Forex Forecast and Cryptocurrencies Forecast for June 15-19, 2020

<p>First, a review of last week’s events: – EUR/USD . If someone thought that the United States won COVID-19, they were mistaken. The number of people infected with coronavirus is growing in 21 states, with new highs recorded in 14 of them. Anti-racist demonstrations in the country are likely to further aggravate the infection situation. Can this be called the second wave of the pandemic? And won't the third one follow it in the fall? Investors who decided that all the problems of the American economy caused by the coronavirus are behind, miscalculated. Market optimism was sharply reduced by the Fed meeting together with a cautiously optimistic speech of its head Jerome Paull on Wednesday, June 10. The Fed just promised to continue quantitative easing at the same pace as it is now, stretching the possibility of reducing the discount rate to zero until 2022. As a result, the lack of additional stimulus from the Fed and a new wave of pandemic in Texas, Arizona and California and other state</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *