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Australian Dollar, Crude Oil Prices, OPEC, US-China Trade Deal, Coronavirus – TALKING POINTS Australian Dollar eyes renewed US-China trade tensions as coronavirus strains relations Crude oil prices may retreat if OPEC+ meeting highlights internal political fragmentation Euro eyes key meeting with EU leaders on EUR500b aid package with cautious optimism Crude Oil Prices Eye OPEC+
The latest data published by Arizona’s health department showed that the number of confirmed coronavirus cases in the state rose by 4,221 to a total of 116,892 on Friday, as reported by Reuters. Further details of the daily update revealed that COVID-19-related hospitalizations decreased by 5 to 3,432 as of Thursday. Moreover, adult intensive care unit beds in
The latest numbers from Arizona PCR tests 16,110 vs 11,931 yesterday Deaths 44 vs 75 yesterday Positive test % at approx 25% vs 33% yesterday Cases up 3.7% vs 3.7% seven-day average The metrics in Arizona are the worst in any state right now. The % positivity rate is strong evidence of an out-of-control pandemic
China says will release details on countermeasures ‘soon enough’ This comes after the US moved to sanction Chinese officials related to the human rights violations against Muslim minorities in Xinjiang. Among those sanctioned were China’s Politburo member, Chen Quanguo, alongside three other officials. The geopolitical uneasiness continues to play in the background but these visa
Copper Price (XAUUSD) Analysis, Price and Chart Copper’s multi-month rally took a sharp leg higher this week. Bullish golden cross appears on the chart. Recommended by Nick Cawley Find Out the No.1 Mistake Traders Make Get My Guide Copper: A Real V-Shaped Recovery Copper continues to rally and the ongoing move higher accelerated again today
At the press time, the EUR/USD pair is gaining 0.23% at 1.1355 though Thursday’s 4-hour chart is pointing to overbought conditions which implies a downward correction, Yohay Elam, an analyst at FXStreet, briefs. Key quotes “The Relative Strength Index on the 4-hour chart is above 70, pointing to overbought conditions – and implying a downward
The positive vibes carry over to Europe to start the session Eurostoxx +0.6% Germany DAX +1.0% France CAC 40 +0.6% UK FTSE +0.4% Spain IBEX +0.6% This follows the largely more upbeat tone in Asia, with Chinese equities closing firmer once again in trading today with the Shanghai Composite finishing up by 1.4%. That said,