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Coronavirus updates from around the world: The second wave of the pandemic is ending (the first wave was in China in January-March).
USA: The daily increase of new cases has finally dropped below 20 thousand. The number of deaths has also fallen below 1,000 per day. However, the situation in Brazil is quite bad, with 16 thousand new cases and 1000 new deaths recorded yesterday.
Europe: Europe is confidently emerging from the pandemic. The German economy is actively recovering as well.
In the US, the main mechanism that helps the people and the economy is the unemployment benefits, which have now supported about 25 million unemployed Americans, with benefits of about $ 1-1.5 thousand a month. This is about $ 25-35 billion of help a month.
Meanwhile, the report published yesterday on the rising sales of new homes in the US in April gave optimism to the traders.
Thus, the US market while optimism lasts:
The US market is once again on a rise. The reason of which is the successful opening of the US economy, as well as positive news on the development of the coronavirus vaccine. The vaccine will most likely be available for mass use in September.
EUR/USD: The bulls made another attempt to raise the quotes of the EUR/USD pair.
However, the area 1.1000-1.1020 remains impregnable, so the euro rolled back from 1.1000.
Open buy positions from 1.0855 and stop at 1.0870.
Quotes will roll back from 1.0870.
Open buy positions after a consolidation above 1.1020.
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