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!
Markets remain in turmoil, and this will not end until the situation in the Middle East is finally de-escalated. The second round of talks between Iran and the United States, previously announced by the US president, has failed. Investors are showing noticeable complacency, assuming that peace will be achieved without escalation into a large-scale war. Is this irrational thinking or a mistake?
According to media reports, the Iranian delegation simply did not arrive in Islamabad, and J.D. Vance, Vice President of the United States, seeing this, understandably did not travel to Pakistan either. Markets reacted to this failure rather calmly and, in my view, suspiciously so. It creates the impression that market participants continue to fervently believe peace will be reached. They think the U.S. will somehow force Tehran to back down, surrender its nuclear fuel stocks to the United States, and admit defeat in the conflict.
But Tehran is not willing to yield for obvious reasons: it does not want to become a victim of the United States as Iraq or Libya did, when, for example, Gaddafi—then leader of the Libyan Arab Jamahiriya—simply refused to develop his own nuclear weapons and was punished and demonstratively killed for it.
Why are markets behaving this way? On the one hand, people want to live, want to believe in the best, and hope that nothing terrible will happen. But history—indeed recent history—shows that these hopes can collapse at any moment. Iran understands that it could be destroyed by the United States if it does not resist to the fullest of its capabilities. Trump, wanting to escape the crisis, cannot find a safe way out that would allow him to leave with his head held high.
In short, the situation is complicated, tangled, unclear, and incomprehensible. A signal that markets believe a peace deal will be reached is, for example, Bitcoin's price action, which quite unexpectedly began to rise yesterday after the talks failed.
Yes, hope is hope, but in reality, the situation in the Middle East is only intensifying, which, in my view, will lead to renewed escalation and to rising oil prices, declining demand for gold and cryptocurrencies, and a rebound in the dollar on the forex market.
Forecast of the day:
EUR/USD
The currency pair is trading above 1.1740. Deteriorating market sentiment could push it below this level toward 1.1665. A level to consider for selling is 1.1730.
#CL
Oil prices are rising. Escalation of the crisis could push them to challenge the recent local high of 104.45 after breaking resistance at 91.45. A level to consider for buying is 92.35.
*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.
