The latest update on the situation from South Korea The country has done well to curb the spread of the virus outbreak in general, but this blip is proving to be a real concern for health authorities and the government as they look to ease restrictions for daily life to return to more normal conditions.
Blogs
Trade ideas thread – European session 15 May 2020
Daily thread to exchange ideas and to share your thoughts Wall Street saw more volatile trading but in the end, dip buyers won out as indices closed at the highs to create doubts for sellers after the early downside momentum.
Tokyo governor says aiming to draw up reopening roadmap as early as next week
Comments by Tokyo governor, Yuriko Koike Tokyo saw another 30 new coronavirus cases reported yesterday – the daily count holding below 50 cases for a ninth straight day – and that brings the overall tally to just over 5,000 confirmed cases in the Japanese capital.
Germany reports 913 new coronavirus cases, another 101 deaths in latest update
RKI estimates the virus reproduction rate to be at 0.75 as of yesterday See here for global coronavirus case data The 913 new cases brings the total confirmed cases to 173,152 but the additional ~1,400 recoveries still outpace the daily case count for now. RKI reports that an estimated ~151,700 persons have recovered from the […]
Week ahead for AUD – 'mildly bearish'?
A snippet from ANZ on what to watch ahead for the AUD next week: From the RBA: (RBA minutes are on Tuesday May 19, 0130GMT Lowe's is speaking on Thursday May 21, 0230GMT - part of a panel discussion)
Japan state of emergency to be lifted in 39 provinces, not in Tokyo
An easing of restrictions , but 8 remain in the state of emergency. in 39 provinces Tokyo is not amongst the easings, – will remain restricted until at least June according to media reports in Japan today
How to fix the coronavirus test giving incorrect results – do another, different test!
I posted earlier on the US FDA alerts on early data suggesting potential inaccurate coronavirus test This is very widely used and accepted test, indeed its the one used in the White House. The issue with it is the high rate of false negative results. See here for global coronavirus case data
ForexLive Asia FX news wrap: China data confirms consumers reluctance to spend
Forex news for Asia trading Friday 15 May 2020 Currencies were fairly through the session here following their rise during the US afternoon. There was one final small pop above the US high for EUR, GBP, AUD, NZD against the USD (USD/CAD vice versa dip) but this was soon reversed and all of these are […]
China officials say daily electricity generation up 1.17% y/y in April, consumption +2%
The State Grid Corporation of China is the state-owned electric utility monopoly. The State Grid Energy Research Institute: – says that daily electricity generation up 1.17% y/y in April Earlier data from China today:
AUD/USD battleground now shifts to key near-term levels after rebound yesterday
AUD/USD continues to knock on the door of the key hourly moving averages See here for global coronavirus case data That is the story in the pair so far in trading today, after the turnaround in US equities helped to breathe life into the aussie in late trading yesterday.