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!
Europe currently faces deindustrialization as the pace of its decline reached a staggering 6.7%. This confirms previous forecasts that the rising cost of energy sources in the region will result in serious economic consequences. However, the market did not react immediately, with dollar even falling in price, albeit slightly. It seems that the market halted movement ahead of the meeting of the Federal Open Market Committee, which will take place next week. Most likely, today's data from the US will also be ignored, as jobless claims, for instance, will increase by only about 7,000. Retail sales, which exert significant influence on economic dynamics, will also rise from 0.6% to 1.0%. In theory, this should lead to a strengthening of dollar, but since even inflation failed to move the market, expecting anything different from retail sales appears to be challenging.
EUR/USD currently trades upward, indicating a clear speculative sentiment among market players. Despite several factors suggesting a further increase, the resistance area of 1.0950/1.1000 remains unbroken, so subsequent fluctuations at the peak of the upward cycle may still occur.
GBP/USD showed a partial recovery relative to the current correction. However, the level of 1.2800, acting as resistance, negatively affects the volume of long positions. Further growth will be seen only if the price stabilizes above this level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
