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Intra-day Market Moving News
21 Nov 2019 15:56 USD/MAJORS... Reuters news, U.S. House speaker Pelosi says : 
 
- we are making progress on USMCA trade pact 
- we want to see enforceability as part of new U.S., Mexico, Canada trade pact 
- she is eager to get USMCA done but it will take time to write and bring bill to the U.S. House floor 
- 'we certainly have to make progress today' in USMCA meeting with U.S. Trade Representative 
 
Reuters then reported U.S. House of Representatives Speaker Nancy Pelosi said on Thursday that progress was being made to address Democrats' concerns about a U.S. trade pact with Canada and Mexico, but that it will take time to write the bill and bring it to a vote. 
 
Speaking to reporters at the U.S. Capitol, Pelosi repeated that ensuring enforceability was essential for Democrats to sign on, adding that progress needed to be made in a meeting with the U.S. trade representative on Thursday. 
 
21 Nov 2019 15:44 USD/MAJORS... Reuters news, Fed's Mester says : 
 
- she would re-evaluate monetary policy if there were signs weakness in hiring or consumer spending 
- she thinks risks to the economy are still tilted slightly to the downside 
- she expects US economy to grow by an average 2% this year and for inflation to be slightly below 2% 
- potential standing repo facility is an idea worth considering but design will be imporant 
- Fed officials watch for lower inflation expectations but current readings are not problematic 
 
21 Nov 2019 15:18 USD/MAJORS... Reuters news, Fed's Kashkari says : 
 
- we are seeing wages picking up for entry-level jobs, 'those folks are long overdue for a raise' 
- U.S. consumer is still strong 
- businesses have cut back on their investments, nervous about the future 
- if there are resolutions in trade wars, tariffs, hopefully will see more business investment 
- overall his forecast is for continued growth, but trade is a big risk 
 
21 Nov 2019 15:01 EUR/USD - 1.1080... Reuters reported euro zone consumer confidence rose by 0.4 points in November from the October number, figures released on Thursday showed. 
 
The European Commission said a flash estimate showed euro zone consumer morale improved to -7.2 this month from -7.6 in October. 
 
Economists polled by Reuters had expected a rise to -7.3. 
 
In the European Union as a whole, consumer sentiment rose by 0.6 points to -6.7. 
 
21 Nov 2019 15:00 USD/MAJORS... Reuters reported U.S. home sales increased more than expected in October and house prices rose at the fastest pace in more than two years amid lower mortgage rates and a shortage of properties for sale. 
 
The National Association of Realtors said on Thursday that existing home sales rose 1.9% to a seasonally adjusted annual rate of 5.46 million units last month. September's sales pace was downwardly revised to 5.36 million units. 
 
Economists polled by Reuters had forecast existing home sales rising 1.4% to 5.47 million units. 
 
21 Nov 2019 13:40 USD/MAJORS... Reuters news, Philadelphia Fed business conditions November 10.4 (consensus 7.0) vs October 5.6 
 
21 Nov 2019 13:40 USD/MAJORS... Reuters reported the number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market. 
 
Initial claims for state unemployment benefits were flat at a seasonally adjusted 227,000 for the week ended Nov. 16, the highest level since June 22, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 more claims received than previously reported. 
 
Economists polled by Reuters had forecast claims decreasing to 219,000 in the latest week. The Labor Department said only claims for Pennsylvania were estimated last week. 
 
21 Nov 2019 13:16 USD/MAJORS... Reuters news, China on 'doorstep' of trade war deal, but 'phase one' tariff removal holding up talks, sources say - SCMP 
 
21 Nov 2019 12:30 EUR/USD - 1.1084... Reuters news, ECB says : 
 
- strong call for unity of Governing Council was made at Oct 23-24 policy meeting 
- frank discussions necessary but important to form consensus, unite behind inflation aim 
- econ data raised question at to whether weakness would continue for longer than anticipated in Sept 
- wide agreement that more info needed to reassess inflation outlook, impact of ECB measures 
- measures should be allowed more time to unfold; expresses confidence they will support inflation 
- plea was made for patience, "wait and see posture" 
 
21 Nov 2019 12:06 GBP/USD - 1.2952... Reuters news, UK Labour leader Corbyn says : 
 
- we are not fighting election to go into coalition with anybody 
- I am patriotic about this country 
 
Reuters then reported the leader of Britain's opposition Labour Party, Jeremy Corbyn, said on Thursday he was aiming to triumph in the Dec. 12 election, not just to win enough seats to form a coalition government. 
 
"We're fighting this election to win as a Labour Party, we are not fighting the election to go into coalition with anybody," Corbyn added at his party's manifesto launch. 
 
21 Nov 2019 12:04 GBP/USD - 1.2952... Reuters news, Conservative Minister Lewis says : 
 
- Labour's manifesto confirms Labour has no plan for Brexit 
- without a plan to get Brexit done, Labour's Corbyn has no credibility on anything else 
 
Reuters then reported Britain's opposition Labour party leader Jeremy Corbyn lacks credibility because he will not say how he would vote in the new Brexit referendum he proposes, the Conservative party said after its main rivals released their election manifesto. 
 
Labour proposes renegotiating Prime Minister Boris Johnson's EU exit deal and putting it to a referendum with the choice to remain on the ballot paper within 6 months if they win the election, but Corbyn has declined to say which way he would vote. 
 
21 Nov 2019 11:51 GBP/USD - 1.2937... Reuters reported British Prime Minister Boris Johnson's Conservative Party holds a 16-point lead over the opposition Labour Party three weeks ahead of the Dec. 12 general election, according to an Ipsos MORI poll for the Evening Standard newspaper. 
 
The Conservatives and Labour are sucking support from the Liberal Democrats and the Brexit Party, the poll showed. 
 
Support for the Conservatives stood at 44%, up 3 points from last week's poll, and that for Labour was up four points at 28%. 
 
21 Nov 2019 11:36 GBP/USD - 1.2939... Reuters news, Conservatives 44%, Labour 28% - Ipsos MORI poll for Evening Standard 
 
Conservatives up 3 points from last poll, Labour up 4 points 
 
Liberal Democrats on 16% (down 4 points), Brexit Party on 3% (down 4 points) 
 
21 Nov 2019 11:34 GBP/USD - 1.2936... Reuters news, UK's Corbyn says : 
 
- PM Johnson's claim to get Brexit done is a fraud 
- PM Johnson's Brexit will mean "years of drawn-out, bogged-down negotiations and broken promises" 
- we will get Brexit sorted within six months, because we're not going to rip up our main trading relationship 
 
21 Nov 2019 10:37 USD/MAJORS - Reuters just reported China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unravelling. 
 
China is willing to work with the United States to resolve each other's core concerns on the basis of equality and mutual respect, and will try hard to reach a "phase one" deal, Gao Feng, spokesman at the ministry, told reporters. 
 
"This is in line with the interests of both China and the United States, and of the world," Gao said. 
 


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