About 9.5% of daily trades. Referred to as “Cable,” it’s volatile but widely traded due to the strength of the UK and U.S. economies
GBP/USD remains firm above 1.33 as markets weigh rising Fed rate cut bets. With US inflation cooling and slower growth fueling expectations of easing, the dollar weakens slightly. Meanwhile, UK’s resilient economy and clearer political outlook support sterling strength. Traders keep a close eye on diverging central bank paths and evolving market sentiment.
– By TradingNews.com Staff Writer
As we enter December 8-12, 2025, the US Dollar Index (DXY) remains range-bound between 104.50 support and 106.30 resistance, awaiting a breakout that could set the tone into year-end. EURUSD continues to fluctuate within 1.0800 support and 1.1000 resistance, showing signs of buying interest at the lows but facing seller pressure near key highs. GBPUSD and XAUUSD also hover near critical technical zones, with potential for sharp moves depending on upcoming economic data and market sentiment. Traders should monitor price action closely around these pivotal levels for directional clues. Original analysis by Justin Bennett via Daily Price Action.
Weekly Forex Preview (Dec 8–12, 2025):
DXY hovers near key support at 104.50—holding it may spur a rebound toward 105.60; a break below could open 103.50. EURUSD nears strong resistance between 1.1000–1.1030—clear daily closes above here could push to 1.1100, while rejection may pull prices back to 1.0850. GBPUSD and XAUUSD remain influenced by USD moves and macro trends—watch key technical levels for trade cues. Market direction hinges on Fed signals and data out this week. #ForexForecast
Weekly Forex Forecast (Dec 8–12, 2025) — Justin Bennett, Daily Price Action
DXY: Watching 105.10 resistance; a break higher targets 106.50, while failure risks a drop below 104.20 and possibly 103.50. RSI near midpoint, signaling key decision zone.
EURUSD: Bearish bias intact under 1.0900 resistance and descending trend line. Support at 1.0760 and 1.0680 critical; a break above 1.0940 needed to shift sentiment bullish.
GBPUSD: Resilient near 1.2760 resistance but vulnerable below this level. Support cluster around 1.2600–1.2580 to watch for potential rebound or breakdown.
XAUUSD (Gold): Consolidation above key support zone; breakout above resistance needed to confirm bullish continuation amid USD moves.
Key events this week: U.S. inflation data, ECB speeches, and cross-currency momentum likely to influence price action.
Traders should watch for clear breaks of key technical levels to confirm trend directions across these major pairs and gold.
Weekly Forex Forecast (Dec 8–12, 2025) by Justin Bennett of Daily Price Action:
DXY tests strong resistance near 106.00; a weekly close above may open room to 107.00, while rejection could pull back toward 104.50. EURUSD bounces from 1.0650 support but faces resistance near 1.0800–1.0850—rejection likely continues downtrend to 1.0550. GBPUSD struggles to hold recent gains amid mixed UK data; key levels at 1.2350 support and 1.2550 resistance. Gold (XAUUSD) eyes 1950 resistance with room to 2000 if breached, else a dip to 1875 support possible. Watch central bank cues and inflation releases for directional triggers this week.
Weekly Forex Forecast (Dec 8–12, 2025) from Justin Bennett, Daily Price Action:
DXY remains at a key inflection near 105.05 resistance, holding above 104.20 support keeps bulls favored, with a breakout targeting 106.00. EURUSD struggles below 1.0900; sellers dominate unless daily closes clear this level, eyes on support near 1.0770 and 1.0700. GBPUSD trades range-bound—watch key levels for directional clues amid dollar moves. XAUUSD (Gold) hinges on 1950 support and 1995 resistance for potential swing trades. Monitor price action and key pivots closely as year-end volatility looms.
As we head into December 8-12, 2025, key levels define the outlook for DXY, EURUSD, GBPUSD, and XAUUSD. DXY battles resistance near 105.50, with support at 104.30–a break there could signal deeper correction. EURUSD tests 1.0850 resistance within a tight range, while GBPUSD and gold face critical supply zones. Watch these zones for decisive price action and potential setups. Detailed analysis by Justin Bennett on Daily Price Action.
Weekly Forex Forecast: Dec 8-12, 2025 — The US Dollar Index faces resistance near 104.80; support holds at 103.50. EURUSD remains range-bound between 1.0730 and 1.0920, GBPUSD watching 1.2550 support, while Gold (XAUUSD) tests $1930 resistance. Key US data and Fed signals could drive major moves. Analysis by Justin Bennett, Daily Price Action.
Weekly Forex Forecast (Dec 8-12, 2025) by Justin Bennett on Daily Price Action:
DXY struggles below key resistance at 104.25; watch support at 103.50 for further downside risk. EURUSD eyes a break above 1.0950 to target 1.1115, while a drop below 1.0820 could signal a pullback. GBPUSD tests multi-month highs amid BoE hawkishness, and XAUUSD remains sensitive to risk sentiment and inflation data. Stay tuned for key setups and market-moving fundamentals this week.
Colombia’s November CPI rose 0.13%, missing estimates by 0.07%, signaling easing inflation pressures. This softer data may lead Banco de la República to pause or slow rate hikes, impacting the Colombian peso’s outlook amid global inflation moderation trends. Investors should watch forex markets closely as monetary policy recalibrations evolve.
