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Recent Posts
๐ฅ [NEW VIDEO] THE WEEK AHEAD
Rate calls, policy speeches, and heavyweight data are lining up to rattle markets.
With FXTMโs USDInd down over 9% year-to-date, the stakes are high into next weekโs catalysts.
๐ In this video:
๐US NFP โ Tuesday: Octoberโs missing pieces filter in and a soft print could boost 2026 cut bets.
๐งพUS CPI โ Thursday: Cooling or sticky? Inflation tone that may reshape the Fed path.
๐ช๐บECB Meeting โ Thursday: Policy hints that could swing the euro, and by extension, the USDInd.
๐Technicals: Pressure zones and key levels on watch -100.00, 99.00, 98.00, 96.50.
๐ฏ Does the dollar extend its slide, or do surprises flip the script?
#FXTM#TheWeekAhead#USDInd#USD#NFP#CPI#ECB#EURUSD#MarketOutlook#TechnicalAnalysis#TradingOpportunities
๐ฒ Watch the full breakdown, only on FXTMโs official Telegram. ๐
Rate calls, policy speeches, and heavyweight data are lining up to rattle markets.
With FXTMโs USDInd down over 9% year-to-date, the stakes are high into next weekโs catalysts.
๐ In this video:
๐US NFP โ Tuesday: Octoberโs missing pieces filter in and a soft print could boost 2026 cut bets.
๐งพUS CPI โ Thursday: Cooling or sticky? Inflation tone that may reshape the Fed path.
๐ช๐บECB Meeting โ Thursday: Policy hints that could swing the euro, and by extension, the USDInd.
๐Technicals: Pressure zones and key levels on watch -100.00, 99.00, 98.00, 96.50.
๐ฏ Does the dollar extend its slide, or do surprises flip the script?
#FXTM#TheWeekAhead#USDInd#USD#NFP#CPI#ECB#EURUSD#MarketOutlook#TechnicalAnalysis#TradingOpportunities
๐ฒ Watch the full breakdown, only on FXTMโs official Telegram. ๐
๐คFor traders, understanding volatility is everything. Itโs the difference between seeing price swings as chaos โ or spotting opportunity where others see risk.
In this guide, we break down market volatility into clear, practical insights you can actually use.
โ๏ธComment "VOLATILITY" to get the link to a free FXTM guide!
#FXTM#trading#education#free#forex#guide
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๐ While everyoneโs chasing hype, TRON keeps moving billions daily. It doesnโt trend; it transacts.
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๐งก Trade TRX CFDs with FXTM today ๐https://fxtm.onelink.me/6pXJ/osjr65es
๐ While everyoneโs chasing hype, TRON keeps moving billions daily. It doesnโt trend; it transacts.
Harness volatility from one of the busiest blockchain networks. Access leverage, competitive pricing, and flexible trading strategies.
๐บ๐ธUS500 โ All Eyes on the Fed Today
The broader U.S. market is holding steady ahead of the Fed decision.
Unlike the tech-heavy NAS100, the US500 captures banks, energy, healthcare, industrials and more โ meaning the reaction could be more balanced across sectors.
A softer Fed tone โ usually lifts most sectors.
A tougher Fed tone โ tends to pressure the entire index.
๐ What to Expect
No rate hike is expected.
The big driver = Fed outlook for 2026 and beyond.
๐ฅPOTENTIAL OUTCOMES
Neutral:
No change + โWeโll see how incoming data evolves.โ
โ US500 may stay range-bound.
Dovish:
โWe expect more cuts next year.โ
โ US500 could grind higher toward fresh highs.
Hawkish:
โInflation hasnโt eased enough.โ
โ US500 may slip modestly as yields rise.
๐ KEY LEVELS
Support: 50-day MA
Resistance: 6,929 (all-time high)
The broader U.S. market is holding steady ahead of the Fed decision.
Unlike the tech-heavy NAS100, the US500 captures banks, energy, healthcare, industrials and more โ meaning the reaction could be more balanced across sectors.
A softer Fed tone โ usually lifts most sectors.
A tougher Fed tone โ tends to pressure the entire index.
No rate hike is expected.
The big driver = Fed outlook for 2026 and beyond.
๐ฅPOTENTIAL OUTCOMES
Neutral:
No change + โWeโll see how incoming data evolves.โ
โ US500 may stay range-bound.
Dovish:
โWe expect more cuts next year.โ
โ US500 could grind higher toward fresh highs.
Hawkish:
โInflation hasnโt eased enough.โ
โ US500 may slip modestly as yields rise.
Support: 50-day MA
Resistance: 6,929 (all-time high)
๐NAS100 โ Fed Decision Could Set the Next Big Move
Tech stocks have been resilient, but the NAS100 reacts fast to changes in interest-rate expectations.
If the Fed signals easier policy ahead โ bullish for tech.
If the Fed sounds cautious or inflation-focused โ yields may rise, pressuring the index.
๐ What to Expect Today
The Fed is widely expected to hold rates steady.
The real market driver will be:
โข The tone of the press conference
โข Updated rate projections
๐นDovish Fed โ NAS100 bullish
๐นHawkish Fed โ NAS100 bearish
๐ฅPOTENTIAL OUTCOMES
Neutral:
โWeโre waiting for more data.โ
โ NAS100 likely stays range-bound.
Dovish:
โMore cuts are likely next year.โ
โ NAS100 may push higher toward new highs.
Hawkish:
โInflation remains a concern.โ
โ NAS100 may pull back as yields firm.
๐ KEY LEVELS
Support: 50-day MA
Resistance: 26,289 (all-time high)
Tech stocks have been resilient, but the NAS100 reacts fast to changes in interest-rate expectations.
If the Fed signals easier policy ahead โ bullish for tech.
If the Fed sounds cautious or inflation-focused โ yields may rise, pressuring the index.
The Fed is widely expected to hold rates steady.
The real market driver will be:
โข The tone of the press conference
โข Updated rate projections
๐นDovish Fed โ NAS100 bullish
๐นHawkish Fed โ NAS100 bearish
๐ฅPOTENTIAL OUTCOMES
Neutral:
โWeโre waiting for more data.โ
โ NAS100 likely stays range-bound.
Dovish:
โMore cuts are likely next year.โ
โ NAS100 may push higher toward new highs.
Hawkish:
โInflation remains a concern.โ
โ NAS100 may pull back as yields firm.
Support: 50-day MA
Resistance: 26,289 (all-time high)
USDCAD: FedโBoC Showdown Puts the Loonie in Play
The Canadian dollar has firmed in recent sessions, helped by rising oil prices and steady domestic data, keeping USD/CAD under pressure.
Now, both the Fed and the Bank of Canada deliver rate decisions on the same day โ a rare double-event that could ignite major volatility.
The USD remains highly sensitive to Fed guidance, while CAD will respond to both BoC policy signals and broader risk sentiment.
๐ When?
Bank of Canada Decision: Wed, Dec 10 @ 14:45 GMT
Federal Reserve Decision & Projections: Wed, Dec 10 @ 19:00 GMT / 23:00 GST
๐ Market Expectations
๐บ๐ธFederal Reserve
โข 25 bp cut expected โ new range 3.50%โ3.75%
โข Probability: mid-to-high 90%
๐จ๐ฆBank of Canada
โข Expected to hold at 2.25%
โข Probability of no change: ~90โ93%, reflecting steady inflation (2.5%) and resilient growth
๐USDCAD expected move:
+0.1% / โ0.2% within 6 hours of the BoC announcement.
๐ฅWHAT COULD MOVE USD/CAD?
CAD Bullish Scenario:
A dovish Fed (hinting at deeper 2026 cuts) + a steady or firm BoC stance โ USD weakens, CAD strengthens.
