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

Real Time News
  • As has proved to be the case in the EU, mishandling PR around a vaccine (the other prominent adenovirus cocktail, Oxford/AZN) can increase vaccine hesitancy by hampering trust. I think the @CDCgov will allow $JNJ again soon, but it may be too late; the bell can’t un-rung.
  • 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
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.02% Silver: 0.42% Gold: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/irypduGm1S
  • 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
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/xrWKTp7SzU
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.33% Germany 30: 0.28% Wall Street: 0.18% US 500: 0.13% FTSE 100: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uRvdwUEYPt
  • UBS forecast a further weakening in gold ($1600/oz by year end) $XAU
British Pound Could Turn versus JPY

British Pound Could Turn versus JPY

David Rodriguez, Head of Product
ssi_gbp-jpy_body_Picture_12.png, British Pound Could Turn versus JPY

GBPJPY – Forex trading crowds remain heavily short the Japanese Yen, and traders have been long GBPJPY since the pair broke the ¥125 mark. Yet most recently traders have been shifting in the opposite direction; GBPJPY short positions rose 15% overnight while long positions were up a lesser 6.2%. It’s too early to call for an important turnaround, but there’s early evidence that the GBPJPY may have set an important bottom and may soon trade near significant highs near ¥126.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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