December 10, 2025 16:00 ICMarkets Market News
US Stocks Drift Ahead of Fed Rate Decision – Dow Dips 0.4%
US stock markets eased back on Tuesday as traders moved to the sidelines ahead of today’s all-important Federal Reserve interest rate decision. The Dow fell 0.38% to close at 47,560, the S&P 500 dipped 0.09% to 6,840, while the Nasdaq managed a modest 0.13% rise, finishing at 23,576. A stronger-than-expected set of US employment numbers pushed Treasury yields higher across the curve, with the 2-year yield climbing 4 basis points to 3.615% and the 10-year rising 2.4 basis points to 4.188%. The firmer yield environment helped lift the dollar; the DXY gained 0.14% on the day to settle at 99.23. In commodities, oil markets remained under pressure as renewed optimism over potential progress in Ukraine peace discussions—following meetings between Kyiv and its allies in London—saw Brent crude slip 0.70% to $62.05, while WTI dropped 0.95% to $58.32 a barrel. Gold, meanwhile, pushed back into recent ranges, rising 0.43% to $4,208.21 an ounce as traders sought a safer footing ahead of a packed macro calendar.
Fed Day at Last
Today’s Federal Reserve update has probably been the most highly anticipated central bank meeting of the year, with the volatility in rate moves expectations exceeding all others in the preceding 11 months. With less than a day to go, market expectation sits just under 90% that we will see a further 25-basis-point cut later today. That is up from 70% a month ago, but more crucially up from near 30% around six weeks ago. Most market participants are expecting to see a relatively “cautious cut” today, with a split in the committee well documented. So, a swing either side—i.e., a dovish cut or a hawkish cut—should see some big moves across all financial products. Stock markets have been trading optimistically over the last couple of weeks, indicating that they anticipate more stimulus into 2026, while the bond market has been more cautious. Either way, the possibility of strong corrections is high, and it should be a very lively market into the end of the trading day.
Huge Day Ahead for Investors
Today looks to be shaping up as one of the biggest days of the month for global markets. The Asian session sees the release of key Chinese data with CPI (exp +0.7% m/m) and PPI (exp +2.0% y/y), which should see some good moves in local markets, while the London session has a scheduled update from ECB President Christine Lagarde. However, the New York session looks set to be extremely lively. The Federal Reserve’s rate call towards the end of the day is without doubt the headline event, where a 25-basis-point rate cut is well priced in; Chairman Jerome Powell’s press conference shortly after is likely to drive volatility even further. Earlier in the Northern Hemisphere session, the Bank of Canada will deliver its own interest rate decision, with the market firmly expecting them to hold rates at 2.25%. As with the Fed, traders are expecting forward guidance from the statement and subsequent press conference to add further volatility to local markets. US Crude Oil Inventory data is also due out in the session; however, expect the major central bank updates to dominate.
The post General Market Analysis – 10/12/25 first appeared on IC Markets | Official Blog.
December 10, 2025 15:39 ICMarkets Market News
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance
Pivot: 99.00
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 98.67
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.
1st resistance: 99.47
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement

Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 1.1644
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1.1590
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 1.1679
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 181.92
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 179.92
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could again stabilize.
1st resistance: 183.43
Supporting reasons: Identified as a resistance that is supported by the 161.8% Fibonacci extension, indicating a potential level that could cap further upward movement.

Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price has already reacted off the pivot and may continue its bearish move toward the 1st support.
Pivot: 0.8749
Supporting reasons: Identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 0.8708
Supporting reasons: Identified as a pullback support that aligns closely with the 161.8% Fibonacci extension, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8779
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 1.3262
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 1.3162
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3370
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could halt further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 207.17
Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement
1st support: 205.32
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.
1st resistance: 209.23
Supporting reasons: Identified as a resistance that is supported by the 127.2% Fibonacci projection, indicating a potential level that could halt further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 0.8038
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 0.7987
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8098
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 156.00
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 154.44
Supporting reasons: Identified as an overlap support, indicating a strong area where buyers might return, and the price could stabilize once again.
