Charges failed for failing to honor House subpoena
The DOJ has filed charges against former Trump White House advisor Steve Bannon for failing to honor a subpoena from the committee investigating the Jan 6 Capitol breach.

Democrats unsure about Manchin on Build Back Better legislation
CNN’s Manu Raju that Democrats are more worried about losing Sen Joe Manchin’s vote in the reconciliation package than Krysten Sinema.

WTI crude oil settles down $0.80 or -0.98%.
The high price for the day reached $81.62. The low extended to $79.78. A week ago, the price closed at $81.17.
For the week the high price extended to $84.97 on Tuesday. The low price for the week was reached today at $79.78. 

Stocks look to recover a little ahead of the weekend
This follows a more mixed showing yesterday and the slight drop in the prior two days, as equities moderate a little following an impressive run since last week.

Gold falls by 0.8% to $1,847 and erases the gains from yesterday
The drop in European morning trade today could be hinting at a reversal of the technical breakout after the US CPI data on Wednesday.

Geopolitical risk something to be wary about ahead of the weekend
The situation here involves thousands of stranded migrants (mostly from the Middle East and Asia), who are hoping to travel on from Poland onto Europe but are now left stranded at the Belarus border crossing.

Latest data released by Eurostat – 12 November 2021
All in all, output is leaning on the softer side towards the end of Q3 but that is to be expected given the more persistent supply and capacity constraints.

A look at what is on the board for today
Just a couple to take note of on the day, as highlighted in .
bold
The one in particular for USD/JPY at 114.00 may look to keep price action more sticky despite higher front-end yields for now, before rolling off later in the day.

That fits with market expectations for the most part
I don’t think OPEC+ is rushing to make any changes to its output policy and they will have another look at things next year as they reassess the global outlook.

USD/CAD moves up to 1.2570, its highest since 7 October, and threatens a break of its 100-day moving average
Commodity currencies are bearing the brunt of the drop in the FX space today, being punished with the dollar pushing higher; even though the greenback’s advance against the euro and pound has been trimmed in the past