The EUR/USD currency pair
āĻŽā§āĻĻā§āϰāĻž āĻā§āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝā§āĻā§āϤāĻŋāĻāϤ āϏā§āĻāĻ:
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻā§āϞāĻž: 1.1606
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻŦāύā§āϧ: 1.1620
- āϏāϰā§āĻŦāĻļā§āώ āĻĻāĻŋāύ āϧāϰ⧠% chg.: +0.14%
German Bund yields rose above 2.75%, their highest since late September, after inflation data came in slightly above prognoses, reinforcing expectations of high ECB rates. Eurozone inflation accelerated to 2.2% versus 2.1% expected, while fresh ECB minutes showed no urgency to ease policy, with markets not expecting rate changes until 2026. Domestically, Germany finally approved the 2026 federal budget, abandoning the âblack zeroâ principle and increasing borrowing to finance major government programs.
āĻā§āϰā§āĻĄāĻŋāĻ āϏā§āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§āĻš
- āϏāĻšāĻžā§āϤāĻžāϰ āĻŽāĻžāϤā§āϰāĻž: 1.1607, 1.1590, 1.1555, 1.1503
- āĻĒā§āϰāϤāĻŋāϰā§āϧā§āϰ āĻŽāĻžāϤā§āϰāĻž: 1.1653
The euro corrected yesterday to 1.1590, where buyers stepped in. Price is now aiming to test resistance at 1.1653. Buy trades should be considered from EMA lines, as price has deviated significantly from averages. No optimal sell entries at present.
āĻŦāĻŋāĻāϞā§āĻĒ āĻĻā§āĻļā§āϝāĻāϞā§āĻĒ:- Trend: U
- Sup: 1.1607
- Res: 1.1656
- Note: Considering buys from EMA lines with confirmation. Profit target: 1.1656.
-āĻāϰ āĻāύā§āϝ āύāĻŋāĻāĻ āĻĢāĻŋāĻĄ: 2025.12.03
- Eurozone Services PMI (m/m) at 11:00 (GMT+2); – EUR (LOW)
- Eurozone Producer Price Index (m/m) at 12:00 (GMT+2); – EUR (MED)
- US ADP Non-Farm Employment Change (m/m) at 15:15 (GMT+2); – USD (MED)
- US ISM Services PMI (m/m) at 17:00 (GMT+2); – USD (MED)
The GBP/USD currency pair
āĻŽā§āĻĻā§āϰāĻž āĻā§āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝā§āĻā§āϤāĻŋāĻāϤ āϏā§āĻāĻ:
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻā§āϞāĻž: 1.3212
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻŦāύā§āϧ: 1.3210
- āϏāϰā§āĻŦāĻļā§āώ āĻĻāĻŋāύ āϧāϰ⧠% chg.: -0.02 %
Sterling is rising less confidently than the euro. Investors remain cautious after BoE Governor Andrew Bailey warned of increased risks to the financial system and possible consequences of a US AIâcompany bubble burst for the UK market.
āĻā§āϰā§āĻĄāĻŋāĻ āϏā§āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§āĻš
- āϏāĻšāĻžā§āϤāĻžāϰ āĻŽāĻžāϤā§āϰāĻž: 1.3218, 1.3156, 1.3111, 1.3080
- āĻĒā§āϰāϤāĻŋāϰā§āϧā§āϰ āĻŽāĻžāϤā§āϰāĻž: 1.3268
Sterling held above support at 1.3218, and buyers must keep the price above this level. Buy trades can be considered from 1.3218 with intraday confirmation, or from EMA lines. No optimal sell entries at present.
āĻŦāĻŋāĻāϞā§āĻĒ āĻĻā§āĻļā§āϝāĻāϞā§āĻĒ:- Trend: Up
- Sup: 1.3218
- Res: 1.3268
- Note: Considering buy trades from 1.3218 or EMA lines with confirmation. Profit target: 1.3268.
