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Coronavirus seven day rate of change slowing

HYCM

By Giles Coghlan, Chief Currency Analyst at HYCM

A glimmer of progress

The global caseload has started to show some signs of easing now. The seven day growth outlook slowed down to about 107% towards the end of March from around a high of 123% on March 27. This data is taken from John Hopkins University. One issue here with the data below is that not all countries are testing as thoroughly as others. So for example in the UK all the people I know in my network displaying symptoms are told to self isolate at home and only contact the National Health Service (NHS) if symptoms worsen. Getting a true number on the number of COVID19 cases must be virtually impossible due to lack of effective measurement. This is why the measurement of deaths may be the most helpful indicator for the spread of COVID19.


The number of COVID19 cases is set to rise above 1 million this weekend. As long as the cases keep rising then expect further equity sellers.

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