The major European indices are closing mixed to start the new trading week. A snapshot of the closing levels shows:

• German DAX, +0.11%
• France’s CAC, -0.18%
• UK’s FTSE 100 -0.27%
• Spain’s Ibex, +0.07%
• Italy’s FTSE MIB -0.08%.

As London/European traders come to the conclusion of the trading day, the US major indices are all negative, and near session lows:

• Dow industrial average -149 points or -0.31% at 47805.
• S&P index -22.51 points or -0.33% at 6848.18.
• NASDAQ index -50 points or -0.21% at 23527.

The small-cap Russell 2000 is bucking the trend and trading up 9.73 points or 0.39% at 2531.12.

Some losers today include:

• Netflix (NFLX): 95.73, down 4.50 (-4.49%)

• Boston Scientific (BSX): 93.29, down 4.22 (-4.33%)

• Lululemon Athletica (LULU): 182.34, down 7.67 (-4.04%)

• Intel (INTC): 39.76, down 1.65 (-3.99%)

• Tesla (TSLA): 438.38, down 16.62 (-3.65%)

• Baker Hughes (BKR): 47.60, down 1.60 (-3.25%)

• Fortinet (FTNT): 84.18, down 2.74 (-3.15%)

• Macy’s (M): 22.17, down 0.68 (-2.98%)

• Nike (NKE): 64.15, down 1.71 (-2.59%)

• Intuit (INTU): 656.63, down 17.00 (-2.52%)

• Stryker (SYK): 354.70, down 9.32 (-2.56%)

• Lennar (LEN): 121.16, down 2.75 (-2.22%)

• Airbnb (ABNB): 121.72, down 2.61 (-2.10%)

• Live Nation Entertainment (LYV): 136.42, down 2.91 (-2.09%)

• Palo Alto Networks (PANW): 194.74, down 4.10 (-2.06%)

Some winners today include:

• Paramount Skydance (PSKY): 14.37, up 1.00 (+7.48%)

• Celsius (CELH): 43.68, up 1.62 (+3.85%)

• Robinhood Markets (HOOD): 136.43, up 4.48 (+3.40%)

• Ciena Corp (CIEN): 208.31, up 6.61 (+3.27%)

• Corning (GLW): 88.47, up 2.50 (+2.91%)

• Chewy (CHWY): 34.40, up 0.93 (+2.76%)

• Broadcom (AVGO): 400.90, up 10.67 (+2.73%)

• Micron (MU): 243.43, up 6.21 (+2.62%)

• Strategy (MSTR): 182.71, up 3.73 (+2.08%)

Looking at the US debt market, yields are higher:

• 2-year yield 3.604%, +4.0 basis points
• 5 year yield 3.767%, +5.2 basis points
• 10 year yield 4.181%, +4.3 basis points
• 30 year yield 4.825%, +3.3 basis points

looking at other markets:

• Crude oil is trading down $0.85 at $59.20.
• Gold is trading down $1.50 at $4195.77.
• Silver is trading down $0.33 at $57.95.
• Bitcoin is trading up $42 and $90,441, but is up from Friday’s close of $89,348

This article was written by Greg Michalowski at investinglive.com.

The BLS is reporting that

• It will not publish the October PPI report
• The November report will be published on January 14, 2026
• They will also not produce October 2025 import and export price reports
• The November import export price indices will be published January 15.

The BLS announced earlier that the CPI data for November will be released on December 18, 2025. The October CPI was canceled.

This article was written by Greg Michalowski at investinglive.com.

• According to a filing, the Ellison family (PSKY) and RedBird committed to backstop 100% of the USD 40.7bn equity capital required for the deal.

• The structure with Ellison family eliminates any potential CFIUS (foreign investment) review risk for the proposed WBD transaction.

• If the proposed deal is terminated under certain circumstances, Paramount (PSKY) would pay WBD a USD 5bn termination fee.

• If the deal is terminated under other circumstances, WBD would pay a termination fee of approximately USD 2.9bn.

• Tencent (0700 HK) will no longer participate as a financing partner in the transaction.

• New debt financing agreements were entered into with Bank of America (BAC), Citi (C), and Apollo (APO) for up to USD 54bn in principal.

• Jared Kushner is said to be involved in helping finance the bid for Warner Brothers Discovery (WBD), according to Axios citing a regulatory filing.

