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Key Points:
- Bank of Japan Governor Kazuo Ueda stated that the prospect of a rate hike is getting closer as data trends align with projections. He added that if inflation is expected or confirmed to rise to 2%, the Bank would adjust the degree of monetary easing at the appropriate time.
- Eurozone November Consumer Price Index rose by 2.3% year-on-year, in line with expectations. In response, the Governor of the Bank of France remarked that inflation is slowing and progressing toward the target. This strengthened market expectations for a 25 basis point rate cut by the ECB.
- Scott Besant, nominated as the U.S. Treasury Secretary, has raised hopes that he will appropriately counterbalance Trump’s tariff policies.
Major Economic Indicators:
- December 3: U.S. Department of Labor JOLTS
- December 5: Fed Chair Powell’s Speech
- December 6: U.S. November Unemployment Rate and Nonfarm Payrolls
EURUSD Chart Analysis
As previously anticipated, movements are occurring within the 1.03000–1.06000 range. The failure to break above the 1.06000 resistance level significantly increases the likelihood of forming a short-term consolidation range. This week, price action is expected to remain within this range. However, if a breakout occurs, the upper limit is projected at 1.08000 and the lower limit at 1.01000. In that case, we will promptly devise new strategies.
It's great to see you all here. Please feel free to share your thoughts in the comments. Don’t forget to like and subscribe!
Key Points:
- Bank of Japan Governor Kazuo Ueda stated that the prospect of a rate hike is getting closer as data trends align with projections. He added that if inflation is expected or confirmed to rise to 2%, the Bank would adjust the degree of monetary easing at the appropriate time.
- Eurozone November Consumer Price Index rose by 2.3% year-on-year, in line with expectations. In response, the Governor of the Bank of France remarked that inflation is slowing and progressing toward the target. This strengthened market expectations for a 25 basis point rate cut by the ECB.
- Scott Besant, nominated as the U.S. Treasury Secretary, has raised hopes that he will appropriately counterbalance Trump’s tariff policies.
Major Economic Indicators:
- December 3: U.S. Department of Labor JOLTS
- December 5: Fed Chair Powell’s Speech
- December 6: U.S. November Unemployment Rate and Nonfarm Payrolls
EURUSD Chart Analysis
As previously anticipated, movements are occurring within the 1.03000–1.06000 range. The failure to break above the 1.06000 resistance level significantly increases the likelihood of forming a short-term consolidation range. This week, price action is expected to remain within this range. However, if a breakout occurs, the upper limit is projected at 1.08000 and the lower limit at 1.01000. In that case, we will promptly devise new strategies.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.