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!
Deutsche Bank analysts attribute the weakening of EUR/USD to widening spreads in Europe and declining banking-sector share prices amid a sell-off. The euro fell sharply against the dollar amid growing market doubts about the European Central Bank's (ECB) ability to raise interest rates again this year.
Revised ECB monetary policy expectations are also weighing on the euro
"Increased financial stress is adding to doubts about whether central banks such as the ECB will be able to raise interest rates as aggressively as previously expected."
"Tighter financial conditions are putting downward pressure on inflation by themselves, while the sell-off in assets is raising concerns about whether the economy can withstand another rate hike."
"Therefore, market expectations regarding ECB policy have changed: the amount of rate hikes priced in ahead of the December meeting fell by 6.1 basis points in a single day, to 23.5 basis points."
On the other side of the pair is the US dollar, while continued geopolitical uncertainty caused by the confrontation between the United States and Iran is supporting the dollar as a safe-haven asset. The US Dollar Index has reached a new yearly high.
From a technical perspective, the pair set a new yearly low while holding above the round 1.1200 level. However, as the pair is trading below key moving averages, selling pressure is increasing. A break above the nearest resistance at 1.2700 would give the bulls an opportunity to push the pair toward 1.3220. However, as the oscillators are negative, the bears remain in control of the market. The Relative Strength Index is in oversold territory, suggesting a correction, but this correction is likely to be limited and is more likely to be followed by renewed selling.*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।