Countries Are Itching to Reopen, But Not Yet - Forex News by FX Leaders

Countries Are Itching to Reopen, But Not Yet

Posted Friday, April 17, 2020 by
Skerdian Meta • 2 min read

Europe started to shut more than a month ago, while North America did so a little later. At first, the situation seemed alright, going into isolation for a week or two, people thought. But, the lockdown has been going on for about a month now and people are getting frustrated, although yesterday the $1,000 payout cheque that US president Donald Trump delivered improved the sentiment for quite a lot of people, as the memes on the internet showed.

Some countries are looking to reopen the economy, albeit slowly. Trump announced a three step plan to reopen the country, while UK is also looking to reopen. Below are some comments from Boris Johnson’s spokesman:

Comments by UK PM Spokesman, James Slack

  • But for now, the public message is focused on staying at home
  • Cannot say with certainty when lockdown measures can be relaxed
  • UK still not using full capacity on coronavirus testing

There’s still a lot of debate on whether or not the UK has seen the peak of the virus outbreak, but testing still remains an issue amid the lockdown measures implemented currently. Here are the latest figures from the UK as of yesterday:

UK
The FED is also not too sure about the end of the lockdown. Right now no one is; the new testing machines, that do blood analysis in 10-15 minutes will have to come out en masse to see where each country stands with the virus, because the current tampon tests don’t show the real thing and are misleading. Below are William’s comments:

FED’s Williams on CNBC

  • I’m optimistic but we’ve got some tough days ahead
  • It may take quite awhile before people want to be in crowds again, so it may take longer to get through period once rules are relaxed
  • There is still lots of economic pain ahead
  • We have seen a significant improvement in liquidity and market function
  • Don’t see economy back to full strength by year-end
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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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