• This follows Paramount Skydance’s (PSKY) all-cash tender offer to acquire WBD for USD 30/shr, valuing the transaction at USD 108.4bn.

Pres. Donald Trump has expressed significant reservations about the proposed Netflix–Warner Bros. Discovery deal, saying it “could be a problem” due to the size and market share the combined company would command. While he praised Netflix co-CEO Ted Sarandos as a “fantastic man” and called Netflix a great company, Trump emphasized that the scale of the merger raises real antitrust concerns. He also stated that he intends to be personally involved in the regulatory vetting process, signaling that the deal will face unusually high executive-level scrutiny. Despite his positive comments about the companies themselves, Trump made clear that there is no guarantee the transaction will move forward, underscoring uncertainty around whether such a large consolidation could win approval under his administration. The news that his son-in-law Jared Kushner is involved on the Paramount Skydance deal, of course raises an eyebrow.

This article was written by Greg Michalowski at investinglive.com.

A 7.2 magnitude earthquake is reported off of northern Japan. More specifically off of the coast of Aomori Prefecture.

There are Tsunami warnings for parts of northern Japan with maximum 3 m high tsunami expected after the earthquake

This article was written by Greg Michalowski at investinglive.com.

• Paramount Skydance (PSKY) launched an all-cash tender offer to acquire Warner Bros Discovery (WBD) for $30 per share.

• The proposed deal values WBD at $108.4 billion.

• The offer covers 100% of WBD, including its global networks segment.

• Paramount has taken the offer directly to WBD shareholders.

• Equity financing will be backstopped by the Ellison Family and RedBird Capital, with additional debt fully committed by Bank of America, Citi, and Apollo.

• Paramount argues the Netflix transaction provides WBD shareholders with inferior and uncertain value.

• The offer is not subject to any financing conditions.

• Paramount will submit a premerger notification filing today under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

David Ellison (CEO of Paramount Skydance) is on CNBC touting his offer in relation to Netflix saying that the all-cash is a game changer.

• Says that he believes Pres. Trump is in favor of competitiveness
• if this deal is aloowed to pass it is anticompetitive and horrible for Hollywood
• We believe that what we offer is better for Hollywood and better for the customers
• Absolutely it would be beneficial for Hollywood.
• We will bring 30 movies per year to the big screen

This article was written by Greg Michalowski at investinglive.com.

• RBA preview: Will the central bank switch to a hawkish stance?
• ECB’s Kazimir: I see no reason to change rates in the coming months
• Nifty 50 ends the day lower but rebounds from key support ahead of the close
• Eurozone December Sentix investor confidence -6.2 vs -7.0 expected
• ECB’s Rehn: Sticking to full optionality on rates, full freedom of action
• Market Outlook for the week of 8th – 12th December
• Switzerland November SECO consumer confidence -34 vs -34 expected
• Germany October industrial production +1.8% vs +0.4% m/m expected
• ECB’s Schnabel: Comfortable with bets that next move will be a rate hike
• FX option expiries for 8 December 10am New York cut
• Japanese Finance Minister Katayama: Recently seeing one-side, rapid moves
• What are the main events for today?

It’s been a pretty boring session in terms of data releases and newsflow. The main highlight was a Bloomberg article on ECB’s Schnabel recent remarks in which she said that she was fine with rate hike bets in 2026.

The interview in question was from last week and Schnabel is a known hawk, so it’s not exactly some fresh stuff. Nonetheless, we’ve been seeing the ECB and some other central banks focusing more on upside inflation risks recently. The main 2026 risk for markets could very well be hawkish central banks.

In the markets, the EUR spiked on Schnabel’s remark but gave up the gains pretty quickly. We are now very close to the last FOMC decision of the year, and I wouldn’t be surprised to see some defensive hedging into it given the hawkish risks.

In FX, we haven’t seen notable changes but the CAD remains the strongest currency following the incredibly strong Canadian employment report on Friday. Notably, the JPY continues to weaken despite the incoming BoJ rate hike. The Japanese officials clearly don’t like this price action with the Finance Minister Katayama today lamenting again about “one-sided, rapid moves”.

The positive risk sentiment continues to hold with US equities trading higher in pre-market and bitcoin adding to yesterday’s gains. In the bond market, things are quite different. US yields continue to grind higher and getting closer to the upper bound of the 3-month range. The latest upside might have been in response to the Canadian data as the market might fear the overeasing risk.

