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The coronavirus is not slowing down. According to official figures, there are already more than 1 million infected people in the world.
To be honest, based on the number of deaths, more than 1,250,000 are already infected.
In a new update, the mortality rate in Italy has slightly decreased, while Spain continues to record a high rate. United States, on the other hand, has already recorded 245,000 total number of infected cases, with an approximately 1,000 deaths per day. At this rate, hospitals are already at full load.
In Russia, a slowdown in the growth of patients was recorded on April 3 with 600 new patients compared to the 800 new cases as of April 2. Yesterday, in Moscow alone there was 600 newly confirmed cases. However, conclusions cannot be drawn in just a day.
According to my forecast that was published last March 30, the growth rate of patients in Moscow, Russia will be at 20% to 25% per day which means that by April 15, there will be a total of 15-30 thousand infected cases. After this, there will be a noticeable slowdown in the growth.
The EU is discussing a plan to save the Italian economy, at the same time, the Spain will also be needing a large package of assistance.
However, until the pandemic subsides, there is no clarity about how much money will be needed. So far, the main savior is the ECB.
We are waiting for the US employment report today at 12:30 UTC.
EURUSD:
Prepare to sell from 1.0635.
Buy from 1.1040
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