ไทม์ไลน์ข่าวสาร forex

12:38 JPY gains as BoJ hikes support currency – ING
The Japanese Yen (JPY) is finding support from expected BoJ rate hikes, with markets pricing a 25bp move for December 19. USD/JPY is projected to reach 152 by year-end, with a modest 148 forecast for 2026 as Japan balances reflation and currency strength, ING's FX analyst Chris Turner notes.

The Japanese Yen (JPY) is finding support from expected BoJ rate hikes, with markets pricing a 25bp move for December 19. USD/JPY is projected to reach 152 by year-end, with a modest 148 forecast for 2026 as Japan balances reflation and currency strength, ING's FX analyst Chris Turner notes.USD/JPY set for modest year-end pullback"October's spike in USD/JPY above 150 came as a shock to many. And by mid-November, most had concluded there was little that could turn USD/JPY around apart from heavy official intervention at 160. Additionally, we've been asked several times whether the yen is losing its safe-haven status. We've replied that the benign risk environment means the yen has not seriously been tested on that score.""However, it now seems that the prospect of Bank of Japan hikes is finally supporting the yen. A 25bp hike is virtually priced for the 19 December meeting and the 1m JPY OIS rate, priced two years' forward, has moved to 1.47% from 1.14% in the last month alone. The view here seems to be that the new Japanese government, despite its reflationary credentials, does not want to embrace a weak yen and will allow BoJ rate hikes.""We've got a modest 152 target for USD/JPY by year-end. And also a modest 148 forecast for year-end 2026."

12:35 China lays out plans to boost consumption
China’s Commerce Ministry stated during the European trading session on Friday that the government aims to revive the overall demand, laid out plans to propel the same.

12:21 USD/JPY decouples from yield spreads – MUFG
USD/JPY has broken its historical link to US–Japan yield spreads, with correlations turning negative as Japan-specific risks dominate.

USD/JPY has broken its historical link to US–Japan yield spreads, with correlations turning negative as Japan-specific risks dominate. Fiscal concerns under the new administration may keep the yen weak even if rate differentials continue to compress, MUFG's FX analysts Lee Hardman and Abdul-Ahad Lockhart report.USD/JPY fair balue divergence widens"The recent relationship between USD/JPY and US-JP yield spreads confirms a structural shift in USD/JPY dynamics. Historically, the pair has closely tracked short-term US-JP rate differentials, making the 2-year spread a core input in our short-term fair value model alongside implied volatility, risk reversals, and other macro features." "However, since October, our regression models have shown a persistent mis-valuation between spot and the fair value. This divergence coincides with a sharp drop in correlation between USD/JPY returns and US-JP yield spreads: prior to October 2025, the 12-week rolling correlation with the 10-year spread averaged +0.43, peaking at 0.91 in February, whereas post-October 2025 the average correlation collapsed to -0.07 with eight consecutive negative weeks through to the present." "We interpret this as USD/JPY price action reflecting Japan-centric risk factors rather than US rate dynamics. This shift is driven by fiscal uncertainty triggered by Sanae Takaichi becoming prime minister and the bigger extra budget. Consequently, the upcoming policy decisions from the BoJ and Fed may exert less directional pull on USD/JPY than in prior regimes. If fiscal concerns persist the yen could remain weak even as yield spreads continue to narrow."

12:20 USD/CAD holds losses near 1.3930 with US Inflation, Canada’s Jobs on tap
The US Dollar remains pinned near monthly lows at 1.3930 on Friday, on track to a 0.2% weekly decline, following another 0.9% drop in the previous week, with all eyes on Canada’s employment figures and the US Personal Consumption Expenditures (PCE) Prices Index releases, due later today.Recent US em

12:01 GBP rally seen as short squeeze, not repricing of UK risk – ING
The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.

The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.GBP/USD targeted at 1.34 as Dollar softens"Sterling continues to do well. We doubt this represents a major reassessment of UK sovereign risk, although we note that the 10-year Gilt swap spread has held onto its modest narrowing and is now at 48bp. This stood at 58bp in late September. We prefer to see the current sterling rally as a short squeeze.""We are a little bearish on the dollar and have a year-end GBP/USD target at 1.34. But we also favour some sterling underperformance against the euro as the Bank of England restarts its easing cycle this December. That should mean EUR/GBP does not spend too much time in the low 0.87s and should be back near 0.88 or above by year-end."

12:01 Greece Gross Domestic Product s.a (YoY): 2% (3Q) vs 1.7%
Greece Gross Domestic Product s.a (YoY): 2% (3Q) vs 1.7%

12:01 Eurozone Employment Change (YoY) came in at 0.6%, above forecasts (0.5%) in 3Q
Eurozone Employment Change (YoY) came in at 0.6%, above forecasts (0.5%) in 3Q

12:00 Eurozone Gross Domestic Product s.a. (YoY) meets forecasts (1.4%) in 3Q
Eurozone Gross Domestic Product s.a. (YoY) meets forecasts (1.4%) in 3Q

12:00 Eurozone Gross Domestic Product s.a. (QoQ) above expectations (0.2%) in 3Q: Actual (0.3%)
Eurozone Gross Domestic Product s.a. (QoQ) above expectations (0.2%) in 3Q: Actual (0.3%)

12:00 Eurozone Employment Change (QoQ) above expectations (0.1%) in 3Q: Actual (0.2%)
Eurozone Employment Change (QoQ) above expectations (0.1%) in 3Q: Actual (0.2%)

11:59 USD/INR extends uptrend toward 90.80–91.00 – Société Générale
USD/INR remains in a firm uptrend after July’s breakout, with scope to test the upper channel at 90.80–91.00, Société Générale's FX analysts note.

USD/INR remains in a firm uptrend after July’s breakout, with scope to test the upper channel at 90.80–91.00, Société Générale's FX analysts note. Rupee under pressure as Dollar rally stretches higher"USD/INR has experienced a steady uptrend after breakout from a base in July. It has carved out an interim high near 90.45 earlier this week. While the move appears somewhat stretched, there are no clear signals of a reversal yet.""If a short-term pullback occurs, the 50-DMA near 88.70 is likely to be an important support. The next objective could be located near the upper limit of a multi-month channel at 90.80/91.00."

11:55 Euro hedging costs collapse, supporting EUR/USD – ING
Eurozone hedging costs on U.S. assets are falling sharply, reinforcing tailwinds for EUR/USD as the Fed easing cycle approaches. Near term, the pair should stay supported around 1.1630/40 with scope to test 1.1700–1.1730, ING's FX analyst Chris Turner notes.

Eurozone hedging costs on U.S. assets are falling sharply, reinforcing tailwinds for EUR/USD as the Fed easing cycle approaches. Near term, the pair should stay supported around 1.1630/40 with scope to test 1.1700–1.1730, ING's FX analyst Chris Turner notes.ECB’s Lane to speak on global imbalances today"The cost for eurozone bond investors to FX hedge their US investments is tumbling. Using three-month forwards, the cost to hedge US risk back into the euro has now dropped to 1.82% per annum from 2.45% back in July. That is a big deal for a bond investor trying to pick up, say, an extra 150bp by investing in US markets. These US hedging costs are expected to drop further as the Fed cuts rates. And these dollar sales from the eurozone buy-side should be a key factor driving EUR/USD higher in 2026.""For today, the eurozone calendar is light. This afternoon, we have a speech from ECB Chief Economist Philip Lane. The subject is global imbalances. Expect to hear more about the international role of the euro and further strong encouragement for politicians to push through reforms, such that the euro can take advantage of the move to a multipolar world.""Back to the short term, and we have a slight bias that EUR/USD trades to 1.1700/1730 and continues to find support in the 1.1630/40 area."

11:44 USD/CAD tests key 200-DMA support zone – Société Générale
USD/CAD is pressing into major support at the 200-day average and the base of its multi-month channel near 1.3920/1.3880, Société Générale's FX analysts note.

USD/CAD is pressing into major support at the 200-day average and the base of its multi-month channel near 1.3920/1.3880, Société Générale's FX analysts note. Break below 1.3880 opens path to 1.3830, 1.3770"USD/CAD has pulled back towards the lower limit of a multi-month channel and the 200-DMA at 1.3920/1.3880. It will be interesting to see if the pair can maintain above this zone. A brief bounce is possible, however, recent highs near 1.4150 may provide resistance." "In case the pair fails to defend the moving average, the decline may extend. The next objectives could be located at 1.3830 and September low of 1.3770/1.3725."

11:30 Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.00 per troy ounce, up 1.56% from the $57.11 it cost on Thursday.

11:15 GBP/JPY Price Forecast: Pound found resistance at 207.35 area
The Pound is in a positive trend against the Yen. The pair has rallied about 3.5% from early November lows, although the rally has stalled this week, with bulls failing to find follow-through beyond the 2076.35 area.