This article was written by Giuseppe Dellamotta at investinglive.com.

The post Ex-Dividend 9/12/2025 first appeared on IC Markets | Official Blog.

IC Markets Global – Asia Fundamental Forecast | 08 December 2025

What happened in the U.S. session?

U.S. markets in the overnight New York session traded in a broadly risk‑on tone, with equities edging higher, the dollar firm but off recent peaks, and rate‑cut expectations remaining the dominant macro driver. Price action was driven more by continued digestion of this week’s inflation and sentiment data than by a single blockbuster release, so moves were directional but not explosive.

What does it mean for the Asia Session?

Monday opens quietly with focus on China trade figures and Japan sentiment surveys, setting the tone for the week’s central bank actions, like the RBA and upcoming China CPI on Wednesday. Expect moderate volatility in CNY, JPY, and AUD crosses, with traders eyeing global USD flows ahead of the Fed on Wednesday. Position for data surprises, as recent upbeat export forecasts (e.g., +3.3% YoY) could counter slowdown fears.

The Dollar Index (DXY)

Key news events today

No major news event

What can we expect from DXY today?

The dollar is trading on the back foot into Monday, 8 December 2025, with DXY hovering just under 99 after a steady grind lower over the past month as markets lean toward Fed easing in 2026. Price action is orderly rather than capitulation, with EUR/USD supported near the mid‑1.16s and broader FX positioning cautious ahead of key Fed communication this week.

Central Bank Notes:

• The Federal Open Market Committee (FOMC) voted, by majority, to lower the federal funds rate target range by 25 basis points to 3.75% — 4.00% at its October 28–29, 2025, meeting, marking the second consecutive cut following the 25 basis points reduction in September.
• The Committee maintained its long-term objectives of maximum employment and 2% inflation, noting that the labor market continues to soften, with modest job creation and an unemployment rate edging higher. In comparison, inflation remains above target at around 3.0%.
• Policymakers highlighted ongoing downside risks to economic growth, tempered by signs of resilient economic activity. September’s consumer price index (CPI) came in slightly below expectations at 3.0% year-over-year, easing inflationary pressure but still warranting vigilance amid tariff-driven price effects.
• Economic activity expanded modestly in the third quarter, with GDP growth estimates around 1.0% annualized; however, uncertainty remains elevated amid persistent global trade tensions and the U.S. government shutdown, which is impacting data availability.
• The updated Summary of Economic Projections anticipates an unemployment rate averaging approximately 4.5% for 2025, with headline and core personal consumption expenditures (PCE) inflation projections remaining near 3.0%, indicating a slow easing path ahead.
• The Committee emphasized its flexible, data-dependent approach and underscored that future policy adjustments will be guided by incoming labor market and inflation data. As in prior meetings, there was dissent, including one member advocating a more aggressive 50-basis-point cut.
• The FOMC announced the planned conclusion of its balance sheet reduction (quantitative tightening) program, intending to cease runoff in the near term to maintain market stability. Treasury redemption caps will remain steady at $5 billion per month, and agency mortgage-backed securities caps will remain at $35 billion.
• The next meeting is scheduled for 9 to 10 December 2025.

Next 24 Hours Bias

Medium Bearish 

Gold (XAU)

Key news events today

No major news event

What can we expect from Gold today?

Gold starts Monday, trading above 4,200 per ounce in a bullish but consolidative structure, with intraday projections clustering around a 4,115–4,315 range. The metal is supported by a softer dollar and strong market conviction that the Fed is on the verge of cutting rates, even as traders trim some longs into key US data and next week’s policy decision. Technically, XAUUSD remains in an uptrend but is moving sideways beneath 4,250–4,300 resistance, leaving room for corrective dips within the broader 4,060–4,375 zone that many analysts see as opportunities to re‑enter the prevailing bullish trend.

Next 24 Hours Bias
Medium Bullish

The Australian Dollar (AUD)

Key news events today

No major news event

What can we expect from AUD today?

The Australian dollar is trading with a mildly positive bias into Monday, supported by softer USD sentiment and lingering speculation that the RBA may need to keep policy restrictive for longer, but price action still looks like an extended rally that is vulnerable to corrective pullbacks. Recent AUD/USD trade has been characterised by a steady climb, with the pair rising for multiple consecutive sessions and touching its highest levels since at least October as weaker US data and a softer dollar underpin the move.

