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Foreign exchange markets were somewhat of a mixed bag with the Canadian, New Zealand and Hong Kong Dollar as the session‘s biggest losers. The US Dollar, Japanese Yen and Swiss Franc were mixed while the Euro was mostly in the green. The latter’s strength appears to be in anticipation of hopeful news ahead of the ECB rate decision and key EU summit later this week.
Read more about how Euro traders are betting on the smooth passage of a EUR750b aid package here.
Risk appetite was buoyed after investment bank giant JPMorgan reported record-breaking trading revenue despite worst recession since 1930‘s. This put the haven-linked US Dollar on the defensive and further amplified EUR/USD’s gains. The spread of credit default swaps on sub-investment grade corporate debt slightly narrowed, further underscoring what appeared to be a buoyant session.
After markets closed, US President Donald Trump gave a press briefing on Chinese-related policies. He said the US is ending its preferential treatment for Hong Kong and will no longer export sensitive technologies. He added that if countries want to do business with the US, they cannot work with the Asian tech giant Huawei. Other comments included holding China accountable for the virus and “unleashing” it upon the world.
Wednesdays Asia-Pacific Trading Session
Market sentiment appears to be aggressively risk-on despite the Presidents comments and the possibility of retaliation by Beijing. Crude oil and a slew of other growth-oriented assets like copper, AUD, NZD and emerging-market FX may initially rally at the expense of the US Dollar and Japanese Yen.
JPY will later be thrown into the spotlight ahead of the Bank of Japan rate decision. Markets are not anticipating for officials to change the benchmark interest rate at -0.1%. However, gloomy commentary in the central banks Quarterly Outlook Report could put a premium on the Yen and a discount on risk-oriented assets like AUD and NZD.
NZD/JPY Analysis
NZD/JPY is trading on the cusp of a narrow but critical inflection range between 69.897 and 70.000 that has been in play since November 2019. If the pair bounces, its gains may be capped at 71.249 where the pair just back in late May had flirted with extending its over 11-percent rally that same month. This could subsequently lead to a congestive interim and reinforce underlying uncertainty in NZD/JPYs trajectory.
China Trade Data & US CPI| KOL Analysis•Fanny Arianti Arief
The
euro rose sharply against the dollar yesterday failed important events
in the euro area this week. The euro will discuss the volatility that
will be announced at this week's ECB Thursday and the European Union
meeting (EU Summit) on Friday. The ECB is expected to keep interest
rates, but the market will look at the decision of ECB President
Christine Lagarde, who can provide guidance on policy direction.
Meanwhile, the ECB meeting will be overshadowed by the European Union
(EU) summit on Friday. A compilation of bloc leaders will debate the
recovery plan for the corona virus, which requires support from 27 EU
member states, making negotiations difficult. Ahead of Friday's meeting,
Germany and Italy have supported plans to recover the corona virus
funds asking for € 750 billion. EUR / USD strengthened 0.69% to
1.1369.To get more news about WikiFX, you can visit wikifx news official website.
The dollar lost back yesterday as market protection was awaiting
corporate reports and retail sales data this week, which will gauge
optimism for the US economic outlook. The Dow Jones index rose yesterday
after getting PepsiCo Inc. released better than expected. While major
US banks will report earnings on Tuesday. The dollar index declined 0.3%
to 96.53.
The price of gold held above $ 1800 for profit after an increase in
the number of new corona viruses in the world approved safe-haven
demand. The soaring number of Covid-19 cases in the US has raised doubts
over the economic opening of the lockdown, as well as the resumption of
schools in the fall. In California, Governor Gavin Newsom shut down all
activity in the room, including restaurants, bars and screenings after
the death toll of 7 corona viruses escaped.
