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What to Pay Attention to on December 8? Analysis of Fundamental Events for Beginners

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Analysis of Macroeconomic Reports:

There are very few macroeconomic reports scheduled for Monday. It can confidently be stated that macroeconomic factors will have a very weak influence on market sentiment today. Germany will release its industrial production report for October, which is not among the most important reports. Later in the week, the FOMC meeting will undoubtedly stir the market, but increased activity may only be observed for a very brief period. Recall that the market is almost certain that the Federal Reserve will lower the key rate for the third consecutive time. This means that this decision may already be priced in. Nevertheless, the overall fundamental backdrop remains supportive of the growth of the European currency.

Analysis of Fundamental Events:

There are also very few fundamental events planned for Monday. In essence, the only notable event is a speech by European Central Bank representative Piero Cipollone. As mentioned multiple times, there are currently no questions for the ECB regarding monetary policy. The ECB (unlike the Bank of England and the Fed) has achieved its goal of price stability, so there are no grounds for raising or lowering the key rate in the coming months. As such, we do not expect any significant statements from Christine Lagarde and her colleagues. This week, all attention will be focused on the Fed.

General Conclusions:

During the first trading day of the week, both currency pairs are likely to trend upward, as upward trends continue to form in both cases. The euro has an excellent trading range around 1.1655-1.1666. The British pound is trading in a range of 1.3319-1.3331. Volatility on Monday may again be weak, as no significant events are scheduled for today.

Key Rules of the Trading System:

1. The strength of a signal is determined by the time it takes to form the signal (bounce or breakout). The less time it takes, the stronger the signal.
2. If two or more trades were opened near a certain level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair can form a multitude of false signals or none at all. At the first signs of a flat, it is better to stop trading.
4. Trades are opened during the time between the start of the European session and mid-American session, after which all trades should be closed manually.
5. On the hourly timeframe, using signals from the MACD indicator, it is preferable to trade only when good volatility exists, and a trend is confirmed by a trend line or channel.
6. If two levels are too close to each other (5 to 20 pips), they should be viewed as an area of support or resistance.
7. After moving 15-20 pips in the right direction, a Stop Loss should be set to breakeven.

Chart Explanations:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction to trade.
• MACD Indicator (14, 22, 3): A histogram and signal line, a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is crucial to understand that not every trade can be profitable. Developing a clear strategy and implementing sound money management are keys to successful long-term trading.

The material has been provided by InstaForex Company - www.instaforex.com.

How to Trade the GBP/USD Currency Pair on December 8? Simple Tips and Trade Analysis for Beginners

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Analysis of Friday's Trades:

1H Chart of the GBP/USD Pair

The GBP/USD pair showed a disappointing performance on Friday, a reminder of the excellent first half of 2025, when high-volatility trending moves occurred almost every day. The same reports from across the ocean triggered a similar meager market reaction in the GBP/USD pair—a strengthening of the dollar by 25-30 pips. The events calendar in the UK was empty, resulting in virtually no movements during the first half of the day. Overall, the upward trend remains relevant, and novice traders can expect further growth. Support for the British pound comes from the support area of 1.3319-1.3331 (the updated area), so a new rise in the pair can be anticipated today. Of course, expecting strong movement on a "boring Monday" is unrealistic, but given the current realities, a profit of even 20-30 pips is a very good result. This week, the FOMC meeting will take place, which gives hope for increased movements and higher volatility. There is a high probability that the Federal Reserve will lower the key rate, so the pair's growth may continue in line with the current trend on the hourly timeframe.

5M Chart of the GBP/USD Pair

On the 5-minute timeframe, the price bounced three times from the 1.3319-1.3331 area on Friday. The first bounce occurred overnight. Novice traders could have opened long positions based on these clear and simple signals, but in all cases, the maximum rise of the pair was only 20 pips. It's noteworthy that buy signals were formed at the lowest price area of the day, meaning traders effectively entered positions at very favorable prices. However, even this did not lead to higher profits.

How to Trade on Monday:

On the hourly timeframe, the GBP/USD pair has resumed forming a local upward trend. As mentioned before, there are no global grounds for medium-term dollar growth, so we expect movement only to the North. The correction/flat on the daily timeframe may not yet be complete, but any local trend on the hourly timeframe indicates a potential resumption of the global trend.

On Monday, novice traders can again expect trading signals to form within the area of 1.3319-1.3331. A bounce from this area will allow for the opening of new long positions with a target of 1.3413. A consolidation below this area will lead to short positions with a target of 1.3259-1.3267.

On the 5-minute timeframe, levels to consider include 1.2913, 1.2980-1.2993, 1.3043, 1.3096-1.3107, 1.3203-1.3212, 1.3259-1.3267, 1.3319-1.3331, 1.3413-1.3421, 1.3466-1.3475, 1.3529-1.3543, and 1.3574-1.3590. On Monday, no significant events are scheduled in either the UK or the US, but throughout the week, there will be some interesting developments to watch. Most likely, we are in for another "boring Monday."

Key Rules of the Trading System:

1. The strength of a signal is assessed by the time it takes to form the signal (bounce or breakout). The less time it takes, the stronger the signal.
2. If two or more trades were opened near any level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair can create numerous false signals or none at all. In any case, it's better to stop trading at the first signs of a flat.
4. Trades are opened during the period between the start of the European session and the middle of the American session, after which all trades must be closed manually.
5. On the hourly timeframe, when trading based on signals from the MACD indicator, it is preferable to trade only when good volatility is present, and a trend is confirmed by a trend line or channel.
6. If two levels are positioned too closely to each other (5 to 20 points), they should be viewed as a support or resistance area.
7. After moving 20 pips in the right direction, set the Stop Loss to breakeven.

Chart Explanation:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction for trading.
• MACD Indicator (14, 22, 3): A histogram and signal line, a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is important to understand that not every trade can be profitable. Developing a clear strategy and practicing money management are keys to long-term trading success.

The material has been provided by InstaForex Company - www.instaforex.com.

How to Trade the EUR/USD Currency Pair on December 8? Simple Tips and Trade Analysis for Beginners

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Analysis of Friday's Trades:

1H Chart of the EUR/USD Pair

The EUR/USD pair traded again on Friday with minimal volatility, not exceeding 40 pips. In principle, we have been discussing weak volatility for several consecutive months, and unfortunately, there is little we can do about it. The market remains in a state of stagnation, and for the sixth consecutive month, a flat trend persists between 1.1400 and 1.1830 on the daily timeframe. Therefore, novice traders can currently only expect weak movements within the sideways channel. On Friday, the macroeconomic backdrop offered some hope of more interesting movement. The Eurozone released the final GDP report for the third quarter, while the US released the PCE index and the University of Michigan Consumer Sentiment Index. However, currently, macroeconomic data (especially secondary ones) have little impact on trading. The consumer sentiment index came in stronger than anticipated, driving the dollar up 20 pips. But who is really interested in a movement of only 20 pips?

5M Chart of the EUR/USD Pair

On the 5-minute timeframe, it's clear how the pair moved on Friday. The situation was such that the movement following the formation of the signal was weaker than the typical market noise. The price barely "broke away" from the 1.1655-1.1666 range, allowing it to move down about 18 pips. Novice traders could have easily secured that gain, but the wait for the signal to form was long.

How to Trade on Monday:

On the hourly timeframe, the EUR/USD pair continues to form an upward trend, as indicated by the trendline. The overall fundamental and macroeconomic backdrop remains very weak for the US dollar, so we expect further growth. Even technical factors currently support the euro, as the flat movement on the daily timeframe persists, and after a reversal around the lower boundary, it is reasonable to expect growth toward the upper boundary.

On Monday, novice traders can again focus on the area of 1.1655-1.1666, as there are simply no other options. A price bounce from this area will allow opening short positions with a target of 1.1584-1.1591. A consolidation above this area will lead to long positions with a target of 1.1745.

On the 5-minute timeframe, levels to consider include: 1.1354-1.1363, 1.1413, 1.1455-1.1474, 1.1527-1.1531, 1.1550, 1.1584-1.1591, 1.1655-1.1666, 1.1745-1.1754, 1.1808, 1.1851, 1.1908, and 1.1970-1.1988. On Monday, only one report is scheduled—the industrial production report from Germany. If the four much more important reports released on Friday provoked a movement of about 30 pips, what can we expect from a secondary report on Monday?

Key Rules of the Trading System:

1. The strength of a signal is determined by the time it takes to form the signal (bounce or breakout). The less time required, the stronger the signal.
2. If two or more trades were opened near any level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair may form numerous false signals or none at all. At the first signs of a flat, it is better to stop trading.
4. Trades are opened during the period between the beginning of the European session and the middle of the American session, after which all trades should be closed manually.
5. On the hourly timeframe, it is preferred to trade only when there is good volatility and a trend confirmed by the trend line or channel, using signals from the MACD indicator.
6. If two levels are too close to each other (5 to 20 pips), they should be viewed as a support or resistance area.
7. Upon moving 15 pips in the right direction, set the Stop Loss to breakeven.

