The Japanese Coast Guard says the unidentified projectile appears not to have land inside Japan's economic zone. – missile has landed in the East Sea —
Blogs
FT: Global petrol demand set to drop as much as 50% in some key markets
Financial Times piece citing analysis Global petrol demand set to drop as much as 50 per cent in some key markets Oil refineries worldwide are preparing to slash processing rates
OPEC presidency urged an emergency meeting on collapsing prices, members said no.
Algeria currently holds OPEC's rotating presidency, urged convening a panel to consider assesses market conditions and falling prices. Bloomberg cite an unnamed official as saying the request did not get enough backing to go ahead.
Coronavirus – Russia will temporarily shut all its borders from 30 March
Other recent development re the virus in Russia: – Moscow shut all non-essential business on Saturday, the Mayor wants everyone to stay at home – all international flights were stopped on Friday
US President Trump is considering enforceable quarantine on New York, New Jersey, parts of Connecticut
Trump tweeted his thinking He added more in comments to media: OK, so from those comments it appears he'll decide Saturday US time. — New York governor Andrew Cuomo says Trump's proposal is a "preposterous" idea
Fitch cuts it rating for the UK with a negative watch – “material downside risk”
Fitch Ratings cut the U.K. to AA- from AA with outlook negative. Fitch citing the hit to public finances: On the UK economy, Fitch: Forecasts: – GDP to contract nearly 4% in 2020 —
Italy reports 5914 new coronavirus cases vs 5959 Friday
The latest numbers from Italy The US has 110,319 cases and only 1839 deaths. I think it's safe to say the real number of cases in Italy is at least 5x higher. At some point the numbers simply overwhelm the system.
Trading Support and Resistance – 29 March 2020
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Forex Forecast: Pairs in Focus – 29 March 2020
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Weekly Forex Forecast – 29 March 2020
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