Central Bank Notes:

• The Reserve Bank of Australia held its cash rate steady at 3.60% at the November policy meeting, citing persistent inflationary pressures and lingering uncertainties in both domestic and global outlooks. This is the third consecutive pause following the cut in August.​
• Policymakers remain alert to renewed inflation momentum. After a temporary uptick in September’s CPI, trimmed mean inflation for Q3 stands at 3.0%, above the intended 2–3% band. The RBA now anticipates that core inflation will stay above target until at least mid-2026, delaying any hopes of further easing.
• Headline CPI climbed by 3.2% in the year to September 2025, driven by resilient housing (+2.5%) and insurance costs, while discretionary goods inflation is subdued. The transition to monthly CPI reporting from November will improve the accuracy of inflation tracking.​
• Domestic demand remains firm, particularly in services and housing, while manufacturing and discretionary retail continue to lag. Household incomes have stabilized, but high borrowing costs and elevated rents are constraining consumption and risking a slowdown in Q1 2026.
• Labor market tightness persists, though job growth has moderated. Underutilization edged higher. Wage growth is plateauing, but weak productivity is keeping unit labor costs elevated—a medium-term risk that remains central to the Board’s narrative.
• The RBA highlights geopolitical tensions and volatile commodity markets as primary global risks, against a backdrop of modest upward revisions to world growth forecasts. The Board stresses that its stance remains “cautious and data-dependent,” with ongoing vigilance on inflation, labor, and spending trends.
• Monetary policy remains mildly restrictive, balancing progress on price stability against vulnerabilities in household demand and global outlook. Board communications reaffirm a dual mandate: price stability and full employment, while underscoring readiness to respond should risks materialize sharply.
• Analysts generally expect the cash rate to remain at current levels through early 2026, with only modest cuts possible later in the year if inflation moderates. The new monthly CPI release (first full edition Nov 2025) will be watched closely for timely signals on price trends.
• The next meeting is on 9 December 2025.

Next 24 Hours Bias

Medium Bullish

The Kiwi Dollar (NZD)

Key news events today

No major news event

What can we expect from NZD today?

NZD starts the week with a mildly constructive tone after holding above recent lows, but it remains constrained by a still‑stronger US dollar backdrop and a firmly established broader downtrend. With no major New Zealand releases on Monday itself, intraday direction is likely to follow USD moves, global risk appetite, and any surprises from Chinese data, while markets position for later‑week NZ indicators and further guidance on the post‑cut RBNZ path.

Central Bank Notes:

• The Monetary Policy Committee (MPC) left the Official Cash Rate (OCR) unchanged at 2.25% at its 26 November 2025 meeting, following the widely anticipated 25-basis-point reduction from 2.50%, and signaled that policy is now firmly in stimulatory territory while keeping the option of further easing on the table if needed.
• The decision was again reached by consensus, with members judging that the cumulative 325 basis points of easing over the past year warranted a period of assessment, even as several emphasized a willingness to cut further should incoming data point to a more protracted downturn or renewed disinflationary pressures.
• Headline consumer price inflation is projected to hover near 3% in late 2025 before gradually easing toward the 2% midpoint of the 1–3% target band through 2026, supported by contained inflation expectations around 2.3% over the two-year horizon and an expected pickup in spare capacity.
• The MPC noted that domestic demand remains subdued but shows tentative signs of stabilisation, with softer household spending and construction only partially offset by improving services activity; nevertheless, policymakers still expect services inflation to ease as wage growth moderates and the labour market loosens further over the coming year.
• Financial conditions continue to ease as wholesale and retail borrowing rates reprice to the lower OCR, contributing to gradually rising mortgage approvals and improving housing-related sentiment, although broader business credit growth remains patchy and sensitive to uncertainty about the durability of the recovery.
• Recent data confirm that GDP momentum is weak but not deteriorating as sharply as earlier in 2025, with high-frequency indicators pointing to a shallow recovery from a low base and ongoing headwinds from elevated living costs and fragile confidence weighing on discretionary consumption and investment.
• The MPC reiterated that external risks remain skewed to the downside, particularly from softer Chinese demand and uncertainty around United States trade policy, but noted that a lower New Zealand dollar continues to provide some offset via improved export competitiveness and support for tradables inflation.
• Looking ahead to early 2026, the Committee maintained a mild easing bias, indicating that a further cut toward 2.00–2.10% cannot be ruled out if activity fails to gain traction or if inflation undershoots projections, but current forecasts envisage the OCR remaining near 2.25% for an extended period provided inflation converges toward target and the recovery proceeds broadly as expected.
• The next meeting is on 18 February 2026.