Oil prices disappeared yesterday at a meeting of global oil producers
this week amid data showing rising reserves at the US storage center in
Cushing, Oklahoma. Global oil producers, also known as OPEC +, asked to
meet via the web to discuss production. Saudi Arabia, which is the
leader of OPEC, de facto, has pushed its members, reducing production to
drive prices, which in April went down below $ 0 to around $ 40 a
barrel at the moment. Meanwhile, data showed a surge in reserves in the
center of Cushing, Oklahoma. Genscape, Cushing's main indicator as a
market reference, reported 1.2 million barrels at the hub during the
week ending July 10. While Seevol.com, a source reporting at Cushing,
reported an increase of 1.75 million barrels at the hub.
Asian
stocks declined today amid renewed US-China opposition to the economy
from the replacement of coronavirus cases. Shares in Tokyo, Sydney and
Seoul were monitored falling. While the US S&P 500 Futures Index
gained after the index reached its highest level since panic sales
occurred in March.
Selecting a school for your child is one of the most important
decisions that you can make as a family. Wellington College has gained a
strong reputation around the world as an educational leader, providing a
progressive and exciting academic programme that is supported by strong
traditions developed throughout its 161-year history. This continues at
Wellington College Bilingual Tianjin Nursery, as an Tinajin Bilingual Kindergarten
, where pupils are supported by world-class teachers, state-of-the-art
facilities and an environment that promotes a highly individualized
education. At Wellington College Bilingual Tianjin Nursery, we
emphasize the holistic development of each child by knowing their
strengths and supporting their individual needs. This understanding
informs our experienced staff on how to create environments which
nurture a child’s inherently inquisitive minds and sustain their
engagement in a secure setting, and that means we provide a wide range
of both academic and extra-curricular activities.
In addition to this, Wellington College Bilingual Tianjin Nursery offers a wide range of community activities throughout the year, where parents have an opportunity to engage with the school and help make the environment more inclusive and caring for the children.
Below are the most frequently asked questions we receive.
Q1: When can we apply for the 2020-2021 academic year?
The 2020-2021 academic year is already open for application, and the first day of school would be August 26, 2020. We would suggest early application as we do have limited seats in some year levels.
Q2: What are your admissions standards?
Tinajin bilingual kindergarten-Wellington College Bilingual Tianjin Nursery can accept applications for children of the right age of both Chinese and expatriate families who would need to undertake school’s placement assessment. We would recommend a personalised appraisal of your status by contacting our admissions team. The team will help evaluate your status and will be able to answer any question you may have about the enrolment process.
Q3: How school placement assessment looks like?
Prospective parents and pupils will be expected to meet the class teacher for an interview, including an in-class assessment, to ascertain the level of language and motor skills. Language proficiency at this stage is deemed less important than the ability to mix socially with the peer group and to respond positively to the teacher. The assessment informs the Admissions Committee as to whether your child is ready to access the Wellington College curriculum.
Q4: How can we book a campus tour?
Tinajin bilingual kindergarten-Wellington College Bilingual Tianjin Nursery reopened on June 2nd 2020. We are able to offer a limited number of onsite tours on one to one basis by appointment and approval as per the current regulations. Please contact our hotline numbers below to book an appointment with our admissions officers.
Q5: Do you offer a bus service? What are the bus routes?
Yes. For the 2020-2021 academic year, Wellington offers 13 school bus routes with over 60 pickup points across the majority of family living areas in Tianjin. Please check with the Admissions office for eligibility.
Q6: What is the relationship between Wellington College Bilingual Tianjin Nursery and Wellington College in England?
Wellington College Bilingual Tianjin Nursery and Wellington College in England hold a uniquely close relationship at all levels from governance to pupil and faculty exchanges. This relationship allows for an exchange of ideas and professional learning and ensures that we uphold our Values, Identity and the highest quality of education.
Q7: Does Wellington provide a Mandarin Programme?
Though the language of the tinajin bilingual kindergarten and the curriculum is in English, we recognise the importance of Mandarin to our pupils and their families. In all years, pupils are taught by Mandarin specialist class teachers on a daily basis who can adapt to those taking their first steps in learning Chinese as well as those who may be bilingual or have parents for whom Mandarin is their first language. School also works outside the formal classroom learning, offering a wide variety of Chinese cultural activities as well as organising celebrations of traditional Chinese festivals.
