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December 10, 2025
Chartbook: Chart EUR/GBP: Corrective pullback/consolidation before higher
December 10, 2025 1:49 PM UTC
Anticipated gains have posted a fresh 2025 year high at 0.8865,
before turning lower in steady profit-taking to trade below 0.8800.
Weekly stochastics and the weekly Tension Indicator are under pressure, highlighting room for deeper losses into early 2026 Q1, with focus to turn to congestion around 0.
Preview: Due December 11 - U.S. September Trade Balance - Canadian data suggests a wider deficit
December 10, 2025 1:48 PM UTC
We expect a September trade deficit of $70.5bn, up sharply from August’s $59.6bn but still below July’s $78.2bn. We expect exports to fall by 0.5% after a 0.1% August increase while imports rise by 2.8% after a 5.1% July decline. This could weigh on estimates for Q3 GDP, now due on December 23
Norges Bank Preview (Dec 18): Still Far Too Cautious
December 10, 2025 9:17 AM UTC
No change in policy and little shift in rhetoric was the message from the Norges Bank’s latest verdict. After what was to some a surprise (and seemingly far from a formality) move in September, in which the Norges Bank cut is policy rate by a further 25 bp to 4.0%, we see no change at the loomin