1st resistance: 157.61
Supporting reasons: Identified as a swing high resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure

Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 1.3890
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1.3733
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3974
Supporting reasons: Identified as an overlap resistance, making it a possible target for bullish advances and a level where some sellers could return to cap gains

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance
Pivot: 0.6611
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 0.6572
Supporting reasons: Identified as a pullback support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.6684
Supporting reasons: Identified as an overlap resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 0.5743
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 0.5689
Supporting reasons: Identified as a pullback support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.5797
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 47,729.44
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 46,847.73
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 48,411.44
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 23,868.59
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 23,488.00
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 24,444.50
Supporting reasons: Identified as a swing high resistance that aligns with the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 6,773.23
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 6,673.25
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 6,920.20
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price has already reacted off the pivot and may continue its bearish move toward the 1st support.
Pivot: 94,626.34
Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 88,893.73
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.
1st resistance: 100,094.87
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 3,230.74
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 2,904.01
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 3,675.59
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 59.47
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 57.63
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 61.09
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 4,149.19
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.
1st support: 4,083.34
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 4,255.34
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

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The post Wednesday 10 December 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
December 10, 2025 15:39 ICMarkets Market News
IC Markets Global – Asia Fundamental Forecast | 10 December 2025
What happened in the U.S. session?
Overnight U.S. trade was dominated by pre‑FOMC positioning rather than fresh data, with investors weighing the likelihood of a December rate cut against the risk that the Fed guides to a slower easing cycle in 2026. Equity indices slipped modestly from recent highs, U.S. Treasury yields firmed, and the dollar stayed underpinned, while oil and gold traded more quietly as markets awaited clearer policy signals.
What does it mean for the Asia Session?
Chinese inflation data, the Bank of Canada’s rate decision, key U.S. labour and inflation releases, and the highly anticipated FOMC rate decision and press conference, all of which could drive sharp moves in USD, CAD, CNH, equities, and bonds. These come against a backdrop of cautious risk sentiment in Asia as equities have already softened ahead of the Fed, with markets pricing a possible 25 bp cut but watching closely for guidance on the 2026 path for U.S. rates.
The Dollar Index (DXY)
Key news events today
Employment Cost Index q/q (1:30 pm GMT)
Federal Funds Rate (7:00 pm GMT)
FOMC Economic Projections (7:00 pm GMT)
FOMC Statement (7:00 pm GMT)
FOMC Press Conference (7:30 pm GMT)
What can we expect from DXY today?
The Dollar is trading slightly below the 100 level on the U.S. Dollar Index, reflecting a soft tone after a period of gradual weakening over the past year. Markets are fixated on the FOMC meeting later in the day, where a modest 25 bp “insurance” cut is widely expected as the Fed responds to softer jobs data and rebalanced risks around growth and inflation. Because easing is already partially priced in, traders see the main Dollar risk in the policy message: a more dovish path and deeper cuts could push the Dollar lower, while a surprise hold or hawkish guidance could spark a short squeeze and lift the currency back above the 100 level.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
Gold (XAU)
Key news events today
Employment Cost Index q/q (1:30 pm GMT)
Federal Funds Rate (7:00 pm GMT)
FOMC Economic Projections (7:00 pm GMT)
FOMC Statement (7:00 pm GMT)
FOMC Press Conference (7:30 pm GMT)
What can we expect from Gold today?
Gold is trading in a tight consolidation just below record highs today, with spot prices roughly in the low‑4,200s as markets largely price in a Fed rate cut at the December 10 FOMC meeting but remain wary of any hawkish surprise on forward guidance. The macro backdrop of softer US yields and a weaker dollar continues to underpin bullion, while ongoing geopolitical tensions sustain safe‑haven interest, yet technicals show fading short‑term momentum and a sideways structure between roughly 4,050 support and 4,240 resistance that could resolve either into a breakout to new highs if the Fed is more dovish than expected.
Next 24 Hours Bias
Medium Bullish
The Australian Dollar (AUD)
Key news events today
Cash Rate (3:30 am GMT)
RBA Rate Statement (3:30 am GMT)
RBA Press Conference (4:30 am GMT)
What can we expect from AUD today?
Today’s Australian dollar story is dominated by a hawkish‑tilting RBA versus a still‑easing Fed, which keeps the bias for AUD/USD modestly upward while leaving the currency vulnerable to swings in global risk appetite and any surprises in US policy communication. In practical terms, the market treats dips in AUD crosses as potential buying opportunities as long as the cash rate remains at 3.6% and incoming Australian inflation and labour data do not significantly undercut the RBA’s concern about persistent price pressures.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Kiwi Dollar (NZD)
Key news events today
RBNZ Gov Breman Speaks (9:10 pm GMT)
What can we expect from NZD today?
