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!
Pound rose to highs for more than a week, but then fell and is currently on its way towards the lows. Most likely, it will continue to decline as forecasts on the UK credit market are pointing to a slowdown. In particular, the number of approved mortgages is expected to amount to 45,000, which is lower than the 46,100 the previous month. The volume of mortgage lending may also reach £4.0 billion, down from £4.4 billion last month.
Mortgage lending is directly related to the real estate market, which is very important for the UK economy. Construction and property transactions account for at least 20% of the economy and carry approximately the same weight as retail sales.
Number of approved mortgages (UK):
As noted above, euro has fallen to lows, but has a higher chance of rebounding earlier than pound. This is because even though the preliminary Q4 GDP data in the eurozone is expected to slowdown from 2.3% to 1.6%, the US year-on-year growth rate is noticeably lower. That would cause a local surge in risk appetite.
GDP (Europe):
For pound, there is a chance to return to highs as soon as the US session starts because ahead is the monetary policy meeting of the Bank of England.
EUR/USD is in a sideways trend, trading at 1.0830/1.0930. At the time of writing, it is at the lows of the price channel, but a clear breakdown has not been observed yet. Failure to fall below 1.0830 could lead to a rebound.
GBP/USD is also in a sideways trend, trading at 1.2300/1.2440. A surge in buying pressure could prompt a rebound in the market.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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