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Daily Pivots: (S1) 1.1695; (P) 1.1717; (R1) 1.1730; More…. Intraday bias in EUR/USD stays neutral as range trading continues below 1.1803. . On the upside, break of 1.1803 will extend the rally from 1.1467 to retest 1.1917 high. However, firm break of 55 D EMA (now at 1.1640) will turn bias back to the downside […]

The post EUR/USD Daily Outlook appeared first on ActionForex.

After a sharp decline, the US Tech index formed a support level. The US Tech forecast for next week is negative.

US Tech forecast: key takeaways

• Recent data: U.S. Services PMI for November came in at 52.9
• Market impact: the current data has a positive effect on the technology sector

US Tech fundamental analysis

The U.S. Services PMI printed at 52.9, below expectations of 54.0 and down from 54.1 previously. Although the index remains above 50, indicating continued growth in the services sector, the pace of expansion has clearly slowed and turned out weaker than the market expected. This release matters for US equities because services represent the largest part of the US economy, including consumption, finance, logistics, IT services, healthcare, and other segments.

Because the PMI remains above 50, the data points to a slowdown rather than a contraction. As a result, the typical market reaction is moderate. The indicator limits optimism about economic growth but at the same time increases the likelihood of softer financial conditions. Slower activity reduces the risk of economic overheating and can ease pressure on interest rates. This factor is generally positive, as equities tend to look more attractive when rate expectations decline.

US Tech technical analysis

For the US Tech index, the impact of this indicator often appears stronger than for the broader market, as technology companies react more sensitively to interest rate expectations. If weaker PMI data leads market participants to anticipate lower policy rates and bond yields, this usually supports the technology sector, as future earnings receive higher valuations.

The US Tech index has entered a downward trend. The nearest resistance formed at 25,725.0, while the support level shifted to 24,680.0. The downside target may lie near 24,210.0.

Forecast scenarios for the US Tech index price:

• Bearish scenario: if prices break below the support at 24,680.0, the index may fall to 24,210.0
• Bullish scenario: if prices break above the resistance at 25,725.0, the index may rise to 26,265.0

Summary

The current data provides some support for the US Tech index. If the slowdown in services continues and receives confirmation from other indicators, companies may become more cautious in spending on digital services, advertising, and IT projects. In that case, part of the technology sector could face revenue growth risks. At present, the data does not signal a sharp deterioration, so the baseline effect for US Tech remains moderately positive. The nearest downside target may stand at 24,210.0.

Open Account

In November 2025, US inflation surprised sharply to the downside while the labor market weakened, pushing the US dollar lower and US stock indices sharply higher.

The USD/JPY pair rises to around 155.60 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Japanese Yen (JPY) on the cautious comments from Federal Reserve (Fed) Governor Christopher Waller.

Japanese trade and capex-indicative data:

more to come

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As I said earlier, the Bank of Japan will begin its two day meeting tomorrow, Thursday, December 18, 2025. On Friday we'll get the statement followed by Bank of Japan Governor Ueda's press conference:

• the statement is expected some time in the 0230 to 0330 GMT time window (this is 2230 - 2330 US Eastern time). The BoJ do not have a set scheduled time for the release;
• Bank of Japan Governor Ueda's press conference will follow at 0630 GMT (this is 0130 US Eastern time).

A 25bp interest rate rise is widely expected, from 0.5% to 0.75%.

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The post Deep Dive: Can Meta Regain “Likes” in 2026? appeared first on eToro.

Daily Pivots: (S1) 1.1646; (P) 1.1673; (R1) 1.1724; More…. Intraday bias in EUR/USD remains on the upside at this point. The break of 1.1747 resistance should confirm that fall form 1.1917 has completed as a correction to 1.1467. Further rally should be seen to retest 1.1917 high. For now, risk will stay on the upside […]

The post EUR/USD Mid-Day Outlook appeared first on ActionForex.

Introduction to AUDUSD The AUDUSD currency pair-commonly known as the “Aussie-tracks the exchange rate between the Australian Dollar and the US Dollar. It is one of the most actively traded pairs in the forex market, driven by interest rate differentials, commodity prices, and overall risk sentiment. The Aussie is seen as a proxy for global […]

The post AUDUSD Technical Breakout: Bullish Trend Builds appeared first on UnitedPips Ltd.

  High Expectations How Markets Really React to News High Expectations Navigating financial markets around major news events can feel unpredictable even for experienced traders....

The post How Markets Really React to News: Understanding Expectations, Sentiment, and Price Action appeared first on Forex Trading Forum.