Chart Explanations:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction for trading.
• MACD Indicator (14, 22, 3): A histogram and signal line; a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is important to understand that not every trade can be profitable. Developing a clear strategy and practicing money management are keys to long-term trading success.

The material has been provided by InstaForex Company - www.instaforex.com.

GBP/USD Overview. Weekly Preview. Bailey's Speech and the FOMC Meeting

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The GBP/USD pair showed no interesting movements on Friday. While the euro saw trading activity for two days this week, the British pound only saw movement on Wednesday. Interestingly, it is still unclear what triggered the strong movement of 150 pips that the market hadn't seen in over a month and a half. Recall that the rise of the British currency began during the night on Wednesday, continued throughout the European session, and ended during the American session. The most important report of the day and the week—the ADP report on the US labor market—was published precisely during the American trading session.

Next week, there will be several important events in the UK; however, each comes with its own "buts." For example, the October GDP report looks significant but is merely a month-on-month change. The market values quarterly and annual data more highly. The industrial production report is also interesting, but in December, the focus for the market will be on American reports concerning the labor market, unemployment, and inflation, along with the FOMC and Bank of England meetings. Therefore, British macroeconomic data will likely provoke only a short-term and mild market reaction.

Andrew Bailey's speech also sounds significant, as the BoE's head rarely speaks publicly. While Christine Lagarde might speak three to four times in a week, Bailey addresses the public approximately once every 2-3 weeks. This makes his speeches always intriguing. However, the market's reaction will depend on whether Bailey communicates anything important. The British central bank's meeting is scheduled for next week, and the market expects a rate cut. Meanwhile, the Fed is expected to ease its monetary policy this week. Thus, it can be assumed that in December neither the dollar nor the pound will appreciate significantly against the other. However, we hold a different opinion.

The FOMC meeting is undoubtedly the key event of the current week. The market is confident that the central bank will proceed with a third consecutive easing, but it is important to note that the Fed currently has no accurate information regarding inflation, unemployment, job vacancies, and employment figures. Therefore, we believe a "surprise" is possible. The ADP report, while disappointing, is not a key indicator of the US labor market. It is also important to consider what Jerome Powell will communicate at the press conference. It is crucial to understand the Fed's stance in the absence of macroeconomic data and its plans for the beginning of 2026. In our view, the upcoming week may bring very unconventional movements, but we have seen quite illogical movements in recent months.

The dollar rose for two months in the absence of substantial and clear news support. Any decline in the pair on the daily timeframe is merely a correction. Corrections eventually come to an end. If the current five-month correction has concluded, the pound will rise regardless of any decisions made by the Fed or the BoE.

The average volatility of the GBP/USD pair over the last five trading days is 75 pips, which is considered "average" for the pair. Therefore, on Monday, December 8, we expect the pair to move within the range defined by the levels 1.3254 and 1.3404. The upper linear regression channel is directed downward, but this is only due to a technical correction on higher timeframes. The CCI indicator has entered the oversold area six times over the last few months and has formed another "bullish" divergence, continuously signaling a resumption of the upward trend. Currently, the indicator has "visited" the overbought area, suggesting the potential for a downward pullback.

Nearest Support Levels:

• S1 – 1.3306
• S2 – 1.3245
• S3 – 1.3184

Nearest Resistance Levels:

• R1 – 1.3367
• R2 – 1.3428
• R3 – 1.3489

Trading Recommendations:

The GBP/USD pair is trying to resume the upward trend of 2025, and its long-term outlook has not changed. Donald Trump's policies will continue to exert pressure on the dollar, so we do not expect the US currency to appreciate. Therefore, long positions with targets of 1.3428 and 1.3489 remain relevant in the near term while the price is above the moving average. If the price is below the moving average, small short positions can be considered with a target of 1.3184 on technical grounds. Occasionally, the US currency exhibits corrections (in the global sense), but for a trend-based strengthening, it needs signs of the end of the trade war or other global positive factors.

Illustration Explanations:

• Price Levels (Support/Resistance): Thick red lines where movement may end. They are not sources of trading signals.
• Kijun-sen and Senkou Span B Lines: Strong lines of the Ichimoku indicator transferred to the hourly timeframe from the 4-hour timeframe.
• Extreme Levels: Thin red lines where the price has previously bounced. These are sources of trading signals.
• Yellow Lines: Trendlines, trend channels, and other technical patterns.
• Indicator 1 on COT Charts: Represents the net position of each trader category.

The material has been provided by InstaForex Company - www.instaforex.com.

EUR/USD Overview. Weekly Preview. Macroeconomic Mess

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The EUR/USD pair showed only one thing on Friday—a complete reluctance to move in any direction. Overall, there were no significant movements last week, despite numerous important macroeconomic reports. However, the market essentially traded only on Monday and Wednesday, and even then, it seemed like a favor was being done for someone. Throughout the week, we only saw two relatively interesting price movements. As depicted in the illustration below, these two "good movements" were around 60 pips in size, which cannot even be considered strong. In fact, the situation was even worse on the other days.

At first glance at the events calendar, one might describe the upcoming week with phrases like "mess" or "confusion." To start, no critically important labor market or unemployment data from the US was published at the beginning of December. Thus, both the market and the Federal Reserve are still unsure about the current state of the labor market. Meanwhile, the ADP report was released, but it is not precise or comprehensive. The Fed will be forced to make decisions on December 10 based on overtly inaccurate data. Recall that ADP and Non-Farm Payroll reports almost always display differing dynamics and figures.

In the Eurozone, only reports on inflation and industrial production in Germany are expected to be released over the next five days. The Consumer Price Index will be published in its second estimate for November, which is unlikely to generate much interest. It can confidently be claimed that there will be no major events in the EU. What About the US?

In the US, some reports will be published, some will not, and some will be released covering two months at once. It's a mishmash, to say the least. Perhaps the most interesting reports will be the JOLTs data for September and October. These reports are marked as "super-important" in most calendars, but in reality, they are not. Yes, they indirectly reflect the US labor market's condition, but the market does not always react to them; it still prefers to draw conclusions from Non-Farm Payrolls and unemployment data. The data for September and October will be published now. For those who have forgotten, it is December, and the Fed has already cut the key rate twice since September. What significance does three-month-old data hold?

Moreover, there is nothing else of note in the US calendar. A few absolutely trivial reports will be released, such as the weekly ADP or weekly unemployment claims, which may cause price movements of only about 20 pips, given the current trader activity. The market situation will remain unchanged, at least until the FOMC meeting, and even after the Fed's meeting, nothing might change. The EUR/USD pair has been in a flat trend for the past 5 months. Currently, the price is sitting precisely between the bounds of the sideways channel 1.1400-1.1830. The probability of the pair breaking out of this channel this week is minimal.

The average volatility of the EUR/USD pair over the last five trading days stands at 48 pips, which is characterized as "medium-low." We expect the pair to trade between 1.1595 and 1.1691 on Monday. The upper linear regression channel is directed downward, indicating a bearish trend, but in reality, the flat movement continues on the daily timeframe. The CCI indicator has entered the oversold area twice in October, which may provoke a new upward trend into 2025.

Nearest Support Levels:

• S1 – 1.1627
• S2 – 1.1597
• S3 – 1.1566

Nearest Resistance Levels:

• R1 – 1.1658
• R2 – 1.1688
• R3 – 1.1719

Trading Recommendations:

The EUR/USD pair is above the moving average line, but the upward trend persists across all higher timeframes, while the daily timeframe has remained flat for several months. For the market, the global fundamental backdrop remains of immense importance. Recently, the dollar has often shown growth, but solely within the bounds of the trading channel. There is no fundamental basis for long-term strengthening. If the price is below the moving average, small short positions can be considered with targets of 1.1597 and 1.1566 on purely technical grounds. Above the moving average line, long positions remain relevant with a target of 1.1800 (the upper boundary of the flat trend on the daily timeframe).

Illustration Explanations:

• Price Levels (Support/Resistance): Thick red lines where movement may end. They are not sources of trading signals.
• Kijun-sen and Senkou Span B Lines: Strong lines of the Ichimoku indicator transferred to the hourly timeframe from the 4-hour timeframe.
• Extreme Levels: Thin red lines where the price has previously bounced. These are sources of trading signals.
• Yellow Lines: Trendlines, trend channels, and other technical patterns.
• Indicator 1 on COT Charts: Represents the net position of each trader category.

The material has been provided by InstaForex Company - www.instaforex.com.

