Market today remains risk-averse amid gloomy outlook for Brexit and the US-China trade deal. A lack of major data and events keep markets focused on the trade/Brexit headlines, doubts over global economic strength extend the US Dollar’s positive momentum on early Friday.

China termed the US Vice President Mike Pence’s criticism of Chinese human rights records and support for Hong Kong as playing “good cop-bad cop” ahead of the key trade summit in Chile, up for early November.

On the currency front, the Euro keep the losses backed by the European Central Bank’s (ECB) downbeat assessment while the British Pound hold onto declines as traders doubt British Prime Minister’s (PM) ability to break more than three-year-old Brexit deadlock. Conversely, the Japanese Yen failed to attract any safe-haven demand and remained confined well within this week's trading range, just above mid-108.00s pivotal point.

Except for the German Consumer Confidence and IFO numbers, the European and the UK session are likely to keep the market focus on the trade/Brexit headlines.

Except for the German Consumer Confidence and IFO numbers, the European and the UK session are likely to keep the market focus on the trade/Brexit headlines.

While no major data/event is up for publishing, speculations surrounding the European Union’s (EU) response to the Brexit extension and the UK Parliamentary process on the PM’s snap election motion will entertain markets ahead of the key week. It should also be noted that the US Defence Secretary recently criticized Turkey’s Syrian invasion and might trigger the pullback in oil prices during the latter part of the day.

Oil prices stay on the back foot amid rising doubts on global economic growth, receding geopolitical tension and likely increase in the global supply, mainly supported by the United States (US) and Saudi Arabia.

Gold prices inched up on Friday as traders awaited next week’s U.S. Federal Reserve policy meeting. Apart from a fresh bout of Brexit anxiety, growing concerns about slowing global growth weighed on investors' sentiment and lifted the safe-haven Gold to over two-week tops, levels further beyond the key $1500 psychological mark.