The latest data from Florida
New cases appear to be plateauing at a high level but the positivity ratio remains high. It’s 17% in Miami-Dade and there isn’t a single county below 5%.

What moved in the market last week
It’s unusual to see this pair on the opposite end of the spectrum. The divergence in AUD and NZD is also odd given the virus outbreak in Victoria.

Forex news for NY trading on July 17, 2020
In other markets:
– Spot gold is closing the week above the $1800 in what was an up and down week for the precious metal. The high for the week was on Wednesday at $1814.90. The low for the week was on Tueday at $1790.79.  The price is

Weekly FX speculative positioning data from the CFTC
Highlights:

Gov. Cuomo speaking on New York City opening
– New York City moves to a phase 4 reopening on Monday
– US virus spread will affect the New York; unknown how badly

Dow industrial average down for the 2nd consecutive day
The final numbers are showing:
For the week, the Dow led the way, while the NASDAQ index ended the week in the red. The final numbers are showing:

California reports an increase in cases

A couple of token remarks from Bailey
here

Fink says that investors are ’scrambling‘ looking for a place to put their money
He is commenting in an interview with CNBC after the firm reported earnings earlier, which beat out analyst forecasts with revenue topping estimates as well – a similar narrative to other financials that have reported earlier in the week.

Forex news from the European trading session – 17 July 2020
Headlines:
Markets:
– CHF leads, JPY lags on the day
– European equities mixed; E-minis up 0.4%