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!
The EUR/USD review immediately after ECB's decision on interest rates
Today, the ECB has decided to raise its three key interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made considerable progress in normalizing monetary policy measures. Now the Governing Council expects further interest rate hikes to ensure the timely return of inflation to the ECB's 2% medium-term target. The future policy path will be based on the evolving inflation and economic outlooks.
Inflation remains too high and is likely to stay above the target for an extended period. In September, the inflation rate in the euro area stood at 9.9%. In recent months, skyrocketing energy and food prices, supply disruptions, and a post-pandemic recovery in demand have fueled price pressures, thus driving up inflation. The Monetary Policy of the Governing Council is aimed at dampening demand and protecting against the risk of a persistent upward shift in inflation expectations.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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