Trading plan for April 28, 2020. EUR/USD. The US market, central banks, and the coronavirus.


The US market arose despite negative economic reports.

According to data, US unemployment is approaching 20 million, and the US economy is expected to decline by -6.5% of GDP at the end of this year (-4% in the global economy). Fed's injection of liquidity influenced the growth, but it is only temporary, so a turndown is expected soon.

WTI oil, meanwhile, continues to plummet due to oversupply:


EUR/USD - awaiting movement:


Volatility is expected to rise ahead of Fed and ECB meetings on Wednesday and Thursday.

Keep purchases from 1.0850, but be ready to sell from 1.0725 with a full turn down.

Coronavirus update:

Western Europe is steadily emerging from the pandemic:

Daily deaths in Italy and Spain is now below 350.

In Britain, from above 800, daily deaths fell below 400.

Europe's infection rate is no longer higher than 2% per day. Britain's is about 3% per day.

USA: Infection rate fell to 2% per day. Daily deaths fell below 1,500.

A steady decrease in the number of active cases must be seen in the US.

New data on Russia will be released after 8:30 London time. Read it on "Trader's Diary" today.

The material has been provided by InstaForex Company -