EURUSD Outlook EUR/USD is likely to remain defensive in the near term as markets await clarity from US labor and inflation data, as well as the ECB’s policy stance. While the USD’s rebound has slowed euro gains, expectations of future Fed rate cuts may continue to limit downside pressure. With multiple high-impact events on the horizon, volatility is expected to pick up, and traders should prepare for sharp intraday swings as fresh data reshapes the macro narrative.

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USD Stabilizes Ahead of NFP and CPI The USD’s stabilization comes after a period of broad weakness following the Federal Reserve’s latest policy decision. Although the Fed delivered a dovish tone and markets continue to price in rate cuts for next year, traders are now awaiting fresh confirmation from upcoming US data releases. The delayed US Nonfarm Payrolls (NFP) and Consumer Price Index (CPI) reports are expected to provide clearer direction for the USD and, by extension, EUR/USD. Market participants anticipate heightened volatility as these data points will influence expectations for the Fed’s 2026 policy path. Analysts note that despite the USD’s rebound, the broader trend remains fragile, and incoming data could determine whether the currency resumes its decline or extends its recovery. #gold# #Fed# #euro# #USDollarIndex#

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What is a Shooting Star? 🐻 It’s a bearish reversal candlestick pattern that forms after an uptrend, signaling a potential price reversal. 🕯 The long upper wick shows buyers couldn’t sustain the higher prices, paving the way for sellers to take control. 🟠Key Features: 🔢 Small body, long upper wick 🔢 Appears at the end of an uptrend 🔢 Signals potential downward movement Courtesy: FBS

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U.S. stock futures rise ahead of the open amid weak labor market data. 🟢U.S. economy loses 105,000 jobs in October as unemployment rises to 4.6%. 🟢U.S. adds 64,000 jobs in November, above market expectations.

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