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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.
Hot Forecast for EUR/USD on 10/22/2024
The anticipated correction for the dollar remains unfulfilled, as the modest signs of its beginning led nowhere. The dollar began to grow actively again. The reason behind this development.
Hot Forecast on EUR/USD From 17.10.2024
The market seems to no longer doubt that the European Central Bank will again lower the refinancing rate today—by another 25 basis points, from 3.65% to 3.40%. This decision.
Hot Forecast for EUR/USD on 09.10.2024
The market seems to be at a standstill, not so much because of the absence of any macroeconomic data but rather due to the anticipation of tomorrow's inflation data release.
Hot Forecast for EUR/USD on October 4, 2024
The dollar is on hold in anticipation of the release of the U.S. Department of Labor report. Moreover, there is increasing speculation that the report's content may be slightly better.
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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.