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 market's situation remained the same. Although dollar fell in price ahead of the announcement of the outcome of the Fed meeting, which reflected traders' confidence in the inevitability of a monetary policy easing, it returned to its previous positions during Fed Chairman Jerome Powell's press conference due to the statement that even though rate hikes will not continue, a cut in rates will still not happen soon. Powell also mentioned that interest rates reached a peak, but inflation remained at an extremely high level.
In the eurozone, inflation indicators will come out today, and forecasts say that it will show a slowdown in the growth rate of consumer prices from 2.9% to 2.8%. If this happens, the European Central Bank will be the first to lower interest rates, leading to euro's decline.
As for the UK, the Bank of England will likely keep its interest rates unchanged. However, it may give a clearer signal about the imminent easing of its monetary policy, which will be a reason for pound to weaken.
EUR/USD continued to trade downwards. The level of 1.0800 will act as a variable support, in which a stabilization of the price below this level will provoke an increase in the volume of short positions. Otherwise, the pair will fluctuate above the level.
GBP/USD continues to move within the range of 1.2600/1.2800. At the moment, it lies around 1.2600/1.2700, indicating the possibility of another flat market.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
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