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!
Fed Chairman Jerome Powell said on Tuesday that interest rates had to be raised further because of the situation in the labor market. This should have led to a further increase in dollar; however, there was no growth as the currency is heavily overbought. Movement was seen only after Fed representatives repeated the words of Powell.
Dollar returned to where it was at the opening of the trading session, so technically, there was no price increase. Most likely, a local bounce will occur when the US releases its weekly data on jobless claims, which should grow by 11,000. Although this change is extremely insignificant, it is enough reason for market players to ramp up dollar purchases.
Jobless claims (United States):
EUR/USD is in a sideways trend, but market signals indicate that it will change soon. This means that there will be a breakout, so traders should closely monitor the behavior of the pair.
In GBP/USD, there was a rebound, but activity is not much, so it is likely that traders will see a sideways trend. Staying above 1.2100 will keep a bullish momentum, while a return below 1.2050 will jump-start a bearish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
