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FX.co ★ Trader's diary. June 15, 2020. Covid-19 in Russia. Russian rouble. EURUSD.

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Forex Analysis:::2020-06-15T09:49:41

Trader's diary. June 15, 2020. Covid-19 in Russia. Russian rouble. EURUSD.

 Trader's diary. June 15, 2020. Covid-19 in Russia. Russian rouble. EURUSD.

The chart of active cases in Russia as of June 15 is represented above. A new high has been reached today, that is the number of people receiving treatment across the country has reached its high on June 15. The number of new infections is +8,200 (see the chart below) and it has exceeded the number of recovered patients (+4,500) by more than +3,000. Please note that Moscow is included in this chart. The capital has already passed the peak of the pandemic and the number of active cases has decreased drastically. Therefore, the situation remains alarming across Russia, excluding Moscow.

 Trader's diary. June 15, 2020. Covid-19 in Russia. Russian rouble. EURUSD.

And here is the chart of new active cases per day. Their number has dropped to +8,000 per day, which is lower compared to the high reached in the mid-May. However, this decline is entirely thanks to Moscow. The number of new infections in Moscow has fallen to +1,500 in the mid-June from +6,000 in the middle of May. That is, a decrease by 4,000 per day. Meanwhile, according to the above chart, the number of cases shrank by only 2,000. As we can see, Russia, except Moscow, has not passed the peak yet.

The lifting of restrictions that is taking place across the country, as well as the nationwide vote planned from June 25 till July 1, entails high risks. In fact, in Russia, like in the United States, the Swedish scenario is unfolding when there are practically no quarantine restrictions or they are hardly observed. For example, in the United States +20,000 new cases are recorded on a daily basis. Taking into account the population ratio, this is about the same as +8,000 per day in Russia. The level has been high since the beginning of April, i.e. for 2,5 months.

Moreover, medicine across the United States is much better than in Russin provinces.

 Trader's diary. June 15, 2020. Covid-19 in Russia. Russian rouble. EURUSD.

Russian rouble: we have bought US dollars for rubles at almost minimum price.

We continue buying. Perhaps, we will buy further if the price declines to the daily averages.

 Trader's diary. June 15, 2020. Covid-19 in Russia. Russian rouble. EURUSD.

EURUSD: hold your sell deals from 1.1275. Place a Stop Loss at 1.1320.

It is better to buy the pair from 1.1340.

Analyst InstaForex
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