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US: A peak in new coronavirus case growth seen 3-4 days ago – JP Morgan

In the view of Marko Kolanovic, a quantitative strategist at JPMorgan, they have seen a peak in the new case growth of coronavirus in the US.

Key quotes

"We believe we've seen a peak in new case growth in the US 3-4 days ago.

Deaths will peak in about a week.

So, we look for a limited reopening of the economy in 1-2 weeks.

We think we will be able to recover the losses in equities sometime next year."

When is the RBA rate decision and how could it affect AUD/USD?

The Reserve Bank of Australia (RBA) is all set to announce the latest monetary policy decision at 4:30 am GMT on Tuesday. The central bank is widely e
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USD/CAD Price Analysis: Drops below 1.41 on pennant breakdown

USD/CAD is losing altitude in Asia, having suffered a pennant breakdown on Monday. The pair is currently trading in the red near 1.4090, having faced
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