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This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Analytics today

Forecast for EUR/USD on December 2, 2024

07:36 2024-12-02 UTC--5 Relevance up to 05:00 2024-12-03 UTC--5

Author: Grigory Sokolov

Popular analytics

GBP/USD: Simple Trading Tips for Beginner Traders on December 2. Analysis of Forex Trades

02:59 2024-12-02 UTC--5

Forecast for EUR/USD on December 2, 2024

21:58 2024-12-01 UTC--5

Forecast for GBP/USD on December 2, 2024

21:58 2024-12-01 UTC--5

EUR/USD: Simple Trading Tips for Beginner Traders on December 2. Analysis of Forex Trades

02:59 2024-12-02 UTC--5

Hot Forecast for EUR/USD on 02.12.2024

23:52 2024-12-01 UTC--5

Trading plan

GBP/USD: Plan for the US Session on December 2 (Review of Morning Trades). The Pound Rebounds from 1.2681

In my morning forecast, I highlighted the 1.2681 level and planned trading decisions around it. Let's review the 5-minute chart to see what happened. A decline and the formation.

Trading plan

EUR/USD: Trading Plan for the U.S. Session on December 2 (Review of Morning Trades). The Euro Slightly Declines After Data

In my morning forecast, I highlighted the 1.0505 level and planned to base trading decisions on this level. Let's analyze the 5-minute chart to review what happened. A decline.

Technical analysis

Forecast for EUR/USD on December 2, 2024

On Friday, the EUR/USD pair continued trading above the 323.6% Fibonacci level at 1.0532. However, on Monday, the pair reversed in favor of the US dollar and consolidated below 1.0532.

Technical analysis

Forecast for GBP/USD on December 2, 2024

On the hourly chart, the GBP/USD pair attempted twice on Friday to close above the resistance zone of 1.2709 – 1.2734 but failed on both occasions. These two rejections suggest.

Fundamental analysis

XAU/USD: Analysis and Forecast

The US dollar, which recently pulled back to a nearly three-week low, is now confidently rebounding, supported by robust gains in US Treasury yields. This rebound has become the primary.

News

Nvidia Stock Soars, Indexes Strengthen, FDA Puts a Stop to Applied Therapeutics Plans

Nvidia Leads Tech Stocks, Retail Stocks Rise Applied Therapeutics Plunges After FDA Denies Drug Approval Retail Stocks Rise on Black Friday Indices Rise: Dow 0.42%, S&P 500 0.56%, Nasdaq 0.83%.

Forecast For beginners

GBP/USD: Simple Trading Tips for Beginner Traders on December 2. Analysis of Forex Trades

The test of the 1.2706 price level occurred when the MACD indicator had already moved significantly above the zero mark, limiting the pair's upward potential. For this reason, I didn't.

Forecast For beginners

EUR/USD: Simple Trading Tips for Beginner Traders on December 2. Analysis of Forex Trades

The test of the 1.0547 price level coincided with the MACD indicator significantly dropping below the zero mark, which limited the pair's downward potential. For this reason.

Fundamental analysis

The Pound Follows the Winds

Throughout November, the British pound swayed with the tides of Trump trade. It plummeted like a stone when Donald Trump announced new tariffs and rebounded as investors reassessed their stance.

Fundamental analysis For beginners

What to Pay Attention to on December 2? Fundamental Event Analysis for Beginners

Only a few macroeconomic events are scheduled for Monday, which marks the start of the first week of a new month. The U.S. will release numerous reports on business activity.

Trading plan For beginners

How to Trade the GBP/USD Pair on December 2? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair was more fortunate on Friday than the EUR/USD pair. The British pound managed to surpass the 1.2680 level. However.

Trading plan For beginners

How to Trade the EUR/USD Pair on December 2? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair attempted to continue its correction, but by the end of the week, traders were more focused.

Technical analysis For beginners

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday December 02, 2024.

On the 4-hour chart, the EUR/USD major currency pair is seen strengthening, which is confirmed by the appearance of a Bullish 123 pattern followed by the appearance of 2 Bullish.

Technical analysis For beginners

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday December 02, 2024.

Although on the daily chart USD/IDR appears to be strengthening, if observed, USD/IDR is actually moving harmoniously in a downward channel coupled with confirmation of the appearance of a Rising.

Hot forecast

Hot Forecast for EUR/USD on 02.12.2024

Despite the acceleration of annual inflation in the Eurozone from 2.0% to 2.3%, the euro failed to rise and even weakened. Although the scale of the decline was limited.

Technical analysis

USD/JPY and EUR/JPY – Weekly and Monthly Summary

Last week delivered a significant bearish outcome. Gains achieved over several weeks, during which bulls attempted to regain control and continue the upward movement, were erased and are now history.

Fundamental analysis

EUR/USD: A Hot Start to December with ISM Indexes, Powell's Speech, and November Nonfarm Payrolls

December can be divided into two unequal parts. The First Part (the first three weeks) is characterized by heightened volatility in the forex market as traders react to key monthly.

Trading plan

Trading Recommendations and Review of GBP/USD on December 2: The British Pound Continues to Rise

The GBP/USD currency pair continued its upward movement on Friday despite having no substantial reasons. The U.S. markets were closed for the day, and the UK had no noteworthy events.

Trading plan

Trading Recommendations and Review of EUR/USD for December 2: A Dull End to an Eventful Week

The EUR/USD pair traded with very low volatility for the second consecutive day on Friday. There were no significant movements on Thursday or Friday, and the direction remained more sideways.

This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.

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