EUR/USD Forecast 2024 Currency Price & Rate







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Euro to US Dollar (EUR/USD) forecast for 2024, 2025, 2026

Updated: September 16, 2024 (11:59)

Reverse forecast: USD to EUR


Euro / US Dollar price online today

Now Tomorrow 7 Days 30 Days
100 Euro (EUR) to US Dollar (USD) 111.2 110.4 111.3
200 Euro (EUR) to US Dollar (USD) 222.4 220.8 222.5
500 Euro (EUR) to US Dollar (USD) 556.1 552.1 556.3
1000 Euro (EUR) to US Dollar (USD) 1112.1 1104.2 1112.6
3000 Euro (EUR) to US Dollar (USD) 3336.4 3312.5 3337.9

How much will the EUR/USD currency pair cost in 2024, 2025 and 2026? What is the forecast for the EUR/USD currency pair? What is the target price of the Euro / US Dollar currency pair for 2024-2026?

We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Euro rise or fall against the US Dollar?

Identifying the trend of the EUR/USD currency pair

The recent rally in silver prices bolsters the expectation of a Federal Reserve rate cut, which may lead to a weaker USD and influence the EURUSD pair towards bullish sentiment. Concurrently, an elevated neutral-to-bearish outlook for the EUR persists amid upcoming ECB monetary policy decisions.

Despite the recorded strength in India's forex reserves, suggesting increased global investor confidence, there's a somewhat bullish prospect for the EUR. This development indicates potential positive reallocations favoring the euro from emerging markets.

The recent comments by Christine Lagarde have propelled medium-term EUR positivity, yet ongoing interest rate cuts by the ECB might instigate short-term volatility. Conversely, the anticipation of a Fed rate cut implies a mid-term neutral sentiment in the paired currencies with a slight skew toward EUR appreciation.

Ultimately, investment strategies might anticipate continued volatility and reversals in the EURUSD exchange, balancing the positive EU sentiment against potentially dovish US monetary actions. Investors are advised to closely monitor central bank communications for strategic adjustments.



EUR Trend Prediction

As of now, Panda has analyzed 22 news pieces concerning the EUR currency. The average relevance score for these news items is 0.48 (with the closer to 1 being more relevant).
2024-09-16
Bullish Impact: 0.11 News: 2 (1/1/0)
2024-09-13
Bullish Impact: 0.16 News: 3 (2/0/1)
2024-09-12
Bullish Impact: 0.11 News: 3 (2/1/0)
2024-09-11
Neutral Impact: -0.14 News: 2 (0/1/1)
2024-09-10
Bullish Impact: 0.22 News: 2 (2/0/0)
2024-09-09
Bullish Impact: 0.32 News: 2 (1/1/0)
2024-09-06
Bullish Impact: 0.24 News: 2 (1/1/0)
2024-09-05
Neutral Impact: -0.02 News: 1 (0/1/0)
2024-08-30
Bullish Impact: 0.08 News: 3 (2/0/1)
2024-08-29
Bullish Impact: 0.37 News: 2 (2/0/0)
*A higher impact value approaching 1 (for Bullish) or -1 (for Bearish) indicates a stronger significance on the trend.

Ferrari N.V.: Update on Multi-Year Share Buyback Program

September 16, 2024 (13:26)
Trend: Somewhat-Bullish
Influence: 0.29
The announcement of Ferrari's Euro 250 million share buyback program indicates confidence in the company, potentially enhancing investor sentiment towards Euro-denominated assets. This move likely contributed to a 'Somewhat-Bullish' sentiment for the EUR as it signals robust economic activities within the region.

Slight Decline in Euro Speculative Long Positions

September 16, 2024 (07:20)
Trend: Neutral
Influence: -0.08
The slight reduction in net long positions by large speculators signals a decrease in bullish sentiment for the Euro. This muted sentiment reflects in the neutral impact on the EUR exchange rate, indicating that investors are adjusting their positions cautiously.

