Ed Ponsi, CTA
FXStreet Contributor
You need to be logged in to view this content.
Latest Live Videos
Editors’ Picks
EUR/USD flat lines near 1.1750 ahead of ECB policy decision
EUR/USD remains flat after two down days, trading around 1.1750 in the European session on Thursday. Traders move to the sidelines and refrain from placing any fresh directional bets on the pair ahead of the ECB policy announcements and the US CPI inflation data.
GBP/USD stays defensive below 1.3400, awaits BoE and US CPI
GBP/USD oscillates in a narrow band below 1.3400 in European trading on Thursday. The pair trades with caution as markets eagerly await the BoE policy verdict and US consumer inflation data for fresh directional impetus.
Gold awaits weekly trading range breakout ahead of US CPI report
Gold struggles to capitalize on the previous day's move higher back closer to the $4,350 level and trades with a mild negative bias during the Asian session on Thursday. The downtick could be attributed to some profit-taking amid a US Dollar uptick, though it is likely to remain cushioned on the back of a supportive fundamental backdrop.
BoE set to resume easing cycle, trimming interest rate to 3.75%
The Bank of England will announce its last monetary policy decision of 2025 on Thursday at 12:00 GMT. The market prices a 25-basis-point rate cut, which would leave the BoE’s Bank Rate at 3.75%.
US CPI data expected to show inflation rose slightly to 3.1%, cooling Fed rate cut bets for January
The US Bureau of Labor Statistics will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT. The CPI inflation in the US is expected to rise at an annual rate of 3.1% in November
Here is what you need to know on Thursday, December 18:
Market participants gear up for a highly volatile day that will feature Bank of England (BoE) and the European Central Bank (ECB) policy decisions, in addition to the November Consumer Price Index (CPI) data from the US.