GBP/USD: Trading Recommendations and Trade Analysis for December 8. The British Pound Awaits Powell's Speech

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Analysis of GBP/USD (5M)

The GBP/USD pair continued to correct on Friday with minimal volatility, staying within the upward trend. Macroeconomic data from the US triggered a market reaction of only 25 pips, and the day's overall volatility was again minimal. In the UK, the macroeconomic and fundamental backdrop was absent. While we would like to say that the upcoming week will be defining for the market and that traders will wake up to strong trending movements, the likelihood of this is low.

Yes, the FOMC meeting is indeed a significant event. However, the market is already mentally prepared for a third consecutive rate cut. Therefore, the primary intrigue remains Jerome Powell's speech. Powell could adopt any position, as there is essentially no substantial basis for the Federal Reserve's conclusions. There are still no macroeconomic data available regarding the labor market, unemployment, and inflation. Thus, the Fed Chair could present a cautious stance (that macroeconomic data will inform future rate decisions), a dovish stance (that the labor market continues to decline and requires further easing), or a hawkish stance (that inflation is rising and rates cannot be cut further). Predicting movements for the upcoming week becomes nearly futile; everything will depend on the fundamentals.

From a technical perspective, the upward trend remains intact, suggesting continued growth in the British currency, which has unjustifiably fallen for two consecutive months.

On the 5-minute chart on Friday, no trading signals were formed, so there were no grounds for traders to open positions.

COT Report

The COT reports for the British pound indicate that commercial traders' sentiment has been changing steadily in recent years. The red and blue lines indicating the net positions of commercial and non-commercial traders keep crossing and are mostly located near the zero mark. Currently, they are nearly at the same level, indicating a roughly equal number of long and short positions.

The dollar continues to decline due to Donald Trump's policies, as visible on the weekly timeframe (illustration above). The trade war will persist in one form or another for a long time. The Fed will continue to reduce rates in the next 12 months. The demand for the dollar will decline in any case. According to the latest COT report (from October 28), the "Non-commercial" group opened 7,000 buy contracts and 10,500 sell contracts. Consequently, the net position for non-commercial traders decreased by 3,500 contracts over the week. However, this data is outdated and holds little relevance.

In 2025, the pound rose significantly, but it is essential to understand that the cause was one: Donald Trump's policies. Once this cause is mitigated, the dollar may begin to rise, but nobody knows when that will happen. It does not matter how fast the net position for the pound is increasing or decreasing (if it is decreasing). The net position for the dollar is nonetheless declining, typically at a faster pace.

Analysis of GBP/USD (1H)

On the hourly timeframe, the GBP/USD pair continues to form an upward trend. We believe that growth in the medium term will continue, regardless of the current local macroeconomic and fundamental backdrop, and the correction on the daily timeframe will end sooner or later. Or it may already have concluded. However, much will depend on the US labor market, unemployment, and inflation data, which will determine the future vector of Fed monetary policy.

For December 8, we highlight the following important levels: 1.2863, 1.2981-1.2987, 1.3042-1.3050, 1.3096-1.3115, 1.3201-1.3212, 1.3307, 1.3369-1.3377, 1.3420, 1.3533-1.3548, 1.3584. The Senkou Span B line (1.3155) and Kijun-sen line (1.3279) may also serve as sources of signals. It is recommended to set Stop Loss orders to breakeven upon the price moving 20 pips in the correct direction. The Ichimoku indicator lines may shift during the day, which should be considered when determining trading signals.

On Monday, there are no significant events or releases scheduled in the UK or the US. Therefore, high volatility and strong movements are unlikely today. Most likely, we will face another "boring Monday."

Trading Recommendations:

Today, traders may consider selling if the price bounces again from the 1.3369-1.3377 area, with a target at 1.3307. Long positions will become relevant if there is a bounce from the level of 1.3307 with targets of 1.3369-1.3377 or if the price consolidates above the area of 1.3369-1.3377 with a target of 1.3420.

Illustration Explanations:

• Price Levels (Support/Resistance): Thick red lines where movement may end. They are not sources of trading signals.
• Kijun-sen and Senkou Span B Lines: Indicates strong levels when applied to the hourly timeframe from the 4-hour timeframe.
• Extreme Levels: Thin red lines where the price has previously bounced. They serve as sources of trading signals.
• Yellow Lines: Trendlines, trend channels, and any other technical patterns.
• Indicator 1 on COT Charts: Represents the net position of each trader category.

The material has been provided by InstaForex Company - www.instaforex.com.

EUR/USD: Trading Recommendations and Trade Analysis for December 8. The Euro Remains Bullish

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Analysis of EUR/USD (5M)

The EUR/USD pair struggled on Friday, with volatility not exceeding 40 pips. For the second consecutive day, the pair corrected within a weak upward trend. The ascending trendline remains relevant, suggesting the euro retains upside potential. However, next week, movements and the trend will certainly depend on the FOMC meeting, Jerome Powell's speech, and possibly the JOLTs report, which will be significant simply because there are no other labor market data from the US. The pair could easily consolidate below the trendline and below the critical line, which would cancel the upward trend again.

On Friday, the Eurozone released a GDP report, along with the core PCE price index, the University of Michigan consumer sentiment index, and US personal income and spending data. Traders expecting strong movements, especially those who don't read our articles daily, were met with minimal price action. The US dollar strengthened slightly during the US session, but a 20-pip increase amid three relatively important reports is rather insufficient. Nonetheless, the flat market persists on the daily timeframe, making everything quite logical.

On the 5-minute chart, two sell signals formed in the 1.1657-1.1666 range. The price bounced off the indicated area twice and failed to cover the distance to the nearest target—Kijun-sen line—of 27 pips for the remainder of the day.

COT Report

The latest COT report was released last week and dated October 28. Thus, it is somewhat outdated. The net position of non-commercial traders has been bullish for a long time, with bears only recently gaining a slight edge at the end of 2024, which they quickly lost. Since Trump's second term began, the dollar has only been falling. While we cannot state with 100% certainty that the dollar's decline will continue, the current developments globally do suggest this direction.

We still do not see any fundamental factors supporting the strengthening of the euro, while there remains an ample supply of factors for the dollar's decline. The global downtrend is still intact, but what does it matter where the price has moved over the last 17 years? The dollar may strengthen if the global fundamental picture changes, but there are currently no signs of that.

The position of the red and blue lines in the indicator continues to indicate the retention of a bullish trend. During the last reporting week, the number of long positions in the "Non-commercial" group increased by 5,900, while the number of short positions increased by 10,300. Therefore, the net position decreased by 4,400 contracts over the week. However, this data is outdated and holds little relevance.

Analysis of EUR/USD (1H)

On the hourly timeframe, the EUR/USD pair continues to form an upward trend but is moving slowly, almost reluctantly. The price remains within the sideways channel of 1.1400-1.1830 on the daily timeframe; hence, growth towards 1.1800 can still be expected, though it remains weak overall. Fluctuations within this flat range tend to be weak and incoherent.

For December 8, we highlight the following levels for trading: 1.1234, 1.1274, 1.1362, 1.1426, 1.1542, 1.1604-1.1615, 1.1657-1.1666, 1.1750-1.1760, 1.1846-1.1857, 1.1922, 1.1971-1.1988, as well as the Senkou Span B line (1.1571) and Kijun-sen line (1.1638). The Ichimoku indicator lines may move throughout the day, which should be taken into account when determining trading signals. Don't forget to set Stop Loss orders to breakeven once the price moves 15 pips in the right direction. This helps protect against potential losses if the signal turns out to be false.

On Monday, there are absolutely no important events or releases scheduled in the Eurozone or the US. The only report worth mentioning is Germany's industrial production data, but all traders understand that its maximum impact might yield a reaction of just 20 pips.

Trading Recommendations:

On Monday, traders can look to trade from the area of 1.1657-1.1666 since the price has been hovering around this zone for several days. In the event of a bounce from this area, consider short positions with a target of 1.1620. If the price consolidates above this area, consider long positions with a target of 1.1750. It is also possible to capitalize on bounces from the critical Kijun-sen line.

Illustration Explanations:

• Price Levels (Support/Resistance): Thick red lines where movement may end. They are not sources of trading signals.
• Kijun-sen and Senkou Span B Lines: Indicates strong levels when applied to the hourly timeframe from the 4-hour timeframe.
• Extreme Levels: Thin red lines where the price has previously bounced. They serve as sources of trading signals.
• Yellow Lines: Trendlines, trend channels, and any other technical patterns.
• Indicator 1 on COT Charts: Represents the net position of each trader category.

The material has been provided by InstaForex Company - www.instaforex.com.

Donald Trump = The End of the Fed

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Donald Trump attempted to exert control over the Federal Reserve even during his first term as president. I do not doubt that he appointed Jerome Powell to the position of Fed Chair with some "ulterior motive," aiming to gain control over the central bank. This is precisely what Trump is trying to do now. However, with Powell, it turned out to be a miscalculation. Legally, the president has no influence over the Fed chair; therefore, Powell has operated independently since taking his position. I don't know if there were any arrangements between Powell and Trump before his first appointment eight years ago. This mystery will likely remain unsolved.

