But first about this: China announces peak coronavirus has passed!
The fact is that the peak of coronavirus in China has already passed a week or more ago when the pace of recoveries began to grow rapidly and the number of new cases fell. However, as the situation stabilizes in China, Europe, on the other hand, has started to become the most dangerous region now with 12,000 patients in Italy, more than 1,000 patients in Spain, France and Germany and the rate of the growth in the number of new cases has now reached to 10% per day. Given the intensive exchange of people and population density in Europe, this is a huge problem and even more so given the role of the EU in the global economy.
Oil fell again on reports of new price cuts by OPEC countries - in the order of a price war between OPEC and Russia.
EURUSD:
The euro awaits the ECB decisions and is under pressure from sellers, but so far has been holding above 1.1200.
Keep purchases from 1.1100. We wait for the ECB decision at 12:45 UTC and a press conference with Christine Lagarde at 13:30 UTC.
