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 euro and the British pound were traded today using the Mean Reversion strategy. I did not trade anything using Momentum.
Data on lending and money supply in the eurozone, as expected, had no significant impact on the market. On the contrary, they merely confirmed current trends, leaving financial markets in a state of relative uncertainty. Lending activity remains moderate. Although demand for loans from businesses has slightly improved, the overall volume of new lending is not showing explosive growth. According to the latest report, the money supply has also declined.
In the second half of the day, traders will likely focus on U.S. initial jobless claims data and a speech by FOMC member Lisa D. Cook. These two events, although seemingly unrelated at first glance, are important for assessing the current economic situation and forecasting the future trajectory of U.S. Federal Reserve monetary policy.
Unemployment data is one of the most sensitive indicators of the U.S. labor market. A decline in initial jobless claims usually signals economic strengthening and job growth, which may prompt a more hawkish stance from the Fed. At the same time, special attention will be paid to the speech by FOMC member Lisa D. Cook. Statements by Fed officials often contain important hints about future monetary policy decisions, and considering the situation in the Middle East, Cook's tone will most likely be fairly hawkish, which should support the dollar.
If the data comes out strong, I will rely on the Momentum strategy. If there is no market reaction, I will continue using the Mean Reversion strategy.
Momentum strategy (breakout) for the second half of the day
EUR/USD
GBP/USD
USD/JPY
Mean Reversion strategy (reversal) for the second half of the day
EUR/USD
GBP/USD
USD/CAD
*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।
