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!
On Tuesday, Donald Trump announced that he has nearly decided on a candidate for the new Chair of the Federal Reserve. It is important to remember that Jerome Powell's term will expire in May 2026, and, under U.S. law, he cannot serve a second term. The President of the United States selects the new chair, and Congress must then approve the appointment. Given that Republicans control both chambers of Congress, there is no doubt that whoever Trump chooses will become the new FOMC director.
Last summer, Donald Trump insisted on Jerome Powell's early removal. A campaign was launched to remove the current Fed chair from office. Trump wanted the FOMC to begin lowering interest rates as quickly as possible, which is why he decided to resurrect archived documents from 2021. These documents contained allegations that Powell had significantly inflated the budget for the repair of Fed buildings, which became grounds for a possible dismissal. However, no U.S. court found Powell guilty, and it was later revealed that Congress had approved the budget. Trump argued that Powell had overstated the reconstruction costs; however, where is Powell's fault in this? I don't think that the Fed chair was temporarily acting as a foreman. Ultimately, Trump was unable to dismiss Powell and had to accept the reality of waiting until May 2026.
In general, once it became clear where the American president was heading (specifically towards substantial monetary policy easing), it also became evident that the only requirement for the new head of the FOMC would be complete loyalty to Trump's ideas and directives. It should be noted that the Fed is an independent body that does not execute orders from the president or Congress. Therefore, Trump cannot influence monetary policy, despite his desires. He can only do so by appointing "his person" to lead the organization. Ironically, Powell was also appointed to his position by Trump during his first presidential term. Since Trump was unable to influence Fed monetary policy through Powell either eight years ago or now, the choice of the next head must be very deliberate.
Based on the analysis of EUR/USD, I conclude that the instrument continues to build an upward trend segment. The market has paused in recent months, but the policies of Donald Trump and the Fed remain significant factors in the future decline of the U.S. currency. The targets for the current trend segment could reach the 25 figure. At this time, the upward wave formation may continue. I expect that from the current positions, the third wave of this sequence will continue to build, which may manifest as either 'c' or '3'. I am currently holding long positions with targets in the range of 1.1670 – 1.1720.
The wave picture for the GBP/USD instrument has changed. We are still dealing with an upward impulsive segment of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in 'c' at wave 4 appears to be quite complete. If this is indeed the case, I expect the primary trend segment to resume building with initial targets around the 38 and 40 figures. In the short term, one can expect the formation of wave 3 or 'c' with targets around the marks of 1.3280 and 1.3360, which correspond to 76.4% and 61.8% Fibonacci levels. These are the minimum targets if the market decides to complicate the global wave 4 further.
*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।
