20.05.202011:38 Forex Analysis & Reviews: Trader's diary for May 20, 2020. Coronavirus in Russia, trend change. RUB

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This chart shows the number of active coronavirus cases in Russia, that is, the total number of infected people, excluding recovered and dead. Yesterday, on May 19, the figure seemed to have hit the highest point.

This chart shows the number of new coronavirus cases in Russia. The trend has changed earlier than expected. Moscow reported a significant drop in new cases in the past three days. On May 20, a number of new cases increased by about 3,000. Two days ago, the capital confirmed 3,500 new cases, while the highest figure was over 6,000.

I expect a steady decline in COVID-19 cases in Russia in late May and early June.

This table shows the coronavirus situation in the world as at the morning of May 20. Russia occupies the second position. Please draw attention to Brazil. If the number of new coronavirus cases hits 20,000 in this country, it will hardly be able to combat the epidemic without the assistance of other countries.

The ruble continues to gain ground. However, this is still just a deep correction, followed by a new upward movement.

The Russian currency is advancing due to the following factors: Brent oil surged to $35; the centarl bank continues to resist attempts to reduce the ruble; in addition, the emerging declining coronavirus trend has a positive effect on the national currency.

Nevertheless, I prefer to buy the US dollar and euro.

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