Q8: How much time is devoted to sports weekly?
Sport is an integral part of each pupil’s development, wellbeing and education. As such, our pupils engage in separate Physical Education and Swimming classes weekly. Through our ASA programme, as well as Sports Days and other school sport competitions, our pupils enjoy access to our gymnasium, football pitch, 100-metres all-weather synthetic running track, basketball and Tennis courts, and two swimming pools, including one especially for younger children, and one 25-metre, six-lane competition pool.
Q9: How is Wellington’s bilingual education implanted in Early Years？
We define people who can fluently speak and use two languages as
“bilingual”. They must be able to switch freely between the two
languages. We call language the carrier of culture, which means learning
a language is also learning a culture. Therefore, our children are
learning two different cultures, consciously or unconsciously, in the
progress of acquisition of these two different languages. The exposure
of bilingual education greatly helps children in language acquisition
including cognitive and emotional development as they grow. Compared to
children with a single language background, researchers have found more
active areas in the cerebral cortex of bilingual children. While those
who receive bilingual education prove to be more able in thinking
outside of the box and empathise with others.
Here at Wellington, we aim to allow children to “walk” freely between
these two forms of language and culture. We help them to develop a
bilingual person’s mindset to think in various ways and feel comfortable
in different cultural environments.
By creating a bilingual environment we develop children’s ‘native sense’
in two languages, and we try our best to let them learn to express
themselves in a native speakers’ way.
Q10: What type of community events do you have?
A strong sense of community forms the foundation for all that we do at Wellington. In addition to school events throughout the year from concerts to sports and our much-coveted annual Musical, Wellington is proud to be an active member of the greater community. Wellington College Tianjin is also a proud host of the Festival of Education, or EdFest, hosted annually at each of the Wellington College China campuses. EdFest provides an opportunity for debates about education and the place it has in a rapidly changing world. Education’s disciplines and expectations can no longer be taken for granted and are being revisited, revised and renewed. The significance that Chinese culture places on learning means that the city is likely to become pivotal in the reshaping of world education in the 21st century.
Q11: How to help children prepare forNursery before they go to school?
Stepping into the Nursery is the children’s “first step” into the
real world. This is a milestone in their lives and parents can play a
crucial part in a child’s transition from home to school.
Parents are the key to easing separation anxiety. Parents need to feel
secure that children will transition into their new environment by
sending positive messages and allay any fears they may have about
starting school. A few examples that parents can do to prepare their
children include: reading books about settling into a new school;
arrange for a school tour in advance; meet with the teachers; and do a
role-play of the Nursery at home.
Parents can learn about the daily schedule at school with their children and help them prepare their bags, blankets for taking a nap, uniforms, water bottles and so on. Parents can also help their children label their belongings with name tags to develop a sense of ownership and responsibility. Furthermore, parents can bring a blanket or a toy that the children are attached to, to give comfort to them at school.
Most children who are about to go to the tinajin bilingual kindergarten, are ready to leave home and see what the world looks like. This is marked as a “right of passage” for children to become a member of society and requires them to be as independent as they can be. The parents are encouraged to create more opportunities for children to practice their social skills, such as how to express their needs and how to communicate with their friends.
Q12: What are the children in Wellington College Bilingual Tianjin Nursery doing right now??
Maintaining a positive relationship between teachers and children. Our goal is to develop a positive relationship so that teachers and children trust each other. This helps children’s development in their social and emotional skills. A positive relationship builds a solid foundation which helps children develop good manners, independence, confidence and reading skills.
Learning doesn’t only happen in the classrooms. Teachers hope to enrich children’s learning at home in various ways by explaining new ways to connect children and their parents. We encourage parents to use this opportunity of home learning to explore and try different activities with their children. Cooking, planting, housework and others help children improve their internal motivation as these activities become enjoyable to them.
Our Admissions Team is always available to provide advice and assistance. If you have any questions, please feel free to contact us through the official website of Wellington College Bilingual Tianjin Nursery.
