Weekly FX positioning data for the week ending November 17, 2020:
The
only notable change this week is the drop in yen longs but that’s
simply a reversal of last week’s move. Overall, there has been
surprisingly little movement since the election, despite all the
volatility.

Pfizer with the announcement
here
The response to the latest development above is relatively mild but it sees 10-year Treasury yields hold at the highs for the day, up 1.8 bps to 0.847%. European equities are also keeping firmer still and the dollar is losing some ground on the session.

That means that ratification procedures will take place after that
This seems to be the safety net in case negotiations next week continue to lead nowhere. The pressing issue now is time as EU officials view that a deal needs to be struck by next Monday in order to facilitate the translation and ratification before the

Jiji News reports with the national figure
That marks three consecutive record-breaking days for the latest wave of infections in Japan, with the provisional number estimated to be 2,404 currently.

Comments by ECB vice president, Luis de Guindos
He’s highlighting the double-dip recession risk as the tighter restrictions implemented at the start of the month looks set to continue into December as well, considering that the virus situation in many countries have yet to abate.

BBC Europe editor, Katya Adler, tweets
After a briefing to member states on state of play in EU-U.K. negotiations, EU diplomat says: „Gaps are only slowly shrinking on core issues like level playing field, governance and fisheries.“ Says there’s growing concern enough time left.
Essentially, both sides are still waiting on the other to budge on the

Keep an eye out on things at the end of December
actual
There are two key unemployment programs still running in the US currently and that is the Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC).

Reuters reports, citing an EU diplomatic source
Daily Express‘ Brussels correspondent, Joe Barnes, also corroborates with the report in saying that Barnier will be briefing EU member states tomorrow to update on Brexit talks.

Latest data released by UK CBI – 19 November 2020
UK manufacturing orders is seen declining at a quicker pace in November, with order books seen softening again amid more lockdowns across the region. Of note, output volumes have declined to their slowest pace in over a year, according to CBI.

BBC political editor, Laura Kuenssberg, reports
„Barnier has cancelled briefings to EU side – planned for Tues night and then Weds lunchtime – only a hint, but perhaps a good sign that negotiators are churning through the obstacles to a deal, working not briefing!“