โ USD/CAD could fall 0.5%โ1.2%
CAD Bearish Scenario:
A hawkish Fed (fewer cuts, inflation concerns) + a dovish BoC โ USD strengthens.
โ USD/CAD could rise 0.5%โ1.0%
Neutral Scenario:
Fed + BoC outcomes align with expectations โ USD/CAD stays range-bound within 0.3%โ0.6%
๐ POTENTIAL SCENARIOS (Technical Outlook)
BULLISH for CAD (USD/CAD lower):
โข Fed turns clearly dovish
โข USD/CAD may test the Sept 17 swing low at 1.37263
โข A break below opens the path to June 16 low at 1.35397
BEARISH for CAD (USD/CAD higher):
โข Hawkish Fed or softer BoC tone
โข USD/CAD could climb above the 200-day SMA (1.3906)
โข Momentum may extend toward 1.4000 (50-day SMA)
The Canadian dollar has firmed in recent sessions, helped by rising oil prices and steady domestic data, keeping USD/CAD under pressure.
Now, both the Fed and the Bank of Canada deliver rate decisions on the same day โ a rare double-event that could ignite major volatility.
The USD remains highly sensitive to Fed guidance, while CAD will respond to both BoC policy signals and broader risk sentiment.
Bank of Canada Decision: Wed, Dec 10 @ 14:45 GMT
Federal Reserve Decision & Projections: Wed, Dec 10 @ 19:00 GMT / 23:00 GST
๐บ๐ธFederal Reserve
โข 25 bp cut expected โ new range 3.50%โ3.75%
โข Probability: mid-to-high 90%
๐จ๐ฆBank of Canada
โข Expected to hold at 2.25%
โข Probability of no change: ~90โ93%, reflecting steady inflation (2.5%) and resilient growth
๐USDCAD expected move:
+0.1% / โ0.2% within 6 hours of the BoC announcement.
๐ฅWHAT COULD MOVE USD/CAD?
CAD Bullish Scenario:
A dovish Fed (hinting at deeper 2026 cuts) + a steady or firm BoC stance โ USD weakens, CAD strengthens.
โ USD/CAD could fall 0.5%โ1.2%
CAD Bearish Scenario:
A hawkish Fed (fewer cuts, inflation concerns) + a dovish BoC โ USD strengthens.
โ USD/CAD could rise 0.5%โ1.0%
Neutral Scenario:
Fed + BoC outcomes align with expectations โ USD/CAD stays range-bound within 0.3%โ0.6%
BULLISH for CAD (USD/CAD lower):
โข Fed turns clearly dovish
โข USD/CAD may test the Sept 17 swing low at 1.37263
โข A break below opens the path to June 16 low at 1.35397
BEARISH for CAD (USD/CAD higher):
โข Hawkish Fed or softer BoC tone
โข USD/CAD could climb above the 200-day SMA (1.3906)
โข Momentum may extend toward 1.4000 (50-day SMA)
๐บ๐ธUS500 โ Markets Hold Their Breath Ahead of the Fed
The US500 has been moving sideways as traders await Wednesdayโs Fed rate decision, one of the last major catalysts of 2025.
A dovish outcome is almost fully priced in, but the real market driver will be Powellโs guidance for 2026.
According to Bloomberg, markets assign a 99% probability of a 25 bp cut as inflation cools and the labour market softensโwithout collapsing.
๐ When?
Fed Decision & Projections: Wed, Dec 10@ 19:00 GMT / 23:00 GST
๐Expected:
Cut of 25 bps, lowering the target range to 3.50%โ3.75%
๐ US500 expected move: +1.3% / โ1.3% in the 6 hours post-decision.
๐ฅWHAT COULD MOVE US500?
BULLISH SCENARIO:
Fed cuts rates and signals more easing in 2026 โ risk appetite surges.
