empty
nl
Ondersteuning
Direct openen van een account
Trading Platform
Storting/opname

05.12.202407:37 Forex Analyse & Reviews: Hot Forecast for EUR/USD on 05.12.2024

The rate of decline in producer prices in the Eurozone slowed from -3.4% to -3.2%, contrary to expectations of an acceleration to -3.5%. This indicates that, while likely to decrease, inflation in Europe may do so more slowly than anticipated. As such, it seems increasingly likely that the European Central Bank will soon conclude its interest rate cut cycle.

Exchange Rates 05.12.2024 analysis

Additionally, employment in the United States increased by only 146,000, significantly below the forecast of 180,000, which is insufficient to maintain labor market stability.

All this data points toward growth for the euro. However, the market remains stagnant, primarily because tomorrow's U.S. Department of Labor report looms, and investors appear unwilling to take risks prematurely. Secondly, the euro is under pressure from the political crisis in France. Yesterday, the National Assembly passed a vote of no confidence in the government, and time will now be needed to form a new administration.

The market will likely continue its stagnation today, even with the release of Eurozone retail sales data, which is expected to show a slowdown in growth from 2.9% to 2.5%. If yesterday's data fails to impact the market, a retail sales report alone will likely be insufficient. The market clearly remains focused on tomorrow's U.S. Department of Labor report.

*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
© 2007-2025
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

