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 is feeling quite comfortable as the European Central Bank no longer intends to interfere with the current monetary policy. Last week, ECB Governing Council member Madis Muller said it is still too early to talk about how borrowing costs might change going forward. Speaking the day after the ECB left its deposit rate unchanged at 2% for the fourth consecutive time, the Estonian official said there is currently no need for adjustments, but did not go into details.
"If you ask what will happen in six months or later, honestly, it is too early to speculate," Muller said.
This stance sends a clear signal to the market: the regulator is satisfied with the current monetary policy and sees no need for sharp changes, at least in the near term. Such predictability is generally viewed positively by investors seeking stability and clear guidance amid global economic uncertainty.
"One can imagine scenarios developing in both directions. If the euro area economy performs worse and inflation continues to slow, then there may be grounds for further interest rate cuts. But one can also imagine the opposite situation," the policymaker said.
The impact of Muller's remarks is reinforced by the overall macroeconomic picture in the euro area. Inflation remains around the ECB's target level and shows signs of easing, allowing the regulator to maintain a wait-and-see approach. At the same time, economic growth in the region remains modest, which prevents the ECB from tightening policy for fear of exacerbating the situation.
As a result, the euro enjoys relative stability, supported by the absence of expectations for any radical steps from the ECB. However, the long-term outlook for the European currency will largely depend on further inflation dynamics and economic growth, as well as the geopolitical situation in the region and globally.
As for the current technical picture of EUR/USD, buyers now need to focus on taking the 1.1730 level. Only this would allow a move toward testing 1.1750. From there, the pair could climb to 1.1770, but doing so without support from major players would be quite difficult. The most distant target would be the high at 1.1805. In the event of a decline, only around the 1.1705 level do I expect any serious action from large buyers. If there is no activity there, it would be preferable to wait for a retest of the 1.1685 low or to open long positions from 1.1650.
*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.
