{"id":2354,"date":"2020-06-15T14:38:00","date_gmt":"2023-03-31T20:18:58","guid":{"rendered":""},"modified":"2024-05-29T08:13:59","modified_gmt":"2024-05-29T08:13:59","slug":"the-potential-coronavirus-2nd-wave-on-the-spot","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/the-potential-coronavirus-2nd-wave-on-the-spot\/","title":{"rendered":"The potential Coronavirus 2nd wave on the spot!"},"content":{"rendered":"

Stocks had their first red week after their bullish run for almost a month. Investors have started worrying about the potential second wave of COVID-19. China <\/span>closed<\/span><\/a> Beijing’s largest fruit and vegetable supply center as well as locked down close districts. Also, the country reported its biggest daily infections increase with 57 news cases. Additionally, 21 US states reported an average daily increase in new cases according to <\/span>The Washington Post<\/span><\/a>. The Washington State Department of Health <\/span>warns <\/span><\/a>that the COVID-19 is spreading faster within the state. In the meanwhile, <\/span>Brazil <\/span><\/a>is now the second-largest country in the world in deaths and WHO worries about the situation there. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EU markets are in negative territory though they have trimmed the earlier losses. DAX is losing 1.17%, CAC40 1.12% and FTSE 100 1.05%.  EU imports fell to 5 ½ lows in April by 24.8% as well as Exports dropped to 9 years low by 29.3%. Reviewing the technical picture, GER30 bounced on 61.8% while UK100 reversed on the 38.2% Fibonacci level.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

DAX daily chart
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UK100 daily chart
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Heading to the forex market, EURUSD failed to violate the major resistance zone to the upside we had analyzed in our previous post. USDJPY is still testing 50 SMA from below while USDCAD is heading to a major resistance level at 1.373.<\/span><\/p>\n

EURUSD daily chart
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<\/span><\/p>\n

USDJPY daily chart
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<\/span><\/p>\n

USDCAD daily chart 
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<\/span><\/p>\n

In focus this week<\/span> (<\/span>economic calendar<\/span><\/a>):<\/span><\/p>\n

Japan – BoJ Interest Rate Decision<\/span>
<\/span>UnitedStates – Retail Sales Control Group (May)<\/span>
<\/span>UnitedStates – Fed’s Chair Powell testifies<\/span>
<\/span>Switzerland – SNB Monetary Policy Assessment<\/span>
<\/span>UnitedKingdom – BoE Interest Rate Decision<\/span><\/p>\n

<\/span><\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks had their first red week after their bullish run for almost a month. Investors have started worrying about the potential second wave of COVID-19. China closed Beijing’s largest fruit and vegetable supply center as well as locked down close districts. Also, the country reported its biggest daily infections increase with 57 news cases. Additionally, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2354","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970487:4"],"rank_math_seo_score":["19"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"8e897192a229fd96fdb2ff9478459a04\";s:6:\"images\";a:5:{i:0;s:56:\"\/image.axd?picture=\/2020\/1562020\/GER30Daily 15602020.png\";i:1;s:55:\"\/image.axd?picture=\/2020\/1562020\/UK100Daily 1562020.png\";i:2;s:56:\"\/image.axd?picture=\/2020\/1562020\/EURUSDDaily 1562020.png\";i:3;s:56:\"\/image.axd?picture=\/2020\/1562020\/USDJPYDaily 1562020.png\";i:4;s:56:\"\/image.axd?picture=\/2020\/1562020\/USDCADDaily 1562020.png\";}}"],"rank_math_analytic_object_id":["187"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2354"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2354\/revisions"}],"predecessor-version":[{"id":4009,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2354\/revisions\/4009"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}