Next 24 Hours Bias

Medium Bullish

The Japanese Yen (JPY)

Key news events today

No major news event

What can we expect from JPY today?

The Japanese yen is trading firmer going into Monday, as markets price in a high probability of a Bank of Japan rate hike on 19 December and continue to unwind carry trades built on Japan’s former near‑zero rate regime. USD/JPY has retreated from recent highs around the mid‑155 area after a sharp multi‑month rally, with several analysts treating the latest pullback as evidence that a potential 2025 top may already be in place.

Central Bank Notes:

• The Policy Board of the Bank of Japan met on 30–31 October and, by a clear majority vote, decided to maintain its key monetary policy approach for the upcoming period.
• The BOJ will continue to encourage the uncollateralized overnight call rate to remain at around 0.5%, in line with the prior stance.
• The gradual quarterly reduction in monthly outright purchases of Japanese Government Bonds (JGBs) remains intact, with amounts unchanged from the previous schedule. Purchases are set to decrease by about ¥400 billion per quarter through March 2026, shifting to about ¥200 billion per quarter from April to June 2026, and targeting a ¥2 trillion purchase level for Q1 2027. The bank reaffirmed its intention to maintain flexibility, with readiness to respond if market conditions warrant an adjustment.
• Japan’s economy continues to show moderate recovery, primarily led by solid capital expenditures, although export growth and corporate activity remain restrained by external demand uncertainty and the ongoing effects of U.S. trade policies.
• Annual headline inflation (excluding fresh food) accelerated to 2.9% year-on-year in September, marking the first uptick in four months and staying above the BOJ’s 2% target. Broad-based inflation persists, with food and energy cost pressures, but wage growth continues to support household consumption. Input cost pressures from the earlier surge in imports eased slightly.
• Short-term inflation momentum could moderate as food-price hikes ease, though rent, healthcare, and service-sector price increases tied to labor shortages provide support. Firms and households maintain a gradual upward drift in inflation expectations.
• For the near term, BOJ projects growth below trend as external demand stays subdued and corporate investment plans remain cautious. Still, accommodative financial conditions and steady gains in real labor income will underpin domestic consumption.
• Over the medium term, as overseas economies recover and trade conditions normalize, Japan’s growth potential should improve. Persistent labor market tightness, higher wage settlements, and rising medium- to long-term inflation expectations are expected to keep core inflation on a gradual upward trajectory, converging toward the 2% price stability target later in the forecast horizon.
• The next meeting is scheduled for 18 to 19 December 2025.

Next 24 Hours Bias

Medium Bearish

Oil

Key news events today

No major news event

What can we expect from Oil today?

Oil is trading near recent two‑week highs, with WTI around 60 USD and Brent around 63–64 USD per barrel going into Monday, 8 December 2025, supported by geopolitical risks but capped by a persistent oversupply narrative. The overall tone is still bearish medium term, with analysts warning that a growing glut of crude on the water could pressure prices back toward the mid‑50s for WTI if demand disappoints.

Next 24 Hours Bias
Medium Bullish

The post IC Markets Global – Asia Fundamental Forecast | 08 December 2025 first appeared on IC Markets | Official Blog.

US Stocks Push Higher into Weekend – Nasdaq up 0.3%

US markets closed the week on a slightly firmer footing, with all three major indices posting modest gains on Friday after key inflation data came in line with expectations. The Dow added 0.22% to finish at 47,954, the S&P 500 edged up 0.19% to 6,870, and the Nasdaq rose 0.31% to 23,578. The USD Index slipped 0.07% to 98.99, while Treasury yields pushed higher, with the 2-year rising 3.8 bps to 3.560% and the 10-year up 3.7 bps at 4.135%, despite markets maintaining a firm view that the Federal Reserve will cut rates this week. Oil extended its recent advance, with Brent climbing 0.77% to $63.75 and WTI up 0.69% at $60.08 a barrel, supported by expectations of easier Fed policy and ongoing geopolitical concerns involving Russia and Venezuela. Gold ended the session lower, slipping 0.24% to $4,197.78 after an early-session spike as high as $4,250 faded swiftly.