USD Trend Forecasting

Regarding the USD currency, 117 news pieces were analyzed. The average relevance of these news items is 0.36 (the closer to 1, the higher).
2024-09-16
Neutral Impact: 0.11 News: 11 (3/7/1)
2024-09-15
Bullish Impact: 0.08 News: 2 (1/1/0)
2024-09-13
Neutral Impact: 0.04 News: 11 (3/6/2)
2024-09-12
Neutral Impact: -0.01 News: 11 (1/6/4)
2024-09-11
Neutral Impact: -0.03 News: 16 (1/12/3)
2024-09-10
Neutral Impact: 0.01 News: 9 (2/5/2)
2024-09-09
Neutral Impact: 0.06 News: 14 (3/10/1)
2024-09-07
Neutral Impact: 0.02 News: 1 (0/1/0)
2024-09-06
Neutral Impact: -0.07 News: 12 (1/7/4)
2024-09-08
Neutral Impact: 0 News: 3 (0/3/0)
2024-09-05
Neutral Impact: 0.03 News: 12 (3/7/2)
2024-08-30
Bullish Impact: 0.01 News: 8 (3/2/3)
2024-08-29
Neutral Impact: 0.05 News: 6 (1/4/1)
*A higher impact value approaching 1 (for Bullish) or -1 (for Bearish) indicates a stronger significance on the trend.

Impending Fed Rate Reductions: Crypto Sector Primed for Gains, Bernstein Suggests

September 16, 2024 (14:27)
Trend: Bullish
Influence: 0.37
The anticipation of Federal Reserve rate cuts is likely reducing the appeal of USD as an investment, encouraging investors to diversify into crypto markets like DeFi and Ethereum. This shift is reflected as a bullish sentiment impact on USD in the short term because investors may initially seek higher returns in alternative markets before converting gains back into dollars.

EUR/USD Rises Amid Anticipation of Fed's Rate Decision

September 16, 2024 (13:42)
Trend: Neutral
Influence: 0.11
The strengthening of the EUR/USD pair suggests that traders are adjusting their positions ahead of the Federal Reserve's interest rate decision. The moderate sentiment towards the USD reflects uncertainty, as market participants weigh the likelihood of changes to US monetary policy impacting the dollar's value.
This chart provides a comparative trend analysis of sentiment scores over time for EUR and USD currencies, displaying their respective news coverage and associated sentiment. By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.

Historical and forecast chart of the Euro/US Dollar currency pair

The chart below shows the historical quotes of the EUR/USD pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Euro/US Dollar rate can be found in the table below.

Long-term forecasts by years.

EUR Main News

Current Silver Market Drives Dip Buying Strategy and Influences Forex Tactics

September 13, 2024 (01:19)
Trend: Somewhat-Bearish
Influence: -0.18
The rally in silver prices due to expectations of a Federal Reserve rate cut suggests an economic environment with loosened monetary policy, potentially weakening the EUR. As industrial commodities firm, investor focus might shift to currencies like the USD, putting additional bearish pressure on the EUR.

India's Forex Reserves Climb to Record $689.24 Billion

September 13, 2024 (12:03)
Trend: Bullish
Influence: 0.37
The significant increase in India's forex reserves signals a strong economic position, which can enhance investor confidence in emerging markets. This positive sentiment spills over into the EUR exchange rate, as investors diversify and adjust their currency allocations, benefitting the Euro.

Lagarde Remarks Drive Euro to Weekly High

September 13, 2024 (06:36)
Trend: Somewhat-Bullish
Influence: 0.28
The Euro has gained strength due to Christine Lagarde's comments, suggesting positive insights or reassurances that favor the currency. This optimistic sentiment is reflected in the somewhat-bullish ticker sentiment score, indicating potential investor confidence.

ECB Reduces Interest Rates Again as Financial Markets Rebound

September 12, 2024 (16:58)
Trend: Somewhat-Bullish
Influence: 0.18
The decision by the European Central Bank to lower interest rates signals an effort to stimulate the economy, which tends to have a somewhat bullish effect on the EUR in the short term. With the anticipation of the Federal Reserve following suit, the EUR exchange rate may experience volatility but is currently seeing an uplift due to increased investor confidence.

