empty
05.12.2022 10:44 AM
EUR/USD and GBP/USD: trading plan for beginners on December 5

Specifics of economic calendar on December 2

The highlight of the last week was certainly the report by the US Labor Department. Oddly, its content aroused more questions than joy.

Basic details:

  • The unemployment rate remained flat at 3.7%.
  • The US public and private sectors added 263K jobs in November, surpassing the consensus for 200K jobs.
  • Average hourly earnings grew to 5.1% on year in November following a 4.9% increase in the previous month.

At first glance, the US labor market remains healthy judging by the statistics. However, we should bear in mind the words of the Fed's Chairman, saying that inflation will not be stemmed without a slowdown in business activity. Therefore, we see that growing wages and employment are the driving forces for high inflation.

All in all, there are preconditions for persistent inflationary pressure in the economy.

Overview of technical charts of December 2

During its robust upward move, EUR/USD surpassed the resistance level of 1.0500. In consequence, the instrument gave a technical signal about the extension of the ongoing upward cycle from the lows of the downtrend.

After a brief halt at about 1.2300, GBP/USD continues its climb. As a result, the resistance level was broken and the price settles firmly about it.

This image is no longer relevant

Economic calendar on December 5, 2022

Commonly, the economic calendar is empty on Monday but this time is different. Today market participants will get to know revised PMIs for the Eurozone and the US which are likely to match flash estimates. In this case, we should not expect a strong response from the market as everything has been already priced in. However, if the actual scores defy the preliminary readings, traders will have an excuse for speculation.

Traders will shift focus to the EU retail sales which are expected to accelerate their decline to -2.2% from -0.6%. Such negative information from the EU could discourage the euro bulls which might entail a downward correction.

Schedule

EU PMIs are due at 13:30 GMT

UK PMIs – at 09:30 GMT

EU retail sales – 09:30 GMT

US PMIs – 14:45 GMT

Trading plan for EUR/USD on December 5

Under such market conditions, traders are poised to revise market sentiment on GBP/USD for the medium term. Under this scenario, the downtrend could take a back seat for a while. Therefore, the euro is expected to develop an uptrend bit by bit.

As for the short-term outlook, rapid growth in EUR propelled the shared currency to overbought levels. It suggests a downward correction. The buyers could face resistance at 1.0610 at the moment.

This image is no longer relevant

Trading plan for GBP/USD on December 5

Despite growing overbought levels of GBP/USD, the price is still following an inertial move when technical signals may be neglected by traders. Thus, the price consolidation above 1.2300 enables the scenario of increasing long positions. So, the currency pair might extend its growth.

As for the downward scenario, the price should first retreat to levels below 1.2300 on the daily chart. This scenario will be realistic in such conditions.

This image is no longer relevant

What's on technical charts

The candlestick chart shows graphical white and black rectangles with upward and downward lines. While conducting a detailed analysis of each individual candlestick, it is possible to notice its features intrinsic to a particular time frame: the opening price, the closing price, the highest and lowest price.

Horizontal levels are price levels, in relation to which the price may stop or reverse its direction. They are called support and resistance levels.

Circles and rectangles are highlighted examples where the price reversed in the course of its history. This color highlighting indicates horizontal lines which can exert pressure on prices in the future;

Upward/downward arrows signal possible future price direction.

Gven Podolsky,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

如何在6月16日交易GBP/USD貨幣對?新手簡單提示及交易分析

週五,英鎊/美元貨幣對的走勢幾乎與歐元/美元貨幣對相同。這是因為關鍵因素相同。

Paolo Greco 07:07 2025-06-16 UTC+2

如何在6月16日交易歐元/美元貨幣對?給初學者的簡單技巧和交易分析

週五晚上,歐元/美元匯率經歷了急劇下跌,隨後在當天下半段時間恢復。因此,整個一天可以分為兩個階段。

Paolo Greco 07:07 2025-06-16 UTC+2

6月16日GBP/USD交易建議及分析:英鎊未受到美元阻力

週五,英鎊/美元貨幣對繼續其上升趨勢。為了更好地理解英鎊的走勢,最好切換到每日時間框架。

Paolo Greco 04:53 2025-06-16 UTC+2

2023年6月16日EUR/USD交易建議與分析:週一會否再掀風暴?

在週一的交易時段,歐元/美元貨幣對雙向波動。首先,受以色列攻擊伊朗的事件影響,匯率急劇下跌(對於那些還沒入睡的人而言),接著,貨幣對進行了一定程度的恢復。

Paolo Greco 04:53 2025-06-16 UTC+2

GBP/USD:6月13日美國交易時段的交易計劃(早盤交易回顧)

在我早上的預測中,我強調了1.3531水平,並計劃根據這一水平做出交易決策。讓我們來看一下5分鐘圖表並分析發生了什麼。

Miroslaw Bawulski 12:37 2025-06-13 UTC+2

歐元/美元:6月13日美國交易時段的交易計劃(上午交易回顧)

在我上午的預測中,我特別強調了1.1556這個水平,並計劃根據這一水平來制定市場進入決策。我們來看看5分鐘圖表並分析發生了什麼情況。

Miroslaw Bawulski 12:31 2025-06-13 UTC+2

如何在6月13日交易GBP/USD貨幣對?新手簡單交易技巧和分析

週四,英鎊/美元對顯示出相對強勁的上升走勢,儘管英鎊在日內出現下跌。有很多新聞事件。

Paolo Greco 06:31 2025-06-13 UTC+2

如何在6月13日交易歐元/美元對?初學者的簡單提示和交易分析

在週四和週五的夜間,歐元/美元貨幣對展現出“美式競速”的模式。過去兩天,由於大規模抗議和騷亂繼續在美國多個城市爆發,以回應唐納·川普的移民政策,美元再次暴跌。

Paolo Greco 06:31 2025-06-13 UTC+2

6月13日英鎊/美元交易建議和分析:疲弱的GDP數據破壞了英鎊的前景。

週四,GBP/USD 貨幣對繼續上升。然而,有些令人驚訝的是,本週英鎊的升值幅度較歐元小。

Paolo Greco 03:41 2025-06-13 UTC+2

歐元/美元6月13日交易建議和分析:特朗普警告提高關稅

EUR/USD 貨幣對在週四持續了週三開始的強勁上升趨勢。當日接近尾聲時開始出現向下的回調,但這次的回調明顯弱於之前的上升。

Paolo Greco 03:40 2025-06-13 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.