The table above features the coronavirus statistics around the world (as of the morning of June 18).
According to the data, the situation is worsening, as there are three leading countries in the current pandemic wave - one old (USA) and two new - Brazil and India.
In the US, new cases have jumped to 26 thousand per day, which may be due to the recent mass protests in the country. Trump is rapidly losing popularity and is very likely to lose the election in November, due to poor management in the pandemic situation. Nevertheless, the US economy is recovering fast.
A good news on the pandemic is that tests on volunteers have begun in the US, UK, and Russia. 4 vaccine samples are to be tested, and the process will end some time in July. The medicine that was found in the UK reduces mortality by up to 30% in severe cases of coronavirus.
In Russia, the pandemic is declining in Moscow and St. Petersburg, but the figures in other regions are still at a high level. However, the restrictions are already lifted, so the risk of a second wave is high.
The growth in the US market is starting to slow down. Unemployment is beginning to decline, but the US economy will take at least a year (!) to recover to pre-crisis levels.
A strong decline may occur soon so place sell positions at the current prices.
EUR / USD: The weekly US employment report will be published today. It's data will give light to the question of how fast the labor market is recovering.
Open buy positions from 1.1300.
Open sell positions from 1.1205.
