empty
 
 
26.02.2020 10:18 AM
Trader's diary for February 26, 2020. EUR/USD pair. Coronavirus changes plans

This image is no longer relevant

Global financial markets lost ground as coronavirus is spreading further around the world. The US financial market plunged for a second day in a row changing all plans. Investors turned their attention to US Treasuries. Crude oil prices extended the recent losses to the lows of January and February. Gold unexpectedly fell. Possibly, it was profit taking that took place after a strong price growth.

The main coronavirus cases outside China are South Korea, Italy, and a cruise ship in Japan with 500 cases on board.

The markets reaction to the spread of the virus around the world is likely to remain strong as long as the situation returns to normal.

EUR/USD: despite the upward correction, the price is expected to fall

You can sell the euro from 1.0880 to 1.0910.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback