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 surged in price during the holidays in Europe. Usually, markets patiently await the opening of trading sessions, but it moved at the moment when business activity data in the manufacturing sector came out. The Markit reported a decrease in the index from 52.2 points to 51.9 points, while the ISM showed an increase from 47.8 points to 50.3 points. Logically, if both indices move in opposite directions, they should offset each other, and the market should remain in balance. However, market players ignored the Markit data, while the ISM data appeared to be exaggerated. In addition, many believe that the two serves as a formal pretext, whereas the main focus will be the upcoming report on inflation in the eurozone. Confidence about the easing of rates by the European Central Bank grew, and the inflation data will be the final confirmation of this assumption. Markets have begun to prepare in advance, and there may be a chance that dollar will continue to strengthen its position.
EUR/USD, during an intense decline, almost reached the support level of 1.0700. This indicates a prevailing downward sentiment, which allows for a movement toward the level of 1.0700. However, such a price change over a short period of time already led to local oversold conditions of euro in the short term, so a technical rebound may occur.
In GBP/USD, the intense strengthening of dollar positions led to a breakthrough of the support level of 1.2600, leaving behind signals of pound's oversold condition. However, the price may hit the level of 1.2500, where a technical rebound could occur.
*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.
