EUR/USD - Review from 07.11.2024

Financial and commodity markets analytics


So, Donald Trump becomes the 47th President of the United States.

In addition, the Republicans have a rare opportunity to gain control over the executive and legislative branches of power in the country, as both houses of Congress - the Senate and the House of Representatives - are likely to fall under the control of the Republican Party. The U.S. dollar is strengthening.

Meanwhile, technically, the support range we previously described (1.0670-1.0740) has, at this moment, resisted the pressure of sellers of the single European currency.

Among the factors that may affect volatility in the near future are the publication of initial jobless claims and the decision of the U.S. Federal Reserve on the key rate.