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 

Gold up $2 to $1951 today
Credit Suisse
„Gold extends its consolidation from our $2075 target hit in August
and we maintain our core view this is a temporary and corrective pause
in the broader uptrend,“ CS notes. 

This has become the usual filler in between negotiations
It seems like both the EU and UK are willing to let this run for a while longer, but that will run it close to the end of the transition period on 31 December.