EURUSD Insight

28 באוק׳

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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.