Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

FOREX EUR USD: Euro readying for Fall. 30.10.2015

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Yesterday’s Trading:

On Thursday, the euro/dollar shot upwards without updating the minimum. The fixation of profit led to a fall in the dollar rate against many pairs. I did allow for such a scenario. The dollar weakened in the second half of the day after weak US Q3 GDP results and the same for the housing market numbers in the country. The euro/dollar renewed to 1.0985.

FOREX EUR USD: Expected Recoil Before Minimum Renews. 29.10.2015

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Yesterday’s Trading:

The euro/dollar ended up closing down yesterday. The euro lost 160 points after the Fed published its press release. The Federal Reserve decided to leave the interest rate unchanged in a 0.0%-0.25% range. In the text announcement, a phrase about the effect of global problems on US inflation was removed.

FOREX EUR USD: Expected Consolidation Till American Session. 28.10.2015

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Yesterday’s Trading:
On Tuesday the DXY index closed up slightly, despite the weak US stats. Durable goods orders, the consumer confidence index and the service sector PMI for the country were all worse than expected. The FOMC meeting which began yesterday is holding the dollar from falling. The Federal Reserve’s interest rate decision will be made public this evening at 20:00 EET.

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