Despite expectations of the OPEC plus deal falling apart, the reality is that OPEC did set the stage for a tightening market in the future.

US non-farm payrolls rose broadly in line with expectations after recent strike and hurricane distrortions, but unemployment picked up by more than expected.

The EUR/GBP pair ticks lower to near 0.8285 in Friday’s North American session after struggling to extend Thursday’s recovery above the key resistance of 0.8300.

S&P 500 pushed for new ATHs early in the session, but was rejected, and the premarket session is shallow and cautious.

Futures saw little movement as US investors awaited the big November jobs report, in which payrolls were expected to bounce back from October’s hurricane-related weak print.

MCD is progressing in wave (iii) of {v}, with a clear upside momentum as it approaches the key $300 mark once again.

Today we have the “all-important” employment report which is the last high profile economic data point released before the Fed meets on the 18th.

Czech real retail sales picked up in October, exceeding market expectations.

There are two broad developments in the G10 currencies ahead of the US jobs report. The euro, Swiss franc, sterling, Swedish krona, and the Canadian dollar are in tight ranges with a heavier bias. The others are off a 0.3%-0.7%.

Europe’s economic situation is a matter of growing concern. Once a symbol of prosperity and cooperation, the European Union is now weakened by major economic and energy challenges.

The European ETF industry is highly concentrated at the assets under management and the fund flows level.

Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell.

The rally in Bitcoin is getting overbought and could likely be in for a consolidation or decline soon.

Macroeconomic and geopolitical factors heavily influence gold's performance. The Federal Reserve's potential pause in rate cuts has momentarily pressured gold prices.

WTI crude oil prices extended their recent decline to around $68 a barrel on Friday as OPEC+’s decision to postpone restoring halted production failed to lift market sentiment amid expectations of oversupply next year.

Risk in Asia declined on Friday amid renewed political tensions in South Korea, causing unease among investors ahead of the crucial U.S. nonfarm payrolls report.

Gold prices dipped below 2,620.00 USD per troy ounce on Friday, marking a second consecutive session of decline.

Gold prices have been on a volatile but record-breaking ride in 2024, driven by a mix of global uncertainty and economic shifts.

There’s still no end in sight to the industrial slump in Germany as industrial production dropped once again in October.

USD/CAD moves higher to near 1.4040 as the US Dollar gains ahead of the US Nonfarm Payrolls data.