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, pound, and other risk assets continued to rise against the U.S. dollar.
The dollar reacted to U.S. President Donald Trump's statements that the war with Iran is over and that he no longer plans to resume military operations, hoping to reach a peace agreement in the coming days. This statement, made amid heightened tensions in the Middle East, served as an unexpected signal for de-escalation, which the markets received optimistically.
Traders, who had previously been concerned about a further escalation of the conflict and its negative implications for the global economy following unsuccessful initial negotiations, breathed a sigh of relief. Immediately after this, the euro, pound, and other currencies strengthened against the U.S. dollar. However, despite the initial positive momentum, it is essential to caution against excessive enthusiasm. Trump's statements are often more rhetorical, and actual steps towards achieving peace may prove much more complex.
Today, the first half of the day will be marked by a series of important economic events that are likely to impact European financial markets. Special attention will be given to reports from the Eurozone, including the report on changes in industrial production. This indicator is a key measure of the manufacturing sector's health and can provide insights into its recent dynamics.
Additionally, other significant data will be released, including Italy's consumer price index. This information will help assess inflation in one of the largest economies of the Eurozone. Inflation data is critical for central banks, as it directly affects decisions on interest rates and monetary policy.
A key event of the day will undoubtedly be the speech by the President of the European Central Bank, Christine Lagarde. Statements from the central bank chief may shed light on the central bank's future steps regarding interest rates and price stability.
As for the British pound, there is no significant report today, so attention will be directed towards another speech by Bank of England Governor Andrew Bailey, who did not address monetary policy yesterday. This may indicate that today's comments will be more detailed and could provide insights into the central bank's future intentions. Markets are closely watching for any hints of potential changes in interest rates, as these directly affect borrowing costs and inflation.
If the data aligns with economists' expectations, it is advisable to act based on the Mean Reversion strategy. If the data comes in significantly higher or lower than economists' forecasts, the Momentum strategy may be more appropriate.
Buy on a breakout of 1.1800, which may lead to an increase in the euro to around 1.1835 and 1.1866;
Sell on a breakout of 1.1780, which may cause the euro to fall to around 1.1755 and 1.1722;
Buy on a breakout of 1.3583, targeting a rise in the pound to around 1.3607 and 1.3632;
Sell on a breakout of 1.3550, targeting a decline in the pound to around 1.3515 and 1.3480;
Buy on a breakout of 159.13, which may lead to an increase in the dollar to around 159.36 and 159.60;
Sell on a breakout of 158.85, potentially leading to a drop in the dollar to around 158.57 and 158.28;
Look for short positions after a failed breakout beyond 1.1801 on a return below this level;
Look for long positions after a failed breakout beyond 1.1775 on a return to this level;
Look for shorts after a failed breakout beyond 1.3581 on a return below this level;
Look for longs after a failed breakout beyond 1.3551 on a return to this level;
Look for shorts after a failed breakout beyond 0.7143 on a return below this level;
Look for longs after a failed breakout beyond 0.7119 on a return to this level;
Look for shorts after a failed breakout beyond 1.3785 on a return below this level;
Look for longs after a failed breakout beyond 1.3759 on a return to this 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।