Central Banks in Focus This Week

Central banks are a huge focus for traders this week, with four key developed nations set to update the market on interest rates. The Reserve Bank of Australia, the Bank of Canada, the Federal Reserve Bank and the Swiss National Bank are all due to announce rate decisions in the coming days. The RBA, the BOC and the SNB are all expected to keep rates on hold, whilst the Fed is strongly priced in for a 25-basis-point rate cut. Even if all does go according to plan in terms of actual rate plays, forward guidance from all four central bank committees is likely to lead to plenty of volatility in markets. We have seen sharp changes in rate move expectations for central banks in recent months as data continues to test markets, and each of this week’s banks have their own unique challenges, which should lead to strong trading opportunities around the rate update events.

Quiet Start to a Huge Week Ahead for Market

The week begins quietly with very little scheduled on today’s macroeconomic calendar. However, activity will accelerate rapidly in the coming days, with multiple central bank decisions and key data releases set to shape market direction as the week progresses. There was very little in terms of geopolitical updates over the weekend to spur markets one way or the other, and we have seen a relatively quiet start to the trading week today. In the Asian session, there is a big data dump due out of Japan today, with final GDP numbers coming out alongside the current account figures, but these are expected to have little impact. The London session also has little on the calendar, although traders will note that Italian markets are on holiday today. It’s similarly quiet in the New York session today as well—very much the calm before the storm later in the week—although sterling traders will pay attention to MPC members Taylor and Lombardelli when they speak later in the day.

The post General Market Analysis – 8/12/25 first appeared on IC Markets | Official Blog.

Global Markets:

•  Asian Stock Markets : Nikkei down -0.17%, Shanghai Composite up 0.62%, Hang Seng down -1.12% ASX down -0.31%
• Commodities : Gold at $4,238.90 (-0.12%), Silver at $58.485 (-0.96%), Brent Oil at $63.85 (0.14%), WTI Oil at $60.18 (0.18%)
• Rates : US 10-year yield at 4.139, UK 10-year yield at 4.4790, Germany 10-year yield at 2.8001

News & Data:

• (CAD) Employment Change  53.6K  to -1.5K expected
• (CAD) Unemployment Rate  6.5%  to 7.0% expected

Markets Update:

Asian stock markets traded mixed on Monday, despite positive cues from Wall Street, as investors remained cautious ahead of the U.S. Federal Reserve’s policy decision later this week. Traders are optimistic about the possibility of an interest rate cut, while awaiting commentary from Fed officials for signals on the outlook for 2026.

In Australia, shares slipped modestly, reversing Friday’s gains, with the S&P/ASX 200 staying below 8,650. Weakness in gold miners and energy stocks weighed on sentiment, while tech shares also declined. Traders are watching the Reserve Bank of Australia’s meeting on Tuesday, with the central bank expected to hold rates steady after three cuts this year.Major miners and oil stocks traded mostly lower, while banks showed mixed performance.

Japan’s market also edged lower, extending Friday’s losses as the Nikkei fell below 50,450. Losses in financials and technology stocks were partially offset by gains in exporters and automakers. Economic data showed Japan’s GDP contracted 0.6 percent in the third quarter, missing estimates, with annualized growth declining 2.3 percent.Capital expenditure and external demand weakened, while bank lending rose 4.2 percent year-on-year in November.

Other Asian markets were mixed, with modest gains in New Zealand, China, Taiwan and Indonesia, and losses in Hong Kong, Singapore, South Korea and Malaysia. On Wall Street, stocks closed higher on Friday, while European markets ended mixed. Crude oil prices also inched higher on geopolitical tensions.

Upcoming Events:

• 11:30 AM GMT – EUR Sentix Investor Confidence

The post Monday 8th December 2025: Asian Markets Mixed Ahead of Major Central Bank Decisions first appeared on IC Markets | Official Blog.

DXY (U.S. Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 98.62

Supporting reasons: Identified as an overlap support that aligns with the 38.2% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.

1st support: 97.18

Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.

1st resistance: 100.39
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement

EUR/USD:

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: 1.1654

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: 1.1480

Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.

