Japanese bond yields held near 18-year highs at 1.96% amid strong economic data and expectations of a BoJ rate hike, while the dollar index lingered near two-month lows due to mixed labor reports. Gold climbed above $4,320, approaching record highs, driven by safe-haven demand and expectations of anticipated Fed cuts for 2026.
Yet, US stock futures retreated as conflicting November jobs data showed both growth and rising unemployment. This signaled a cooling labor market and dampened hopes for aggressive easing.
| Time | Cur. | Event | Forecast | Previous |
| GBP | CPI (YoY) (Nov) | 3.5% | 3.6% | |
| EUR | CPI (YoY) (Nov) | 2.2% | 2.2% | |
| USD | Crude Oil Inventories | -2.400M | -1.812M |
The EUR/USD pair fell toward 1.1730 during early European trading as the US Dollar found renewed strength. Potential declines might be restricted because investors anticipate the ECB will maintain interest rates at 2% during the upcoming Thursday session. Although November payrolls grew by 64,000, exceeding expectations, a rise in unemployment to 4.6% suggests a softening labor market that may eventually limit the strength of the greenback.
Technically, 1.1710 is the key support, while resistance is seen at 1.1800.
| R1: 1.1800 | S1: 1.1710 |
| R2: 1.1860 | S2: 1.1600 |
| R3: 1.1910 | S3: 1.1510 |
USD/JPY ascended past the 155.00 level during Asian trading as the US Dollar gained momentum, putting pressure on the Yen. However, further JPY depreciation may be contained by anticipated Bank of Japan rate hikes this Friday and safe haven demand from softer stock markets. Monetary policy divergence with the Fed, where rate cut expectations remain, could limit Dollar strength. Investors are focusing on Thursday’s US inflation data for direction.
Technically, resistance stands near 155.30, while support is firm at 154.30.
| R1: 155.30 | S1: 154.30 |
| R2: 156.00 | S2: 153.60 |
| R3: 156.70 | S3: 152.80 |
Gold (XAU/USD) climbed past $4,300 to reach nearly seven-week highs during Asian trading. The move was fueled by a weaker US Dollar following mixed labor reports that strengthened the case for additional Fed rate cuts. Because lower interest rates reduce the cost of holding non-yielding bullion, demand has increased. While the Fed eased rates last week, officials are divided on 2026 plans. Markets now await US inflation data for direction.
Gold sees support near $4275, while resistance is around $4350.
| R1: 4350 | S1: 4275 |
| R2: 4400 | S2: 4230 |
| R3: 4450 | S3: 4195 |
GBP/USD advanced to approximately 1.3425 in early Asian trading, supported by strong UK flash PMI data. The Composite PMI reached 52.1, surpassing market forecasts, as both manufacturing and services sectors outperformed expectations. This surge in services activity strengthened the Pound relative to the Dollar. However, further gains might be restricted because investors largely expect the Bank of England to reduce interest rates by 25 basis points to 3.75% during Thursday's meeting.
From a technical view, support stands near 1.3350, with resistance around 1.3450.
| R1: 1.3450 | S1: 1.3350 |
| R2: 1.3520 | S2: 1.3270 |
| R3: 1.3560 | S3: 1.3200 |
Silver (XAG/USD) hit a historic high near $66 during Asian trading as US economic anxieties intensified. Reports revealed 4.6% unemployment, stagnant Retail Sales, and a lower 53.0 flash PMI. These factors triggered significant safe haven demand. Silver remains bullish because of expected 2026 Fed rate cuts. Markets are currently pricing a high chance of at least two interest rate reductions next year.
From a technical view, resistance stands near $67.00 while support is located around $62.80.
| R1: 67.00 | S1: 62.80 |
| R2: 69.00 | S2: 61.90 |
| R3: 73.00 | S3: 60.80 |
EU Approves €90 Billion Support Package for UkraineEuropean Union leaders have finalized a massive financial lifeline for Ukraine, approving a €90 billion interest free loan package for the 2026–2027 period. The agreement, reached during a high stakes summit in Brussels on Friday, signals Europe's intent to remain a central pillar of Ukraine’s political and economic stability as the conflict enters its fourth year.
Detail
BoE Lowers Rates to 3.75% as Growth WeakensThe Bank of England cut its policy rate by 25 basis points to 3.75%, marking the fourth reduction of the year as weaker growth, softer labor conditions, and fast disinflation reshaped the policy outlook.
Detail Markets React to ECB, BOJ, and BoE Moves (12.19.2025)EUR/USD eased after the ECB held rates and signaled limited urgency for further easing, while the Yen weakened despite a BOJ rate hike.
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