The WHO keeps changing its narrative to keep the light off how grossly they have mishandled this Chinese Communist Party (CCP) virus, commonly known as novel coronavirus. The Who have stated now that: “The only time we believe a lockdown is justified is to buy you time to reorganize, regroup, rebalance your resources, protect your health workers who are exhausted, but by and large, we’d rather not do it.”
But this was not made clear at the start of the lockdown measures and the entire lockdown could have been managed a lot better if the correct information was given out, instead of the WHO created a level of fear and disinformation and rather than reporting the events in a timely manner, they were more concerned with their relationship with Beijing to throw Beijing into the light which one virologist whistleblower is trying to come forward to shed light on.
In the markets:
It is looking to be a quiet week with nothing much impactful till Friday. Today we have the BOE speaking which may provide GBPUSD with the downside we are seeking as well as Gold if we see some energy come into the dollar on the upside. Since we are approaching elections keep in mind that the risk on trades this month should be low as trading environments are extremely uncertain.