Deaths total 25. Flat from yesterday As regions like Texas, Arizona and Florida suffer from increases in coronavirus cases, NY is doing pretty good.
Blogs
Saudi oil exports to US points toward lowest level in 35 years
The demand and supply of crude oil impacting Saudi oil exports Saudi oil exports to US plunge toward lowest level in 35 years. Needless to say the supply and demand for oil has been in imbalance as a result of the coronavirus and the Saudi self-imposed oil war.
Canada PM Trudeau: US/Canada border to remain closed
Trudeau extends emergency benefits by 8 weeks. The USDCAD opened the North American session lower and back below its 100 hour moving average. However, the USD buying seen over the last hour so has sent the price back above that moving average at 1.35526 and to a new session high at 1.3622. The price has
US and Canada agree to keep border closed for an extra 30 days
Canada and US border to say closed Looking at this map, I can't imagine why Canada would want to keep the border closed. I can tell you that the vast majority of Canadians have no problem keeping the border closed for a long time. If Trudeau re-opens it and Canadian cases spike, he's taking a […]
Texas hospitalizations reaches 2518 confirmed patients a new record
New highs for 7 of the past 8 days On April 6, the state started reporting the number of patients with positive tests who are hospitalized. On that day it was 1153. It is currently 2518
Four headlines hit at virtually the same time to undercut sentiment
Risk trades leg lower in a big way Commodity currencies and stocks were caught in a quick downdraft after at least four headlines hit at virtually the same time:
New Zealand GDT price index +1.9%
New Zealand dairy auction results The New Zealand dollar is being swept away by virus headlines at the moment. For bank trade ideas, check out eFX Plus
Beijing raises Covid 19 response to level 2
Global Times reports – Beijing city official advises people not to leave the city unless necessary. – People leading the capital should have nucleic testing results
Florida Covid 19 cases +3.6% vs 7-day average of 2.5%
Florida Covid-19 cases vs. a 7 day average of 2.4%. Yesterday, the Florida Covid cases rose by 2.3% Today those numbers rose to +3.6% vs. 7 day average of 2.5%.
Watch out for a pickup in Florida COVID-19 cases
Data due out at the bottom of the hour The Florida coronavirus numbers are usually released at the bottom of the hour. There was a small pickup in US equities markets when cases rose 2.3% compared to the 7-day average of 2.4%.