11:00 Italy Retail Sales n.s.a (YoY): 1.3% (October) vs 0.5%
Italy Retail Sales n.s.a (YoY): 1.3% (October) vs 0.5%

11:00 Italy Retail Sales s.a. (MoM) above expectations (0.4%) in October: Actual (0.5%)
Italy Retail Sales s.a. (MoM) above expectations (0.4%) in October: Actual (0.5%)

10:59 Pound Sterling sees more upside on UK budget-relief rally, upwardly revised PMI
The Pound Sterling (GBP) strives to extend its recent rally against its major currency peers on Friday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Pound Sterling aims to extend its upside further due to multiple tailwinds.UK S&P Global Composite PMI is revised higher to 51.2 in November.Investors expect both the Fed and the BoE to cut interest rates this month.The Pound Sterling (GBP) strives to extend its recent rally against its major currency peers on Friday. The British currency has been outperforming its peers for over a week, prompted by the United Kingdom (UK) budget announced on November 26, and an upward revision in the S&P Global Purchasing Managers’ Index (PMI) data for November.The budget announced by Chancellor of the Exchequer Rachel Reeves last week unveiled the Labour Party’s plans to raise 26 billion pounds in taxes to fill the fiscal hole without having a material burden on households.Financial market participants were worried before the budget announcement that the government might go against its self-imposed fiscal rules to address welfare spending measures, a scenario that could have promoted UK gilt yields. However, the government passed the bond market test and also presented large-scale investment plans.On Wednesday, the S&P Global reported that the Composite PMI rose to 51.2 against the preliminary reading of 50.5, which diminished fears of muted business activity.Going forward, the major trigger for the Pound Sterling will be market expectations for the Bank of England’s (BoE) monetary policy outlook. The BoE is expected to cut interest rates in the next meeting on December 18 to support weakening job market conditions.Daily digest market movers: Pound Sterling continues to outperform US DollarThe Pound Sterling trades 0.2% higher to near 1.3360 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair gains as the US Dollar retreats to near its five-week low, with traders remaining confident that the Federal Reserve (Fed) will cut interest rates in its monetary policy meeting next week.During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, falls back to near the five-week low around 98.75.According to the CME FedWatch tool, the probability of the Fed cutting interest rates by 25 basis points (bps) to 3.50%-3.75% in the December policy meeting is 87%.Firm Fed dovish expectations are backed by weakening US job market conditions. The US ADP reported on Wednesday that the private sector shed 32K jobs in November, while it was expected to add 5K fresh workers.The minutes of the Federal Open Market Committee (FOMC) meeting in October also showed that policymakers acknowledged downside labor market risks and the need to loosen monetary conditions further. However, several members argued against reducing interest rates in December.In Friday’s session, investors will focus on the US Personal Consumption Expenditure Price Index (PCE) data for September, which will be released later in the day. However, its impact might be insignificant on expectations towards the Fed's next step as it is delayed data.Technical Analysis: GBP/USD aims to break above the 50% Fibonacci retracement near 1.3400The Pound Sterling trades firmly near its monthly high of 1.3385 against the US Dollar, posted on Thursday. The pair holds above a rising 20-day Exponential Moving Average (EMA) at 1.3227, maintaining a positive near-term bias. The 20-day EMA has sloped higher in recent sessions, and dips remain shallow.The 14-day Relative Strength Index (RSI) at 62.77 reflects bullish momentum.Momentum remains supportive, while price stays above the rising 20-day EMA. A daily close above the 50% Fibonacci retracement at 1.3402 would reinforce the bullish tone and open room for continuation towards the October 17 high of 1.3471. Conversely, failure to breach that barrier would keep the pair consolidating, with pullbacks leaning toward the 38.2% Fibonacci area and trend support. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

10:34 EUR/USD holds gains with Eurozone GDP and US PCE inflation in focus
EUR/USD resumes gains on Friday, trading at 1.1660 at the time of writing, after bouncing from the 1.1640 area on Thursday. Downside attempts remain limited with markets bracing for a quarter-point interest rate cut by the Federal Reserve next week.

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Downside attempts remain limited with markets bracing for a quarter-point interest rate cut by the Federal Reserve next week. Economic data released on Thursday revealed that US initial Jobless Claims declined unexpectedly in the last week of November, although the figures might have been distorted by the Thanksgiving holidays.Beyond that, US Challenger Job Cuts declined by 53% in November, to 71,321 from 153,074 in October, although the report also showed that hiring plans remained stalled amid the uncertain economic context. In the Eurozone calendar, the third estimation of the Q3 Gross Domestic Product (GDP) and the Employment Change of the same period will attract attention during the European session, although the main focus will be on September's delayed US Personal Consumption Expenditures (PCE) Price Index, the last inflation gauge ahead of next week's Fed monetary policy meeting. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.13% -0.15% -0.36% -0.07% -0.19% -0.14% -0.13% EUR 0.13% -0.02% -0.23% 0.06% -0.06% -0.01% 0.00% GBP 0.15% 0.02% -0.23% 0.08% -0.04% 0.01% 0.02% JPY 0.36% 0.23% 0.23% 0.29% 0.16% 0.20% 0.22% CAD 0.07% -0.06% -0.08% -0.29% -0.13% -0.08% -0.06% AUD 0.19% 0.06% 0.04% -0.16% 0.13% 0.05% 0.06% NZD 0.14% 0.00% -0.01% -0.20% 0.08% -0.05% 0.00% CHF 0.13% -0.00% -0.02% -0.22% 0.06% -0.06% -0.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote). Daily Digest Market Movers: US Dollar remains on the defensive amid Fed cutting hopesThe US Dollar remains the worst performer of the G8 currencies this week. The downbeat ADP Employment Change report seen earlier this week has cemented hopes that the Fed will cut rates next week, while in Europe, manufacturing activity data beat expectations, providing additional support to the Euro.On Thursday, Eurozone Retail Sales disappointed with a 0% growth in October, undershooting market expectations of a 0.1% growth. September's data was revised up to a 0.1% rise from the previously estimated 0.1% decline. The Euro pulled back after the release to pick up shortly afterwards.US Initial Jobless Claims dropped to 191,000 in the last week of November, their lowest level in three years, from 218,00 in the previous week. The market took these figures with caution, as job seekers might have left their unemployment claims on hold during the Thanksgiving holidays.Futures markets are pricing in an 87% chance of a 25 basis points Fed interest rate cut at their December 10 meeting, and between two and three more cuts next year, according to the CME Group's Fedwatch Tool. News about the possibility of White House economic adviser Kevin Hassett replacing Jerome Powell as the next Fed chairman is also weighing on the US Dollar. The Financial Times has reported that Bond investors have complained to the US Treasury, concerned that Hassett might carry on an aggressive easing cycle.In the Eurozone, the focus on Friday is on the Q3 GDP latest estimate, which is expected to confirm that the economy grew 0.2% QoQ and 1.4% YoY from the same period last year, from 0.1% and 1.5% respectively in Q2.The Eurozone Employment Change, also out this Friday, is seen growing 0.1% in the quarter and 0.5% year-on-year, unchanged from the previous month.Later on the day, the US PCE Price Index is expected to confirm that inflation remains sticky, with the headline reading accelerating to a 2.8% year-on-year reading, from 2.7% in August, and the core reading growing at a steady 2.9% yearly pace.
Technical Analysis: EUR/USD bulls remain capped below 1.1680EUR/USD 4-Hour Chart
EUR/USD maintains its immediate bullish trend intact, with downside attempts contained above trendline support, now at 1.1630, while the 1.1670-1.1680 area keeps holding bulls. The 4-hour Relative Strength Index (RSI) remains steady above the 50 level, currently at 61, although the Moving Average Convergence Divergence (MACD) indicator has pulled back below the zero level, indicating that the bullish trend is losing steam.Bulls need to breach Thursday's high at 1.1682 to extend their rally towards the October 17 high, near 1.1730, ahead of the October 1 high, at 1.1778.

A bearish reaction below the mentioned 1.1630 level, on the contrary, might lure bears to retest the weekly lows at 1.1595. Further down, the November 26 and 28 lows in the 1.1550-1.1555 area emerge as the next targets. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

10:24 NZD/USD bounces up to fresh highs at 0.5780 amid US Dollar’s weakness
The New Zealand Dollar maintains its bullish trend against its US counterpart intact. Downside attempts have been contained above 0.5760, and the pair resumed its uptrend from mid-November lows, reaching monthly highs at 0.5780, with October 6 and 29 highs, in the 0.5800 area coming into focus.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The New Zealand Dollar hit a fresh monthly high at 05780 against the USD.Fed monetary easing expectations are keeping the US Dollar rallies limited.The RBNZ, on the contrary, might have reached the end of its easing cycle.The New Zealand Dollar maintains its bullish trend against its US counterpart intact. Downside attempts have been contained above 0.5760, and the pair resumed its uptrend from mid-November lows, reaching monthly highs at 0.5780, with October 6 and 29 highs, in the 0.5800 area coming into focus.The pair is on track to close the week with a nearly 3% rally over the last two weeks, fuelled by overall US Dollar weakness, as traders brace for a 25 basis points interest rate cut by the US Federal Reserve next week, and for two or three more rate cuts next year.US employment data has boosted hopes of Fed easingThe unexpected decline in net jobs reported by the ADP Employment Change cemented hopes of a Fed interest rate cut next week. The key Nonfarm Payrolls report for November, which should be released on Friday, will be delayed until the second week of December due to a record-long US government shutdown that has delayed official data. In New Zealand, the calendar has been light this week, but the Kiwi remains supported by the Reserve Bank of New Zealand’s (RBNZ) hawkish monetary policy stance. The bank cut rates by 25 basis points at their November meeting, but signalled the end of the easing cycle, which sent the NZD rallying against its main peers.On Tuesday, Anna Breman, the new RBNZ Governour, made her first public appearance at New Zealand’s Parliament to assure that she will be “laser focused on inflation”. These comments endorse the hawkish view and the monetary policy divergence with the US Federal Reserve, which is supporting the New Zealand Dollar’s rally. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

