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!
Markets are anxiously awaiting the outcome of the Federal Reserve's monetary policy meeting, as its decision could have a significant impact on investor sentiment and asset prices.Until recently, there was considerable debate among market experts over whether the Federal Reserve would leave interest rates unchanged or opt for another rate hike. Federal funds futures currently indicate the following market expectations: the probability of a 25-basis-point rate increase stands at 29.4%, while the likelihood of rates remaining unchanged is estimated at 70.6%. It is worth noting that, historically, by the day the Federal Reserve concludes its policy meeting, market participants have typically priced in the outcome with near certainty.Nevertheless, there remains a risk of a surprise. Under the Fed's new leadership, interest rates could still be raised. At the June meeting, several members of the Federal Open Market Committee (FOMC) argued in favor of another rate increase, citing persistently elevated inflation, which remains well above the Fed's 2% target at 3.5% year-on-year.How Could Markets React to the Fed's Decision?In my view, a decision to leave interest rates unchanged would weigh on the US dollar while supporting demand for risk-sensitive assets, including gold. Expectations for such an outcome are already reflected in the US bond market, where Treasury yields have declined over the past three trading sessions.The US dollar could come under additional pressure depending on the tone of Federal Reserve Chair Kevin Warsh's press conference. If he once again delivers a cautious and non-committal message, while indicating that the Fed prefers to monitor developments in the Middle East and the domestic economy before taking further action, this could accelerate the US dollar's decline against the major currencies in the Forex market. In this scenario, the ICE US Dollar Index could fall below the 101 level and move towards 100.However, if the Fed unexpectedly raises interest rates, markets would almost certainly react in the opposite direction.
Forecast of the Day
Gold is trading around 4,040.00 ahead of the Federal Reserve's monetary policy decision. If the Fed leaves interest rates unchanged, gold could receive additional support and rise initially towards 4,092.45, followed by 4,146.30. A break above 4,045.00 may provide a buying opportunity.
The pair is trading near 1.1400. A decision to keep interest rates unchanged could drive EUR/USD higher towards 1.1470. A break above 1.1408 may provide a buying opportunity.
*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।