Zie ook


Forex Nieuws
  • 2025-03-31 21:28:32
    German HICP Declines to 2.3% in March, Continuing Downward Trend
    2025-03-31 21:28:32
    Disinflation Continues: Germany's HICP Sees Slight Dip in March
    2025-03-31 21:28:32
    German CPI Dips in March: Inflation at 2.2% Year-over-Year
    2025-03-31 21:28:32
    Chilean Manufacturing Sector Faces Downturn in February with -1.3% Contraction
    2025-03-31 21:28:32
    German CPI Dips to 0.3% in March - Inflation Shows Signs of Easing
    2025-03-31 21:28:32
    South Africa's Trade Balance Makes Striking Recovery in February
    2025-03-31 21:28:32
    US Futures Tumble
    2025-03-31 21:28:32
    Morocco GDP Growth Remains Solid in Q4
    2025-03-31 21:28:32
    Croatia Current Account Gap Widens in Q4
    2025-03-31 21:28:32
    Senegal Economy Continues to Expand Solidly
  • 2025-03-31 21:28:32
    US Stocks Lack Direction
    2025-03-31 21:28:32
    Dominican Republic Holds Interest Rate at 5.75%
    2025-03-31 21:28:32
    Colombia Holds Interest Rate at 9.50% Amid Unchanged Economic Indicators
    2025-03-31 21:28:32
    TSX Rebounds in Afternoon Trading
    2025-03-31 21:28:32
    DAX Ends on Lower Note, Still Posts Q1 Gain
    2025-03-31 21:28:32
    U.S. Treasury 6-Month Bill Yield Dips Slightly Amidst Economic Uncertainty
    2025-03-31 21:28:32
    US Treasury 3-Month Bill Auction Sees Slight Yield Increase to 4.205%
    2025-03-31 21:28:32
    Colombia Jobless Rate Drops to 10.3% in February
    2025-03-31 21:28:32
    Colombia's Urban Unemployment Sees Significant Drop in February 2025
    2025-03-31 21:28:32
    Unemployment in Colombia Drops to 10.3% in February, Marking a Positive Trend
  • 2025-03-31 21:28:32
    Texas Manufacturing Sector Weakens Further in March
    2025-03-31 21:28:32
    Dallas Fed Manufacturing Business Index Plummets Further in March
    2025-03-31 21:28:32
    Heating Oil Subdued Amid Cooling Demand
    2025-03-31 21:28:32
    Baltic Dry Index Falls for 5th Day, Still Books Monthly Gain
    2025-03-31 21:28:32
    Loonie Depreciates Amid Trade War Woes
    2025-03-31 21:28:32
    Qatar's GDP Surges to 6.10% in Q4 2024 Amid Economic Revitalization
    2025-03-31 21:28:32
    Qatar's GDP Growth Slows Significantly in Fourth Quarter of 2024
    2025-03-31 21:28:32
    Loonie Depreciates Amid Trade War Woes
    2025-03-31 21:28:32
    Chicago PMI Points to Slower Downturn in March
    2025-03-31 21:28:32
    Chicago PMI Signals Economic Uptick with March Surge
  • 2025-03-31 21:28:32
    TSX Falls on Tariff Uncertainty
    2025-03-31 21:28:32
    Ukraine's Current Account Deficit Widens Significantly in February
    2025-03-31 21:28:32
    US Stocks Sink on Tariffs Worries
    2025-03-31 21:28:32
    Ghana's Prime Interest Rate Rises to 28% Amid Ongoing Economic Pressures
    2025-03-31 21:28:32
    Tin Soars to Near 3-Year High
    2025-03-31 21:28:32
    Ibovespa Weighed by Global Trade Fears
    2025-03-31 21:28:32
    France's 6-Month BTF Auction Sees Slight Dip in Yield to 2.211%
    2025-03-31 21:28:32
    French 12-Month BTF Auction Sees Slight Decline to 2.131% in March 2025
    2025-03-31 21:28:32
    France's 3-Month BTF Auction Sees Slight Drop in Yield to 2.244%
    2025-03-31 21:28:32
    Chile Retail Sales Growth Slows
  • 2025-03-31 21:28:32
    Chile Industrial Output Falls the Most in Nearly 2 Years
    2025-03-31 21:28:32
    Dollar on Track for Big Quarterly Loss
    2025-03-31 21:28:32
    European Shares Tumble to 2-Month Lows
    2025-03-31 21:28:32
    DAX Deepens Losses
    2025-03-31 21:28:32
    US 10-Year Treasury Yield Falls to 4-Week Low
    2025-03-31 21:28:32
    South Africa Trade Balance Swings to Surplus
    2025-03-31 21:28:32
    German Inflation Rate Slows to 4-Month Low
    2025-03-31 21:28:32
    Ukraine’s Economy Contracts in Late 2024: GDP Declines Amidst Ongoing Challenges
    2025-03-31 21:28:32
    Sharp Decline in Chilean Retail Sales Growth in February
    2025-03-31 21:28:32
    Chile's Copper Production Declines to -5.4% in February Year-over-Year
  • 2025-03-31 21:28:32
    German HICP Declines to 2.3% in March, Continuing Downward Trend
    2025-03-31 21:28:32
    Disinflation Continues: Germany's HICP Sees Slight Dip in March
    2025-03-31 21:28:32
    German CPI Dips in March: Inflation at 2.2% Year-over-Year
    2025-03-31 21:28:32
    Chilean Manufacturing Sector Faces Downturn in February with -1.3% Contraction
    2025-03-31 21:28:32
    German CPI Dips to 0.3% in March - Inflation Shows Signs of Easing
    2025-03-31 21:28:32
    South Africa's Trade Balance Makes Striking Recovery in February
    2025-03-31 21:28:32
    US Futures Tumble
    2025-03-31 21:28:32
    Morocco GDP Growth Remains Solid in Q4
    2025-03-31 21:28:32
    Croatia Current Account Gap Widens in Q4
    2025-03-31 21:28:32
    Senegal Economy Continues to Expand Solidly
  • 2025-03-31 21:28:32
    US Stocks Lack Direction
    2025-03-31 21:28:32
    Dominican Republic Holds Interest Rate at 5.75%
    2025-03-31 21:28:32
    Colombia Holds Interest Rate at 9.50% Amid Unchanged Economic Indicators
    2025-03-31 21:28:32
    TSX Rebounds in Afternoon Trading
    2025-03-31 21:28:32
    DAX Ends on Lower Note, Still Posts Q1 Gain
    2025-03-31 21:28:32
    U.S. Treasury 6-Month Bill Yield Dips Slightly Amidst Economic Uncertainty
    2025-03-31 21:28:32
    US Treasury 3-Month Bill Auction Sees Slight Yield Increase to 4.205%
    2025-03-31 21:28:32
    Colombia Jobless Rate Drops to 10.3% in February
    2025-03-31 21:28:32
    Colombia's Urban Unemployment Sees Significant Drop in February 2025
    2025-03-31 21:28:32
    Unemployment in Colombia Drops to 10.3% in February, Marking a Positive Trend
Kan u nu niet praten?
Stel uw vraag in de chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.