Wellington College Bilingual Tianjin Nursery
Tinajin bilingual kindergarten-Wellington College Bilingual Tianjin
Nursery officially opened its doors to pupils in September 2017,
offering our specialised bilingual programme that delivers the very best
of Western and Eastern education with the integration of both the UK
Early Years’ Foundation Stage (EYFS) and the Chinese expectations for
Early Years’ children. As with all Wellington College schools, the
Wellington Values and Identities form the core of the holistic education
provided by Wellington College Bilingual Tianjin Nursery.
World of Warcraft Shadowlands: How will the leveling system work?
Since the release of WoW Classic on August 27, more and more players have chosen to return to the Azeroth continent 15 years ago in pursuit of nostalgia. But it cannot be denied that for other players, modern WoW is more attractive because players can experience richer endgame contents. In addition, the current upper limit of the level in the game has also affected the players to a certain extent. Those working adults often complain that they need to spend more free time to improve the character level. Fortunately, Blizzard now provides a solution to this problem.To get more news about WoW Items, you can visit lootwowgold news official website.
In the most primitive World of Warcraft, players have a level cap of 60. However, Blizzard will open a new level cap in each subsequent expansion. Players need to upgrade to the max level to unlock and experience the new content in the expansion. Until the latest expansion of the Battle for Azeroth, the player's level cap has reached a terrible 120. Although Blizzard bundled and gave away tokens to improve the level in the expansion, this did not fundamentally solve the problem. Players still took a long time to level up after created new characters.
Blizzard's development team challenged the level dilemma and announced their solution through BlizzCon 2019, in the eighth extension, Shadowlands. The expanded plot follows the BFA, and the player's character will travel to the afterlife. At the same time, the player's level cap will not be increased to 130, but will be reduced to 60.
In the Shadowlands expansion, players at level 120 will be adjusted to level 50, and they need to reach the max level by new content in Shadowlands. Those beginners who have not played World of Warcraft before will be familiar with the entire universe from level 1. They will go through an immersive system tutorial to master the most basic World of Warcraft knowledge. This process will help them successfully reach level 10. After that, they will be sent to the battlefield and participate in BFA until they reach level 50, then they will also enter Shadowlands and pass the final leveling stage.
For experienced players who've already experienced the process, or just those who are trying to reach high levels to play the new content, it should make for a smoother and more enjoyable experience with less grinding plus more options on what to play. At level 60, players can join a Covenant, which ties into the expansion's afterlife theme and grants characters with new powers from the group they join.
In addition to a more relaxed leveling system, Blizzard also offers players another surprise: new character customization options. It allows you to create an avatar that belongs to you in the game. In addition to skin color, you can also adjust the character's tattoo and hairstyle.
use vulpera or mechagnomes race in World of Warcraft
World of Warcraft's Battle for Azeroth expansion is about to usher in the next major update, January 2020. This update is called Visions of N'Zoth. Compared with the update, it is more like an extension, because the development team has added a lot of new content to the game in this update.To get more news about Buy WoW Gold Classic, you can visit lootwowgold news official website.
The origin of this series of events is that the prison of Seal N'Zoth was destroyed, and he escaped smoothly. There is nothing worse than that. He gradually recovered his strength and began to bring endless fear to the world. As an ancient god, every move he made will have an unpredictable impact on the Azeroth continent. This will also drive the Horde and Alliance heroes to cooperate again. They need to defeat N'Zoth and end all sources of fear before Stormwind and Orgrimmar are completely eroded.
To accomplish this, both the Horde and the Alliance have acquired new Alliance races, and you can play as a fox or semi-mechanized gnome in the next update. Vulpera is an ally of the Horde heroes. They live in the desert all year round and look like cute foxes. Mechagnomes became friends of the Alliance. They are semi-mechanized troops, you can only see from their faces that they used to be real gnomes.