10:02 Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November
Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November

10:01 Austria Wholesale Prices n.s.a (MoM): 0.9% (November) vs -0.3%
Austria Wholesale Prices n.s.a (MoM): 0.9% (November) vs -0.3%

10:01 Austria Wholesale Prices n.s.a (YoY): 0.9% (November) vs 0.2%
Austria Wholesale Prices n.s.a (YoY): 0.9% (November) vs 0.2%

10:00 Spain Industrial Output Cal Adjusted (YoY) down to 1.2% in October from previous 1.7%
Spain Industrial Output Cal Adjusted (YoY) down to 1.2% in October from previous 1.7%

10:00 Austria Trade Balance: €-230.8M (September) vs €-1895.6M
Austria Trade Balance: €-230.8M (September) vs €-1895.6M

09:51 Japan’s Kihara: Remains vigilant to excessive, disorderly moves in FX market
Japan chief Cabinet secretary, Minoru Kihara said during the European trading session on Friday that the government will take appropriate steps to support the Japanese Yen (JPY) against excessive and disorderly moves in the FX market.

09:45 France Industrial Output (MoM) registered at 0.2% above expectations (-0.3%) in October
France Industrial Output (MoM) registered at 0.2% above expectations (-0.3%) in October

09:45 France Trade Balance EUR increased to €-3.92B in October from previous €-6.58B
France Trade Balance EUR increased to €-3.92B in October from previous €-6.58B

09:45 France Current Account climbed from previous €-1.6B to €1.1B in October
France Current Account climbed from previous €-1.6B to €1.1B in October

09:45 France Exports, EUR dipped from previous €51.92B to €51.7B in October
France Exports, EUR dipped from previous €51.92B to €51.7B in October

09:45 France Imports, EUR down to €55.7B in October from previous €58.5B
France Imports, EUR down to €55.7B in October from previous €58.5B

09:45 France Trade Balance EUR increased to €-3.9B in October from previous €-6.58B
France Trade Balance EUR increased to €-3.9B in October from previous €-6.58B

09:14 Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.36 per barrel, down from Thursday’s close at $59.48.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.16.

09:03 EUR/GBP trades flat above 0.8700 amid BoE rate cut speculation
The EUR/GBP cross trades on a flat note near 0.8735 during the early European session on Friday. Concerns over UK tax hikes and a dovish stance from the Bank of England (BoE) could exert downward pressure on the Pound Sterling.

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Signs of a slowing UK economy and rising bets of BoE interest rate cuts could drag the GBP lower. Money markets indicate a high probability that the ECB will keep interest rates unchanged in December. The EUR/GBP cross trades on a flat note near 0.8735 during the early European session on Friday. Concerns over UK tax hikes and a dovish stance from the Bank of England (BoE) could exert downward pressure on the Pound Sterling. Traders will take more cues from the third estimate of the Q3 Gross Domestic Product (GDP) Growth Rate from the Eurozone later on Friday. Signs of a weakening UK economy and the UK Autumn November budget have reinforced bets for a December rate cut from the BoE. UK Prime Minister Keir Starmer emphasized the need to bring inflation and interest rates down to boost business investment and economic growth. The UK central bank is expected to cut its interest rates by 25 bps to 3.75% in the monetary policy announcement on December 18 amid a cooling UK job market. This, in turn, could undermine the GBP and create a tailwind for the cross.The European Central Bank (ECB) left its key interest rates unchanged at the October meeting, with the deposit rate at 2.00%. The next monetary policy meeting is scheduled for December 18. Financial markets project that rates will be kept on hold at the upcoming policy meeting and have significantly reduced expectations for cuts in 2026. Rising expectations that the ECB is done cutting interest rates could underpin the EUR against the GBP in the near term. Goldman Sachs analysts anticipate the deposit rate will stay at 2.0% throughout 2026 unless inflation significantly decreases. Meanwhile, Deutsche Bank economists see a probability of a 25 basis point (bps) rate hike by the end of 2026, citing inflationary pressure. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

09:02 Germany Factory Orders n.s.a. (YoY) up to -0.7% in October from previous -4.3%
Germany Factory Orders n.s.a. (YoY) up to -0.7% in October from previous -4.3%

09:02 Germany Factory Orders n.s.a. (YoY) up to 1.5% in October from previous -4.3%
Germany Factory Orders n.s.a. (YoY) up to 1.5% in October from previous -4.3%

09:00 United Kingdom Halifax House Prices (MoM) below forecasts (0.4%) in November: Actual (0%)
United Kingdom Halifax House Prices (MoM) below forecasts (0.4%) in November: Actual (0%)

09:00 Germany Factory Orders s.a. (MoM) registered at 1.5% above expectations (0.5%) in October
Germany Factory Orders s.a. (MoM) registered at 1.5% above expectations (0.5%) in October

09:00 Canada Unemployment Rate expected to edge higher in November ahead of BoC rate decision
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a weak print. The Unemployment Rate is expected to tick higher to 7% in November, while the Employment Change is forecast to come in flat after a nice gain in October.

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50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Canadian Unemployment Rate is seen edging higher in November.Extra cooling of the labour market could reinforce additional rate cuts.The Canadian Dollar maintains its recovery in place so far this week.Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a weak print. The Unemployment Rate is expected to tick higher to 7% in November, while the Employment Change is forecast to come in flat after a nice gain in October.A weaker report could strengthen the case for the Bank of Canada (BoC) to continue its easing cycle next week after cutting its policy rate by 25 basis points to 2.25% at its October 29 gathering, following the September rate reduction.The Bank of Canada cut its benchmark rate by 25 basis points to 2.25% in late October; no surprises there. In addition, policymakers said they think rates are now roughly where they need to be to keep inflation near target while still giving the economy a bit of support as it works through the fallout from the US-driven trade war.Markets do not expect the central bank to lower interest rates next week, while implied rates suggest a marginal tightening by the end of 2026.What can we expect from the next Canadian Unemployment Rate print?Consensus among market participants projects a slight rise in Canada’s Unemployment Rate to 7% last month, up from October’s 6.9%. Additionally, investors forecast the economy will add no jobs in November, reversing October’s 66.6K increase. It is worth recalling that Average Hourly Wages rose at an annualised 4% in October, pointing to sticky wage inflation.According to analysts at TD Securities: “The November jobs report will provide the main risk for events this week, with TD and the market looking for the labour market to give back some recent strength as the unemployment rate edges higher to 7.0%.”When is the Canada Unemployment Rate released, and how could it affect USD/CAD?All eyes in Canada will be on Friday’s GDP release, due at 13:30 GMT. A stronger print could give the Canadian Dollar (CAD) a quick lift, but don’t expect fireworks.USD/CAD has been on a steady decline almost entirely to the tune of the US Dollar (USD) lately, and that story is still all about the timing of further easing by the Federal Reserve (Fed).Pablo Piovano, Senior Analyst at FXStreet, points out that the CAD has clawed back a bit of ground since its lows late in the previous month, nudging USD/CAD back below the key 1.4000 support. He also notes that the technical setup still leans toward further losses if spot manages to clear its key 200-day SMA at 1.3913.From here, Piovano says a return of bullish momentum could send USD/CAD up to test the November high at 1.4140 (November 5), and if that breaks, the next target would be the April peak at 1.4414 (April 1).On the flip side, he highlights initial support at the December floor of 1.3925 (December 4), followed by that key 200-day SMA. A clean break lower would put the October base at 1.3887 (October 29) on the radar, ahead of the September trough at 1.3726 (September 17) and the July valley at 1.3556 (July 3).“Momentum favours extra declines,” he adds, noting that the Relative Strength Index (RSI) is hovering near 40 and the Average Directional Index (ADX) around 21 suggests the underlying trend appears to be gathering traction. Economic Indicator Average Hourly Wages (YoY) The Average Hourly Wages, released by Statistics Canada, measures the increase in the salaries earned by permanent employees in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending, which stimulates economic growth. Generally, a high reading is seen as bullish for the Canadian Dollar (CAD), while a low reading is seen as bearish. Read more. Last release: Fri Nov 07, 2025 13:30 Frequency: Monthly Actual: 4% Consensus: - Previous: 3.6% Source: Statistics Canada Employment FAQs How do employment levels affect currencies? Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages. Why is wage growth important? The pace at which salaries are growing in an economy is key for policymakers. High wage growth means that households have more money to spend, usually leading to price increases in consumer goods. In contrast to more volatile sources of inflation such as energy prices, wage growth is seen as a key component of underlying and persisting inflation as salary increases are unlikely to be undone. Central banks around the world pay close attention to wage growth data when deciding on monetary policy. How much do central banks care about employment? The weight that each central bank assigns to labor market conditions depends on its objectives. Some central banks explicitly have mandates related to the labor market beyond controlling inflation levels. The US Federal Reserve (Fed), for example, has the dual mandate of promoting maximum employment and stable prices. Meanwhile, the European Central Bank’s (ECB) sole mandate is to keep inflation under control. Still, and despite whatever mandates they have, labor market conditions are an important factor for policymakers given its significance as a gauge of the health of the economy and their direct relationship to inflation.