US500 could gain 2โ4%, breaking to new all-time highs and pushing beyond the 7000 psychological level.
NEUTRAL SCENARIO:
Fed cuts as expected but offers cautious guidanceโhinting at a possible pause early 2026.
US500 may trade sideways within a 1โ2% range, consolidating recent gains.
BEARISH SCENARIO:
A hawkish surprise (rate hold or fewer future cuts) โ volatility spikes.
US500 may drop 2โ5%, falling below its 21- and 50-day MAs, and potentially revisiting the October 10 price-gap around 6512.5.
The US500 has been moving sideways as traders await Wednesdayโs Fed rate decision, one of the last major catalysts of 2025.
A dovish outcome is almost fully priced in, but the real market driver will be Powellโs guidance for 2026.
According to Bloomberg, markets assign a 99% probability of a 25 bp cut as inflation cools and the labour market softensโwithout collapsing.
Fed Decision & Projections: Wed, Dec 10@ 19:00 GMT / 23:00 GST
๐Expected:
Cut of 25 bps, lowering the target range to 3.50%โ3.75%
๐ US500 expected move: +1.3% / โ1.3% in the 6 hours post-decision.
๐ฅWHAT COULD MOVE US500?
BULLISH SCENARIO:
Fed cuts rates and signals more easing in 2026 โ risk appetite surges.
US500 could gain 2โ4%, breaking to new all-time highs and pushing beyond the 7000 psychological level.
NEUTRAL SCENARIO:
Fed cuts as expected but offers cautious guidanceโhinting at a possible pause early 2026.
US500 may trade sideways within a 1โ2% range, consolidating recent gains.
BEARISH SCENARIO:
A hawkish surprise (rate hold or fewer future cuts) โ volatility spikes.
US500 may drop 2โ5%, falling below its 21- and 50-day MAs, and potentially revisiting the October 10 price-gap around 6512.5.
DID YOU KNOWโฆ
FXTMโs AU200 is hovering near a breakout zone, with support at 8560 and resistance at 8650.
(AU200 tracks the S&P/ASX 200 โ Australiaโs top 200 listed companies.)
๐ฅWHAT COULD MOVE AU200 THIS WEEK?
The RBA is widely expected to hold rates at 3.6%, but traders will be hunting for clues on whether cuts may arrive in early 2026.
Traders currently price a 0% chance of a December rate cut.
Beyond Tuesday, Thursdayโs employment data could add another layer of volatility.
BULLISH:
If the RBA hints at a rate cut in Q1 2026, AU200 may break above 8650, eyeing the next psychological zone near the 50-day SMA around 8800.
BEARISH:
If the RBA signals no rush to ease policy in 2026, AU200 may slip below 8560, exposing the 200-day SMA at 8520, and potentially 8400.
DID YOU KNOWโฆ
This weekโs Fed decision could set the tone for the entire gold market as we move deeper into December.
XAUUSD remains trapped inside a tight range, with support at $4165 and resistance at $4240.
๐ฅTHE LOWDOWN
The Fed is widely expected to cut rates by 25bps on Wednesday.
But the real market movers will be:
โข Updated economic projections
โข The new dot plot
โข Powellโs press conference
A subtle shift in tone could be enough to jolt gold sharply in either direction.
๐POTENTIAL IMPACT
Dovish tilt:
โ Weaker dollar
โ Gold & silver may push higher
Hawkish tilt:
โ Stronger dollar
โ Gold may face headwinds
๐OTHER FORCES AT PLAY
๐บ๐ฆUkraine peace talks
Trump signaled Zelenskyy is not ready to accept the U.S.-backed proposal.
Renewed geopolitical uncertainty could keep demand for safe havens elevated.
๐ฆCentral bank gold buying
China increased its gold reserves for the 13th straight month, reinforcing long-term demand.
๐ Traders currently price a 92% chance of a December Fed cut.
BULLISH:
A breakout above $4240 could fuel a rally toward $4300 and $4308.71 (Bloomberg FX model upper limit).
