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Coronavirus updates from around the world:
The table above contains official data as of the morning of June 3. Based on the figures, there seems to be a prolonged second wave in the United States. New cases rose once again above 20 thousand per day, and deaths have increased to above 1,000 per day. Total fatality in the US is now 108 thousand, and sadly, a slowdown nor a decline is not visible.
The core disaster is observed in Brazil, with new cases jumping to about 27 thousand per day. The country now holds the first place in the highest number of new cases per day. Deaths are also high at about 1,200 per day.
Another alarming circumstance is in India, in which a third wave may begin.
Meanwhile, in Russia, Moscow records a decline in the pandemic, with new cases dropping thrice the previous figures. Unfortunately, the data on other regions are still high, with no clear signs of declining. Nevertheless, the pandemic is expected to slow down before July 3-5.
The US market grew once again despite the negative reports circulating the US.
Investors seem to have ignored the ongoing mass protests and riots in the country, as well as the obvious pandemic and economic problems in the US.
With all these circumstances, the best option is to wait until the period of unreasonable growth ends, that is, see the first strong decline in the market before opening sell positions.
An important news is scheduled to be published today - the ADP National Employment Report, which has a forecast of 8 million new unemployed in May.
On Thursday the ECB will meet to discuss certain decisions for economic recovery.
EUR/USD: A strong roll back is anticipated.
Take profit from 1.1155.
After the roll back, open buy positions from 1.1100 and below.
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