United States EIA Natural Gas Storage Change above forecasts (34B) in November 7: Actual (45B)

Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid spoke about the economic outlook and monetary policy at the Joint Energy Conference hosted by the Federal Reserve Banks of Dallas and Kansas City, in Denver on Friday.

Colombia Retail Sales (YoY) increased to 14.4% in September from previous 12.4%

Canada Wholesale Sales (MoM) above forecasts (0%) in September: Actual (0.6%)

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

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.

TradingKey - Markets initially greeted the end of the longest U.S. government shutdown with relief—but it didn’t last. On Wednesday, the Dow briefly crossed 48,000. By the next session, momentum had f

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

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.

Eurozone Gross Domestic Product s.a. (YoY) came in at 1.4%, above expectations (1.3%) in 3Q

Eurozone Gross Domestic Product s.a. (QoQ) meets forecasts (0.2%) in 3Q

USD/CNH remains capped by the 50-day moving average at 7.12 and is now testing the lower edge of its range near 7.08, with failure to break higher opening the door to declines toward 7.05 and 7.02/7.01, Société Générale's FX analysts note.

EUR/CHF has slipped below its 2024 and October lows after failing at the 0.93 trend-line resistance, with bearish momentum suggesting the downtrend may extend toward 0.9170/0.9160 and potentially 0.9100, Société Générale's FX analysts note.

FAI continued to ease across sectors, while consumption remained solid in October. IP growth moderated, along with weak investment and exports. Overcapacity management and insufficient funding may have constrained investment, Standard Chartered's economists report.

Analysts note that while both Scandinavian currencies are sensitive to risk sentiment, the Norwegian krone consistently shows a stronger negative reaction to rising risk aversion than the Swedish krona, reflecting its lower liquidity and heavier reliance on oil., Commerzbank's FX analyst Michael Pfi

The People's Bank of China set its USD/CNY fix at 7.0825 this morning, signalling for the seventh straight week that it prefers a stronger CNY. Since the end of September, USD/CNY has fallen by a total of 0.5% (stronger CNY). At first glance, this may not seem like much.

EUR/USD bullishness has continued to rise both in spot and via the options markets, with 1-month 25 delta risk reversals (cost of a call minus cost of a put) having moved from -0.2 to +0.3 in the past 10 days.

Italy Trade Balance EU fell from previous €0.172B to €-0.042B in September

Italy Global Trade Balance below forecasts (€3.2B) in September: Actual (€2.852B)

Spain Consumer Price Index (YoY) meets forecasts (3.1%) in October

Spain Consumer Price Index (MoM) meets forecasts (0.7%) in October

Spain Harmonized Index of Consumer Prices (YoY) meets forecasts (3.2%) in October

Spain Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.5%) in October

European Central Bank (ECB) policymaker and Governor of the Central Bank of Latvia Mārtiņš Kazāks said during the European trading session on Friday that there is no need to adjust interest rates in the current situation.

France Inflation ex-tobacco (MoM) climbed from previous -1% to 0.1% in October

AUD/NZD depreciates by nearly 0.5%, trading around 1.1500 during the Asian hours on Friday.

India WPI Inflation came in at -1.21% below forecasts (-0.6%) in October

The EUR/GBP cross attracts some buyers to around 0.8860 during the early European session on Friday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid rising concerns over fiscal discipline and political stability in the United Kingdom (UK).

EUR/CAD continues its winning streak for the fourth successive session, trading around 1.6230 during the Asian hours on Friday. The currency cross gains as the Euro (EUR) is supported by cautious sentiment surrounding the European Central Bank’s (ECB) monetary policy outlook.

Japan Tertiary Industry Index (MoM) meets expectations (0.3%) in September