BEARISH:
A drop below $4200 opens the path toward $4165 and $4118.41 (model lower limit).
๐ฅ [NEW VIDEO] THE WEEK AHEAD
The Fed rate decision could be Q4โs biggest catalyst. And while a December cut looks likely, the 2026 path is wide open.
๐ In this video:
๐ฆFed decision preview: Incomplete data and a split committee.
๐ Dot plot signals: New projections could shape 2026 cuts.
๐ชMarket impact map: USD scenarios, Equities, Gold, and Bitcoin.
โก๏ธVolatility watch: RUS2000, NAS100, and BTC primed for ยฑ1.5% post-decision moves.
๐ฏ Dovish lift or hawkish hit? Which way do risk assets break first?
#FXTM#TheWeekAhead#Fed#FOMC#RateDecision#DotPlot#USD#Gold#Silver#Bitcoin#NAS100#RUS2000#MarketOutlook#TradingOpportunities
๐ฒ Watch the full breakdown, only on FXTMโs official Telegram. ๐
The Fed rate decision could be Q4โs biggest catalyst. And while a December cut looks likely, the 2026 path is wide open.
๐ In this video:
๐ฆFed decision preview: Incomplete data and a split committee.
๐ Dot plot signals: New projections could shape 2026 cuts.
๐ชMarket impact map: USD scenarios, Equities, Gold, and Bitcoin.
โก๏ธVolatility watch: RUS2000, NAS100, and BTC primed for ยฑ1.5% post-decision moves.
๐ฏ Dovish lift or hawkish hit? Which way do risk assets break first?
#FXTM#TheWeekAhead#Fed#FOMC#RateDecision#DotPlot#USD#Gold#Silver#Bitcoin#NAS100#RUS2000#MarketOutlook#TradingOpportunities
๐ฒ Watch the full breakdown, only on FXTMโs official Telegram. ๐
USDCAD is holding steady this week as traders brace for a two-part data combo:
โข U.S. Initial Jobless Claims
โข Canadaโs Ivey PMI (seasonally adjusted)
The U.S. labor market remains firm with claims near 216K, while Canadaโs latest Ivey PMI at 52.4 signals softer-but-still-expanding business activity.
Both prints on Thursday could spark fresh volatility.
Thu, Dec 4 @ 13:30 GMT โ U.S. Jobless Claims
Thu, Dec 4 @ 15:00 GMT โ Canada Ivey PMI (s.a.)
๐Expectations:
โข U.S. Claims: ~220K
โข Canada Ivey PMI: ~52โ53
๐ฅWHAT COULD MOVE USDCAD?
๐CAD Strength (USDCAD lower):
โข Higher U.S. claims (โฅ230K) โ cooling labor โ softer USD
โข AND a strong Canada PMI (โฅ55) โ stronger CAD
๐USD Strength (USDCAD higher):
โข Lower U.S. claims (โค215K) โ solid labor โ firmer USD
โข AND a weak Canada PMI (โค50) โ softer CAD
โ๏ธRange-Bound:
โข Claims ~220K + PMI ~52โ53 โ neutral outcome
Support: 1.39350
Resistance: 1.40115
๐NAS100: U.S. INITIAL JOBLESS CLAIMS (Thu, Dec 4)
Initial jobless claims remain one of the most closely watched weekly indicators as markets fine-tune expectations for the Fedโs next moves.
The latest print came in around 216K, slightly below last weekโs 222K, and consensus sees this week near 220K.
For the NAS100, the logic is simple:
Cooling labor โ more rate-cut bets โ tech supported.
Stronger labor โ fewer cuts โ yields rise โ tech pressured.
๐ When?
Thu, Dec 4 @ 13:30 GMT
๐Expected: ~220K
๐ฅWHAT COULD MOVE NAS100?
