The US market arose despite negative economic reports.
According to data, US unemployment is approaching 20 million, and the US economy is expected to decline by -6.5% of GDP at the end of this year (-4% in the global economy). Fed's injection of liquidity influenced the growth, but it is only temporary, so a turndown is expected soon.
WTI oil, meanwhile, continues to plummet due to oversupply:
EUR/USD - awaiting movement:
Volatility is expected to rise ahead of Fed and ECB meetings on Wednesday and Thursday.
Keep purchases from 1.0850, but be ready to sell from 1.0725 with a full turn down.
Coronavirus update:
Western Europe is steadily emerging from the pandemic:
Daily deaths in Italy and Spain is now below 350.
In Britain, from above 800, daily deaths fell below 400.
Europe's infection rate is no longer higher than 2% per day. Britain's is about 3% per day.
USA: Infection rate fell to 2% per day. Daily deaths fell below 1,500.
A steady decrease in the number of active cases must be seen in the US.
New data on Russia will be released after 8:30 London time. Read it on "Trader's Diary" today.
The material has been provided by InstaForex Company - www.instaforex.com