However, it can be said with confidence that Powell's steadfastness has preserved the Fed's independence. It's worth noting that in the US, the central bank operates independently from Congress or the president. The Fed chair can be dismissed, but only for serious breaches of duty or law. In simple terms, if the Fed chair does not violate the law and fulfill their duties, they cannot be removed at someone's whim. Thus, Trump had to wait eight years for Powell's term to come to an end.

Currently, Trump is actively seeking a new head for the FOMC. I do not doubt that lessons have been learned from past mistakes, so the new Fed chair will likely be linked to Trump not just through promises but also through other unseen connections that will ensure the White House leader's directives are followed. The markets are confident that Kevin Hassett, currently Trump's economic advisor, will become the new Fed chair. What awaits the Fed in the future?

Michael Burry, the inspiration for the main character in the movie "The Big Short," believes the Fed will cease to exist if Trump gains control of it. Burry is not a fan of the central bank's independence, claiming that the Fed has caused significant damage to the economy over the last century. He stated that the end of the Fed is near, as next year the organization will be ruled by a "Trump guy." In this case, Republicans are likely to be hated, Burry reports, as the investor opposes further monetary easing. In his view, there are no grounds for lowering rates, as inflation in America is accelerating. He also believes that the Treasury Department could perform the functions of the central bank, as both agencies are "practically one and the same."

I'm not sure about the complete liquidation of the Fed and the transfer of its powers to another agency, but I think Trump will establish control over the central bank in 2026. In this case, interest rates will be reduced to minimal values, leading to further declines for the dollar.

Wave Picture for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build an upward section of the trend. The market has paused in recent months, but Donald Trump's policies and the Fed's actions remain significant factors in the US dollar's future decline. The targets for the current section of the trend could reach the 25 figure. However, the last upward segment has once again taken on a corrective appearance, indicating that a downward wave may be beginning within this segment, with a maximum leading to a new downward corrective set of waves.

Wave Picture for GBP/USD:

The wave picture for GBP/USD has transformed. We continue to deal with an upward impulse section of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in C of 4 appears quite complete. If this is indeed the case, I expect the main trend section to resume its build with initial targets around the 38 and 40 figures. However, wave 4 may also adopt a five-wave appearance.

In the short term, I anticipated the formation of wave 3 or c with targets around 1.3280 and 1.3360, corresponding to the 76.4% and 61.8% Fibonacci levels. These targets have been reached. Wave 3 or C may continue its build, but the current wave set is likely corrective again. Therefore, a decline at the beginning of next week is also possible, and the attempt to break the 1.3360 mark has been unsuccessful.

Key Principles of My Analysis:

1. Wave structures should be simple and understandable. Complex structures are difficult to trade and often lead to changes.
2. If there is uncertainty in what's happening in the market, it is better not to enter.
3. There can never be 100% certainty about the direction of movement. Always remember to use protective stop-loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.

The material has been provided by InstaForex Company - www.instaforex.com.

EUR/USD: Weekly Preview. All Eyes on the Fed

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The economic calendar for the upcoming week is not packed with significant events for the EUR/USD pair. Among the minor releases, only the JOLTS data for October and the weekly jobless claims data stand out.

However, this does not mean the week will be quiet and uneventful. On the contrary, we are about to enter a phase of heightened price volatility, as the Federal Reserve's December meeting results will be announced on Wednesday. Therefore, the upcoming week can be divided into two parts: before and after the meeting. In the first half of the week, the market will focus on expectations regarding the meeting, while in the second half, it will react to its outcomes. All other fundamental factors will take a back seat.

As noted earlier, market participants are virtually certain that the Fed will cut the federal funds rate by 25 basis points this month. The probability of this scenario currently stands at 86.2% (according to CME FedWatch data). Many Fed representatives, including Board members Christopher Waller, Stephen Miran, and Michelle Bowman, and New York Fed President John Williams and San Francisco Fed President Mary Daly, have spoken in favor of a rate cut, supported by various macroeconomic indicators we will discuss below.

It is important to note that the decision on the rate will not be unanimous. In the last two to three weeks, some central bank representatives (including Susan Collins, Lori Logan, Beth Hammack, and Jeff Schmidt) have advocated for a more cautious approach, suggesting that the rate should be kept steady. They pointed out inflationary risks and the September non-farm payrolls, some components of which came in positive.

Fed Chair Jerome Powell has been somewhat "above the fray" and has remained silent.

In my view, the main intrigue of the December meeting lies in the future pace of monetary easing. The outcomes of the December meeting are virtually predetermined. For instance, according to a Reuters survey, 89 out of 108 economists expressed confidence that the Fed would cut rates by 25 basis points in December. However, only 50 of them entertained the possibility that the Fed would take such a step again in the first quarter of next year. According to CME FedWatch data, the probability of an additional 25-basis-point cut in January (assuming a cut in December) is only 25%. Meanwhile, the prospects for a March cut are estimated at 40%.

Thus, if the Fed hints at further easing at one of its upcoming meetings following the December meeting, the dollar may face significant pressure, as the market is currently skeptical that cutting rates in December will lead the Fed to adopt a "dovish" stance and signal further steps in that direction.

The intrigue remains, meaning that the December Fed meeting will certainly provoke strong volatility—though the question remains whether it will benefit the dollar or work against it.

From a technical standpoint, the EUR/USD pair currently sits between the middle and lower lines of the Bollinger Bands indicator on the H4 timeframe, above the Kumo cloud, and between the Tenkan-sen and Kijun-sen lines. On the D1 timeframe, it is located between the middle and upper Bollinger Bands lines, above the Tenkan-sen and Kijun-sen lines, but within the Kumo cloud. Long positions are advisable only after the buyers of EUR/USD break above the middle Bollinger Band line on the D1 timeframe (1.1650). In that case, the pair will be positioned between the middle and upper Bollinger Bands lines on the H4 timeframe, as well as above all Ichimoku lines, forming a bullish "Parade of Lines" signal. Targets for the upward movement are 1.1690 (the upper Bollinger Bands line on H4) and 1.1730 (the upper boundary of the Kumo cloud on D1).

The material has been provided by InstaForex Company - www.instaforex.com.

USD/JPY: Price Analysis and Forecast. Japanese Yen Attempts to Maintain Bullish Sentiment Ahead of Japan's GDP

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At the end of the week, the Japanese yen attempted to maintain its bullish stance, but profit-taking ahead of the weekend prompted a slight rise in USD/JPY. However, reports released this week by the Japanese Ministry of Internal Affairs indicate that household spending in October 2025 decreased by 2.9% year-on-year. This result fell short of market expectations for a 1.0% increase and completely offset the 1.8% growth from the previous month. This marked the first decrease since April and the fastest decline since January 2024, raising new concerns about economic development.

Despite this, the Japanese yen tried to hold its ground in the USD/JPY pair, supported by potential further steps towards tightening monetary policy by the Bank of Japan. Bank Governor Kazuo Ueda noted that the decision to raise the key interest rate will be weighed against all the "pros" and "cons" at the upcoming December 18–19 meeting. Such comments are seen as a clear preparation for monetary policy tightening to strengthen the yen.

Additionally, Prime Minister Sanae Takichi's substantial spending plan, financed through the issuance of new bonds, has been a key factor in the recent significant rise in government bond yields over the past month. Specifically, the yield on 10-year Japanese bonds has reached its highest levels since 2007, while 20-year bonds reached levels not seen since the late 1990s.

Moreover, the yield on 30-year Japanese government bonds hit a record high, leading to a further narrowing of the interest rate differential between Japan and other major economies. This increases the risk of speculative operations and additionally supports the yen's strengthening. However, the rise in bond yields is accompanied by an increase in borrowing costs, which raises concerns about the government budget and restrains the growth of the national currency.

As for the US dollar, by the end of the week, it showed a moderate recovery after six weeks of decline, aided by two positive labor market reports. Challenger, Gray & Christmas reported that planned job cuts in November decreased by 53% to 71,321, compared with 153,074 the previous month, marking the highest October figure since 2003. Additionally, the US Department of Labor reported a decrease in jobless claims by 27,000 to 191,000 for the week ending November 29. This figure marked a low for more than three years, easing concerns about a sharp deterioration in the labor market and prompting partial closure of short positions on the dollar.

Despite these optimistic reports, the dollar struggles to keep rising amid growing expectations that the Federal Reserve will cut interest rates again at its next meeting. This limits the possibilities for further strengthening of the USD/JPY pair.

Technical Analysis

From a technical perspective, the recent failures to surpass the 100-hour SMA favor the bears. However, on Friday, the pair attempted to break above the 100-hour SMA but stalled just short of it. The oscillators on this chart are positive. Therefore, any further intraday decline may find support near the 50-hour SMA, ahead of the round level at 155.00. On the other hand, any attempt at a significant recovery will encounter a strong barrier around 155.40 or the 100-hour SMA. A prolonged strengthening above this level will trigger the closure of short positions, allowing the USD/JPY pair to reach the round level of 156.00 and higher. Additionally, it's worth noting that the oscillators on the daily chart are also positive.

