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!
According to the data, in September of this year, the U.S. trade deficit unexpectedly fell to its lowest level since mid-2020. This happened thanks to a sharp increase in exports.
The Commerce Department report states that the trade deficit in goods and services shrank by nearly 11% compared to the previous month, reaching $52.8 billion. Economists' average estimate had projected a deficit of $63.1 billion.
U.S. exports rose by 3%, reaching the second-highest level on record, driven by shipments of gold and pharmaceuticals. Imports increased more modestly—by 0.6%.
Taking into account the data for all three months, net exports likely made a fairly strong contribution to GDP growth in the third quarter. As for imports, their increase was partly due to a rise in pharmaceutical imports, which was presumably triggered by President Trump's threat to impose tariffs on branded drug imports. However, aside from the threats, no action was actually taken. Imports of capital equipment and automobiles declined, as did imports of most consumer goods, including mobile phones, household appliances, toys, and furniture.
Adjusted for inflation, the trade deficit fell to $79 billion in September—the lowest level in nearly five years. Export volumes of consumer goods, after accounting for price changes, reached the highest level on record.
According to the Commerce Department, the September report showed that the U.S. exported a record amount of goods to Switzerland, resulting in the largest trade surplus with that European country in history. China's share of U.S. imports this year has dropped to its lowest level since the country joined the World Trade Organization. The seasonally adjusted goods-trade deficit with China also fell to the second-lowest level on record. The deficit with Mexico rose to a record high. The deficit with Canada also increased.
It is worth noting that the foreign-exchange market showed no reaction at all to such strong results.
Regarding the current EUR/USD technical picture, buyers now need to think about reclaiming the 1.1750 level. Only then will a test of 1.1780 become possible. From there, the pair could climb to 1.1820, though doing so without support from major players will be quite difficult. The furthest target is the 1.1855 high. In the event of a decline, I expect significant buying interest only around 1.1715. If no one steps in there, it would be wise to wait for a retest of the 1.1685 low or consider opening long positions from 1.1650.
As for the current GBP/USD technical picture, pound buyers need to reclaim the nearest resistance at 1.3390. Only then will a move toward 1.3430 become feasible, though breaking above that level will be quite difficult. The furthest target is the 1.3470 level. If the pair falls, the bears will attempt to regain control at 1.3350. If they manage to do so, a break of this range will deal a serious blow to the bulls and push GBP/USD down to the 1.3320 low, with the prospect of reaching 1.3285.
*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।
