The weekly report on US employment has been released. Its figure is once again huge: +5 million 245 thousand.
Long-term unemployment rose to 12 million.
EUR/USD almost did not respond to such data.
Meanwhile, US President Donald Trump insists on weakening the quarantine in the US on May 1. He wants to do it so that the economy can reopen. State governors, on the other hand, especially those who are most affected by the pandemic such as New York, are against it. The situation with the pandemic is now stabilizing. However, the disease has not yet been eradicated in the US.
Just yesterday, the number of new infections in US rose to 30 thousand. It was initially declining in the previous days. Death rate is +2,400 per day.
It is obviously too early to remove the quarantine. Perhaps, in 14 days, the situation will improve significantly.
European leaders are also actively discussing the transition of EU economy to operation. However, it will not be earlier than May.
EUR/USD:
Open buy positions from 1.0990.
Open sell positions from 1.0765.
