The new deadline is 3 December
There’s going to be a lot of hooblah on this as per the usual but at the end of the day, the can is just going to be kicked down the road again.

WTI trades back up to above $84 on the day
The $85 mark still poses a modest resistance point on the daily chart but the fundamentals continue to look solid for oil as we look towards next year.

November forex seasonals
November is an interesting month for seasonals because there are a few strong trends and some that often interrupted.
Cable is an interesting example. One the face of it, the 0.42% average decline over the past 20 years is unremarkable but when you strip out the past two US Presidential elections (2020 and

Purchasing Managers‘ Index (PMI) data from China’s National Bureaus of Statistics and the China Federation of Logistics and Purchasing (CFLP)
– expected 49.7, prior 49.6

Reuters, citing a draft
The global minimum tax has been in the works for awhile so it’s not a surprise. I could see it impacting capital flows over time but it’s tough to see it in any tradable way, especially with so much of the implementation (and loopholes) still unknown.

Forex news for North American trading on 
October 29, 2021
It was month-end and also a Friday, which can be a formula for illiquid market conditions due to the flows in the market. It became clear in the North American session that dollar buying was the order of course. Going into the London fixing at 11 AM ET/1600 GMT, buyers

Dow industrial average closed at a record level as well taking out the October 26 high close
the major indices all closed at record levels to and the month of October.

Up $0.76 or 0.92%
The high for the day reached $83.74. The low extended to $81.41.
The price last week closed around $84.15. With the settlement at $83.57 this week, the contract price fell by and modest $0.58. Nevertheless, it was a down week for the crude complex.

It is the first week of the new month which means purchasing managers data along with the US and Canada jobs report are on tap
Unlike last week when there was also the earnings calendar, the majority of the major earnings have already been announced. As a result, traders will not need to deal with that dynamic.

First close below MA since July 2020.
With the EURUSD trading at 1.1554, the pair is on track to close the week below the 200 week MA. That MA comes in at 1.16657.