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!
Based on the empty macroeconomic calendar, the market was expected to continue consolidating near previously established levels. Only unexpected events could add some variety to the course of trading—and that's precisely what happened. The European Central Bank warned of a high risk of a debt crisis in the Eurozone, which investors interpreted as an assurance of further interest rate cuts. This comes despite the recently rising inflation and the significant monetary policy easing during the past two ECB meetings. Unsurprisingly, the euro has once again turned downward.
The situation remains similar today, as the macroeconomic calendar is again devoid of significant events. However, several ECB officials are scheduled to speak. They could expand on yesterday's statements and directly address the necessity of further interest rate cuts, leading to even more significant weakness for the euro.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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