The unexpected Fed's decision to lower the benchmark interest rate by 1% and launch $700 billion quantitative easing program have not changed investors' mood. Contracts on S&P500 started the trading day by a 4% drop.
Oil prices are falling below $30 amid the price war between Russia and OPEC.
The Russian ruble again declined to 75 rubles for one US dollar and to 84 rubles for one euro.
EUR/USD: global epidemiological situation is keeping the euro under pressure.
In Europe and the US, a number of infected people is advancing by 10% every day. If the situation does not change, market participants are expected to be focused only on the coronavirus issue. Goldman Sachs predicts that a coronavirus-driven recession will hit the US. It sees the country's GDP shrinking by 5% in the 2nd quarter.
JPM foresees defaults in many countries.
EUR/USD: it is recommended to open sell positions from 1.1053.
