Italy Industrial Output w.d.a (YoY) registered at 1.4% above expectations (-0.6%) in November

Italy Industrial Output s.a. (MoM) above forecasts (0.5%) in November: Actual (1.5%)

India Trade Deficit Government rose from previous $24.53B to $25.04B in December

Germany Real GDP Growth rose from previous -0.2% to 0.1%

The GBP/JPY pair claws back its early losses and turns slightly positive to near 213.20 during the European trading session on Thursday. The pair attracts bids as the Pound Sterling (GBP) gains, following the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for November.

The Bank of Korea kept rates unchanged at 2.50% for a fifth straight meeting, with Governor Rhee highlighting currency stability as a key constraint on easing.

The Pound Sterling (GBP) attracts slight bids against its major currency peers on Thursday, following the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for November.

The AUD/USD pair remains steady for the second successive session, trading around 0.6680 during the European hours on Thursday. The daily chart’s technical analysis indicated a weakening bullish bias as the pair remains positioned slightly below the ascending channel pattern.

Turkey Budget Balance up to 528.14B in December from previous 169.49B

Turkey Budget Balance: -528.1B (December) vs previous 169.49B

Spain Consumer Price Index (YoY): 2.9% (December)

Spain Consumer Price Index (MoM) remains at 0.3% in December

Spain Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.3%) in December

Spain Harmonized Index of Consumer Prices (YoY) meets forecasts (3%) in December

NZD/USD has pared its recent gains from the previous session, trading around 0.5740 during the European hours on Thursday.

France Consumer Price Index (EU norm) (YoY) in line with expectations (0.7%) in December

France Consumer Price Index (EU norm) (MoM) meets forecasts (0.1%) in December

France Inflation ex-tobacco (MoM) rose from previous -0.2% to 0.1% in December

Cardano (ADA) edges lower by over 3% at press time on Thursday, extending the second rejection from the 50-day Exponential Moving Average (EMA) so far this month. A bearish side in the retail interest leads to a decline in Open Interest and lowered funding rates.

China M2 Money Supply (YoY) above forecasts (8%) in December: Actual (8.5%)

China New Loans came in at 910B, above expectations (800B) in December

West Texas Intermediate (WTI) Oil price lost its daily gains and is extending its losses for the second successive session, trading around $60.10 per troy ounce during the early European hours on Thursday. Crude Oil prices remain subdued amid easing fears of an imminent US military strike on Iran.

United Kingdom Total Trade Balance declined to £-6.116B in November from previous £-4.824B

United Kingdom Index of Services (3M/3M) registered at 0.2% above expectations (0%) in November

United Kingdom Goods Trade Balance came in at £-23.711B, below expectations (£-20.4B) in November

United Kingdom Trade Balance; non-EU: £-11.457B (November) vs previous £-10.255B

United Kingdom Manufacturing Production (MoM) above expectations (0.5%) in November: Actual (2.1%)