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 euro and the pound are once again in demand, while the U.S. dollar is under heavy pressure. I believe the reason behind this is apparent, although few likely expected such a breakout in risk assets on the currency market.
Yesterday, the euro and the pound posted substantial gains amid a broad weakening of the U.S. dollar following the introduction of trade tariffs by Donald Trump. The dollar's decline was tied to a downward revision in growth forecasts for the U.S. economy. Meanwhile, the euro's strength was supported by upbeat PMI data from eurozone countries, indicating a recovery in the region's economy. This boosted expectations for the European Central Bank to slow its active rate-cutting cycle. However, some traders believe the rally is temporary and simply a negative market reaction to Trump's policies, while others argue that the euro has room to strengthen further if eurozone economic performance continues to improve.
This morning, data on German industrial orders and a series of reports from Italy are expected. Investors will also be paying close attention to updates from the U.S. labor market.
Positive economic readings from Germany and Italy will create additional tailwinds for the euro. On the other hand, weaker data could trigger a correction. The UK will also publish its construction PMI, which could further support pound strength.
If data aligns with economist expectations, the Mean Reversion strategy is preferable. If data deviates significantly from forecasts, a Momentum strategy is preferred.
Buying on a breakout above 1.1097 may lead to a rise toward 1.1143 and 1.1179.
Selling on a breakout below 1.1039 may lead to a decline toward 1.0994 and 1.0946.
Buying on a breakout above 1.3128 may lead to a rise toward 1.3171 and 1.3204.
Selling on a breakout below 1.3080 may lead to a drop toward 1.3027 and 1.2976.
Buying on a breakout above 145.93 may lead to a rise toward 146.22 and 146.49.
Selling on a breakout below 145.60 may lead to a decline toward 145.28 and 144.95.
I'll look to sell after a failed breakout above 1.1118 and a return below this level.
I'll look to buy after a failed breakout below 1.1037 and a return back to this level.
I'll look to sell after a failed breakout above 1.3125 and a return below this level.
I'll look to buy after a failed breakout below 1.3070 and a return back to this level.
I'll look to sell after a failed breakout above 0.6277 and a return below this level.
I'll look to buy after a failed breakout below 0.6182 and a return back to this level.
I'll look to sell after a failed breakout above 1.4124 and a return below this level.
I'll look to buy after a failed breakout below 1.4043 and a return back to this level.
*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।
