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Coronavirus updates as of the morning of May 20:
The US is once again on a negative scale. The daily increase of new cases in the country is still high, at about 20 thousand per day, and the number of deaths attributed to the virus is still about 1,500 per day.
Based on sanitary requirements, the US should be prohibited from opening. However, the situation in other states are different, so the economy is actively opening up.
In Europe, the pandemic is on a strong decline, so the economy, as well as the borders, are starting to open. By June 1, Europe is forecast to be in good shape. However, the situation in the UK is still terrible, as both deaths and new cases still record figures quite high.
Brazil is on the verge of disaster. The country has recorded a huge daily increase of new cases at about 16.5 thousand per day. Brazil now ranks third in the highest number of coronavirus cases in the world. Fatality is also high, at about 1,000 deaths per day.
In Russia, the pandemic seems to be declining, as the daily increase of new cases dropped below 8,000. The situation in Moscow is also turning bright, as new cases dropped below 3,000 per day.
A new strain of coronavirus has been detected in northern China, near the border with Russia. Chinese doctors say that the virus has a longer incubation period and is harder to detect. Quarantine has been implemented.
The previous growth of the US market was unreasonably high. Attempts of a new growth are becoming weaker. Sell positions are more profitable, especially amid the deepening crisis and huge amount of weak economic data. A strong decline in the markets is also inevitable.
EUR/USD: The area 1.0960-1.1020 halted the euro from rising.
A breakout will push the quotes to the level of 1.1400.
Open buy positions from 1.0855 and stop at 1.0835 (you can also breakeven). The goal of the increase is 1.1020.
¡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.