๐Claims lower than expected (โค215K)
โ Labor looks firm
โ Fed cuts look less urgent
โ NAS100 may see mild downside
โ๏ธClaims near 220K
โ Balanced signal
โ Range-bound trading
๐Claims higher (โฅ230K)
โ Cooling labor
โ Boosts rate-cut bets
โ NAS100 may edge higher
๐ KEY LEVELS (NAS100)
Support: 50-day MA
Resistance: 25,814.9
Initial jobless claims remain one of the most closely watched weekly indicators as markets fine-tune expectations for the Fedโs next moves.
The latest print came in around 216K, slightly below last weekโs 222K, and consensus sees this week near 220K.
For the NAS100, the logic is simple:
Cooling labor โ more rate-cut bets โ tech supported.
Stronger labor โ fewer cuts โ yields rise โ tech pressured.
Thu, Dec 4 @ 13:30 GMT
๐Expected: ~220K
๐ฅWHAT COULD MOVE NAS100?
๐Claims lower than expected (โค215K)
โ Labor looks firm
โ Fed cuts look less urgent
โ NAS100 may see mild downside
โ๏ธClaims near 220K
โ Balanced signal
โ Range-bound trading
๐Claims higher (โฅ230K)
โ Cooling labor
โ Boosts rate-cut bets
โ NAS100 may edge higher
Support: 50-day MA
Resistance: 25,814.9
WTI is trading in the $57โ59 range after last weekโs surprise +2.77M barrel build in U.S. crude inventories โ a jump that caught many traders off guard.
With oversupply concerns simmering, todayโs EIA report could be a key catalyst for the next move in oil.
Wed, Dec 3 @ 15:30 GMT
๐Market Expectation:
A modest change โ either a small draw or a small build โ after last weekโs larger increase.
๐ฅWHAT COULD MOVE WTI?
๐Big Draw (โฅ โ3M barrels)
โ Signals tightening supply
โ Could lift WTI back toward $59โ60+
โ๏ธModest Change
โ Small draw/build likely keeps WTI locked in the $57โ59 range
๐Big Build (โฅ +3M barrels)
โ Reinforces oversupply fears
โ Could pressure WTI toward $56โ57
Support: ~$57.37
Resistance: 50-day MA
๐ตUSDInd: ISM SERVICES PMI IN FOCUS
The Dollar Index has slipped toward 99.3โ99.5 after last weekโs run-up, as markets lean more confidently toward 2025 rate-cut expectations.
Todayโs ISMServices PMI could be the next big catalyst for USD direction.
The previous reading (Oct) came in at 52.4, signalling modest expansion in the U.S. services sector โ still healthy even as manufacturing lags.
๐ When?
Wed, Dec 3 @ 15:00 GMT
๐งฎ Expected: ~52.1 (slightly softer than last month)
๐ฅWHAT COULD MOVE THE DOLLAR?
๐Stronger-than-expected PMI (โฅ53.0)
โ Signals resilient service-sector momentum
โ Boosts the USD, pushing USDInd toward resistance
โ๏ธ In-line PMI (~52.1)
โ Neutral read; USD likely stays range-bound
๐Weaker PMI (โค51.0)
โ Hints at cooling growth
โ Increases rate-cut expectations โ USD may soften
๐ KEY LEVELS (USDInd)
Support: 50-day MA near 99.033
Resistance: 99.627 and 100.327
The Dollar Index has slipped toward 99.3โ99.5 after last weekโs run-up, as markets lean more confidently toward 2025 rate-cut expectations.
Todayโs ISMServices PMI could be the next big catalyst for USD direction.
The previous reading (Oct) came in at 52.4, signalling modest expansion in the U.S. services sector โ still healthy even as manufacturing lags.
Wed, Dec 3 @ 15:00 GMT
๐งฎ Expected: ~52.1 (slightly softer than last month)
๐ฅWHAT COULD MOVE THE DOLLAR?
