GfK Consumer Sentiment Index in Germany crashed to 2.7, with forecasts of 7-8.
This is only the beginning.
Tonight, at 12:30 UTC, the markets will see the first data on unemployment in the United States amid an epidemic situation. Forecast showed 500 - 750 thousand new unemployed. The question stands, how willing are the markets to withstand such a negative? But the worst news is ahead, for the month and then for the quarter.
The markets have adapted a little to the negative on coronavirus. However, there is also a sharp negative here as the increase in the number of infected cases in the USA per day is almost 30%. From a previous 54,000 cases to 69,000 on the morning of March 26.
We look forward to a new wave of market decline, despite the enormous $2 trillion economic assistance plan adopted by the Congress.
EURUSD:
You can sell from 1.0930, and a break through of 1.0635.
