Coronavirus updates in the world: A very good news!
The first human trials of the coronavirus vaccine showed positive results. According to Moderna Inc, a company in the US, human trials were conducted under the supervision of the US authorities. The second testing of the vaccine will occur soon.
Several countries are also trying to make vaccines as soon as possible. Russia announced that clinical trials of its vaccine will begin no later than September. Meanwhile, work is underway in China and the UK. Nevertheless, there is no doubt that by the end of the year, an effective vaccine against the coronavirus will be available. The largest countries have also decided that access to these vaccines will be free.
The table above shows the state of the pandemic as of May 18. Most European countries already record low fatalities - below 200 per day, and very low number of new cases (except for Britain). This suggests that Europe has passed the peak of the pandemic and is now emerging from its wave.
In the US, the situation is more complicated, as the daily increase of new cases is still above 20 thousand, but the number of deaths dropped to about 1,000 per day, twice lower than the highest figure recorded.
EUR/USD: The euro is rising.
The decision of France and Germany to support the allocation of € 560 billion as assistance fund to overcome the crisis pushed the euro upwards. In addition, Europe's clear passage through the pandemic, as well as the launch of its economy is positive. In terms of the outbreak, the situation in Europe is also better than the US. Thus, the EU economy will probably rise faster.
Open buy positions from 1.0855, and wait for a large movement (the nearest target is 1.0955). Place stop at the level of 1.0835. Buy positions are also possible from a rollback from 1.0860.
