⚠️ China — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.2%

🕒 Exp: 0.7%

🎯 Fact.: 0.7%

The crypto market is trying to break the downtrend

The crypto market cap increased by 2.5% to $3.16T following Bitcoin's surge, surpassing the previous local maximum of over $3.21T. Strictly speaking, we have observed a series of higher local highs and lows since 21 November. Moreover, the market is moving beyond the medium-term downward range that has dominated since early October. However, to definitively classify the rebound as the start of capitalisation growth, it needs to surpass $3.32T, which is 6% above current levels.

Bitcoin soared to $94.5K at the end of the day on Tuesday, when a slight short squeeze occurred following a rebound from the short-term uptrend support line. However, the momentum did not develop further, and the price retreated to the $92.6K area, close to the horizontal resistance line of the past three weeks. The critical question now is whether the market will be able to consolidate above this level and establish an upward range. The cryptocurrency market remains hesitant to take active steps ahead of the Fed's rate decision.

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The FOMC will take another route

While some central banks are signalling that they have finished easing, the Fed intends to continue.

The US dollar remains stable as the White House confirms the Fed's independence.

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CHFJPY Wave Analysis – 10 December 2025

- CHFJPY reversed from pivotal support level 192.60

- Likely to rise to resistance level 195.50

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CHFJPY Wave Analysis – 10 December 2025

- CHFJPY reversed from pivotal support level 192.60

- Likely to rise to resistance level 195.50

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EURCHF Wave Analysis – 10 December 2025

- EURCHF reversed from resistance area

- Likely to fall to support level 0.9300

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⚠️ Canada — Overnight Rate at 03:00 GMT

✔️ Prev: 2.25%

🕒 Exp: 2.25%

🎯 Fact.: 2.25%

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Novartis Wave Analysis – 10 December 2025

- Novartis reversed from strong resistance level 133.35

- Likely to fall to support level 128.00

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Qualcomm Wave Analysis – 10 December 2025

- Qualcomm broke strong resistance level 177.00

- Likely to rise to resistance level 183.00

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⚠️ USA — FOMC Rate Decision at 03:00 GMT

✔️ Prev: 4.00%

🕒 Exp: 3.75%

🎯 Fact.: 3.75%

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⚠️ USA — FOMC Press Conference at 19:30 GMT

🗓 Economic Calendar at 2025/12/11 (GMT)

00:30 🇦🇺 ⚡️ Employment Change — Exp: 20.0K Actual: -21.3K

00:30 🇦🇺 ⚡️ Unemployment Rate — Exp: 4.4% Actual: 4.3%

00:30 🇦🇺 Part-Time Employment Change Actual: -56.5K | 35.2K

08:30 🇨🇭 ⚡️ SNB Policy Rate — Exp: 0.00% Actual: 0.00%

08:30 🇨🇭 ⚡️ SNB Monetary Policy Assessment

09:00 🇨🇭 ⚡️ SNB Press Conference

10:00 🇬🇧 BOE Governor Andrew Bailey Speaks

13:30 🇺🇸 ⚡️ Unemployment Claims — Exp: 221K Actual: 236K

13:30 🇺🇸 Continuing Claims — Exp: 1950K Actual: 1838K

13:30 🇺🇸 Trade Balance — Exp: -62.5B Actual: -52.8B

13:30 🇨🇦 Trade Balance — Exp: -4.3B Actual: 0.2B

21:30 🇳🇿 Business NZ Manufacturing Index


[Updated in real time]

⚠️ Australia — Employment Change at 03:00 GMT

✔️ Prev: 41.1K

🕒 Exp: 20.0K

🎯 Fact.: -21.3K 📉

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⚠️ Australia — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.4%

🎯 Fact.: 4.3% 📈

⚠️ Switzerland — SNB Policy Rate at 03:00 GMT

✔️ Prev: 0.00%

🕒 Exp: 0.00%

🎯 Fact.: 0.00%

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⚠️ Switzerland — SNB Press Conference at 09:00 GMT

Bitcoin attempts to break the short uptrend

The crypto market cap has been in a see-saw pattern over the past three weeks, exhibiting a gentle uptrend that has returned to the $3.08 trillion level during a consolidation phase. With no clear trend, crypto traders have reduced their activity in altcoins, waiting for the trend to recover in the first cryptocurrency and key stock indices.

Bitcoin jumped to $94.5K on Wednesday evening in response to the Fed's announcement of a bond-buying programme and a key rate cut. But this link to stocks played a cruel joke. The fall in Oracle shares dragged the Nasdaq-100 to eight-day lows, and BTC rolled back to $90K. The market is testing the strength of the modest uptrend that has been forming since 21 November. A drop below $88K would break this trend, bolster bearish sentiment and confirm the end of the recovery rally.

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The dollar delivered a dovish surprise

The Fed lowered rates to 3.50–3.75% and resumed asset purchases.

The franc is gaining on lower tariffs, while the pound is relying on hawkish BoE.

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⚠️ USA — Unemployment Claims at 03:00 GMT

✔️ Prev: 192K

🕒 Exp: 221K

🎯 Fact.: 236K 📉