Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

EUR / USD pair

The collapse of the US stock market was the main event yesterday. The Dow Jones index lost 3.15% and the S & P500 broad market index collapsed 3.29%, as well as, the Nasdaq technology sector dropped by 4.08%. There were no obvious reasons for such a collapse but it seems that the driving factor for such cases is traditional as the market collapsed under its own weight. For a very long time, the indices grew only because of the optimism of Trump and the buyback. As a result, investors began to invest in US government bonds whereby the yield on 5-year securities fell from 3.057% to 3.011%. However, this is a slight decrease in yield relative to the fall of the stock market. Similarly, the dollar did not actively buy up investors and even slightly lost in value. The USD index fell by 0.18% while the euro rose by 29 points. But if, for example, the collapse of the market was preceded by the bankruptcy of any bank, then we would see a stronger fall in government bond yields and a fall in the euro. The situation is similar to was at the beginning of February of this year, when the market was shaken up a bit with a relatively stable euro and the single currency then lost two pieces.

Donald Trump has already managed to describe yesterday's collapse as a healthy correction of the bull market. While the script is exactly like that but it was only aggravated by trade wars and general political instability in the world. For these reasons, we do not expect any strong or average growth of dollar counter currencies. The euro can reach the previously forecast goal of 1.1624, which is the Fibonacci retracement level from the fall line from September 24.

Exchange Rates 12.10.2018 analysis

Exchange Rates 12.10.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.