Some profit taking ahead of the weekend
The EURUSD is trading to a new day low as the clock ticks toward the close.  
For the week, the EURUSD moved above old swing lows from Jan, March and April 2018 between 1.2153 to 1.2164, but could only reach 1.2177 before sellers reentered. 

Weekly FX positioning data for the week ending December 1, 2020
– EUR long 140K vs 138K long last week. Longs increased by 2K
– GBP short 8K vs 17K short last week. Shorts trimmed by 9K

WH Peter Navarro (mouthpiece form Pres. Trump) speaking on FOXBusiness. Pres. Elect Biden also speaking. 
WH Navarro on FoxBusiness is saying:
Meanwhile Pres. elect Biden is saying similar things:

Bloomberg reports, citing officials familiar with the situation
Adding that several members of the governing council would support such a proposal, even those who have a personal preference for a six-months extension.

Reuters reports, citing sources involved in China’s internal policy discussions
A drop in USD/CNY to 6.40 would mean another 2% drop from current levels. Since peaking in late May, the pair has already fallen by roughly 9%.

GBP/USD pares the jump earlier to 1.3494 as price retreats back to 1.3450
The pair got a jump from the earlier headline , before giving back all of the gains now as we see a retreat upon nearing a test of 1.3500. There is also key daily resistance from the 1 September high @ 1.3483 to

The US jobs report today may not have any overbearing consequences but it should still reflect sentiment for the most part
You can’t really blame anyone for forgetting or ignoring today’s non-farm payrolls report. Amid Brexit headlines and US stimulus talk, as well as the ongoing battle between the virus situation and vaccine optimism, it is

That is pretty much the motto of every central bank now
And yet, they wonder why they keep getting questions on asset bubbles.

This is a market itching to buy the pound
The Brexit angst from yesterday is quickly forgotten now as we continue to wait on more concrete developments from talks in London, with either some time today or tomorrow.

Reuters with the latest on the Brexit front, citing an EU diplomat on the matter
There doesn’t seem to be much room to compromise and that bolsters the narrative that if both sides are to magically come up with an agreement, it may very well exclude the three key outstanding issues i.e. postponing them to a