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02.07.202011:03 Forex Analyse & Reviews: Trading plan for EUR/USD on July 1, 2020. An update on the coronavirus around the world. Latest news on the US market.

Exchange Rates 02.07.2020 analysis

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.

Exchange Rates 02.07.2020 analysis

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.

Exchange Rates 02.07.2020 analysis

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.

*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 © 2007-2021
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