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 euro and British pound quickly recovered from losses incurred in the first half of the day; however, a bullish market has yet to develop, and there are objective reasons for this.
The dollar lost ground following dovish statements from Federal Reserve officials on future interest rates. Traders reacted to hints of further monetary policy easing. However, such a reaction could be premature. Today, several important decisions are expected that could overturn the current market picture.
A European Central Bank decision regarding the main interest rate is anticipated, as is a similar decision from the Bank of England.
Attention will be closely focused on Christine Lagarde's press conference as ECB President. Traders and analysts will be looking for hints about future easing measures amid slowing eurozone inflation. Any signals indicating a readiness for further stimulus could apply pressure on the euro. However, Lagarde is likely to maintain a cautious tone, emphasizing the need to assess incoming data while keeping options open for future action. She will likely avoid making concrete commitments to avoid constraining the ECB's future flexibility. New economic forecasts from the ECB will also be scrutinized.
Regarding the pound, the BoE's decision on the key interest rate may weigh on the currency. Most analysts are confident that the rate will be lowered to 3.75%. However, the most significant interest lies in the accompanying statement regarding monetary policy, as well as the subsequent comments from the BoE's Governor, Andrew Bailey. Markets will closely analyze every word to catch hints about the central bank's future actions. Traders are particularly interested in how quickly the BoE intends to continue easing monetary policy moving forward. It should be noted that this year, the regulator has followed a plan of quarterly rate cuts. If the BoE refrains from providing clear indications regarding future policy, volatility in financial markets could substantially increase.
If the data aligns with economists' expectations, it is advisable to rely on the Mean Reversion strategy. Conversely, if the data is significantly above or below economists' expectations, the Momentum strategy will be most appropriate.
*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.
