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GfK Consumer Sentiment Index in Germany crashed to 2.7, with forecasts of 7-8.
This is only the beginning.
Tonight, at 12:30 UTC, the markets will see the first data on unemployment in the United States amid an epidemic situation. Forecast showed 500 - 750 thousand new unemployed. The question stands, how willing are the markets to withstand such a negative? But the worst news is ahead, for the month and then for the quarter.
The markets have adapted a little to the negative on coronavirus. However, there is also a sharp negative here as the increase in the number of infected cases in the USA per day is almost 30%. From a previous 54,000 cases to 69,000 on the morning of March 26.
We look forward to a new wave of market decline, despite the enormous $2 trillion economic assistance plan adopted by the Congress.
EURUSD:
You can sell from 1.0930, and a break through of 1.0635.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
