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!
EURUSD
The euro attempted to decline on negative U.S. economic news at the beginning of the week and reached new weekly lows. However, there, the euro encountered buyers and even signaled growth.
This was facilitated by the rise in inflation in the EU from 6.9% to 7% in April, increasing the probability of the ECB raising rates. Simultaneously, everyone anticipates the Fed to hint a potential pause in rate hikes in today's meeting.
According to forecast, the Fed will raise the rate by 25 basis points to 5%, the highest in at least 20 years. However, U.S. inflation recently reached its highest levels since 1980.
At the same time, tensions are growing around the U.S. government debt, pressing resolution of the debt ceiling by the end of May. However, there are no negotiations yet—first negotiations are scheduled for next week.
You can carefully buy the euro at approximately current levels, with a small stop, in case the growth continues.
Further decisions need to be made first after the Fed, then after the ECB.
We are observing.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
