Coronavirus statistics as of May 10, 2020.
The table above shows that the United States still holds the highest number of coronavirus cases, but the number of deaths have fallen below 1000 per day, which is a very good signal. It seems that the country is beginning to gradually emerge from the pandemic, and New York has passed the peak for quite some time. In addition, the US is starting to open its economy, and the chance of a re-outbreak is very little.
Meanwhile, in Russia, a very high increase in new cases per day is recorded - +11,000 new cases per day, moving the country in 5th place in the highest number of cases. With such a rate, overtaking Italy and the UK in the coming days is possible. Unfortunately, businesses in the country will resume tomorrow, May 12, including industrial enterprises and construction business in Moscow, which heightens the fears of people on infection, since from the experiences of both Russia and other countries, large enterprises often become the center of epidemic outbreaks. In addition, traffic in the Moscow metro will increase from May 12, and the mandatory wearing of masks in public places is unlikely to save the situation. Doctors say that the simplest masks do not adequately protect against infection.
Case counts in Moscow and Russia are expected to stabilize by June 10. Moscow is expected to record a total of about 300 thousand cases, while Russia, about 540 thousand.
EUR/USD: the euro was held up by the record low US employment report, which revealed an unemployment rate of almost 15%, and a total number of unemployed at 20.5 million, which is the worst recorded since the Great Depression. The figures are most likely not the maximum, and the next data will be published on Thursday, May 14.
Open buy positions from 1.0855.
If the quotes reach the level of 1.0810, open buy positions from 1.0875.
Open sell positions from 1.0765.
