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02.06.202014:59 Forex Analysis & Reviews: Trader's diary. June 2, 2020. Covid-19 in Russia. Russian rouble

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Exchange Rates 02.06.2020 analysis

This is the chart of the coronavirus cases in Russia as of morning of June 2. The good news is that the number of new cases (+8,000) is less than the number of recovered (+11,000) per day. However, this happened only thanks to Moscow region, where +2,000 people were infected and +6,000 patients recovered per day. Consequently, the number of COVID-19 cases in Russia, excluding Moscow, continues growing and the epidemiological situation is not getting any better.

Apparently, Russia, excluding Moscow, has not yet passed the peak. Accordingly, the epidemiological situation in the country is likely to improve no earlier than July 2 - that is, in a month.

Exchange Rates 02.06.2020 analysis

The Russian rouble continues strengthening.

I believe that this is a false movement caused by the attack of central bank on currency buyers.

The upward trend is likely to last until the vote on constitutional changes - that is, July 1.

It is better to refrain from buying currency for roubles until there is a signal for the movement to stop.

Jozef Kovach
Analytical expert of InstaForex
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