08:07 Forex Today: US Dollar loses recovery momentum before next batch of data
Here is what you need to know on Friday, December 5:

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In the second half of the day, the US Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for September, the Federal Reserve's (Fed) preferred gauge of inflation. Later in the American session, investors will pay close attention to the University of Michigan's (UoM) Consumer Sentiment Index report for December. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.51% -0.80% -0.97% -0.20% -1.15% -0.66% -0.06% EUR 0.51% -0.28% -0.45% 0.32% -0.64% -0.14% 0.46% GBP 0.80% 0.28% 0.08% 0.60% -0.36% 0.14% 0.74% JPY 0.97% 0.45% -0.08% 0.77% -0.21% 0.30% 0.90% CAD 0.20% -0.32% -0.60% -0.77% -1.01% -0.46% 0.14% AUD 1.15% 0.64% 0.36% 0.21% 1.01% 0.50% 1.10% NZD 0.66% 0.14% -0.14% -0.30% 0.46% -0.50% 0.60% CHF 0.06% -0.46% -0.74% -0.90% -0.14% -1.10% -0.60% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Upbeat data releases from the US helped the USD hold its ground on Thursday. Challenger, Gray & Christmas reported that planned job cuts declined 53% from October to 71,321 in November. Additionally, the US Department of Labor's weekly publication showed that Initial Jobless Claims declined to 191,000 from 218,000 in the previous week. This reading came in better than the market expectation of 220,000. Nevertheless, the CME Group FedWatch Tool's probability of a 25 basis points (bps) Fed rate cut in December held steady at around 90% even after these figures, causing the USD's recovery to remain shallow. The USD Index stays on the back foot and fluctuates in negative territory below 99.00 in the European morning on Friday. USD/CAD closed marginally higher on Thursday but retreated to the 1.3950 area early Friday. Later in the session, Statistics Canada will publish the November employment data. Investors expect the Unemployment Rate to edge higher to 7% from 6.9% in October.Japan’s Finance Minister Satsuki Katayama said on Friday that interest rates are shaped by “various factors” and reiterated that the government will closely monitor market developments, pursue appropriate debt-management policies, and craft budgets with fiscal sustainability in mind. After closing marginally lower on Thursday, USD/JPY continues to push lower on Friday and was last seen down 0.3% on the day at 154.65.EUR/USD lost about 0.25% on Thursday and snapped an eight-day winning streak. The pair regains its traction in the European morning and trades above 1.1650. Eurostat will publish revisions to third-quarter Employment Change and Gross Domestic Product data later in the session.Following Wednesday's sharp upsurge, GBP/USD corrected lower on Thursday and ended the day with small losses. The pair holds steady at around 1.3350 in the early European session on Friday.Gold struggled to make a decisive move in either direction on Thursday and ended the second consecutive day virtually unchanged. XAU/USD edges slightly higher early Friday and trades above $4,200. Inflation FAQs What is inflation? Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%. What is the Consumer Price Index (CPI)? The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls. What is the impact of inflation on foreign exchange? Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money. How does inflation influence the price of Gold? Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.

08:05 AUD/USD Price Forecast: Revisits two-month high near 0.6620
The AUD/USD pair extends its winning streak for the eleventh trading day on Friday, rising to near 0.6620 during the early European trading session.

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p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}AUD/USD rises to near 0.6620 due to continued outperformance from the Australian Dollar.RBA’s Bullock keeps the option of further monetary policy tightening on the table.Investors seem confident that the Fed will reduce interest rates next week.The AUD/USD pair extends its winning streak for the eleventh trading day on Friday, rising to near 0.6620 during the early European trading session. The Aussie pair trades firmly as the Australian Dollar (AUD) outperforms its peers amid expectations that the Reserve Bank of Australia (RBA) could adopt a hawkish monetary stance to tame de-anchoring inflation expectations. Australian Dollar Price This week The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.52% -0.80% -0.99% -0.21% -1.15% -0.66% -0.06% EUR 0.52% -0.28% -0.47% 0.32% -0.63% -0.14% 0.46% GBP 0.80% 0.28% 0.06% 0.60% -0.35% 0.13% 0.74% JPY 0.99% 0.47% -0.06% 0.80% -0.18% 0.32% 0.92% CAD 0.21% -0.32% -0.60% -0.80% -1.00% -0.46% 0.14% AUD 1.15% 0.63% 0.35% 0.18% 1.00% 0.49% 1.09% NZD 0.66% 0.14% -0.13% -0.32% 0.46% -0.49% 0.60% CHF 0.06% -0.46% -0.74% -0.92% -0.14% -1.09% -0.60% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). RBA hawkish speculation intensified on Thursday after the release of the Australian monthly household spending data for October, which came in stronger at 1.3% against 0.3% in September.Earlier this week, RBA Governor Michele Bullock also stated during his testimony before the Parliamentary Committee that monetary policy adjustments would be needed if inflation proves to be persistent.Meanwhile, the US Dollar (USD) trades cautiously as investors are confident that the Federal Reserve (Fed) will cut interest rates in its monetary policy announcement on Wednesday. The CME FedWatch tool shows that the probability of the Fed cutting interest rates by 25 basis points (bps) to 3.50%-3.75% in the December policy meeting is 87%.AUD/USD daily chartAUD/USD trades higher at 0.6622 on Friday. The 20-day Exponential Moving Average (EMA) slopes higher, and the price holds above it, reinforcing a bullish tone. The distance over the 20-day EMA points to trend extension rather than mean reversion.The 14-day Relative Strength Index (RSI) at 66.00 signals firm momentum without an overbought reading.RSI north of 60 supports the upside and would turn cautionary only on a reversal. The 20-day EMA at 0.6542 supports; a daily close below that line could tilt the bias into a corrective pullback. On the upside, the Aussie pair could rise towards the September 18 high at 0.6660 if it breaks above the 0.6629 hurdle, which is the highest level in October.(The technical analysis of this story was written with the help of an AI tool) Economic Indicator Fed Interest Rate Decision The Federal Reserve (Fed) deliberates on monetary policy and makes a decision on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment. Its main tool for achieving this is by setting interest rates – both at which it lends to banks and banks lend to each other. If it decides to hike rates, the US Dollar (USD) tends to strengthen as it attracts more foreign capital inflows. If it cuts rates, it tends to weaken the USD as capital drains out to countries offering higher returns. If rates are left unchanged, attention turns to the tone of the Federal Open Market Committee (FOMC) statement, and whether it is hawkish (expectant of higher future interest rates), or dovish (expectant of lower future rates). Read more. Next release: Wed Dec 10, 2025 19:00 Frequency: Irregular Consensus: 3.75% Previous: 4% Source: Federal Reserve

08:05 South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B
South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B

08:00 South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November
South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November

07:58 USD/CHF declines below 0.8050 amid Fed rate cut expectations, US PCE inflation data eyed
The USD/CHF pair loses momentum to around 0.8030 during the early European session on Friday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}USD/CHF weakens to near 0.8030 in Friday’s early European session. The prospect of Hassett taking over as Fed Chair after Jerome Powell’s term ends in May could weigh on the USD. Softer-than-expected Swiss CPI inflation data could weigh on the Swiss Franc and help limit the pair’s losses. The USD/CHF pair loses momentum to around 0.8030 during the early European session on Friday. Rising bets for a US interest rate cut next week and the prospect of White House economic adviser Kevin Hassett taking over as Federal Reserve (Fed) Chair weigh on the US Dollar (USD) against the Swiss Franc (CHF). The US Personal Consumption Expenditures (PCE) Price Index inflation report for September will take center stage later on Friday. The Greenback remains under selling pressure as traders increase their expectation that the US central bank will deliver a 25 basis points (bps) rate reduction at its December meeting. According to the CME FedWatch tool, financial markets are currently pricing in nearly an 85% chance of a quarter-point rate cut next week. Furthermore, US President Donald Trump said on Tuesday he plans to announce his choice to succeed Jerome Powell as head of the Fed early next year. White House economic adviser Kevin Hassett has emerged as the frontrunner to be the next Fed chair, which might drag the USD lower, as analysts believe that Hassett is expected to push for more rate cuts.Switzerland's Consumer Price Index (CPI) unexpectedly fell to 0% in November, and the core measure slowed to a four-year low, the Swiss Federal Statistical Office showed on Wednesday. The softer-than-expected inflation reading supports the view that the Swiss National Bank (SNB) will maintain an accommodative monetary policy. This, in turn, could lead to a weakening of the Swiss Franc (CHF) against the Greenback and act as a tailwind for the pair. Swiss Franc FAQs What key factors drive the Swiss Franc? The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone. Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in. How do decisions of the Swiss National Bank impact the Swiss Franc? The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. How does economic data influence the value of the Swiss Franc? Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate. How does the Eurozone monetary policy affect the Swiss Franc? As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.

07:43 USD/INR rises as RBI reduces Repo Rate by 25 bps to 5.25%, as expected
The Indian Rupee (INR) drops against the US Dollar (USD) on Friday, with the USD/INR pair edging higher to near 90.10, as the Reserve Bank of India (RBI) announces a dovish monetary policy.

