The table above shows the coronavirus situation worldwide as of the morning of June 1.
The situation with the coronavirus is quite complicated. In Brazil, the virus receded a bit, with the daily increase of new cases dropping at about 16 thousand, and daily deaths decreasing to below 500. However, the records of one day are not enough to draw serious conclusions.
In the US, the number of new cases remains at about 20 thousand a day. Such is probably the results of late introduction and premature cancellation of quarantine measures. Nevertheless, the number of deaths in the US has fallen below 1,000 per day.
In Russia, the number of new cases rose slightly above 9,000 per day. The removal of quarantine restrictions in the country is clearly premature, and may lead to a similar situation as the United States - a long-term high number of cases. Nevertheless, according to Press Secretary Dmitry Peskov, the Kremlin expects to remove quarantine restrictions on June 24.
Meanwhile, a dangerous situation is brewing in India and Peru. If cases in both countries continue to grow sharply, they will become the new centers of the pandemic.
S&P 500 daily chart.
The US market keeps on growing, but investors will inevitably realize at some point that the current growth in such a deep crisis is unfounded.
Sell positions may be opened from the current prices.
EUR / USD: The euro continues to rally, but a good pull back is needed to enter the market.
Open buy positions from 1.1040 and below.
News: important news are to be published this week.
In the US, the report of ISM on industrial activity will come out at 15:00 (UTC + 1). Economists forecast a value of about 44 points, which will be good for the current conditions.
On Wednesday and Friday, reports on US unemployment will be published. The forecast is a jump of about 8 million new unemployed in May, after an increase of about 20 million in April. Such is in contrast with the weekly long-term unemployment reports, which show levels no higher than 20 million.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.