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FX.co ★ Evening review 03/18/2020 EURUSD. Euro falls on epidemics, economy

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Forex Analysis:::2020-03-18T13:36:33

Evening review 03/18/2020 EURUSD. Euro falls on epidemics, economy

Evening review 03/18/2020 EURUSD. Euro falls on epidemics, economy

Pandemic:

Total in the world on the evening of March 18, 204 thousand infected since the beginning of the epidemic (82 thousand have recovered, but are mostly found in China).

The center of the pandemic is firmly occupied by Europe, and the west - 31,000 patients in the center of Italy.

Other countries with a large number of patients - Germany, France, Spain - all more than 8000.

Catching up with the US - 6,300 patients.

The economy is starting to react negatively: in China, we expect GDP to fall to -9% in the first quarter.

US: Boeing asks the government for $60 billion in aid. - negative from 737 MAX affected - and here all air carriers are "at death's door" due to the pandemic.

Europe - car sales fell in the first two months of the year - 7.2%.

EUR USD: the euro is creeping down.

We keep sales from 1.1053.

Analyst InstaForex
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