Ethereum (ETH) briefly rose above $4,000 on Friday following a lower-than-expected US Consumer Price Index (CPI) print, reinforcing market expectations of rate cuts.

Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week.

The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data.

The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever.

United States Baker Hughes US Oil Rig Count came in at 420, above forecasts (416)

Pump.fun (PUMP) edges higher, trading marginally above $0.0040 after pulling back from an intraday high of $0.0042 on Friday. The meme coin launchpad native token builds on a bullish wave in the broader cryptocurrency market, which propelled Bitcoin (BTC) above $111,000 earlier in the day.

Silver (XAG/USD) eases on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidates below the psychological $49 level.

The EUR/GBP advances during the North American session, even though Retail Sales in the UK, exceeded estimates but a softer inflation reading increased the odds for further easing by the Bank of England. The cross trades at 0.8744, up 0.74% as it hits a four-week high.

Ripple (XRP) increases in tandem with the broader cryptocurrency market, trading above $2.45 on Friday. Market participants anticipate volatility following the release of the US Consumer Price Index (CPI), which showed that inflation is rising, but at a slightly slower pace than market forecasts. 

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, with USD/JPY trading around 152.80, up for the sixth straight day.

GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US).

The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming nearly all of the G10 currencies in overall quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The price of Platinum also came under pressure in the wake of the correction in Gold and Silver, Commerzbank's commodity analyst Carsten Fritsch notes.

The Pound Sterling (GBP) is also steady and consolidating in a tight range in the lower 1.33s, holding flat vs. the USD as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The oversupply on the Oil market had put significant pressure on the prices of Brent forward contracts with short-term maturities in recent weeks: the backwardation that was still pronounced just a month ago has decreased noticeably, Commerzbank's commodity analysts Barbara Lambrecht and Carsten Fri

The Euro (EUR) is steady, trading flat against the US Dollar (USD) and consolidating in a tight range just above 1.16.

So far, however, Russia still seems to be finding buyers for its Oil, Commerzbank's commodity analyst Carsten Fritsch notes.

The Canadian Dollar (CAD) is a little softer following President Trump declaring that all trade talks with Canada had been 'terminated', Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

United States Michigan Consumer Expectations Index registered at 50.3, below expectations (51.2) in October

United States UoM 1-year Consumer Inflation Expectations in line with forecasts (4.6%) in October

United States Michigan Consumer Sentiment Index came in at 53.6 below forecasts (55) in October

United States UoM 5-year Consumer Inflation Expectation registered at 3.9% above expectations (3.7%) in October

United States S&P Global Manufacturing PMI came in at 52.2, above expectations (52) in October

United States S&P Global Composite PMI increased to 54.8 in October from previous 53.9

United States S&P Global Services PMI above expectations (53.5) in October: Actual (55.2)

The Euro (EUR) strengthens against the US Dollar (USD) on Friday after softer-than-expected US inflation data reinforced expectations that the Federal Reserve (Fed) will continue easing monetary policy following its first rate cut in September.

USD/CAD trades higher around 1.4020 on Friday at the time of writing, up 0.20% on the day, holding firm above the 1.4000 mark despite the pullback following the release of the US Consumer Price Index (CPI).