It's worth noting that you can't directly create characters with the new Alliance races immediately after the update, because you need to complete all prerequisites first. The mission is not very complicated, you only need to reach the sublime in the corresponding ethnic faction and complete all the mission lines to unlock specific achievements. Then you can use them.
The Horrific Visions will provide new challenges for players who are keen on the mage tower. Here, players need to fight against the will of N'Zoth, and you will see the future in it. If the heroes of the Azeroth continent are N'Zoth, the whole world will be corrupted. It is important to stay sane, otherwise you will need to retreat, but you will also have all the knowledge you have learned along the way. Fortunately you will get the help of the black prince Ragio, and you will work with him to create a legendary cloak, which will provide you with a certain amount of protection, so that you can persist longer under the mental attack of N'Zoth, And you can further improve the quality of the cloak by constantly exploring the Horrific Visions.
Visions of N'Zoth goes live on January 14 in the US and January 15 in Europe, but you'll need to wait a bit longer for the raid. The Sleeping City will wake up properly on January 22, on Normal and Heroic, with Mythic becoming available a week later, when you'll also be able to start using the raid finder.
What happens when lottery money isn't claimed in Arizona?
The
winner of a $14.6 million lottery prize never showed up.The deadline to
claim the prize was 5 p.m. Monday evening.Get more news about 菲律宾彩票包网服务 ,you can vist loto98.com
Lottery officials have been waiting for nearly six months for someone
to claim the money after the winning ticket was bought in the West
Valley.
When Doug Mohan heard there was a $14.6 million lottery ticket still unclaimed he figured why not check to see if he’d won.
"I have a few tickets I haven’t checked. So I heard about this 14
million and thought 'I better come down here and see how much money I
blew and wasted'," Mohan said.
Mohan didn’t win the big prize and
whoever did win didn’t claim it within the 180-day time frame. The
ticket was bought at a Circle K on Litchfield Road and Van Buren Street
in Goodyear on June 5.
"It's 14.6 million dollars and that comes out
to a cash option prize of just over nine million," Arizona Lottery
spokesperson John Gilliland said.
Gilliland says that’s what the winner would’ve gotten if they claimed the prize. The Circle K would have gotten $10,000.
But now that we know it wasn’t claimed--- what’s next?
"All unclaimed prize money is determined by state statute where that
money goes," Gilliland said. As for Doug Mohan he says he’s always
looking on the bright side. Even though he didn’t win big this time he
still won something.
"Look, I won two dollars on a four dollar ticket, but I’m still two in the hole," Mohan said.
In the past fiscal year, from July 2018 to June 2019, $11.6 million in winnings have gone unclaimed.
Check your Powerball tickets
The video above is about the Mega
Millions jackpot winner in Glendale last month.Someone in the Valley may
be able to claim a large chunk of change.Get more news about 菲律宾彩票包网平台,you can vist loto98.com
A $50,000 winning Powerball ticket was sold at a Superpumper on 90th
Street and Frank Lloyd Wright Boulevard in Scottsdale has not been
claimed yet.The lucky person matched four of five numbers, plus the red
Powerball number. The winning numbers were 3-10-34-36-62 with a red
Powerball number of 05.The winner of a $14.6 million lottery prize never
showed up.
The deadline to claim the prize was 5 p.m. Monday evening.
Lottery officials have been waiting for nearly six months for someone
to claim the money after the winning ticket was bought in the West
Valley.
When Doug Mohan heard there was a $14.6 million lottery ticket still unclaimed he figured why not check to see if he’d won.
"I have a few tickets I haven’t checked. So I heard about this 14
million and thought 'I better come down here and see how much money I
blew and wasted'," Mohan said.
Mohan didn’t win the big prize and
whoever did win didn’t claim it within the 180-day time frame. The
ticket was bought at a Circle K on Litchfield Road and Van Buren Street
in Goodyear on June 5.
"It's 14.6 million dollars and that comes out
to a cash option prize of just over nine million," Arizona Lottery
spokesperson John Gilliland said.