The material has been provided by InstaForex Company - www.instaforex.com.

US Dollar: Weekly Preview

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The American dollar will set the tone for the entire currency market in the coming week. However, if my readers have just entertained the thought of a busy economic calendar, I must burst that bubble. The "shutdown" continues in effect in the US. While the shutdown itself has ended, the Bureau of Labor Statistics and other government agencies have not yet been able to gather all the necessary information or fill the statistical gaps. For example, the next reports on the labor market, unemployment, and inflation will only be released next week, on December 16 and 18. This means they will come after the FOMC meeting.

I have often discussed the impact of the lack of statistics on the Federal Reserve's decisions. The central bank will once again have to act almost in the dark. On the one hand, the labor market continues to experience problems, as the ADP report indirectly confirms. However, ADP is not the most accurate indicator; it likely only allows for tracking very general dynamics. Therefore, the FOMC Committee will probably play it safe and conduct a third consecutive round of policy easing. Next year, the Fed will be guarding against inflationary pressures rather than a further "cooling" of the labor market. In my opinion, on Wednesday, we will see the last rate cut before a prolonged pause.

In this context, Jerome Powell's speech will be a significant event. Powell may hint at the market how the Fed plans to act moving forward. I do not doubt that the "dove trio" will continue to vote for easing, but Powell and his "independent colleagues" will shift their focus to their second mandate—price stability. Powell will likely emphasize inflation in his Wednesday speech. However, there is nothing positive for the US dollar in this. A pause in easing is not the same as tightening policy. The market has been taking into account non-existent interest rate cuts for a couple of years, pricing in much more easing than the Fed can actually provide. In my view, announcing a pause will not significantly help the dollar, and if the market wants to continue developing a corrective structure, it will do so, with or without Powell. Recently, the market has had ample reasons to sell the dollar, though we have not seen that reflected.

Wave Picture for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build on the upward section of the trend. The market has paused in recent months, but Donald Trump's policies and the Fed's actions remain significant factors in the US dollar's future decline. The targets for the current trend section could extend up to the 25th figure. However, the last upward segment has once again taken on a corrective appearance; thus, a downward wave within this segment may begin, with a maximum leading to a new downward corrective set of waves.

Wave Picture for GBP/USD:

The wave picture for GBP/USD has transformed. We continue to deal with an upward impulse section of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in C of 4 appears quite complete. If this is indeed the case, I expect the main trend section to resume its build with initial targets around the 38 and 40 figures. However, wave 4 itself may also take on a five-wave appearance.

In the short term, I anticipated the formation of wave 3 or c with targets around 1.3280 and 1.3360, corresponding to the 76.4% and 61.8% Fibonacci levels. These targets have been achieved. Wave 3 or C may continue its build, but the current wave set is likely corrective again. Consequently, a decline at the beginning of next week is also possible, and the attempt to break the 1.3360 mark has been unsuccessful.

Key Principles of My Analysis:

1. Wave structures should be simple and understandable. Complex structures are difficult to trade and often bring changes.
2. If there is uncertainty in what's happening in the market, it is better not to enter.
3. There can never be 100% certainty about the direction of movement. Always remember to use protective stop-loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.

The material has been provided by InstaForex Company - www.instaforex.com.

British Pound: Weekly Preview

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The British pound has been trading similarly to the euro in recent months (as it often does), constructing identical or very similar wave structures. However, the wave structure for the pound appears more convincing overall. We observed a long, complex corrective wave 4 that took the form of an A-B-C. Inside wave C, a corrective structure a-b-c-d-e was also formed. Following this, an upward wave set began to develop, which could signify the start of a new global wave 5 or it could simply be wave D in 4. Unfortunately, corrective structures tend to take on more complex forms and elongate.

The news backdrop for the pound in recent weeks has only created problems. The economy is growing slowly, inflation has slowed (which opens "dovish" perspectives for the Bank of England), unemployment surged to 5%, and retail trading volumes have decreased. For a long time, the British Parliament struggled to finalize the budget for the upcoming year, and the market perceived every speech by Rachel Reeves as a "red flag." Nevertheless, due to this backdrop, the GBP/USD pair formed a fairly convincing wave 4. In contrast, the euro has experienced a simple alternation of corrective structures without a distinctly three-wave form for wave 4. So, there is no bad without good.

However, the news backdrop for next week will be extremely scarce. The market continues to anticipate the FOMC and BoE meetings. Typically, "anticipation" means the market is pricing in future events. Currently, this "anticipation" denotes a wait-and-see approach.

In the UK, only two reasonably interesting reports will be released on Friday next week: GDP and industrial production for October. Interesting? Yes. Relevant? Not really. Important? Not much either. Based on this, the American news backdrop will once again take precedence, especially with the FOMC meeting set for Wednesday and the Bank of England's meeting a week later. Both central banks are likely to initiate a new round of monetary policy easing, but I will primarily focus on the wave analysis.

In my opinion, there is a high probability of beginning to build wave 5 of the global trend. In this case, the pound should remain in demand.

Wave Picture for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build on the upward section of the trend. The market has paused in recent months, but Donald Trump's policies and the Fed's actions remain significant factors in the US dollar's future decline. The targets for the current trend section could extend up to the 25th figure. However, the last upward segment has once again taken on a corrective appearance; thus, a downward wave within this segment may begin, with a maximum leading to a new downward corrective set of waves.

Wave Picture for GBP/USD:

The wave picture for GBP/USD has transformed. We continue to deal with an upward impulse section of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in C of 4 appears quite complete. If this is indeed the case, I expect the main trend section to resume its build with initial targets around the 38 and 40 figures. However, wave 4 itself may also take on a five-wave appearance.

In the short term, I anticipated the formation of wave 3 or c with targets around 1.3280 and 1.3360, corresponding to the 76.4% and 61.8% Fibonacci levels. These targets have been achieved. Wave 3 or C may continue its build, but the current wave set is likely corrective again. Consequently, a decline at the beginning of next week is also possible, and the attempt to break the 1.3360 mark has been unsuccessful.

Key Principles of My Analysis:

1. Wave structures should be simple and understandable. Complex structures are difficult to trade and often bring changes.
2. If there is uncertainty in what's happening in the market, it is better not to enter.
3. There can never be 100% certainty about the direction of movement. Always remember to use protective stop-loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.

The material has been provided by InstaForex Company - www.instaforex.com.

Euro Currency: Weekly Preview

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The European currency has seen demand over the past two weeks; however, while this phrase sounds promising, in reality, we have observed very weak growth in the euro. Even on the EUR/USD chart, it's clear that we witnessed nothing more than yet another corrective wave within countless other corrective waves and structures. The formal targets of the proposed wave 3 or C have been reached, so the instrument may begin a new decline as early as next week. This could occur as part of wave 4 of the same upward corrective structure or within a new downward structure. The essence remains unchanged: the euro still cannot resume the formation of an upward trend.

The news backdrop lately has been like a last hope. The market, for the most part, is not moving in either direction. For five consecutive months, trading has occurred between the 14 and 18 figures. Inside this range, there have been countless corrective waves. Each week, traders highlight the most important events in the calendar, hoping that this time the market won't ignore yet another FOMC meeting, another tariff announcement from Donald Trump, another "economic calamity" in the US, or something similar. Instead, we continue to see correction after correction.

Next week, the situation may remain the same. In the Eurozone, only two reports and a noteworthy speech are expected over the next five days. Germany will first publish data on industrial production, followed at the end of the week by November inflation data, for which the market is already familiar with the preliminary figures. Additionally, on Wednesday, European Central Bank President Christine Lagarde will give a speech. The chances of the ECB head making interesting and important statements are minimal, but they still exist. Honestly, looking at the European news backdrop evokes no emotions. It is likely that these events will not bring anything new to the harsh realities of EUR/USD.

Wave Picture for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build on the upward section of the trend. The market has paused in recent months, but Donald Trump's policies and the Fed's actions remain significant factors in the US dollar's future decline. The targets for the current trend section could extend up to the 25th figure. However, the last upward segment has once again taken on a corrective appearance; thus, a downward wave within this segment may begin, with a maximum leading to a new downward corrective set of waves.

Wave Picture for GBP/USD:

The wave picture for GBP/USD has transformed. We continue to deal with an upward impulse section of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in C of 4 appears quite complete. If this is indeed the case, I expect the main trend section to resume its build with initial targets around the 38 and 40 figures. However, wave 4 itself may also take on a five-wave appearance.