-āĻāϰ āĻāύā§āϝ āύāĻŋāĻāĻ āĻĢāĻŋāĻĄ: 2025.12.03
- UK Services PMI (m/m) at 11:30 (GMT+2). – GBP (LOW)
The USD/JPY currency pair
āĻŽā§āĻĻā§āϰāĻž āĻā§āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝā§āĻā§āϤāĻŋāĻāϤ āϏā§āĻāĻ:
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻā§āϞāĻž: 155.46
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻŦāύā§āϧ: 155.86
- āϏāϰā§āĻŦāĻļā§āώ āĻĻāĻŋāύ āϧāϰ⧠% chg.: +0.27 %
On Wednesday, the yen strengthened to 155.5 per USD amid dollar weakness and growing expectations of more aggressive Fed rate cuts. Domestically, support came from persistent expectations that the BoJ may raise rates this month after a series of hawkish signals.
āĻā§āϰā§āĻĄāĻŋāĻ āϏā§āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§āĻš
- āϏāĻšāĻžā§āϤāĻžāϰ āĻŽāĻžāϤā§āϰāĻž: 155.69, 154.82, 154.41
- āĻĒā§āϰāϤāĻŋāϰā§āϧā§āϰ āĻŽāĻžāϤā§āϰāĻž: 156.09, 156.40, 157.11, 157.87
Sellers are preventing the price from returning above 156.09, increasing the likelihood of further yen strength. Buyers have built support at 155.69, creating a flat range between these levels. Wait for an impulsive breakout. A close below 155.69 would likely trigger a drop to 154.82. A close above 156.09 would open the path to 157.11.
āĻŦāĻŋāĻāϞā§āĻĒ āĻĻā§āĻļā§āϝāĻāϞā§āĻĒ:- Trend: Neutral
- Sup: 155.69
- Res: 156.09
- Note: Waiting for an impulsive breakout above 156.09 for buys or below 155.69 for sells.
-āĻāϰ āĻāύā§āϝ āύāĻŋāĻāĻ āĻĢāĻŋāĻĄ: 2025.12.03
- Japan Services PMI (m/m) at 02:30 (GMT+2). – JPY (LOW)
The XAU/USD currency pair (gold)
āĻŽā§āĻĻā§āϰāĻž āĻā§āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝā§āĻā§āϤāĻŋāĻāϤ āϏā§āĻāĻ:
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻā§āϞāĻž: 4230
- āĻĒā§āϰā§āĻŦāĻŦāϰā§āϤ⧠āĻŦāύā§āϧ: 4210
- āϏāϰā§āĻŦāĻļā§āώ āĻĻāĻŋāύ āϧāϰ⧠% chg.: -0.47%
On Wednesday, gold rose to $4,220/oz, nearing a sixâweek high amid growing expectations of a Fed rate cut next week. Weak US economic data raised the probability of such a move to nearly 90%, while speculation about Kevin Hassettâs possible appointment as Fed Chair further reinforced dovish sentiment. Investors await the ADP report and PCE data, which may confirm the easing trajectory. Additional support came from a slight decline in US bond yields.
āĻā§āϰā§āĻĄāĻŋāĻ āϏā§āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§āĻš
- āϏāĻšāĻžā§āϤāĻžāϰ āĻŽāĻžāϤā§āϰāĻž: 4163, 4145, 4108, 4031, 4007, 3966
- āĻĒā§āϰāϤāĻŋāϰā§āϧā§āϰ āĻŽāĻžāϤā§āϰāĻž: 4225, 4379
Yesterday, gold corrected to support at 4163, where buyers stepped in. Price then rebounded to resistance at 4225. Intraday, short sell trades can be considered from this level, but only with tight targets, as they go against the main trend. A breakout above 4225 would open the path to 4255.
āĻŦāĻŋāĻāϞā§āĻĒ āĻĻā§āĻļā§āϝāĻāϞā§āĻĒ:- Trend: Up
- Sup: 4163
- Res: 4225
- Note: Considering buy deals after a breakout above 4225.
-āĻāϰ āĻāύā§āϝ āύāĻŋāĻāĻ āĻĢāĻŋāĻĄ: 2025.12.03
- US ADP Non-Farm Employment Change (m/m) at 15:15 (GMT+2); – USD (MED)
- US ISM Services PMI (m/m) at 17:00 (GMT+2). – USD (MED)
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