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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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J.P.Morgan note that “in addition to the fundamental uncertainty introduced by the new COVID variant, we think the move to lower yields late last week was exaggerated by impaired liquidity: market depth has been challenged as of late, particularly at the front end. On top of that, the Friday session after Thanksgiving tends to be a quiet one when many participants step away from the market, further reducing liquidity, which we think helps explain Friday’s outsized moves.”