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FX.co ★ EUR/USD: Evening review on 05/01/2020. Market leaves for the weekend with a fall; US and Russia are on the verge of a second wave of pandemic

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Forex Analysis:::2020-05-01T14:30:26

EUR/USD: Evening review on 05/01/2020. Market leaves for the weekend with a fall; US and Russia are on the verge of a second wave of pandemic

EUR/USD: Evening review on 05/01/2020. Market leaves for the weekend with a fall; US and Russia are on the verge of a second wave of pandemic

The US market will finally show a decline on the first day of the month. It is impossible to ignore the rising negativity from the economy - unemployment in the US already reached 18 million people. As a result, it is recommended to sell the US market on the S & P500 index and stop after the maximum of the day on April 30.

EUR/USD: Evening review on 05/01/2020. Market leaves for the weekend with a fall; US and Russia are on the verge of a second wave of pandemic

EURUSD: The euro keeps growing. We hold purchases from 1.0850 - it is possible to buy from 1.0930 and below.

Coronavirus: The United States and Russia are balancing on the verge of getting out of the peak of the pandemic.

USA: New York has passed the peak of the pandemic steadily, however, the province is catching up. Therefore, a steady decline in active cases is necessary but this is not the case. To do this, we need the fatalities to lower per day which should not be higher than +1500 per day.

Russia: The daily growth was kept within the framework of consolidation until April 30. But the growth of new cases on April 30 and May 1 broke the picture. Attention: the forecast for Russia, Moscow and St. Petersburg was cancelled last April 22, due to the deteriorating situation. Due to this, a new forecast for the new week will be published.

Take care everyone!

Analyst InstaForex
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