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About a month ago, the whole world was struck by the huge number of mortality in Italy (as well as in Spain and Britain later). The Italian health department issued a report that tried to explain the reason: 96% of coronavirus deaths were either very elderly or had severe comorbidities. Making the average age of those who died from coronavirus at about 80 years old. Only 1.1% of those who died were under the age of 50.
In total, there are approximately 33 thousand people who died from coronavirus in Italy (now approximately 90 people die per day, at a maximum of 1000 per day).
Meanwhile, Sweden is being observed by those who are trying to understand how quickly the economy will recover from the crisis caused by the quarantine of large economies. This is because unlike other neighboring countries affected by the pandemic, Sweden did not close the economy at all, and a quick recovery could be expected. However, unemployment rose to 8% - and is expected to rise to 17%. With this, the Swedish economy cannot but feel the global downturn. Thus, it is not setting an impressive example.
Hence the conclusion: to those investors who are waiting for a quick V-shaped recovery may rest assure that this will most likely not happen. It will take some time before the global economy can fully recover, and the growth of stock markets over the past 2 months is an attempt to deceive you in order to drag you into a trap.
EURUSD:
Euro attempts to grow.
You may keep purchases from 1.0855 and from 1.0915.
Stop at 1.0869.
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