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FX.co ★ Trader's diary for May 14, 2020. Coronavirus in Russia: stabilization. RUB

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Forex Analysis:::2020-05-14T08:21:25

Trader's diary for May 14, 2020. Coronavirus in Russia: stabilization. RUB

 Trader's diary for May 14, 2020. Coronavirus in Russia: stabilization. RUB

The chart above shows the daily increase in new infection cases in Moscow. The number of new cases for May 14 is 4,700.

Well, we can see the number of new cases has been stabilizing since May 3. If there is no surge in new cases above 6,000, we can expect stabilization of the number of active cases by June 3-5 and then a gradual decrease. This will be the peak of the epidemic.

Data for the morning of May 14:

In the past 24 hours, Russia recorded 9,974 new cases of coronavirus in 84 regions. Of these, 40.6% did not have clinical symptoms of the disease. At the same time, 93 people were reported to have died from Covid-19. Meanwhile, 5,527 infected patients in Russia fully recovered from the coronavirus infection in a day.

Moscow - 4,712

Moscow region - 918

St. Petersburg - 460

Nizhny Novgorod region - 238

Ivanovo region - 102

Tula region - 98

Republic of Dagestan - 98

Kaluga region - 97

Krasnodar region - 97

Volgograd region - 96

Saratov region - 96 (the number of new cases by region)

 Trader's diary for May 14, 2020. Coronavirus in Russia: stabilization. RUB

Ruble: It is time to buy US dollars and euros.

The crash of the US market is inevitable amid the unfolding crisis. The US government and the Fed are unable to indefinitely inject money into the economy, thereby creating artificial demand. Sooner or later, the economy will have to earn on its own. Besides, consumers are unlikely to return to their previous demand and consumption trends so soon. This may take a very long time.

The US market crash will undoubtedly lead to another drop in oil prices and then to a fall in the ruble. Moreover, the Russian authorities are not ready to provide significant assistance to the population in the crisis.

Analyst InstaForex
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