Euro Nears One-Month Low Against Dollar as ECB Decision Looms

September 12, 2024 (11:48)
Trend: Neutral
Influence: -0.1
The EUR is experiencing pressure due to investor anticipation of the forthcoming ECB interest rate decision, which often impacts currency value. The neutral sentiment suggests that while the outcome remains uncertain, traders are cautious, highlighting the potential for increased volatility based on the ECB's monetary policy direction.

GE T&D Experiences Over 4% Jump in Shares After Securing Multiple Orders

September 12, 2024 (04:22)
Trend: Somewhat-Bullish
Influence: 0.26
The surge in GE T&D shares could indicate broader market optimism, positively influencing the Euro exchange rate by enhancing investor confidence in European markets. This somewhat bullish sentiment is reflected in the slight uptick observed in the Euro's performance against other currencies.

ED Investigates Front-Running Case in Axis Mutual Fund

September 11, 2024 (15:23)
Trend: Neutral
Influence: -0.04
The investigation into front-running at Axis Mutual Fund may cause concerns among investors about market integrity, leading to a shift away from riskier assets. Consequently, the EUR sees a slight impact as market participants become more cautious, reflected in its nearly neutral sentiment score.

Statkraft AS Issues SEK 500 Million Green Bonds in Successful Placement

September 11, 2024 (12:57)
Trend: Somewhat-Bearish
Influence: -0.25
The issuance of green bonds by Statkraft in Swedish kronor rather than euros may lead to decreased demand for the euro, impacting its exchange rate unfavorably. The somewhat bearish sentiment suggests that investors might see this as a shift in preference away from euro-denominated assets, contributing to downward pressure on the euro.

Ferrari N.V.: Update on Share Buyback Initiative

September 10, 2024 (14:17)
Trend: Somewhat-Bullish
Influence: 0.29
Ferrari's decision to continue its substantial share buyback program can boost investor confidence in the company, reflecting a strong financial position. This positive sentiment towards Ferrari might moderately strengthen the EUR, aligning with the somewhat bullish outlook on the exchange rate.

IMF Highlights Rising Role of Alternative Currencies Amid Geoeconomic Fragmentation

September 10, 2024 (07:17)
Trend: Somewhat-Bullish
Influence: 0.15
The news suggests that the EUR might experience some bullish sentiment as investors may perceive the euro as a stable alternative amidst the fragmentation of global economic systems. The role of alternative currencies becoming more significant could position the EUR favorably against other currencies that are more susceptible to geoeconomic disruptions.

Completion of Share Buyback Programme by DEME Group

September 9, 2024 (15:30)
Trend: Bullish
Influence: 0.5
The completion of DEME Group's share buyback programme indicates robust financial health and investor confidence, positively impacting the sentiment towards the euro. As companies buy back shares, it enhances earnings per share and signals confidence in future prospects, contributing to a bullish sentiment for the EUR exchange rate.

Speculators Increase Net Long Positions on Euro Futures

September 9, 2024 (09:02)
Trend: Neutral
Influence: 0.13
The increase in net long positions indicates growing confidence among large speculators in the Euro's performance, though the sentiment remains relatively neutral. This may suggest that while there is some optimism, market participants are still cautious about broader economic factors affecting the Euro.

India's Forex Reserves Hit New Record at $683.9 Billion, Influencing Euro

September 6, 2024 (12:14)
Trend: Bullish
Influence: 0.37
The significant increase in India's forex reserves suggests a strengthening of India's economic position, which can impact global currency markets. The bullish sentiment towards the Euro could be attributed to increased global confidence, as an economically robust India can support a balanced international trading environment.

Euro Maintains One-Week High Amid Focus on US Employment Figures

September 6, 2024 (06:59)
Trend: Neutral
Influence: 0.11
The EUR exchange rate remains stable as market participants await the US jobs data, which could influence future monetary policy decisions. The neutral sentiment indicates that investors are cautiously optimistic but are withholding significant moves until clearer economic signals are available.

Mastercard and Mercuryo introduce euro-based crypto debit card

September 5, 2024 (10:19)
Trend: Neutral
Influence: -0.02
The partnership between Mastercard and Mercuryo highlights increased integration of cryptocurrencies into mainstream banking, creating potential demand shifts for the euro. Although the neutral sentiment suggests limited immediate impact, long-term effects could fluctuate based on how widely the new service is adopted and its influence on fiat currency use.

