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US Calls for Pause on J&J Vaccine After Clotting Cases - NYT

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  • If I’m understanding $JNJ numbers correctly, these rare blood clots have appeared in 6 out of 6.8 million doses, or 0.00008%. In the general pop, deadly blood clots appear in roughly 1 or 2 per 1000 people, or 0.1%-0.2% (per @CDCgov). At a glance, pausing $JNJ seems wrong.
  • Initial reaction sees equities come under pressure with treasuries picking - Modest jump in Japanese Yen across the board https://t.co/wgS7ha42BI
  • US calls for pause on J&J vaccine after clotting cases- NYT
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.36%, while traders in France 40 are at opposite extremes with 75.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aAIOaR5TbE
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  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.07% 🇳🇿NZD: 0.06% 🇯🇵JPY: 0.05% 🇪🇺EUR: -0.13% 🇨🇦CAD: -0.18% 🇨🇭CHF: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/inXDMThUZd
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  • UBS forecast a further weakening in gold ($1600/oz by year end) $XAU
  • NATO Chief says Russia must withdraw its forces from Ukrainian territory
GBP/JPY Classical Technical Report 02.01

GBP/JPY Classical Technical Report 02.01

Joel Kruger, Technical Strategist
Daily_Classical_GBPJPY_body_gbpjpy2.png, GBP/JPY Classical Technical Report 02.01

GBP/JPY: The latest setbacks have been very well supported ahead of the record lows at 116.80 from September, with the market reversing course and potentially looking to carve a fresh base. For now, the underlying trend remains grossly bearish, but there is room for this correction to extend, with a break back above 123.00 to officially alleviate immediate downside pressures. Interday setbacks should now be well supported ahead of 118.00, while only back under 117.25 negates and gives reason for concern.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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