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!
Dollar traded downwards since the opening of the European session. However, it rose actively near the start of the US session, in response to the July Fed minutes, which stated that the committee considers the possibility of several more rate hikes due to the resumption of inflation growth
Not long ago, many came to believe that the Fed's rate hike cycle will end, and at most there would be one more increase. Now, markets need to take into account the prospect of higher interest rates, which, in turn, opens the way for the further strengthening of dollar.
EUR/USD continues to update local lows within the correction cycle. This led to an increase in the volume of short positions, which in turn resulted in the breakdown of the support level of 1.0900. Support may be seen at 1.0850/1.0800, and along which the volume of short positions may decrease.
Although GBP/USD declined slightly, no major changes occurred. The rate remains in a sideways range, around the base of the current correction cycle. Fluctuations in the range of 1.2650/1.2800 may continue in the market for some time.
*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.
