Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Pound continued to dwindle despite the empty macroeconomic calendar yesterday. And considering the Federal Open Market Committee meeting happening tomorrow, the situation will likely be the same today, as the refinancing rate may be raised. Even if that does not happen, further tightening may still be announced since inflation in the US surged for two consecutive months.
Euro, on the other hand, demonstrated slight growth, even before the statements of ECB representatives hinting at possible interest rate hikes. It behaved exactly as it should have in the conditions of an empty macroeconomic calendar and certain imbalances.
Nevertheless, dollar remains significantly overbought, which presents some challenges. This means that on the eve of such a significant event as the FOMC meeting, it would be wise to make some adjustments to correct the imbalance. Traders must rely solely on technical factors, as the inflation data published in the eurozone today will unlikely have any impact on the market.
Although EUR/USD rose above the level of 1.0680, bearish sentiment prevails, leading to a reduction in the volume of long positions. The recent pullback may transition into stagnation, most likely within the range of 1.0650/1.0680. This will serve as a new platform for speculators, potentially facilitating the accumulation of trading forces.
GBP/USD's decline halted, and the lack of rebound indicates traders' predominant interest in short positions. However, the quote must stay below the level of 1.2350 because only by that will the downward trend continue.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
