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 US dollar shows no signs of slowing down and continues to demonstrate growth against riskier assets. The Federal Reserve's decision, made against a backdrop of slowing US labor market growth and ongoing uncertainty in trade policy, was a response to the need to sustain economic momentum in the US. The expected reduction in interest rates would, as expected, make the dollar less appealing to investors seeking higher returns in other currencies. However, Jerome Powell's statements modified market expectations. His cautious tone and mention of a possible end to the monetary easing cycle in the near future instilled confidence in the US economy's resilience. This, in turn, led to increased demand for the dollar as traders revised their forecasts, believing that the prospects for the American currency remained quite attractive.
In the first half of the day, data on changes in Eurozone GDP, unemployment levels, and Germany's consumer price index are expected. If the data is favorable, the euro could partially recover its losses. The market always closely monitors such reports, as they can be key factors for the short-term recovery of the European currency. The Eurozone GDP data for the third quarter will provide insight into the current state of the region's economy and its growth dynamics. If the figures exceed expectations, it may indicate greater economic resilience than previously thought, thereby supporting the euro.
The Eurozone's unemployment rate is also an important indicator that could enhance the euro's appeal. The consumer price index in Germany is equally important, as inflation is one of the key factors the European Central Bank considers when making monetary policy decisions. If the CPI indicates growth, it could suggest potential tightening of ECB policy in the future, which would also strengthen the euro.
For the UK, there is no statistical data today, making it even more challenging for pound traders.
If the data aligns with economists' expectations, it is better to operate under the Mean Reversion strategy. If the data significantly deviates above or below expectations, it is best to use the 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।
