South Korea Consumer Sentiment Index up to 110.8 in January from previous 109.9

Gold (XAU/USD) surges for the fourth consecutive trading day on Thursday, hitting a fresh record high of $4,906, even as risk appetite improved and tensions between the US and Europe eased, following an agreement over Greenland. At the time of writing, XAU/USD trades at $4,903, up 1.60% in the day.

United States EIA Crude Oil Stocks Change above expectations (1.1M) in January 16: Actual (3.602M)

The Euro (EUR) edges higher against the US Dollar (USD) on Thursday, supported by a broadly weaker Greenback as traders shrug off solid US economic data. At the time of writing, EUR/USD is trading around 1.1742, reversing the previous day’s losses.

United States 4-Week Bill Auction climbed from previous 3.595% to 3.63%

Chainlink (LINK) is trading under pressure at $12.20, reflecting heightened volatility in the broader cryptocurrency market at the time of writing on Thursday. The oracle token faces deepening bearish pressure as technical indicators deteriorate and market sentiment weakens.

United States Kansas Fed Manufacturing Activity climbed from previous -3 to -2 in January

United States EIA Natural Gas Storage Change below expectations (-90B) in January 16: Actual (-120B)

GBP/USD rises during the North American session amid an improvement of risk appetite, following a de-escalation of the trade-war between the US and Europe. Meanwhile, traders shrug off strong US data, which despite signaling the strength of the economy, failed to underpin the Dollar.

Silver (XAG/USD) regains some ground on Thursday but lacks follow-through, consolidating near record highs as a modest improvement in risk sentiment tempers safe-haven flows. At the time of writing, XAG/USD is trading around $93.90, holding below the all-time high near $95.89 set on Tuesday.

Annual inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.8% in November from 2.7% in October, the US Bureau of Economic Analysis reported on Thursday. On a monthly basis, the PCE Price Index rose by 0.2%.

United States Personal Income (MoM) declined to 0.1% in October from previous 0.4%

United States Personal Income (MoM) came in at 0.3%, below expectations (0.4%) in November

The Japanese Yen (JPY) is soft, down 0.2% vs. the US Dollar (USD) and an underperformer against all of the G10 currencies as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

United States Personal Consumption Expenditures - Price Index (YoY) fell from previous 2.8% to 2.7% in October

United States Personal Consumption Expenditures - Price Index (MoM) dipped from previous 0.3% to 0.2% in October

United States Core Personal Consumption Expenditures - Price Index (YoY) dipped from previous 2.8% to 2.7% in October

United States Core Personal Consumption Expenditures - Price Index (MoM) unchanged at 0.2% in October

United States Personal Spending up to 0.5% in October from previous 0.3%

United States Personal Income (MoM): 0.3% (October) vs previous 0.4%

United States Personal Consumption Expenditures - Price Index (YoY) meets forecasts (2.8%) in November

United States Personal Income (MoM) registered at 0.3%, below expectations (0.4%) in November

United States Core Personal Consumption Expenditures - Price Index (YoY) in line with forecasts (2.8%) in November

The Pound Sterling (GBP) is slightly weaker against the dollar, underperforming most G10 peers as renewed political uncertainty triggers brief volatility in the gilt market, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is consolidating within an incredibly tight range and entering Thursday’s NA session flat to the US Dollar (USD), a mid-performer among the G10 currencies in mixed overall trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is all but flat on the session. Markets may refocus on underlying fundamentals for a moment but broader geo-political tensions remain a risk for the CAD going forward, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The British Pound (GBP) trades on the front foot against the Japanese Yen (JPY) on Thursday, as the Yen remains under broad pressure amid growing concerns over Japan’s fiscal stability, while markets brace for the Bank of Japan’s (BoJ) interest rate decision due on Friday.