US: CDC confirms 14th case of China coronavirus, airlines extend China flight cancellations into late April

Dhwani Mehta FXStreet

With the number of new coronavirus confirmed cases in China Hubei province reported on Thursday to be 14,840, almost 10 times the number reported a day earlier, the US Centers for Disease Control and Prevention (CDC) confirmed the 14th case of coronavirus with the patient in San Diego.

CDC spokeswoman Ana Toro said: “The patient was among 232 individuals who had been placed under quarantine at the Marine Corps Air Station Miramar after being airlifted from the epicenter of the coronavirus outbreak in Wuhan earlier this month.”

“At this time there is no indication of person-to-person spread of this virus at the quarantine facility, but CDC will carry out a thorough contact investigation as part of its current response strategy to detect and contain any cases of infection with this virus,” said Dr. Christopher Braden, deputy director of the CDC’s National Center for Emerging and Zoonotic Infectious Diseases.

Separately, it was reported that United Airlines will extend cancellations of all US flights to China through late April due to the coronavirus epidemic. Flights will resume starting April 24^th.

“The US government has placed new restrictions on travellers to the United States who have visited China, barring nearly all non-US residents if they have been in China within the last 14 days,” Reuters reports.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD remains heavy near 1.1600 after hot EU inflation data

EUR/USD remains heavily offered near 1.1600, six-week lows, in the European session on Tuesday. The pair fails to find any inspiration from a surprise pick up in Eurozone inflation for February, as the US Dollar continues to attract safe haven flows amid escalating geopolitical tensions in the Middle East.

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold falls below $5,300 as stronger USD counter Middle East woes

Gold attracts some intraday selling and falls below $5,300 on Tuesday. The US Dollar climbs to a fresh high since January 20 and turns out to be a key factor exerting downward pressure on the commodity. However, concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.

Stellar risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Middle East conflict ramps up a gear as energy price spike rips through markets

It’s another risk off day as geopolitical headwinds continue to batter financial markets. Although markets calmed during the US session and US stocks managed to post gains on Monday, this has not fed through to the European session, and stocks and bonds are sharply lower for a second day.

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.