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The RBI cuts its Repo Rate by 25 basis points (bps) to 5.25%, and announces to inject Rs. 1 lakh crore into the economy through Open Market Operations (OMO), a tool through which the Indian central bank purchases government securities and a three-year USD/INR swap of $5 billion in December.The RBI has explained that members decided unanimously to lower borrowing rates amid cooling inflationary pressures. RBI Governor Sanjay Malhotra stated that the headline inflation has eased significantly and is likely to remain lower than projections.The central bank has projected that both headline and core inflation will remain below 4% during the first half of 2026. For the current financial year, the RBI has revised inflation projections to 2.0% from 2.6% anticipated earlier. Taking strong cues from the Q3 Gross Domestic Product (GDP) data, the RBI has raised growth projections for the current fiscal year to 7.3% from 6.8%.A dovish monetary policy announcement by the RBI is expected to exert pressure on the Indian Rupee going forward, which is already facing the burden of continuous outflow of overseas funds from the Indian stock market amid tariff issues with the United States (US).Foreign Institutional Investors (FIIs) have turned out to be net sellers in all four trading days of December, and have offloaded shares worth Rs. 9,964.72 crores in this period. Overseas investors have also remained net sellers in all months since July.Daily digest market movers: The Fed is expected to cut interest rates next weekThe Indian Rupee falls against the US Dollar, even as the US Dollar struggles to hold its immediate lows. At the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds ground near the five-week low around 98.85 during late Asian trading hours, which it regained on Thursday.The outlook of the US Dollar remains weak as the Federal Reserve (Fed) is widely anticipated to cut interest rates in its monetary policy meeting next week. According to the November 28-December 4 Reuters poll, 82% of economists surveyed predicted that the Fed will reduce its key borrowing rates by 25 basis points (bps) to 3.50%-3.75% to support deteriorating job market conditions.Upbeat Fed dovish expectations are contrary to October’s Federal Open Market Committee (FOMC) minutes, which showed that several members did not necessarily view a reduction in December as appropriate, while remaining confident that more rate cuts would be needed in the distant future.In the monetary policy meeting next week, investors would like to know how much the Fed will cut interest rates further if it decides to reduce the Federal Funds Rate by 25 bps. In addition, investors would also pay close attention to the Fed’s guidance on the labor market outlook.Meanwhile, labor demand has weakened significantly, partly driven by growing acceptance of Artificial Intelligence (AI) by firms. The US ADP reported on Thursday that the private sector shed 32K jobs in November, while it was expected to add 5K fresh workers.In Friday’s session, investors will focus on the US Personal Consumption Expenditure Price Index (PCE) data for September, which will be released on Friday.Technical Analysis: USD/INR gains to near 90.20USD/INR rises to near 90.20 during the opening session on Friday. The pair corrected on Thursday after posting a fresh all-time high around 90.70.The 14-day Relative Strength Index (RSI) retraces to near 67.50 after turning overbought around 76.14, flagging a cool down in stretched momentum.Initial support is the 20-day Exponential Moving Average (EMA) near 89.44; above this gauge, the uptrend would stay in place. On the upside, the pair could extend its rally towards 91.00. Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

07:15 US Dollar Index (DXY) remains close to multi-week low, around 99.00 ahead of US PCE data
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the overnight bounce from its lowest level since late October and trades with a mild negative bias during the Asian session on Friday.

07:04 Japan Leading Economic Index increased to 110 in October from previous 108.6
Japan Leading Economic Index increased to 110 in October from previous 108.6

07:01 Japan Coincident Index rose from previous 114.6 to 115.4 in October
Japan Coincident Index rose from previous 114.6 to 115.4 in October

07:00 Singapore Retail Sales (YoY): 4.5% (October) vs 2.8%
Singapore Retail Sales (YoY): 4.5% (October) vs 2.8%

07:00 Singapore Retail Sales (MoM) increased to 2.3% in October from previous -1.4%
Singapore Retail Sales (MoM) increased to 2.3% in October from previous -1.4%

06:55 EUR/JPY softens to near 180.50 as BoJ rate hike speculation bolsters Japanese Yen
The EUR/JPY cross trades on a softer note around 180.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid growing speculation that the Bank of Japan (BoJ) will raise interest rates when it meets in December.

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The EUR/JPY cross trades on a softer note around 180.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid growing speculation that the Bank of Japan (BoJ) will raise interest rates when it meets in December. The third estimate of the Q3 Gross Domestic Product (GDP) Growth Rate from the Eurozone will be published later on Friday. The BoJ is said to be leaning toward a rate hike at its December meeting, while keeping the option open for further tightening, Bloomberg reported on Friday, citing people familiar with internal discussions. BoJ Governor Kazuo Ueda said earlier on Monday that the Japanese central bank will consider the "pros and cons" of raising rates this month, signaling a strong chance of a hike at the December 18-19 meeting. This would be the first hike since January.Eurozone inflation unexpectedly ticked up in November, suggesting that further rate cuts from the European Central Bank (ECB) are unlikely under current economic conditions. Rising bets that the ECB is done cutting interest rates could underpin the EUR against the JPY. The expectations were reaffirmed by ECB President Christine Lagarde's comment earlier this week, saying that the central bank expects inflation to stay near its 2% goal in the coming months. Meanwhile, ECB policymaker Joachim Nagel stated that rates are currently in a "good place." He added that new forecasts in December will help determine if the bank is on track to meet its medium-term inflation target. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

06:44 Gold flat lines above $4,200 mark; looks to US PCE Price Index for some meaningful impetus
Gold (XAU/USD) struggles to capitalize on the overnight bounce from the $4,175 area, or the vicinity of the weekly trough, and oscillates in a narrow trading range during the Asian session on Friday.

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Traders now seem reluctant and opt to move to the sidelines ahead of the September Personal Consumption Expenditures (PCE) Price Index, or the Federal Reserve's (Fed) preferred inflation gauge. The crucial data will play a key role in influencing the near-term US Dollar (USD) price dynamics and provide a fresh directional impetus to the non-yielding yellow metal.In the meantime, the growing acceptance that the US central bank will lower borrowing costs again next week fails to assist the USD in building on the overnight bounce from its lowest level since late October. This, along with geopolitical uncertainties and the cautious market mood, supports the safe-haven Gold. Moreover, the recent range-bound price action witnessed over the past week or so makes it prudent to wait for a sustained move in either direction before confirming the near-term trajectory for the bullion, which remains on track to register modest weekly losses.Daily Digest Market Movers: Gold struggles as traders seem reluctant ahead of the US inflation dataGlobal outplacement firm Challenger, Gray & Christmas said that planned job cuts declined 53%, to 71,321 in November, from 153,074 in the previous month, which was the highest for an October month since 2003. Separately, the US Labour Department reported that Initial Jobless Claims fell to 191K in the week ended November 29, marking the lowest level in more than three years.Despite the upbeat labor market reports, traders are still pricing in an over 85% probability that the US Federal Reserve will cut interest rates by 25 basis points at its upcoming policy meeting next week. This, in turn, fails to assist the US Dollar to build on Thursday's modest recovery move and continues to act as a tailwind for the non-yielding Gold through the Asian session on Friday.Russian President Vladimir Putin said on Thursday that some proposals in a US plan to end the war in Ukraine are unacceptable, suggesting that any deal is still some ways off. Furthermore, Putin warned again that Ukrainian troops must withdraw from the Donbas region or Russia will seize it. This keeps geopolitical risks in play and turns out to be another factor supporting the commodity.Market participants are now eyeing the September US Personal Consumption Expenditures (PCE) Price Index. The headline print is expected to show that annual inflation in the US edged higher to 2.8% from 2.7% in August. Meanwhile, the core PCE Price Index – which is seen as the Fed's preferred inflation gauge – is seen holding steady at the 2.9% YoY rate during the reported month.Nevertheless, the crucial data will be scrutinized closely for more cues about the Fed's future rate-cut path. This will drive the USD demand and provide a fresh directional impetus to the commodity. In the meantime, the mixed fundamental backdrop, warrants caution before placing aggressive bets around the XAU/USD pair, which seems poised to post modest weekly losses.Gold awaits a breakout through a one-week-old range before the next leg of a directional moveAny upside momentum might continue to face some resistance near the $4,245-4,250 region amid mixed technical oscillators on hourly/daily charts. The next relevant hurdle is pegged near the $4,277-4,278 area, above which the Gold price could aim to reclaim the $4,300 round figure. A sustained strength beyond the latter will be seen as a key trigger for the XAU/USD bulls and pave the way for additional near-term gains.On the flip side, dips towards the weekly low, around the $4,164-4,163 region, might still be seen as a buying opportunity and remain limited. A convincing break below, however, might prompt technical selling and make the Gold price vulnerable to test the $4,100-4,090 confluence. The latter comprises the 200-period Exponential Moving Average (EMA) on the 4-hour chart and an ascending trend-line extending from late October, which in turn, should act as a strong base for the XAU/USD pair. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

06:37 India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.

