Trading news

United States CFTC Gold NC Net Positions up to $2047K from previous $176.6K

Japan CFTC JPY NC Net Positions rose from previous ¥70.4K to ¥681K

United Kingdom CFTC GBP NC Net Positions down to £-203K from previous £-16.8K

Australia CFTC AUD NC Net Positions down to $-739K from previous $-65.8K

United States CFTC Oil NC Net Positions climbed from previous 39.8K to 656K

Eurozone CFTC EUR NC Net Positions: €1073K vs €111.8K

United States CFTC S&P 500 NC Net Positions fell from previous $-145.3K to $-1501K

The Canadian Dollar (CAD) found room on the high side on Friday, climbing nearly 0.9% and locking in a second straight week of firm gains for the Loonie. The CAD has gained nearly 2.2% bottom-to-top against the US Dollar (USD) since hitting seven-month lows in early November.

United States Consumer Credit Change came in at $9.18B, below expectations ($10.5B) in October

The Dow Jones Industrial Average (DJIA) made slim gains on Friday, climbing another 150 points and ending a moderately bullish week near the 48,000 handle.

Gold (XAU/USD) advances during the North American session on Friday, poised to finish the week almost flat above the $4,200 figure as market participants brace for the Federal Reserve (Fed) monetary policy meeting next week.

The Australian Dollar (AUD) extends its advance against the US Dollar (USD) on Friday, with AUD/USD climbing to its highest level since September 18 as traders are almost certain the Reserve Bank of Australia (RBA) will leave interest rates unchanged on December 9.

United States Baker Hughes US Oil Rig Count above forecasts (409): Actual (413)

Dual central bank interest rate decisions from the U.S.

The Euro (EUR) trims earlier gains against the US Dollar (USD) on Friday as the Greenback firms following the latest set of US economic releases.

The US Dollar’s (USD) sharp H1 2025 drop could push investors toward broader portfolios, though geopolitics and Fed risks may keep the currency unsettled.

The FOMC is expected to deliver a 25bp rate cut with potential dissents, reflecting the tension between inflation risks and weakening employment. Federal Reserve (Fed) Gov.

GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s 0.21% losses as the Greenback recovered some ground. Inflation data in the US kept steady the chances for a Fed cut in the December meeting, weighing on the Dollar. At the time of writing, the pair trades at 1.3349 up 0.19%.

EUR/GBP remains under pressure on Friday as the Euro (EUR) continues to soften against a broadly supported British Pound (GBP). Sterling has held firm since the UK Autumn Budget, even as markets maintain strong expectations for a Bank of England (BoE) interest rate cut at the December 18 meeting.

The Personal Consumption Expenditures (PCE) Price Index rose 2.8% on a yearly basis in September, the US Bureau of Economic Analysis (BEA) reported on Friday. This print followed the 2.7% increase recorded in August and came in line with the market expectation.