USD Weakens Before Expected Fed Rate Cut .

what’s happening today

The US dollar remains under pressure at the start of December as traders expect the Fed to deliver another rate cut at the December 9–10 FOMC meeting, with odds near 80% for a further 25 bps reduction. Softer US data and dovish expectations are keeping the dollar index below 100 and supporting majors like the euro and pound.

Euro has climbed toward the 1.17 area, with EUR/USD trading around 1.166–1.167 and sitting near a 7‑week high as the market positions for continued USD weakness. Forecasts for today point to a corrective dip toward support near 1.1615, then a possible new bullish leg targeting the 1.17–1.1745 zone if buyers defend that area.

EUR/USD – buy the dips?

Analysts note that rising US unemployment and expectations of easier Fed policy are helping the euro regain ground, with EUR/USD still in a broader uptrend on higher timeframes. Short‑term scenarios for today suggest that any pullback into 1.1615 support could attract buyers, with upside levels watched at 1.1700–1.1745, while a break below 1.1600 would warn of a deeper correction.

For your ZNJ audience, you can connect this move to trend‑following EAs: explain how a system using M5/M15 entries with H1 trend filters would look for buys on pullbacks inside this bullish channel instead of chasing breakouts. You can also highlight risk management ideas like scaling in only when price rejects support and using trailing stops below recent swing lows to ride any extension toward 1.17+.

Gold (XAUUSD) – corrective but still bullish

Gold is trading in a short‑term correction after recently touching resistance around 4,210–4,265, but medium‑term forecasts still point to upside as long as key support levels hold. Today’s technical outlook shows XAUUSD hovering above support around 4,165–4,193, with scenarios for a bounce toward 4,230–4,345 if dollar weakness resumes and US data disappoints.

Bearish invalidation levels for the bullish gold view sit near 4,105–4,065; a daily close below that zone would open the door to a deeper downside leg. In your article, you can show how a gold EA like “ZNJ Gold Scalper 5min” might treat this as a range‑trading day: fading extremes inside the channel while keeping maximal drawdown under control with tight SL and dynamic trailing TP.

How to trade today’s theme with robots

The macro narrative is simple: dovish Fed expectations → lower US yields → weaker USD → support for EUR, gold, and other risk‑sensitive assets. Turn this into a practical section where you explain how algorithmic strategies adapt: filtering signals by USD weakness, prioritizing long setups on EUR/USD and XAUUSD, and reducing exposure on USD‑long pairs such as USD/JPY unless risk‑off sentiment suddenly returns.