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Developing Story (Trump’s key Comments to follow … )

President Donald Trump is due to address the nation at 23.30GMT in a news conference surrounding the coronavirus where it is expected that he will play down the recent rhetoric from US health advisors, such as yesterday’s comment from Anne Schuchat, principal deputy director of the CDC, who said, “Current global circumstances suggest it’s likely this virus will cause a pandemic.” 

Upon returning from an overseas trip to India, Trump complained that media outlets were “doing everything possible to make the Caronavirus look as bad as possible, including panicking markets, if possible,” misspelling the name of the virus. He then criticized the pushback from Democrats on the administration’s response to the outbreak and added, “USA in great shape!”

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Key notes

  • WHO: 412 new cases for China, 459 new cases rest of the world
  • Forex Today: Coronavirus uncertainty keeps leading the way

  • WTI bears taking on fresh territories, worst levels since Jan 2019

  • Gold backs-off from fresh US session high in series of hourly lower lows and lower highs
  • Wall Street close: Sea of red again, fears of coronavirus spread continues