1st resistance: 1.1807

Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

EUR/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance. Also, the price is moving within a bullish channel

Pivot: 177.85

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 175.37
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 182.48
Supporting reasons: Identified as a resistance that is supported by the 100% Fibonacci projection, indicating a potential level that could cap further upward movement.

EUR/GBP:

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: 0.8744

Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement

1st support: 0.8607
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8867
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

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: 1.3394

Supporting reasons: Identified as an overlap resistance that aligns with the 50Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement

1st support: 1.3189
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3585
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could halt further upward movement.

GBP/JPY:

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: 204.58

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 200.61
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 209.14
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level that could halt further upward movement.

USD/CHF:

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: 0.7875

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 0.7739
Supporting reasons: Identified as a support that is supported by the 161.8% Fibonacci extension, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8084
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 154.41

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 151.03

Supporting reasons: Identified as a pullback support, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 158.33

Supporting reasons: Identified as an overlap resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure

USD/CAD:

Potential Direction: Bearish                                                                                                                                                                                            

Overall momentum of the chart: Bearish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 1.3916

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 1.3761

Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4107

Supporting reasons: Identified as a multi swing high resistance, making it a possible target for bullish advances and a level where some sellers could return to cap gains

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 0.6538

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 0.6404

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: 0.6681

Supporting reasons: Identified as a swing high resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 0.5682

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 0.5584

Supporting reasons: Identified as a swing low support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.5838

Supporting reasons: Identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 46,841.88

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 45,668.00

Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once again.

1st resistance: 48,377.15

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 23,834.30

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 23,059.30

Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 24,635.40

Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 6,505.98

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 6,141.15

Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 6,900.95

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

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: 94,255.27

Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 80,712.26

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 106,846.29

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

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: 3,203.88

Supporting reasons: Identified as a pullback resistance that aligns closely with the 61.8% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 2,725.92

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 3,681.97
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 62.24

Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.

1st support: 56.51
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 65.75
Supporting reasons: Identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

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: 4,252.68

Supporting reasons: Identified as an overlap resistance that aligns closely with the 78.6% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 4,041.38
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 4,379.38
Supporting reasons: Identified as a swing resistance, indicating a potential area that could halt any further upward movement.

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The post Monday 8th December 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

It is a huge week ahead for financial markets this week, with a packed macroeconomic calendar lined up for traders. Last week saw a strong return of US data after the lengthy government shutdown, and updates have kept expectations high for a Federal Reserve rate cut this week, with investor sentiment remaining positive.

It will not be all about the Fed, however, with several other major central banks due to update the market on interest rates, and some key data releases also out over the coming sessions. US data continues to play catch-up, and we also hear from a plethora of central bankers, so traders are expecting another lively week ahead.

Here is our usual day-by-day breakdown of the major risk events this week:

It’s a quiet start to the calendar week on Monday, with little on the cards to move markets across all three of the trading sessions and little on the geopolitical front over the weekend to spark moves on the Monday open.

Things heat up quickly on Tuesday, with central banks and data coming thick and fast. The focus in the Asian session will be on Australian markets for the latest rate call from the RBA. Later in the day, traders are expecting moves in the Yen when Bank of Japan Governor Kazuo Ueda speaks in London. UK markets will tune in for the BOE’s Monetary Policy Report Hearings before New York opens, and focus turns again to the US job market, with JOLTS Job Openings data due out for both September and October.

It is a huge day for financial markets on Wednesday, with central banks heavily in focus. We hear from new RBNZ Governor Anna Breman early in the Asian session before attention moves north for Chinese PPI and CPI data. The London session sees an update from ECB President Christine Lagarde, but the real action looks set to come after New York opens. The initial focus is north of the border for the Bank of Canada’s rate call, before attention moves swiftly to Washington for the much-anticipated rate decision and update from the Federal Reserve Bank.

Things do not let up on Thursday, with another full calendar day scheduled. Australian markets will be in early focus in the Asian session, with employment data due out midway through the day, before European markets open and we hear the latest rate call from the Swiss National Bank, before focus jumps across the Channel for an update from Bank of England Governor Andrew Bailey. It is a quieter day in the New York session, with just the Weekly Unemployment Claims data due out.

Friday is a much quieter day across all sessions, with the only tier 1 data being the UK GDP numbers early in the European session. However, traders are expecting volatility to remain high given all the updates earlier in the week.

The post The Week Ahead – Week Commencing 08 December 2025 first appeared on IC Markets | Official Blog.