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  1. After trending lower over the past several sessions, treasuries regained some ground during trading on Friday amid geopolitical concerns.

    Bond prices moved notably higher early in the session but pulled back off their best levels as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.6 basis points to 2.262 percent.

    With the modest decrease on the day, the ten-year yield moved lower after ending the previous session at its highest closing level in well over a month.

    The rebound by treasuries came amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump.

    In a statement circulated by state news agency KCNA, Kim described Trump's threat to "totally destroy" North Korea as "mentally deranged behavior."

    Kim also called Trump's remarks "rude nonsense" and claimed he was not frightened by the president's threat.

    "I am now thinking hard about what response he could have expected when he allowed such eccentric words to trip off his tongue," Kim said.

    "Whatever Trump might have expected, he will face results beyond his expectation," he added. "I will surely and definitely tame the mentally deranged U.S. dotard with fire."

    Trump responded to Kim's statement with a post on Twitter on Friday, calling the North Korean dictator a "madman."

    "Kim Jong Un of North Korea, who is obviously a madman who doesn't mind starving or killing his people, will be tested like never before!" Trump tweeted.

    The back-and-forth between Trump and Kim came as North Korean Foreign Minister Ri Yong Ho has said his country may consider testing a hydrogen bomb in the Pacific Ocean.

    Nonetheless, overall trading activity was somewhat subdued amid a relatively quiet day on the U.S. economic front.

    Developments regarding the situation in North Korea may impact trading next week, although traders are also likely to keep an eye on reports on new home sales, durable goods orders, and personal income and spending.

    The Treasury Department's auctions of two-year, five-year, and seven-year notes may also attract attention among bond traders.

    The Treasury plans to sell $26 billion worth of two-year notes next Tuesday, $34 billion worth of five-year notes next Wednesday and $28 billion worth of seven-year notes next Thursday.


    The material has been provided by InstaForex Company - www.instaforex.com
  2. The dollar is turning in a mixed performance against its major rivals Friday afternoon, but is little changed overall. Investors have been reluctant to make any major moves going into the weekend, as tensions between the United States and North Korea have worsened again.

    The leaders of both nations have traded verbal jabs and North Korean Foreign Minister Ri Yong Ho said his country may consider testing a hydrogen bomb in the Pacific Ocean.

    The dollar slid to an early low of $1.2004 against the Euro Friday, but has since rebounded to around $1.1950.

    The eurozone private sector ended the third quarter on a strong note in September, with growth in activity picking up to its highest since May, flash data from IHS Markit showed Friday. The headline composite output index rose unexpectedly to 56.7 in September from 55.7 in August. The expected score was 55.6.

    Germany's private sector grew at the fastest pace in almost six-and-a-half years in September, flash data from IHS Markit showed Friday.

    The composite output index rose unexpectedly for the consecutive second month in September, to 57.8 from 55.8 in August. This was the highest reading since April 2011. The reading was forecast to fall to 55.7.

    France's private sector expanded the most since May 2011, flash data from IHS Markit showed Friday. The composite Purchasing Managers' Index rose unexpectedly to a 76-month high of 57.2 in September. Economists had forecast the index to drop to 55.0 from 55.2 in August.

    France's economic growth held steady in the second quarter as previously estimated, latest figures from the statistical office Insee showed Friday. Gross domestic product expanded 0.5 percent sequentially, the same pace of growth as seen in the first quarter. This was in line with the estimate published on August 29.

    The buck dipped to an early low of $1.3595 against the pound sterling Friday, but has since bounced back to around $1.3530.

    The greenback dropped to a low of Y111.644 against the Japanese Yen this morning, but has since climbed to around Y111.995.


    The material has been provided by InstaForex Company - www.instaforex.com
  3. Crude oil prices inched higher Friday, preserving weekly gains as OPEC met in Vienna to discuss output cuts.

    Oil's rally stalled amid uncertainty over the outcome of the meeting.

    Russian Energy Minister Alexander Novak said Russia and OPEC can wait until at least January before announcing further production quotas.

    Earlier in the week, Kuwait's oil minister said the oil market was already on the way to re-balancing.

    November oil rose 11 cents to $50.66 a barrel, for a weekly gain over 0.4%.

    At one point, oil touched a 4-month peak near $51.

    U.S. crude inventories rose for a third straight week, by 4.6 million barrels in the week ending Sept. 15, the Energy Information Administration said Wednesday.


    The material has been provided by InstaForex Company - www.instaforex.com
  4. Gold futures were flat Friday, steady after big losses earlier in the week.

    Dec. gold was up 0.2 percent to $1294.80/oz. today, having touched a monthly low on Thursdsay.

    Data showing weakness in the manufacturing sector conflicted with the Federal Reserve's rosy assessment of the economy on Wednesday.

    At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed today.

    "The manufacturing sector, which was already struggling in August, consequently acted as an increasing drag on the economy, leaving services as the main growth driver. The survey is consistent with a slight deterioration in comparable official manufacturing output data," said Chris Williamson,?Chief Business Economist at IHS Markit.

    "While repair work in the aftermath of Hurricane Harvey may boost short-term business activity in coming months,?a drop in business optimism about the year ahead suggests that companies have become less confident in the longer-term outlook."

    On Wednesday, the Federal Reserve maintained their so-called 'dot plot' of rate projections for this year and next, strongly hinting at a December rate hike.

    Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them.


    The material has been provided by InstaForex Company - www.instaforex.com
  5. Crude Oil Rises Further Above $50


    The material has been provided by InstaForex Company - www.instaforex.com