13.11.202407:20 Forex Analysis & Reviews: Hot Forecast for EUR/USD on November 13, 2024

Relevance up to 11:00 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Although the counting of votes for the House of Representatives is not yet complete, there is no longer any doubt that the Republican Party has achieved a resounding victory, securing complete control of both the executive branch, through the White House, and the legislative branch, with a majority in both chambers of Congress. Unsurprisingly, the euro continued to lose ground, as one of the first decisions likely to be made could involve raising tariffs, primarily targeting European manufacturers.

Moreover, the trend toward further euro weakening could be exacerbated by U.S. inflation data. Judging by forecasts, the pace of consumer price growth is expected to accelerate from 2.4% to 2.6%. If this forecast is confirmed, the Federal Reserve will likely pause in its trajectory of further monetary policy easing.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.