empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

07.11.202407:02 Forex Analysis & Reviews: Hot Forecast for EUR/USD on November 7, 2024

Relevance up to 11:00 UTC--5

Donald Trump achieved such a decisive victory that this time, the election avoided the scandals that marred the vote four years ago. Additionally, Republicans secured a majority in the Senate. While vote counting for the House of Representatives continues, they are also clearly leading there. It seems that the Republican Party will gain control of the White House and both chambers of Congress.

This translates to higher tariffs, increased U.S. protectionism, and more aggressive demands for higher defense spending for Europe. Given the fragile state of the eurozone economy, these developments could exacerbate its problems.

Moreover, the situation worsened because of the collapse of the ruling coalition in Germany, prompting Olaf Scholz to discuss early elections. Currently, opposition parties are highly skeptical of the European Union, and NATO may not achieve a majority in the Bundestag, but they are likely to strengthen their positions. The future government will have to take their stance into account.

All these factors contribute to a lack of optimism for the euro, which will likely remain under pressure. For now, political factors are expected to outweigh economic ones.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.