Eurozone CFTC EUR NC Net Positions up to €990K from previous €91.8K

United States CFTC S&P 500 NC Net Positions fell from previous $-163.9K to $-1474K

Australia CFTC AUD NC Net Positions fell from previous $-71.6K to $-759K

United States CFTC Oil NC Net Positions up to 692K from previous 74.9K

Japan CFTC JPY NC Net Positions up to ¥312K from previous ¥51.3K

United States CFTC Gold NC Net Positions: $2103K vs $202.3K

United Kingdom CFTC GBP NC Net Positions dipped from previous £-55K to £-793K

In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.

Silver prices plunges after hitting an all-time high (ATH) of $64.65 losses 2.75% as investors book profits ahead of the weekend, as Federal Reserve officials remain divided about future monetary policy meetings. At the time of writing, XAG/USD trades at $61.84.

Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.

The Dow Jones Industrial Average (DJIA) retreated from record intraday highs on Friday alongside its major index peers as investors continued rotating out of technology and into value-oriented sectors. The Dow briefly hit a new intraday record before pulling back 0.30%.

The Australian Dollar (AUD) holds firm against the US Dollar (USD) on Friday as traders look past this week’s Reserve Bank of Australia and Federal Reserve (Fed) monetary policy announcements and reassess the near-term interest-rate outlook.

United States Baker Hughes US Oil Rig Count increased to 414 from previous 413

EUR/USD holds firm at around 1.1741 on Friday, virtually unchanged, amid a parade of Federal Reserve (Fed) officials crossing the wires, following last Wednesday's 25 basis points rate cut.

The Pound Sterling (GBP) remains under pressure heading into 2026 amid flat UK growth and the Bank of England’s ongoing easing cycle.

Copper prices surged to nearly $12,000 per ton following the Fed’s rate cut, up 36% year-to-date amid concerns that supply may lag rising demand.

The price of Silver is currently skyrocketing. Yesterday, the price reached a new record high of $64.3 per ounce, Commerzbank's commodity analyst Carsten Fritsch notes.

The Japanese Yen (JPY) is slightly weaker versus the US Dollar (USD), underperforming most G10 currencies, as markets await next week’s BoJ meeting where a 25bps rate hike is widely expected.

West Texas Intermediate (WTI) Crude Oil remains under pressure on Friday, with prices struggling to find traction as persistent oversupply concerns continue to dominate market sentiment.

Gold rose above $4,300 per ounce as the Fed delivered a widely expected 25bps rate cut, with Chairman Powell signaling that labor market weakness and tariffs may prompt further easing.

The Pound Sterling (GBP) trades slightly lower but retains most of its weekly gains as UK data show mixed industrial performance and a wider trade deficit.

Lower European Gas prices (TTF) are having an impact: according to an analysis of ship tracking data by Bloomberg, LNG shipments from Qatar have recently been diverted away from Europe to India, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

The Euro (EUR) trades defensively after modest weekly gains versus the US Dollar (USD), with short-term rates and ECB messaging offering fundamental support.

The Canadian Dollar (CAD) is extending its steady outperformance, backed by supportive rate differentials and a weakening US Dollar (USD) trend.

The IEA now expects a smaller—but still hefty—Oil surplus in 2025, as softer OPEC+ output and firmer demand narrow the gap.

The US Dollar (USD) is broadly consolidating despite soft sentiment, with the Dollar Index (DXY) heading for a third straight weekly decline and mirroring its 2016–17 trajectory.

Federal Reserve (Fed) President of the Bank of Cleveland, Elizabeth Hammack, said on Friday that the lack of data during the shutdown made it harder to read inflation. She also said that she is very grateful that the government data was returned.

The British Pound (GBP) trades on the front foot against the Japanese Yen (JPY) on Friday, as the Yen struggles to gain traction despite growing expectations of a Bank of Japan rate hike next week.

The EIA projects US Crude production to peak at 13.87 million b/d in October before easing in 2026, while a global supply surplus of 2 million b/d is expected to push Brent prices down to $55.

Gold (XAU/USD) extends its advance on Friday as expectations build for further monetary policy easing by the Federal Reserve (Fed) after this week’s interest rate cut. At the time of writing, XAU/USD is trading around $4,340, just shy of its all-time high near $4,381, marked on October 20.