Trading plan for EUR/USD on June 15, 2020. Coronavirus updates from around the world. The growth of the US market will depend
June 15, 2020 10:21 am
Coronavirus updates as of the morning of June 15:
According to data, the current wave of the pandemic has not yet reached its maximum. The number of new cases continue to show new highs in recent days, garnering about 130 thousand new infections per day worldwide. Mortality per day, meanwhile, has decreased markedly.
In the United States, the number of new cases has been at an unpleasantly high level of 20 thousand per day. Such a figure has been going on for about 2 and a half months already, ever since the beginning of April 2020. Mortality, on the other hand, has been around 1,000 per day for the past week, but today sharply decreased to below 500.
In Brazil, the increase of new infections is about 17 thousand per day, much lower than the previous record of 30 thousand.
Great concern, meanwhile, is directed to India, which records 11 thousand new cases per day.
In Russia, the rate of infection is kept at a high level of 8 thousand new cases per day, in which the growth is observed in regions or provinces.
S&P 500 daily chart.
A strong pullback was observed in the US market last week. It seems that the market finally saw the current situation of the economy, so growth has halted. Nevertheless, the US economy is recovering quite successfully, thanks to the great and quick help from both the Fed and the government.
Meanwhile, several reports are to be released this week, which will show how the recovery is proceeding. Tuesday brings the US retail sales data for May, as well as industrial production for May and a new unemployment report for the week.
Sell in the US market with new levels upward.
The EUR / USD pair is at a crossroads. The sharp drop in the US market last week halted the growth of the euro and pulled it down, but the drop has met a resistance, which can lead to the resumption of growth once again.
Keep sell positions from 1.1275 and stop at 1.1320.
Open buy positions from 1.1340.
The material has been provided by InstaForex Company – www.instaforex.com
Coronavirus updates as of the morning of June 15:
According to data, the current wave of the pandemic has not yet reached its maximum. The number of new cases continue to show new highs in recent days, garnering about 130 thousand new infections per day worldwide. Mortality per day, meanwhile, has decreased markedly.
In the United States, the number of new cases has been at an unpleasantly high level of 20 thousand per day. Such a figure has been going on for about 2 and a half months already, ever since the beginning of April 2020. Mortality, on the other hand, has been around 1,000 per day for the past week, but today sharply decreased to below 500.
In Brazil, the increase of new infections is about 17 thousand per day, much lower than the previous record of 30 thousand.
Great concern, meanwhile, is directed to India, which records 11 thousand new cases per day.
In Russia, the rate of infection is kept at a high level of 8 thousand new cases per day, in which the growth is observed in regions or provinces.
S&P 500 daily chart.
A strong pullback was observed in the US market last week. It seems that the market finally saw the current situation of the economy, so growth has halted. Nevertheless, the US economy is recovering quite successfully, thanks to the great and quick help from both the Fed and the government.
Meanwhile, several reports are to be released this week, which will show how the recovery is proceeding. Tuesday brings the US retail sales data for May, as well as industrial production for May and a new unemployment report for the week.
Sell in the US market with new levels upward.
The EUR / USD pair is at a crossroads. The sharp drop in the US market last week halted the growth of the euro and pulled it down, but the drop has met a resistance, which can lead to the resumption of growth once again.
Keep sell positions from 1.1275 and stop at 1.1320.
Open buy positions from 1.1340.
The material has been provided by InstaForex Company – www.instaforex.com
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