In the short term, I anticipated the formation of wave 3 or c with targets around 1.3280 and 1.3360, corresponding to the 76.4% and 61.8% Fibonacci levels. These targets have been achieved. Wave 3 or C may continue its build, but the current wave set is likely corrective again. Consequently, a decline at the beginning of next week is also possible, and the attempt to break the 1.3360 mark has been unsuccessful.

Key Principles of My Analysis:

1. Wave structures should be simple and understandable. Complex structures are difficult to trade and often bring changes.
2. If there is uncertainty in what's happening in the market, it is better not to enter.
3. There can never be 100% certainty about the direction of movement. Always remember to use protective stop-loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.

The material has been provided by InstaForex Company - www.instaforex.com.

Merz Won't Save Germany's Economy. Part 2

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The IMF also believes that increasing government investments in 2026 will boost economic growth, while low public debt will allow for the attraction of additional funds. Germany's public debt stands at only 68% of GDP, the lowest figure among EU countries. As the saying goes, Germany has room to grow, provided there is the will to do so.

However, Germany epitomizes the well-fed and measured pace of the European Union. While in many other countries workers are willing to do overtime, actively seek new jobs in case of layoffs, and do not allow themselves to have idle time—where all adult family members work—many EU countries (including Germany) experience the opposite situation due to a high standard of living and good government support. People simply do not see the point in "working three jobs" when one salary is sufficient for everything. Interestingly, in Scandinavian countries, a four-day workweek is already in practice. It is believed that by resting more, employees show greater productivity during the work week. It is unlikely that anything similar can happen in China, the US, or Russia. This is the problem.

The IMF also warns that by 2027, economic growth could reach 1.5%, but further acceleration is highly questionable. Medium-term prospects remain uncertain. The demographic issue is another challenge for the German state. The country's population is decreasing, which negatively impacts the number of economically active individuals. In the next five years, the number of working-age people in Germany is forecasted to decline more sharply than in any other EU country, according to the IMF.

In fact, it has a direct connection. It should be understood that before Donald Trump took office, the exchange rate of the European currency had been declining for 17 years. In 2022, the decline stopped, but in the long term, it was merely a two-year correction. By 2025, this correction has every chance of turning into a trend, but only because Donald Trump returned to power in the US. If Trump had not been re-elected, demand for the US currency would likely have continued to rise, reflecting the European Union's internal problems.

Consequently, the primary focus is now on the American news backdrop, and this is precisely why the European currency is rising, albeit unwillingly. After all, the more expensive the euro becomes, the less EU exports. The European currency is compelled to appreciate, further worsening the already fragile economic situation in the Eurozone.

Wave Picture for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build an upward section of the trend. The market has paused in recent months, but Donald Trump's policies and the Fed's remain significant factors in the US dollar's future decline. The targets for the current section of the trend could extend to the 25th figure. However, the latest upward section of the trend has again taken on a corrective appearance, so a downward wave may be starting within it, with a maximum leading to a new downward corrective set of waves.

Wave Picture for GBP/USD:

The wave picture for GBP/USD has evolved. We continue to deal with an upward impulse section of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in C in 4 appears quite complete. If this is indeed the case, I expect the main trend section to resume its build with initial targets around the 38 and 40 figures. However, wave 4 itself may take on a five-wave appearance.

In the short term, I anticipated the formation of wave 3 or c with targets around 1.3280 and 1.3360, corresponding to 76.4% and 61.8% Fibonacci levels. These targets have been reached. Wave 3 or C may continue its build, but the current wave set is likely corrective again. Therefore, a decline at the beginning of next week is also possible, and the attempt to break the 1.3360 mark has been unsuccessful.

Key Principles of My Analysis:

1. Wave structures should be simple and understandable. Complex structures are difficult to trade, as they often bring about changes.
2. If there is uncertainty about what is happening in the market, it is better not to enter it.
3. There can never be 100% certainty about the direction of movement. Always remember to use protective stop-loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.

The material has been provided by InstaForex Company - www.instaforex.com.

Merz Won't Save Germany's Economy

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The German economy has been in a dire state for almost five years now. While "dire" may not be the most precise term, the reality is that the economy experiences periods of growth and decline. This is not what one expects from the "locomotive of the Eurozone." As the richest country in the bloc, Germany faces high expectations, and the last time its GDP grew by more than 1% year-on-year was three years ago—in the third quarter of 2022.

New Chancellor Friedrich Merz has taken steps to accelerate Germany's economic growth, notably by significantly increasing investments in defense and the military. These investments are being funded through increased public debt. However, the harsh truth remains—Germany is losing international competition and is currently unable to meet external challenges. Like the US, its labor is expensive, production is costly, goods are pricey, and taxes are high. China and other countries that were considered providers of cheap goods 20 years ago are not only catching up but are overtaking expensive American, German, and European products on the international market.

Of course, not all products can be substituted with Chinese alternatives. There are high-tech industries and categories of goods where quality and manufacturer reputation play key roles. However, each passing year demonstrates that high-quality products do not necessarily have to cost "as much as a Boeing wing."

The IMF believes that Merz's government will not be able to save the sinking German ship. According to the International Monetary Fund, the German economy needs significant structural reforms to stop losing the competition. Germany requires reforms both at the national level and within the framework of the Eurozone. Specifically, the IMF suggests reducing spending on social support, various subsidy programs, and tax breaks. In addition, there is a need to increase productivity and entrepreneurship levels. The IMF notes that Germany's industry is "stuck" and losing export competition to countries that are not stagnant and do not spend half their budgets on areas that can be abandoned painlessly.

Wave Picture for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build an upward section of the trend. The market has paused in recent months, but Donald Trump's policies and the Fed's remain significant factors in the US dollar's future decline. The targets for the current section of the trend could extend to the 25th figure. However, the latest upward section of the trend has again taken on a corrective appearance, so a downward wave may be starting within it, with a maximum leading to a new downward corrective set of waves.

Wave Picture for GBP/USD:

The wave picture for GBP/USD has evolved. We continue to deal with an upward impulse section of the trend, but its internal wave structure has become complex. The downward corrective structure a-b-c-d-e in C in 4 appears quite complete. If this is indeed the case, I expect the main trend section to resume its build with initial targets around the 38 and 40 figures. However, wave 4 itself may take on a five-wave appearance.

In the short term, I anticipated the formation of wave 3 or c with targets around 1.3280 and 1.3360, corresponding to 76.4% and 61.8% Fibonacci levels. These targets have been reached. Wave 3 or C may continue its build, but the current wave set is likely corrective again. Therefore, a decline at the beginning of next week is also possible, and the attempt to break the 1.3360 mark has been unsuccessful.

Key Principles of My Analysis:

1. Wave structures should be simple and understandable. Complex structures are difficult to trade, as they often bring about changes.
2. If there is uncertainty about what is happening in the market, it is better not to enter it.
3. There can never be 100% certainty about the direction of movement. Always remember to use protective stop-loss orders.
4. Wave analysis can be combined with other types of analysis and trading strategies.

The material has been provided by InstaForex Company - www.instaforex.com.

Forex forecast 05/12/2025: EUR/USD, USD/JPY, GBP/USD, SP500, Gold and Bitcoin

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We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.

Useful links:

My other articles are available in this section

InstaForex course for beginners

Popular Analytics

Open trading account

Important:

The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.

Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.

#instaforex #analysis #sebastianseliga

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for EUR/USD for December 5-8, 2025: sell below 1.1670 (21SMA - 3/8 Murray)

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EUR/USD is trading around 1.1644, below 3/8 Murray, and around 21 SMA. If the euro pulls back towards the 3/8 Murray or 1.1670 in the coming hours, it could be seen as an opportunity to resume selling.

If the euro rises in the coming hours and tests the strong daily resistance at 1.1670, it could be a good time to enter short positions with a target at the 200 EMA at 1.1600.

On the H4 chart, we can see that EUR/USD is in a downtrend channel, which could be confirmed if a pullback towards 1.1670 occurs, resuming its downtrend.

The Eagle indicator is showing overbought signs. So, we believe that in case of a sharp break in the bullish trend channel, EUR/USD could gain downward momentum and reach 2/8 Murray at 1.1596 and finally the 0/8 Murray at 1.1475.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for BITCOIN for December 5-8, 2025: sell below $90,000 (21 SMA - 2/8 Murray)

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Bitcoin is trading around $91,270. On a daily chart, we can see that the price is within a downtrend channel formed since the end of September.

If Bitcoin falls below the psychological level of $90,000, we could expect it to reach the psychological level of $75,000 in the medium term, around the 0/8 Murray.

If Bitcoin rebounds and consolidates above $90,000, we could expect it to continue rising and could reach the top of the downtrend channel around $96,500.

A good area to open short positions could be if the price reaches the $96,000 level. Below this area, we could expect a strong technical correction.

On the contrary, if Bitcoin falls towards the 1/8 Murray located at $81,250, a double bottom pattern could form, which we could be alert to to make a decision to enter long positions.

