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 American dollar continues to strengthen its position—this is especially evident in pairs with the euro and the Japanese yen.
President Trump's somewhat mixed stance on resolving trade relations with China continues to push away buyers of risk assets. The uncertainty surrounding the prospects of concluding a trade agreement exerts a restraining influence on investor sentiment, leading many to adopt a wait-and-see position until the situation becomes clearer. In this context, volatility in the foreign exchange market is not as high as it was previously. Traders will continue to respond sensitively to any new information regarding U.S.-China trade negotiations.
This morning, there are no reports from the Eurozone, so all attention will once again be focused on another speech by European Central Bank President Christine Lagarde. Traders will closely watch her comments on the prospects for inflation, economic growth, and future steps in monetary policy. The market expects signals indicating how concerned the central bank is with slowing inflation and whether it's prepared to ease policy further if necessary. The market's reaction to Lagarde's speech will likely depend on the tone of her statements. If she expresses concern about economic risks and suggests that the ECB is willing to take additional measures to stimulate the economy, the euro may come under pressure.
As for the pound, traders' focus will shift to the UK Consumer Price Index. High inflation readings may prompt the Bank of England to maintain a hawkish stance on interest rates, which in turn may strengthen the British pound. Conversely, low inflation readings may lead the central bank to consider monetary easing, which may weaken the pound but stimulate the economy.
If the data matches economists' expectations, it is best to proceed using a Mean Reversion strategy. If the data turns out to be much higher or lower than expected, the best approach is to use a Momentum 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।