Germany Producer Price Index (MoM) below forecasts (0.1%) in November: Actual (0%)

The United Kingdom (UK) Retail Sales declined 0.1% month-over-month (MoM) in November after falling 0.9% in October (revised from -1.1%), according to the latest data published by the Office for National Statistics (ONS) on Friday.

United Kingdom Retail Sales ex-Fuel (YoY) registered at 1.2%, below expectations (1.6%) in November

United Kingdom Retail Sales (MoM) came in at -0.1%, below expectations (0.4%) in November

United Kingdom Public Sector Net Borrowing came in at £11.653B, above forecasts (£10.2B) in November

Germany GfK Consumer Confidence Survey came in at -26.9, below expectations (-23.2) in January

Germany Producer Price Index (YoY) came in at -2.3%, below expectations (-2.2%) in November

United Kingdom Retail Sales ex-Fuel (MoM) below forecasts (0.2%) in November: Actual (-0.2%)

United Kingdom Retail Sales (YoY) came in at 0.6%, below expectations (0.9%) in November

The USD/CAD pair trades higher around 1.3790 in the early European trading session on Friday. The Loonie pair edges up as the US Dollar (USD) regains ground after being jolted by soft United States (US) Consumer Price Index (CPI) data for November.

Silver (XAG/USD) attracts some dip-buying near mid-$64.00s during the Asian session on Friday and stalls the previous day's modest retracement slide.

Bank of Japan (BoJ) Governor Kazuo Ueda is addressing a press conference on Friday, explaining the central bank’s decision to hike the short-term interest rate from 0.5% to 0.75% following its December monetary policy review meeting.

Here is what you need to know on Friday, December 19:

EUR/USD remains weaker for the fourth consecutive session, trading around 1.1720 during the Asian hours on Friday. On the daily chart, technical analysis indicates a prevailing bullish bias, as the pair remains within the ascending channel pattern.

The EUR/GBP cross trades on a flat note around 0.8760 during the early European session on Friday. This move follows the Bank of England's (BoE) interest rate cut and market expectations for a steady European Central Bank (ECB) policy.

The EUR/CAD pair edges higher to near 1.6160 during the early European trading session on Friday. The cross ticks up as the Euro (EUR) outperforms its major peers ahead of speeches from a slew of European Central Bank (ECB) policymakers later in the day.

Toncoin (TON) steadies around $1.45 on Friday after hitting a two-month low on the previous day. The bearish momentum persists despite the launch of xStocks on TON, a development that could improve the network’s long-term fundamentals.

Bitcoin Cash (BCH) edges higher by 4% at press time on Friday, extending the 3.51% gains from Thursday on the back of reduced inflation in the US economy. Derivatives data suggests intense retail interest as BCH Open Interest hits a 6-month high.

The Indian Rupee (INR) opens on a bullish note against the US Dollar (USD) on Friday.

Netherlands, The Consumer Confidence Adj: -21 (December)

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note near 98.55 during the early European trading hours on Friday. The DXY recovers some lost ground amid the cautious mood in the market.

USD/CHF recovers its recent losses registered in the previous session, trading around 0.7950 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) recovers losses ahead of the release of the University of Michigan Consumer Sentiment Index for December later in the day.

The Ethereum (ETH) Foundation's Stateless Consensus team highlighted that the network's 'state' size has increased significantly over the past year following several scalability implementations.

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

AUD/JPY extends its winning streak for the third successive session, trading around 103.10 during the Asian hours on Friday.

Silver price (XAG/USD) falls to around $64.95 during the Asian trading hours on Friday. The white metal retreats after hitting a record high in the previous sessions as traders book profits.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are extending their correction phases after losing nearly 3%, 8%, and 10%, respectively, through Friday.