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!
At the end of yesterday, US stock indices closed higher. The S&P 500 rose by 0.26%, while the Nasdaq 100 gained 0.48%. The Dow Jones Industrial Average jumped 0.15%.
Today, Asian stock indices increased by 0.4% and are on track to post their sixth consecutive monthly gain—marking the longest winning streak since 2018. Clearly, markets are in no rush to reduce risk after several previous episodes of threats to a US government shutdown. This persistent optimism, however, is supported by a number of factors beyond seasonal stability. First and foremost, there is the expectation of further economic stimulus measures aimed at supporting domestic demand and cushioning potential external shocks. Investors are also closely watching the technology sector, which continues to show strong growth, fueled by innovations in artificial intelligence and renewable energy.
Yesterday, Vice President J.D. Vance stated that, in his opinion, the US government is on track for a shutdown after President Donald Trump's latest last-ditch meeting with top congressional leaders before the October 1 deadline ended without meeting Democrats' demands.
It is apparent that many federal operations will be suspended and employees furloughed or laid off if lawmakers today cannot reach an agreement before the end of the current fiscal year.
Meanwhile, China's manufacturing sector contraction has continued for a sixth month in a row, marking the longest downturn since 2019, as the economy entered a slowdown phase following a sharp surge earlier this year. The Australian dollar rose after the Reserve Bank of Australia made the widely expected decision to keep its key rate unchanged, reiterating its cautious outlook and that future actions will be data-dependent.
In terms of geopolitical events, Trump and Israeli Prime Minister Benjamin Netanyahu announced that they have agreed on a 20-point plan aimed at ending the war in the Gaza Strip, although the prospects for peace remain unclear without direct participation from Hamas.
As for the technical outlook for the S&P 500, the main task for buyers today will be to overcome the nearest resistance at 6,660. Achieving this would enable further growth and open the way for a push to a new level at 6,672. An equally important goal for the bulls is to maintain control above 6,682, which would strengthen the buyers' position. In the event of a downward move amid declining risk appetite, buyers must defend the area around 6,648. A breakdown would quickly send the instrument back to 6,638 and open the way to 6,630.
*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।
