¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
The British economy grew by 0.5% in February, rebounding from no growth in January and significantly exceeding the forecast of +0.1%. This was the strongest growth in the last 11 months. Industrial production rose 1.5%, while the quarterly services sector activity index added 0.3%.
This positive momentum was later supported by a forecast from NIESR, which expects continued GDP growth and projects a quarterly figure of +0.6%. While monthly data is not a precise indicator, it contributed to a sharp surge in the pound.
The coming week is no less important—the labor market report is due on Tuesday, followed by the March Consumer Price Index (CPI) on Wednesday. The forecast suggests no change (+3.5% y/y), but surprises are possible, especially since NIESR expects that inflation will not peak until June. Until then, prices are expected to rise due to base effects.
The pound appears strong, but it's important to note that expectations regarding the Federal Reserve's interest rate path have shifted toward a slower pace of cuts. While traders in March were pricing four rate cuts for the year, they now expect only three. Uncertainty remains high, as it's unclear how significant the economic slowdown in the U.S. will be. A potential recession could completely alter interest and currency exchange rates forecasts.
Fed Chair Jerome Powell's key speech is scheduled for Wednesday, and he is unlikely to avoid commenting on the current economic situation. Late last week, Boston Fed President Susan Collins stated that the Fed is "fully prepared" to intervene and stabilize the currency markets using available tools. In light of recent developments, a drop in forex market volatility should not be expected.
The net long positioning on GBP was halved during the reporting week, going from $2.8 billion to $1.38 billion, and the fair value estimate is moving below the long-term average.
Despite the impressive rally in recent days, the pound has not broken through the upper boundary of the 1.3200 range. The rise has been driven by a surge in optimism following the delay in the trade war and strong GDP and industrial production figures. Although there is strong bullish momentum, we do not expect it to be sustained. A top will likely form near 1.3200, after which the pound may reverse to the downside. We see an opportunity to sell from current levels with a stop just above 1.3200 and a target of 1.3000. The potential for further decline should be supported by increased demand for safe-haven assets and a decrease in market euphoria.
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
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