empty
 
 
07.04.2020 06:22 PM
Evening review 04/07/2020. EURUSD. US market grows on new incentives from world central banks

This image is no longer relevant

The world's main central banks and governments have already accepted and are accepting huge aid packages for the economy. The US has adopted a $2 trillion package. The Federal Reserve has adopted a $1 trillion program. The EU is considering a large aid package for the eurozone. Japan has adopted a $1 trillion package of measures.

The US market is growing - indexes are growing on these measures - and on the expectation of a near slowdown in the US coronavirus epidemic:

This image is no longer relevant

In Europe, there are clear signs of a slowdown in the epidemic's growth in the most problematic countries - Italy and Spain, stabilization is even more obvious in other countries.

In the US, in the last 24 hours, the increase in patients decreased to +8% per day. It is critical that the increase in new cases falls below +7% per day - new data will be available in the morning, in our morning review ("Trading plan").

Nevertheless, it is clearly not worth buying US stocks strategically now - when negative reports on the economy for the first quarter are released , this will inevitably pull down the markets, and prices may become much more attractive. If you take the risk to buy now, then no more than 30% of the account.

EUR USD: Long-term consolidation.

Down the level to enter the breakout 1.0765.

We buy up at the breakout of 1.1040.

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