empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

06.11.202406:40 Forex Analysis & Reviews: Hot Forecast for EUR/USD on 11/06/2024

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.

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 or news. This pattern often occurs in markets when most investors anticipate a particular development, yet prices move in the opposite direction right before it happens. Once vote count updates began to surface, the euro plummeted. Current figures show that Donald Trump secured 210 electoral votes, while Kamala Harris only had 113. With 270 needed to win, it's still too early to draw definitive conclusions, as everything could shift, though Trump's lead over Harris appears substantial.

Additionally, the Republican Party seems poised to secure majorities in the Senate and the House of Representatives. This would mean an absolute Republican victory. From a global market perspective, this outcome is far from ideal, as the Republicans tend to support stricter protectionist measures and tighter control over cross-border capital flows. For this reason, the dollar started to strengthen rapidlymost of the financial capital circulating in global markets is controlled by U.S. institutional investors. A Trump administration would likely implement policies that could increase the returns on investments, specifically within the American economy. However, things could change at any moment, and keeping a close eye on the vote count is essential.

Dean Leo
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off