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!
Inflation fears driven by rising oil prices are holding back the pullback in US Treasury yields and supporting the dollar
The US Dollar Index (DXY), which tracks the dollar's value against a basket of currencies, is consolidating near yesterday's high — the strongest level since April 2025 — and appears set for a confident third week of gains as traders await key monthly US employment data.
The nonfarm payrolls (NFP) report for September is expected to show about 90,000 new jobs, a notable slowdown from the previous month's 162,000, while the unemployment rate is forecast to remain at 4.1%. The annual wage-growth metric (change in average hourly earnings) will also be watched closely for clues about the Fed's future policy, especially as markets have trimmed the odds of an October rate hike — a dynamic that could meaningfully move the DXY.
Ahead of those reports, the ISM reported on Thursday that US manufacturing activity expanded for the ninth consecutive month in September. A deeper look at the survey showed commodity price pressures rising for the 24th straight month. Those conditions amplify inflationary risks tied to volatile oil prices and are limiting the retracement of US sovereign yields that had been seen earlier. Moreover, geopolitical uncertainty stemming from US–Iran tensions continues to support the US dollar as a safe-haven asset, which benefits dollar bulls.
Against the backdrop of the Middle East conflict, the Wall Street Journal reported that the Pentagon may soon deploy a third carrier strike group to the Persian Gulf along with 10,000 sailors and marines — a decision taken after President Donald Trump warned of possible military escalation with Iran after the November midterms. At the same time, Iran's PGSA has confirmed recent attacks on several tankers in the Strait of Hormuz. These factors increase the geopolitical risk premium and continue to underpin a constructive outlook for the DXY.
Technically, the DXY is comfortably trading above key moving averages and has cleared the round level at 102.00. Resistance sits at 102.22 and support at 101.76. Oscillators are positive, although the RSI shows overbought readings, indicating consolidation. The path of least resistance is to the upside.
*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।
