 4.0%. Concerns about a slowing Chinese economy have been one of the key drivers of the dollar's strength since late September. Signs of recovery in China's economic activity could serve as a basis for a potential reversal and the start of a weakening dollar trend.
That said, the dollar is likely to continue its upward trajectory today. According to forecasts, U.S. industrial production growth is expected to accelerate from 1.7% to 1.9%, while industrial production decline should ease from -0.6% to -0.4%.
*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।
