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29 Jun 2020

Coronavirus update: New COVID-19 cluster in China, seventh day of above 5,000 cases from Texas

The death toll from COVID-19 reached half a million people on Sunday, as per Reuters tally. The update also highlights more than 10 million reported coronavirus (COVID-19) cases.

Elsewhere, Texas registered the seventh day when the pandemic cases are over 5,000 per day while California marked an increase of 4,810 cases to 21,243 total, as per the Reuters reported relying on the State Health Department. The news additionally suggested that the Positivity rate over the 14-day average is trending modestly upward.

Furthermore, China’s Anxin county announced heavy lockdown restrictions like Wuhan adhered to during the early outbreak of the deadly virus. Additionally, Tokyo marked 60 new cases, the highest since the state of emergency was ended on May 25.

Market implications

All these factors together signal the return of the pandemic and weigh on the market’s risk-tone. While portraying the same, S&P 500 Futures drop 0.11% to 3,003 by the press time.

Jun 29, 2020

GBP/USD Price Analysis: Seesaws around monthly low above 1.2300 amid oversold RSI conditions

GBP/USD drops to 1.2335 during the initial Asian session on Monday. The Cable refreshed the monthly low while declining to 1.2315, lowest since May 29
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Jun 29, 2020

Japan Retail Trade (YoY) came in at -12.3% below forecasts (-11.6%) in May

Japan Retail Trade (YoY) came in at -12.3% below forecasts (-11.6%) in May
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