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04.06.202011:39 Forex-elemzések és áttekintések: Trader's diary. June 4, 2020. Covid19 in Russia. Russian rouble. EURUSD

Ezeket az információkat marketingkommunikációnk részeként küldjük el lakossági és professzionális ügyfeleink számára. Nem tartalmaznak és nem tekintendők befektetési tanácsnak vagy javaslatnak, sem bármilyen pénzügyi instrumentummal való tranzakcióra vagy kereskedési stratégia használatára irányuló ajánlatnak vagy felkérésnek. A korábbi teljesítmény nem garantálja vagy jósolja meg a jövőbenit. Az Instant Trading EU Ltd. nem képviseli vagy garantálja a szolgáltatott információk pontosságát vagy teljességét, illetve nem felelős bármely, az elemzéseken, előrejelzéseken vagy a Vállalat munkatársa által adott információkon alapuló befektetések esetleges veszteségéért. A teljes felelősségkizárás itt található.

Exchange Rates 04.06.2020 analysis

The number of active coronavirus cases in Moscow as of the morning of June 4 has decreased by 20%.

Exchange Rates 04.06.2020 analysis

This is a chart of active coronavirus cases in Russia (231,000 - the last column).

The situation across Russia is not as good as in Moscow. The number of patients still remains at the highest levels and does not fall. Given that Moscow, with its decline, is included in this chart, it becomes clear that the quantity of new cases in Russia, with the exception of Moscow, is growing.

The situation in Russia is expected to stabilize not earlier than July 4-6.

Exchange Rates 04.06.2020 analysis

As for the Russain rouble, you can start buying the US dollar and the euro for rubles.

As you can see, the rouble is starting to rebound from the new lows (chart). Sellers are running out of steam.

Strategically, there is no way for the price to go down. The greenback and the euro are expected to grow. Oil remains low enough and is likely to fall rather than grow. The Russian economy is in a very difficult situation because of the government's refusal to support citizens and small businesses financially. Demand has fallen and will be at low levels for a long time. Measures announced by the Russian government are very indirect.

Exchange Rates 04.06.2020 analysis

EUR/USD: The European Central Bank will hold a meeting today. The United States will deliver its weekly employment report.

It is better to buy the pair from the 1.1090 level, if there is a strong pullback.

Jozef Kovach
Analytical expert of InstaForex
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