06:34 India Reverse Repo Rate unchanged at 3.35%
India Reverse Repo Rate unchanged at 3.35%

06:33 India RBI Interest Rate Decision (Repo Rate) meets expectations (5.25%)
India RBI Interest Rate Decision (Repo Rate) meets expectations (5.25%)

06:10 Silver Price Forecast: XAG/USD rises to near $57.50 on dovish Fed expectations
Silver price (XAG/USD) trades 0.5% higher to near $57.50 during the Asian trading session on Friday. The white metal rises after regaining ground, following a correction move to near $56.50 from the all-time high of $58.90.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}Silver price recovers as the Fed is expected to cut interest rates next week.Dovish Fed bets have been prompted by downside US employment risks.Fed’s Powell stated in the October policy meeting that the December rate cut is far from a foregone conclusion.Silver price (XAG/USD) trades 0.5% higher to near $57.50 during the Asian trading session on Friday. The white metal rises after regaining ground, following a correction move to near $56.50 from the all-time high of $58.90.The precious metal bounces back as traders are increasingly confident that the Federal Reserve (Fed) will cut interest rates in the monetary policy meeting next week. Lower interest rates by the Fed bode well for non-yielding assets, such as Silver.According to the CME FedWatch tool, the probability of the Fed cutting interest rates by 25 basis points (bps) to 3.50%-3.75% in the December policy meeting is 87%.Upbeat Fed interest rate cut speculation is contrary to what Chairman Jerome Powell stated in October’s monetary policy press conference. “An interest rate cut in the December meeting is far from a foregone conclusion,” Powell said.Weak United States (US) job market conditions have seldom contributed to firm Fed dovish expectations. The US ADP reported on Thursday that the private sector shed 32K jobs in November, while it was expected to add 5K fresh workers.Meanwhile, several Federal Open Market Committee (FOMC) officials have supported the need to loosen the monetary policy further, citing downside labor market risks.Silver technical analysisXAG/USD trades higher at $57.51 during Friday's Asian trading hours. The 20-day Exponential Moving Average (EMA) climbs to $53.91, underscoring a firm uptrend with price comfortably above trend support. The 20-DAY ema has steepened in recent sessions, reinforcing bullish control.The 14-day Relative Strength Index (RSI) at 68.48 is elevated, signaling strong momentum near overbought territory.The bias stays upward while the 20-day EMA rises and continues to underpin pullbacks. RSI remains strong and just below the 70 mark, which could prompt a brief consolidation before the next leg higher. A sustained close above $57.51 would keep topside pressure intact, while dips holding above the average would preserve the advance.(The technical analysis of this story was written with the help of an AI tool) Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices. How do Silver prices react to Gold’s moves? Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

06:07 GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data
The GBP/USD pair trades on a flat note near 1.3330 during the Asian trading hours on Friday. Traders prefer to wait on the sidelines ahead of the key US inflation report later on Friday.

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Technical Analysis:In the daily chart, GBP/USD trades at 1.3328. The pair holds above the 100-EMA at 1.3300, and the average has flattened after a prior slide, supporting a firmer tone. Price hovers near the upper Bollinger Band at 1.3348 as bands widen, signaling rising volatility and bullish pressure. RSI at 61 shows positive momentum without overbought conditions.Initial resistance is set by the upper band at 1.3348, where a close higher could extend gains. Immediate support aligns with the 100-EMA at 1.3300, followed by the middle band at 1.3189 and the lower band at 1.3029. Holding above the average would keep the bias higher, while a pullback toward the middle band would cool the advance.(The technical analysis of this story was written with the help of an AI tool) Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

05:19 Indonesia Foreign Reserves up to $150.1 in November from previous $149.9
Indonesia Foreign Reserves up to $150.1 in November from previous $149.9

05:15 USD/CAD trades flat near 1.3950 ahead of Canada’s employment data
The USD/CAD pair trades in a tight range around 1.3950 during the Asian trading session on Friday. The Loonie pair wobbles inside Thursday’s trading range as investors await the Canadian labour market data for November, which will be published at 13:30 GMT.

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The Loonie pair wobbles inside Thursday’s trading range as investors await the Canadian labour market data for November, which will be published at 13:30 GMT.Investors will pay close attention to the Canadian employment data to get cues about whether the Bank of Canada (BoC) will extend its monetary easing campaign.The Canadian employment report is expected to show that there were no fresh hiring and lay-offs, following the creation of 66.6K jobs in October. The Unemployment Rate is expected to come in higher at 7% from the prior release of 6.9%.Signs of weakening Canadian job market conditions would prompt the need of an interest rate cut by the BoC in its monetary policy meeting on Wednesday.Meanwhile, the US Dollar (USD) trades cautiously amid firm expectations that the Federal Reserve (Fed) will cut interest rates in its monetary policy meeting next week. At the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, strives to hold its fresh five-week low around 98.75 posted on Thursday.According to the CME FedWatch tool, the probability of the Fed cutting interest rates by 25 basis points (bps) to 3.50%-3.75% in the December policy meeting is 87%.Firm Fed dovish speculation is backed by deteriorating United States (US) labor market conditions, and expectations that inflation-driven by President Donald Trump’s promoted tariff policy is not persistent in nature. Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

04:56 EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and recovers a part of the previous day's retracement slide from the 1.1680 region, or the highest level since October 17.

04:33 Japanese Yen holds steady as BoJ rate hike bets offset weak data; USD/JPY seems vulnerable
The Japanese Yen (JPY) holds steady during the Asian session on Friday and reacts little to the unimpressive data, which showed that Japan's Household Spending unexpectedly fell at the fastest pace in nearly two years in October.

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Bank of Japan (BoJ) Governor Kazuo Ueda earlier this week lifted market expectations for an imminent interest rate hike as early as this month. Furthermore, a reflationary push by new Prime Minister Sanae Takaichi keeps Japanese government bonds (JGB) yields elevated and continues to underpin the lower-yielding JPY.Apart from this, a cautious mood around the equity markets is seen as another factor that benefits the JPY's relative safe-haven status. The US Dollar (USD), on the other hand, struggles to capitalize on the overnight bounce from its lowest level since late October amid the growing acceptance that the US Federal Reserve (Fed) will lower borrowing costs next week. This keeps the USD/JPY pair depressed near a three-week low, touched on Thursday, and backs the case for an extension of the recent decline witnessed over the past two weeks or so.Japanese Yen shrugs off dismal macro data amid hawkish BoJ expectationsData published by Japan's Internal Affairs Ministry showed this Friday that Household Spending fell 2.9% YoY in October 2025, missing market expectations for a 1.0% rise and reversing a 1.8% gain in the prior month. This also marked the first decline since April and the fastest pace of fall since January 2024, raising concerns about the economic outlook.The Japanese Yen, however, remains on the front foot amid prospects for further Bank of Japan tightening. In fact, BoJ Governor Kazuo Ueda said on Monday that the central bank would consider the pros and cons of raising the policy rate at the December 18-19 meeting. This was seen as the clearest hint so far of an impending rate hike and underpins the JPY.Adding to this, Japanese Prime Minister Sanae Takaichi's massive spending plan, to be funded by new debt issuance, has been a key factor behind the recent sharp rise in government bond yields over the past month. The yield on the benchmark 10-year JGB surged to its strongest level since 2007 on Thursday, while the 20-year reached a level not seen since 1999.Furthermore, the 30-year JGB yield hit a record high, resulting in a further narrowing of the rate differential between Japan and other major economies. This raises the risk of the carry trade unwinding and further benefits the JPY. However, rising bond yields mean higher borrowing costs, which fuel concerns about Japan's fiscal situation and keep a lid on the JPY gains.The US Dollar staged a modest recovery from a six-week trough on Thursday and drew support from a duo of upbeat US labor market reports. In fact, Global outplacement firm Challenger, Gray & Christmas said that planned job cuts declined 53% to 71,321 in November, from 153,074 in the previous month, which was the highest for an October month since 2003.Adding to this, the US Labour Department reported that the number of Americans filing new applications for unemployment benefits decreased by 27,000 to 191,000 in the week ended November 29. This marked the lowest level in more than three years, which eased fears of a sharp deterioration in labor market conditions and prompted some USD short-covering.Despite the supportive data, the USD struggles to attract any follow-through buying amid the growing acceptance that the Federal Reserve will lower borrowing costs again at next week's policy meeting. This fails to assist the USD/JPY pair in registering any meaningful recovery from a nearly three-week low set on Thursday and backs the case for further losses.Traders, however, seem reluctant and opt to wait for the release of the US Personal Consumption Expenditure (PCE) Price Index before placing fresh directional bets. The crucial inflation data will play a key role in influencing expectations about the Fed's rate-cut path, which, in turn, will drive the USD and provide some meaningful impetus to the USD/JPY pair.USD/JPY remains vulnerable while below the 100-hour SMA hurdle, around 155.40The recent repeated failures to move back above the 100-hour Simple Moving Average (SMA) and the overnight breakdown below the 155.00 psychological mark favor the USD/JPY bears. Furthermore, technical indicators on hourly charts are holding in negative territory and back the case for a further depreciating move, though neutral oscillators on the daily chart warrant some caution. Hence, any further intraday slide could find some support near the overnight swing low, around mid-154.00s, below which spot prices could accelerate the downfall towards the 154.00 round figure.On the flip side, any meaningful recovery attempt is likely to confront a stiff barrier near the 155.40 region, or the 100-hour SMA. A sustained strength beyond might trigger a short-covering move and allow the USD/JPY pair to reclaim the 156.00 mark. Some follow-through buying should pave the way for a further move up to the next relevant hurdle near the 156.60-156.65 region en route to the 157.00 round figure. Economic Indicator Overall Household Spending (YoY) The Overall Household Spending released by the Ministry of Internal Affairs and Communications is an indicator that measures the total expenditure by households. The level of spending can be used as an indicator of consumer optimism. It is also considered as a measure of economic growth. A high reading is positive (or Bullish) for the JPY, while a low reading is negative (or bearish). Read more. Last release: Thu Dec 04, 2025 23:30 Frequency: Monthly Actual: -2.9% Consensus: 1% Previous: 1.8% Source: Ministry of Economy, Trade and Industry of Japan

04:25 WTI holds below $60.00, Fed rate cut bets cushion losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.

