France Business Climate in Manufacturing came in at 102, above expectations (98) in December

Switzerland Exports (MoM): 23478M (November) vs previous 25351M

Switzerland Imports (MoM): 19637M (November) vs previous 21032M

Switzerland Trade Balance declined to 3841M in November from previous 4319M

The Bank of England (BoE) will announce its last monetary policy decision of 2025 on Thursday at 12:00 GMT.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.30 during the early European trading hours on Thursday. The WTI price declines amid a modest rebound in the US Dollar (USD) and signs of weak Chinese energy demand. 

Hyperliquid (HYPE) price steadies at $24.51 at the time of writing on Thursday after correcting nearly 15% so far this week. The price pullback is further strengthening with HYPE’s falling social dominance and Open Interest (OI).

Here is what you need to know on Thursday, December 18:

The GBP/JPY cross struggles to build on a goodish rebound from the 206.75 area, or a one-week low, touched on Tuesday, and oscillates in a narrow band during the Asian session on Thursday.

The EUR/GBP cross gathers strength to near 0.8785 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) on softer-than-expected UK inflation data and firming Bank of England (BoE) rate cut bets.

Netherlands, The Unemployment Rate s.a (3M) remains at 4% in November

Dogecoin (DOGE) trades in the red on Thursday, following a 4% decline on the previous day. The DOGE supply in profit declines as large wallet investors trim their portfolios. Derivatives data shows a surge in bearish positions amid declining retail interest.

The USD/CHF pair trades in a tight range around 0.7950 during the late Asian trading session on Thursday. The Swiss Franc pair wobbles as investors await the United States (US) inflation data for November, which will be published at 13:30 GMT.

EUR/USD remains flat after two days of small losses, trading around 1.1740 during the Asian hours on Thursday. On the daily chart, technical analysis indicates a strengthening of a bullish bias, as the pair continues to trade within an ascending channel pattern.

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Thursday, with the USD/INR pair wobbling around 90.80. Investors anticipated a flat opening amid expectations that the Reserve Bank of India (RBI) could intervene again to support the Indian Rupee.

Gold prices fell in India on Thursday, according to data compiled by FXStreet.

The AUD/JPY cross declines to around 102.70 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid firming expectations for an imminent rate hike by the Bank of Japan (BoJ) this week.

Cardano (ADA) price trades in the red, slipping below $0.37 on Thursday after correcting more than 7% so far this week. The ongoing pullback could deepen further as ADA’s social dominance declines and dormant wallet activity rises, suggesting bearish sentiment among traders.

EUR/JPY holds ground after registering 0.51% gains in the previous session, trading around 182.90 during the Asian hours on Thursday. The currency cross holds steady as the Japanese Yen (JPY) remains under pressure amid worries about Japan’s weakening fiscal outlook.

The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to build on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session on Thursday.

Pump.fun (PUMP), SPX6900 (SPX), and Bittensor (TAO) are leading the losses in the cryptocurrency market over the last 24 hours amid total liquidations of over $500 million. The retail segment alleges institutional manipulation amid an early-morning Bitcoin sell-off routine in the US market.

The Japanese Yen (JPY) stalls the previous day's decline against a broadly recovering US Dollar (USD) and oscillates in a narrow trading range during the Asian session on Thursday.

Speaking in a national address early Thursday, US ​President Donald ‌Trump said the next chairman of the ⁠‌Federal Reserve (Fed) will be ‍someone who believes in lower ​interest rates "by ‌a lot."

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.00 during the Asian trading hours on Thursday. The WTI price edges lower amid optimism over a peace agreement between Russia and Ukraine.

USD/CAD holds position after registering modest gains in the previous session, trading around 1.3790 during the Asian hours on Thursday.

Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and currently trades around the $65.75-$65.70 region, down over 1% for the day.