¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
The trading day starts unfavorably for the British pound. The UK's lower Consumer Price Index (CPI) data contrasts with the US's higher inflation figures. This dynamic puts downward pressure on the GBP/USD pair. Central banks' monetary policies are pivotal in shaping market sentiment.
In the UK, the month-over-month inflation rate dropped significantly (-0.6%, against a forecast of -0.3% and a previous rate of 0.4%). The year-over-year data also underperformed. This trend may prompt the Bank of England (BoE) to consider relaxing its monetary policy sooner. Market projections now fully anticipate three 25 basis points rate cuts by the BoE this year.
Conversely, higher US inflation data alters Federal Reserve rate cut expectations. The likelihood of a rate reduction in 2024 has decreased, pushing the anticipated timing from June to July, and virtually excluding a cut in May.
A sharp reversal from 1.2691 characterizes the GBP/USD pair's behavior, following a Bearish Engulfing candlestick pattern in the H4 chart. The pair broke below a short-term trend line, setting a local low at 1.2543. The next bear target is 1.2519. Intraday resistances are at 1.2570 and 1.2600.
Indicator Analysis
Market Sentiment Analysis
Despite a generally bullish sentiment (57% bulls), recent shifts lean bearish (55% bears in the last three days).
Weekly Pivot Points
WR3 - 1.26951
WR2 - 1.26671
WR1 - 1.26519
Weekly Pivot - 1.26391
WS1 - 1.26239
WS2 - 1.26111
WS3 - 1.25831
For bullish traders, watching for support holds and sentiment shifts is key. Bearish traders should monitor for further breaks below support and negative GBP news. Both scenarios highlight the importance of staying attuned to monetary policy changes and market sentiment.
The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.
Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.
#instaforex #analysis #sebastianseliga
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
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