The coronavirus has dealt a second blow to the markets. After declining by 3.5% on Monday, the main US indexes fell once again by 3%. Overall, the US market has fallen by 7% from its highs, returning to the prices from early December 2019. Although it is not a crisis, it is still a reason to be careful.
The reason: the spread of the virus around the world. With 1,160 cases recorded, the main focus is on South Korea. The second dangerous focus is Italy, where there are 323 patients and 11 deaths recorded.
In China, 79,000 people got sick. 29,000 of those have already recovered, while 2,700 have died.
In the United States, the release date for the coronavirus vaccine is 1.5 months (mid-April). The vaccine has already been tested on mice, and has shown an effect. It is now being tested on humans.
EUR/USD: The euro continued its correction after a long declinel.
We are still expecting a new wave of decline.
Sell from 1.0895 and above.
