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On Wednesday, representatives of the European Central Bank warned about the risks of a debt crisis in the eurozone. Yesterday, they shifted to assuring markets of further monetary policy easing.
Hot Forecast for EUR/USD as of November 19, 2024
Although the euro demonstrated some upward movement, it was purely symbolic. This is even though the dollar is already significantly overbought. Yesterday's trading dynamics essentially confirmed that the market retains.
Hot Forecast for EUR/USD on 14.11.2024
As expected, the growth rate of consumer prices in the United States accelerated from 2.4% to 2.6%, further bolstering the dollar. Considering Jerome Powell's remarks during the press conference following.
Hot Forecast for EUR/USD on November 11, 2024
Despite leading the charge in cutting interest rates, representatives of the European Central Bank have clearly emphasized the need for further monetary policy easing. This comes immediately after Federal Reserve.
Hot Forecast for EUR/USD on 11/06/2024
As polling stations in the United States remained open, the dollar gradually lost ground. It appears that this was a classic counter-move just before the release of highly significant data.
Hot Forecast for EUR/USD on 30.10.2024
The euro has been treading water for an entire week. However, today, it might be able to strengthen its position against the dollar and potentially reduce its current oversold state.
Hot Forecast for EUR/USD on October 25, 2024
The overbought nature of the dollar has finally started to make its presence felt, allowing the single European currency to show some growth despite the preliminary business activity index estimates.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.