Russia exported nearly 3.94 million barrels of Crude Oil per day last week, marking a 20% increase from the prior week despite US sanctions.

Saudi Arabia has reduced its official selling prices for January Oil deliveries, with Asian customers now paying only $0.60 per barrel above the Oman/Dubai benchmark.

The TTF Natural Gas price continued to slide this week. The 1-month forward is currently trading below EUR 27 per MWh, which is the lowest level in 20 months, Commerzbank's commodity analyst Carsten Fritsch notes.

The US Dollar has popped up above the 155.00 line against the Japanese Yen on Friday’s European session, after bouncing up from two-week lows at 154.30 on Thursday.

Italy is considering declaring its central bank’s 2,452 tons of Gold as the property of the people, a move opposed by the ECB over fears it could threaten bank independence.

Copper prices jumped to a new record of $11,540 per ton as fears mount over potential US import tariffs extending to refined Copper.

EUR/USD has given away previous gains during Friday's European session and is practically flat in the daily chart, trading at 1.1647 at the time of writing.

The United States (US) will see the release of the preliminary estimate of December’s University of Michigan's (UoM) Consumer Sentiment Index on Friday.

EUR/JPY recovers from early lows on Friday as the Japanese Yen struggles to benefit from growing expectations of a Bank of Japan (BoJ) rate hike.

Statistics Canada reported on Friday that the unemployment rate edged lower to 6.5% in November, much lower than what markets were expecting.

The US Dollar (USD) is adding marginally to net losses on the week into Friday trade but the broader tone of price action is perhaps tending towards consolidation in DXY losses, with the index edging back to the 99 area, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (USD) trades flat near the midpoint of its intraday range, supported by stronger-than-expected German and French industrial data.

The Pound Sterling (GBP) trades little changed in subdued market conditions, with sentiment influenced by broader currency trends.

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as a stronger-than-expected Labour Force Survey boosts sentiment around the Loonie.

Canada delivered another major jobs surprise with 54k new positions, pushing the jobless rate sharply lower. Markets priced in future hikes as yields spiked, though analysts still expect the Bank of Canada (BoC) to hold steady through 2026, TDS' economists Robert Both and Emma Lawrence note.

European Central Bank (ECB) and Bank of France Governor Villeroy de Galhau said on Friday that their current "good position" of ECB policy does not mean a comfortable or fixed one at a conference in Paris.

American consumer confidence edged higher in early December, as households grew more optimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan (UoM).

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.

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.

GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s losses as the US Dollar (USD) recovers some ground. Inflation data in the US kept steady the chances of a Federal Reserve (Fed) cut at the December meeting, weighing on the Greenback.