South Korea BoK Interest Rate Decision meets expectations (2.5%)

EUR/USD consolidates on Wednesday, hoovers around the 1.1645, unchanged amid a risk-off mood sponsored by geopolitical risks, which kept traders on the sidelines. A scarce economic docket in the Eurozone, but a busy one in the US, revealed that factories input prices had risen and weighed on traders’ bets for a Fed rate cut in January.

GBP/USD remains steady for the second successive session, trading around 1.3430 during the Asian hours on Thursday. The momentum indicator 14-day Relative Strength Index is at 51 after retreating from overbought readings, indicating balanced momentum.

Gold price climbs to near $4,615 and is set to retest a record high during the early Asian session on Thursday. The precious metal extends its upside as traders flock to safe havens amid geopolitical and economic uncertainties. Traders brace for the weekly US Initial Jobless Claims report, which will be released later on Thursday.

Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products and treasury companies minus new supply.

Jerome Powell's eight-year tenure as Chair of the Federal Reserve is coming to a close during a period of intense pressure on the US central bank and divided views among policymakers about the appropriate stance of monetary policy. 

Hyperliquid is showing renewed strength, trading above $26.00 at the time of writing on Wednesday, as bulls regain control following a period of consolidation. The rebound is largely supported by improving on-chain metrics and growing derivatives market activity.