03:49 RBA to hold cash rate at 3.60% through 2026 — Reuters poll
The Reserve Bank of Australia (RBA) will hold its cash rate at 3.60% at its December next week and keep it steady through 2026, according to the latest Reuters poll.

03:16 PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0749 compared to the previous day's fix of 7.0733 and 7.0751 Reuters estimate.

03:06 NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
The NZD/USD pair edges lower to around 0.5765 during the early Asian trading hours on Friday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside for the pair might be limited amid rising bets for a rate cut by the Federal Reserve (Fed) next week.

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Markets are anticipating a 25 basis point interest rate cut from the Fed next week.Traders brace for the delayed US PCE inflation data on Friday for fresh impetus. The NZD/USD pair edges lower to around 0.5765 during the early Asian trading hours on Friday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside for the pair might be limited amid rising bets for a rate cut by the Federal Reserve (Fed) next week. Traders will take more cues from the US delayed Personal Consumption Expenditures (PCE) Price Index report for September, which is due later on Friday.The US central bank is likely to reduce its key interest rate at its December meeting next week after a cooling labor market and dovish remarks from Fed officials like New York Fed President John Williams and Fed Governor Christopher Waller. Fed funds futures traders are now pricing in nearly an 89% chance of a rate reduction next week, up from 71% probability a week ago, according to the CME FedWatch Tool.On the Kiwi front, the Reserve Bank of New Zealand (RBNZ) decided to cut its Official Cash Rate (OCR) by a quarter percentage point to 2.25% last week, as widely expected. The New Zealand central bank signaled that future rate changes will depend on the economic and inflation outlook, and analysts believe the rate-cutting cycle is likely finished for now. This, in turn, could provide some support to the New Zealand Dollar (NZD) against the Greenback. The US delayed PCE inflation data will be in the spotlight later in the day, which could give some insight into the US interest rate path. The headline PCE is expected to show an increase of 2.8% YoY in September, while the core PCE is projected to show a rise of 2.9% during the same period. In case of a hotter-than-expected inflation reading, this could boost the USD and create a headwind for the pair in the near term. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

02:55 AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
The AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.

02:52 Japan’s Katayama says will closely monitor market developments
Japan’s Finance Minister Satsuki Katayama said on Friday that interest rates are shaped by “various factors” and reiterated that the government will closely monitor market developments, pursue appropriate debt-management policies, and craft budgets with fiscal sustainability in mind.

02:05 Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.

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Higher yields and upbeat US jobs data could weigh on Gold price; Rising Fed rate cut bets might cap its losses. The US delayed PCE inflation report will take center stage later on Friday. Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data. The US delayed the Personal Consumption Expenditures (PCE) Price Index report for September, which will be published later on Friday. Higher yields and stronger US jobs data could provide some support to the US Dollar (USD) broadly and weigh on the USD-denominated commodity price. Data released by the US Department of Labour (DOL) on Tuesday showed that US Initial Jobless Claims for the week ending November 29 declined to 191,000, compared to 218,000 in the previous week. This figure came in lower than the market consensus of 220,000. Traders will closely monitor Friday's US PCE inflation data for more clues on the Federal Reserve's (Fed) policy outlook ahead of its December meeting. Any signs of hotter inflation in the US economy could undermine the Gold price in the near term. Meanwhile, the Fed is widely anticipated to reduce its key interest rate by 25 basis points (bps) at its December policy meeting next week. This, in turn, could underpin the yellow metal. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal.Uncertainty and elevated geopolitical risks could boost the safe-haven flows, benefiting the Gold price. US President Donald Trump said on Wednesday that the path ahead for Ukraine peace talks is unclear. These comments came after Trump called the "reasonably good" talks between Russian President Vladimir Putin and US envoys. Ukrainian President Volodymyr Zelenskiy stated that his team is preparing for meetings in the US and that the dialogue with Trump's representatives will continue. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

01:50 Japan JP Foreign Reserves declined to $1B in November from previous $1347.4B
Japan JP Foreign Reserves declined to $1B in November from previous $1347.4B

01:30 Japan Overall Household Spending (YoY) registered at -2.9%, below expectations (1%) in October
Japan Overall Household Spending (YoY) registered at -2.9%, below expectations (1%) in October

01:27 GBP/USD pulls back as bull run hesitates
GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}GBP/USD fell back below 1.3350 on Wednesday, trimming the top off recent gains.Bullish momentum behind the Pound Sterling remains hesitant despite a seven-session slide in the Dollar index.Backdated US PCE inflation data due on Friday could hint at the late-year trajectory of US inflation pressures.GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week. The Pound Sterling (GBP) has climbed against the US Dollar (USD), but a seven-session backlide in the US Dollar Index (DXY) has not translated into one-to-one gains on the Cable chart.The key event for December will be the latest interest rate call from the Federal Reserve (Fed) slated for December 10. Markets remain fully committed to expecting a third straight interest rate trim from the Fed on December 10. According to the CME’s FedWatch Tool, rate traders are pricing in nearly 90% odds of a quarter-point rate cut next week. Official datasets are still lagging well behind the curve as federal agencies struggle to play catchup following the longest US federal government shutdown in history. Recent private datasets have teased that the US labor market could be crumbling further heading into the year’s end, keeping trader expectations of further rate cuts on the high side.Before the Fed can gather to deliberate on interest rates, the latest Personal Consumption Expenditures Price Index (PCE) inflation report will drop on Friday. The figures are from September, and are far too backdated to be immediately relevant to the Fed’s deliberations for a December interest rate cut. However, a hard upswing, even in old data, could throw a wrench in the works for a third straight interest rate trim.GBP/USD daily chart
Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

01:03 USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data weigh on the US Dollar (USD) against the Japanese Yen (JPY).

01:00 South Korea Current Account Balance down to 6.81B in October from previous 13.47B
South Korea Current Account Balance down to 6.81B in October from previous 13.47B

00:33 Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}US Initial Jobless Claims dropped sharply, strengthening the Dollar’s position against the Euro.Traders now see an 85% chance for a Federal Reserve rate cut next week.ECB President Lagarde expects Eurozone inflation to remain near 2% in coming months.Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.EUR/USD poised for further upside on possible Fed rate cutThe financial markets narrative hasn’t changed, as investors are waiting for December 10, the Fed’s D day. Economic data in the US was a tailwind for the Dollar, as Initial Jobless Claims for the week ending November 29 dipped sharply, an indication that the labor market is still firm.Contrarily, the Challenger Jobs Cut data reported that employers cut over 70,000 jobs in November, its highest level for that month since 2022.Given the fundamental backdrop, traders priced in an 85% chance for a Fed rate cut next week. Nevertheless, this could change if the release of the Fed’s favorite inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index for September, surpasses the 3% threshold on Friday.For the Euro, the main supporter is the European Central Bank (ECB) which set interest rates at around 2%, hinted that the easing cycle was over and Lagarde’s remarks on Wednesday, when she said, “inflation to stay near 2% in months ahead.”Data-wise Retail Sales in the Eurozone exceeded estimates in October, and Construction PMI readings for the EZ, Germany, France and Italy, improved, despite remaining in contractionary territory.Daily market movers: Euro boosted by Lagarde’s comments, weak DollarThe Dollar is poised to weaken further, yet as of writing, the US Dollar Index (DXY), which tracks the buck’s performance against six major currencies, gains 0.19% up at 99.05.Initial Jobless Claims for the week ending November 29 were 191K, lower than the estimated 220K and last week's revised 218K. Continuing Claims for November 22 fell to 1.939 million from 1.943 million the prior week.According to Challenger, Gray & Christmas, employers reported 71,321 job cuts in November. This figure represents a 24% increase compared to the same period last year, but a 53% decrease from the number recorded in October of this year.ECB’s President Lagarde added that the EZ economy is in good shape due to a steady household spending and a resilient labor market. The central bank is expected to hold rates unchanged at the December 18 meeting.Technical analysis: EUR/USD holds steady within new range amid fading momentumThe EUR/USD despite dipping, remains stable at around the 1.1650 area for four consecutive sessions, establishing a new trading range between this threshold and 1.1700. Buying momentum has faded as depicted by the Relative Strength Index (RSI), putting in danger a possible test of the 1.1800 figure, before traders could challenge the year-to-date (YTD) high at 1.1918.Should the EUR/USD decline below 1.1650, initial support is provided by the 50-day Simple Moving Average (SMA) at 1.1610, followed by the 20-day SMA at 1.1589, and subsequently at 1.1500.EUR/USD daily chart Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

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12:35 China lays out plans to boost consumption China’s Commerce Ministry stated during the European trading session on Friday that the government aims to revive the overall demand, laid out plans to propel the same.