USD Main News

Trend:
Influence: 0

Gold Mining ETF's Rise Suggests Potential for Further Gains

September 16, 2024 (11:00)
Trend: Somewhat-Bullish
Influence: 0.25
The surge in the gold mining ETF indicates growing investor confidence in gold as a safe haven, which can bolster the USD. A strong performance in gold mining stocks often parallels a stronger USD due to the correlation between gold prices and economic confidence.

Rising Gold Prices and Weaker Dollar Amid Mixed Asian and European Markets

September 16, 2024 (10:58)
Trend: Bearish
Influence: -0.38
The anticipation of a potential 50-basis point interest rate cut by the Federal Reserve has weakened the USD, as lower interest rates typically reduce foreign investors' demand for a currency. Additionally, the rise in gold prices suggests that investors are seeking safe-haven assets, which often occurs when confidence in the USD decreases.

Indian Rupee Strengthens Below 83.90 Against the US Dollar

September 16, 2024 (10:36)
Trend: Bullish
Influence: 0.46
The appreciation of the Indian Rupee suggests increased investor confidence in India's economy relative to the US, contributing positively to the USD's sentiment due to uncertainties in the global currency market. Despite the INR's gain, the bullish sentiment towards the USD implies that traders anticipate it may still have potential for strength in the international forex market.

Asian Markets Pause, China's Economic Data Falters

September 16, 2024 (09:45)
Trend: Neutral
Influence: -0.05
The release of disappointing economic data from China may lead to increased market uncertainty, affecting the USD exchange rate due to investors' search for stability. Concurrently, the anticipation of upcoming U.S. economic data could compound pressure on the USD, leading to a cautious speculation environment.

Circle Blacklists Lazarus: Impacts on Crypto and USD

September 16, 2024 (06:10)
Trend: Neutral
Influence: 0.12
The neutral sentiment on the USD indicates that the blacklisting of Lazarus Group-linked wallets by Circle, while significant in the crypto space, does not immediately alter the USD's perceived stability or value. This is likely because the move aligns with existing measures by other stablecoin issuers, dampening any potential volatility or shifts in market confidence in the short term.

Speculative Long Positions in US Dollar Index Reach Six-Month High

September 16, 2024 (05:42)
Trend: Neutral
Influence: 0.03
The increase in net long positions suggests growing confidence in the USD, potentially due to positive economic indicators. This speculative activity indicates that the market expects the dollar to strengthen, although the sentiment remains neutral as the overall impact on the exchange rate is still uncertain.

Rupee Strengthens to 83.87 Against US Dollar in Early Trading

September 16, 2024 (04:30)
Trend: Neutral
Influence: 0.14
The slight appreciation of the rupee against the US dollar can be attributed to the weakening of the American currency in global markets and substantial foreign investment inflows into India. As traders anticipate guidance from the upcoming US Federal Reserve policy meeting, the dollar's exchange rate remains relatively stable with a neutral sentiment.

Financial Indices Show Positive Momentum in Early Trade

September 16, 2024 (04:03)
Trend: Neutral
Influence: 0.06
The rise in major Indian indices like the S&P BSE Sensex and Nifty 50 suggests increased investor confidence, which can lead to global inflows into the market. Such inflows often strengthen the local currency against the USD, but the 'Neutral' sentiment indicates that this effect is currently minimal, perhaps due to broader market conditions balancing the impact.

Rupee Set to Rise as Prospects of Major Fed Rate Cut Increase

September 16, 2024 (03:39)
Trend: Neutral
Influence: 0.08
The anticipation of a significant rate cut by the Federal Reserve suggests a potential weakening of the US dollar, as lower interest rates generally decrease currency value. As a result, the rupee is expected to slightly gain against the dollar, reflecting the economic interplay and market sentiment surrounding such monetary policy changes.

