10.04.202009:49 Trader's diary for April 10, 2020

Exchange Rates 10.04.2020 analysis

Oil quotes are declining despite success of the OPEC-Russia deal. In total, OPEC + will cut production by 10 million barrels per day, as Russia and Saudi Arabia pledged to cut production by 2 million barrels per day.

Coronavirus update: The situation in the US is stabilizing. Although the number of infected is very high (466 thousand), the increase is less than 7% per day (+33 thousand per day). Death rate is also slowing down (approximately +1,900 per day). This signifies that stabilization will come in the following weeks.

In Russia, the number of infected has increased by approximately +15% per day.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Uitgevoerd door Sam Alan,
Analytische expert
InstaForex Group © 2007-2020
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