Coronavirus data as of June 5:
New cases in the US are still above 20 thousand per day, and deaths at about 1,000 per day. Although the figures are still high, at least an increase is not observed, and the situation is stable. Mass protests also seem to have subsided, so many cities began to abolish the curfews.
The situation in Brazil is also brightening, as new cases per day decreased to 32 thousand, and deaths at about 1,500.
In Europe, the figures are continuously going down, giving the impression that the country has completely passed the pandemic.
Moscow as well records a decrease in the figures, but other regions in Russia maintain a high number of active cases. Health services are currently under maximum pressure.
In India, the situation remains dangerous, as the number of new cases continue to accelerate everyday. The country now records 10 thousand new infections per day.
The US market did not grow yesterday despite the strong macroeconomic reports. It seems that the market has reached its growth limits. Nevertheless, the situation in the US is brightening, as job losses in the US have now slowed down, and the unrest in the country subsided.
Sell positions may be opened by placing a stop order above the last high.
EUR/USD: the euro rose sharply yesterday, almost reaching the quote 1.1400.
However, such an increase is quite uncomfortable, so the euro needs a strong pullback down.
The reason for the growth is the €1.35 trillion new ECB program, adopted on Thursday, June 4.
Meanwhile, the US Nonfarm Payrolls report will come out today, in which if the records are negative, the rate of the euro may drop.
Nevertheless, open buy positions after a strong pullback from 1.1210 and below.
