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!
The rate of decline in producer prices in the Eurozone slowed from -3.4% to -3.2%, contrary to expectations of an acceleration to -3.5%. This indicates that, while likely to decrease, inflation in Europe may do so more slowly than anticipated. As such, it seems increasingly likely that the European Central Bank will soon conclude its interest rate cut cycle.
Additionally, employment in the United States increased by only 146,000, significantly below the forecast of 180,000, which is insufficient to maintain labor market stability.
All this data points toward growth for the euro. However, the market remains stagnant, primarily because tomorrow's U.S. Department of Labor report looms, and investors appear unwilling to take risks prematurely. Secondly, the euro is under pressure from the political crisis in France. Yesterday, the National Assembly passed a vote of no confidence in the government, and time will now be needed to form a new administration.
The market will likely continue its stagnation today, even with the release of Eurozone retail sales data, which is expected to show a slowdown in growth from 2.9% to 2.5%. If yesterday's data fails to impact the market, a retail sales report alone will likely be insufficient. The market clearly remains focused on tomorrow's U.S. Department of Labor report.
*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.
