S&P 500, daily chart.
On Monday, the US market tried to start a correction. However, the optimism regarding the slow down of the pandemic in the US prevailed, so the market held near the highs of the month.
Coronavirus update:
The situation in the US is clearly becoming better. For two days in a row, death toll has dropped from 1,900-2,000 per day to 1,500-1,600 per day. The number of new cases also dropped to about 26,600 per day, which is approximately less than 5%. The total number of coronavirus cases is now 587,000.
In Italy and Spain, the increase in the number of new infections fell to + 3% per day. Death rate also decreased to about +550 per day.
Meanwhile, Britain has a high death rate of +700 per day. In France, death toll is approximately +500 per day.
The situation in Russia is not very good. As of Tuesday morning, there's a sharp increase in the number of new infections in the country - +2,770 new cases per day, or about +15%. Most of the new cases are recorded in Moscow (+1,850 cases).
This week will become very critical for Russia, particularly in Moscow. Hopefully, the number of new cases will drop to less than 10% by the end of the week.
EUR/USD
Euro - open buy positions from 1.0930. Stop at 1.0840.
You can also open buy positions when 1.0970 is broken.