Robert Kiyosaki Warns About Increasing US Debt: Calls The Dollar 'Trash'

September 15, 2024 (15:01)
Trend: Neutral
Influence: -0.08
The concerns raised by Robert Kiyosaki regarding the rising U.S. debt have created apprehensions in the market about the long-term stability of the U.S. dollar. Despite the 'Neutral' sentiment label, the negative sentiment score reflects growing unease that could impact USD's exchange rate.

Donald Trump Introduces DeFi Crypto Project to Drive Stablecoin Adoption in America

September 15, 2024 (13:31)
Trend: Somewhat-Bullish
Influence: 0.24
The announcement of a new DeFi platform by Donald Trump emphasizes the potential for increased stablecoin usage in the U.S., which suggests a positive sentiment toward the USD. As this project aims to integrate stablecoins into the financial mainstream, it could enhance the USD's value in global markets by reinforcing stability and trust.

Market Indicators Decline; Strong Breadth Observed

September 13, 2024 (04:05)
Trend: Neutral
Influence: 0.06
The slight downturn in major Indian stock indices suggests cautious sentiment, which is reflected as neutral in the impact on the USD Forex exchange rate. With the market breadth remaining strong, investors may perceive stability, thus only causing a minor, neutral shift in USD value.

Bitcoin Targets $60K as Gold Reaches New Record High

September 13, 2024 (16:52)
Trend: Neutral
Influence: 0.13
The likelihood of a 0.5% interest rate cut is encouraging investors to flock to alternative assets like Bitcoin and gold, dampening the strength of the USD. Such movements suggest a shift in investor sentiment toward safer havens, impacting the USD exchange rate as its demand decreases in favor of these assets.

Consumer Watchdog Warns Tether Could Be a Financial Risk for Users

September 13, 2024 (15:10)
Trend: Somewhat-Bearish
Influence: -0.25
The concerns raised about Tether having similar issues to failed entities like FTX and Celsius suggest potential instability in associated financial markets. This perception of risk negatively impacts the confidence in Tether-backed instruments potentially affecting the USD exchange rate, leading to a somewhat bearish sentiment.

Comprehensive Analysis of News and Events influencing the EURUSD currency pair


We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.

The results of forecasts of the Euro/US Dollar currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).

Forecasts are adjusted once a day taking into account the price change of the previous day.

Euro / US Dollar Daily Forecast for a Month

Date Target Pes. Opt. Vol., %
Sep 18 1.1121 1.1096 1.1162 0.60 %
Sep 19 1.1159 1.1091 1.1211 1.08 %
Sep 20 1.1084 1.1045 1.1119 0.67 %
Sep 21 1.1006 1.0960 1.1055 0.87 %
Sep 22 1.0968 1.0931 1.1035 0.95 %
Sep 23 1.1042 1.1002 1.1112 1.00 %
Sep 24 1.1053 1.1032 1.1075 0.39 %
Sep 25 1.1085 1.1035 1.1151 1.06 %
Sep 26 1.1097 1.1058 1.1153 0.86 %
Sep 27 1.1112 1.1066 1.1161 0.86 %
Sep 28 1.1146 1.1116 1.1189 0.65 %
Sep 29 1.1154 1.1106 1.1223 1.05 %
Sep 30 1.1125 1.1077 1.1205 1.16 %
Oct 01 1.1218 1.1155 1.1264 0.98 %
Oct 02 1.1190 1.1132 1.1256 1.11 %
Oct 03 1.1142 1.1113 1.1197 0.76 %
Oct 04 1.1150 1.1088 1.1218 1.18 %
Oct 05 1.1189 1.1167 1.1259 0.83 %
Oct 06 1.1152 1.1119 1.1183 0.58 %
Oct 07 1.1165 1.1091 1.1191 0.90 %
Oct 08 1.1144 1.1063 1.1167 0.93 %
Oct 09 1.1110 1.1043 1.1185 1.29 %
Oct 10 1.1120 1.1066 1.1142 0.69 %
Oct 11 1.1138 1.1057 1.1179 1.10 %
Oct 12 1.1218 1.1138 1.1242 0.93 %
Oct 13 1.1314 1.1257 1.1388 1.17 %
Oct 14 1.1253 1.1217 1.1304 0.78 %
Oct 15 1.1269 1.1227 1.1344 1.04 %
Oct 16 1.1207 1.1153 1.1229 0.68 %
Oct 17 1.1126 1.1104 1.1174 0.63 %

Target daily price EUR/USD


Target values of the EUR/USD currency pair as of 09-18-2024.

