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 GBP/USD pair has paused its upward movement ahead of the important U.S. Consumer Price Index (CPI) report, but remains stable near its highest levels since late February. Current quotes in the 1.3420–1.3430 level point to the possibility of further growth.
The CPI report is expected to show an increase in inflation in March, driven by a surge in oil prices caused by the war. This could strengthen the Federal Reserve's position to keep interest rates unchanged. Tensions in the Strait of Hormuz are also supporting the U.S. dollar, putting pressure on GBP/USD.
Iran has suspended shipping through the Strait of Hormuz in response to regional conflicts, increasing risks and supporting oil prices. In addition, U.S. President Donald Trump accused Iran of mismanaging oil resources passing through the Strait of Hormuz and violating previously reached agreements. He also warned of renewed strikes if the agreement fails. This indicates that escalation risks remain and continue to support oil prices.
At the same time, traders are lowering expectations for interest rate hikes by the Bank of England, pricing in 30–40 basis points by the end of the year—significantly different from the Federal Reserve's earlier signals, which pointed to rate cuts by the end of the year and another reduction in 2027.
Thus, the current situation calls for caution when making trading decisions, given the support for bulls in the GBP/USD pair and the potential risks of further downside.
From a technical perspective, indicators are mixed, while the Relative Strength Index has moved into positive territory, signaling an advantage for bulls. Their immediate target is the 1.3485 level.
*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।
