Daily Global Analysis By zForex

[Z Forex]

EUR/USD Analysis By zForex Research Team - 03.12.2025​

Eurozone Spending Plans Boost Euro​

The euro surged past $1.09, its highest in four months, gaining 5% since early March. This rally was driven by Eurozone plans to expand deficit spending, stimulating growth prospects. Germany pushed for a €500 billion infrastructure fund, while France and Italy supported joint EU funding for economic and military initiatives.

The ECB signaled a shift toward a less restrictive policy after last week’s rate cut, suggesting the easing cycle may be nearing its end. Meanwhile, US economic concerns pressured the dollar, further lifting the euro.

Key resistance is at 1.0950, followed by 1.1000 and 1.1050. Support stands at 1.0800, with further levels at 1.0730 and 1.0650.

 

[Z Forex]

Yen Analysis By zForex Research Team - 03.12.2025​

Yen's Rise and the Risk of Currency Volatility​

The Japanese yen strengthened to 147 per dollar on Tuesday, its highest in five months, as US recession fears drove investors to long-term trusted assets. Trump's reluctance to dismiss recession risks, along with trade policy uncertainty, added to yen demand.

Japan's economic outlook weakened as Q4 GDP growth was revised down to 2.2% from 2.8%, reflecting weak private consumption. Despite this, the BOJ is expected to keep rates steady in March, with potential hikes later. Finance Minister Shunichi Kato cautioned against excessive currency volatility amid the yen’s rapid gains.
Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.