A break or sharp drop towards the 0/8 Murray or towards the bottom of the downtrend channel between $75,000 and $71,000 could mean a strong technical correction. This strong movement will likely cause a technical rebound, which we should watch out for in order to plan long positions.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for ETHEREUM for December 5-8, 2025: sell below $3,200 (21 SMA - 200 EMA)

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Ethereum is trading around $3,125, consolidating above the 21 SMA, below the 200 EMA, and below the uptrend channel formed since November 21. Ethereum is showing signs of exhaustion. Hence, a drop below $3,097 could accelerate a sharp technical correction to reach the 1/8 Murray support.

Conversely, if Ethereum breaks above $3,200 and consolidates above this zone, we could expect it to reach the 3/8 Murray around $3,437.

A technical rebound around the support at the bottom of the uptrend channel, located at $2,800, could present a good opportunity to enter long positions to hit the 3/8 Murray at $3,437.

Technically, the Eagle indicator is showing a negative signal. So, if there is a technical rebound above $3,125, we could expect ETH to hit a strong resistance level around $3,200, which would signal a resumption of selling with a target at $2,802.

If the bearish force prevails and breaks below $2,800, ETH could easily reach the psychological level of $2,500.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for GOLD for December 5-8, 2025: buy above $4,218 (21 SMA - 7/8 Murray)

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Gold is trading around $4,218, around 7/8 Murray and above the 21 SMA with a slightly bullish bias, although it is showing signs of exhaustion. Gold could continue its rise in the coming hours if it consolidates above $4,220.

A return below the 7/8 Murray could mean a technical correction, and we could expect the price to reach the support of the uptrend channel drawn around $4,118 on the daily chart.

If gold continues its upward bias, it could reach the 8/8 Murray around $4,375, and we could even expect the upward momentum to take it to the +1/8 Murray around $4,531.

A sharp break in the uptrend channel formed since October 20 could signal a change in trend, and we could expect gold to reach the 200 EMA around $3,600 in the medium term.

The Eagle indicator is showing a divergence, so it is likely that after a technical correction, the instrument could resume its upward cycle and reach $4,400 in the short term.

The material has been provided by InstaForex Company - www.instaforex.com.

Euro Is No Lightweight

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The main reason cited for the rally in EUR/USD is the increased likelihood of a 25-basis-point rate cut to 3.75% in December, rising from less than 30% at the end of November to nearly 90% now. However, the euro is not a lightweight. The European Central Bank has succeeded in combating inflation without pressure, unlike the Federal Reserve. Business activity in the Eurozone has surged to its highest level in 2.5 years, and the growth in German manufacturing orders suggests that Germany's GDP will impress in the fourth quarter.

Dynamics of German Manufacturing Orders

According to Bank of America, EUR/USD is expected to rise to 1.22 by the end of 2026, driven by a low bar for reforms, convergence in economic growth, and currency market hedging. I would add to these "bullish" drivers the capital flow from the United States to Europe.

Fiscal incentives from Friedrich Merz contributed to a 12% rally in EUR/USD in 2025. However, discussions arose towards the year's end that these measures were insufficient. Germany needs reforms, and its government is capable of implementing them. The implementation of these programs will add fuel to the upward movement of the euro, as will the narrowing gap in GDP growth between the US and the Eurozone, known as convergence. Negative impacts from tariffs and the delayed effects of the government shutdown risk slowing the US economy.

Regarding hedging, there can be a debate with Bank of America. Insurance against the depreciation of the US dollar for non-resident investments in US-issued assets was popular in 2025 amid record capital inflows to the US. However, much could change in 2026.

This year, European stock indices have outperformed their American counterparts, partly due to the strengthening euro. Their fundamental valuations, including P/E ratios, are low compared to those of the same technology companies, and a gradual loss of interest in artificial intelligence will reduce the attractiveness of US stocks. In this case, hedging may not be required, as there will be capital flowing from North America to Europe.

Dynamics of the European Stock Market

If we add the divergence in monetary policy between the Fed and the ECB to this, the medium-term prospects for EUR/USD appear significantly bullish. That said, anything can happen in the short-term investment horizon. No trend is without corrections. A catalyst for a pullback could be Jerome Powell's hawkish rhetoric at the press conference following the December FOMC meeting.

Technically, on the daily chart, EUR/USD is forming a 20-80 pattern. The bulls' inability to break above 1.1675 is a testament to their weakness and has increased the risk of consolidation. At the same time, a rebound from the upper boundary of the fair value range at 1.1625, or from the pivot level at 1.1585, may provide a basis for buying euros against the US dollar.

The material has been provided by InstaForex Company - www.instaforex.com.

IMF raises concerns over future of central banks

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As Bitcoin exhibits relative stability, trading above $90,000, the International Monetary Fund (IMF) warned on Thursday that the rise of stablecoins could accelerate the substitution of local currencies in countries with weak monetary systems, potentially undermining central banks' control over capital flows.

In a report titled "Understanding Stablecoins," published on Thursday, the IMF cautioned that the rapid growth in the popularity of dollar-denominated stablecoins, coupled with their ease of cross-border use, might encourage households and businesses to abandon local currencies in favor of dollar-based stablecoins, particularly in environments marked by high inflation or low trust in national currencies.

According to the IMF, such developments could pose significant risks to macroeconomic stability and financial integrity. Stablecoins pegged to stable assets like the US dollar may become increasingly appealing to individuals in countries where national currencies are subject to high inflation or devaluation. As a consequence, demand for local currencies could sharply decline, leading to further weakening of monetary policy and increased reliance on foreign currencies. Similar trends are already observable in several countries experiencing hyperinflation. Currently, Asia leads all regions in overall stablecoin activity, although its usage relative to GDP is most pronounced in Africa, the Middle East, and Latin America—areas historically characterized by high currency substitution risks.

The report also emphasized the necessity for effective regulatory frameworks for stablecoins to prevent such scenarios. These frameworks must address risks associated with money laundering, terrorism financing, and consumer protection. Additionally, regulators should have the authority to oversee stablecoin issuers and impose stringent standards for transparency and risk management.

The IMF noted that stablecoins could potentially facilitate currency substitution, exacerbate the volatility of capital flows by circumventing capital controls, and fragment payment systems if operational compatibility is not ensured. The organization added that these risks might be particularly pronounced in countries characterized by high inflation, weak institutions, or diminished trust in their domestic monetary systems.

It is important to note that the total volume of the two largest stablecoins, USDT and USDC, has surged since 2023, reaching a combined total of $260 billion, while trading volumes skyrocketed to $23 trillion in 2024.

Despite the IMF's warnings, crypto enthusiasts argue that stablecoins can play a positive role in developing the financial system, particularly in regions where access to traditional banking services is limited. They contend that stablecoins can offer cheaper and faster cross-border payments and promote financial inclusivity.

Trading recommendations:

In terms of the technical outlook for Bitcoin, buyers are currently targeting a return to the $92,800 level, which would pave the way toward $95,000; beyond that, the next target would be approximately $97,300. The ultimate goal will be the peak around $100,300, and overcoming this level would signify attempts to re-enter a bullish market. Should Bitcoin decline, buyers are expected at the $90,300 level. Should trading return below this area, BTC could quickly drop towards $88,200, with the further target being the $85,800 region.

Regarding Ethereum, a clear consolidation above the $3,283 level opens a direct path to $3,474. The next major target will be the peak around $3,664, and surpassing this could strengthen bullish market sentiments and renew buyer interest. If Ethereum declines, buyers are anticipated at the $3,126 level. A revisit below this zone could rapidly push ETH down to approximately $2,994, with the ultimate target being around $2,924.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.

The material has been provided by InstaForex Company - www.instaforex.com.

USD/JPY: Tips for Beginner Traders on December 5 (US Session)

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Trade Analysis and Recommendations for the Japanese Yen

The test of the price level at 154.47 occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For this reason, I did not sell the dollar. Unfortunately, I did not wait for a second test to buy at this level.

In the afternoon, particular attention will be paid to the release of US data. It will start with the Personal Consumption Expenditures (PCE) index, followed by information on changes in consumer spending and income. Later that day, consumer sentiment data calculated by the University of Michigan and inflation forecasts prepared by the same organization will be published. The PCE index presented here is an important inflation indicator that the Federal Reserve closely monitors. Today's data is expected to provide a more accurate assessment of the inflation trajectory and may influence the Fed's future interest rate decisions. A strong decline in the index will certainly allow the Fed to cut interest rates next week.

The Consumer Sentiment Index, calculated by the University of Michigan, is an important indicator reflecting consumer expectations and perceptions of the current and future economic situation. A decline in this index will lead to depreciation of the US dollar against the Japanese yen, and given the expected differences in monetary policy between the two countries, pressure on the USD/JPY pair will return quickly.

For the intraday strategy, I will focus on implementing Scenarios 1 and 2.

