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!
Gold is showing a modest but growth despite the strength of the dollar, as the atmosphere of risk aversion increases the demand for precious metals. In the first half of the trading session, gold went up by more than $2 to $1,533. Trade tensions between the US and China have again escalated. Additional import tariffs from China entered into force on Sunday, and Beijing filed a complaint with the World Trade Organization. However, as US markets enjoyed the weekend on Labor Day, market reactions remained relatively muffled. Today, when the markets reopened, the yield on 10-year US Treasury bonds fell by more than 1%, indicating that the new tariffs had a moderately negative effect on market sentiment. Reflecting an atmosphere of risk aversion, major European stock indexes record losses, while the S&P 500 futures fell 0.75%, suggesting that Wall Street is likely to start the day in negative territory.
On the other hand, strong pressure caused by sales of major European currencies continues to support the dollar. This is the only thing that prevents gold from rising even higher. At the moment, the US dollar index remains at the highest level over the past two years at 98.30 points. To understand further dynamics, you need to wait for the IHS Markit and ISM Manufacturing PMI reports from the US, as well as carefully monitor the performance of the main Wall Street indices.
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