Germany Baden-Wuerttemberg CPI (YoY) down to 2.2% in November from previous 2.3%

EUR/USD adds to the current leg lower and comes just pips away from its significant 200-day SMA around 1.1580 as the NA session draws to a close on Thursday. The deeper drop comes in response to the intense advance in the Greenback, this time propped up by firm US data and higher US Treasury yields.

GBP/USD edges higher after registering modest losses in the previous session, trading around 1.3380 during the Asian hours on Friday. The pair may further lose ground as the US Dollar receives support after Thursday’s US Initial Jobless Claims data, which reinforced expectations that the Federal Reserve will keep interest rates on hold for the coming months.

Gold price tumbles to near $4,605 during the early Asian session on Friday. The precious metal edges lower as the US Initial Jobless Claims data boost the ‌US Dollar. The US December Industrial Production report will be published later on Friday. Also, Federal Reserve Governor Michelle Bowman is scheduled to speak. 

Spot market investors and the return of US buying pressure primarily drove Ethereum's recent move above $3,300. The Ethereum estimated leverage ratio, which compares open interest to a coin's exchange reserve, has been declining steadily over the past week. The ratio fell from 0.79 at the beginning of the year to 0.66 on Wednesday, indicating low appetite for leverage and a more spot-driven market.

This isn’t “Sell America” — it’s “Buy breadth.” Investors are diversifying away from narrow US leadership and looking for returns that aren’t concentrated in a handful of mega-caps.

XRP lags behind other crypto majors, declining for the second consecutive day on Thursday. Ripple secures preliminary approval for an Electronic Money Institution license from the CSSF, Luxembourg's financial regulator.