The University of Michigan US consumer confidence survey tilted higher to 95.7 points in November vs. 95.5 in October, better than forecasts of 95.

Which comes amid the uncertainty uncertainty over the details about the US-China trade talks and the possibility for a sustainable trade deal.

The survey also showed that current conditions index reading declined to 110.9 points in the same month vs. 113.2, while the economic expectations rose to 85.9 vs. 84.2.

US stocks faltered in early trading on Friday, amid cautious trading due to uncertainty over the details about the US-China trade talks and long-awaited trade deal.

China's Ministry of Commerce stated yesterday that the trade talks with the US are witnessing further progress, and added that the first phase of the trade deal would be signed within the next few weeks.

Several news agencies also reported that Washington and Beijing are moving forward to the removal of tariffs on each other's goods, which signals a potential end for the trade war.

However, the White House top trade adviser Peter Navarro said that there is no agreement yet between the US and China, which sparked doubts about the recent positive statements.

As for stocks, Dow slipped less than 0.1% or 4 points to 27,665, and S&P 500 lost half a point to 3,084 points, while Nasdaq gained 4 points to 8,439.

The Canadian dollar fell against the greenback on Friday, and hit a 1-week low as the US currency surged against most currencies, ahead of important data on the Canadian labor market, which provides insight on the overall economic health of the Canadian economy and the odds of further rate cuts during this year.

USD/CAD rose by 0.3% to $1.3205 (the highest since October 30), after opening at $1.3171, with session-low of $1.3171.

Loonie gained 0.1% against the US dollar yesterday, its first gain in the 4 days, buoyed by oil prices rise to a month-and-a-half high.

The US dollar rose by 0.2% on Friday, to extend its gains for the fifth straight day, and hit a 3-week high of 98.23 points, to reflect the US currency robust performance against a basket of currencies.

This broad rally by the US dollar is due to the trade war risks receding in addition to the continued positive data and the strong US services sector data during October, which indicates that the US Federal Reserve will unlikely cut the interest rates for the fourth during this year.

Bank of Canada (BoC) hinted at the end of the October 30 meeting further rate cuts in line with its forecasts for an economic growth slowdown in the second half of this year, due to the state of uncertainty that cast its shadow around global trade disputes and the continued adjustment in the energy sector.

The bank confirmed closely monitoring the global geopolitical and economic developments to determine the extent of slowdown on the manufacturing and investment sectors through the appropriate course of monetary policy, adding that the economic flexibility will be increasingly tested as trade disputes continue.

The Bank of Canada kept the interest rate unchanged at 1.75%, which was widely expected, as it has raised rates three times in 2018 by 25 basis points each time, emphasizing its confidence in the economic growth path.

While in order to reassess the Canadian interest rate outlook for this year, investors are anticipating the release of the monthly jobs data for October, which is a key gauge of the Canadian economy's health during Q4 this year.

At 12:30 GMT, Canada's new jobs data will be released, with forecasts of the creation of 14.7K new jobs in October vs. 53.7K in September, while the unemployment rate is expected to hold at 5.5%.

Bitcoin fell in spot trading on Friday, to continue dropping for the second straight day, amidst the narrow volatility range above $9,000 which has been dominating Bitcoin trading for two weeks, as it was formed after a big rally by Bitcoin following the Chinese leader Xi Jinping's positive remarks about blockchain and the crypto industry.

At Bitstamp exchange, Bitcoin lost $123 or 1.3% to $9,086, after it opened at $9,209, with an intraday high of $9,253.  

Bitcoin dropped 1.6% yesterday, its second daily loss in 3 days, on profit taking from a 1-week high of $9,587.

The total market capitalization of cryptocurrencies fell by $2 billion today, to a total of $248 billion, as Bitcoin and most other major cryptos fell.

After Bitcoin posted a 5-week high of $10,350 nearly 2 weeks ago, volatility bounced back in a narrow range above the $9,000. 

As Bitcoin clearly needs further catalyst to gather momentum to jump to fresh highs above the $10,000 barrier. 

This large rally by Bitcoin came after positive remarks from the Chinese leader Xi Jinping about the blockchain technology and the crypto industry, as China is giving more positive news about the new industry.

The crypto market is still mainly focused on the positive news about China approach to the crypto industry, which is boosting investments confidence levels in the nascent industry.

The latest of such is new official Chinese documents revealed that Bitcoin mining will no longer face prohibition by the government, as the documents show that mining is no longer on the list of undesirable industries.

The Chinese National Development and Reform Commission has removed cryptocurrency mining from the list of industries it wants to eliminate.

This new development comes within China’s new Industrial Structure Adjustment Guidance Catalog, which will take effect by the beginning of 2020.

As for investment in Bitcoin, the payments giant "Square" reported its earnings in the third quarter of 2019, with a profit of $2 million from Bitcoin sales through its Square’s Cash App for Bitcoin investment, as the company's revenues reached $148 million against $146 million in costs.

The company stated that Bitcoin buyers through the application almost doubled in Q3, in addition to orders for BTC cards sharply increasing.

Otherwise, Huobi exchange stated that it will freeze all of its US customers' accounts starting from November 13th, and said that its user agreement expressly prohibits customers in the U.S. from using its trading platform.

Huobi notified the customers that they will be refunded in Bitcoin and and other cryptos, and told the ones who have borrowed funds in margin trading to return their loans and withdraw any crypto assets in their accounts.