Russia Foreign Trade up to $13.595B in September from previous $7.466B

EUR/USD remains practically flat on the daily chart, trading at 1.1630, at a short distance from the three-week highs of 1.1655 hit on Thursday, and on track to close the week nearly 0.6% higher.

Gold (XAU/USD) is heading lower on a choppy trading session on Friday, weighed by a firmer US Dollar amid the risk-averse sentiment.

The Copper price only briefly exceeded the $11,000 per ton mark, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

The Silver price yesterday almost reached the record high of $54.5 per troy ounce recorded four weeks ago again, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold (XAUUSD) edges lower on Friday as bulls struggle to hold early gains amid mixed market sentiment. At the time of writing, XAU/USD is trading around $4,133, easing after reaching over three-week highs of $4,245 on Thursday.

Further USD declines are not ruled out, but major support at 7.0885 is likely out of reach for now. In the longer run, USD remains negative, and the next level to watch is 7.0885, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Gold price fell slightly again yesterday, as it remained unclear when the US data releases that were missed due to the US government shutdown would be made up for, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

There is a chance for US Dollar (USD) to rise above 155.00; a continued advance above this level is unlikely. In the longer run, the price action suggests USD is likely to trade with an upside bias; any gains may be capped near 155.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

China's crude Oil processing amounted to nearly 15 million barrels per day in October, as reported by the National Bureau of Statistics this morning, Commerzbank's commodity analyst Carsten Fritsch notes.

The current price movements appear to be part of a range-trading phase between 0.5630 and 0.5680. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The IEA also published its regular monthly report, in which it maintains its forecast of a record supply surplus of more than 4 million barrels per day in the coming year.

Outlook is mixed; AUD could trade in a range between 0.6510 and 0.6560. In the longer run, for the time being, AUD is likely to trade in a 0.6490/0.6580 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Silver (XAG/USD) trades around $52.60 on Friday at the time of writing, up 0.50% on the day. The precious metal regains traction as investors turn to safe-haven assets, while US economic data remains severely disrupted after the federal government’s reopening.

The International Energy Agency published its annual World Energy Outlook this week, with forecasts up to 2050, Commerzbank's commodity analyst Carsten Fritsch notes.

The Pound Sterling (GBP) trades 0.4% lower to near 1.3130 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair faces selling pressure as the Pound Sterling remains on the back foot, and the US Dollar has recovered strongly.

The Euro-Pound rally from Monday’s lows at 0.8770 has been capped nearly 100 pips higher, at 0.8865 on Friday, with the Euro struggling amid the risk-off sentiment, although downside attempts remain contained above Thursday’s low, at 0.8815, as dismal UK data and renewed fiscal concerns keep GBP bul

Pound Sterling (GBP) is expected to trade between 1.3120 and 1.3200. In the longer run, there has been a tentative buildup in momentum, and GBP could test 1.3240, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The AUD/USD pair gives up its early gains and declines 0.3% to near 0.6500 during the European trading session on Friday. The Aussie pair slumps as the US Dollar (USD) bounces back strongly.

India Bank Loan Growth dipped from previous 11.5% to 11.3% in October 27

India FX Reserves, USD declined to $687.03B in November 3 from previous $689.73B

USD/RUB and EUR/RUB are not market-driven exchange rates. Sanctions have decoupled the Rouble from fundamentals for the most part. Even so, the currency remains susceptible to long-term underlying pressures, which will gradually build up.

The Indian Rupee (INR) ticks up against the US Dollar (USD) at open on Friday. The USD/INR pair edges lower to near 88.85 as the US Dollar extends its downside.

The US Dollar remains vulnerable against a firmer Swiss Franc, which is drawing support from a cautious market mood to appreciate against its main peers on Friday.

EUR/JPY trades around 179.80 on Friday, virtually unchanged on the day after reaching a new multi-year high just below the 180.00 level. The Japanese Yen (JPY) remains on the back foot, pressured by uncertainty over the Bank of Japan’s (BoJ) tightening trajectory. 

Eurozone Q3 Gross Domestic Product (GDP) came in at 0.2% on a quarterly basis, similar to preliminary estimates, Eurostat reported.

Eurozone Trade Balance s.a. rose from previous €9.7B to €18.7B in September

Eurozone Employment Change (YoY) down to 0.5% in 3Q from previous 0.6%

Eurozone Trade Balance n.s.a. up to €19.4B in September from previous €1B

Eurozone Employment Change (QoQ) meets expectations (0.1%) in 3Q