Mainland Europe finally records daily deaths no higher than 300, even in lagging Britain. Germany also observed a sharp drop in deaths for 5 consecutive days.
US also records a decrease in fatality, with deaths of about +2,500 per day, twice lower than the highest figure recorded. The pandemic also seems to be receding in Western countries, which are beginning to gradually open economies. Most countries will open before the end of May.
The US market tried to rally but failed, finally realizing that the economic problems are just beginning. Yesterday, industrial orders for March fell by 10%, worse than the forecast, and today, the ISM service index will be released, where a severe decline is expected.
The market awaits the labor market report on Wednesday and Friday - 21 million unemployed, with a rate of 16%, is expected in the US.
EUR/USD: Place purchases from 1.0850.
Purchases are also possible from 1.0910.
Stop at 1.0850.
The material has been provided by InstaForex Company - www.instaforex.com