empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

30.10.202407:30 Forex Analysis & Reviews: Hot Forecast for EUR/USD on 30.10.2024

The euro has been treading water for an entire week. However, today, it might be able to strengthen its position against the dollar and potentially reduce its current oversold state. This potential boost could come from the preliminary Eurozone GDP data for Q3, precisely the initial estimate, which tends to have the most impact. According to forecasts, Eurozone economic growth is expected to accelerate from 0.6% to 1.0%. This is a fairly positive outcome, given the significant concerns about the prospects of the European economy. As a result, the euro could gain a considerable boost in optimism and strengthen its position noticeably. Moreover, according to forecasts, similar data from the United States is expected to show stable growth rates. Although growth rates in Europe are lower, the mere improvement in dynamics is a positive factor.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.