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Pound falls after news of UK PM Johnson testing positive for the coronavirus

An interesting reaction ForexLive The pound actually fell on the back of the headline, with cable dropping from 1.2290 to 1.2185 in under 15 minutes as traders scramble on what to make of the news.
Mar 27, 2020 Read more

UK PM Boris Johnson tests positive for the coronavirus

Boris Johnson confirms that he has tested positive for the coronavirus According to a tweet by UK prime minister himself: "Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus. I am now self-isolating, but I will continue to lead the government's response via video-conference as we fight this virus. Together we will beat
Mar 27, 2020 Read more

Spain reports deadliest day of the coronavirus outbreak with 769 deaths

Total number of confirmed cases rise from 56,188 to 64,059 cases That is a jump of 7,871 new cases or a 14% increase. The good news is that the percentage increase in the number of cases is starting to slow down, compared to the 18% increase yesterday and the 20% increase the day before.
Mar 27, 2020 Read more

ICYMI: Trump is to review plans on whether to 'open the country up' this weekend

Trump will meet with the White House coronavirus task force this weekend meeting According to US vice president, Mike Pence, the task force will "share a a range of recommendations and additional guidance for going forward", adding that the administration plans to open the country up but to do so in a responsible manner.
Mar 27, 2020 Read more

Australian department store Myer to shut shop for four weeks, standing down about 10,000 staff

This is being reported by a few local media outlets now ForexLive
Mar 27, 2020 Read more

Equities continue to keep lower so far on the session

US futures are down by over 2% ForexLive And a similar mood is shared across the main European indices as well with the DAX down by 2.3%, CAC 40 down by 2.5%, UK FTSE down by 2.4% currently.
Mar 27, 2020 Read more

Hong Kong reportedly set to announce new measures to contain the virus outbreak

The Hong Kong Economic Times reports on the matter - Government will close entertainment facilities i.e. gyms, cinemas, playground - Government will ask restaurants to reduce customer numbers by half The report says that these measures should go into effect starting from 1830 local time tomorrow and that the government will review the policy after 14 days.
Mar 27, 2020 Read more

USD/JPY keeps under 109.00 but stays above 200-day moving average for now

USD/JPY is doing battle in between the key daily moving averages ForexLive The dollar is keeping mild gains against most major currencies still but it holding weaker against the yen in the session so far. EUR/USD is still settling around 1.1000 after a move down earlier while USD/JPY has moved up a little off lows of 108.24
Mar 27, 2020 Read more

Italy March consumer confidence index 101.0 vs 100.5 expected

Latest data released by Istat - 27 March 2020 - Prior 111.4; revised to 110.9 - Manufacturing confidence 89.5 vs 88.0 expected - Prior 100.6; revised to 98.8 ForexLive
Mar 27, 2020 Read more

Hong Kong confirms 65 new coronavirus cases, biggest daily jump so far

That brings the total to 518 confirmed cases in the city There is growing fear in Asia that Tokyo and Hong Kong are going to be the new hotspots for the virus so be sure to keep an eye on the tally over the next few days/weeks.
Mar 27, 2020 Read more

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