Adds that OPEC+ output deal could be extended if needed to be
– We can tweak OPEC+ deal if there is consensus
– New lockdowns won’t impact demand to same extent as in April
I reckon they can be pleased that the dollar slump in the past week has helped to take some of the focus away from

AP have called the win for Biden:
Joining in on pronouncing the inevitable, NBC and CNN have also both projected Biden has won the US presidency. Edison Research also. 

Data was released over the weekend for China trade balance’s last month 
A surplus of 401.75bn yuan
Exports +7.6% y/y vs.
Imports +0.9% y/y
USD terms
China trade balance: 58.44bn vs.

Biden holds lead in key four states.
Former VP Biden continues to hold the lead in the 4 key states.  The leads widened in Pennsylvania, Georgia, and Nevada. The lead for Biden narrowed in Arizona, but he still maintains a lead of close to 30,000 in that state.

No breakthrough in talks
There was a brief pop in sterling on Friday on news that Boris Johnson and EU president Ursula von der Leyen would speak in a phone call today. The hope was for a breakthrough but it hasn’t come.

White House chief of staff Mark Meadows has the virus
White House chief of staff Mark Meadows was diagnosed with covid-19 on Wednesday, just hours after he attended Trump’s declaration of victory party without a mask.

Lead moves to 4,263
The votes came from Gwinnett County

NASDAQ closes up 9% for the week
A look at the final numbers are showing:

Forex news for North American trade on November 6, 2020:
Markets:
It was a wild week but the final session was a more-subdued affair as the slow count in the US continued in what looks like a march to victory for Biden. The jobs report didn’t deliver much in terms of market moves but a Fox report

Forex futures positioning for the week ending November 3, 2020.
– EUR long 140K vs 156K long last week. Longs trimmed by 15K
– GBP short 11K vs 7K short last week. Shorts increased by 4K