The weighted average target price of the Euro/US Dollar currency pair as of 09-18-2024: 1.1121. A positive trend is expected with a possible volatility of 0.592%.

Optimistic target level: 1.1162
Pessimistic target level: 1.1096


Target values of the EUR/USD currency pair as of 09-19-2024.

The weighted average target price of the Euro/US Dollar currency pair as of 09-19-2024: 1.1159. A positive trend is expected with a possible volatility of 1.066%.

Optimistic target level: 1.1211
Pessimistic target level: 1.1091


Target values of the EUR/USD currency pair as of 09-20-2024.

The weighted average target price of the Euro/US Dollar currency pair as of 09-20-2024: 1.1084. A negative trend is expected with a possible volatility of 0.664%.

Optimistic target level: 1.1119
Pessimistic target level: 1.1045


Target values of the EUR/USD currency pair as of 09-21-2024.

The weighted average target price of the Euro/US Dollar currency pair as of 09-21-2024: 1.1006. A negative trend is expected with a possible volatility of 0.860%.

Optimistic target level: 1.1055
Pessimistic target level: 1.0960


Target values of the EUR/USD currency pair as of 09-22-2024.

The weighted average target price of the Euro/US Dollar currency pair as of 09-22-2024: 1.0968. A negative trend is expected with a possible volatility of 0.940%.

Optimistic target level: 1.1035
Pessimistic target level: 1.0931


Euro / US Dollar (EUR/USD) Forecast 2024 Monthly

Month Target Pes. Opt. Vol., %
Oct 1.1381 1.1204 1.1682 4.09 %
Nov 1.1390 1.1065 1.1558 4.26 %
Dec 1.1170 1.0837 1.1541 6.10 %

EUR/USD forecast for this year


Forecast of the EUR/USD pair for Oct 2024

A bullish trend is forecast this month with an optimal target level of 1.13807.

Forecast of the EUR/USD pair for Nov 2024

A bullish trend is forecast this month with an optimal target level of 1.13902.

Forecast of the EUR/USD pair for Dec 2024

A bearish trend is forecast this month with an optimal target level of 1.11702.

Euro / US Dollar (EUR/USD) Forecast 2025 Monthly

Month Target Pes. Opt. Vol., %
Jan 1.1367 1.1062 1.1482 3.66 %
Feb 1.0923 1.0717 1.1203 4.34 %
Mar 1.0974 1.0863 1.1236 3.32 %
Apr 1.1412 1.1119 1.1560 3.81 %
May 1.1541 1.1376 1.1919 4.55 %
Jun 1.1444 1.1281 1.1694 3.53 %
Jul 1.1088 1.0949 1.1358 3.61 %
Aug 1.1144 1.0920 1.1346 3.75 %
Sep 1.0826 1.0594 1.1003 3.72 %
Oct 1.1276 1.1025 1.1579 4.79 %
Nov 1.1091 1.0877 1.1366 4.30 %
Dec 1.1473 1.1112 1.1647 4.59 %

Euro / US Dollar (EUR/USD) Forecast 2026 Monthly

Month Target Pes. Opt. Vol., %
Jan 1.1300 1.1101 1.1490 3.39 %
Feb 1.1143 1.0919 1.1471 4.81 %
Mar 1.1214 1.1053 1.1562 4.40 %
Apr 1.1407 1.1282 1.1541 2.24 %
May 1.1071 1.0783 1.1271 4.33 %
Jun 1.1011 1.0803 1.1163 3.23 %
Jul 1.1210 1.1106 1.1341 2.08 %
Aug 1.0927 1.0767 1.1161 3.54 %
Sep 1.1363 1.0981 1.1597 5.31 %
Oct 1.1549 1.1316 1.1724 3.48 %
Nov 1.1661 1.1357 1.2043 5.69 %
Dec 1.1739 1.1616 1.2055 3.64 %



Other currencies against the US Dollar (USD)

Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.