December 22nd – 26th
Global markets started the week with heightened focus on central bank decisions and key economic data. The US Dollar remained under pressure following the Fed’s widely anticipated interest rate cut, while investors positioned themselves ahead of the Bank of England’s (BoE) upcoming meeting. Traders will closely monitor US Non-Farm Payrolls, CPI releases, and European economic
EURUSD closed last week’s trading session higher on softer than expected US CPI. The 2.6% CPI triggered a selloff in US Dollar in last week’s trading session as traders and investors are prepositioning for another interest rate cut in early 2026. ECB maintained interest rate unchanged as it was widely expected, widening the divergence between the two central banks’ policies.
As for this week, traders and investors will be on holiday mood and trading is expected to be limited due to Christmas holidays. We do not expect any significant price action. The main catalyst behind any price action will be the possible agreement of ceasefire between Ukraine and Russia.
On the Economic calendar we have on Tuesday, the US Gross domestic product pointing lower at 3.2%
Technically the pair is positive after last week’s close just below 23.6% at 1.1706 Traders’ short positions are targeting profits at 1.1500
Position sentiment now is BUY 10% – SELL 90%
EURUSD chart, December 13, 2025. Source: TenTrade.com
GBPUSD closed last week’s trading session unchanged after a tide range, choppy, weekly trading session. BOE cut interest rates by 0.25% as it was widely expected without to trigger any significant volatility in the pair. The softer than expected US CPI and softer than expected UK CPI waived each other’s price action and kept the pair mooted.
As for this week, traders and investors will be on holiday mood and trading is expected to be limited due to Christmas holidays. We do not expect any significant price action. The main catalyst behind any price action will be the possible agreement of ceasefire between Ukraine and Russia
On the Economic calendar we have on Monday the UK gross domestic product to remain unchanged at 1.3% On Tuesday, the US Gross domestic product pointing lower at 3.2%
Technically the pair is neutral after last week’s close just below 38.2% at 1.3374 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 60% – SELL 40%
GBPUSD chart, December 13, 2025. Source: TenTrade.com
Key Takeaways
EURUSD rose after the Fed cut rates by 0.25%.
GBPUSD gained as markets pre-positioned ahead of the BoE meeting.
Fed divisions on future rates are increasing US dollar volatility.
Key US data this week includes Non-Farm Payrolls and CPI.
Technical levels: EURUSD long profits above 1.1700, GBPUSD neutral near 1.3368.
For more detailed economic calendar events please visit our live economic calendar on:
https://tentrade.com/economic-calendar/
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