๐Stronger-than-expected PMI (โฅ53.0)
โ Signals resilient service-sector momentum
โ Boosts the USD, pushing USDInd toward resistance
โ๏ธ In-line PMI (~52.1)
โ Neutral read; USD likely stays range-bound
๐Weaker PMI (โค51.0)
โ Hints at cooling growth
โ Increases rate-cut expectations โ USD may soften
Support: 50-day MA near 99.033
Resistance: 99.627 and 100.327
๐บ๐ธ USDCHF โ Swiss Franc Edges Into Data Crosswinds
The Swiss franc heads into Wednesdayโs session at a sensitive moment as Switzerlandโs CPI and the U.S. ISM Services PMI hit on the same day โ a combo that could inject sharp volatility into USDCHF.
Swiss inflation has been near zero for months, raising questions about how long the SNB can tolerate ultra-subdued price growth. Meanwhile, the U.S. services sector remains a key gauge of economic momentum.
๐ Key Events โ Wed, Dec 3
๐จ๐ญ Switzerland CPI (07:30 GMT / 11:30 GST)
โข Expected YoY: 0.1%
โข Expected MoM: โ0.1%
๐ USDCHF expected move: +0.4% / โ0.6%
๐บ๐ธ US ISM Services PMI (15:00 GMT / 19:00 GST)
โข (See AUDUSD post โ consensus: ~52.1)
๐ USDCHF expected move: ยฑ0.2%
๐ฅWHAT COULD MOVE USDCHF?
USDCHF sits inside a multi-month symmetrical triangle, hovering just above the 21-day MA โ meaning even small data surprises could break the structure.
๐ POTENTIAL SCENARIOS
๐ขBULLISH USDCHF (USD higher / CHF weaker):
โข Swiss CPI comes in softer or negative (โค0.0%)
โข AND/OR U.S. ISM Services beats (โฅ53.0)
โ Traders lean into dovish SNB bets + stronger USD demand.
๐ Upside targets: 0.81019 (trendline resistance)
Above that: 0.81710 (Aug 1 swing high, near 200-day MA)
๐ดBEARISH USDCHF (USD lower / CHF stronger):
โข Swiss CPI hotter (โฅ0.3%)
โข AND/OR U.S. ISM Services misses (<51.5)
โ SNB easing expectations fade while USD softens.
๐ Downside levels: 0.79960 (50-day MA)
A close below exposes: 0.79011 (triangle support)
The Swiss franc heads into Wednesdayโs session at a sensitive moment as Switzerlandโs CPI and the U.S. ISM Services PMI hit on the same day โ a combo that could inject sharp volatility into USDCHF.
Swiss inflation has been near zero for months, raising questions about how long the SNB can tolerate ultra-subdued price growth. Meanwhile, the U.S. services sector remains a key gauge of economic momentum.
๐จ๐ญ Switzerland CPI (07:30 GMT / 11:30 GST)
โข Expected YoY: 0.1%
โข Expected MoM: โ0.1%
๐ USDCHF expected move: +0.4% / โ0.6%
๐บ๐ธ US ISM Services PMI (15:00 GMT / 19:00 GST)
โข (See AUDUSD post โ consensus: ~52.1)
๐ USDCHF expected move: ยฑ0.2%
๐ฅWHAT COULD MOVE USDCHF?
USDCHF sits inside a multi-month symmetrical triangle, hovering just above the 21-day MA โ meaning even small data surprises could break the structure.
๐ขBULLISH USDCHF (USD higher / CHF weaker):
โข Swiss CPI comes in softer or negative (โค0.0%)
โข AND/OR U.S. ISM Services beats (โฅ53.0)
โ Traders lean into dovish SNB bets + stronger USD demand.
๐ Upside targets: 0.81019 (trendline resistance)
Above that: 0.81710 (Aug 1 swing high, near 200-day MA)
๐ดBEARISH USDCHF (USD lower / CHF stronger):
โข Swiss CPI hotter (โฅ0.3%)
โข AND/OR U.S. ISM Services misses (<51.5)
โ SNB easing expectations fade while USD softens.
