United States EIA Natural Gas Storage Change below expectations (-170B) in December 5: Actual (-177B)

Sterling rallies during the North American session, up over 0.68% after the Federal Reserve delivered as expected a 25-basis points rate cut and a softer than expected jobs report, weighed on the Dollar. At the time of writing, the GBP/USD trades at 1.3417 after bouncing off daily lows of 1.3354.

United States Wholesale Inventories came in at 0.5%, above forecasts (0.1%) in September

USD/JPY trades sharply lower on Thursday around 155.10 at the time of writing, down 0.50% on the day.

Gold (XAU/USD) regains ground on Thursday, giving back part of earlier losses as the US Dollar (USD) weakens broadly. At the time of writing, the metal is trading around $4,235, with investors reassessing the Federal Reserve’s (Fed) monetary policy outlook after the latest interest rate cut.

The number of Americans filing for new unemployment benefits increased to 236,000 in the week ending December 6, the US Department of Labor (DOL) reported on Thursday.

The Euro (EUR) edges lower against the Swiss Franc (CHF) on Thursday as the CHF strengthens in the aftermath of the latest Swiss National Bank (SNB) interest rate decision.

United States Continuing Jobless Claims below expectations (1.95M) in November 28: Actual (1.838M)

United States Initial Jobless Claims came in at 236K, above expectations (220K) in December 5

United States Goods Trade Balance: $-79B (September) vs $-85.6B

Canada Imports down to $64.08B in September from previous $66.91B

United States Initial Jobless Claims 4-week average rose from previous 214.75K to 216.75K in December 5

Canada Exports increased to $64.23B in October from previous $60.58B

United States Goods and Services Trade Balance came in at $-52.8B, above forecasts ($-63.3B) in September

Canada International Merchandise Trade up to $0.15B in October from previous $-6.32B

Russia Central Bank Reserves $ rose from previous $733.4B to $741.5B

EUR/USD has retraced previous losses and trades near 1.1720 at the time of writing, its highest level in nearly two months, after rallying nearly 0.8% in the last two days.

West Texas Intermediate (WTI) US Oil trades around $57.70 on Thursday at the time of writing, down 1.80% on the day.

Brazil Retail Sales (MoM) came in at 0.5%, above forecasts (-0.2%) in October

The Pound Sterling (GBP) trades close to a fresh seven-week high around 1.3400 against the US Dollar (USD) on Thursday. The GBP/USD pair trades firmly as the US Dollar struggles to gain ground following the Federal Reserve’s (Fed) rate cut on Wednesday.

Ireland HICP (MoM) in line with expectations (-0.2%) in November

Ireland HICP (YoY) came in at 3.1%, below expectations (3.2%) in November

Ireland Consumer Price Index (YoY) up to 3.2% in November from previous 2.9%

Ireland Consumer Price Index (MoM): -0.2% (November) vs previous 0.5%

South Africa Manufacturing Production Index (YoY) down to 0.2% in October from previous 0.3%

EUR/JPY trades around 182.40 on Thursday, unchanged on the day at the time of writing, as the fundamental backdrop remains balanced between stabilization in Europe and gradually rising tightening expectations in Japan.

Silver (XAG/USD) sits comfortably above the $62.00 level on Thursday’s European trading session, with the all-time high of $62.89 at a short distance.

The AUD/USD pair is down 0.45% to near 0.6630 during the European trading session on Thursday. The Aussie pair faces intense selling pressure, following the release of the unexpectedly weak Australian employment data.

Chinese officials say in the Annual Central Economic Work Conference during the European trading hours on Thursday that the government is focused on maintaining the Chinese Yuan’s (CNY) exchange rate basically stable.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $62.00 per troy ounce, up 0.35% from the $61.78 it cost on Wednesday.