Gilliland says that’s what the
winner would’ve gotten if they claimed the prize. The Circle K would
have gotten $10,000. As for Doug Mohan he says he’s always looking on
the bright side. Even though he didn’t win big this time he still won
something.
"Look, I won two dollars on a four dollar ticket, but I’m still two in the hole," Mohan said.
In the past fiscal year, from July 2018 to June 2019, $11.6 million in winnings have gone unclaimed.
Two Sessions 2020: What's different and what's important
All
eyes are on China again as the country gears up for its annual Two
Sessions, the most important event in China’s political calendar. China
will hold the plenary session of the National People’s Congress and the
annual session of the National Committee of the Chinese People’s
Political Consultative Conference in late May, which shows that China is
confident that it has the coronavirus outbreak under control.To get
more news about Lianghui, you can visit shine news official website.
The NPC Standing Committee, China’s top legislature, decided in
February to postpone the event to stay focused on the coronavirus fight
and to protect the health and safety of everyone in the country. About
two months later on April 29, the NPC Standing Committee decided to open
the Two Sessions on May 22, saying that the situation in China is
improving and normal economic and social life is resuming. Separately,
the CPPCC, the country’s top political advisory body, has decided to
open its annual session on May 21.
The decision to convene such a
large-scale political event in the nation’s capital is a sign of
confidence and a signal that China is ready to take a step toward a
return to normal.
Now that the key event has a new date, people want to know how China will organize the sessions and what the hot issues are.
To postpone or not to postpone the nation’s top annual political
meetings was no doubt a difficult decision, but China decided to
postpone the sessions due to the coronavirus, which has infected about
84,000 people in China. To highlight the importance and rarity of that
decision, China has held the openings of the annual sessions on March 5
and March 3, respectively, for decades without interruption. However, by
postponing the sessions, China gave itself a wider window of
opportunity to fight the coronavirus and to identify how to minimize its
impact. This shows that China is practical and that the Chinese
government is putting the people’s health and safety first.
Because
of the coronavirus, the Two Sessions this year will be somewhat
different. Usually thousands of NPC deputies and CPPCC members descend
on Beijing from all over the country, and hundreds of journalists will
gather at the Great Hall of the People and other venues to cover the
event. However, this year the meetings will be scaled down and the
number of journalists will be limited in light of the situation.
Therefore, many journalists will have to do video and phone interviews
with the deputies or members who attend the meetings. Another way in
which this year will likely be different is the length of the sessions,
which could be shortened to one week.
What is important this year?
Every year around the time of the Two Sessions, there is intense
interest from China watchers the world over in what the hot topics are.
This year is no different. During the gathering of the National People’s
Congress, the highlight of the annual political gathering, the session
will ratify major legislation and the central government will set major
economic targets. It is also a good time for the announcement of major
policy initiatives.
The main topics of discussion this year will
likely center on the prevention and control of major epidemics, building
a well-off society in an all-round way in China, tackling poverty, and
preparing the 14th five-year plan. Because of the coronavirus,
prevention and control of major epidemics will take a center stage and
China may reform and modernize its disease prevention and control system
to address weaknesses in how it addresses major epidemics and public
health issues. China will also likely approve the adoption of its
first-ever civil code, a collection of laws governing legal disputes
based on the principles of equality, fairness, and good faith.
Does
this all matter? The simple answer is that the Two Sessions truly does
matter. All countries in the world are in the same boat, a fact that the
coronavirus has showed us. China is a massive country and the second
largest economy in the world, so what happens in Beijing will also
matter for the world. China may seem like a distant concern to some
people and others may have little or no interest in the world of Chinese
politics, but the key political event will not only help shape the
future of China, it will also help shape the future of the world around
China. In that sense, the Two Sessions is a global event.
The coronavirus disease 2019 (COVID-19) virus is spreading rapidly, and scientists are endeavouring to discover drugs for its efficacious treatment in China. Rapidly sharing scientific information is an effective way to reduce public panic about COVID-19, and doing so is the key to providing real-time guidance to epidemiologists working to contain the outbreak, clinicians managing patients, and modellers helping to understand future developments and the possible efficacy of various interventions.To get more news about chloroquine phosphate cure coronavirus, you can visit shine news official website.
