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Key Points
- Trump’s election victory prospects, USD, and U.S. Treasury yields are on the rise.
- Deutsche Bank notes that the market is only partially factoring in a Trump victory, suggesting that if the “Trump trade” accelerates, dollar strength could pick up momentum.
- Japan’s ruling Liberal Democratic Party suffered a significant defeat in the Lower House elections on the 27th.
- Continued likelihood of additional rate cuts by the ECB.
Key Economic Indicators
- October 30: Germany’s Q3 GDP, U.S. Q3 GDP
- October 31: Bank of Japan rate decision, Eurozone October CPI, U.S. September PCE price index
- November 1: U.S. October unemployment rate, nonfarm payrolls
EUR/USD Trend Analysis
The euro’s price has currently reached the lower end of a short-term uptrend. Efforts to hold this level are visible, and if a rebound occurs, a rise toward the trend high of 1.14000 can be expected. However, if it breaks below this level and falls under the 1.07500 line, a trend reversal would be confirmed, potentially leading to further declines to the 1.04500 level.
Please share your personal opinions in the comments, and don’t forget to like and subscribe.
Key Points
- Trump’s election victory prospects, USD, and U.S. Treasury yields are on the rise.
- Deutsche Bank notes that the market is only partially factoring in a Trump victory, suggesting that if the “Trump trade” accelerates, dollar strength could pick up momentum.
- Japan’s ruling Liberal Democratic Party suffered a significant defeat in the Lower House elections on the 27th.
- Continued likelihood of additional rate cuts by the ECB.
Key Economic Indicators
- October 30: Germany’s Q3 GDP, U.S. Q3 GDP
- October 31: Bank of Japan rate decision, Eurozone October CPI, U.S. September PCE price index
- November 1: U.S. October unemployment rate, nonfarm payrolls
EUR/USD Trend Analysis
The euro’s price has currently reached the lower end of a short-term uptrend. Efforts to hold this level are visible, and if a rebound occurs, a rise toward the trend high of 1.14000 can be expected. However, if it breaks below this level and falls under the 1.07500 line, a trend reversal would be confirmed, potentially leading to further declines to the 1.04500 level.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.