empty
 
 
02.07.2020 11:03 AM
Trading plan for EUR/USD on July 1, 2020. An update on the coronavirus around the world. Latest news on the US market.

This image is no longer relevant

Latest data reveals that the United States continues to observe a huge jump in coronavirus incidence to more than 50 thousand per day. This clearly suggests that a second wave of the pandemic has occurred in the country.

Trump's standing in the November elections has significantly weakened because of this, since the figures three weeks ago were stable at 20-22 thousand per day. Trump clearly failed to fight against the pandemic.

Other "leaders" of the second wave are Brazil, India, Peru and Chile.

With regards to lethality, the virus seems to have downgraded, which is good.

This image is no longer relevant

US Market: A new wave of growth is brewing in the S&P 500 daily chart due to the fairly good macroeconomic data that came out this June. The ISM index was at 52, which is higher than economists' forecast, but new jobs, on the contrary, came out behind it.

This image is no longer relevant

EUR/USD: Traders are waiting for the new data on US employment which will come out at 13:30 (UTC+1).

Keep buying positions from the level 1.1245.

Sell positions from 1.1180.

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 $1000 more!
    In April we raffle $1000 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