Chloroquine phosphate, an old drug for the treatment of malaria, is shown to have apparent efficacy and acceptable safety against COVID-19 associated pneumonia in multicenter clinical trials conducted in China.
In the early in vitro studies, chloroquine was found to block COVID-19 infection at low-micromolar concentration, with a half-maximal effective concentration of 1.13 μM and a half-cytotoxic concentration (CC50) greater than 100 μM. A number of subsequent clinical trials have been quickly conducted in China to test the efficacy and safety of chloroquine or hydroxychloroquine in the treatment of COVID-19 associated pneumonia in more than 10 hospitals in Wuhan, Jingzhou, Guangzhou, Beijing, Shanghai, Chongqing, and Ningbo.
Thus far, results from more than 100 patients have demonstrated that chloroquine phosphate is superior to the control treatment in inhibiting the exacerbation of pneumonia, improving lung imaging findings, promoting a virus-negative conversion, and shortening the disease course according to the news briefing. Severe adverse reactions to chloroquine phosphate were not noted in the aforementioned patients. Given these findings, a conference was held on February 15, 2020; participants including experts from government and regulatory authorities and organizers of clinical trials reached an agreement that chloroquine phosphate has potent activity against COVID-19. The drug is recommended for inclusion in the next version of the Guidelines for the Prevention, Diagnosis, and Treatment of Pneumonia Caused by COVID-19 issued by the National Health Commission of the People’s Republic of China.
Chloroquine is a cheap and safe drug that has been used for more than 70 years. It is used to prevent and treat malaria and is efficacious as an anti-inflammatory agent for the treatment of rheumatoid arthritis and lupus erythematosus. Studies revealed that it also has potential broad-spectrum antiviral activities by increasing endosomal pH required for virus/cell fusion, as well as interfering with the glycosylation of cellular receptors of SARS-CoV. The anti-viral and anti-inflammatory activities of chloroquine may account for its potent efficacy in treating patients with COVID-19 pneumonia.
In light of the urgent clinical demand, chloroquine phosphate is recommended to treat COVID-19 associated pneumonia in larger populations in the future.
The drug is recommended to be included in the next version of the Guidelines for the Prevention, Diagnosis, and Treatment of Pneumonia Caused by COVID-19 issued by the National Health Commission of the People’s Republic of China for treatment of COVID-19 infection in larger populations in the future.
In addition to this, a new cellular drug called CAStem supposed to cure COVID-19 was created, and it has already made major progress in the experiment about the treatment of the severe acute respiratory distress syndrome (ARDS) previously. The research team has applied for an emergency approval from the China National Medical Products Administration, and it is cooperating with relevant medical institutions.
The risk-on tilt in market mood punished the haven-linked US Dollar and anti-risk Japanese Yen, while the cycle-sensitive Swedish Krona and Norwegian Krone prospered. The Australian and New Zealand Dollars were mixed, while the Canadian Dollar and politically-sensitive British Pound ended the day in a sea of red. Optimism about economic stabilization permeated asset classes despite a rising number of coronavirus cases.
Tuesdays Asia-Pacific Trading Session
Risk appetite may echo into Asia-Pacific markets and push APAC stocks higher at the expense of anti-risk assets like JPY and USD. The RBA rate decision will be the sessions biggest event risk, placing the Australian Dollar in the spotlight. Officials are not expected to change the Overnight Cash Rate (OCR), but commentary from monetary authorities on signs of economic stabilization may inspire a rally in the Australian Dollar.
AUD/USD Analysis
After timidly trading below the second tier of the 0.7018-0.6911 range, AUD/USD appears to be lacing up its bootstraps as it scales a mountain it previously fell off of in early June. Failure to break above the early-January swing-high for a second time could catalyze an aggressive selloff if capitulation broadcasts an underlying lack of confidence in the pairs upside potential in the near term.