The New Zealand Dollar is trading just under 0.58 against the US Dollar, consolidating near a one‑month high after a solid early‑December rally. The currency remains supported by expectations that the RBNZ has largely finished cutting rates and by improved risk appetite linked partly to stronger Chinese data, although 0.58 is acting as stiff technical resistance and some analysts warn that failure to break higher could trigger profit‑taking.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Japanese Yen (JPY)
Key news events today
BOJ Gov Ueda Speaks (9:00 am GMT)
What can we expect from JPY today?
The Japanese yen is trading weaker near recent lows as markets wait for fresh confirmation of a Bank of Japan rate hike later in December, with USD/JPY around the mid‑156 area and volatility driven mainly by shifting expectations for U.S.–Japan yield differentials. USD/JPY has edged higher toward about 156.9 as of December 9–10, reflecting renewed dollar strength and modest selling of the yen after its brief recovery earlier this month.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
Oil
Key news events today
EIA Crude Oil Inventories (2:30 pm GMT)
What can we expect from Oil today?
Oil is trading slightly lower to steady around the high‑50s to low‑60s per barrel region on Wednesday, 10 December 2025, with markets focused on a mix of soft demand expectations, recovering supply, and major central‑bank decisions that could affect future energy consumption. Geopolitical risk from the Ukraine conflict and tensions involving Russia and Venezuela is providing a floor under prices, as traders weigh the chance of further disruptions to Russian exports or sanctions changes.
Next 24 Hours Bias
Medium Bullish
The post IC Markets Global – Asia Fundamental Forecast | 10 December 2025 first appeared on IC Markets | Official Blog.
December 10, 2025 15:14 ICMarkets Market News
IC Markets Global – Europe Fundamental Forecast | 10 December 2025
What happened in the Asia session?
China’s November CPI rose 0.7% year-on-year, matching expectations and accelerating from October’s 0.2%, while month-on-month it fell 0.1%; PPI declined 2.2% year-on-year, deeper than the forecasted 2.0% drop and extending deflationary pressures. No major Japanese data releases occurred during the session, with focus shifting to later low-impact items like BSI surveys and foreign investment flows. Markets reacted amid anticipation for US Fed decisions, with Asian equities easing: Nikkei down amid yen weakness, Hang Seng falling 1.2% on China price concerns, CSI 300 off 0.91%, and GIFT Nifty signaling a lower open.
What does it mean for the Europe & US sessions?
Traders must watch the pivotal FOMC rate decision and dot plot at 2:00 PM ET, where markets price a likely 25bps cut amid hawkish dissent risks, potentially sparking volatility in equities, dollar, and rates. The preceding 8:30 AM ET US Employment Cost Index offers critical wage data (last at 3.6% YoY), influencing Fed projections, while subdued European calendars leave focus on sentiment upticks like ESI at 96.8 and China’s looming CPI amid soft Asian opens (CSI 300 -0.91%). Overnight mixed US closes and GIFT Nifty downside signal caution, with no ECB action until later, prioritizing these US catalysts for directional trades.
The Dollar Index (DXY)
Key news events today
Employment Cost Index q/q (1:30 pm GMT)
Federal Funds Rate (7:00 pm GMT)
FOMC Economic Projections (7:00 pm GMT)
FOMC Statement (7:00 pm GMT)
FOMC Press Conference (7:30 pm GMT)
What can we expect from DXY today?
The US Dollar Index (DXY) stands near 99, following a rise to 99.23 on December 9 amid market anticipation for the Federal Reserve’s interest rate decision expected today, potentially including a 0.25% cut as the third of 2025. Markets remain focused on the Fed’s final meeting of the year, with growing divisions among officials and recent economic data like PCE inflation shaping expectations for policy easing, which has contributed to the dollar’s recent weakness, down 0.36% over the past month and 6.74% yearly.
Central Bank Notes:
Next 24 Hours Bias
Medium bearish
Gold (XAU)
Key news events today
Employment Cost Index q/q (1:30 pm GMT)
Federal Funds Rate (7:00 pm GMT)
FOMC Economic Projections (7:00 pm GMT)
FOMC Statement (7:00 pm GMT)
FOMC Press Conference (7:30 pm GMT)
What can we expect from Gold today?
