According to unofficial information, the US Congress will pass today a package of assistance to the economy worth almost $ 2 trillion. The package contains direct payments of up to $ 3 thousand dollars per family, assistance to businesses affected by the coronavirus, and assistance to the affected states and cities.
Update on the coronavirus pandemic: there is a decrease in the number of deaths per day in Italy, and decrease in the rate of the spread of the virus. Before, the increase in the number of new patients was +10% per day, but now, it is only +8%. We may be close to the peak of the pandemic.
The second country with the largest number of cases (excluding China, where the epidemic has almost been overcome) is the United States. It now has 54,000 patients, which increases in about +10% per day. Spain is in third place with 42,000 cases.
Half of the cases in the US are from New York. As a result, everyone leaving the city must go to self-isolation for 14 days.
At the moment, Italy's and Spain's situation were the most difficult. It's worse than China's, as the number of deaths in the country is only 3,300. In Italy, 6,800 people have died, and in Spain, 3,000. This suggests that, most likely, Italy and Spain have a massive undertesting, and there are much more patients than the official data.
Meanwhile, there are far fewer deaths in the US so far - 64.
Other foci: 24,800 - not enough information.
Germany - 33,400 cases
France - 22,300 cases
Switzerland - 9,900 cases and 110 deaths
Britain - 8,100 cases.
Anyhow, the US market rose sharply yesterday, approximately +10% on indices, on the expectation of a package of assistance and a positive response to the weakening of the pandemic.
EUR/USD: the growth of the dollar has stopped.
Be ready to sell at a break down of 1.0635.
You can sell from 1.0940 or higher.
The material has been provided by InstaForex Company - www.instaforex.com