As we near the end of the year, market participants are circling back to their drawing boards, plotting their expectations for 2026. The final batch of data for consideration arrives later this week and we therefore decided to outline it here for convenience.
Tuesday: We kickstart the week with preliminary manufacturing and services PMI updates from Germany, France, the Eurozone as a whole and the United Kingdom. Moving towards the west and more specifically the United States, we note the updated core retail sales figure for the month of October but also possibly, November’s delayed Non-Farm Payrolls data.
Wednesday: We note Japan’s November trade data in the early Asian session, followed by Eurozone’s finalized HICP print for the month of November.
Thursday: Possibly the most data packed day of the week, we highlight the final policy rate decision for 2025 from both the Bank of England and the European Central Bank, alongside the speech from President Lagarde post the interest rate announcement. Not only that, but markets will brace for the latest inflation data from the United States for the month of November, later on in the American session.
Friday: Finally Friday, we close the week with the possibly the event of the outmost importance, which is the Bank of Japan’s interest rate decision for the meeting of December, followed by the speech from Governor Ueda. Across the West, traders will then grapple with the UK’s retail sales, but also the US latest Core PCE reading for the month of October.
Technical Analysis
EURUSD Chart – Euro gains ground against the beaten down greenback, climbs to 5-week highs
Resistance: 1.1770 (R1), 1.1870 (R2), 1.1970 (R3)
Support: 1.1630 (S1), 1.1500 (S2), 1.1400 (S3)
