Another peak in global COVID-19 incidence was observed- around 650 thousand new cases a day. Deaths related to the virus have also increased, reaching about 11 thousand daily.
More than half of these figures were from the United States, that is, 192 thousand new infections and around 2 thousand deaths a day. All in all, the US has listed 12 million COVID-19 patients, or approximately 4% of the population.
Then, Europe follows, several countries of which are already introducing strict quarantine measures.
Despite this, the markets are growing, which suggests that it is somewhat oblivious to the height of the pandemic.
S&P 500 chart.
The US market is consolidating near the highs and soon, it will be able to break even higher. It was the better-than-expected report on employment that provided strong support, especially since long-term unemployment fell by 400 thousand.
Because of this, it is best to wait for a breakout before selling from new highs.
EUR/USD – by yesterday night, euro bulls have completely turned the quotes up from the weekly lows.
Wait for a breakout and movement towards 1.1895 before opening long positions.
Sell at the level of 1.1815.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.