CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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11.11.202407:11 Forex Analysis & Reviews: Hot Forecast for EUR/USD on November 11, 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.

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 Chair Jerome Powell's press conference, during which he explicitly mentioned a pause in the rate cuts process.

It's no surprise that the euro quickly lost all its recent gains and resumed its sharp decline, consistent with the trajectory set after the recent presidential elections in the United States. Based on current developments, the euro is likely to continue its downward movement. However, a brief pause may occur today due to the U.S. public holiday—Veterans Day.

Dean Leo
Analytical expert of InstaForex
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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