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!
EURUSD, 4-hour chart
U.S. news out: Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period.
Continuing claims, which run a week behind, edged up 4,000 to 1.689 million.
What the data shows: the labor market is still strong in the U.S. - unemployment is not rising - jobless claims remain near multi-year lows.
This paves the way for the Federal Reserve to raise rates again at the next meeting.
Classically, it's a path for the dollar to rise - but the euro is also trying to rise.
It is likely that the market will hold the euro high until Friday's PCE U.S. inflation report.
So, you can try to sell around the current - but it is more competent to either wait for the inflation report, or see the first wave of euro fall first and then sell from the rebound upwards.
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