Following last week’s carnage in US equity markets, the unveiling of September’s delayed NFP print, the repositioning of money market participants for the Fed’s upcoming decision, Nvidia’s blowout earnings report and preliminary Russia-Ukraine peace negotiations, investors look ahead and brace for a relatively quiet week of financial and economic releases, in hopes of calibrating their models as efficiently as possible.

Today Monday, of particular importance for Euro traders will be the speech from ECB’s President Lagarde and whether the US stock market selloff will come to an end.

Tuesday: Investors will be looking closely for the finalized GDP print for the 3rd quarter of 2025 from Germany and from the United States attention will gravitate towards a flurry of economic updates on the consumer spending, employment and confidence. Namely, markets will receive data for September’s Retail Sales activity alongside Producers Prices (PPI), the weekly ADP employment change but also the latest CB consumer confidence indicator for November. As for earnings releases investors seek out updates from Alibaba, Dell, HP, Best Buy and Analog Devices.

Wednesday: We note early in the Asian session the Reserve Bank of New Zealand’s interest rate decision alongside the BoJ Core CPI print and from the United States the preliminary Durable Goods orders and the quarterly GDP update for the third quarter. The most important piece of data is expected to be however, the Federal Reserve’s favourite inflation metric, the Core PCE index for September.

Thursday: A rather slow day from the standpoint of economic releases, yet markets will be on edge as the United Kingdom’s Chancelor of Exchequer, Rachel Reeves will unveil the Autumn Budget, which may destabilise gilts, the Pound and the FTSE 100.

Friday: Finally Friday, market participants will come face to face with the preliminary GDP prints from Eurozone’s two largest economies, Germany and France and from the Americas, investors await Canada’s respective GDP update for the 3rd quarter of 2025.

Technical Analysis

EURUSD Chart – The Euro extends pullback as pressure from a stronger greenback intensifies

Resistance: 1.1650 (R1), 1.1740 (R2), 1.1830 (R3)
Support: 1.1470 (S1), 1.1400 (S2), 1.1290 (S3)