Tesla down on Elon Musk shenanigans but broader sentiment recovers
Tech was an early drag at the start of the day but Nasdaq futures have managed to turn around a 0.4% drop to flat levels now. In turn, S&P 500 futures are also up a touch by 0.1% and getting closer to the 4,700 mark.

Powell scheduled to speak at 1530 GMT
He is due to deliver the opening remarks at the ‚Gender and Economy Conference‘, hosted by the Fed later today. The conference is centered around exploring how gender and opportunity influence economic and financial outcomes over an individual’s lifetime.

Latest data released by Sentix – 8 November 2021
The current conditions index fell from 26.3 in October to 23.5 in November though, its lowest figure since June but the expectations index moved up from 8.0 to 13.3.

WTI up over 1% to $82.20 levels on the day
After some exhaustion at the highs around $85, WTI slipped back below $80 on Thursday last week only to recover strongly on Friday – helped by a weaker dollar.

A flattish Monday
With risk sentiment tepid and not really in the mood for anything thus far, it is leaving traders little to work with as we get things going on the new week.

A look at what’s driving Ripple
Global payments solution provider Ripple has been in the news the whole year for varied reasons. First, its prolonged legal battle with the Securities and Exchange Commission, which many didn’t expect to go on for this long, especially with Gary Gensler at the helm of the Commission. 

The US House of Representatives passed a bipartisan infrastructure bill late Friday, circa US$550bn. 
A second bill (circa $1.75tln) re tax and spending was not voted on yet. Next week the House is on a break so there is least a week’s wait for this. A ‚procedural‘ vote passed to tee up voting when the Reps.

NASDAQ up for the 10th consecutive trading day
The final numbers are showing:
For the trading week, the
The JPY is ending the day as the strongest of the majors while the GBP is the weakest.  

Price is closing lower on the week and gave up all the day gains
The USDCHF is not ending on a happy note for the buyers as the week’s trading moves toward the close. 

Forex news for New York trade on November 5, 2021:
Markets:
The non-farm payrolls report was solid across the board but not strong enough to shake anyone out of their beliefs. So markets continued to price out rate hikes and squeeze bond shorts. Once again, that led to yen buying in an unwind of some of the