The Dow Jones Industrial Average (DJIA) took another leg lower on Friday, testing below the 46,800 level for the first time in almost three weeks before barely managing to squeeze back to flat for the day as an AI stock pullback and withering consumer survey results drag down both sides of the inves

The USD/JPY stages a recovery on Friday with buyers claiming 153.00, an indication that the uptrend might resume in the short term.

EUR/USD trimmed some of its previous losses and rises 0.16% on Friday’s late in the North American session, amid a scarce economic docket in both sides of the Atlantic.

Gold price (XAU/USD) advances during the North American session on Friday, up 0.64% as the US government shutdown extends, while risk aversion keeps US equity markets poised for weekly losses. At the time of writing, Bullion trades at $4,002 after bouncing off daily lows of $3,974.

Federal Reserve Governor Stephen Miran spoke about stablecoins and monetary policy at the Blockchain & Venture Capital Summit in New York on Friday. He said that a lot of stablecoin usage would likely lower the neutral rate, and that Widespread stablecoin usage could push up the dollar's value.

United States Consumer Credit Change above expectations ($10B) in September: Actual ($13.09B)

Argentina Industrial Output n.s.a (YoY) climbed from previous -4.4% to -0.7% in September

Silver (XAG/USD) trades little changed on Friday, hovering near $48.30 at the time of writing after easing from intraday highs, as the market remains directionless heading into the weekend.

United States Baker Hughes US Oil Rig Count registered at 414 above expectations (413)

AUD/USD trades sideways on Friday, around 0.6480 at the time of writing, following the release of a key indicator that showed a significant deterioration in US consumer confidence.

The Euro (EUR) extends its rebound against the US Dollar (USD) on Friday, building on renewed weakness in the Greenback. At the time of writing, EUR/USD is trading near 1.1575, its highest level since October 30.

GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3095.

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday, snapping a six-day losing streak after stronger-than-expected labor market data signaled resilience in Canada’s economy. At the time of writing, USD/CAD is trading around 1.4064, down nearly 0.35% on the day.

Consumer confidence in the United States (US) continued to deteriorate in November, with the University of Michigan's Consumer Sentiment Index falling to 50.3 from 53.6 in October. This print came in worse than the market expectation of 53.2.

United States UoM 1-year Consumer Inflation Expectations: 4.7% (November) vs 4.6%

United States Michigan Consumer Expectations Index dipped from previous 50.3 to 49 in November

United States Michigan Consumer Sentiment Index came in at 50.3 below forecasts (53.2) in November

United States UoM 5-year Consumer Inflation Expectation fell from previous 3.9% to 3.6% in November

Turkey Treasury Cash Balance up to -195.879B in October from previous -359.887B

Gold (XAU/USD) trades slightly firmer on Friday, holding within the familiar $3,900-$4,050 range as the prolonged United States (US) government shutdown and cautious sentiment across global markets keep safe-haven demand steady.

The Euro (EUR) edges higher against the British Pound (GBP) on Friday, snapping a two-day losing streak as the Bank of England’s (BoE) dovish policy stance weighs on the Sterling.

The Copper price has recently fallen significantly from its record high at the end of October of just over $11,000 per ton, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

Yesterday, the World Gold Council published data on Gold ETFs in October, Commerzbank's commodity analyst Carsten Fritsch notes.

Canada’s Unemployment Rate ticked lower to 6.9% in October (from 7.1%), coming in below analysts' expectations, according to Statistics Canada. In addition, the Net Change in Employment increased by 66.6K individuals (from 60.4K), while the Participation Rate improved to 65.3% (from 65.2%).

Canada Net Change in Employment above expectations (-2.5K) in October: Actual (66.6K)

Canada Participation Rate rose from previous 65.2% to 65.3% in October

Canada Unemployment Rate below expectations (7.1%) in October: Actual (6.9%)

In recent days, there have been reports indicating a further increase in Oil production in Libya, Commerzbank's commodity analyst Carsten Fritsch notes.

The US sanctions against Russia's two largest Oil companies announced by US President Trump two weeks ago are now apparently also having an impact on Russia's seaborne crude Oil exports, Commerzbank's commodity analyst Carsten Fritsch notes.

GBP/JPY trades slightly lower on Friday, hovering around 200.75 at the time of writing, and remains on track for its second consecutive weekly loss. The pair has stabilized after sharp mid-week selling that drove prices to a one-month low, filling the bullish gap from October 6.