|

Victoria records 374 new cases of coronavirus and three more deaths

The Guardian reported that Victoria has recorded 374 new cases of coronavirus in the past 24 hours, and three more people have died.

The three people who died are a woman aged over 100, a woman in her 90s and a woman in her 80s.

NSW has recorded 13 new cases of coronavirus

In other news, the Guardian reported that NSW has recorded 13 new cases of coronavirus in the 24 hours to 8pm last night, a statement from NSW health has said.

That brings the total number of cases in NSW to 3,410.

The 13 new cases are:

Ten people associated with the Thai Rock Restaurant in Stockland Mall at Wetherill Park: four people who dined at the restaurant and six contacts of people who dined there. The two cases reported on Monday at Our Lady of Lebanon Cathedral are contacts of a diner at Thai Rock.
Two people who were contacts of cases linked to the Crossroads Hotel cluster, bringing the size of that cluster to 50.
One overseas traveller in hotel quarantine.

Market implications

It is a fluid situation but the markets remain optimistic with respect to a vaccine. 

Markets are trading long opportunities in the crosses, such as the following, and leaning on US dollar weakness:

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, rises above $5,400

Gold benefits from intense risk-aversion on Monday and climbs above $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network  hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.