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!
US equity indices closed lower again yesterday. The S&P 500 fell 0.52%, the Nasdaq 100 declined 0.32%, and the Dow Jones Industrial Average lost 1.06%.
The 30-year US Treasury yield rose two basis points to 5.32%, returning to levels not seen since June 2007. The 10-year yield added one basis point to 4.73% after a three-basis-point rise on Monday.
Rising yields reflect investor concern about rapidly growing government spending, a wave of long-dated debt issuance, and inflation that has remained above the Fed's target for a fifth consecutive year. Notably, traders increased their focus on the debt market even after two benign inflation reports this month that had reduced odds of a Fed rate hike next month.
A second driver of the sell-off is oil. Brent rose 0.4% to $91.25 per barrel after President Trump said he is not interested in extending an expiring deal with Iran, and fighting flared again in Lebanon. Renewed Middle East tensions and the oil rally are reviving inflation worries at a moment when prospects for a US-Iran settlement are fading and the question of reopening the Strait of Hormuz has resurfaced.
The combination of higher oil prices, rising Treasury yields, and renewed geopolitical risk will likely keep markets volatile, and traders will remain particularly sensitive to any further news from the Middle East.
Equity markets took the developments badly. Asian stocks gave up morning gains, and the regional MSCI index fell about 1.0%. South Korea's KOSPI slid 3.4% and ended the day down roughly 2.0%; Japan's Nikkei 225 lost 2.3%. Nasdaq 100 futures continued lower today, down about 0.7%, and European indexes are trading in negative territory.
Gold eased 0.5% to roughly $4,395 an ounce.
A technical picture for the S&P 500 suggests that the immediate task for buyers today is to clear resistance at $7,718. That will show strength and open the way to $7,737. Controlling $7,756 will further cement the bulls' position. On the downside, if risk appetite ebbs, buyers should defend $7,698. A break there will quickly push the index back to $7,679 and open the road to $7,656.
*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।
