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 U.S. dollar continued to decline actively against the euro, the pound, and other assets. Statements from Federal Reserve representatives advocating for interest rate cuts led to a dollar sell-off. Traders interpreted these signals as confirmation of a likely shift toward more accommodative monetary policy in the near future, which traditionally puts pressure on the American currency. The euro, the pound, and other assets gained support as rate cuts in the U.S. reduced the attractiveness of American assets. However, it is worth noting that long-term prospects remain uncertain. Economic growth in Europe and the United Kingdom still lags behind that of the United States, and political instability in some eurozone countries adds further risk.
Today's agenda includes eurozone trade balance data, Italy's consumer price index, and later in the day, a speech by ECB President Christine Lagarde. These events will undoubtedly impact the dynamics of currency markets, especially amid current economic uncertainty.
A positive trade balance indicates that exports exceed imports, signaling a healthy economy that produces goods and services in global demand. A negative balance may point to weak domestic demand and a need for stimulus in export sectors. The Italian CPI serves as a key inflation indicator for the euro area's third-largest economy.
Lagarde's speech will be the focal event of the day. Investors will closely watch her tone for hints about future ECB policy. Currently, it seems unlikely that monetary policy will be changed, so attention will be focused more on inflation and the region's economic outlook.
In the first half of the day, attention will center on UK GDP change, industrial production change, and the goods trade balance.
GDP growth is the most critical indicator of a nation's economic health. Positive figures suggest economic expansion and can lead to the pound strengthening. Rising industrial production indicates a healthy economy capable of producing goods and services, while a decline may signal manufacturing difficulties and broader economic weakness. A positive trade balance in goods can also support the pound during this week's ongoing bullish trend.
If the data aligns with economists' expectations, it is better to act based on the Mean Reversion strategy. If the data comes in significantly above or below expectations, the Momentum strategy is the preferred approach.
Buying on a breakout above 1.1675 may lead to a rise in the euro toward the 1.1715 and 1.1755 areas.
Selling on a breakout below 1.1645 may lead to a fall in the euro toward the 1.1615 and 1.1585 areas.
Buying on a breakout above 1.3426 may lead to a rise in the pound toward the 1.3461 and 1.3488 areas.
Selling on a breakout below 1.3400 may lead to a fall in the pound toward the 1.3371 and 1.3336 areas.
Buying on a breakout above 151.35 may lead to a rise in the dollar toward the 151.75 and 152.10 areas.
Selling on a breakout below 151.00 may trigger dollar selling toward the 150.65 and 150.35 areas.
Look for selling opportunities after a failed breakout above 1.1678, followed by a return below this level.
Look for buying opportunities after a failed breakout below 1.1650, followed by a return above this level.
Look for selling opportunities after a failed breakout above 1.3446, followed by a return below this level.
Look for buying opportunities after a failed breakout below 1.3402, followed by a return above this level.
Look for selling opportunities after a failed breakout above 0.6508, followed by a return below this level.
Look for buying opportunities after a failed breakout below 0.6480, followed by a return above this level.
Look for selling opportunities after a failed breakout above 1.4044, followed by a return below this level.
Look for buying opportunities after a failed breakout below 1.4017, followed by a return above 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।
