Governor of Tokyo Koike has been urging social distancing, stay-at-home, wash your hands, and the various tried and effective combat measures. But Tokyo numbers continue to move ahead (at a faster rate the recent week)
Blogs
Coronavirus – Sweden 5466 confirmed cases, 282 deaths, but no lockdown in place
An alternative approach in Sweden, where daily briefing are given by state epidemiologist Anders Tegnell, with the blessing of the politicians. – there is no lockdown The UK went into lockdown …
UK Times – govt ministers discuss how and when to ease coronavirus lockdown
The UK Times report that ministerial level discussion have begun amidst fears expressed by the Treasury Times is gated though Here is the link, ForexLive
USD/JPY extends gains on better risk mood to kick start the new week
USD/JPY is at session highs around 109.25 in European morning trade USD/JPY is now keeping a firm break above the 109.00 handle as buyers establish near-term control upon a break of the 200-hour MA (blue line) earlier in the day.
Oil keeps lower to start the week after delay of OPEC+ meeting
Oil is down by about 4% on the day currently ForexLive Oil opened with a modest gap lower, as price fell under $26 in the early stages of today before recovering some poise over the last few hours as the market keeps a more optimistic risk mood with coronavirus developments seeing a better turn over […]
RBNZ Chief Economist says not preparing banks for negative cash rate at the moment
But says that banks would need to be ready if the OCR was taken lower – expanding QE is a decision for the monetary policy committee Yuong Ha is Chief Economist and Head of Economic at the Reserve Bank of New Zealand
Consumer confidence in UK had record drop after coronavirus lockdown
<p>In an interim COVID-19 flash report, Gfk said UK consumer confidence index has dropped sharply by -25pts to -34, between March 16 and 27. That’s the biggest fall since record began in January 1974. Joe Staton, GfK’s Client Strategy Director, says: “Our COVID-19 ‘flash report’ shows a dramatic result with consu
RBNZ Orr will keep monetary support going for as long as necessary
<p>RBNZ Governor Adrian Orr said in a article said the central bank recognized the “threat of COVID-19 to our collective well-being “. It will “keep monetary support going for as long as necessary through QE and other tools.” He also noted that there are “some very hard yards ahead” while “some busine
Spain PM Sanchez: Virus doesn’t respect borders, nor should financing mechanisms
<p>Spanish Prime Minister Pedro Sanchez urged Europe to “build a wartime economy and promote European resistance, reconstruction and recovery” as the country became the most coronavirus infected country in the continent. Total confirmed cases surged pass 131k, taking over Italy’s near 129k. There were 12,641 deaths recorded,
Markets Recover Mildly as Coronavirus Deaths Slow, But Sterling Weak
<p>Asian markets are trading up mildly as the week starts, after coronavirus deaths in New York State fell for the first time. Italy also reported the fewest deaths in more than two weeks. However, investors remain cautious as it’s still almost impossible to forecast the full impact of the pandemic. In the currency markets, Yen [&hellip