Buy Signal

Scenario No. 1: I plan to buy USD/JPY today upon reaching an entry price around 155.17 (green line on the chart), targeting a move to 155.67 (thicker green line on the chart). At around 155.67, I will exit my long positions and sell immediately in the opposite direction, aiming for a movement of 30-35 pips from the entry point. Growth in the pair can only be expected after strong US data. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting to rise from it.

Scenario No. 2: I also plan to buy USD/JPY today if there are two consecutive tests of 154.85 while the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. We can expect growth toward opposing levels of 155.17 and 155.67.

Sell Signal

Scenario No. 1: I plan to sell USD/JPY today after the 154.85 level is updated (red line on the chart), which will trigger a rapid decline in the pair. The key target for sellers will be the level of 154.28, where I will exit my shorts and immediately buy in the opposite direction, aiming for a movement of 20-25 pips in the opposite direction from that level. Pressure on the pair will only return in the case of very weak US data. Important! Before selling, ensure the MACD indicator is below the zero mark and just starting to decline from it.

Scenario No. 2: I also plan to sell USD/JPY today if there are two consecutive tests of 155.17 while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a market reversal downward. We can expect a decline to the opposing levels of 154.85 and 154.28.

Chart Highlights:

• Thin Green Line: Entry price for buying the trading instrument.
• Thick Green Line: Suggested price for placing a Take Profit or securing a profit, as further growth above this level is unlikely.
• Thin Red Line: Entry price for selling the trading instrument.
• Thick Red Line: Suggested price for placing a Take Profit or securing a profit, as further decline below this level is unlikely.
• MACD Indicator: It is important to use oversold and overbought zones when entering the market.

Important:

Beginner traders in the Forex market need to be very cautious when making decisions to enter the market. It is best to stay out of the market before the release of significant fundamental reports to avoid sharp fluctuations in the exchange rate. If you decide to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

Remember that successful trading requires a clear trading plan, like the one presented above. Impulsive trading decisions based on the current market situation are fundamentally a losing strategy for intraday traders.

The material has been provided by InstaForex Company - www.instaforex.com.

GBP/USD: Tips for Beginner Traders on December 5 (US Session)

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Trade Analysis and Recommendations for the British Pound

The test of the price level at 1.3353 coincided with the moment when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For this reason, I did not buy the pound. A second test at 1.3353 occurred while the MACD was in the overbought area, allowing the execution of Scenario No. 2: selling the pound. As a result, the pair declined by 15 pips.

In the afternoon, the core Personal Consumption Expenditures (PCE) index, along with data on changes in personal spending and income, is expected to be released. Shortly afterward, figures for the University of Michigan Consumer Sentiment Index and inflation expectations from the University of Michigan will be published. The Federal Reserve closely monitors the PCE index as a key inflation indicator. Today's data is expected to provide a clearer picture of the inflation trajectory and could influence the Fed's future interest rate decisions. If the PCE index comes out above expectations, it may heighten concerns about persistent inflation and prompt the Fed to continue its aggressive policy. Conversely, a lower figure may indicate weakening inflationary pressure, allowing the Fed to take a more dovish stance. Data on changes in consumer spending and income will complement the picture of consumer demand. It is worth noting that market reactions could be significant, especially if the data deviates substantially from expectations.

Regarding the intraday strategy, I will focus on implementing Scenarios 1 and 2.

Buy Signal

Scenario No. 1: I plan to buy the pound today upon reaching an entry price around 1.3355 (green line on the chart), targeting a move to 1.3384 (thicker green line on the chart). At around 1.3384, I will exit my long positions and sell immediately in the opposite direction, anticipating a movement of 30-35 pips from the entry point. A strong increase in the pound today can only be expected after weak US data. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting to rise from it.

Scenario No. 2: I also plan to buy the pound today if there are two consecutive tests of 1.3336 while the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. We can expect growth toward opposing levels of 1.3355 and 1.3384.

Sell Signal

Scenario No. 1: I plan to sell the pound today after the pair trades above the 1.3336 level (red line on the chart), which will trigger a rapid decline in the pair. The key target for sellers will be the level of 1.3309, where I intend to exit my shorts and immediately buy in the opposite direction, aiming for a movement of 20-25 pips in the opposite direction from that level. Pressure on the pound is unlikely to return today. Important! Before selling, ensure the MACD indicator is below the zero mark and just starting to decline from it.

Scenario No. 2: I also plan to sell the pound today if there are two consecutive tests of 1.3355 while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a market reversal downward. We can expect a decline to the opposing levels of 1.3336 and 1.3309.

Chart Highlights:

• Thin Green Line: Entry price for buying the trading instrument.
• Thick Green Line: Suggested price for placing a Take Profit or securing a profit, as further growth above this level is unlikely.
• Thin Red Line: Entry price for selling the trading instrument.
• Thick Red Line: Suggested price for placing a Take Profit or securing a profit, as further decline below this level is unlikely.
• MACD Indicator: It is important to use oversold and overbought zones when entering the market.

Important:

Beginner traders in the Forex market need to be very cautious when making decisions to enter the market. It is best to stay out of the market before the release of significant fundamental reports to avoid sharp fluctuations in the exchange rate. If you decide to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

Remember that successful trading requires a clear trading plan, like the one presented above. Impulsive trading decisions based on the current market situation are fundamentally a losing strategy for intraday traders.

The material has been provided by InstaForex Company - www.instaforex.com.

EUR/USD: Tips for Beginner Traders on December 5 (US Session)

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Trade Analysis and Recommendations for the Euro

The test of the price level at 1.1665 coincided with the MACD indicator already having moved significantly above the zero mark, which limited the pair's upside potential. For this reason, I did not buy euros.

The European currency strengthened its position, supported by positive economic news: a stable rise in German industry and encouraging GDP figures for the Eurozone instilled optimism in the investment environment. German industry reported a noticeable increase in orders, indicating a recovery in purchasing activity and strengthening in the manufacturing sector towards year-end. This factor had a significant positive impact on market sentiment, reinforcing confidence in Germany's economic recovery.

At the same time, the released GDP data for the Eurozone countries was better than expected, confirming the trend of sustained economic growth. GDP growth is an important indicator reflecting the overall state of the economy, and its positive dynamics made the euro more attractive to investors.

In the afternoon, investors will focus on the release of the Consumer Price Index (CPI) and personal income and spending in the US. Economists often closely analyze the dynamics of personal consumer expenditures to determine whether price growth is slowing, which could, in turn, affect future Federal Reserve policy regarding interest rates. If the index declines, the dollar may respond with further decline. Additionally, the University of Michigan Consumer Sentiment Index is an important indicator of consumer sentiment, as it reflects consumer confidence in the government's ability to control prices. Therefore, today's reports represent a broad spectrum of economic information that could significantly alter investors' views on the current situation and the prospects for US economic growth.

Regarding the intraday strategy, I will focus on implementing Scenarios 1 and 2.

Buy Signal

Scenario No. 1: I plan to buy euros today upon reaching an entry price around 1.1662 (green line on the chart), targeting a move to 1.1700. At 1.1700, I plan to exit the market and also sell euros immediately on the bounce, aiming for a movement of 30-35 pips from the entry point. A strong growth expectation for the euro can only materialize after weak US data. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting to rise from it.

Scenario No. 2: I also plan to buy euros today if there are two consecutive tests of the price at 1.1646 while the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. We can expect growth toward opposing levels of 1.1662 and 1.1700.

Sell Signal

Scenario No. 1: I plan to sell euros once the pair reaches 1.1646 (red line on the chart). The target will be the level of 1.1614, where I intend to exit the market and buy immediately in the opposite direction (aiming for a movement of 20-25 pips in the opposite direction from that level). Pressure on the pair will return today with good data. Important! Before selling, ensure the MACD indicator is below the zero mark and just starting to decline from it.

Scenario No. 2: I also plan to sell euros today if there are two consecutive tests of the 1.1662 price level while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a market reversal downward. We can expect a decline to the opposing levels of 1.1646 and 1.1614.

Chart Highlights:

• Thin Green Line: Entry price for buying the trading instrument.
• Thick Green Line: Suggested price for placing a Take Profit or securing a profit, as further growth above this level is unlikely.
• Thin Red Line: Entry price for selling the trading instrument.
• Thick Red Line: Suggested price for placing a Take Profit or securing a profit, as further decline below this level is unlikely.
• MACD Indicator: It is important to use oversold and overbought zones when entering the market.

Important:

Beginner traders in the Forex market need to be very cautious when making decisions to enter the market. It is best to stay out of the market before the release of significant fundamental reports to avoid sharp fluctuations in the exchange rate. If you decide to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

Remember that successful trading requires a clear trading plan, like the one presented above. Impulsive trading decisions based on the current market situation are fundamentally a losing strategy for intraday traders.

The material has been provided by InstaForex Company - www.instaforex.com.