Trading news

USD/CNH continues to drift lower amid a softer US Dollar (USD) and another strong CNY fix, with the PBoC guiding the RMB along a controlled appreciation path.

The Nasdaq 100 is stabilizing after breaking its descending channel and retaking the 50-DMA, but momentum is capped near the 25,890 gap, Société Générale's FX analysts note.

United Kingdom Consumer Inflation Expectations dipped from previous 3.6% to 3.5%

Recent policy meetings suggest China has moved away from tariff-related emergency response mode. Upgrading and rebalancing gaining importance in the policy agenda to foster self-sustained growth.

Brent is drifting toward October’s $60.10 support, with only limited rebound potential amid persistent failure at the 200-DMA, Société Générale's FX analysts note.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $64.16 per troy ounce, up 0.94% from the $63.56 it cost on Thursday.

The USD/CAD pair extends its losing streak for the fourth trading day on Friday. The Loonie pair trades 0.1% lower to near 1.3750 during the European trading hours.

China New Loans up to 390B in November from previous 220B

China M2 Money Supply (YoY) fell from previous 8.2% to 8% in November

EUR/USD posts marginal losses, trading at 1.1735 on Friday after pulling back from its highest levels in more than two months at 1.1762 reached on Thursday.

The Pound Sterling (GBP) faces selling pressure against its major peers on Friday following the release of the United Kingdom (UK) Gross Domestic Product (GDP) data for October. The GDP report showed that the economic growth contracted again by 0.1%, missing expectations of a 0.1% expansion.

Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0%) in November

Spain Consumer Price Index (MoM) in line with expectations (0.2%) in November

Spain Consumer Price Index (YoY) meets forecasts (3%) in November

Spain Harmonized Index of Consumer Prices (YoY) registered at 3.2% above expectations (3.1%) in November

France Inflation ex-tobacco (MoM) declined to -0.2% in November from previous 0.1%

France Consumer Price Index (EU norm) (MoM) in line with expectations (-0.2%) in November

France Consumer Price Index (EU norm) (YoY) meets forecasts (0.8%) in November

Here is what you need to know on Friday, December 12:

West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $57.76 per barrel, up from Thursday’s close at $57.68.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $61.35 price posted on Thursday, and trading at $61.41.