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01.11.202223:43 Forex Analysis & Reviews: Euro shows weakness before the Fed

Exchange Rates 01.11.2022 analysis

EURUSD

The ISM industrial report for the USA for October has been released.

Business activity came out better than expected, 50.2%.

This is not much higher than the forecast of 49% - but even this was enough for the euro to fall, and a noticeable fall.

The euro is ready to fall due to the US Federal Reserve if there is no hint of policy easing in the future.

European Central Bank President Christine Lagarde said that the ECB is ready to raise the rate further - but as we can see this does not help the euro.

The market is waiting for the Fed.

The euro may possibly fall to the lows of the year.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Jozef Kovach,
Analytical expert of InstaSpot
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