Daily market news

US PPI inflation figures ticked higher in November, causing investors to tighten their stance slightly and keep the safe haven Greenback bid into the high side, though overall market mood remains on-balance.

The EUR/USD pair extended its downside on Thursday, slipping to 1.0500 and further distancing itself from the 20-day Simple Moving Average (SMA).

Silver price (XAG/USD) gives up its entire gains and declines to near $31.70 in the North American session on Thursday.

The Euro remains practically unchanged, near two-year lows after the ECB’s rate cut.

The US Dollar recovery loses steam with bulls halted at 152.90.

The Australian Dollar accelerated its rebound from year-to-date lows following stronger-than-expected Australian employment data seen earlier today.

Silver price (XAG/USD) refreshes an almost five-week high at around $32.30 in Thursday’s European session.

Outlook for US Dollar (USD) is mixed; it could trade in a range, probably staying within yesterday’s range of 151.00/152.79.

USD/CAD remains tepid for the second successive day, trading around 1.4150 during the European session on Thursday.

Here is what you need to know on Thursday, December 12: The European Central Bank (ECB) and the Swiss National Bank (SNB) will announce monetary policy decisions following the last policy meeting of the year on Thursday.