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!
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The currency market continues to consolidate around levels reached on Friday, primarily due to the complete absence of any macroeconomic data. With today's economic calendar remaining empty and the European Central Bank's upcoming meeting on Thursday, this consolidation could transition into stagnation.
This state of inertia is likely to persist at least until tomorrow, when the U.S. inflation data is released. This data will undoubtedly stir market activity, but any movement is expected to remain limited precisely because of Thursday's highly anticipated ECB Governing Council meeting.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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