The market displayed relative stability during European trading on Wednesday (12/24/2025). From a fundamental perspective, there haven’t been any significant changes. Market expectations regarding the Federal Reserve’s (The Fed) potential interest rate cuts of two to three times in 2026 continue to influence market movements.
On another front, the rising geopolitical tensions between the United States and Venezuela, particularly with the possibility of military action in Venezuela, have added to global uncertainty, impacting market sentiment.
مُستَحسَن
مُستَحسَن
مُستَحسَن
مُستَحسَن
As American trading commences, these sentiments are expected to dominate market activity. Additionally, traders will be closely observing the upcoming US unemployment claims data. Here are the details from Trading Central:
-
US unemployment claims (Dec/20) at 20:30; Forecast 226,000 compared to the previous 224,000
ذهب
The price of Gold (XAUUSD) surged by $41.44 or 414 pips to $4,525.50 per troy ounce, setting a new all-time high. However, during the European session, the price underwent a short-term correction, likely attributed to profit-taking following a sharp rise.
Nonetheless, Gold continues to be supported by several positive sentiments. The expectation of more aggressive interest rate cuts by the Fed next year, coupled with escalating geopolitical tensions between the US and Venezuela, could maintain demand for safe-haven assets.
As the US session begins, the upcoming unemployment claims data warrants attention. Should the actual data exceed the forecast, indicating a weakening labor market, expectations for more aggressive Fed interest rate cuts may strengthen. In this scenario, Gold could continue its upward momentum.
زيت
The price of Oil (CLS10) rose by $0.28 to $58.74 per barrel during the European session. This increase is driven by the intensifying geopolitical tensions between the US and Venezuela, including the blockade measures taken by the US, as well as supply disruptions due to damage to Russian energy infrastructure following Ukraine’s military actions.
This combination of factors has alleviated concerns about oversupply that previously weighed on prices. Given this sentiment, Oil prices are likely to continue their upward trend during the US session.
اليورو مقابل الدولار الأميركي
EURUSD rose by 171 points or 17 pips to 1.18080 in the European trading session. The weakness of the US dollar, driven by expectations of more aggressive rate cuts from the Fed next year, remains a key driver for this currency pair’s strength.
In the US trading session, the upcoming unemployment claims data will be closely monitored. Should the actual figures exceed the forecast, indicating labor market softness, the US dollar may face further pressure, creating opportunities for EURUSD to continue rising.
الجنيه الاسترليني مقابل الدولار الأميركي
GBPUSD also experienced gains, rising by 218 points or 21.8 pips to 1.35338 during the European session. This increase is still influenced by the pressure on the US dollar, following heightened expectations for more aggressive interest rate cuts from the Fed next year.
As the US session unfolds, the upcoming unemployment claims data will be critical in determining the market direction. If the actual data comes in higher than the forecast, the US dollar could face continued pressure, allowing GBPUSD to potentially extend its gains.
دولار أمريكي/ين ياباني
USDJPY declined by 625 points or 62 pips to 155.556 in the European session. The pressure stems from the US dollar’s weakness due to expectations of more aggressive monetary easing by the Fed. Meanwhile, the yen received positive sentiment after the Japanese government began preparing for possible intervention in the foreign exchange market.
Additionally, the minutes from the Bank of Japan (BoJ) meeting in October indicated further tightening potential, which supports a positive outlook for the yen.
During the US session, the unemployment claims data should be closely reviewed. Should actual figures exceed forecasts, it could further pressure the US dollar, adding to the downward pressure on USDJPY.
ناسداك
The Nasdaq index has shown a tendency to move within a narrow range of 25,777 to 25,823 during the European trading session. Nevertheless, market optimism regarding the Fed’s potential for more aggressive interest rate cuts next year continues to provide a positive sentiment for this technology stock index.
As the US session begins, the unemployment claims data will be pivotal in determining the market’s trajectory. If actual data comes in above expectations, indicating a weakening labor market, market optimism regarding monetary easing policies could strengthen further. In this context, the Nasdaq could see upward movement.
