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!
Consumer price growth accelerated from 3.2% to 3.5%, slightly higher than the expected 3.4%. This resulted in dollar rising sharply, as the Fed may raise the refinancing rate in the summer, since inflation continues to increase, and at a faster pace than forecasted. However, most market players lean towards the idea that interest rates will start to decrease in the autumn, although this may soon be revised.
For now, a slight retreat could be seen in the market, while dollar will likely continue to rise actively. The results of the upcoming ECB meeting may be the cause of dollar's further appreciation, as the committee may specify the timing of its policy easing. After all, inflation in Europe slowed down, approaching the target level of 2.0%.
EUR/USD hit the weekly low last week during the downward movement driven by the US inflation data. However, such an intensive price change indicates a possible overheating of short positions, which could lead to a retracement or stagnation. The possibility of such a development, however, appears to be small, as today's ECB meeting may provoke speculative price jumps.
In GBP/USD, the intensive decline in quotes brought the price closer to the support level of 1.2500. Although the movement slowed down, the speculative sentiment remains. Dropping below the level will likely increase the volume of short positions. Otherwise, the level of 1.2500 may act as support.
*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।
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