empty
 
 
28.10.2024 08:04 AM
Hot Forecast for EUR/USD on 28.10.2024

The faint signs of a potential correction became illusions as the dollar again reinforced its position. This resilience came despite U.S. durable goods orders dropping by 0.8%, notably worse than the anticipated 0.5% decline. Additionally, inflation expectations in the Eurozone have ticked upward, hinting at a potentially slower pace of monetary policy easing by the European Central Bank. In other words, the data pointed toward continuing corrective movement that could strengthen the euro. However, investors seem to lack confidence in the euro's prospects — at least for now. With an empty macroeconomic calendar today, and indeed for the rest of the week, the dollar could continue strengthening its position despite already being overbought.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback