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 markets recovered after yesterday's heavy sell-off. The MSCI Asia-Pacific index rose 0.9%, and futures on European and US indexes have recouped much of yesterday's losses. The main focus remains the release of the personal consumption expenditures (PCE) index—the Fed's preferred inflation gauge. The market expects PCE to answer whether an additional rate hike in October is necessary.
At the same time, the 30-year Treasury yield rose for a sixth consecutive day on Tuesday, reaching 5.56%, a high not seen since 2002. Ten-year yields stabilized around 5.23%. Investors are demanding ever greater compensation for holding long bonds amid concerns about persistent inflation, rising public spending, and a wave of corporate borrowing to finance AI projects. Traders are also ramping up bets on higher yields, which is itself a source of risk because these positions can be closed quickly and in a coordinated fashion if early signs of economic cooling appear.
Oil continues to complicate the picture. After a sharp fall, Brent recovered slightly and rose about 0.6% to $103.20 per barrel today. JPMorgan and Goldman Sachs nonetheless see flows from the Middle East returning to pre-war levels despite shipping risks. Talks over the Strait of Hormuz send mixed signals, and the market remains cautious. High energy prices support Fed rate expectations, which push yields up and weigh on non-yielding assets.
September has been the dollar's best month since June. The yen strengthened about 0.2% to 156.95 per dollar after Japanese authorities intensified language about possible market intervention earlier this week. The dollar benefits while holders of yen shorts now face intervention risk; exporters losing revenue in weaker currencies suffer, and oil importers face higher costs.
A separate theme is the technology sector. SoftBank rose more than 6% after reports that OpenAI is seeking at least $30 billion in new funding at a $1.4 trillion valuation. That supported sentiment in the AI sector, although growing corporate borrowing to fund AI projects remains one driver pressuring the long end of the yield curve.
As I noted above, the key event today is the PCE release. Economists expect a monthly acceleration in both headline and core PCE. A positive surprise would confirm the Fed's hawkish stance and support arguments for an October hike, while a soft print would call the next step into question and ease some yield pressure. I believe this report will set the tone for trading for the rest of the week, and the market will react sharply in either direction to any deviation from forecasts.
According to the technical chart, buyers' immediate task today is to clear resistance at $7,698. That would show upside strength and open the way to $7,718. Controlling $7,737 would further cement the bulls' position. On the downside, if risk appetite falls, buyers must defend $7,679. A break there would quickly push the index back to $7,656 and open the road to $7,631.
*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।
