Gold (XAU/USD) retreats slightly from a fresh all-time peak, around the $4,526 area touched earlier this Wednesday, and trades with a negative bias during the first half of the European session.

Dow Jones futures decline 0.11% to trade near 48,700 during the European session on Wednesday, while S&P 500 and Nasdaq 100 futures also decline, edging lower 0.10% and 0.09% to below 7,000 and 25,800, respectively.

Shiba Inu (SHIB) price remains under pressure, trading below $0.000070 on Wednesday as bearish momentum continues to dominate the broader crypto market.

Pepe (PEPE) is down 2% at press time on Wednesday, trading in the red for the fourth consecutive week with a nearly 4% loss so far this week.

West Texas Intermediate (WTI) US Crude Oil prices touch a nearly two-week high, around the $58.55 region on Wednesday, and look to build on the recent recovery from the lowest level since May, touched last week.

USD/CAD loses ground for the third consecutive day, trading around 1.3680 during the early European hours on Wednesday. The daily chart suggests a potential upside breakout, with falling, converging trendlines forming a bullish descending wedge pattern.

The NZD/USD pair extends its upside to near 0.5845 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) on the prospect of a further interest rate cut by the US Federal Reserve (Fed).

Here is what you need to know on Wednesday, December 24:

The EUR/GBP cross trades in negative territory for the fifth consecutive day around 0.8725 during the early European session on Wednesday.

Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.

Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.

Pi Network (PI) edges higher by almost 1% at press time on Wednesday, bouncing off the $0.2000 level after a four-day decline. The recovery lacks momentum as the social interest surrounding Pi Network declines. Technically, PI is at a crossroads, struggling for a rebound as momentum is lacking.

The GBP/JPY cross attracts some sellers for the second straight day on Wednesday and trades around mid-210.00s, closer to the weekly trough during the Asian session. Spot prices, however, remain within striking distance of the highest level since August 2008, touched on Monday.

The Indian Rupee (INR) ticks down against the US Dollar (USD) in the early trading session on Wednesday. The USD/INR pair edges higher to near 90.16, but is broadly in the corrective phase, following the Reserve Bank of India’s (RBI) intervention last week.

Netherlands, The Gross Domestic Product n.s.a (YoY) above expectations (1.6%) in 3Q: Actual (1.8%)

AUD/JPY halts its five-day winning streak. The currency cross is trading around 104.50 after pulling back from 104.72, the highest level since July 2024, reached during the early Asian hours on Wednesday.

Japan Leading Economic Index came in at 109.8 below forecasts (110) in October

Japan Coincident Index climbed from previous 115.4 to 115.9 in October

The GBP/USD pair trades in positive territory near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) strengthens against the Greenback on expectations that the Bank of England (BoE) will follow a gradual monetary easing path in 2026.  

Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.

USD/CHF loses ground for the third consecutive session, trading around 0.7880 during the Asian hours on Wednesday.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) continue to trade in red on Wednesday as recent breakout attempts lose momentum near key resistance levels. BTC failed to reclaim the $90,000, ETH slipped below $3,000, while XRP faced rejection near $1.96.

EUR/USD holds gains for the third successive session, trading around 1.1790 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern.

Midnight (NIGHT), Pump.fun (PUMP) and Bittensor (TAO) are leading losses over the last 24 hours as the broader cryptocurrency market declines. The altcoins under pressure risk further losses as the selling pressure rises just before the holidays.

The EUR/JPY pair trades 0.27% lower to near 183.60 during the Asian trading session on Wednesday.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, prolongs its weekly downtrend for the third straight day and drops to a fresh low since early October during the Asian session on Wednesday.

The Japanese Yen (JPY) edges higher during the Asian session on Wednesday following the release of the Bank of Japan (BoJ) October meeting Minutes, which indicated that policymakers debated the need to continue raising interest rates.