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¡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 dollar has stabilized ahead of the release of important US inflation data, starting today with the producer price inflation (PPI) report, and to be followed tomorrow by consumer inflation figures (CPI). How might these affect the dollar and the financial markets overall?
Recall that the market already has well-founded expectations that the Federal Reserve will cut interest rates in response to the extremely challenging situation in the labor market. It is assumed that the key rate will be cut by 0.25% as a matter of course, but there remains a significant probability—currently at 8%—of a 0.50% cut.
For the most part, a 0.25% cut is already priced into the value of US and other assets and is already reflected in the dollar's value on the Forex market. Investors are now turning their attention to the inflation data and the likely regulatory response. In this case, it's almost certain that if both the producer and consumer inflation reports match the consensus forecast, a 0.25% rate cut can be expected. At the same time, if the numbers come in lower, this could be grounds for a 0.50% cut.
Of course, in both scenarios, the market will respond with increased demand for riskier assets and dollar selling. In particular, if the consumer inflation report unexpectedly shows—even a slight—decline, this will be a strong reason for deeper dollar selling amid strong demand for stocks, gold, and cryptocurrencies. Such a development could justify an immediate half-percentage-point rate cut, which the market would reflect by a more significant move.
So far, in the morning session, US stock index futures are trading in the "green," except for the industrial DOW, which is slipping symbolically by 0.05%.
So, the catalyst for global market changes could be today's producer inflation data, which, according to consensus forecasts, should show a decrease in both annual and monthly figures, to a core value from 3.7% to 3.5%, and for the overall monthly figure, from 0.9% to 0.3%. As for tomorrow's consumer inflation numbers, these are expected to show, on the contrary, an increase in both monthly and year-on-year values—from 0.2% to 0.3% and from 2.7% to 2.9%, respectively.
In conclusion, I assess the overall market outlook as moderately positive for risk assets and negative for the dollar.
The pair continues to move sideways, awaiting the Fed's pivotal monetary policy decision, driven by US inflation data releases. Its decline is likely to prompt selling the pair, with a target drop to 146.30. A suitable level for selling is at 147.25.
The pair is in a short-term uptrend, awaiting the outcome of the Fed's monetary policy meeting against the backdrop of US inflation data. A breakout above 0.6625 could trigger strong growth toward 0.6715. A suitable buy level is 0.6630.
*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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