Indian share markets are trading high today, with the Sensex trading 132 points higher, and the Nifty is trading 33 points higher.

The British Pound has made firm gains against the US Dollar, with bulls now looking to overcome the resistance levels beginning $1.3352.

The United States remains front and center in the macro narrative.

BTC/USD is gaining bullish momentum above $93,000 as rising ETF inflows and supportive Fed speculation push prices toward the $95,000 target.

The Dow attempts to bounce back to its record high after grinding its way above 47000.

The dollar decline is trying to gather some pace with December’s negative seasonality pairing up with poor US data and lingering USD overvaluation relative to short-term drivers.

The Japanese Yen (JPY) extends its sideways consolidative price move against the broadly rebounding US Dollar (USD) through the early European session on Thursday amid mixed cues.

The USD/CHF pair trades in positive territory around 0.8010 during the early European trading hours on Thursday.

The Indian Rupee (INR) slumps for the seventh trading day in a row against the US Dollar (USD) on Thursday.

U.S. manufacturing may still show rising output, but employment and hours worked are falling — a sign that production gains are driven by automation, firm consolidation, or capital-intensive activity rather than job growth.

The US Federal Reserve, through its ultra-loose monetary policies, has inflated a series of asset bubbles – AI Bubble, Housing Bubble (HB) 2.0, and the Bond Bubble – and the bursting of these bubbles is very likely to start in 2026.