Amid lingering US-China trade uncertainty and Hong Kong unrest, the risk sentiment remained tepid in Black Friday’s quiet trading. The Asian equities traded on the back foot, led by the declines in Hang Seng while the Wall Street futures also incurred moderate losses.

The US dollar was on the defensive across its main competitors amid a lack of fresh catalysts and Thanksgiving holiday-mood dull trading. Gold, on the other hand, recovered some ground but remained below the 1460 level.

Across the fx board, thin trading ranges persisted, as markets refrained from placing any directional bets amid trade tensions and monthly closing. USD/JPY was flatlined around 109.50, having faced rejection at higher levels amid BOJ Governor Kuroda’s comments. Both the European currencies, EUR/USD and GBP/USD cheered broad-based US dollar weakness, but the gains were limited heading into a busy EUR docket.

We have a relatively busy Friday’s EUR calendar, considering the Thanksgiving and Black Friday light trading anticipated. The Employment data is due out of Germany at 08:55 GMT, while a slew of minority reports will be published from the UK at 09:30 GMT. The key event of note in Europe remains the Eurozone Preliminary Consumer Price Index (CPI) and Jobless Rate data, dropping in at 10:00 GMT.

A holiday-subdued NA session, as US traders will be operating half time. Markets also await fresh developments on the US-China trade front, as Hong Kong is likely to see large-scale protest rallies, this time on social media, this weekend.

Oil drops to the intra-day low of $58.07 by the press time of early Friday. The energy benchmark seems to have negatively affected by the sluggish demand outlook due to the US-China tussle. Though, traders are more concerned for the next week’s meeting of major oil producers in Vienna.