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!
Although the dollar has already been excessively overbought, the US currency continues to strengthen despite the lack of new developments. It seems to be doing so almost out of momentum. Perhaps today's release of preliminary business activity indices will finally help the euro improve its situation, at least a little. Moreover, all indices in the Eurozone are expected to rise without exception. Specifically, the Services PMI is projected to increase from 51.4 to 51.7 points. Meanwhile, the Manufacturing PMI will likely rise from 45.0 to 45.2 points. As a result, the Composite PMI could climb from 49.6 to 50.1 points.
However, a different scenario is expected in the United States, as the Services PMI is forecasted to decline slightly from 55.2 to 55.0 points. The Composite PMI might remain unchanged, supported by a rise in the Manufacturing PMI from 47.3 to 47.6 points. In any case, the outlook for the US indicators appears weaker than for the Eurozone, which could lead to some strengthening of the euro.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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