MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading plan for April 20, 2020. EUR/USD. The coronavirus is retreating. Oil and the US markets.

analytics5e9d40c90e0eb.jpg

Oil declined on Monday morning. The CL contract fell below $ 15 - this is caused by the oversupply of oil in the market, despite the OPEC + deal and the expectation of a global economic downturn in the 2nd quarter.

analytics5e9d413baa3b5.jpg

Last week, the US market closed at the monthly highs, ignoring the extremely negative data on the US economy, such as the rising unemployment to 12 million. So far, the huge packages of economic assistance from the Fed and the government outweigh these factors, however, it will cease to put pressure on the market after some time, and we will soon see a new wave of a decline.

Coronavirus: We see clear signals that the pandemic is receding in the Western countries:

US - despite the huge number of infected people - 765,000, which is almost a third of the overall number of infected worldwide (2 million 400 thousand), the daily increase of new cases is 26 thousand. This is the lowest recorded since April 5. Mortality rate also decreased to +1,560 per day

Europe - similarly, the mortality rate in Italy and Spain fell to below 450 per day. In France and Britain, mortality decreased below 500 and 600 deaths per day.

Authorities in US and Europe are beginning to gradually open economies - begin easing the rigidity of quarantine, since the huge decline in the economy, as well as the rising unemployment, is becoming the number 1 problem.

Italy reduces its restrictions. Texas opens. Israel begins to soften quarantine.

Russia: The number of infected increased sharply on April 19 - +6,000. The country now ranks second, after the United States, in the highest number of new infections per day, despite the relatively small number of coronavirus cases (42,000)

EUR/USD

analytics5e9d44692bad7.jpg

Euro is consolidating with an advantage downward.

Open sell positions if euro falls below 1.0675.

Open buy positions if euro rises to 1.0990.

The material has been provided by InstaForex Company - www.instaforex.com