๐ Downside levels: 0.79960 (50-day MA)
A close below exposes: 0.79011 (triangle support)
๐ฆ๐บAUDUSD โ Aussie Braces for a Two-Punch Data Test
The Aussie faces a high-volatility doubleheader on Wednesday as traders gear up for Australiaโs Q3 GDP and the U.S. ISM Services PMI โ two releases that could shake AUDUSD sharply.
๐ When?
๐ฆ๐บAustralia Q3 GDP
๐ Wed, Dec 3
โฐ 00:30 GMT / 04:30 GST
โข Expected QoQ: 0.7%
โข Expected YoY: 2.2%
๐ AUDUSD expected move: +0.1% / โ0.5%
๐บ๐ธISM Services PMI (US)
๐ Wed, Dec 3
โฐ 15:00 GMT / 19:00 GST
โข Consensus: 52.1
๐ AUDUSD expected move: +0.3% / โ0.4%
๐ฅWHAT COULD MOVE AUDUSD?
A stronger-than-expected Australian GDP would signal resilient growth โ boosting the Aussie.
A weaker print, combined with firmer U.S. services data, may reinforce USD strength and pressure AUDUSD lower.
Tariff uncertainty and cooling labour momentum are also in focus as traders reassess both economies.
๐ POTENTIAL SCENARIOS
๐ขBULLISH AUDUSD:
A strong Australia GDP + softer U.S. services data could lift the pair above the falling wedge structure, targeting the major descending trendline from March 2021 at 0.66615.
๐ดBEARISH AUDUSD:
Soft GDP and/or a firm U.S. ISM print may drag AUDUSD toward the 50-day MA (0.65289) and 21-day MA (0.65150).
A close below these opens the door toward the 200-day MA at 0.64640.
The Aussie faces a high-volatility doubleheader on Wednesday as traders gear up for Australiaโs Q3 GDP and the U.S. ISM Services PMI โ two releases that could shake AUDUSD sharply.
๐ฆ๐บAustralia Q3 GDP
๐ Wed, Dec 3
โฐ 00:30 GMT / 04:30 GST
โข Expected QoQ: 0.7%
โข Expected YoY: 2.2%
๐ AUDUSD expected move: +0.1% / โ0.5%
๐บ๐ธISM Services PMI (US)
๐ Wed, Dec 3
โฐ 15:00 GMT / 19:00 GST
โข Consensus: 52.1
๐ AUDUSD expected move: +0.3% / โ0.4%
๐ฅWHAT COULD MOVE AUDUSD?
A stronger-than-expected Australian GDP would signal resilient growth โ boosting the Aussie.
A weaker print, combined with firmer U.S. services data, may reinforce USD strength and pressure AUDUSD lower.
Tariff uncertainty and cooling labour momentum are also in focus as traders reassess both economies.
๐ขBULLISH AUDUSD:
A strong Australia GDP + softer U.S. services data could lift the pair above the falling wedge structure, targeting the major descending trendline from March 2021 at 0.66615.
๐ดBEARISH AUDUSD:
Soft GDP and/or a firm U.S. ISM print may drag AUDUSD toward the 50-day MA (0.65289) and 21-day MA (0.65150).
A close below these opens the door toward the 200-day MA at 0.64640.
โ
Save the key dates of this month!โฃ
Head over to our economic calendar for more details including:โฃ
โฃ๐Localized event timingsโฃ
๐ Previous resultsโฃ
๐ Analyst predictionsโฃ
๐งก Link to our economic calendar ๐https://bit.ly/4oL1GMp
Head over to our economic calendar for more details including:โฃ
โฃ๐Localized event timingsโฃ
๐ Previous resultsโฃ
๐ Analyst predictionsโฃ