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!
One wonders if Donald Trump is kicking himself or patting himself on the back while reviewing the latest US macroeconomic statistics. The US economy grew by an impressive 3.9% in the second quarter, marking the best performance in nearly two years. Jobless claims dropped to their lowest level since mid-July, highlighting the strength of the labor market. All good, Madame Marquise? Should the President have a statue built in his honor? But is a falling EUR/USD part of his plan?
Did the labor market really deteriorate so much under the previous BLS leadership and turn upward so quickly with the new one? Bloomberg experts now forecast September nonfarm job growth of 70,000, well above August's +22,000. Maybe it's not about weakness or strength, but about the new BLS management? Still, their willingness to play along with the US President could become fatal. The Fed may stop cutting rates, no matter how loudly Trump demands the opposite.
Indeed, a chorus of FOMC representatives is voicing concern about inflation and is in no hurry to resume monetary expansion. For example, Kansas City Fed President Jeff Schmidt claims monetary policy is in the right place. It's slightly restrictive—just what the US economy needs right now. The September Fed funds rate cut was more of an insurance policy against a cooling labor market. If that risk doesn't materialize, why do anything more?
If the broader US economy and employment situation remain solid, EUR/USD could continue to correct lower, especially since conditions in the EU aren't as optimistic as some had hoped. Trump has washed his hands and said Ukraine can regain its territory with the help of the EU. This rhetoric isn't pressure on Russia—it's pressure on Europe. Europe needs to find a way out: stop buying energy from Moscow and cut ties with China. Meanwhile, the US will just sell more arms.
But where will those arms end up? Russian drones are appearing more and more frequently in NATO countries—even Denmark reported a second incident this week. If Europe starts stockpiling weapons for its own defense, what's left for Ukraine? The armed conflict risks dragging on for years. Combined with US tariffs and rising energy prices, this will continue to slow the eurozone economy. So why would you buy the euro?
Technically, on the daily EUR/USD chart, the 1-2-3 reversal pattern has played out clearly. A break of key support at 1.1725 signaled shorts. This level has now become resistance. As long as the main currency pair is trading below it, selling the euro against the US dollar is the preferred strategy.
*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।
