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!
need to be raised until inflation falls to 2.0%, meaning that the Fed may not limit itself to the two rate hikes promised by Fed Chairman Jerome Powell. However, demand actually dipped, indicating that investors may be pushing the market in the opposite direction so that the subsequent correction will be as large-scale as possible.
No matter what the reason, any sharp market movement will eventually end in at least a pullback, but the recent rise in unemployment in the UK, from 3.8% to 4.0%, led to a halt in dollar's decline. Most likely, the currency will begin to gradually recoup at least some of its losses.
EUR/USD, during its intense upward movement, broke through the resistance level of 1.1000. This step pointed to a subsequent increase in the volume of long positions, which will likely lead to the complete recovery of euro relative to the correction last May. However, such a sharp price change could lead to the currency being overbought, resulting in a rollback.
GBP/USD continues to rise despite being overbought. If this continues, the pair will hit the resistance level of 1.3000. However, sooner or later, there will be a technical pullback due to the closing of long positions.
*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.