Gold prices showed modest gains amid global market fluctuations, with spot gold trading around $4,212 per ounce after rising 0.54% the previous day, supported by its role as a safe-haven asset during Middle East geopolitical tensions following regime changes in Syria. In Indian markets, 24K gold recovered by ₹180 to ₹77,940 per 10 grams in Delhi, with similar upticks in Mumbai and other cities at ₹77,790, while silver held flat at ₹91,900 per kg due to mixed industrial demand. Traders remain cautious ahead of key US inflation data (CPI) and Federal Reserve decisions expected today, which could influence the dollar and gold’s trajectory, with forecasts suggesting potential declines to around $4,060 if data surprises to the upside.
Next 24 Hours Bias
Medium Bullish
The Euro (EUR)
Key news events today
ECB President Lagarde Speaks (10:55 am GMT)
What can we expect from EUR today?
The euro (EUR) traded steadily around 1.1628 against the US dollar, marking a slight 0.01% decline from the prior session but holding near its strongest levels since mid-October amid hawkish signals from the European Central Bank (ECB). ECB Executive Board member Isabel Schnabel expressed comfort with market expectations for potential rate hikes, citing upside risks to both growth and inflation, bolstered by robust eurozone business activity expanding at its fastest pace since May 2023 and November inflation ticking up to 2.2%. Diverging monetary policies with the US Federal Reserve widely expected to cut rates by 25 basis points this week further supported the euro’s resilience, alongside ongoing Ukraine peace talks that could enhance Europe’s energy security if progress materializes.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news event
What can we expect from CHF today?
The Swiss Franc (CHF) remains strong near 2021 highs against the USD at around 0.80-0.8061, with USD/CHF down 0.11-0.15% on December 9 amid safe-haven demand and SNB policy expectations. Traders anticipate the Swiss National Bank to hold rates at 0% in its final 2025 meeting, despite CPI stagnation in November and deflation risks, as officials tolerate temporary negative inflation while eyeing slight rises ahead.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Pound (GBP)
Key news events today
No major news event
What can we expect from GBP today?
The British Pound (GBP) showed modest stability around the $1.33 mark against the USD on December 10, 2025, following a slight dip the previous day amid anticipation of Federal Reserve policy signals and UK economic data. Against the EUR, the pound maintained strength above €1.21 from earlier December peaks, buoyed by Bank of England (BoE) expectations of less aggressive rate cuts compared to the ECB.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
BOC Rate Statement (2:45 pm GMT)
Overnight Rate (2:45 pm GMT)
What can we expect from CAD today?
The Canadian Dollar (CAD), or loonie, has shown strength recently, trading above 72 US cents amid anticipation for the Bank of Canada’s interest rate decision today, December 10, 2025, where rates are expected to hold steady at 2.25% the low end of its neutral range, while markets price in a Federal Reserve rate cut to 3.75%. Recent jobs data beating estimates for the third month has propelled the CAD to a 10-week high, supported by bullish forecasts targeting 77 US cents by 2026 due to narrowing interest rate differentials with the US, stable oil prices, and positive risk sentiment.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
Oil
Key news events today
EIA Crude Oil Inventories (2:30 pm GMT)
What can we expect from Oil today?
On Wednesday, the oil market remained cautious with prices stabilizing after recent declines, driven by Iraq’s quick resumption of output at a major field, offsetting geopolitical tensions from Ukraine talks and U.S.-Venezuela issues; traders await critical IEA and Fed updates amid projections of ample 2026 supply weighing on sentiment. Bearish momentum persists below key supports like $61.95 for Brent, with risks of further declines to $58-60 if oversupply confirms, though Fed decisions could provide short-term support.
Next 24 Hours Bias
Medium Bearish
The post IC Markets Global – Europe Fundamental Forecast | 10 December 2025 first appeared on IC Markets | Official Blog.
December 10, 2025 15:14 ICMarkets Market News
Asian stock markets traded mostly lower on Wednesday, mirroring the mixed cues from Wall Street as investors remained cautious ahead of the US Federal Reserve’s policy announcement. While the Fed is widely expected to cut interest rates by 25 basis points, uncertainty persists regarding the longer-term rate outlook. Traders will closely examine the Fed’s statement and Chair Jerome Powell’s comments for future signals. The CME FedWatch Tool shows an 87% probability of a quarter-point cut, but expectations for January remain divided.
