Blogs

USD/JPY: Both currencies are strong

So far this week, gold futures have fallen 0.64 percent, continuing last week's trend and losing its safe-haven status at least momentarily.

Amidst record drops in crude oil and equity markets and record highs in volatility, we have also recently witnessed US Treasury yields turning negative

Number of patients in ICU and hospitalizations point – Number of deaths increased to 21,340 versus 20,796 yesterday. That is a rise of a 544 or 2.61% – number of cases increased 181,373 from 178,172 yesterday. That is an increase of 3201 or 1.79% See here for global coronavirus case data

Italy coronavirus statistics for the day Finally from a WHO expert: See here for global coronavirus case data

German DAX rises by 1.6% See here for global coronavirus case data

Interesting analysis Reporters at the New York Times have dived deep into historical death numbers and compared them to current trends and it paints a very clear picture of widespread under-counting globally.

Weekly petroleum inventory and production data: June WTI crude rose about 20 cents on the headline. The small build in gasoline along with stronger refinery utilization is a bit of a puzzle to me.

Eurozone advance consumer confidence data: See here for global coronavirus case data

These are tough to track There's a big headline noting that this is lower than the day before but there's a big skew in the Monday numbers every week, that's corrected on Tuesday. So Tuesday is always artificially high.