December 16th North-American Session Recap – NFP sends further confusion in the Market as traders await the CPI and Bank of Japan. Check up the Daily asset and FX performance, what changed fundamentally and what's coming up on Monday.
Commodities
WTI Oil Technical Analysis: We analyze the downtrend in Oil as prices reach new 2025 lows. With OPEC+ dynamics, Venezuela-US tensions, and a Russia-Ukraine ceasefire pricing in, we explore the supply risks for US Shale and whether a contrarian bullish case is emerging.
West Texas Intermediate (WTI) Crude Oil remains under pressure on Tuesday, extending its decline for a fourth consecutive day as persistent oversupply concerns continue to dominate market sentiment.
Previewing the Bank of England's final 2025 MPC meeting. Financial markets expect a 25bp rate cut to 3.75% amidst weak growth and cooling inflation. We analyze the anticipated 'hawkish cut' compromise, its implications for GBP/USD, Gilts, and the FTSE 100, and the BoE's trilemma of risks in 2026 as the UK enters a 'stagflation exit' era
Indices
US Indexes Technical Analysis and Key levels for Dow Jones, Nasdaq and S&P 500: We analyze the timid market open following the NFP report, as rising unemployment overshadows payroll beats. With stock buyers hesitant and safety flows moving into bonds, we breakdown the intraday charts for the Dow, Nasdaq, and S&P 500 to gauge the next move.
Forex
The GBP/USD surges 0.42% on Tuesday as the latest US jobs report revealed the labor mark weakness, while Retail Sales were unexpectedly unchanged from September figures, an indication of consumers’ resilience. At the time of writing, the GBP/USD trades at 1.3432 after reaching a daily low of 1.3355.
Indices
US Dollar falls, metals rebound and Stocks open shy after the NFP data release.
Explore reactions and key trends after the US Data with our Market Reactions piece.
Forex
The Euro (EUR) weakens against the British Pound (GBP) on Tuesday, as Sterling outperforms most major peers following the release of UK labour market data. At the time of writing, EUR/GBP trades around 0.8763, down nearly 0.25% on the day, snapping a three-day winning streak.
US Non-Farm Payrolls data just beat expectations – Unemployment still grew to 4.6%, while Retail Sales misses (0% vs 0.1% exp)
Explore the details of the two key US reports right here.
Reaction piece coming up soon.
Forex
EUR/USD is trading near its highest level since October 1 as Eurozone PMI data showed a modest slowdown, while German ZEW expectations improved sharply.
