EUR/USD
The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for October is due for release today at 07:30 and 08:00 GMT, respectively.
Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of their impact on the European currency and the related markets as well.
GBP/USD
GBP/USD tilted into the red for a fifth straight trading day on Thursday, continuing to test the waters just north of the 1.3300 handle. Cable bids have fallen steadily after the pair failed to push its way above the 50-day Exponential Moving Average (EMA), but is catching firm support on the low of a near-term consolidation zone.
USD/JPY
The USD/JPY pair extends the rally to a two-week high near 152.65 during the early Asian session on Friday. The Japanese Yen (JPY) weakens against the US Dollar (USD) as traders weigh fresh US sanctions on Russian oil companies. Traders await the delayed release of US Consumer Price Index (CPI) inflation data, which is due later on Friday.
AUD/USD
AUD/USD appreciates 0.40% on Thursday, trading around 0.6510 at the time of writing, buoyed by a renewed appetite for commodity-linked currencies, while investors remain cautious ahead of the release of the September US inflation report, due on Friday.
NZD/USD
The NZD/USD pair holds steady near 0.5755 during the early Asian session on Friday. Traders brace for the delayed release of the US Consumer Price Index (CPI) inflation data for September, which is due later on Friday. Also, the developments surrounding the US-China trade talks will be closely monitored.
USD/CAD
USD/CAD appreciates after registering little gains in the previous session, trading around 1.4020 during the Asian hours on Friday. The pair advances as the US Dollar (USD) gains ground, as traders adopt a cautious stance before September’s US inflation data, due later in the day, amid the ongoing government shutdown and resulting data blackout.
USD/CHF
The USD/CHF pair trades in a tight range around 0.7960 during the late Asian trading session on Friday. The Swiss Franc pair consolidates as the US Dollar (USD) ranges ahead of the delayed United States (US) Consumer Price Index (CPI) data release.
CRUDE OIL
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday’s close at $61.60.
Gold price (XAU/USD) falls below $4,100 during the early European trading hours on Friday, pressured by the rebound in the US Dollar (USD). Traders remain cautious after a sharp sell-off over the previous sessions. Analysts believe that the end of the Diwali festival in India, the world’s second-largest gold consumer, might reduce physical demand and undermine the precious metal price.
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