December 1st – 5th
EURUSD closed last week’s trading session higher on lower than expected US PPI. Equity markets AI fears relaxed and investors’ money flows in back with result a softer US Dollar that helped the pair recover all lost ground from last week’s trading session. ECB’s officials maintained the same stance through their speeches, highlighting that interest rates will stay high until inflation will stabilize, helping the pair to trade higher.
As for this week, traders and investors will mainly focus on the economic calendar with the main catalyst the European CPI and US PCE. Many speeches from both ECB and FED officials are due during the week. Investors and traders will mainly focus on FED’s officials for any clues on the upcoming FOMC interest rate decision.
On the Economic calendar we have on Monday the US ISM manufacturing PMI pointing lower at 48.6 On Tuesday, European Harmonized index of consumer prices expected higher at 2.5% on Wednesday, ADP employment expected to add 20K new jobs, US ISM services PMI expected lower at 52.1 On Friday, European gross domestic product to remain steady at 1.4% US Personal consumption expenditure unchanged at 0.2% and Michigan consumer sentiment higher at 52
Technically the pair is positive after last week’s close above 38.2% at 1.1596 Traders’ long positions are targeting profits above 1.1700 and sell positions targeting profits at 1.1500
Position sentiment now is BUY 70% – SELL 30%
GBPUSD chart, November 29, 2025. Source: TenTrade.com
GBPUSD closed last week’s trading higher on lower than expected US PPI. Equity markets AI fears relaxed and investors’ money flows in back with result a softer US Dollar that helped the pair recover all lost ground from last week’s trading session. The UK budget release, initially pushed GBP lower but found some buyers and pushed the pair higher. Predictions for an 1.5% economic expansion as per chancellor Reeves boosted demand for GBP and helped the pair to maintain a bullish momentum.
As for this week, traders and investors will mainly focus on the economic calendar with the main catalyst the US PCE. Many speeches from both BOE and FED officials are due during the week. Investors and traders will mainly focus on FED’s officials for any clues on the upcoming FOMC interest rate decision.
On the Economic calendar we have on Monday the US ISM manufacturing PMI pointing lower at 48.6 On Wednesday, ADP employment expected to add 20K new jobs, US ISM services PMI expected lower at 52.1 On Friday, US Personal consumption expenditure unchanged at 0.2% and Michigan consumer sentiment higher at 52
Technically the pair is neutral after last week’s close just below 50% at 13226. long positions are still open between 1.3369 – 1.3100 targeting profits above 1.3500 and short positions targeting profits at 1.3100
Position sentiment now is BUY 80% – SELL 20%
GBPUSD chart, November 29, 2025. Source: TenTrade.com
For more detailed economic calendar events please visit our live economic calendar on:
https://tentrade.com/economic-calendar/
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