In Australia, the S&P/ASX 200 is slightly lower, weighed by energy stocks and subdued sentiment across most sectors, though mining stocks are providing modest support. The Reserve Bank of Australia kept rates unchanged for the third consecutive meeting, noting inflation risks. Major miners like Rio Tinto and Mineral Resources posted gains, while oil producers such as Santos and Woodside declined. Tech stocks were mixed, and the big four banks traded mostly lower. Gold miners advanced strongly. The Australian dollar hovered around $0.663.
Japan’s Nikkei 225 also moved lower, reversing earlier gains amid sector-wise mixed performance. Automakers Honda and Toyota rose, while tech firms like Advantest slipped. Exporters such as Panasonic advanced sharply. Producer price data for November met expectations, rising 0.3 percent monthly and 2.7 percent annually. The yen traded in the upper 156-per-dollar range.
Elsewhere in Asia, markets were mostly weak, while Wall Street and European markets ended Tuesday’s session mixed. Crude oil prices fell on renewed Iraqi supply and a stronger US dollar.
The post Wednesday 10 December 2025: Asian Markets Slip Ahead of Key Fed Rate Decision first appeared on IC Markets | Official Blog.
December 10, 2025 12:14 Forexlive Latest News Market News
Markets:
There wasn’t much in terms of market moves to start the day. The main one was silver hitting a fresh record high above $61 but it was fleeting move and it’s now given back most of the gains. What got some of the market’s attention was Trump talking about Biden using autopen to appoint Fed Governors. That’s being taken as a joke and it should be noted that they’re approved by Congress so it’s hardly like undoing an executive order. In any case, it’s another example of how badly Trump wants lower rates.
In China, the CPI headline was in-line but the m/m reading was soft and so was PPI. That’s couple with fresh stimulus talk in China and a report about an RRR cut. It all tees up an interesting 2026 as some recent profit taking has hit Chinese stock markets.
Looking ahead, it’s Fed day but we will also look out for Zelensky’s response to Trump’s peace plan. Optimism is low but you never know.
This article was written by Adam Button at investinglive.com.
December 10, 2025 11:30 Forexlive Latest News Market News
Oil prices have been struggling in part due to hopes for peace. Indications from Trump and Russia were that sanctions relief would come with any deal and that would allow Russian crude to flow more freely.
As for the chances of a deal, they’re low but peace after a long war always seems impossible until it does. These things often tend to move quickly and Trump certainly has ways to lean on Ukraine to give up a large part of its territory forever. On the ground, Russia is inching ahead but Ukraine has little capability to mount any kind of counter-attack. They’re having some success on raising the economic toll on Russia but that’s a tough way to win a war against a country that’s seen surprisingly strong economic growth since the outset of the conflict.
This article was written by Adam Button at investinglive.com.
December 10, 2025 09:39 Forexlive Latest News Market News
At what point does some serious worry hit the Japanese debt market? It’s no fun losing money on 10-year notes day after day.
This article was written by Adam Button at investinglive.com.
December 10, 2025 08:39 Forexlive Latest News Market News
This is a step in the right direction but the PPI still shows falling prices and the m/m CPI.
This article was written by Adam Button at investinglive.com.
December 10, 2025 08:14 Forexlive Latest News Market News
Trump may be looking to stack the Fed.
If Trump goes down this path it would be bearish for the US dollar and wildly bullish for precious metals and hard assets. The long end would hate it and there would be a big steepener.
Biden appointed:
Kugler has already resigned and been replaced by Miran.
If Trump were to replace the other three and the chair, he would have enough votes to do whatever he wanted, presuming that Waller, Bowman and Miran continued to back his agenda. It would be the end of Fed independence.
I don’t think the market will take this too seriously but this is floating a major shakeup to monetary policy and it would be an atomic bomb.
Talk like this might lead Powell to stay on as a Governor when his term expires.
This article was written by Adam Button at investinglive.com.
December 10, 2025 07:00 Forexlive Latest News Market News
The pricing on next week’s BOJ decision is 77% for a cut, that’s risen since last week when it was 66%. This number won’t sway any opinions but it highlights inflation pressures well above the historic low prices in Japan.
This article was written by Adam Button at investinglive.com.
December 10, 2025 06:15 Forexlive Latest News Market News
This article was written by Adam Button at investinglive.com.