12:21 USD/JPY decouples from yield spreads – MUFG USD/JPY has broken its historical link to US–Japan yield spreads, with correlations turning negative as Japan-specific risks dominate.

12:01 Greece Gross Domestic Product s.a (YoY): 2% (3Q) vs 1.7% Greece Gross Domestic Product s.a (YoY): 2% (3Q) vs 1.7%

12:01 Eurozone Employment Change (YoY) came in at 0.6%, above forecasts (0.5%) in 3Q Eurozone Employment Change (YoY) came in at 0.6%, above forecasts (0.5%) in 3Q

12:00 Eurozone Gross Domestic Product s.a. (YoY) meets forecasts (1.4%) in 3Q Eurozone Gross Domestic Product s.a. (YoY) meets forecasts (1.4%) in 3Q

12:00 Eurozone Gross Domestic Product s.a. (QoQ) above expectations (0.2%) in 3Q: Actual (0.3%) Eurozone Gross Domestic Product s.a. (QoQ) above expectations (0.2%) in 3Q: Actual (0.3%)

12:00 Eurozone Employment Change (QoQ) above expectations (0.1%) in 3Q: Actual (0.2%) Eurozone Employment Change (QoQ) above expectations (0.1%) in 3Q: Actual (0.2%)

11:59 USD/INR extends uptrend toward 90.80–91.00 – Société Générale USD/INR remains in a firm uptrend after July’s breakout, with scope to test the upper channel at 90.80–91.00, Société Générale's FX analysts note.

11:44 USD/CAD tests key 200-DMA support zone – Société Générale USD/CAD is pressing into major support at the 200-day average and the base of its multi-month channel near 1.3920/1.3880, Société Générale's FX analysts note.

11:30 Silver price today: Silver rises, according to FXStreet data Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.00 per troy ounce, up 1.56% from the $57.11 it cost on Thursday.

11:15 GBP/JPY Price Forecast: Pound found resistance at 207.35 area The Pound is in a positive trend against the Yen. The pair has rallied about 3.5% from early November lows, although the rally has stalled this week, with bulls failing to find follow-through beyond the 2076.35 area.

11:00 Italy Retail Sales n.s.a (YoY): 1.3% (October) vs 0.5% Italy Retail Sales n.s.a (YoY): 1.3% (October) vs 0.5%

11:00 Italy Retail Sales s.a. (MoM) above expectations (0.4%) in October: Actual (0.5%) Italy Retail Sales s.a. (MoM) above expectations (0.4%) in October: Actual (0.5%)

10:59 Pound Sterling sees more upside on UK budget-relief rally, upwardly revised PMI The Pound Sterling (GBP) strives to extend its recent rally against its major currency peers on Friday.

10:02 Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November

10:01 Austria Wholesale Prices n.s.a (MoM): 0.9% (November) vs -0.3% Austria Wholesale Prices n.s.a (MoM): 0.9% (November) vs -0.3%

10:01 Austria Wholesale Prices n.s.a (YoY): 0.9% (November) vs 0.2% Austria Wholesale Prices n.s.a (YoY): 0.9% (November) vs 0.2%

10:00 Spain Industrial Output Cal Adjusted (YoY) down to 1.2% in October from previous 1.7% Spain Industrial Output Cal Adjusted (YoY) down to 1.2% in October from previous 1.7%

10:00 Austria Trade Balance: €-230.8M (September) vs €-1895.6M Austria Trade Balance: €-230.8M (September) vs €-1895.6M

09:45 France Industrial Output (MoM) registered at 0.2% above expectations (-0.3%) in October France Industrial Output (MoM) registered at 0.2% above expectations (-0.3%) in October

09:45 France Trade Balance EUR increased to €-3.92B in October from previous €-6.58B France Trade Balance EUR increased to €-3.92B in October from previous €-6.58B

09:45 France Current Account climbed from previous €-1.6B to €1.1B in October France Current Account climbed from previous €-1.6B to €1.1B in October

09:45 France Exports, EUR dipped from previous €51.92B to €51.7B in October France Exports, EUR dipped from previous €51.92B to €51.7B in October

09:45 France Imports, EUR down to €55.7B in October from previous €58.5B France Imports, EUR down to €55.7B in October from previous €58.5B

09:45 France Trade Balance EUR increased to €-3.9B in October from previous €-6.58B France Trade Balance EUR increased to €-3.9B in October from previous €-6.58B

09:03 EUR/GBP trades flat above 0.8700 amid BoE rate cut speculation The EUR/GBP cross trades on a flat note near 0.8735 during the early European session on Friday. Concerns over UK tax hikes and a dovish stance from the Bank of England (BoE) could exert downward pressure on the Pound Sterling.

09:02 Germany Factory Orders n.s.a. (YoY) up to -0.7% in October from previous -4.3% Germany Factory Orders n.s.a. (YoY) up to -0.7% in October from previous -4.3%

09:02 Germany Factory Orders n.s.a. (YoY) up to 1.5% in October from previous -4.3% Germany Factory Orders n.s.a. (YoY) up to 1.5% in October from previous -4.3%

09:00 United Kingdom Halifax House Prices (MoM) below forecasts (0.4%) in November: Actual (0%) United Kingdom Halifax House Prices (MoM) below forecasts (0.4%) in November: Actual (0%)

09:00 Germany Factory Orders s.a. (MoM) registered at 1.5% above expectations (0.5%) in October Germany Factory Orders s.a. (MoM) registered at 1.5% above expectations (0.5%) in October

08:07 Forex Today: US Dollar loses recovery momentum before next batch of data Here is what you need to know on Friday, December 5:

08:05 AUD/USD Price Forecast: Revisits two-month high near 0.6620 The AUD/USD pair extends its winning streak for the eleventh trading day on Friday, rising to near 0.6620 during the early European trading session.

08:05 South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B

08:00 South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November

07:58 USD/CHF declines below 0.8050 amid Fed rate cut expectations, US PCE inflation data eyed The USD/CHF pair loses momentum to around 0.8030 during the early European session on Friday.

07:43 USD/INR rises as RBI reduces Repo Rate by 25 bps to 5.25%, as expected The Indian Rupee (INR) drops against the US Dollar (USD) on Friday, with the USD/INR pair edging higher to near 90.10, as the Reserve Bank of India (RBI) announces a dovish monetary policy.

07:04 Japan Leading Economic Index increased to 110 in October from previous 108.6 Japan Leading Economic Index increased to 110 in October from previous 108.6

07:01 Japan Coincident Index rose from previous 114.6 to 115.4 in October Japan Coincident Index rose from previous 114.6 to 115.4 in October

07:00 Singapore Retail Sales (YoY): 4.5% (October) vs 2.8% Singapore Retail Sales (YoY): 4.5% (October) vs 2.8%

07:00 Singapore Retail Sales (MoM) increased to 2.3% in October from previous -1.4% Singapore Retail Sales (MoM) increased to 2.3% in October from previous -1.4%

06:44 Gold flat lines above $4,200 mark; looks to US PCE Price Index for some meaningful impetus Gold (XAU/USD) struggles to capitalize on the overnight bounce from the $4,175 area, or the vicinity of the weekly trough, and oscillates in a narrow trading range during the Asian session on Friday.

06:37 India Gold price today: Gold rises, according to FXStreet data Gold prices rose in India on Friday, according to data compiled by FXStreet.

06:34 India Reverse Repo Rate unchanged at 3.35% India Reverse Repo Rate unchanged at 3.35%

06:33 India RBI Interest Rate Decision (Repo Rate) meets expectations (5.25%) India RBI Interest Rate Decision (Repo Rate) meets expectations (5.25%)

06:07 GBP/USD Price Forecast: Constructive view prevails above 1.3300 ahead of US PCE inflation data The GBP/USD pair trades on a flat note near 1.3330 during the Asian trading hours on Friday. Traders prefer to wait on the sidelines ahead of the key US inflation report later on Friday.

05:19 Indonesia Foreign Reserves up to $150.1 in November from previous $149.9 Indonesia Foreign Reserves up to $150.1 in November from previous $149.9

04:56 EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and recovers a part of the previous day's retracement slide from the 1.1680 region, or the highest level since October 17.

04:25 WTI holds below $60.00, Fed rate cut bets cushion losses West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.

03:49 RBA to hold cash rate at 3.60% through 2026 — Reuters poll The Reserve Bank of Australia (RBA) will hold its cash rate at 3.60% at its December next week and keep it steady through 2026, according to the latest Reuters poll.

03:16 PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0749 compared to the previous day's fix of 7.0733 and 7.0751 Reuters estimate.

01:50 Japan JP Foreign Reserves declined to $1B in November from previous $1347.4B Japan JP Foreign Reserves declined to $1B in November from previous $1347.4B

01:30 Japan Overall Household Spending (YoY) registered at -2.9%, below expectations (1%) in October Japan Overall Household Spending (YoY) registered at -2.9%, below expectations (1%) in October

01:27 GBP/USD pulls back as bull run hesitates GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.

01:00 South Korea Current Account Balance down to 6.81B in October from previous 13.47B South Korea Current Account Balance down to 6.81B in October from previous 13.47B

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