Coronavirus update: Italy surpasses China, UK deaths leap, New York schools to shut down

Yohay Elam FXStreet

Cases in Lombardy continue rising, pushing the number of Covid-19 infections in Italy above those in China. The northern region reported 2,409 new cases, similar to 2,500 on Thursday. Mortalities have reached 5,402, 541 more than beforehand.

UK deaths leap from 578 to 759, an increase of 181 mortalities. The number of infections has jumped from 11,658 to 14,579, an acceleration. Prime Minister Boris Johnson has contracted coronavirus and is in self-isolation.

Schools in New York are set to shut down and remain closed at least until April 5. The state and tNew York City are the epicenters of the disease in the US. Governor Andrew Cuomo reported 134 new deaths and 7,377 new cases, a higher pace than on Thursday.

Total cases have reached 44,635. The US total is on course to surpass 100,000 during the weekend.

Global infections have surpassed the 500,000 mark.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold awaits US Nonfarm Payrolls for a clear directional impetus

Gold rebounds above $5,100 early Friday after testing the $5,050 level amid global sell-off. The US Dollar pulls back as profit-taking creeps in ahead of US labor data. For February. 21-day SMA holds amid bullish RSI; a daily closing above 61.8% Fibo is critical for Gold buyers.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects.

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.