āĻŽā§‚āϞ āĻŽā§āĻĻā§āϰāĻžāϰ āĻœā§‹āĻĄāĻŧāĻžāϗ⧁āϞāĻŋāϰ āĻŦāĻŋāĻļā§āϞ⧇āώāĻŖāĻžāĻ¤ā§āĻŽāĻ• āĻĒāĻ°ā§āϝāĻžāϞ⧋āϚāύāĻž 2025.12.03

āĻŦāĻŋāώ⧟āĻŦāĻ¸ā§āϤ⧁

The EUR/USD currency pair

āĻŽā§āĻĻā§āϰāĻž āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 1.1606
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 1.1620
  • āϏāĻ°ā§āĻŦāĻļ⧇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 “black zero” principle and increasing borrowing to finance major government programs.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 1.1607, 1.1590, 1.1555, 1.1503
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§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.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§āĻĒ:
  • Trend: U
  • Sup: 1.1607
  • Res: 1.1656
  • Note: Considering buys from EMA lines with confirmation. Profit target: 1.1656.

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ 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 āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 1.3212
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 1.3210
  • āϏāĻ°ā§āĻŦāĻļ⧇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 AI‑company bubble burst for the UK market.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 1.3218, 1.3156, 1.3111, 1.3080
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§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.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§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.

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ āĻĢāĻŋāĻĄ: 2025.12.03

  • UK Services PMI (m/m) at 11:30 (GMT+2). – GBP (LOW)

The USD/JPY currency pair

āĻŽā§āĻĻā§āϰāĻž āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 155.46
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 155.86
  • āϏāĻ°ā§āĻŦāĻļ⧇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.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 155.69, 154.82, 154.41
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§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.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§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.

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ 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 āĻœā§‹āĻĄāĻŧāĻžāϰ āĻĒā§āϰāϝ⧁āĻ•ā§āϤāĻŋāĻ—āϤ āϏ⧂āϚāĻ•:

  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻ–ā§‹āϞāĻž: 4230
  • āĻĒā§‚āĻ°ā§āĻŦāĻŦāĻ°ā§āϤ⧀ āĻŦāĻ¨ā§āϧ: 4210
  • āϏāĻ°ā§āĻŦāĻļ⧇āώ āĻĻāĻŋāύ āϧāϰ⧇ % chg.: -0.47%

On Wednesday, gold rose to $4,220/oz, nearing a six‑week 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 Hassett’s 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.

āĻŸā§āϰ⧇āĻĄāĻŋāĻ‚ āϏ⧁āĻĒāĻžāϰāĻŋāĻļāϏāĻŽā§‚āĻš

  • āϏāĻšāĻžā§ŸāϤāĻžāϰ āĻŽāĻžāĻ¤ā§āϰāĻž: 4163, 4145, 4108, 4031, 4007, 3966
  • āĻĒā§āϰāϤāĻŋāϰ⧋āϧ⧇āϰ āĻŽāĻžāĻ¤ā§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.

āĻŦāĻŋāĻ•āĻ˛ā§āĻĒ āĻĻ⧃āĻļā§āϝāĻ•āĻ˛ā§āĻĒ:
  • Trend: Up
  • Sup: 4163
  • Res: 4225
  • Note: Considering buy deals after a breakout above 4225.

-āĻāϰ āϜāĻ¨ā§āϝ āύāĻŋāωāϜ 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)

āĻāχ āύāĻŋāĻŦāĻ¨ā§āϧāϟāĻŋ āĻāĻ•āϟāĻŋ āĻŦā§āϝāĻ•ā§āϤāĻŋāĻ—āϤ āĻŽāϤāĻžāĻŽāϤ āĻĒā§āϰāϤāĻŋāĻĢāϞāĻŋāϤ āĻ•āϰ⧇ āĻāĻŦāĻ‚ āĻāϟāĻŋāϕ⧇ āĻŦāĻŋāύāĻŋāϝāĻŧā§‹āϗ⧇āϰ āĻĒāϰāĻžāĻŽāĻ°ā§āĻļ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āĻ…āĻĢāĻžāϰ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āφāĻ°ā§āĻĨāĻŋāĻ• āϞ⧇āύāĻĻ⧇āύ āĻ•āϰāĻžāϰ āϜāĻ¨ā§āϝ āĻāĻ•āϟāĻŋ āĻ•ā§āϰāĻŽāĻžāĻ—āϤ āĻ…āύ⧁āϰ⧋āϧ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āĻāĻ•āϟāĻŋ āĻ—ā§āϝāĻžāϰāĻžāĻ¨ā§āϟāĻŋ, āĻāĻŦāĻ‚/āĻ…āĻĨāĻŦāĻž āĻ­āĻŦāĻŋāĻˇā§āϝāϤ⧇āϰ āϘāϟāύāĻžāϗ⧁āϞāĻŋāϰ āĻĒā§‚āĻ°ā§āĻŦāĻžāĻ­āĻžāϏ āĻšāĻŋāϏāĻžāĻŦ⧇ āĻŦā§āϝāĻžāĻ–ā§āϝāĻž āĻ•āϰāĻž āωāϚāĻŋāϤ āύāϝāĻŧāĨ¤