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

11.12.202404:43 Forex Analysis & Reviews: Forecast for EUR/USD on December 11, 2024

Investors' gradual shift away from risk continues. Yesterday, the U.S. stock index S&P 500 fell by 0.30%, and the euro followed suit, losing 24 pips, albeit within the context of anticipation for the European Central Bank meeting.

Exchange Rates 11.12.2024 analysis

The November U.S. CPI report will be released today. The Core CPI is expected to remain unchanged at 3.3% YoY, while the headline CPI may increase from 2.6% YoY to 2.7% YoY.

Considering the slightly hawkish rhetoric from Federal Reserve officials over the past 1.5 weeks, the most likely scenario for the euro leading up to the ECB meeting is a decline toward the lower boundary of the 1.0461–1.0598 range.

Furthermore, the widely discussed 25-basis-point rate cut by the ECB has already been fully priced in, as evidenced by the euro's 4.5-figure decline since November 16. The market is now entirely focused on the Fed's actions and crisis-driven correlations.

Exchange Rates 11.12.2024 analysis

On the 4-hour chart, yesterday's decline was halted by the MACD Line and the balance line. The Marlin oscillator remains on a downward trajectory. Today, the price may attempt to break below these indicator supports and consolidate beneath them.

*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.

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