EUR/USD attracts some buyers near 1.0900, the two-week high. The pair holds above the key 100-hour EMA with the overbought RSI condition. The first resistance level will emerge at 1.0960; 1.0852 acts as an initial support level for the pair. (FXStreet)

USD/CHF rebounds after touching a one-and-half-week trough earlier this Thursday. The SNB decides to maintain the status quo and does little to provide any impetus. Traders look to the US Retail Sales for a fresh impetus amid a modest USD recovery. (FXStreet)

NZD/USD extends its gains as the US Dollar loses ground on subdued Treasury yields. Technical indicators suggest revisiting a five-month high at 0.6249 and the major resistance at 0.6250. A firm break below the 0.6200 level could lead the pair to navigate the 23.6% Fibonacci retracement at 0.6165. (FXStreet)

The Japanese Yen rallies to a fresh multi-month peak against the USD on Thursday. Hopes for a BoJ pivotl boost the JPY and drag USD/JPY closer to sub-141.00 levels. The USD stalls the post-FOMC downfall and lends support amid the risk-on mood. (FXStreet)

GBP/USD trades in positive territory for the fourth consecutive day above the 1.2600 mark. The Federal Reserve (Fed) kept the interest rates steady at the target range of 5.25%-5.5% in its December meeting. The UK’s economy contracted 0.3% MoM in October vs. 0.2% expansion prior, below the market expectation. Investors will closely watch the BoE interest rate decision ahead of US Retail Sales. (FXStreet)

Australian Dollar surges to four-month highs as US Dollar loses ground on dovish Fed outlook. Australia’s Consumer Expectations reduced to 4.5% and Employment Change rose substantially to 61.5K. Fed kept interest rates unchanged at 5.5% and investors expect three rate cuts for 2024. (FXStreet)

USD/CAD extends its losses on the subdued US Dollar after the dovish Fed decision. A drop below the 1.3400 psychological level could push the pair toward August's low of 1.3378. A firm break above 1.3500 could lead to exploring the resistance region around the 23.6% Fibonacci retracement at 1.3565. (FXStreet)

EUR/JPY drops to the lowest level since October, near 154.35. The European Central Bank (ECB) is expected to hold the rate steady at 4.0% on Thursday. The Bank of Japan's (BoJ) quarterly Tankan survey revealed that business confidence in Japan’s large manufacturers improved for the third straight quarter. Market players will closely watch the ECB interest rate decision on Thursday. (FXStreet)

GBP/JPY drifts lower for the third straight day and dives to over a two-month low. The JPY rallies amid hopes for a hawkish BoJ pivot and exerts heavy pressure. The downfall stalls ahead of the 200-day SMA as traders look to the BoE meeting. (FXStreet)

USD/MXN halts its losing streak amid subdued Greenback. Banxico is expected to hold the interest rate at the current level of 11.25%. US Dollar weakens on the Fed's accommodative monetary policy stance in 2024. (FXStreet)

Indian Rupee holds positive ground on the decline of US Dollar. Analysts anticipate the Reserve Bank of India (RBI) to hold rates into next year. Indian WPI inflation came in at 0.26% vs. -0.52% prior, better than the expectation of 0.08%. (FXStreet)

The South African rand attempts to extend yesterday’s gains after the Fed decided to increase its rate cut forecast for 2024 by an additional 25bps. Although the central bank was expected to hold rates, the dovish response by Fed Chair Jerome Powell was hailed by risk assets across financial markets including most Emerging Market (EM) currencies. Key metrics cited by Mr. Powell were slowing GDP, softening inflation and a normalizing labor market. The focus moving forward from this point will be timing and size of upcoming rate cuts and where the Fed will end up settling between their forecasts for 2024 of -75bps and current money market pricing revealing -150bps. (DailyFX)

Oil Rose as Much as 1.4% as OPEC + Blame Exaggerated Demand Concerns for Price Drop. OPEC+ Maintain Upbeat Forecasts for 2024 with Record Demand Expected. IEA Forecast Due Tomorrow to Provide Another Take on the 2024 Demand Picture. (DailyFX)

WTI price moves upward on the sentiment of reduced borrowing costs in the future. Crude oil prices receive support as US EIA Crude Oil stockpiles are withdrawn by 4.259M barrels. Houthis attack on Norwegian commercial tanker might have impacted the Oil prices. (FXStreet)

Gold price attracts some follow-through buying for the second straight day on Thursday. The US bond yields and the USD extend the post-FOMC slide, lending support to the metal. The risk-on environment caps gains for the XAU/USD ahead of the central bank bonanza. (FXStreet)

Source: FXStreet, DailyFX

Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet.